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

A•••• C•••••• M••••••••• L••

Institutional managerChicago, IllinoisCRD 125303SEC 801-65975websiteIAPD
Latest filing Mar 18, 2026
First filing on the tape Feb 1, 2012 · 34 filings
SEC status approved since Jan 31, 2006
RAUM
$863M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.2%
$1.4M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$173M
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$863M as of Mar 18, 2026
Mar 29, 2012$333M then
HNW client RAUM$1.4M as of Mar 18, 2026
Mar 29, 2018$916,868 then
State-registered IARs (5.B.3)5 as of Mar 18, 2026
Mar 22, 20134 then
Employees (5.A)8 as of Mar 18, 2026
Mar 22, 20137 then
Private funds1 as of Mar 18, 2026
Mar 25, 20162 then
RAUM -14% over the last fiscal year-3.6% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
$173MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
1derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$232,897derivedHNW RAUM over HNW clients
Average account
$41.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
93%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-14%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+20%derived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$60.7M, 1 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
  • 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)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$688M80%
  • Pension and profit-sharing plans$112M13%
  • Pooled investment vehicles$60.7M7.0%
  • High-net-worth individuals$1.4M0.2%
Individual clients
0reported
HNW clients
6reported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
21reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $154M managedreported
Custody of client assets
$60.7M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.07 institutional_share=0.93 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• B••••Chicago, IlMar 7, 200325 y0
A••• G•••••Chartered Financial AnalystChicago, IlJan 22, 200720 y0
S•••••• H••••Chicago, IlDec 5, 201412 y0
R•• G•••• G••••••••Chicago, IlJan 15, 201512 y0
M•••••• S•••••• B•••••Chicago, IlJun 1, 202621 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      2 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• R•••••• · Chief Executive Officer/Chief Investment Officercontrol
        since 08/2002 · owns less than 5%
      • B••••• R•••••• · Sole Membercontrol
        since 05/2014 · owns 75% or more of A•••• H•••••••• L••
      • B••••• R•••••• · Trusteecontrol
        since 12/2012 · owns 75% or more of T•• P•••••••• T••••
      • B•••••• M••••••• S•••••• · Member/Director Of Marketing & Investor Relations
        since 09/2005 · owns less than 5%
      • G•••••• A••• · Member/Chief Operating Officer
        since 01/2010 · owns less than 5%
      • G••••••••• R•• G•••• · Member/Deputy Chief Investment Officer/Director Of Research
        since 05/2014 · owns less than 5%
      • H••••• S•••••• · Member/Director Of Finance/Chief Compliance Officer
        since 04/2014 · owns less than 5%
      • T•••• H••• K••• · Member/Director Of It
        since 05/2014 · owns less than 5%
      Entity owners
      • A•••• H•••••••• L•• · Limited Liability Company
        direct · owns 50% to 75%
      • T•• P•••••••• T•••• · Member/Trust
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • A•••• G••••• F••••• L••
        pooled vehicle sponsorn
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Chicago, Il · principal510
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 4
        May 21, 2025 to Mar 18, 2026
      • HNW clients · 5 to 6
        May 21, 2025 to Mar 18, 2026
      • Pooled vehicle clients · 1 to 2
        May 21, 2025 to Mar 18, 2026
      • Assets in custody · $45.3M to $60.7M
        May 21, 2025 to Mar 18, 2026
      • Employees · 9 to 8
        May 21, 2025 to Mar 18, 2026
      • Discretionary RAUM · $1000M to $863M
        May 21, 2025 to Mar 18, 2026
      • HNW RAUM · $1.1M to $1.4M
        May 21, 2025 to Mar 18, 2026
      • Pension RAUM · $49.4M to $112M
        May 21, 2025 to Mar 18, 2026
      • Pooled vehicle RAUM · $45.3M to $60.7M
        May 21, 2025 to Mar 18, 2026
      • RAUM · $1000M to $863M
        May 21, 2025 to Mar 18, 2026
      • Wrap assets (manager) · $0 to $154M
        May 21, 2025 to Mar 18, 2026
      • Financial planning clients · unset to
        Mar 19, 2025 to May 21, 2025
      • Accounts · 48 to 21
        Oct 8, 2024 to Mar 19, 2025
      • Charity clients · unset to 0.0
        Oct 8, 2024 to Mar 19, 2025
      • Corporate clients · unset to 0.0
        Oct 8, 2024 to Mar 19, 2025
      • Individual clients · unset to 0.0
        Oct 8, 2024 to Mar 19, 2025
      • Pooled vehicle clients · 2 to 1
        Oct 8, 2024 to Mar 19, 2025
      • Assets in custody · $43.6M to $45.3M
        Oct 8, 2024 to Mar 19, 2025
      • Private funds · 2 to 1
        Oct 8, 2024 to Mar 19, 2025
      • Discretionary RAUM · $1000M to $1000M
        Oct 8, 2024 to Mar 19, 2025
      • HNW RAUM · $1.0M to $1.1M
        Oct 8, 2024 to Mar 19, 2025
      • Individual RAUM · unset to 0.0
        Oct 8, 2024 to Mar 19, 2025
      • Pension RAUM · $47.8M to $49.4M
        Oct 8, 2024 to Mar 19, 2025
      • Pooled vehicle RAUM · $43.6M to $45.3M
        Oct 8, 2024 to Mar 19, 2025
      • RAUM · $1000M to $1000M
        Oct 8, 2024 to Mar 19, 2025
      • Accounts · 49 to 48
        Jul 26, 2023 to Mar 7, 2024
      • Advisory employees · 7 to 5
        Jul 26, 2023 to Mar 7, 2024
      • Charity clients · 1.0 to unset
        Jul 26, 2023 to Mar 7, 2024
      • Pension plan clients · 3.0 to unset
        Jul 26, 2023 to Mar 7, 2024
      • Assets in custody · $88.9M to $43.6M
        Jul 26, 2023 to Mar 7, 2024
      • Employees · 13 to 9
        Jul 26, 2023 to Mar 7, 2024
      • State-registered IARs · 6 to 5
        Jul 26, 2023 to Mar 7, 2024
      • Discretionary RAUM · $962M to $1000M
        Jul 26, 2023 to Mar 7, 2024
      • HNW RAUM · $881,567 to $1.0M
        Jul 26, 2023 to Mar 7, 2024
      • Pension RAUM · $44.9M to $47.8M
        Jul 26, 2023 to Mar 7, 2024
      • Pooled vehicle RAUM · $88.9M to $43.6M
        Jul 26, 2023 to Mar 7, 2024
      • RAUM · $962M to $1000M
        Jul 26, 2023 to Mar 7, 2024
      • Accounts · 56 to 49
        Mar 30, 2022 to Mar 31, 2023
      • Advisory employees · 8 to 7
        Mar 30, 2022 to Mar 31, 2023
      • HNW clients · 6 to 5
        Mar 30, 2022 to Mar 31, 2023
      Signals
      3 dated events
      • A•••• C•••••• M••••••••• L•• reported RAUM $962.0M, down 34% from $1.5B (2022-03-30 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • A•••• C•••••• M••••••••• L•• reported RAUM $1.3B, down 30% from $1.9B (2020-07-07 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • A•••• C•••••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Jun 25, 2014 · Succession (Item 4) · fact
      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
      Website
      A••••CAPITAL.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      312-263-7600reportedpublic record, Form ADV, Mar 18, 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
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $173Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026