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
F••••• C•••••• M••••••••• L••
Latest filing Mar 26, 2026
First filing on the tape Mar 27, 2012 · 25 filings
SEC status approved since Jan 27, 2006
RAUM
$11B
reported, Item 5.F
Discretionary
90%
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
47
15 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$11B as of Mar 26, 2026
Mar 27, 2012$2.5B then
HNW client RAUM$0 as of Mar 26, 2026
Mar 26, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 27, 20130 then
Employees (5.A)47 as of Mar 26, 2026
Mar 27, 201312 then
Private funds1 as of Mar 26, 2026
Mar 27, 20131 then
RAUM +0.7% over the last fiscal year+3.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 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
- $857MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 53%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
- +0.7%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 vehiclesreportedItem 5.G
- Custody
- $5.2B, 3 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- 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$5.2B47%
- Sovereign wealth funds$5.1B46%
- Insurance companies$778M7.0%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 13reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $5.2B for 3 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.47 institutional_share=0.53 related_bd=false related_bank=false bd_reps=0.0derived
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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• J••••••• W•••••• · Chief Compliance Officer, Chief Operating Officercontrolsince 09/2004 · owns less than 5%
- D••••• A•••• L••••• · Managing Principalcontrolsince 03/2015 · owns less than 5%
- G••••• C••••••• N•••• · General Counselcontrolsince 11/2010 · owns less than 5%
- H•••••••• B••••• T••••• · Managing Principalcontrolsince 10/2010 · owns less than 5%
- S••• J•••• S•••• · Managing Membercontrolsince 10/2001 · owns 50% to 75%
- S••• N•••••• M•••••• · Managing Membercontrolsince 10/2001 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 15 to 13Mar 28, 2025 to Mar 26, 2026
- Pooled vehicle clients · 7 to 5Mar 28, 2025 to Mar 26, 2026
- Assets in custody · $1.9B to $5.2BMar 28, 2025 to Mar 26, 2026
- Employees · 41 to 47Mar 28, 2025 to Mar 26, 2026
- Discretionary RAUM · $10B to $10BMar 28, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $935M to $1.1BMar 28, 2025 to Mar 26, 2026
- Pooled vehicle RAUM · $6.2B to $5.2BMar 28, 2025 to Mar 26, 2026
- RAUM · $11B to $11BMar 28, 2025 to Mar 26, 2026
- Accounts · 13 to 15Jul 31, 2024 to Mar 28, 2025
- Advisory employees · 13 to 15Jul 31, 2024 to Mar 28, 2025
- Pooled vehicle clients · 6 to 7Jul 31, 2024 to Mar 28, 2025
- Assets in custody · $0 to $1.9BJul 31, 2024 to Mar 28, 2025
- Employees · 37 to 41Jul 31, 2024 to Mar 28, 2025
- Financial planning clients · unset to Jul 31, 2024 to Mar 28, 2025
- Private funds · unset to 1Jul 31, 2024 to Mar 28, 2025
- Discretionary RAUM · $9.5B to $10BJul 31, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $1.5B to $935MJul 31, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $5.6B to $6.2BJul 31, 2024 to Mar 28, 2025
- RAUM · $11B to $11BJul 31, 2024 to Mar 28, 2025
- Assets in custody · unset to 0.0Mar 28, 2024 to Jul 31, 2024
- Custody of client assets · false to trueMar 28, 2024 to Jul 31, 2024
- Accounts · 12 to 13Mar 27, 2023 to Mar 28, 2024
- Advisory employees · 14 to 13Mar 27, 2023 to Mar 28, 2024
- Pooled vehicle clients · 5 to 6Mar 27, 2023 to Mar 28, 2024
- Employees · 35 to 37Mar 27, 2023 to Mar 28, 2024
- Discretionary RAUM · $8.6B to $9.5BMar 27, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $1.5B to $1.5BMar 27, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $5.2B to $5.6BMar 27, 2023 to Mar 28, 2024
- RAUM · $10B to $11BMar 27, 2023 to Mar 28, 2024
- Accounts · 11 to 12Mar 28, 2022 to Mar 27, 2023
- Advisory employees · 13 to 14Mar 28, 2022 to Mar 27, 2023
- Employees · 31 to 35Mar 28, 2022 to Mar 27, 2023
- Discretionary RAUM · $8.8B to $8.6BMar 28, 2022 to Mar 27, 2023
- Non-discretionary RAUM · $445M to $1.5BMar 28, 2022 to Mar 27, 2023
- Pooled vehicle RAUM · $5.4B to $5.2BMar 28, 2022 to Mar 27, 2023
- RAUM · $9.2B to $10BMar 28, 2022 to Mar 27, 2023
- Discretionary RAUM · $8.0B to $8.8BMar 23, 2021 to Mar 28, 2022
- Non-discretionary RAUM · $374M to $445MMar 23, 2021 to Mar 28, 2022
- Pooled vehicle RAUM · $4.6B to $5.4BMar 23, 2021 to Mar 28, 2022
- RAUM · $8.3B to $9.2BMar 23, 2021 to Mar 28, 2022
Signals
1 dated events
- Joohun Michael Seo (Chief Technology Officer) no longer on Schedule A of F••••• C•••••• M••••••••• L•• (listed 2019-03-28, absent 2020-03-25)Mar 25, 2020 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- F••••• C•••••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Website
- H•••://WWW.FCM.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 203-454-6800reportedpublic record, Form ADV, Mar 26, 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
- Other 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