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.
SEC-registered adviser
Ajf Capital Management, Inc.
Latest filing Jul 24, 2026
First filing on the tape Apr 13, 2015 · 39 filings
SEC status approved since Apr 24, 2015
RAUM
$179M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$174M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$44.6M
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$179M as of Jul 24, 2026
Dec 15, 2015$49.6M then
HNW client RAUM$124M as of Jul 24, 2026
Dec 13, 2017$47.2M then
State-registered IARs (5.B.3)4 as of Jul 24, 2026
Dec 15, 20151 then
Employees (5.A)4 as of Jul 24, 2026
Dec 15, 20155 then
Private funds: no history
RAUM +27% over the last fiscal year+11% a year over threeIARs 4 to 4offices 1 to 2
Practice profile
derived from the filing of Jul 24, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $44.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 70derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $330,609derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +52%derived
- Compensation
- percentage of assets, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$124M70%
- Individuals$49.5M28%
- Pension and profit-sharing plans$3.8M2.2%
- Charitable organizations$639,0540.4%
- Individual clients
- 183reported
- HNW clients
- 97reported
- Pension plan clients
- 29reported
- Charitable clients
- 4reported
- Accounts
- 540reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $0 sponsored, $179M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, commissionsreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| John Ralph Romano | New York, Ny | Oct 4, 2018 | 10 y | 1 |
| Andrew Jon FriedmanCertified Financial Planner | Boulder, Co | Jul 11, 2021 | 40 y | 1 |
| Steven James Brennan | New York, Ny | Nov 22, 2021 | 30 y | 0 |
| Holly D Nahar | New York, Ny | Jun 30, 2022 | 11 y | 0 |
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
- Matthew Klein to Fidelity Personal And Workplace AdvisorsApr 14, 2022 · RIA to affiliated broker-dealer or bank
- Ryan Arnez Monroe to Cornerstone Capital Inc.May 10, 2017 · Other
Joined, latest
- Matthew Klein from Morgan StanleyAug 10, 2021 · Wirehouse to independent RIA
- Andrew Jon Friedman from Saxony Capital Management, LLCJul 11, 2021 · Other
- John Ralph Romano from American Portfolios Advisors, IncOct 4, 2018 · RIA to RIA
- Ryan Arnez Monroe from Northwestern Mutual Investment Services,LLCMay 2, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- James Steven Brennan · Chief Compliance Officer/Chief Operating Officercontrolsince 03/2022 · owns 10% to 25%
- Jon Andrew Friedman · Presidentcontrolsince 06/1991 · owns 25% to 50%
- No Middle Name Loretta Ross-Friedman · Ownercontrolsince 01/2015 · owns 25% to 50%
- Ralph John Romano · Chief Investment Officersince 03/2022 · owns 10% to 25%
Related persons
Schedule D 7.A
- Crump Life Insurance Services, Inc.real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| New York, Ny · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Other offices · 1 to 2Nov 14, 2025 to Jul 24, 2026
- Accounts · 615 to 540Jul 16, 2025 to Nov 14, 2025
- HNW clients · 106 to 97Jul 16, 2025 to Nov 14, 2025
- Individual clients · 359 to 183Jul 16, 2025 to Nov 14, 2025
- Pension plan clients · 31 to 29Jul 16, 2025 to Nov 14, 2025
- Discretionary RAUM · $169M to $179MJul 16, 2025 to Nov 14, 2025
- HNW RAUM · $115M to $124MJul 16, 2025 to Nov 14, 2025
- Individual RAUM · $45.7M to $49.5MJul 16, 2025 to Nov 14, 2025
- Pension RAUM · $7.6M to $3.8MJul 16, 2025 to Nov 14, 2025
- RAUM · $169M to $179MJul 16, 2025 to Nov 14, 2025
- Wrap assets (manager) · $169M to $179MJul 16, 2025 to Nov 14, 2025
- Financial planning clients · 1-10 to 1-10Dec 24, 2024 to Jul 16, 2025
- Accounts · 606 to 615Jul 31, 2024 to Dec 24, 2024
- HNW clients · 100 to 106Jul 31, 2024 to Dec 24, 2024
- Individual clients · 206 to 359Jul 31, 2024 to Dec 24, 2024
- Pension plan clients · 46 to 31Jul 31, 2024 to Dec 24, 2024
- Financial planning clients · 11-25 to 1-10Jul 31, 2024 to Dec 24, 2024
- Discretionary RAUM · $141M to $169MJul 31, 2024 to Dec 24, 2024
- HNW RAUM · $94.9M to $115MJul 31, 2024 to Dec 24, 2024
- Individual RAUM · $36.9M to $45.7MJul 31, 2024 to Dec 24, 2024
- Pension RAUM · $8.3M to $7.6MJul 31, 2024 to Dec 24, 2024
- RAUM · $141M to $169MJul 31, 2024 to Dec 24, 2024
- Wrap assets (manager) · $0 to $169MJul 31, 2024 to Dec 24, 2024
- Accounts · 558 to 606Mar 7, 2023 to Nov 21, 2023
- HNW clients · 104 to 100Mar 7, 2023 to Nov 21, 2023
- Individual clients · 188 to 206Mar 7, 2023 to Nov 21, 2023
- Pension plan clients · 52 to 46Mar 7, 2023 to Nov 21, 2023
- Discretionary RAUM · $118M to $141MMar 7, 2023 to Nov 21, 2023
- HNW RAUM · $77.8M to $94.9MMar 7, 2023 to Nov 21, 2023
- Individual RAUM · $31.3M to $36.9MMar 7, 2023 to Nov 21, 2023
- Pension RAUM · $8.7M to $8.3MMar 7, 2023 to Nov 21, 2023
- RAUM · $118M to $141MMar 7, 2023 to Nov 21, 2023
- Accounts · 538 to 558Sep 6, 2022 to Dec 14, 2022
- HNW clients · 96 to 104Sep 6, 2022 to Dec 14, 2022
- Individual clients · 173 to 188Sep 6, 2022 to Dec 14, 2022
- Pension plan clients · 64 to 52Sep 6, 2022 to Dec 14, 2022
- Employees · 6 to 4Sep 6, 2022 to Dec 14, 2022
- Financial planning clients · 51-100 to 11-25Sep 6, 2022 to Dec 14, 2022
- State-registered IARs · 3 to 4Sep 6, 2022 to Dec 14, 2022
- Discretionary RAUM · $131M to $118MSep 6, 2022 to Dec 14, 2022
Signals
4 dated events
- Matthew Klein left Ajf Capital Management, Inc. for Fidelity Personal And Workplace Advisors (registered 2022-05-20)Apr 14, 2022 · Advisor changed firm · fact
- J Michael Ryan (Cco) no longer on Schedule A of Ajf Capital Management, Inc. (listed 2020-06-19, absent 2020-06-25)Jun 25, 2020 · Control person left · inference
- James Steven Brennan (Chief Compliance Officer/Chief Operating Officer) appeared on Schedule A of Ajf Capital Management, Inc.Jun 25, 2020 · Control person joined · fact
- Ajf Financial Services, Inc. filed its initial SEC registration (Form ADV)Apr 13, 2015 · First SEC registration · 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
- Business phone
- 212-779-0789reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/ajf-capitalmanagementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- ajfcapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 212-779-0789reportedpublic record, Form ADV, Jul 24, 2026
- Contact form
- ajfcapital.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- ajfcapital.com/teamreportedpublished by the firm, firm site, Sep 16, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $44.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026