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•••••• I••••••••• A•••••• L••

FORMER SEC A••••••New York, New YorkCRD 138717SEC 801-65790IAPD
Latest filing Sep 29, 2020
First filing on the tape Mar 30, 2012 · 17 filings
RAUM
$478M
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
18
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
$236M gross assets
History
17 filings and snapshots on the tape
RAUM$478M as of Mar 30, 2020
Mar 30, 2012$425M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2020
Mar 22, 20130 then
Employees (5.A)18 as of Mar 30, 2020
Mar 22, 201318 then
Private funds4 as of Mar 30, 2020
Mar 30, 20124 then
RAUM -20% over the last fiscal year-33% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 29, 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
$29.9MderivedRAUM 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
-20%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 vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$476M100%
  • Other investment advisers$2.3M0.5%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
16reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      • D••••••••• T••••• L•• · Chief Compliance Officercontrol
        since 09/2020 · owns less than 5%
      • P••••••• J••••••• L••••••• · Chief Executive Officer, Chief Investment Officer, Senior Managing Directorcontrol
        since 05/2003 · owns 75% or more
      • Y•••••• R•••••• A• · Chief Financial Officer, Managing Directorcontrol
        since 03/2005 · owns less than 5%
      Related persons
      Schedule D 7.A
      • P•••••• C•••••• M••••••••• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 17 to 16
        Mar 29, 2019 to Mar 30, 2020
      • Pooled vehicle clients · 14 to 15
        Mar 29, 2019 to Mar 30, 2020
      • Employees · 20 to 18
        Mar 29, 2019 to Mar 30, 2020
      • Discretionary RAUM · $592M to $476M
        Mar 29, 2019 to Mar 30, 2020
      • Non-discretionary RAUM · $2.0M to $2.3M
        Mar 29, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $542M to $476M
        Mar 29, 2019 to Mar 30, 2020
      • RAUM · $594M to $478M
        Mar 29, 2019 to Mar 30, 2020
      • Accounts · 16 to 17
        Jan 15, 2019 to Mar 29, 2019
      • Discretionary RAUM · $664M to $592M
        Jan 15, 2019 to Mar 29, 2019
      • Non-discretionary RAUM · $2.5M to $2.0M
        Jan 15, 2019 to Mar 29, 2019
      • Pooled vehicle RAUM · $613M to $542M
        Jan 15, 2019 to Mar 29, 2019
      • RAUM · $667M to $594M
        Jan 15, 2019 to Mar 29, 2019
      • Accounts · 14 to 16
        Jun 7, 2018 to Jan 15, 2019
      • Advisory employees · 14 to 9
        Jun 7, 2018 to Jan 15, 2019
      • Pooled vehicle clients · 13 to 14
        Jun 7, 2018 to Jan 15, 2019
      • Employees · 22 to 20
        Jun 7, 2018 to Jan 15, 2019
      • Discretionary RAUM · $1.2B to $664M
        Jun 7, 2018 to Jan 15, 2019
      • Non-discretionary RAUM · $0 to $2.5M
        Jun 7, 2018 to Jan 15, 2019
      • Pooled vehicle RAUM · $1.2B to $613M
        Jun 7, 2018 to Jan 15, 2019
      • RAUM · $1.2B to $667M
        Jun 7, 2018 to Jan 15, 2019
      • Accounts · 13 to 14
        Mar 29, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 13.0
        Mar 29, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Mar 29, 2017 to Mar 30, 2018
      • Discretionary RAUM · $1.6B to $1.2B
        Mar 29, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 1154585373.0
        Mar 29, 2017 to Mar 30, 2018
      • RAUM · $1.6B to $1.2B
        Mar 29, 2017 to Mar 30, 2018
      • Employees · 21 to 22
        Aug 15, 2016 to Mar 29, 2017
      • Discretionary RAUM · $1.1B to $1.6B
        Aug 15, 2016 to Mar 29, 2017
      • RAUM · $1.1B to $1.6B
        Aug 15, 2016 to Mar 29, 2017
      • Accounts · 15 to 13
        Apr 20, 2016 to Jun 28, 2016
      • Advisory employees · 15 to 14
        Apr 20, 2016 to Jun 28, 2016
      • Discretionary RAUM · $796M to $1.1B
        Apr 20, 2016 to Jun 28, 2016
      • RAUM · $796M to $1.1B
        Apr 20, 2016 to Jun 28, 2016
      • Advisory activities · 3 to 2
        Mar 20, 2015 to Mar 30, 2016
      • Employees · 22 to 21
        Mar 20, 2015 to Mar 30, 2016
      • Discretionary RAUM · $1.2B to $796M
        Mar 20, 2015 to Mar 30, 2016
      • RAUM · $1.2B to $796M
        Mar 20, 2015 to Mar 30, 2016
      • Accounts · 13 to 15
        Mar 27, 2014 to Mar 20, 2015
      • Advisory employees · 13 to 15
        Mar 27, 2014 to Mar 20, 2015
      • Employees · 19 to 22
        Mar 27, 2014 to Mar 20, 2015
      Signals
      4 dated events
      • Scott Lance Friedler (General Counsel, Chief Compliance Officer) no longer on Schedule A of P•••••• I••••••••• A•••••• L•• (listed 2020-03-30, absent 2020-09-29)
        Sep 29, 2020 · Control person left · inference
      • Lee Tyler Defibaugh (Chief Compliance Officer) appeared on Schedule A of P•••••• I••••••••• A•••••• L••
        Sep 29, 2020 · Control person joined · fact
      • P•••••• I••••••••• A•••••• L•• reported RAUM $666.9M, down 46% from $1.2B (2018-06-07 to 2019-01-15)
        Jan 15, 2019 · RAUM change · derived
      • Jerome Michael Donoghue (President, Managing Director) no longer on Schedule A of P•••••• I••••••••• A•••••• L•• (listed 2018-06-07, absent 2019-01-15)
        Jan 15, 2019 · Control person left · inference
      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
      Website
      P••••••INVADV.COMreportedpublic record, Form ADV, Sep 19, 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
      FORMER SEC A••••••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