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
E••••• A••••••• L••••••
Latest filing Apr 30, 2024
First filing on the tape Mar 29, 2012 · 38 filings
RAUM
$1.4B
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
17
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
$427M gross assets
History
38 filings and snapshots on the tape
RAUM$1.4B as of Mar 30, 2024
Mar 29, 2012$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2024
Mar 29, 20120 then
Employees (5.A)17 as of Mar 30, 2024
Mar 27, 201336 then
Private funds3 as of Mar 30, 2024
Mar 29, 20126 then
RAUM -4.3% over the last fiscal year+27% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 30, 2024; 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
- $86.1MderivedRAUM 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
- -4.3%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-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Ownership
- a PE fund or sponsor is a 25 percent or greater owner 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$808M59%
- Investment companies$329M24%
- Corporations and businesses$239M17%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 16reported
- Financial planning clients
- n/areported
- 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
none on the tape
Joined, latest
none on the tape
Private funds
11 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| E••••• W•••• • P•••• O••••••••• P••no longer reported | Other Private Fund | $716M | 150 | Apr 30, 2013 |
| T••••••• G••••• R••••••••• I••••••••• M••••• F••• L••••••no longer reported | Liquidity Fund | $75.7M | 9 | Mar 30, 2016 |
| E••••• C•••••• S•••••••• A•• O••••••••• M••••• F••• L•••••• | Hedge Fund | $34.1M | 13 | Mar 27, 2013 |
| C•••• C•••••••• P••••••• L•••no longer reported | Private Equity Fund | $0 | 1 | Mar 27, 2013 |
| C••••• O••••••••• F•••no longer reported | Other Private Fund | $0 | 2 | Mar 27, 2013 |
| E••••• S•••••• S••••••••• M••••• F••• L••••••no longer reported | Hedge Fund | $0 | 0 | Mar 29, 2012 |
| E••••• G••••• O•• • G•• M••••• F••• L••••••no longer reported | Hedge Fund | $0 | 1 | Mar 29, 2012 |
| E••••• G••••• U•••••••• M••••• F••• L••••••no longer reported | Hedge Fund | $0 | 0 | Mar 29, 2012 |
| E••••• N•••• A••••••• U•••••••• M••••• F••• L••••••no longer reported | Hedge Fund | $0 | 1 | Mar 29, 2012 |
| E••••• C•••• P•••• • I••••••••• M••••• F••• L••••••no longer reported | Hedge Fund | $0 | 1 | Mar 29, 2012 |
| E••••• G••••• L••••••••• F•••no longer reported | Other Private Fund | $0 | 1 | Mar 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- N••••••• B••••• J•• · D•••••Orcontrolsince 01/2019 · owns less than 5%
- A•••••••• L•••• J•••• · Chief Compliance Officersince 11/2018 · owns less than 5%
- D• L•••••• J••••••••• · D•••••Orsince 07/2020 · owns less than 5%
Entity owners
- E••••• I••••••••• L•• · Shreholder Common Stockdirect · owns 75% or more
- F••• I• U•• L•• · General Partnerindirect · owns F of L••••• M•••••• E••••• A••••••• I• L•
- H••• H••••••• L•• · Memberindirect · owns 25% to 50% of L• T••••••• H••••••• C••••••••• L••
- L• T••••••• H••••••• C••••••••• L•• · Memberindirect · owns 25% to 50% of L• T••••••• H••••••• L••
- L• T••••••• H••••••• L•• · Memberindirect · owns 50% to 75% of T••••••••• P••••• H••••• L•• •••••••• T••••••• P••••• H••••• L•••
- L• T••••••• I••••••••• H••••••• I• C••••••••• L•• · Memberindirect · owns 50% to 75% of L• T••••••• H••••••• L••
- L• T••••••• I••••••••• H••••••• I• L•• · Managing Memberindirect · owns 50% to 75% of L• T••••••• I••••••••• H••••••• I• C••••••••• L••
- L• T••••••• I••••••••• H••••••• I••• I•• · Memberindirect · owns 25% to 50% of L• T••••••• I••••••••• H••••••• I• L••
- L••••• M•••••• E••••• A••••••• I• L• · General Partnerindirect · owns F of L••••• M•••••• E••••• P••••••• I• L•
- L••••• M•••••• E••••• A••••••• I• L• · General Partnerindirect · owns F of L••••• M•••••• E••••• P••••••• I••• L•
- L••••• M•••••• E••••• P••••••• I• L• · Memberindirect · owns 50% to 75% of L• T••••••• I••••••••• H••••••• I• L••
- L••••• M•••••• E••••• P••••••• I••• L• · Ownerindirect · owns 75% or more of L• T••••••• I••••••••• H••••••• I••• I••
- L••••• M•••••• P••••••• L•• · Managing Memberindirect · owns 75% or more of F••• I• U•• L••
- T••••••••• B••••••• L•• •••••••• T••••••• B••••••• L••• · Sole Memberindirect · owns 75% or more of E••••• I••••••••• L••
- T••••••••• P••••• H••••• L•• •••••••• T••••••• P••••• H••••• L••• · Sole Memberindirect · owns 75% or more of T••••••••• B••••••• L•• •••••••• T••••••• B••••••• L•••
Related persons
Schedule D 7.A
- E••••• A•••••••• L••investment advisernRAUM $94.5M
- E••••• D••• I• G• L••pooled vehicle sponsorn
- E••••• E• G•• L••pooled vehicle sponsorn
- E••••• E•• G•• L••pooled vehicle sponsorn
- E••••• M••••••••• L••pooled vehicle sponsorn
- T••••••• C•••••• A•••••••• L•••••investment adviserbankpooled vehicle sponsornRAUM $8.9B
- T••••••• D••••• O••••••••• G• I• L••pooled vehicle sponsorn
- T•• A•••••••investment adviserbanknRAUM $719M
- T••••••• M••••••••• L••pooled vehicle sponsorn
- T••••••••• D••• I• G• L••pooled vehicle sponsorn
- T••••••••• D••• I•• G•• L••pooled vehicle sponsorn
- T••••••••• E•• G•• L••pooled vehicle sponsorn
- T••••••••• M•••••••• C••••• G• L••pooled vehicle sponsorn
Advisers that list E••••• A••••••• L•••••• as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 15 to 16Jan 31, 2024 to Mar 30, 2024
- Corporate clients · 1 to 3Jan 31, 2024 to Mar 30, 2024
- Pooled vehicle clients · 10 to 9Jan 31, 2024 to Mar 30, 2024
- Employees · 18 to 17Jan 31, 2024 to Mar 30, 2024
- Private funds · 4 to 3Jan 31, 2024 to Mar 30, 2024
- Discretionary RAUM · $1.4B to $1.4BJan 31, 2024 to Mar 30, 2024
- Non-discretionary RAUM · $1.0M to $364,161Jan 31, 2024 to Mar 30, 2024
- Pooled vehicle RAUM · $795M to $808MJan 31, 2024 to Mar 30, 2024
- RAUM · $1.4B to $1.4BJan 31, 2024 to Mar 30, 2024
- Related broker-dealer · true to falseJan 31, 2024 to Mar 30, 2024
- Assets in custody · 356460421.0 to unsetAug 24, 2023 to Sep 21, 2023
- Custody of client assets · true to falseAug 24, 2023 to Sep 21, 2023
- Accounts · 11 to 15Mar 29, 2022 to Mar 30, 2023
- Pooled vehicle clients · 6 to 10Mar 29, 2022 to Mar 30, 2023
- Assets in custody · unset to 356460421.0Mar 29, 2022 to Mar 30, 2023
- Custody of client assets · false to trueMar 29, 2022 to Mar 30, 2023
- Employees · 16 to 18Mar 29, 2022 to Mar 30, 2023
- Private funds · 1 to 4Mar 29, 2022 to Mar 30, 2023
- Discretionary RAUM · $1.2B to $1.4BMar 29, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $2.1M to $1.0MMar 29, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $553M to $795MMar 29, 2022 to Mar 30, 2023
- RAUM · $1.2B to $1.4BMar 29, 2022 to Mar 30, 2023
- Accounts · 8 to 11May 27, 2021 to Mar 29, 2022
- Corporate clients · unset to 1.0May 27, 2021 to Mar 29, 2022
- Employees · 18 to 16May 27, 2021 to Mar 29, 2022
- Discretionary RAUM · $676M to $1.2BMay 27, 2021 to Mar 29, 2022
- Non-discretionary RAUM · $0 to $2.1MMay 27, 2021 to Mar 29, 2022
- Pooled vehicle RAUM · $465M to $553MMay 27, 2021 to Mar 29, 2022
- RAUM · $676M to $1.2BMay 27, 2021 to Mar 29, 2022
- Accounts · 9 to 8Feb 12, 2021 to Mar 30, 2021
- Pooled vehicle clients · 7 to 6Feb 12, 2021 to Mar 30, 2021
- Private funds · 2 to 1Feb 12, 2021 to Mar 30, 2021
- Discretionary RAUM · $500M to $676MFeb 12, 2021 to Mar 30, 2021
- Pooled vehicle RAUM · $406M to $465MFeb 12, 2021 to Mar 30, 2021
- RAUM · $500M to $676MFeb 12, 2021 to Mar 30, 2021
- Business name · T••••••• U• to E••••• A••••••• L••••••Jul 9, 2020 to Jul 9, 2020
- Legal name · T••••••• A••••••• U• L•••••• to E••••• A••••••• L••••••Jul 9, 2020 to Jul 9, 2020
- Accounts · 3 to 9Jan 23, 2020 to Mar 27, 2020
- Advisory employees · 6 to 9Jan 23, 2020 to Mar 27, 2020
- Pooled vehicle clients · 3 to 7Jan 23, 2020 to Mar 27, 2020
Signals
12 dated events
- Kevin Harold Birzer (Chief Executive Officer) no longer on Schedule A of E••••• A••••••• L•••••• (listed 2024-01-31, absent 2024-03-30)Mar 30, 2024 · Control person left · inference
- Paul Gary Henson (President) no longer on Schedule A of E••••• A••••••• L•••••• (listed 2024-01-31, absent 2024-03-30)Mar 30, 2024 · Control person left · inference
- Ross Michelle Johnston (Chief Financial Officer) no longer on Schedule A of E••••• A••••••• L•••••• (listed 2023-09-21, absent 2023-11-15)Nov 15, 2023 · Control person left · inference
- Gregory Preston Matthew Sallee (Director) no longer on Schedule A of E••••• A••••••• L•••••• (listed 2023-09-21, absent 2023-11-15)Nov 15, 2023 · Control person left · inference
- E••••• A••••••• L•••••• reported RAUM $1.2B, up 77% from $676.2M (2021-05-27 to 2022-03-29)Mar 29, 2022 · ria raum c••••• · derived
- E••••• A••••••• L•••••• reported RAUM $676.2M, up 35% from $499.5M (2021-02-12 to 2021-03-30)Mar 30, 2021 · ria raum c••••• · derived
- E••••• A••••••• L•••••• reported RAUM $499.5M, up 60% from $313.1M (2020-01-23 to 2020-03-27)Mar 27, 2020 · ria raum c••••• · derived
- Jean Connie Savage (Chief Operating Officer) no longer on Schedule A of E••••• A••••••• L•••••• (listed 2019-03-29, absent 2020-01-23)Jan 23, 2020 · Control person left · inference
- E••••• A••••••• L•••••• reported RAUM $313.1M, down 72% from $1.1B (2019-01-30 to 2019-03-29)Mar 29, 2019 · ria raum c••••• · derived
- Georges Vincent Barnouin (Director) no longer on Schedule A of E••••• A••••••• L•••••• (listed 2018-12-07, absent 2019-01-14)Jan 14, 2019 · Control person left · inference
- Gregory Preston Matthew Sallee (Director) appeared on Schedule A of E••••• A••••••• L••••••Jan 14, 2019 · Control person joined · fact
- Jon Brent Newcomb (Director) appeared on Schedule A of E••••• A••••••• L••••••Jan 14, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- E••••• A••••••• L•••••• · Private Equityshared crd · organization
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