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

A••••••• P•••••••• M••••••••• L••

Institutional managerNew York, New YorkCRD 138769SEC 801-66005websiteIAPD
Latest filing Sep 17, 2026
First filing on the tape Mar 29, 2012 · 23 filings
SEC status approved since Jan 23, 2006
RAUM
$2.7B
reported, Item 5.F
Discretionary
1.3%
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
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$2.7B as of Mar 31, 2026
Mar 29, 2012$2.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 12, 20130 then
Employees (5.A)18 as of Mar 31, 2026
Mar 12, 201311 then
Private funds1 as of Mar 31, 2026
Mar 29, 20124 then
RAUM +24% over the last fiscal year+13% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 17, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
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
$337MderivedRAUM over accounts (5.F.2.f)
Discretionary
1.3%derivedof RAUM
Institutional
99%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
+24%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
portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$34.6M, 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Charitable organizations$1.3B50%
  • Pension and profit-sharing plans$1.3B47%
  • Insurance companies$34.8M1.3%
  • Pooled investment vehicles$34.6M1.3%
  • Other investment advisers$100,0900.0%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
3reported
Charitable clients
2reported
Accounts
8reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$34.6M for 1 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.01 institutional_share=0.99 related_bd=false related_bank=false 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
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•• T••••••• E••••••• L••Hedge Fund$96.8M1Mar 29, 2023
      R••••• S••no longer reportedHedge Fund$42.9M1Mar 27, 2015
      P•••••••• E••••••••• F•••• S••no longer reportedHedge Fund$10.6M1Mar 29, 2012
      A••••••••• P•••••••• H••••••• L•••no longer reportedHedge Fund$7.5M2Mar 29, 2012
      A•• K•••• I•••• M••••• F•••• L•no longer reportedHedge Fund$1.2M1May 14, 2020
      D••••••••• S••••• A•••• F•••• L•••no longer reportedHedge Fund$93,7762Mar 29, 2012
      P•••••• O•••••• F•••• L•••no longer reportedHedge Fund$91,5561Mar 29, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • H•••••• M••••••• S•••• · Principalcontrol
        since 07/2020 · owns less than 5%
      • J••••• F•• · Director Of Investment Researchcontrol
        since 10/2018 · owns less than 5%
      • K••••• R••••• N•• · Principalcontrol
        since 06/2018 · owns less than 5%
      • K••••••• R•••••• E••••• · Ceo, Managing Member And Chief Compliance Officercontrol
        since 07/2004 · owns 75% or more
      Related persons
      Schedule D 7.A
      • A•• I•••• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • employee count surgeChange between filings · filing Mar 31, 2026
        employees (Item 5.A) moved from 11.0 to 18.0 (+64.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (55 comparable advisers, 100.0th percentile of changes)
        peers: institutional managers, $1B to $5B (55) · 100% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 11 to 6
        Mar 31, 2026 to Sep 17, 2026
      • Assets in custody · $2.7B to $34.6M
        Mar 31, 2026 to Sep 17, 2026
      • Employees · 18 to 12
        Mar 31, 2026 to Sep 17, 2026
      • Financial planning clients · to unset
        Mar 31, 2026 to Sep 17, 2026
      • Private funds · 1 to unset
        Mar 31, 2026 to Sep 17, 2026
      • Discretionary RAUM · $26.1M to $34.7M
        Mar 31, 2026 to Sep 17, 2026
      • Non-discretionary RAUM · $2.7B to $2.7B
        Mar 31, 2026 to Sep 17, 2026
      • Succession · false to unset
        Mar 31, 2026 to Sep 17, 2026
      • Accounts · 6 to 8
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 4 to 11
        Mar 31, 2025 to Mar 31, 2026
      • Charity clients · unset to 2.0
        Mar 31, 2025 to Mar 31, 2026
      • Pension plan clients · unset to 3.0
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $2.2B to $2.7B
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 11 to 18
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $105M to $26.1M
        Mar 31, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $2.1B to $2.7B
        Mar 31, 2025 to Mar 31, 2026
      • Pension RAUM · $864M to $1.3B
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $74.0M to $34.6M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $2.2B to $2.7B
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 8 to 4
        Jul 24, 2024 to Mar 31, 2025
      • Assets in custody · $144M to $2.2B
        Jul 24, 2024 to Mar 31, 2025
      • Employees · 10 to 11
        Jul 24, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Jul 24, 2024 to Mar 31, 2025
      • Discretionary RAUM · $144M to $105M
        Jul 24, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $2.0B to $2.1B
        Jul 24, 2024 to Mar 31, 2025
      • Pension RAUM · $803M to $864M
        Jul 24, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $96.8M to $74.0M
        Jul 24, 2024 to Mar 31, 2025
      • RAUM · $2.1B to $2.2B
        Jul 24, 2024 to Mar 31, 2025
      • Advisory activities · 4 to 3
        Mar 29, 2023 to Mar 28, 2024
      • Assets in custody · $78.1M to $144M
        Mar 29, 2023 to Mar 28, 2024
      • Discretionary RAUM · $120M to $144M
        Mar 29, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $1.8B to $2.0B
        Mar 29, 2023 to Mar 28, 2024
      • Pension RAUM · $662M to $803M
        Mar 29, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $78.1M to $96.8M
        Mar 29, 2023 to Mar 28, 2024
      • RAUM · $1.9B to $2.1B
        Mar 29, 2023 to Mar 28, 2024
      • Accounts · 9 to 6
        Mar 31, 2022 to Mar 29, 2023
      • Advisory employees · 10 to 8
        Mar 31, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 2 to 1
        Mar 31, 2022 to Mar 29, 2023
      • Assets in custody · $185,322 to $78.1M
        Mar 31, 2022 to Mar 29, 2023
      • Employees · 11 to 10
        Mar 31, 2022 to Mar 29, 2023
      Signals
      8 dated events
      • A••••••• P•••••••• M••••••••• L•• reported RAUM $1.9B, down 27% from $2.6B (2022-03-31 to 2023-03-29)
        Mar 29, 2023 · RAUM change · derived
      • A••••••• P•••••••• M••••••••• L•• reported RAUM $2.6B, up 96% from $1.3B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Nmn Adri Guha (Chief Investment Officer) no longer on Schedule A of A••••••• P•••••••• M••••••••• L•• (listed 2021-03-31, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Fan Jiang (Director Of Investment Research) appeared on Schedule A of A••••••• P•••••••• M••••••••• L••
        Mar 31, 2021 · Control person joined · fact
      • Scott Matthew Hansen (Principal) appeared on Schedule A of A••••••• P•••••••• M••••••••• L••
        Mar 31, 2021 · Control person joined · fact
      • A••••••• P•••••••• M••••••••• L•• reported RAUM $1.2B, down 70% from $4.0B (2019-04-26 to 2020-05-14)
        May 14, 2020 · RAUM change · derived
      • George Steven Delaney (General Counsel) no longer on Schedule A of A••••••• P•••••••• M••••••••• L•• (listed 2019-04-26, absent 2020-05-14)
        May 14, 2020 · Control person left · inference
      • Rahul Kakar (Principal) appeared on Schedule A of A••••••• P•••••••• M••••••••• L••
        Apr 2, 2019 · Control person joined · fact
      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
      w••.a•••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-838-4700reportedpublic record, Form ADV, Sep 17, 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
      Institutional managerderiveda 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