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

First Principles Capital Management, LLC

Former SEC-registered adviserNew York, New YorkCRD 132466SEC 801-64744IAPD
Latest filing Apr 5, 2023
First filing on the tape Apr 2, 2012 · 26 filings
RAUM
$9.1M
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
8
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$9.1M gross assets
History
26 filings and snapshots on the tape
RAUM$9.1M as of Apr 5, 2023
Apr 2, 2012$8.0B then
HNW client RAUM$306M as of Mar 31, 2022
Mar 29, 2018$138M then
State-registered IARs (5.B.3)0 as of Apr 5, 2023
Apr 2, 20120 then
Employees (5.A)8 as of Apr 5, 2023
Mar 27, 201322 then
Private funds1 as of Apr 5, 2023
Apr 2, 20125 then
RAUM -100% over the last fiscal year-89% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 5, 2023; 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
$9.1MderivedRAUM 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
-100%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-100%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
$9.1M, 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$9.1M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
1reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$9.1M for 1 clientsreported
Compensation
% of AUMreported
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
      Every departureEvery arrival
      Private funds
      9 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Liberty Maiden Funding Ltdno longer reportedOther Private Fund$420M1Apr 2, 2012
      Fpcm Inflation-Linked Opportunities Fund - AOther Private Fund$290M1Apr 2, 2012
      Fpcm Inflation-Linked Opportunities Fund - Bno longer reportedHedge Fund$92.1M1Mar 27, 2013
      Fpcm Treasury Fund I Limitedno longer reportedOther Private Fund$78.9M1Apr 2, 2012
      Fpcm Investments, LLCno longer reportedOther Private Fund$61.3M1Apr 2, 2012
      Catena Capital LLCPrivate Equity Fund$28.4M46Apr 2, 2012
      Fpcm Emerging Markets Inflation-Linked Securities Fund LPno longer reportedOther Private Fund$24.1M13Mar 27, 2013
      First Principles Structured Income Fund, LLCPrivate Equity Fund$16.2M26Mar 27, 2013
      Aig First Principles Alternative Income Fund, LLCPrivate Equity Fund$9.1M4Mar 29, 2018
      Owners and control persons
      Schedule A and B, latest filing
      • Connie Anderson · Managing Directorcontrol
        since 03/2023 · owns less than 5%
      • Kristen O'Neill · General Counselcontrol
        since 09/2020 · owns less than 5%
      • Ann Elaine Rocha · Chief Executive Officercontrol
        since 03/2023 · owns less than 5%
      • Kenneth Matthew Slomienski · Chief Compliance Officercontrol
        since 10/2020 · owns less than 5%
      Entity owners
      • Aig Capital Corporation · Sole Member
        direct · owns 75% or more
      • American International Group, Inc. · Shareholder
        indirect · owns 75% or more of Aig Capital Corporation · public reporting company
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 36 to 1
        Mar 31, 2022 to Apr 5, 2023
      • Advisory employees · 9 to 2
        Mar 31, 2022 to Apr 5, 2023
      • Advisory activities · 4 to 2
        Mar 31, 2022 to Apr 5, 2023
      • BD registered reps · 3 to 0
        Mar 31, 2022 to Apr 5, 2023
      • Charity clients · 6 to 0
        Mar 31, 2022 to Apr 5, 2023
      • Corporate clients · 15 to 0
        Mar 31, 2022 to Apr 5, 2023
      • HNW clients · 7 to 0
        Mar 31, 2022 to Apr 5, 2023
      • Pooled vehicle clients · 4 to 1
        Mar 31, 2022 to Apr 5, 2023
      • Assets in custody · $59.5M to $9.1M
        Mar 31, 2022 to Apr 5, 2023
      • Employees · 15 to 8
        Mar 31, 2022 to Apr 5, 2023
      • Private funds · 4 to 1
        Mar 31, 2022 to Apr 5, 2023
      • Discretionary RAUM · $6.5B to $9.1M
        Mar 31, 2022 to Apr 5, 2023
      • HNW RAUM · 306095793.0 to unset
        Mar 31, 2022 to Apr 5, 2023
      • Pension RAUM · 351818001.0 to unset
        Mar 31, 2022 to Apr 5, 2023
      • Pooled vehicle RAUM · $350M to $9.1M
        Mar 31, 2022 to Apr 5, 2023
      • RAUM · $6.5B to $9.1M
        Mar 31, 2022 to Apr 5, 2023
      • Accounts · 54 to 36
        Nov 12, 2021 to Mar 31, 2022
      • Advisory employees · 20 to 9
        Nov 12, 2021 to Mar 31, 2022
      • BD registered reps · 9 to 3
        Nov 12, 2021 to Mar 31, 2022
      • Charity clients · 9 to 6
        Nov 12, 2021 to Mar 31, 2022
      • Corporate clients · 14 to 15
        Nov 12, 2021 to Mar 31, 2022
      • HNW clients · 23 to 7
        Nov 12, 2021 to Mar 31, 2022
      • Assets in custody · $97.4M to $59.5M
        Nov 12, 2021 to Mar 31, 2022
      • Employees · 37 to 15
        Nov 12, 2021 to Mar 31, 2022
      • Discretionary RAUM · $7.6B to $6.5B
        Nov 12, 2021 to Mar 31, 2022
      • HNW RAUM · $406M to $306M
        Nov 12, 2021 to Mar 31, 2022
      • Pension RAUM · $414M to $352M
        Nov 12, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $401M to $350M
        Nov 12, 2021 to Mar 31, 2022
      • RAUM · $7.6B to $6.5B
        Nov 12, 2021 to Mar 31, 2022
      • Related bank · false to true
        Nov 12, 2021 to Mar 31, 2022
      • Other offices · 1 to 0
        Apr 26, 2021 to Sep 1, 2021
      • Charity clients · 12 to 9
        Dec 17, 2020 to Mar 31, 2021
      • Accounts · 59 to 54
        Dec 17, 2020 to Mar 31, 2021
      • Advisory employees · 21 to 20
        Dec 17, 2020 to Mar 31, 2021
      • Advisory activities · 6 to 4
        Dec 17, 2020 to Mar 31, 2021
      • BD registered reps · 3 to 9
        Dec 17, 2020 to Mar 31, 2021
      • Corporate clients · 12 to 14
        Dec 17, 2020 to Mar 31, 2021
      • HNW clients · 25 to 23
        Dec 17, 2020 to Mar 31, 2021
      • Assets in custody · $94.9M to $97.4M
        Dec 17, 2020 to Mar 31, 2021
      • Employees · 38 to 37
        Dec 17, 2020 to Mar 31, 2021
      Signals
      12 dated events
      • First Principles Capital Management, Llc reported RAUM $9.1M, down 100% from $6.5B (2022-03-31 to 2023-04-05)
        Apr 5, 2023 · RAUM change · derived
      • Ann Elaine Rocha (Chief Executive Officer) appeared on Schedule A of First Principles Capital Management, Llc
        Apr 5, 2023 · Control person joined · fact
      • Connie Anderson (Managing Director) appeared on Schedule A of First Principles Capital Management, Llc
        Apr 5, 2023 · Control person joined · fact
      • George John Panagakis (Chief Executive Officer) no longer on Schedule A of First Principles Capital Management, Llc (listed 2022-03-31, absent 2023-04-05)
        Apr 5, 2023 · Control person left · inference
      • M Jeanine Stampfl (Chief Financial Officer) no longer on Schedule A of First Principles Capital Management, Llc (listed 2022-03-31, absent 2023-04-05)
        Apr 5, 2023 · Control person left · inference
      • Gus Mark Alexandridis (Chief Investment Officer) no longer on Schedule A of First Principles Capital Management, Llc (listed 2021-11-12, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Kenneth Matthew Slomienski (Chief Compliance Officer) appeared on Schedule A of First Principles Capital Management, Llc
        Oct 14, 2020 · Control person joined · fact
      • Kristen O'Neill (General Counsel) appeared on Schedule A of First Principles Capital Management, Llc
        Oct 14, 2020 · Control person joined · fact
      • Roderick Stephen Miller (Chief Risk Officer) no longer on Schedule A of First Principles Capital Management, Llc (listed 2019-11-01, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • J Michael Baek (Chief Operating Officer) no longer on Schedule A of First Principles Capital Management, Llc (listed 2019-11-01, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • M Jeanine Stampfl (Chief Financial Officer) appeared on Schedule A of First Principles Capital Management, Llc
        Mar 30, 2020 · Control person joined · fact
      • George John Panagakis (Chief Executive Officer) appeared on Schedule A of First Principles Capital Management, Llc
        Nov 1, 2019 · Control person joined · fact
      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