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

P•••••• M••••••••• L•

Former SEC-registered adviserNew York, New YorkCRD 138659SEC 801-66030IAPD
Latest filing Mar 30, 2020
First filing on the tape Mar 30, 2012 · 14 filings
RAUM
$951M
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
51
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$951M gross assets
History
14 filings and snapshots on the tape
RAUM$951M as of Mar 30, 2020
Mar 30, 2012$9.5B then
HNW client RAUM$0 as of Mar 30, 2020
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2020
Apr 1, 20130 then
Employees (5.A)51 as of Mar 30, 2020
Apr 1, 2013122 then
Private funds1 as of Mar 30, 2020
Mar 30, 20123 then
RAUM +56% over the last fiscal year-37% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2020; 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
$951MderivedRAUM 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
+56%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 institutionsreportedItem 5.G
Custody
$951M, 1 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)
  • 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
  • Pooled investment vehicles$951M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$951M for 1 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
      Every departureEvery arrival
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•••••• A•••••••• P••• L••no longer reportedHedge Fund$2.9B133Mar 30, 2012
      P•••••• A•••••••• L••no longer reportedHedge Fund$2.3B116Mar 30, 2012
      P•••••• E••••••• L••Hedge Fund$951M65Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • P••••••• J•••• A••••• · Managing Member, Portfolio Managercontrol
        since 04/2001 · owns less than 5%
      • B•••••••• J•••••• · Trusteecontrol
        since 04/2001 · owns F of P•••••• F••••• T••••
      • B••••• C••••••••• A••• · Chief Financial Officer
        since 09/2001 · owns less than 5%
      • D•••• L••••• Y• · Chief Operating Officer
        since 09/2016 · owns less than 5%
      • H••••• A••••• · Director Of Research
        since 04/2001 · owns less than 5%
      • M•••••• S•••••• L••••• · General Counsel & Chief Compliance Officer
        since 10/2003 · owns less than 5%
      Entity owners
      • P•••••• F••••• T•••• · Member
        direct · owns 75% or more
      • P•••••• F••••• T•••• · Trust
        indirect · owns 75% or more of P•••••• F••••• T••••
      Related persons
      Schedule D 7.A
      Advisers that list P•••••• M••••••••• L• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 23 to 17
        Mar 29, 2019 to Mar 30, 2020
      • Assets in custody · $610M to $951M
        Mar 29, 2019 to Mar 30, 2020
      • Employees · 64 to 51
        Mar 29, 2019 to Mar 30, 2020
      • Discretionary RAUM · $610M to $951M
        Mar 29, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $610M to $951M
        Mar 29, 2019 to Mar 30, 2020
      • RAUM · $610M to $951M
        Mar 29, 2019 to Mar 30, 2020
      • Advisory employees · 37 to 23
        Mar 30, 2018 to Mar 29, 2019
      • BD registered reps · 11 to 7
        Mar 30, 2018 to Mar 29, 2019
      • Assets in custody · $1.8B to $610M
        Mar 30, 2018 to Mar 29, 2019
      • Employees · 95 to 64
        Mar 30, 2018 to Mar 29, 2019
      • Discretionary RAUM · $1.8B to $610M
        Mar 30, 2018 to Mar 29, 2019
      • Pooled vehicle RAUM · $1.8B to $610M
        Mar 30, 2018 to Mar 29, 2019
      • RAUM · $1.8B to $610M
        Mar 30, 2018 to Mar 29, 2019
      • Advisory employees · 50 to 37
        Mar 31, 2017 to Mar 30, 2018
      • BD registered reps · 15 to 11
        Mar 31, 2017 to Mar 30, 2018
      • Charity clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Corporate clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • HNW clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Individual clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pension plan clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 1.0
        Mar 31, 2017 to Mar 30, 2018
      • Assets in custody · $3.8B to $1.8B
        Mar 31, 2017 to Mar 30, 2018
      • Employees · 120 to 95
        Mar 31, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Discretionary RAUM · $3.8B to $1.8B
        Mar 31, 2017 to Mar 30, 2018
      • HNW RAUM · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Individual RAUM · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pension RAUM · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 1812955000.0
        Mar 31, 2017 to Mar 30, 2018
      • RAUM · $3.8B to $1.8B
        Mar 31, 2017 to Mar 30, 2018
      • Advisory employees · 52 to 50
        Mar 30, 2016 to Mar 31, 2017
      • BD registered reps · 18 to 15
        Mar 30, 2016 to Mar 31, 2017
      • Assets in custody · $11B to $3.8B
        Mar 30, 2016 to Mar 31, 2017
      • Employees · 130 to 120
        Mar 30, 2016 to Mar 31, 2017
      • Discretionary RAUM · $11B to $3.8B
        Mar 30, 2016 to Mar 31, 2017
      • RAUM · $11B to $3.8B
        Mar 30, 2016 to Mar 31, 2017
      • Advisory employees · 53 to 52
        Mar 31, 2015 to Mar 30, 2016
      • BD registered reps · 0 to 18
        Mar 31, 2015 to Mar 30, 2016
      • Assets in custody · $11B to $11B
        Mar 31, 2015 to Mar 30, 2016
      • Employees · 128 to 130
        Mar 31, 2015 to Mar 30, 2016
      Signals
      4 dated events
      • P•••••• M••••••••• L• reported RAUM $951.3M, up 56% from $610.3M (2019-03-29 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • P•••••• M••••••••• L• reported RAUM $610.3M, down 66% from $1.8B (2018-03-30 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • P•••••• M••••••••• L• reported RAUM $1.8B, down 52% from $3.8B (2017-03-31 to 2018-03-30)
        Mar 30, 2018 · RAUM change · derived
      • P•••••• M••••••••• L• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Mar 6, 2013 · Succession (Item 4) · fact
      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