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
R•••• R••• A•••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 38 filings
SEC status approved since Apr 28, 2005
RAUM
$9.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.9%
$86.6M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
46
22 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$9.9B as of Mar 31, 2026
Mar 30, 2012$5.6B then
HNW client RAUM$86.6M as of Mar 31, 2026
Mar 29, 2018$258M then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20130 then
Employees (5.A)46 as of Mar 31, 2026
Mar 28, 201343 then
Private funds: no history
RAUM +23% over the last fiscal year+8.1% 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
- $4.1MderivedHNW RAUM over HNW clients
- Average account
- $106MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 34%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
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$4.5B45%
- Pooled investment vehicles$1.8B18%
- Pension and profit-sharing plans$1.6B16%
- State and municipal entities$1.5B15%
- Charitable organizations$262M2.7%
- Corporations and businesses$128M1.3%
- High-net-worth individuals$86.6M0.9%
- Individual clients
- 0reported
- HNW clients
- 21reported
- Pension plan clients
- 22reported
- Charitable clients
- 16reported
- Accounts
- 93reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.01 fund_share=0.64 institutional_share=0.34 related_bd=true related_bank=true bd_reps=1.0derived
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•••• R••••••• A••••• · Ceo, Senior Portfolio Managercontrolsince 03/2005 · owns less than 5%
- B••••••• E••••••••• A••••• · Chief Organizational Development Officercontrolsince 02/2015 · owns less than 5%
- D•••••• G•••• E••••• · Chief Investment Risk & Analytics Officercontrolsince 02/2012 · owns less than 5%
- M••••••• T•••••• D••••• · Coo, Chief Compliance Officercontrolsince 03/2005 · owns less than 5%
- W••••••••• R••••• · Chief Business Development Officercontrolsince 12/2019 · owns less than 5%
- B••••• J•••• A•••••••• · Chief Investment Officersince 02/2021 · owns less than 5%
Entity owners
- A••••••••• M••••••• G••••• I••• · Memberindirect · owns 75% or more of R••• A••••••••• L•• · public reporting company
- R••• A••••••••• L•• · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- A•• D••••••••• I•••broker-dealern
- A•• F•••• L••investment adviserbankpooled vehicle sponsornRAUM $18B
Advisers that list R•••• R••• A•••• M••••••••• L•• as a related person
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 34% against a peer median of 0% (684 comparable advisers, 98.0th percentile, 11.4 robust deviations)peers: asset managers, $5B to $20B (684) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 80 to 93Nov 18, 2025 to Mar 31, 2026
- Charity clients · 12 to 16Nov 18, 2025 to Mar 31, 2026
- Pension plan clients · 21 to 22Nov 18, 2025 to Mar 31, 2026
- Pooled vehicle clients · 6 to 11Nov 18, 2025 to Mar 31, 2026
- Employees · 44 to 46Nov 18, 2025 to Mar 31, 2026
- Discretionary RAUM · $8.0B to $9.9BNov 18, 2025 to Mar 31, 2026
- HNW RAUM · $90.3M to $86.6MNov 18, 2025 to Mar 31, 2026
- Pension RAUM · $1.7B to $1.6BNov 18, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $414M to $1.8BNov 18, 2025 to Mar 31, 2026
- RAUM · $8.0B to $9.9BNov 18, 2025 to Mar 31, 2026
- Financial planning clients · unset to Mar 19, 2025 to Jun 13, 2025
- Accounts · 93 to 80Mar 28, 2024 to Mar 19, 2025
- Advisory employees · 19 to 22Mar 28, 2024 to Mar 19, 2025
- Charity clients · 13 to 12Mar 28, 2024 to Mar 19, 2025
- HNW clients · 31 to 21Mar 28, 2024 to Mar 19, 2025
- Pension plan clients · 22 to 21Mar 28, 2024 to Mar 19, 2025
- Pooled vehicle clients · 7 to 6Mar 28, 2024 to Mar 19, 2025
- Discretionary RAUM · $7.7B to $8.0BMar 28, 2024 to Mar 19, 2025
- HNW RAUM · $98.0M to $90.3MMar 28, 2024 to Mar 19, 2025
- Pension RAUM · $1.7B to $1.7BMar 28, 2024 to Mar 19, 2025
- Pooled vehicle RAUM · $530M to $414MMar 28, 2024 to Mar 19, 2025
- RAUM · $7.7B to $8.0BMar 28, 2024 to Mar 19, 2025
- Accounts · 111 to 93Mar 30, 2023 to Mar 28, 2024
- Advisory employees · 23 to 19Mar 30, 2023 to Mar 28, 2024
- Charity clients · 14 to 13Mar 30, 2023 to Mar 28, 2024
- HNW clients · 43 to 31Mar 30, 2023 to Mar 28, 2024
- Individual clients · unset to 0.0Mar 30, 2023 to Mar 28, 2024
- Pension plan clients · 24 to 22Mar 30, 2023 to Mar 28, 2024
- Pooled vehicle clients · 8 to 7Mar 30, 2023 to Mar 28, 2024
- Employees · 50 to 44Mar 30, 2023 to Mar 28, 2024
- Discretionary RAUM · $7.8B to $7.7BMar 30, 2023 to Mar 28, 2024
- HNW RAUM · $136M to $98.0MMar 30, 2023 to Mar 28, 2024
- Individual RAUM · $685,811 to $0Mar 30, 2023 to Mar 28, 2024
- Pension RAUM · $1.5B to $1.7BMar 30, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $999M to $530MMar 30, 2023 to Mar 28, 2024
- RAUM · $7.8B to $7.7BMar 30, 2023 to Mar 28, 2024
- Accounts · 115 to 111Nov 3, 2022 to Mar 30, 2023
- Advisory employees · 21 to 23Nov 3, 2022 to Mar 30, 2023
- HNW clients · 42 to 43Nov 3, 2022 to Mar 30, 2023
- Pooled vehicle clients · 12 to 8Nov 3, 2022 to Mar 30, 2023
Signals
7 dated events
- Stephen Thomas Forsha (Co-Chief Investment Officer & Senior Portfolio Manager) no longer on Schedule A of R•••• R••• A•••• M••••••••• L•• (listed 2023-03-30, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Williams Henry Sanders (Evp, Senior Portfolio Manager) no longer on Schedule A of R•••• R••• A•••• M••••••••• L•• (listed 2023-03-30, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- R•••• R••• A•••• M••••••••• L•• reported RAUM $9.8B, up 33% from $7.4B (2021-11-11 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Robert Wainwright (Chief Business Development Officer) appeared on Schedule A of R•••• R••• A•••• M••••••••• L••Mar 30, 2020 · Control person joined · fact
- R•••• R••• A•••• M••••••••• L•• reported RAUM $6.7B, up 58% from $4.2B (2019-04-05 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Carl James Shircliff (Cio) no longer on Schedule A of R•••• R••• A•••• M••••••••• L•• (listed 2019-04-05, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Aubrey Elizabeth Brenner (Director Of Strategic Human Resources) appeared on Schedule A of R•••• R••• A•••• M••••••••• L••Mar 30, 2020 · Control person joined · fact
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/river-road-asset-managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 502-371-4100reportedpublic 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