DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

P•••••• H•••••• A•••• M••••••••• L••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 124365SEC 801-61673IAPD
Latest filing Feb 17, 2026
First filing on the tape Mar 19, 2012 · 18 filings
SEC status approved since Jan 3, 2003
RAUM
$7.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
2 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$7.3B as of Feb 17, 2026
Mar 19, 2012$15B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 17, 2026
Mar 19, 20120 then
Employees (5.A)10 as of Feb 17, 2026
Mar 14, 201316 then
Private funds: no history
RAUM +84% over the last fiscal year+35% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 17, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.8BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+84%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companies, otherreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$7.3B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • A••••••• J••••• H••••• · Director Of Financecontrol
        since 04/2006 · owns less than 5%
      • C••••••• M••••••• J••••• · Trusteecontrol
        since 08/2015 · owns 75% or more
      • F•••••• S••••• K•••••• · Chief Compliance Officercontrol
        since 03/2010 · owns less than 5%
      Entity owners
      • T•• M•••••• J• C•••••• 2••• R•••••••• T•••• · Trust
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      • Boston, MA3 employees
      • , 1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Feb 17, 2026
        RAUM (Item 5.F) moved from $3,962,475,562 to $7,273,866,305 (+84.0%) between the annual amendments of 2025-02-04 and 2026-02-17; the peer median change was +13.0% (631 comparable advisers, 93.0th percentile of changes)
        peers: asset managers, $5B to $20B (631) · 93% percentile
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $4.0B to $7.3B
        Feb 4, 2025 to Feb 17, 2026
      • RAUM · $4.0B to $7.3B
        Feb 4, 2025 to Feb 17, 2026
      • Financial planning clients · unset to
        Feb 7, 2024 to Feb 4, 2025
      • Discretionary RAUM · $3.1B to $4.0B
        Feb 7, 2024 to Feb 4, 2025
      • RAUM · $3.1B to $4.0B
        Feb 7, 2024 to Feb 4, 2025
      • Discretionary RAUM · $2.9B to $3.1B
        Jan 31, 2023 to Feb 7, 2024
      • RAUM · $2.9B to $3.1B
        Jan 31, 2023 to Feb 7, 2024
      • Advisory activities · 1 to 2
        Mar 22, 2022 to Jan 31, 2023
      • Organization form · Limited Liability Partnership to Limited Liability Company
        Mar 22, 2022 to Jan 31, 2023
      • Discretionary RAUM · $3.2B to $2.9B
        Mar 22, 2022 to Jan 31, 2023
      • RAUM · $3.2B to $2.9B
        Mar 22, 2022 to Jan 31, 2023
      • Other offices · 0 to 2
        Feb 22, 2021 to Mar 22, 2022
      • Organization form · Limited Liability Company to Limited Liability Partnership
        Feb 22, 2021 to Mar 22, 2022
      • Discretionary RAUM · $2.4B to $3.2B
        Feb 22, 2021 to Mar 22, 2022
      • RAUM · $2.4B to $3.2B
        Feb 22, 2021 to Mar 22, 2022
      • BD registered reps · 4 to 2
        Feb 10, 2020 to Feb 22, 2021
      • Employees · 13 to 10
        Feb 10, 2020 to Feb 22, 2021
      • Discretionary RAUM · $2.0B to $2.4B
        Feb 10, 2020 to Feb 22, 2021
      • RAUM · $2.0B to $2.4B
        Feb 10, 2020 to Feb 22, 2021
      • BD registered reps · 5 to 4
        Feb 19, 2019 to Feb 10, 2020
      • Employees · 14 to 13
        Feb 19, 2019 to Feb 10, 2020
      • Discretionary RAUM · $1.9B to $2.0B
        Feb 19, 2019 to Feb 10, 2020
      • RAUM · $1.9B to $2.0B
        Feb 19, 2019 to Feb 10, 2020
      • Employees · 15 to 14
        Feb 9, 2018 to Feb 19, 2019
      • Discretionary RAUM · $2.6B to $1.9B
        Feb 9, 2018 to Feb 19, 2019
      • RAUM · $2.6B to $1.9B
        Feb 9, 2018 to Feb 19, 2019
      • Other offices · unset to 0.0
        Feb 17, 2017 to Feb 9, 2018
      • Discretionary RAUM · $2.8B to $2.6B
        Feb 17, 2017 to Feb 9, 2018
      • RAUM · $2.8B to $2.6B
        Feb 17, 2017 to Feb 9, 2018
      • Discretionary RAUM · $3.0B to $2.8B
        Feb 10, 2016 to Feb 17, 2017
      • RAUM · $3.0B to $2.8B
        Feb 10, 2016 to Feb 17, 2017
      • Discretionary RAUM · $5.7B to $3.0B
        Feb 17, 2015 to Feb 10, 2016
      • RAUM · $5.7B to $3.0B
        Feb 17, 2015 to Feb 10, 2016
      • Discretionary RAUM · $9.7B to $5.7B
        Jan 21, 2014 to Feb 17, 2015
      • RAUM · $9.7B to $5.7B
        Jan 21, 2014 to Feb 17, 2015
      • BD registered reps · 6 to 5
        Mar 14, 2013 to Jan 21, 2014
      • Employees · 16 to 15
        Mar 14, 2013 to Jan 21, 2014
      • Discretionary RAUM · $17B to $9.7B
        Mar 14, 2013 to Jan 21, 2014
      • RAUM · $17B to $9.7B
        Mar 14, 2013 to Jan 21, 2014
      • Accounts · 8 to 4
        Mar 19, 2012 to Mar 14, 2013
      Signals
      3 dated events
      • P•••••• H•••••• A•••• M••••••••• L•• reported RAUM $7.3B, up 84% from $4.0B (2025-02-04 to 2026-02-17)
        Feb 17, 2026 · RAUM change · derived
      • P•••••• H•••••• A•••• M••••••••• L•• reported RAUM $4.0B, up 27% from $3.1B (2024-02-07 to 2025-02-04)
        Feb 4, 2025 · RAUM change · derived
      • P•••••• H•••••• A•••• M••••••••• L•• reported RAUM $3.2B, up 33% from $2.4B (2021-02-22 to 2022-03-22)
        Mar 22, 2022 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      415-398-8000reportedpublic record, Form ADV, Feb 17, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026