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
C••••• C•••••• P•••••••• L•
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 42 filings
SEC status approved since Jun 3, 2004
RAUM
$1.5B
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
11
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$1.5B as of Mar 31, 2026
Mar 30, 2012$4.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20120 then
Employees (5.A)11 as of Mar 31, 2026
Apr 1, 201332 then
Private funds4 as of Mar 31, 2026
Mar 30, 20125 then
RAUM +15% over the last fiscal year-1.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; 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
- $151MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 28%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
- +15%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
- Custody
- $15.6M, 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)
- 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$884M59%
- Charitable organizations$424M28%
- Pooled investment vehicles$201M13%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 10reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $15.6M for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.72 institutional_share=0.28 related_bd=false related_bank=true bd_reps=2.0derived
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
9 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C••••• E•••• M••••• F•••• L•••no longer reported | Hedge Fund | $182M | 22 | Oct 17, 2013 |
| C••••• I••••••••• P••••••• I• L• | Hedge Fund | $149M | 31 | Mar 30, 2012 |
| C••••• O••••••• F••• •••• L••no longer reported | Hedge Fund | $60.0M | 11 | Mar 30, 2012 |
| C••••• A••• M••••• F•••• L•no longer reported | Hedge Fund | $31.2M | 21 | Mar 30, 2012 |
| C••••• H••••••••• M••••• F•••• L••• | Hedge Fund | $26.1M | 20 | Mar 30, 2016 |
| C••••• I••••••••• P••••••• I•• L• | Hedge Fund | $20.1M | 15 | Mar 30, 2012 |
| C••••• O••••••• F•••• L•• | Hedge Fund | $15.5M | 9 | Mar 30, 2012 |
| C••••• G••••• L••••••••• F•••• L•••no longer reported | Hedge Fund | $5.1M | 2 | Mar 31, 2015 |
| C•• S••• L••• | Hedge Fund | $710,629 | 19 | Mar 29, 2019 |
Owners and control persons
Schedule A and B, latest filing
- C•••••• C••••••• I•••••• · Chairman, Chief Investment Officer, Partner, Portfolio Managercontrolsince 10/2019 · owns less than 5%
- G•••••• D•••••• J••••• · Chief Compliance Officercontrolsince 05/2004 · owns less than 5%
- K••••••••• J•••• E•••••• · Chief Financial Officercontrolsince 07/2019 · owns less than 5%
- L••••••• V••••••• M•••••• · President, Chief Executive Officer, Partner, Portfolio Managercontrolsince 08/2023 · owns 10% to 25%
- C••••• K••••••• M•••• · Trustee, Ownercontrolsince 04/2017 · owns 75% or more of J•••• E• C•••• T•••• O• 2•••
- C•••••• C••••••• I•••••• · Managercontrolsince 09/1999 · owns 75% or more of C••••• C•••••• P•••••••• L••
- C•••••• C••••••• I•••••• · Trusteecontrolsince 11/2018 · owns F of J•••• E• C•••• T•••• O• 2•••
- C•••••• C••••••• I•••••• · Trusteecontrolsince 11/2012 · owns F of C•••••• I• C••••• J•• T•••• O• 2•••
- C•••••• C••••••• I•••••• · Manager, Ownercontrolsince 05/2011 · owns 75% or more of C••••• C•• L••
- L••••••• V••••••• M•••••• · Membercontrolsince 01/2024 · owns F of C••••• C•••••• P•••••••• L••
- S•••••• M••••••• · Trusteecontrolsince 11/2019 · owns F of J•••• E• C•••• T•••• O• 2•••
Entity owners
- C•••••• I• C••••• J•• T•••• O• 2••• · Limited Partnerdirect · owns less than 5%
- C••••• C•••••• P•••••••• L•• · General Partnerdirect · owns less than 5%
- C••••• C•• L•• · Limited Partnerdirect · owns 50% to 75%
- J•••• E• C•••• T•••• O• 2••• · Limited Partnerdirect · owns 10% to 25%
- J•••• E• C•••• T•••• O• 2••• · Memberindirect · owns F of C••••• C•••••• P•••••••• L••
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Mar 31, 2026institutional share of RAUM of 28% against a peer median of 0% (1506 comparable advisers, 99.0th percentile, 9.5 robust deviations)peers: asset managers, $1B to $5B (1,506) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 11 to 10Oct 15, 2025 to Mar 31, 2026
- Pooled vehicle clients · 5 to 4Oct 15, 2025 to Mar 31, 2026
- Assets in custody · $13.3M to $15.6MOct 15, 2025 to Mar 31, 2026
- Private funds · 5 to 4Oct 15, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.3B to $1.5BOct 15, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $207M to $201MOct 15, 2025 to Mar 31, 2026
- RAUM · $1.3B to $1.5BOct 15, 2025 to Mar 31, 2026
- BD registered reps · 1 to 2Mar 28, 2024 to Mar 31, 2025
- Assets in custody · $15.5M to $13.3MMar 28, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.2B to $1.3BMar 28, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $211M to $207MMar 28, 2024 to Mar 31, 2025
- RAUM · $1.2B to $1.3BMar 28, 2024 to Mar 31, 2025
- Accounts · 12 to 11Aug 31, 2023 to Mar 28, 2024
- Advisory employees · 5 to 4Aug 31, 2023 to Mar 28, 2024
- BD registered reps · 0 to 1Aug 31, 2023 to Mar 28, 2024
- Corporate clients · 1.0 to unsetAug 31, 2023 to Mar 28, 2024
- Pooled vehicle clients · 6 to 5Aug 31, 2023 to Mar 28, 2024
- Assets in custody · $26.8M to $15.5MAug 31, 2023 to Mar 28, 2024
- Employees · 14 to 11Aug 31, 2023 to Mar 28, 2024
- Private funds · 6 to 5Aug 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $1.6B to $1.2BAug 31, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $291M to $211MAug 31, 2023 to Mar 28, 2024
- RAUM · $1.6B to $1.2BAug 31, 2023 to Mar 28, 2024
- Advisory employees · 6 to 5Mar 31, 2023 to Jun 30, 2023
- BD registered reps · 2 to 0Mar 31, 2023 to Jun 30, 2023
- Employees · 17 to 14Mar 31, 2023 to Jun 30, 2023
- Accounts · 13 to 12Mar 1, 2023 to Mar 31, 2023
- Advisory employees · 9 to 6Mar 1, 2023 to Mar 31, 2023
- Assets in custody · $47.2M to $26.8MMar 1, 2023 to Mar 31, 2023
- Employees · 20 to 17Mar 1, 2023 to Mar 31, 2023
- Discretionary RAUM · $2.2B to $1.6BMar 1, 2023 to Mar 31, 2023
- Pooled vehicle RAUM · $431M to $291MMar 1, 2023 to Mar 31, 2023
- RAUM · $2.2B to $1.6BMar 1, 2023 to Mar 31, 2023
- BD registered reps · 1 to 2Mar 31, 2021 to Mar 31, 2022
- Assets in custody · $52.3M to $47.2MMar 31, 2021 to Mar 31, 2022
- Employees · 19 to 20Mar 31, 2021 to Mar 31, 2022
- Discretionary RAUM · $2.1B to $2.2BMar 31, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $487M to $431MMar 31, 2021 to Mar 31, 2022
- RAUM · $2.1B to $2.2BMar 31, 2021 to Mar 31, 2022
Signals
11 dated events
- Michael Vincent Lorusso (President, Chief Executive Officer, Portfolio Manager) appeared on Schedule A of C••••• C•••••• P•••••••• L•Aug 31, 2023 · Control person joined · fact
- Jason Michael Hearle (Chief Executive Officer, Co-Chief Investment Officer, Portfolio Manager) no longer on Schedule A of C••••• C•••••• P•••••••• L• (listed 2023-03-31, absent 2023-06-30)Jun 30, 2023 · Control person left · inference
- C••••• C•••••• P•••••••• L• reported RAUM $1.6B, down 29% from $2.2B (2023-03-01 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Susan Miriam Gross (General Counsel) no longer on Schedule A of C••••• C•••••• P•••••••• L• (listed 2022-03-31, absent 2023-03-01)Mar 1, 2023 · Control person left · inference
- M••••••• S••••• (Trustee) appeared on Schedule A of C••••• C•••••• P•••••••• L•Dec 5, 2019 · Control person joined · fact
- David J••• Asadoorian (Trustee) no longer on Schedule A of C••••• C•••••• P•••••••• L• (listed 2019-10-28, absent 2019-12-05)Dec 5, 2019 · Control person left · inference
- Jason Michael Hearle (Chief Executive Officer, Co-Chief Investment Officer, Portfolio Manager) appeared on Schedule A of C••••• C•••••• P•••••••• L•Oct 28, 2019 · Control person joined · fact
- E•••••• J••• K•••••••• (Chief Financial Officer) appeared on Schedule A of C••••• C•••••• P•••••••• L•Jul 31, 2019 · Control person joined · fact
- Edward Stephen Shorey (Chief Financial Officer) no longer on Schedule A of C••••• C•••••• P•••••••• L• (listed 2019-04-03, absent 2019-05-22)May 22, 2019 · Control person left · inference
- David J••• Asadoorian (Trustee) appeared on Schedule A of C••••• C•••••• P•••••••• L•Mar 29, 2019 · Control person joined · fact
- A S••• W•••• (Trustee) no longer on Schedule A of C••••• C•••••• P•••••••• L• (listed 2018-04-09, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- Clough Capital Partners L.P. · Family Officesshared crd · manager
How to reach
public business contact points only, each with its source
- Website
- cloughcapital.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 617-204-3400reportedpublic record, Form ADV, Mar 31, 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
- Asset manager (funds and pooled vehicles)deriveda 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