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

Corestates Capital Advisors, LLC

Former SEC-registered adviserYardley, PennsylvaniaCRD 137697SEC 801-64854IAPD
Latest filing Oct 3, 2013
First filing on the tape Apr 4, 2012 · 10 filings
RAUM
$505M
reported, Item 5.F
Discretionary
33%
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
n/a
beyond the principal office
Private funds
3
$14.0M gross assets
History
10 filings and snapshots on the tape
RAUM$505M as of May 31, 2013
Apr 4, 2012$286M then
HNW client RAUM: no history
State-registered IARs (5.B.3): 7
Employees (5.A): 12
Private funds3 as of May 31, 2013
Apr 4, 20124 then
RAUM +77% over the last fiscal year
Practice profile
derived from the filing of Oct 3, 2013; every figure names its basis
RAUM per advisor
$72.2MderivedRAUM 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
$582,875derivedRAUM over accounts (5.F.2.f)
Discretionary
33%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+77%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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, otherreportedItem 5.G
Custody
$13.4M, 69 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
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
867reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$13.4M for 69 clientsreported
Compensation
% of AUM, fixed, 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
Every departureEvery arrival
Private funds
4 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Delphi Beta Fund LLCHedge Fund$6.0M30Apr 4, 2012
Delphi Delta Fund LLCHedge Fund$4.0M30Apr 4, 2012
Delphi Alpha Fund LLCHedge Fund$4.0M20Apr 4, 2012
Corestates Opportunistic Income Fund, LPReal Estate Fund$550,0002Apr 4, 2012
Owners and control persons
Schedule A and B, latest filing
  • M Bradford Smith · Chief Compliance Officer
    since 08/2013 · owns less than 5%
Entity owners
  • Estate Of William Spiropoulos · Estate Of William Spiropoulos
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Delphi Alpha Fund, LLC
    pooled vehicle sponsory
  • Delphi Beta Fund, LLC
    pooled vehicle sponsory
  • Delphi Delta Fund, LLC
    pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 1,247 to 867
    Feb 7, 2013 to Apr 29, 2013
  • Advisory employees · 6 to 7
    Feb 7, 2013 to Apr 29, 2013
  • State-registered IARs · 6 to 7
    Feb 7, 2013 to Apr 29, 2013
  • Discretionary RAUM · $227M to $169M
    Feb 7, 2013 to Apr 29, 2013
  • Non-discretionary RAUM · $265M to $336M
    Feb 7, 2013 to Apr 29, 2013
  • RAUM · $492M to $505M
    Feb 7, 2013 to Apr 29, 2013
  • Accounts · 1,373 to 1,247
    Nov 6, 2012 to Feb 7, 2013
  • Advisory employees · 10 to 6
    Nov 6, 2012 to Feb 7, 2013
  • Assets in custody · $18.0M to $13.4M
    Nov 6, 2012 to Feb 7, 2013
  • Employees · 10 to 12
    Nov 6, 2012 to Feb 7, 2013
  • HQ city · NEWTOWN to YARDLEY
    Nov 6, 2012 to Feb 7, 2013
  • State-registered IARs · 10 to 6
    Nov 6, 2012 to Feb 7, 2013
  • Private funds · 4 to 3
    Nov 6, 2012 to Feb 7, 2013
  • Discretionary RAUM · $222M to $227M
    Nov 6, 2012 to Feb 7, 2013
  • Non-discretionary RAUM · $63.8M to $265M
    Nov 6, 2012 to Feb 7, 2013
  • RAUM · $286M to $492M
    Nov 6, 2012 to Feb 7, 2013
  • Advisory employees · unset to 10.0
    Apr 4, 2012 to Nov 6, 2012
  • Employees · unset to 10.0
    Apr 4, 2012 to Nov 6, 2012
  • State-registered IARs · unset to 10.0
    Apr 4, 2012 to Nov 6, 2012
Signals
No event on the tape.
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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
Across the graphs

Corestates Capital Advisors, LLC is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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