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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Former SEC-registered adviser

B•••• V•••• F••• M••••••••• L•••

Former SEC-registered adviserSan Francisco, CaliforniaCRD 124537SEC 801-64412IAPD
Latest filing Mar 28, 2022
First filing on the tape Mar 30, 2012 · 13 filings
RAUM
$421M
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
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$421M gross assets
History
13 filings and snapshots on the tape
RAUM$421M as of Mar 28, 2022
Mar 30, 2012$142M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2022
Mar 30, 20120 then
Employees (5.A)1 as of Mar 28, 2022
Mar 27, 20131 then
Private funds1 as of Mar 28, 2022
Mar 30, 20122 then
RAUM -20% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 28, 2022; 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
$211MderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-20%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 assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$526M, 59 clientsreportedItem 9.A
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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$421M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$526M for 59 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B•••• V•••• A•••• O••••••••• M••••• F•••• L•••Hedge Fund$421M58Mar 30, 2012
      B•••• V•••• F•••• L•••no longer reportedHedge Fund$56.0M12Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • R•••••• R•••••• M••••• · Managing Membercontrol
        since 08/1998 · owns 75% or more
      • H•• J••• · Cfo & Cco
        since 07/2013 · owns less than 5%
      Related persons
      Schedule D 7.A
      • B•••• V•••• F••• M••••••••• •••• L•••
        investment advisern
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $526M to $421M
        Mar 26, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $526M to $421M
        Mar 26, 2021 to Mar 28, 2022
      • RAUM · $526M to $421M
        Mar 26, 2021 to Mar 28, 2022
      • Assets in custody · $556M to $526M
        Mar 31, 2020 to Mar 26, 2021
      • Discretionary RAUM · $556M to $526M
        Mar 31, 2020 to Mar 26, 2021
      • Pooled vehicle RAUM · $556M to $526M
        Mar 31, 2020 to Mar 26, 2021
      • RAUM · $556M to $526M
        Mar 31, 2020 to Mar 26, 2021
      • Assets in custody · $588M to $556M
        Mar 26, 2019 to Mar 31, 2020
      • Discretionary RAUM · $588M to $556M
        Mar 26, 2019 to Mar 31, 2020
      • Pooled vehicle RAUM · $588M to $556M
        Mar 26, 2019 to Mar 31, 2020
      • RAUM · $588M to $556M
        Mar 26, 2019 to Mar 31, 2020
      • Assets in custody · $655M to $588M
        Mar 28, 2018 to Mar 26, 2019
      • Discretionary RAUM · $655M to $588M
        Mar 28, 2018 to Mar 26, 2019
      • Pooled vehicle RAUM · $655M to $588M
        Mar 28, 2018 to Mar 26, 2019
      • RAUM · $655M to $588M
        Mar 28, 2018 to Mar 26, 2019
      • Accounts · 4 to 2
        Mar 27, 2017 to Mar 28, 2018
      • Pooled vehicle clients · unset to 2.0
        Mar 27, 2017 to Mar 28, 2018
      • Assets in custody · $500M to $655M
        Mar 27, 2017 to Mar 28, 2018
      • Other offices · unset to 0.0
        Mar 27, 2017 to Mar 28, 2018
      • Private funds · 2 to 1
        Mar 27, 2017 to Mar 28, 2018
      • Discretionary RAUM · $500M to $655M
        Mar 27, 2017 to Mar 28, 2018
      • Pooled vehicle RAUM · unset to 654971629.0
        Mar 27, 2017 to Mar 28, 2018
      • RAUM · $500M to $655M
        Mar 27, 2017 to Mar 28, 2018
      • Assets in custody · $523M to $500M
        Mar 4, 2016 to Mar 27, 2017
      • Discretionary RAUM · $525M to $500M
        Mar 4, 2016 to Mar 27, 2017
      • RAUM · $525M to $500M
        Mar 4, 2016 to Mar 27, 2017
      • Assets in custody · $344M to $523M
        Mar 27, 2015 to Mar 4, 2016
      • Discretionary RAUM · $361M to $525M
        Mar 27, 2015 to Mar 4, 2016
      • RAUM · $361M to $525M
        Mar 27, 2015 to Mar 4, 2016
      • Assets in custody · $229M to $344M
        Jun 11, 2014 to Mar 27, 2015
      • Discretionary RAUM · $270M to $361M
        Jun 11, 2014 to Mar 27, 2015
      • RAUM · $270M to $361M
        Jun 11, 2014 to Mar 27, 2015
      • Assets in custody · $179M to $229M
        Nov 11, 2013 to Mar 31, 2014
      • Discretionary RAUM · $197M to $270M
        Nov 11, 2013 to Mar 31, 2014
      • RAUM · $197M to $270M
        Nov 11, 2013 to Mar 31, 2014
      • Assets in custody · unset to 179307550.0
        Mar 27, 2013 to Nov 11, 2013
      • Custody of client assets · false to true
        Mar 27, 2013 to Nov 11, 2013
      • Discretionary RAUM · $180M to $197M
        Mar 27, 2013 to Nov 11, 2013
      • RAUM · $180M to $197M
        Mar 27, 2013 to Nov 11, 2013
      • Accounts · 6 to 4
        Mar 30, 2012 to Mar 27, 2013
      Signals
      1 dated events
      • B•••• V•••• F••• M••••••••• L••• reported RAUM $655.0M, up 31% from $499.8M (2017-03-27 to 2018-03-28)
        Mar 28, 2018 · 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.
      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
      Former SEC-registered adviserderiveda 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