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

Cowen Advisors LLC

Former SEC-registered adviserNew York, New YorkCRD 135564SEC 801-64302IAPD
Latest filing Mar 30, 2017
First filing on the tape Mar 30, 2012 · 13 filings
RAUM
$102M
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
46
15 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
2
$65.8M gross assets
History
13 filings and snapshots on the tape
RAUM$102M as of Mar 30, 2017
Mar 30, 2012$192M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2017
Mar 22, 20130 then
Employees (5.A)46 as of Mar 30, 2017
Mar 22, 201324 then
Private funds2 as of Mar 30, 2017
Mar 30, 20123 then
RAUM -35% over the last fiscal year+16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2017; 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
$1.5MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-35%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 individuals, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$53.0M, 2 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
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
69reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$53.0M for 2 clientsreported
Compensation
% of AUM, performancereported
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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Nautilus Rmbs Cdo II, Ltd.Securitized Asset Fund$13.3M3Mar 30, 2012
      Rcg Endeavour LLCno longer reportedHedge Fund$442,1515Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • Anthony Peter Cohen · Chief Executive Officercontrol
        since 01/2016 · owns less than 5%
      • Stephen Lasota · Chief Financial Officercontrol
        since 02/2008 · owns less than 5%
      • Marc Jeffrey Solomon · Presidentcontrol
        since 01/2016 · owns less than 5%
      • Owen Littman · General Counsel
        since 06/2014 · owns less than 5%
      • J.S. Andrea Sayago · Chief Compliance Officer
        since 09/2011 · owns less than 5%
      Entity owners
      • Cowen Group, Inc. · Managing Member
        direct · owns 75% or more · public reporting company
      Related persons
      Schedule D 7.A
      • Atm Execution LLC
        broker-dealern
      • Caerus Investors Gp, LLC
        pooled vehicle sponsorn
      • Caerus Investors, LLC
        investment adviserbanknRAUM $218M
      • Cowen And Company, LLC
        broker-dealern
      • Cowen International Limited
        broker-dealern
      • Cowen Prime Advisors
        broker-dealerinvestment advisernRAUM $359M
      • Cowen Private Investments Gp LLC
        bankpooled vehicle sponsorn
      • Hcr H.O.P. Fund Gp, LLC
        pooled vehicle sponsorn
      • Hcr Stafford Fund Gp LLC
        pooled vehicle sponsorn
      • Hcrp Mgs Account Management, LLC
        investment advisern
      • Hcrp Overflow Fund Gp, LLC
        pooled vehicle sponsorn
      • Healthcare Royalty Gp II, LLC
        pooled vehicle sponsorn
      • Healthcare Royalty Gp III, LLC
        pooled vehicle sponsorn
      • Healthcare Royalty Gp, LLC
        pooled vehicle sponsorn
      • Healthcare Royalty Management, LLC
        investment advisernRAUM $3.8B
      • Margate Capital Management, LLC
        bankpooled vehicle sponsorn
      • Margate Capital Management, LP
        investment adviserbanknRAUM $117M
      • Quadratic Capital Management LLC
        investment adviserbankpooled vehicle sponsornRAUM $508M
      • Ramius Advisors, LLC
        investment adviserbankpooled vehicle sponsornRAUM $489M
      • Cowen Investment Management LLC
        investment adviserpooled vehicle sponsornRAUM $2.1B
      • Ramius Trading Strategies LLC
        investment adviserbankpooled vehicle sponsornRAUM $52.6M
      • Ramius Uk Limited
        investment advisern
      • Rcg Flats Manager LLC
        pooled vehicle sponsorn
      • Rcg Longview
        investment adviserpooled vehicle sponsornRAUM $130M
      • Rcg Longview Debt Fund IV Pa Psers Gp, LLC
        pooled vehicle sponsorn
      • Rcg Longview Debt Fund IV Partners LLC
        pooled vehicle sponsorn
      • Rcg Longview Debt Fund V Partners, LLC
        pooled vehicle sponsorn
      • Rcg Longview Debt Fund Vi Partners, LLC
        pooled vehicle sponsorn
      • Rcg Longview
        investment adviserpooled vehicle sponsornRAUM $398M
      • Rcg Longview Equity Partners Pa Psers, LLC
        pooled vehicle sponsorn
      Advisers that list Cowen Advisors LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY
      What changed
      consecutive filings, newest first
      • Accounts · 80 to 69
        Oct 19, 2016 to Mar 30, 2017
      • Advisory employees · 13 to 15
        Oct 19, 2016 to Mar 30, 2017
      • BD registered reps · 9 to 16
        Oct 19, 2016 to Mar 30, 2017
      • Assets in custody · $53.4M to $53.0M
        Oct 19, 2016 to Mar 30, 2017
      • Employees · 36 to 46
        Oct 19, 2016 to Mar 30, 2017
      • Private funds · 3 to 2
        Oct 19, 2016 to Mar 30, 2017
      • Discretionary RAUM · $157M to $102M
        Oct 19, 2016 to Mar 30, 2017
      • RAUM · $157M to $102M
        Oct 19, 2016 to Mar 30, 2017
      • Accounts · 91 to 80
        Oct 5, 2016 to Oct 19, 2016
      • Advisory employees · 7 to 13
        Oct 5, 2016 to Oct 19, 2016
      • BD registered reps · 7 to 9
        Oct 5, 2016 to Oct 19, 2016
      • Business name · COWEN STRUCTURED CREDIT GROUP LLC to COWEN ADVISORS LLC
        Oct 5, 2016 to Oct 19, 2016
      • Assets in custody · $51.7M to $53.4M
        Oct 5, 2016 to Oct 19, 2016
      • Employees · 30 to 36
        Oct 5, 2016 to Oct 19, 2016
      • Discretionary RAUM · $158M to $157M
        Oct 5, 2016 to Oct 19, 2016
      • RAUM · $158M to $157M
        Oct 5, 2016 to Oct 19, 2016
      • Legal name · COWEN STRUCTURED CREDIT GROUP LLC to COWEN ADVISORS LLC
        Jun 3, 2016 to Oct 5, 2016
      • Accounts · 81 to 91
        Mar 31, 2015 to Mar 30, 2016
      • Advisory employees · 1 to 7
        Mar 31, 2015 to Mar 30, 2016
      • BD registered reps · 1 to 7
        Mar 31, 2015 to Mar 30, 2016
      • Assets in custody · unset to 51658705.0
        Mar 31, 2015 to Mar 30, 2016
      • Custody of client assets · false to true
        Mar 31, 2015 to Mar 30, 2016
      • Employees · 24 to 30
        Mar 31, 2015 to Mar 30, 2016
      • Private funds · 2 to 3
        Mar 31, 2015 to Mar 30, 2016
      • Discretionary RAUM · $120M to $158M
        Mar 31, 2015 to Mar 30, 2016
      • RAUM · $120M to $158M
        Mar 31, 2015 to Mar 30, 2016
      • Accounts · 2 to 81
        Feb 12, 2015 to Mar 31, 2015
      • Advisory employees · 3 to 1
        Feb 12, 2015 to Mar 31, 2015
      • Advisory activities · 1 to 2
        Feb 12, 2015 to Mar 31, 2015
      • BD registered reps · 3 to 1
        Feb 12, 2015 to Mar 31, 2015
      • Business name · RAMIUS STRUCTURED CREDIT GROUP LLC to COWEN STRUCTURED CREDIT GROUP LLC
        Feb 12, 2015 to Mar 31, 2015
      • Discretionary RAUM · $65.6M to $120M
        Feb 12, 2015 to Mar 31, 2015
      • RAUM · $65.6M to $120M
        Feb 12, 2015 to Mar 31, 2015
      • Accounts · 3 to 2
        Mar 14, 2014 to Feb 12, 2015
      • Assets in custody · 442151.0 to unset
        Mar 14, 2014 to Feb 12, 2015
      • Custody of client assets · true to false
        Mar 14, 2014 to Feb 12, 2015
      • Private funds · 3 to 2
        Mar 14, 2014 to Feb 12, 2015
      • Discretionary RAUM · $66.0M to $65.6M
        Mar 14, 2014 to Feb 12, 2015
      • RAUM · $66.0M to $65.6M
        Mar 14, 2014 to Feb 12, 2015
      • Legal name · RAMIUS STRUCTURED CREDIT GROUP LLC to COWEN STRUCTURED CREDIT GROUP LLC
        Feb 12, 2015 to Feb 12, 2015
      Signals
      No event on the tape.
      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