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••••• A••••••••• M••••••••• I•••

Asset manager (funds and pooled vehicles)Palm Beach, FloridaCRD 138901SEC 801-65726websiteIAPD
Latest filing Mar 26, 2026
First filing on the tape Mar 30, 2012 · 25 filings
SEC status approved since Jan 30, 2006
RAUM
$2.1B
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
26
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
9
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$2.1B as of Mar 26, 2026
Mar 30, 2012$3.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 28, 20130 then
Employees (5.A)26 as of Mar 26, 2026
Mar 28, 201335 then
Private funds9 as of Mar 26, 2026
Mar 31, 20158 then
RAUM -11% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 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
$190MderivedRAUM 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
-11%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
Custody
$2.0B, 9 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$2.0B98%
  • Corporations and businesses$45.3M2.2%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
11reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$2.0B for 9 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.98 institutional_share=0.0 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
      10 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • C•••• S••••••• S••••• · Directorcontrol
        since 01/2016 · owns less than 5%
      • J••••• J••••• P• · Directorcontrol
        since 01/2015 · owns less than 5%
      • M••••• T•••• J• · Chief Operating Officer, Chief Compliance Officercontrol
        since 01/2015 · owns less than 5%
      • P•••• N••• · Cfocontrol
        since 01/2019 · owns less than 5%
      • S•••••••• M••••••• C• · Director Of Operationscontrol
        since 01/2015 · owns less than 5%
      • Z•••••••• R•••••• E••• · Chief Executive Officer, Chief Investment Officer, Directorcontrol
        since 01/2015 · owns less than 5%
      • Z•••••••• V•••••••• E• · Chairman, Directorcontrol
        since 01/2015 · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list A••••• A••••••••• M••••••••• I••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Englewood Cliffs, NJ1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 9 to 13
        Mar 26, 2025 to Mar 26, 2026
      • Assets in custody · $2.3B to $2.0B
        Mar 26, 2025 to Mar 26, 2026
      • Discretionary RAUM · $2.4B to $2.1B
        Mar 26, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $2.3B to $2.0B
        Mar 26, 2025 to Mar 26, 2026
      • RAUM · $2.4B to $2.1B
        Mar 26, 2025 to Mar 26, 2026
      • Accounts · 12 to 11
        Mar 25, 2024 to Mar 26, 2025
      • Pooled vehicle clients · 11 to 10
        Mar 25, 2024 to Mar 26, 2025
      • Assets in custody · $2.4B to $2.3B
        Mar 25, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        Mar 25, 2024 to Mar 26, 2025
      • Other offices · 1 to 0
        Mar 25, 2024 to Mar 26, 2025
      • Discretionary RAUM · $2.7B to $2.4B
        Mar 25, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $2.7B to $2.3B
        Mar 25, 2024 to Mar 26, 2025
      • RAUM · $2.7B to $2.4B
        Mar 25, 2024 to Mar 26, 2025
      • Assets in custody · $2.6B to $2.4B
        Sep 15, 2023 to Mar 25, 2024
      • Employees · 24 to 26
        Sep 15, 2023 to Mar 25, 2024
      • Discretionary RAUM · $3.0B to $2.7B
        Sep 15, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $2.9B to $2.7B
        Sep 15, 2023 to Mar 25, 2024
      • RAUM · $3.0B to $2.7B
        Sep 15, 2023 to Mar 25, 2024
      • HQ city · ENGLEWOOD CLIFFS to PALM BEACH
        Mar 30, 2023 to Sep 15, 2023
      • HQ state · NJ to FL
        Mar 30, 2023 to Sep 15, 2023
      • Accounts · 11 to 12
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 10 to 11
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $3.5B to $2.6B
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 23 to 24
        Mar 31, 2022 to Mar 30, 2023
      • Other offices · 0 to 1
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $4.1B to $3.0B
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $4.0B to $2.9B
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $4.1B to $3.0B
        Mar 31, 2022 to Mar 30, 2023
      • Accounts · 12 to 11
        Mar 29, 2021 to Mar 31, 2022
      • Corporate clients · 2 to 1
        Mar 29, 2021 to Mar 31, 2022
      • Assets in custody · $2.8B to $3.5B
        Mar 29, 2021 to Mar 31, 2022
      • Private funds · 10 to 9
        Mar 29, 2021 to Mar 31, 2022
      • Discretionary RAUM · $3.7B to $4.1B
        Mar 29, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $3.2B to $4.0B
        Mar 29, 2021 to Mar 31, 2022
      • RAUM · $3.7B to $4.1B
        Mar 29, 2021 to Mar 31, 2022
      • Assets in custody · $3.1B to $2.8B
        Mar 31, 2020 to Mar 29, 2021
      • Employees · 24 to 23
        Mar 31, 2020 to Mar 29, 2021
      • Discretionary RAUM · $4.0B to $3.7B
        Mar 31, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $3.5B to $3.2B
        Mar 31, 2020 to Mar 29, 2021
      • RAUM · $4.0B to $3.7B
        Mar 31, 2020 to Mar 29, 2021
      Signals
      6 dated events
      • A••••• A••••••••• M••••••••• I••• reported RAUM $3.0B, down 27% from $4.1B (2022-03-31 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Joseph Frank Fiorello (Chief Information Officer) no longer on Schedule A of A••••• A••••••••• M••••••••• I••• (listed 2020-03-31, absent 2021-03-29)
        Mar 29, 2021 · Control person left · inference
      • A••••• A••••••••• M••••••••• I••• reported RAUM $4.0B, up 34% from $3.0B (2019-05-03 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • Anthony Michael Tenebruso (Co-Chief Investment Officer, Director) no longer on Schedule A of A••••• A••••••••• M••••••••• I••• (listed 2019-05-03, absent 2020-03-31)
        Mar 31, 2020 · Control person left · inference
      • Neal Post (Cfo) appeared on Schedule A of A••••• A••••••••• M••••••••• I•••
        Mar 28, 2019 · Control person joined · fact
      • Jay Gerald Post (Cfo) no longer on Schedule A of A••••• A••••••••• M••••••••• I••• (listed 2018-03-28, absent 2019-03-28)
        Mar 28, 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
      A•••••ASSOCIATESMANAGEMENT.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      561-834-6550reportedpublic record, Form ADV, Mar 26, 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