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
Fulcrum Asset Management Llp
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 31 filings
SEC status approved since Mar 29, 2011
RAUM
$69B
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
101
39 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
7
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$69B as of Mar 31, 2026
Jun 28, 2012$3.1B then
HNW client RAUM$0 as of Mar 31, 2026
Mar 28, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 7, 20130 then
Employees (5.A)101 as of Mar 31, 2026
Mar 7, 201343 then
Private funds7 as of Mar 31, 2026
Jun 28, 20125 then
RAUM +138% over the last fiscal year+33% 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
- unknownderivedHNW RAUM over HNW clients
- Average account
- $2.7BderivedRAUM 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
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +138%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 businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $9.7B, 26 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
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$48B70%
- Other investment advisers$16B23%
- Investment companies$4.7B6.8%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 26reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $9.7B for 26 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
15 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
- Maurice Andrew Bevan · Partnercontrolsince 02/2013 · owns less than 5%
- Piotr Chmielowski · Partnercontrolsince 06/2018 · owns less than 5%
- Joseph Davidson · Managing Partner & Coocontrolsince 01/2010 · owns less than 5%
- Gavyn Davies · Founder Partner And Executive Chairmancontrolsince 06/2005 · owns 25% to 50%
- Suhail Shaikh · Parnter & Chief Investment Officercontrolsince 11/2006 · owns 5% to 10%
- David Andrew Stevens · Founder Partnercontrolsince 12/2003 · owns 25% to 50%
- Ruscombe Jago Westmacott · Partnercontrolsince 06/2018 · owns less than 5%
- Gavyn Davies · Shareholdercontrolsince 07/2004 · owns 50% to 75% of Fulcrum Asset Management Ltd, Cayman
- David Andrew Stevens · Shareholdercontrolsince 12/2003 · owns 50% to 75% of Fulcrum Asset Management Ltd, Cayman
- Altaf Fawaz Chaudhry · Partnersince 04/2021 · owns less than 5%
- John Steven Crewe · Partnersince 04/2021 · owns less than 5%
- Jose Antolin Juan Diaz · Partner & Head Of Researchsince 04/2022 · owns less than 5%
- James Patrick Forde · Partner & Head Of Tradingsince 04/2023 · owns less than 5%
- David Strother Philip · Partner & Head Of Portfolio Engineeringsince 04/2022 · owns less than 5%
- Emma Pickering · Parnter And Head Of Investor Relationssince 04/2022 · owns less than 5%
- Matthew Roberts · Partnersince 01/2018 · owns less than 5%
- Matthew Wright · Partnersince 04/2021 · owns less than 5%
Entity owners
- Fam Services Ltd · Corporate Memberdirect · owns less than 5%
- Fulcrum Asset Management Ltd, Cayman · Shareholderindirect · owns 75% or more of Fam Services Ltd
Related persons
Schedule D 7.A
- Fulcrum Asset Management Limitedinvestment advisery
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 31, 2026custody of client assets (Item 9.A): no on the filing of 2025-12-03, yes on the filing of 2026-03-31peers: asset managers, $20B and over (512)
- private fund count surgeChange between filings · filing Mar 31, 2026private funds (Schedule D 7.B.1) moved from 4.0 to 7.0 (+75.0%) between the annual amendments of 2025-04-04 and 2026-03-31; the peer median change was +5.0% (319 comparable advisers, 97.0th percentile of changes)peers: asset managers, $20B and over (319) · 97% percentile
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $29,046,240,268 to $69,085,960,016 (+138.0%) between the annual amendments of 2025-04-04 and 2026-03-31; the peer median change was +15.0% (471 comparable advisers, 99.0th percentile of changes)peers: asset managers, $20B and over (471) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 30 to 26Dec 3, 2025 to Mar 31, 2026
- Advisory employees · 37 to 39Dec 3, 2025 to Mar 31, 2026
- Pooled vehicle clients · 23 to 20Dec 3, 2025 to Mar 31, 2026
- Assets in custody · unset to 9653183755.0Dec 3, 2025 to Mar 31, 2026
- Custody of client assets · false to trueDec 3, 2025 to Mar 31, 2026
- Discretionary RAUM · $29B to $69BDec 3, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $20B to $48BDec 3, 2025 to Mar 31, 2026
- RAUM · $29B to $69BDec 3, 2025 to Mar 31, 2026
- Private funds · 4 to 7Oct 14, 2025 to Dec 3, 2025
- Financial planning clients · unset to Apr 4, 2025 to Jun 20, 2025
- Accounts · 28 to 30Aug 27, 2024 to Apr 4, 2025
- Advisory employees · 44 to 37Aug 27, 2024 to Apr 4, 2025
- Employees · 105 to 101Aug 27, 2024 to Apr 4, 2025
- HQ state · unset to Aug 27, 2024 to Apr 4, 2025
- Discretionary RAUM · $35B to $29BAug 27, 2024 to Apr 4, 2025
- Pooled vehicle RAUM · $22B to $20BAug 27, 2024 to Apr 4, 2025
- RAUM · $35B to $29BAug 27, 2024 to Apr 4, 2025
- Related insurance company · false to trueAug 27, 2024 to Apr 4, 2025
- Private funds · 3 to 4Mar 25, 2024 to Aug 27, 2024
- Accounts · 27 to 28Mar 30, 2023 to Mar 25, 2024
- Advisory employees · 38 to 44Mar 30, 2023 to Mar 25, 2024
- Advisory activities · 4 to 3Mar 30, 2023 to Mar 25, 2024
- Pension plan clients · 1 to 0Mar 30, 2023 to Mar 25, 2024
- Pooled vehicle clients · 22 to 23Mar 30, 2023 to Mar 25, 2024
- Employees · 99 to 105Mar 30, 2023 to Mar 25, 2024
- Private funds · 5 to 3Mar 30, 2023 to Mar 25, 2024
- Discretionary RAUM · $29B to $35BMar 30, 2023 to Mar 25, 2024
- Pension RAUM · $209M to $0Mar 30, 2023 to Mar 25, 2024
- Pooled vehicle RAUM · $27B to $22BMar 30, 2023 to Mar 25, 2024
- RAUM · $29B to $35BMar 30, 2023 to Mar 25, 2024
- Accounts · 24 to 27Sep 2, 2022 to Mar 30, 2023
- Advisory employees · 40 to 38Sep 2, 2022 to Mar 30, 2023
- Pooled vehicle clients · 19 to 22Sep 2, 2022 to Mar 30, 2023
- Employees · 80 to 99Sep 2, 2022 to Mar 30, 2023
- Discretionary RAUM · $30B to $29BSep 2, 2022 to Mar 30, 2023
- Pension RAUM · $249M to $209MSep 2, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $29B to $27BSep 2, 2022 to Mar 30, 2023
- RAUM · $30B to $29BSep 2, 2022 to Mar 30, 2023
- Private funds · 4 to 5Jun 15, 2022 to Sep 2, 2022
- Private funds · 2 to 4May 16, 2022 to Jun 15, 2022
Signals
7 dated events
- Fulcrum Asset Management Llp reported RAUM $69.1B, up 138% from $29.0B (2025-12-03 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Nabeel Abdoula (Partner & Deputy Chief Investment Officer) no longer on Schedule A of Fulcrum Asset Management Llp (listed 2023-03-30, absent 2024-03-25)Mar 25, 2024 · Control person left · inference
- Fulcrum Asset Management Llp reported RAUM $29.8B, up 34% from $22.3B (2021-03-31 to 2022-03-28)Mar 28, 2022 · RAUM change · derived
- Fulcrum Asset Management Llp reported RAUM $22.3B, up 328% from $5.2B (2020-02-10 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Tim Meggs (Partner) no longer on Schedule A of Fulcrum Asset Management Llp (listed 2019-03-27, absent 2020-02-10)Feb 10, 2020 · Control person left · inference
- Ruscombe Jago Westmacott (Partner) appeared on Schedule A of Fulcrum Asset Management LlpMar 27, 2019 · Control person joined · fact
- Piotr Chmielowski (Partner) appeared on Schedule A of Fulcrum Asset Management LlpMar 27, 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/fulcrum-asset-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- FULCRUMASSET.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 44-20-7016-6450reportedpublic 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