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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Former SEC-registered adviser

B•••• C•••••• P••••••• M••••••••• C•••••• I•• L••

Former SEC-registered adviserMilwaukee, WisconsinCRD 136678SEC 801-64612IAPD
Latest filing Mar 21, 2018
First filing on the tape Apr 5, 2012 · 11 filings
RAUM
$25.3M
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
10
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
$20.9M gross assets
History
11 filings and snapshots on the tape
RAUM$25.3M as of Mar 21, 2018
Apr 5, 2012$175M then
HNW client RAUM: no history
State-registered IARs (5.B.3)5 as of Mar 21, 2018
Mar 18, 201315 then
Employees (5.A)10 as of Mar 21, 2018
Mar 18, 201315 then
Private funds2 as of Mar 21, 2018
Apr 5, 20122 then
RAUM -17% over the last fiscal year-39% a year over threeIARs 7 to 5
Practice profile
derived from the filing of Mar 21, 2018; every figure names its basis
RAUM per advisor
$5.1MderivedRAUM 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
$8.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-17%derivedbetween the last two annual amendments
Advisor growth, one year
-29%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$20.9M83%
  • Investment companies$4.4M17%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      B•••• C•••••• P••••••• I• L•••••• P•••••••••Private Equity Fund$17.3M65Apr 5, 2012
      B•• I• S•••••• A••••••••• L•••••• P•••••••••Private Equity Fund$3.6M80Apr 5, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • P•••••• A•••••• M•••• · Chief Compliance Officercontrol
        since 03/2014 · owns less than 5%
      • P••• G•••••• G••••• · Member, Inv. Committee Member, P••••••••control
        since 08/2004 · owns less than 5%
      • B••••••••• M••••••• E••• · Member, Investment Committee Member, P••••••••
        since 12/2014 · owns less than 5%
      • B••••• S•••••• G•••••• · Member, Investment Committee Member
        since 01/2014 · owns less than 5%
      • B•••••••• C••••••• A••••• · Member, Inv. Committee Member, P••••••••
        since 08/2004 · owns less than 5%
      • O••••••• R•••••• D•••••• · Member, Investment Committee Member
        since 02/2012 · owns less than 5%
      • P••••••• P•••• E••••• · Member, Investment Committee Member
        since 08/2004 · owns less than 5%
      • S••••••• P•••• L•• · Secretary And Chief Legal Officer
        since 08/2004 · owns less than 5%
      Entity owners
      • R••••• W• B•••• • C•• I••••••••• · Member
        direct · owns 75% or more
      • B•••• F•••••••• C••••••••• · Shareholder
        indirect · owns 75% or more of R••••• W• B•••• • C•• I•••••••••
      • B•••• F•••••••• G•••• I••• · Shareholder
        indirect · owns 75% or more of B•••• H•••••• C••••••
      • B•••• H•••••• C•••••• · Shareholder
        indirect · owns 75% or more of B•••• F•••••••• C•••••••••
      Related persons
      Schedule D 7.A
      Advisers that list B•••• C•••••• P••••••• M••••••••• C•••••• I•• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL4 employees
      What changed
      consecutive filings, newest first
      • BD registered reps · 7 to 5
        Mar 13, 2017 to Mar 21, 2018
      • Pooled vehicle clients · unset to 2.0
        Mar 13, 2017 to Mar 21, 2018
      • Employees · 13 to 10
        Mar 13, 2017 to Mar 21, 2018
      • State-registered IARs · 7 to 5
        Mar 13, 2017 to Mar 21, 2018
      • Other offices · unset to 1.0
        Mar 13, 2017 to Mar 21, 2018
      • Discretionary RAUM · $30.6M to $25.3M
        Mar 13, 2017 to Mar 21, 2018
      • Pooled vehicle RAUM · unset to 20891000.0
        Mar 13, 2017 to Mar 21, 2018
      • RAUM · $30.6M to $25.3M
        Mar 13, 2017 to Mar 21, 2018
      • Advisory employees · 6 to 4
        Mar 18, 2016 to Mar 13, 2017
      • BD registered reps · 10 to 7
        Mar 18, 2016 to Mar 13, 2017
      • Employees · 15 to 13
        Mar 18, 2016 to Mar 13, 2017
      • State-registered IARs · 10 to 7
        Mar 18, 2016 to Mar 13, 2017
      • Discretionary RAUM · $90.0M to $30.6M
        Mar 18, 2016 to Mar 13, 2017
      • RAUM · $90.0M to $30.6M
        Mar 18, 2016 to Mar 13, 2017
      • Discretionary RAUM · $113M to $90.0M
        Jun 24, 2015 to Mar 18, 2016
      • RAUM · $113M to $90.0M
        Jun 24, 2015 to Mar 18, 2016
      • Advisory employees · 4 to 6
        Mar 25, 2014 to Mar 26, 2015
      • Discretionary RAUM · $173M to $113M
        Mar 25, 2014 to Mar 26, 2015
      • RAUM · $173M to $113M
        Mar 25, 2014 to Mar 26, 2015
      • BD registered reps · 15 to 10
        Jul 26, 2013 to Mar 25, 2014
      • State-registered IARs · 15 to 10
        Jul 26, 2013 to Mar 25, 2014
      • Discretionary RAUM · $208M to $173M
        Jul 26, 2013 to Mar 25, 2014
      • RAUM · $208M to $173M
        Jul 26, 2013 to Mar 25, 2014
      • Discretionary RAUM · $207M to $208M
        Apr 2, 2013 to Jul 26, 2013
      • RAUM · $207M to $208M
        Apr 2, 2013 to Jul 26, 2013
      • Advisory employees · unset to 4.0
        Apr 5, 2012 to Mar 18, 2013
      • BD registered reps · unset to 15.0
        Apr 5, 2012 to Mar 18, 2013
      • Employees · unset to 15.0
        Apr 5, 2012 to Mar 18, 2013
      • State-registered IARs · unset to 15.0
        Apr 5, 2012 to Mar 18, 2013
      • Discretionary RAUM · $175M to $207M
        Apr 5, 2012 to Mar 18, 2013
      • RAUM · $175M to $207M
        Apr 5, 2012 to Mar 18, 2013
      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