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.

Former SEC-registered adviser

Kovitz Investment Group, LLC

Former SEC-registered adviserChicago, IllinoisCRD 127880SEC 801-62239IAPD
Latest filing Jan 13, 2016
First filing on the tape Feb 15, 2012 · 17 filings
RAUM
$3.1B
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
50
23 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$3.1B as of Mar 31, 2015
Mar 30, 2012$2.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)34 as of Mar 31, 2015
Apr 1, 201332 then
Employees (5.A)50 as of Mar 31, 2015
Apr 1, 201343 then
Private funds5 as of Mar 31, 2015
Mar 30, 20124 then
RAUM -1.8% over the last fiscal year+16% a year over threeIARs 33 to 34
Practice profile
derived from the filing of Jan 13, 2016; every figure names its basis
RAUM per advisor
$92.0MderivedRAUM 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
$1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
34.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-1.8%derivedbetween the last two annual amendments
Advisor growth, one year
+3.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3,030reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Stuart Marc Brenner · President, Chief Operating Officercontrol
      since 07/2003 · owns 10% to 25%
    • Armin Mitchell Kovitz · Chairman/Chief Executive Officercontrol
      since 07/2003 · owns 25% to 50%
    • Ari Jonathan Shapiro · Vice Presidentcontrol
      since 07/2003 · owns 10% to 25%
    • Arthur Bruce Weininger · Vice Presidentcontrol
      since 01/2005 · owns 10% to 25%
    • William Harold Gianopulos · Member
      since 01/2007 · owns less than 5%
    • S Leonard Gryn · Member
      since 01/2014 · owns less than 5%
    • Eric Steven Hengst · Chief Compliance Officer
      since 04/2008 · owns less than 5%
    • Davidson Joel Hirsh · Member
      since 01/2014 · owns less than 5%
    • Jay Theodore Rupp · Member, Vice President - Operations, Chief Financial Officer
      since 01/2011 · owns less than 5%
    Related persons
    Schedule D 7.A
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Private funds · 5 to unset
      Dec 18, 2015 to Jan 13, 2016
    • Assets in custody · 154419618.0 to unset
      Dec 18, 2015 to Jan 13, 2016
    • Custody of client assets · true to false
      Dec 18, 2015 to Jan 13, 2016
    • Assets in custody · $142M to $154M
      Mar 31, 2015 to May 15, 2015
    • Accounts · 2,760 to 3,030
      May 29, 2014 to Mar 31, 2015
    • BD registered reps · 33 to 36
      May 29, 2014 to Mar 31, 2015
    • Assets in custody · $131M to $142M
      May 29, 2014 to Mar 31, 2015
    • Employees · 46 to 50
      May 29, 2014 to Mar 31, 2015
    • State-registered IARs · 33 to 34
      May 29, 2014 to Mar 31, 2015
    • Private funds · 4 to 5
      May 29, 2014 to Mar 31, 2015
    • Discretionary RAUM · $3.2B to $3.1B
      May 29, 2014 to Mar 31, 2015
    • RAUM · $3.2B to $3.1B
      May 29, 2014 to Mar 31, 2015
    • Accounts · 2,745 to 2,760
      May 20, 2013 to Mar 31, 2014
    • Advisory employees · 18 to 23
      May 20, 2013 to Mar 31, 2014
    • BD registered reps · 32 to 33
      May 20, 2013 to Mar 31, 2014
    • Assets in custody · $125M to $131M
      May 20, 2013 to Mar 31, 2014
    • Employees · 43 to 46
      May 20, 2013 to Mar 31, 2014
    • State-registered IARs · 32 to 33
      May 20, 2013 to Mar 31, 2014
    • Discretionary RAUM · $2.5B to $3.2B
      May 20, 2013 to Mar 31, 2014
    • RAUM · $2.5B to $3.2B
      May 20, 2013 to Mar 31, 2014
    • Discretionary RAUM · $2.4B to $2.5B
      Apr 26, 2013 to May 20, 2013
    • RAUM · $2.4B to $2.5B
      Apr 26, 2013 to May 20, 2013
    • Accounts · 2,589 to 2,745
      Jan 17, 2013 to Apr 1, 2013
    • BD registered reps · 29 to 32
      Jan 17, 2013 to Apr 1, 2013
    • Assets in custody · $98.0M to $125M
      Jan 17, 2013 to Apr 1, 2013
    • Employees · 40 to 43
      Jan 17, 2013 to Apr 1, 2013
    • State-registered IARs · 27 to 32
      Jan 17, 2013 to Apr 1, 2013
    • Discretionary RAUM · $2.0B to $2.4B
      Jan 17, 2013 to Apr 1, 2013
    • RAUM · $2.0B to $2.4B
      Jan 17, 2013 to Apr 1, 2013
    • Advisory employees · unset to 18.0
      Sep 26, 2012 to Jan 17, 2013
    • BD registered reps · unset to 29.0
      Sep 26, 2012 to Jan 17, 2013
    • Employees · unset to 40.0
      Sep 26, 2012 to Jan 17, 2013
    • State-registered IARs · unset to 27.0
      Sep 26, 2012 to Jan 17, 2013
    • Accounts · 2,530 to 2,589
      Feb 15, 2012 to Mar 30, 2012
    • Assets in custody · $58.7M to $98.0M
      Feb 15, 2012 to Mar 30, 2012
    • Private funds · 3 to 4
      Feb 15, 2012 to Mar 30, 2012
    • Discretionary RAUM · $1.8B to $2.0B
      Feb 15, 2012 to Mar 30, 2012
    • RAUM · $1.8B to $2.0B
      Feb 15, 2012 to Mar 30, 2012
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    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