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.

SEC-registered adviser

Proshare Advisors LLC

Asset manager (funds and pooled vehicles)Bethesda, MarylandCRD 134155SEC 801-64181websiteIAPD
Latest filing Mar 26, 2026
First filing on the tape Mar 30, 2012 · 28 filings
SEC status approved since Apr 14, 2005
RAUM
$85B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$8.5B
derived; firm RAUM over IAPD count
Employees
98
35 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$85B as of Mar 26, 2026
Mar 30, 2012$21B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 30, 20120 then
Employees (5.A)98 as of Mar 26, 2026
Mar 22, 201381 then
Private funds: no history
RAUM +15% over the last fiscal year+17% 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
$8.5BderivedRAUM 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
$588MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
9.8derivedItem 5.A over advisors
Advisors per office
10.0derived1 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 assetsreportedItem 5.E
Advisory activities
portfolio management for investment companies, otherreportedItem 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
  • 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
  • Investment companies$85B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
145reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=14.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Troy York GoldsteinNew York, Ny Jan 10, 202426 y2
Keith BeasleyBethesda, MdJan 10, 202417 y3
Danny Patrick ValentinoBethesda, Md Jan 10, 202426 y3
Mark Pey-Luen HsingBethesda, Md Jan 10, 202434 y5
Michael Paul WarrenBethesda, MdJan 10, 202429 y3
Edward Layton StaudermanBethesda, Md Jan 16, 202430 y2
Timothy James SalzmanBethesda, Md Jan 16, 202412 y1
Lina JuyoBethesda, MdMay 1, 202410 y2
Nicholas DeliosBethesda, Md Jan 15, 202610 y1
Sumit AgarwalBethesda, Md Mar 30, 202615 y1
Advisor movement
3 left, 2 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 30% of current headcount5 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Nicholas Alexis Depetris · Managing Director, Operations & Technologycontrol
    since 06/2019 · owns less than 5%
  • Morse Victor Frye · Chief Compliance Officercontrol
    since 01/2005 · owns less than 5%
  • Bruce Todd Johnson · Chief Investment Officercontrol
    since 12/2008 · owns less than 5%
  • Mark Louis Mayberg · Principalcontrol
    since 01/2005 · owns 25% to 50%
  • Francis Richard Morris · General Counselcontrol
    since 12/2015 · owns less than 5%
  • Lynn Michael Sapir · Chief Executive Officercontrol
    since 01/2005 · owns 25% to 50%
  • Edith Gelfand · Trusteecontrol
    since 09/2013 · owns F of Dorot
  • Carol Diane Sapir · Trusteecontrol
    since 06/2006 · owns F of Sapir Family Trust
Entity owners
  • Dorot · Member
    direct · owns 10% to 25%
  • Radcliff Ps I LLC · Shareholder
    direct · owns 10% to 25%
  • Sapir Family Trust · Member
    direct · owns 10% to 25%
Related persons
Schedule D 7.A
Advisers that list Proshare Advisors LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Bethesda, Md · principal1022
New York, Ny200
Delray, Fl001
Reynoldsburg, Oh000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 131 to 145
    Aug 28, 2025 to Mar 26, 2026
  • BD registered reps · 15 to 14
    Aug 28, 2025 to Mar 26, 2026
  • Employees · 104 to 98
    Aug 28, 2025 to Mar 26, 2026
  • Discretionary RAUM · $74B to $85B
    Aug 28, 2025 to Mar 26, 2026
  • RAUM · $74B to $85B
    Aug 28, 2025 to Mar 26, 2026
  • Accounts · 126 to 131
    May 20, 2024 to Mar 24, 2025
  • BD registered reps · 13 to 15
    May 20, 2024 to Mar 24, 2025
  • Employees · 101 to 104
    May 20, 2024 to Mar 24, 2025
  • Financial planning clients · unset to
    May 20, 2024 to Mar 24, 2025
  • Discretionary RAUM · $65B to $74B
    May 20, 2024 to Mar 24, 2025
  • RAUM · $65B to $74B
    May 20, 2024 to Mar 24, 2025
  • Accounts · 121 to 126
    Jan 8, 2024 to Mar 27, 2024
  • Advisory employees · 36 to 35
    Jan 8, 2024 to Mar 27, 2024
  • Employees · 98 to 101
    Jan 8, 2024 to Mar 27, 2024
  • Discretionary RAUM · $53B to $65B
    Jan 8, 2024 to Mar 27, 2024
  • RAUM · $53B to $65B
    Jan 8, 2024 to Mar 27, 2024
  • Accounts · 127 to 121
    Mar 31, 2022 to Mar 29, 2023
  • BD registered reps · 17 to 13
    Mar 31, 2022 to Mar 29, 2023
  • Employees · 103 to 98
    Mar 31, 2022 to Mar 29, 2023
  • Discretionary RAUM · $67B to $53B
    Mar 31, 2022 to Mar 29, 2023
  • RAUM · $67B to $53B
    Mar 31, 2022 to Mar 29, 2023
  • Accounts · 118 to 127
    Oct 28, 2021 to Mar 31, 2022
  • Advisory employees · 35 to 36
    Oct 28, 2021 to Mar 31, 2022
  • BD registered reps · 21 to 17
    Oct 28, 2021 to Mar 31, 2022
  • Employees · 108 to 103
    Oct 28, 2021 to Mar 31, 2022
  • State-registered IARs · 1 to 0
    Oct 28, 2021 to Mar 31, 2022
  • Discretionary RAUM · $43B to $67B
    Oct 28, 2021 to Mar 31, 2022
  • RAUM · $43B to $67B
    Oct 28, 2021 to Mar 31, 2022
  • Related insurance company · false to true
    Oct 28, 2021 to Mar 31, 2022
  • Accounts · 125 to 118
    Mar 30, 2020 to Mar 29, 2021
  • Advisory employees · 36 to 35
    Mar 30, 2020 to Mar 29, 2021
  • BD registered reps · 23 to 21
    Mar 30, 2020 to Mar 29, 2021
  • Employees · 113 to 108
    Mar 30, 2020 to Mar 29, 2021
  • State-registered IARs · 10 to 1
    Mar 30, 2020 to Mar 29, 2021
  • Discretionary RAUM · $33B to $43B
    Mar 30, 2020 to Mar 29, 2021
  • RAUM · $33B to $43B
    Mar 30, 2020 to Mar 29, 2021
  • Accounts · 126 to 125
    Mar 28, 2019 to Mar 30, 2020
  • Advisory employees · 40 to 36
    Mar 28, 2019 to Mar 30, 2020
  • BD registered reps · 38 to 23
    Mar 28, 2019 to Mar 30, 2020
  • Employees · 140 to 113
    Mar 28, 2019 to Mar 30, 2020
Signals
16 dated events
  • Jacob William Lieberman left Proshare Advisors Llc for Guggenheim Investments (registered 2026-08-17)
    Aug 10, 2026 · Advisor changed firm · fact
  • Matthew M Zorumski left Proshare Advisors Llc for John Hancock Investment Management Llc (registered 2026-05-28)
    May 4, 2026 · Advisor changed firm · fact
  • Sidney Davenport Lord left Proshare Advisors Llc for Hartford Funds (registered 2025-09-30)
    Oct 7, 2025 · Advisor changed firm · fact
  • Michael P Hurley left Proshare Advisors Llc for Baird Strategas Llc (registered 2025-11-21)
    Aug 29, 2025 · Advisor changed firm · fact
  • Austin M Guarino left Proshare Advisors Llc for Blackrock Investment Management, Llc (registered 2024-09-27)
    Sep 19, 2024 · Advisor changed firm · fact
  • Janecka Annette Lege (Chief Financial Officer) no longer on Schedule A of Proshare Advisors Llc (listed 2024-03-27, absent 2024-05-20)
    May 20, 2024 · Control person left · inference
  • William Patrick Breen left Proshare Advisors Llc for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2023-09-13)
    Jul 31, 2023 · Advisor changed firm · fact
  • Neil Timothy Coakley (Chief Financial Officer) no longer on Schedule A of Proshare Advisors Llc (listed 2022-03-31, absent 2023-03-29)
    Mar 29, 2023 · Control person left · inference
  • Janecka Annette Lege (Chief Financial Officer) appeared on Schedule A of Proshare Advisors Llc
    Mar 29, 2023 · Control person joined · fact
  • Michael Paul Warren left Proshare Advisors Llc for New York Life Investment Management Llc (registered 2022-09-30)
    Sep 12, 2022 · Advisor changed firm · fact
  • Jay Allan Bendesky left Proshare Advisors Llc for Schwab Wealth Advisory, Inc. (registered 2025-12-15)
    Jun 7, 2022 · Advisor changed firm · fact
  • Michael Connor Callahan left Proshare Advisors Llc for Russell Investments (registered 2022-10-21)
    May 3, 2022 · Advisor changed firm · fact
  • Proshare Advisors Llc reported RAUM $67.0B, up 54% from $43.5B (2021-10-28 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • Proshare Advisors Llc reported RAUM $43.5B, up 31% from $33.2B (2020-03-30 to 2021-03-29)
    Mar 29, 2021 · RAUM change · derived
  • Nicholas Alexis Depetris (Managing Director, Operations & Technology) appeared on Schedule A of Proshare Advisors Llc
    Mar 30, 2020 · Control person joined · fact
  • Proshare Advisors Llc reported 10 state-registered advisory representatives, up from 0 (2017-03-30 to 2018-03-28)
    Mar 28, 2018 · Advisor headcount change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/proshare-advisors-llcreportedpublic record, Form ADV, Sep 17, 2026
Website
PROSHARES.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
240-497-6400reportedpublic 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
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$8.5Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026