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
W•••••••• A•••• M••••••••• L••
Latest filing Jul 23, 2026
First filing on the tape Nov 16, 2011 · 50 filings
SEC status approved since Jan 9, 2006
RAUM
$22B
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
133
55 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
31
reported on Schedule D
History
50 filings and snapshots on the tape
RAUM$22B as of Jul 23, 2026
Mar 28, 2012$2.1B then
HNW client RAUM$0 as of Jul 23, 2026
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Jul 23, 2026
Mar 22, 20130 then
Employees (5.A)133 as of Jul 23, 2026
Mar 22, 201335 then
Private funds31 as of Jul 23, 2026
Mar 28, 20126 then
RAUM -13% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 23, 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
- $324MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 7.9%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
- -13%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-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, 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)
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$12B55%
- Investment companies$8.2B37%
- Insurance companies$1.6B7.3%
- State and municipal entities$127M0.6%
- Corporations and businesses$2.9M0.0%
- Pension and profit-sharing plans$1.8M0.0%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- n/areported
- Charitable clients
- 0reported
- Accounts
- 68reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.92 institutional_share=0.08 related_bd=false related_bank=true 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
33 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| W•••••••• V••••••• M••••• F•••• L••• | Hedge Fund | $5.8B | 230 | Mar 28, 2012 |
| W•••••••• E••• M••••• F•••• L••• | Hedge Fund | $3.0B | 320 | Mar 28, 2012 |
| W•••••••• S•••••••• F•••• L••• | Hedge Fund | $1.3B | 3 | Aug 25, 2014 |
| L••• C•••••• F•••• L• | Hedge Fund | $1.1B | 2 | Mar 28, 2024 |
| W•••••••• R••• I•••••• L•• | Hedge Fund | $663M | 2 | Nov 30, 2015 |
| W•••••••• E•••• F•••• L•• | Hedge Fund | $587M | 2 | May 26, 2022 |
| W•••••••• D•••• O••••••• M••••• F•••• L• | Hedge Fund | $488M | 4 | Mar 28, 2012 |
| W•••••••• S•••••••• O••••••••• F•••• L••• | Hedge Fund | $437M | 11 | May 26, 2023 |
| W•••••••• D••••••••• O••••••••• M••••• F•••• L• | Hedge Fund | $387M | 29 | Nov 29, 2022 |
| W•••••••• A•••• M••••• F••• B• L• | Hedge Fund | $363M | 57 | Nov 29, 2022 |
| S••••••••• M••••• F•••• L•no longer reported | Hedge Fund | $159M | 34 | Mar 28, 2012 |
| W•••••••• S••••• S••••• F•••• L• | Hedge Fund | $132M | 2 | Mar 28, 2024 |
| W•••••••• T••• O••••••••• L••no longer reported | Hedge Fund | $111M | 20 | Mar 28, 2012 |
| W•••••••• B•• F•••• O••••••••• F••• I• L• • S••••• A• | Hedge Fund | $108M | 2 | Feb 23, 2023 |
| W•••••••• L•••••• F•••• L•• • S••••• B• | Hedge Fund | $100M | 4 | Nov 5, 2024 |
| W•••••••• A•••••• F•••• L• | Hedge Fund | $100M | 2 | Nov 5, 2024 |
| W•••••••• B•• F•••• O••••••••• F••• I• L• • S••••• B• | Hedge Fund | $100M | 2 | Nov 5, 2024 |
| W•••••••• O•••••• M••••• F•••• L•no longer reported | Hedge Fund | $91.0M | 21 | Aug 25, 2014 |
| W•••••••• A•••• M••••• F••• A• L• | Hedge Fund | $82.5M | 57 | Nov 29, 2022 |
| W•••••••• A•••• C•••••••• F•••• L• | Hedge Fund | $76.0M | 1 | Mar 31, 2023 |
| W•••••••• O••••• M••••• F•••• L• | Hedge Fund | $68.1M | 2 | Aug 28, 2020 |
| W•••••••• S••••••••• C••••• D••••••••• F••• L••• | Hedge Fund | $67.2M | 1 | Feb 27, 2024 |
| W•••••••• S••••••• M••••• F••• I•• L• | Private Equity Fund | $61.5M | 91 | Mar 26, 2019 |
| L••• 9•• L•••••• | Hedge Fund | $55.4M | 1 | Mar 28, 2024 |
| W•••••••• L•••••• F•••• L•• • S••••• A• | Hedge Fund | $50.0M | 4 | May 10, 2024 |
| W•••••••• D••••••••• O••••••••• M••••• F••• I•• L• | Hedge Fund | $25.3M | 2 | Feb 27, 2024 |
| W••• I• O•••••• I••••••• L• | Private Equity Fund | $14.5M | 11 | May 26, 2023 |
| W•••••••• V••••••• M••••• F••• I•• L••• | Hedge Fund | $12.2M | 219 | Mar 28, 2012 |
| S•••• I•••••••• L• | Private Equity Fund | $9.6M | 6 | Mar 30, 2021 |
| W••• I• A• L• | Private Equity Fund | $5.8M | 6 | Sep 23, 2021 |
| W•••••••• I••••• F•••• L•• | Real Estate Fund | $2.2M | 16 | Feb 27, 2020 |
| S••••••••• F•••• L•no longer reported | Hedge Fund | $863,617 | 60 | Mar 31, 2014 |
| W•••••••• S••••••• M••••• F••• I•• L• | Private Equity Fund | $0 | 0 | Mar 26, 2019 |
Owners and control persons
Schedule A and B, latest filing
- B••••••••• B•••• · Chief Financial Officercontrolsince 08/2024 · owns less than 5%
- C••••••• T•••••• E••••• · Managercontrolsince 01/2005 · owns less than 5%
- R•••• J•••• J•• · Managercontrolsince 01/2005 · owns less than 5%
- C••••••• T•••••• E••••• · L•••••• Partnercontrolsince 01/2016 · owns 25% to 50% of W•••••••• P••••••• H•••••••• L•
- R•••• J•••• J•• · L•••••• Partnercontrolsince 01/2016 · owns 25% to 50% of W•••••••• P••••••• H•••••••• L•
- N•••• K••••••• A••• · General Counsel, Chief Compliance Officer, Chief Operating Officersince 10/2011 · owns less than 5%
Entity owners
- W•••••••• P••••••• H•••••••• L• · Memberdirect · owns 75% or more
- W•••••••• P••••••• G•• L•• · General Partnerindirect · owns F of W•••••••• P••••••• H•••••••• L•
Related persons
Schedule D 7.A
- W•••••••• A•••• M••••••••• ••• L••••••investment advisery
- W•••••••• A•••• M••••••••• •••••••• D••••••••• A••••••• C••••••insurancey
- W•••••••• A•••• M••••••••• ••• L••investment advisery
- W•••••••• A•••• G•• L••pooled vehicle sponsorn
- W•••••••• D•••• G•• L••pooled vehicle sponsorn
- W•••••••• D••••••••• O••••••••• G•• L••pooled vehicle sponsorn
- W•••••••• D••••••••• O••••••••• I• G•• L••pooled vehicle sponsorn
- W•••••••• E•••• G•• L••pooled vehicle sponsorn
- W•••••••• M••••••••• L••pooled vehicle sponsorn
- W•••••••• O••••• G•• L••n
- W•••••••• R••••••••• C••••• O••••••••• F••• G•• L••pooled vehicle sponsorn
- W•••••••• R••• I••••• G•• L••bankpooled vehicle sponsorn
- W•••••••• S•••••••• G•• L••pooled vehicle sponsorn
- W•••••••• S•••••••• O••••••••• G•• L••pooled vehicle sponsorn
- W•••••••• S••••••• G• L••pooled vehicle sponsorn
- W•••••••• S••••• S••••• G•• L••pooled vehicle sponsorn
- W•••••••• S•••••••• C••••• D••••••••• G•• L••n
Advisers that list W•••••••• A•••• M••••••••• L•• as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Private funds · 30 to 31Mar 30, 2026 to Jul 23, 2026
- Accounts · 61 to 68Aug 25, 2025 to Mar 30, 2026
- Advisory employees · 53 to 55Aug 25, 2025 to Mar 30, 2026
- Pooled vehicle clients · 45 to 50Aug 25, 2025 to Mar 30, 2026
- Employees · 141 to 133Aug 25, 2025 to Mar 30, 2026
- Discretionary RAUM · $25B to $22BAug 25, 2025 to Mar 30, 2026
- Pension RAUM · $5.3M to $1.8MAug 25, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $12B to $12BAug 25, 2025 to Mar 30, 2026
- RAUM · $25B to $22BAug 25, 2025 to Mar 30, 2026
- Private funds · 29 to 30Mar 31, 2025 to Aug 25, 2025
- Accounts · 67 to 61Nov 5, 2024 to Mar 31, 2025
- Advisory employees · 72 to 53Nov 5, 2024 to Mar 31, 2025
- Pooled vehicle clients · 46 to 45Nov 5, 2024 to Mar 31, 2025
- Employees · 168 to 141Nov 5, 2024 to Mar 31, 2025
- Financial planning clients · unset to Nov 5, 2024 to Mar 31, 2025
- Private funds · 27 to 29Nov 5, 2024 to Mar 31, 2025
- Discretionary RAUM · $19B to $25BNov 5, 2024 to Mar 31, 2025
- Pension RAUM · $21.0M to $5.3MNov 5, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $15B to $12BNov 5, 2024 to Mar 31, 2025
- RAUM · $19B to $25BNov 5, 2024 to Mar 31, 2025
- Private funds · 24 to 27Jun 24, 2024 to Nov 5, 2024
- Private funds · 25 to 24Mar 28, 2024 to Apr 12, 2024
- Accounts · 58 to 67Feb 27, 2024 to Mar 28, 2024
- Advisory employees · 80 to 72Feb 27, 2024 to Mar 28, 2024
- Pooled vehicle clients · 36 to 46Feb 27, 2024 to Mar 28, 2024
- Assets in custody · 0.0 to unsetFeb 27, 2024 to Mar 28, 2024
- Custody of client assets · true to falseFeb 27, 2024 to Mar 28, 2024
- Employees · 183 to 168Feb 27, 2024 to Mar 28, 2024
- Private funds · 22 to 25Feb 27, 2024 to Mar 28, 2024
- Discretionary RAUM · $16B to $19BFeb 27, 2024 to Mar 28, 2024
- Pension RAUM · $130M to $21.0MFeb 27, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $13B to $15BFeb 27, 2024 to Mar 28, 2024
- RAUM · $16B to $19BFeb 27, 2024 to Mar 28, 2024
- Related bank · false to trueFeb 27, 2024 to Mar 28, 2024
- Private funds · 20 to 22May 26, 2023 to Feb 27, 2024
- Private funds · 18 to 20Mar 31, 2023 to May 26, 2023
- Accounts · 43 to 58Feb 23, 2023 to Mar 31, 2023
- Advisory employees · 74 to 80Feb 23, 2023 to Mar 31, 2023
- Pooled vehicle clients · 22 to 36Feb 23, 2023 to Mar 31, 2023
- Employees · 171 to 183Feb 23, 2023 to Mar 31, 2023
Signals
5 dated events
- W•••••••• A•••• M••••••••• L•• reported RAUM $25.3B, up 36% from $18.6B (2024-11-05 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Brian Breakstone (Chief Financial Officer) appeared on Schedule A of W•••••••• A•••• M••••••••• L••Nov 5, 2024 · Control person joined · fact
- Ayala Germaine Laurence Haddad (Chief Financial Officer) no longer on Schedule A of W•••••••• A•••• M••••••••• L•• (listed 2024-05-10, absent 2024-06-24)Jun 24, 2024 · Control person left · inference
- Ayala Germaine Laurence Haddad (Chief Financial Officer) appeared on Schedule A of W•••••••• A•••• M••••••••• L••Mar 28, 2024 · Control person joined · fact
- W•••••••• A•••• M••••••••• L•• reported RAUM $12.4B, up 39% from $8.9B (2020-02-27 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- W•••••••• A•••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- W•••••••• A•••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- waterfallam.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-257-4600reportedpublic record, Form ADV, Jul 23, 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
Across the graphs
W•••••••• A•••• M••••••••• L•• 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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