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

P••••••• F•••• A•••••• L••

Asset manager (funds and pooled vehicles)Albany, New YorkCRD 136481SEC 801-64574websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 29, 2012 · 24 filings
SEC status approved since Aug 19, 2005
RAUM
$305M
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
12
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$305M as of Mar 30, 2026
Mar 29, 2012$246M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 30, 2026
Mar 29, 20120 then
Employees (5.A)12 as of Mar 30, 2026
Mar 22, 201325 then
Private funds: no history
RAUM -13% over the last fiscal year+6.1% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
RAUM per advisor
$153MderivedRAUM 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
$102MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
1.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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)
  • 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$305M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
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=false bd_reps=5.0derived
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••••• · Senior Vice President, Chief Financial Officer, Directorcontrol
        since 01/2007 · owns less than 5%
      • F•••••• C•••• A•••••• · Director And Vice Chairmancontrol
        since 01/2008 · owns less than 5%
      • M•••••• G••••• A••• · Chief Compliance Officercontrol
        since 12/2022 · owns less than 5%
      • W•••• A•••••• F••••• · Shareholder/Director/Senior Vice President/Portfolio Managercontrol
        since 09/2008 · owns 10% to 25%
      • W•••• C••••••• K••• · Shareholder/Director/Ceo/Cio/Portfolio Managercontrol
        since 07/2005 · owns 50% to 75%
      • W•••• K••••••••• B•••••••• · Shareholder
        since 07/2005 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      Advisers that list P••••••• F•••• A•••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY2 employees
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $349M to $305M
        Jul 1, 2025 to Mar 30, 2026
      • RAUM · $349M to $305M
        Jul 1, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to Jul 1, 2025
      • Assets in custody · 0.0 to unset
        Aug 7, 2024 to Mar 31, 2025
      • Employees · 13 to 12
        Aug 7, 2024 to Mar 31, 2025
      • Discretionary RAUM · $316M to $349M
        Aug 7, 2024 to Mar 31, 2025
      • RAUM · $316M to $349M
        Aug 7, 2024 to Mar 31, 2025
      • Advisory employees · 6 to 7
        Mar 30, 2023 to Mar 27, 2024
      • Employees · 11 to 13
        Mar 30, 2023 to Mar 27, 2024
      • Insurance-licensed employees · 0 to 2
        Mar 30, 2023 to Mar 27, 2024
      • Discretionary RAUM · $255M to $316M
        Mar 30, 2023 to Mar 27, 2024
      • RAUM · $255M to $316M
        Mar 30, 2023 to Mar 27, 2024
      • Advisory employees · 7 to 6
        Jan 4, 2023 to Mar 30, 2023
      • BD registered reps · 4 to 5
        Jan 4, 2023 to Mar 30, 2023
      • Employees · 12 to 11
        Jan 4, 2023 to Mar 30, 2023
      • State-registered IARs · 1 to 2
        Jan 4, 2023 to Mar 30, 2023
      • Discretionary RAUM · $382M to $255M
        Jan 4, 2023 to Mar 30, 2023
      • RAUM · $382M to $255M
        Jan 4, 2023 to Mar 30, 2023
      • BD registered reps · 5 to 4
        Apr 29, 2021 to Mar 31, 2022
      • Employees · 15 to 12
        Apr 29, 2021 to Mar 31, 2022
      • Discretionary RAUM · $219M to $382M
        Apr 29, 2021 to Mar 31, 2022
      • RAUM · $219M to $382M
        Apr 29, 2021 to Mar 31, 2022
      • Employees · 14 to 15
        Mar 30, 2020 to Mar 31, 2021
      • Discretionary RAUM · $155M to $219M
        Mar 30, 2020 to Mar 31, 2021
      • RAUM · $155M to $219M
        Mar 30, 2020 to Mar 31, 2021
      • Accounts · 4 to 3
        Oct 25, 2019 to Mar 30, 2020
      • Discretionary RAUM · $132M to $155M
        Oct 25, 2019 to Mar 30, 2020
      • RAUM · $132M to $155M
        Oct 25, 2019 to Mar 30, 2020
      • BD registered reps · 6 to 5
        Mar 11, 2019 to Oct 25, 2019
      • Discretionary RAUM · $130M to $132M
        Mar 11, 2019 to Oct 25, 2019
      • RAUM · $130M to $132M
        Mar 11, 2019 to Oct 25, 2019
      • Advisory employees · 9 to 7
        Mar 15, 2018 to Mar 11, 2019
      • BD registered reps · 5 to 6
        Mar 15, 2018 to Mar 11, 2019
      • Employees · 17 to 14
        Mar 15, 2018 to Mar 11, 2019
      • State-registered IARs · 0 to 1
        Mar 15, 2018 to Mar 11, 2019
      • Discretionary RAUM · $142M to $130M
        Mar 15, 2018 to Mar 11, 2019
      • RAUM · $142M to $130M
        Mar 15, 2018 to Mar 11, 2019
      • Advisory employees · 8 to 9
        Mar 29, 2017 to Mar 15, 2018
      • BD registered reps · 4 to 5
        Mar 29, 2017 to Mar 15, 2018
      • Employees · 15 to 17
        Mar 29, 2017 to Mar 15, 2018
      Signals
      8 dated events
      • P••••••• F•••• A•••••• L•• reported RAUM $255.4M, down 33% from $382.2M (2023-01-04 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Alan Gregg Miller (Chief Compliance Officer) appeared on Schedule A of P••••••• F•••• A•••••• L••
        Jan 4, 2023 · Control person joined · fact
      • Elizabeth Sara Spychalski (Chief Compliance Officer) no longer on Schedule A of P••••••• F•••• A•••••• L•• (listed 2022-03-31, absent 2023-01-04)
        Jan 4, 2023 · Control person left · inference
      • P••••••• F•••• A•••••• L•• reported RAUM $382.2M, up 75% from $218.9M (2021-04-29 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Elizabeth Sara Spychalski (Chief Compliance Officer) appeared on Schedule A of P••••••• F•••• A•••••• L••
        Mar 31, 2022 · Control person joined · fact
      • H•••• T••••• S••••• (Chief Compliance Officer) no longer on Schedule A of P••••••• F•••• A•••••• L•• (listed 2021-04-29, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Albert Robert Benton (Senior Vice President, Chief Financial Officer, Director) appeared on Schedule A of P••••••• F•••• A•••••• L••
        Mar 30, 2020 · Control person joined · fact
      • H•••• T••••• S••••• (Chief Compliance Officer) appeared on Schedule A of P••••••• F•••• A•••••• L••
        Oct 25, 2019 · 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/paradigm-capital-management-increportedpublic record, Form ADV, Sep 18, 2026
      Website
      P•••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      518-431-3500reportedpublic record, Form ADV, Mar 30, 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