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

F••••• P••••••• L••

Former SEC-registered adviserCRD 137897SEC 801-65032IAPD
Latest filing Feb 22, 2021
First filing on the tape Jan 30, 2012 · 23 filings
RAUM
$10.7M
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
1
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
$11.0M gross assets
History
23 filings and snapshots on the tape
RAUM$10.7M as of Feb 22, 2021
Jan 30, 2012$810M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 22, 2021
Jan 30, 20120 then
Employees (5.A)1 as of Feb 22, 2021
Jan 28, 201314 then
Private funds3 as of Feb 22, 2021
Jan 30, 20121 then
RAUM -83% over the last fiscal year-61% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 22, 2021; 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
$3.6MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-83%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 pooled vehiclesreportedItem 5.G
Custody
$64.6M, 3 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$10.7M100%
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
$64.6M for 3 clientsreported
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
      Private funds
      6 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • K••••• W•••••• D•••••• · Chief Compliance Officercontrol
        since 08/2018 · owns less than 5%
      • K••••••• A••••••••• N••••••• · Senior Managing Directorcontrol
        since 02/2014 · owns less than 5%
      • M••••••• M••••••• G••••• · Global Head Of Asset Managementcontrol
        since 11/2017 · owns less than 5%
      • P••••••• K••••••• M•••••• · Chief Financial Officercontrol
        since 01/2020 · owns less than 5%
      • L••••••• H•••••• W•••••• · Sole Trusteecontrol
        since 01/2010 · owns F of H••••• W• L•••••• R•••••••• T••••
      • L••••••• H•••••• W•••••• · Sole Trusteecontrol
        since 05/2009 · owns F of H••••• W• L•••••• P••••••• A•••• T••••
      • M•••••• S••••••• M••••• · General Counsel And Secretary
        since 02/2014 · owns less than 5%
      Entity owners
      • C••••• F••••••••• A•••• M••••••••• H•••••••• L•• · Member
        direct · owns 75% or more
      • C••••• F••••••••• L••• · Member
        indirect · owns 75% or more of C••••• F••••••••• A•••• M••••••••• H•••••••• L••
      • C• G•••• M••••••••• I••• · Managing General Partner
        indirect · owns F of C••••• F••••••••• L•••
      • H••••• W• L•••••• P••••••• A•••• T•••• · L•••••• Partner
        indirect · owns 25% to 50% of C••••• F••••••••• L•••
      • H••••• W• L•••••• R•••••••• T•••• · Shareholder
        indirect · owns 75% or more of C• G•••• M••••••••• I•••
      Related persons
      Schedule D 7.A
      • A••••• B•••••• L••
        broker-dealern
      • A••• S••••••••• L•••
        broker-dealern
      • A•••• B••
        broker-dealern
      • B•••• •••• P••••••• L••••••
        real estaten
      • B•••• L••••••
        real estaten
      • B•••• R• •••••• E•••• L••••••
        real estaten
      • B•••• R• B••••• C•••••••• D• R••••••••• L•••
        real estaten
      • B•••• S•••••• V• R•••••••• B••••••••• L••
        real estaten
      • B•• B•••••• L•••
        broker-dealern
      • B•• C•••••• M•••••• •••• K•••• L••••••
        broker-dealern
      • B•• C•••••• M•••••• ••••••• L•• ••••• B••••••
        CPO or CTAn
      • B•• C•••••• M•••••• • F•••••• E••••••• B••••• •••••• L••••••
        broker-dealern
      • B•• D••••••••• M••••••• L•••
        CPO or CTAn
      • B•• F••••••••• L•••
        broker-dealern
      • B•• L••••••• D••••••••• D• T•••••• E• V•••••• M••••••••• L••••
        broker-dealern
      • B•• P••••••• ••••••••• P•• L••••••
        broker-dealerCPO or CTAn
      • B•• P••••••• ••••••••• L••••••
        broker-dealern
      • B•• P••••••• M••••• D••••••• A•••
        broker-dealern
      • B•• P•••••••• I•••
        broker-dealern
      • B•• S• F•••••••• B•••••• ••••••••• L••••••
        broker-dealern
      • B•• S••••••••• ••••••••• P•• L••
        broker-dealern
      • B•• S••••••••• •••• K•••• L••
        broker-dealern
      • B•• S••••••••• ••••••••• L••••••
        broker-dealern
      • B•• S••••• K••••• L••••••
        broker-dealern
      • C••••• C••••••••• A••••••••
        investment advisern
      • C••••• F••••••••• •••• K•••• C•••••• M•••••• L••••••
        broker-dealern
      • C••••• F••••••••• • C••
        broker-dealern
      • C••••• F••••••••• C••••• C•••••••••
        broker-dealern
      • C••••• F••••••••• E•••••
        broker-dealern
      • C••••• F••••••••• I••••••••• A•••••••
        investment adviserbankyRAUM $3.2B
      Advisers that list F••••• P••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $64.6M to $10.7M
        Jan 27, 2021 to Feb 22, 2021
      • Pooled vehicle RAUM · $64.6M to $10.7M
        Jan 27, 2021 to Feb 22, 2021
      • RAUM · $64.6M to $10.7M
        Jan 27, 2021 to Feb 22, 2021
      • Assets in custody · $548M to $64.6M
        Jan 23, 2020 to Mar 20, 2020
      • Discretionary RAUM · $94.1M to $64.6M
        Jan 23, 2020 to Mar 20, 2020
      • Pooled vehicle RAUM · $94.1M to $64.6M
        Jan 23, 2020 to Mar 20, 2020
      • RAUM · $94.1M to $64.6M
        Jan 23, 2020 to Mar 20, 2020
      • HQ city · REDWOOD CITY to unset
        Nov 13, 2019 to Jan 23, 2020
      • HQ state · CA to unset
        Nov 13, 2019 to Jan 23, 2020
      • Accounts · 6 to 3
        Aug 24, 2018 to Mar 13, 2019
      • Advisory employees · 2 to 1
        Aug 24, 2018 to Mar 13, 2019
      • Pooled vehicle clients · 6 to 3
        Aug 24, 2018 to Mar 13, 2019
      • Employees · 4 to 1
        Aug 24, 2018 to Mar 13, 2019
      • Private funds · 4 to 3
        Aug 24, 2018 to Mar 13, 2019
      • Discretionary RAUM · $183M to $94.1M
        Aug 24, 2018 to Mar 13, 2019
      • Pooled vehicle RAUM · $183M to $94.1M
        Aug 24, 2018 to Mar 13, 2019
      • RAUM · $183M to $94.1M
        Aug 24, 2018 to Mar 13, 2019
      • Accounts · 7 to 6
        Jun 22, 2017 to Mar 16, 2018
      • Advisory employees · 3 to 2
        Jun 22, 2017 to Mar 16, 2018
      • Pooled vehicle clients · unset to 6.0
        Jun 22, 2017 to Mar 16, 2018
      • Employees · 6 to 4
        Jun 22, 2017 to Mar 16, 2018
      • Other offices · unset to 1.0
        Jun 22, 2017 to Mar 16, 2018
      • Private funds · 5 to 4
        Jun 22, 2017 to Mar 16, 2018
      • Discretionary RAUM · $382M to $183M
        Jun 22, 2017 to Mar 16, 2018
      • Pooled vehicle RAUM · unset to 182867000.0
        Jun 22, 2017 to Mar 16, 2018
      • RAUM · $382M to $183M
        Jun 22, 2017 to Mar 16, 2018
      • Advisory employees · 4 to 3
        Mar 30, 2016 to Mar 29, 2017
      • BD registered reps · 2 to 0
        Mar 30, 2016 to Mar 29, 2017
      • Employees · 13 to 6
        Mar 30, 2016 to Mar 29, 2017
      • Discretionary RAUM · $548M to $382M
        Mar 30, 2016 to Mar 29, 2017
      • RAUM · $548M to $382M
        Mar 30, 2016 to Mar 29, 2017
      • Accounts · 6 to 7
        Jan 6, 2016 to Mar 30, 2016
      • Advisory employees · 5 to 4
        Jan 6, 2016 to Mar 30, 2016
      • Assets in custody · $662M to $548M
        Jan 6, 2016 to Mar 30, 2016
      • Employees · 14 to 13
        Jan 6, 2016 to Mar 30, 2016
      • Private funds · 4 to 5
        Jan 6, 2016 to Mar 30, 2016
      • Discretionary RAUM · $662M to $548M
        Jan 6, 2016 to Mar 30, 2016
      • RAUM · $662M to $548M
        Jan 6, 2016 to Mar 30, 2016
      • Accounts · 5 to 6
        Nov 14, 2014 to Mar 30, 2015
      • Advisory employees · 6 to 5
        Nov 14, 2014 to Mar 30, 2015
      Signals
      3 dated events
      • Steven Bisgay (Chief Financial Officer) no longer on Schedule A of F••••• P••••••• L•• (listed 2019-11-13, absent 2020-01-23)
        Jan 23, 2020 · Control person left · inference
      • Michael Kenneth Paulson (Chief Financial Officer) appeared on Schedule A of F••••• P••••••• L••
        Jan 23, 2020 · Control person joined · fact
      • F••••• P••••••• L•• reported RAUM $182.9M, down 52% from $382.0M (2017-06-22 to 2018-03-16)
        Mar 16, 2018 · RAUM change · derived
      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