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

I••••• P••••••• A•••• M••••••••• ••• L••••••

Former SEC-registered adviserHong Kong, CRD 139241SEC 801-107948websiteIAPD
Latest filing Mar 27, 2024
First filing on the tape Jun 2, 2016 · 18 filings
SEC status approved since Jun 15, 2016
RAUM
$368M
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
19
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$8.3M gross assets
History
18 filings and snapshots on the tape
RAUM$368M as of Mar 27, 2024
Mar 24, 2017$1.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2024
Mar 24, 20170 then
Employees (5.A)19 as of Mar 27, 2024
Mar 24, 201735 then
Private funds1 as of Mar 27, 2024
Mar 24, 20172 then
RAUM -33% over the last fiscal year-44% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2024; 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
$40.9MderivedRAUM 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
-33%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 individuals, 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
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$296M81%
  • Corporations and businesses$71.8M19%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
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
      Every departureEvery arrival
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•• L•••no longer reportedPrivate Equity Fund$126M77Mar 3, 2014
      I• A•• S•••••• M•••• F•••no longer reportedHedge Fund$14.6M5Jun 2, 2016
      I• A•• S•••••• A•••• C••••• F•••Hedge Fund$8.3M6Mar 3, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • C••• H•• P••• · Chief Compliance Officercontrol
        since 02/2023 · owns less than 5%
      • N•••• E•••• H•• T• · Chief Executive Officercontrol
        since 05/2018 · owns less than 5%
      • N•••• E•••• H•• T• · Shareholdercontrol
        since 08/1999 · owns 75% or more of E• H••••••• I•••
      • D•••••• K•••• F••••••• · Director
        since 06/2023 · owns less than 5%
      • D••••••• J•••• B••••••• · Director
        since 06/2023 · owns less than 5%
      • H•••••• G•••••••• M•••• · Director
        since 06/2023 · owns less than 5%
      Entity owners
      • I••••• P••••••• A•••• M••••••••• ••••• L•••••• · Shareholder
        direct · owns 75% or more
      • E• H••••••• I••• · Shareholder
        indirect · owns 25% to 50% of I••••• P••••••• A•••• M••••••••• ••••• L••••••
      • P•••• C•••••• C•••••• L•• · Shareholder
        indirect · owns 25% to 50% of I••••• P••••••• A•••• M••••••••• ••••• L••••••
      • P•••• C•••••• H••••••• G• L•• · Shareholder
        indirect · owns 25% to 50% of I••••• P••••••• A•••• M••••••••• ••••• L••••••
      • P•••• C•••••• H••••••• L• · Shareholder
        indirect · owns 25% to 50% of I••••• P••••••• A•••• M••••••••• ••••• L••••••
      • P•••• C•••••• M••••••••• L•• · Shareholder
        indirect · owns 25% to 50% of I••••• P••••••• A•••• M••••••••• ••••• L••••••
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 11 to 9
        Jul 24, 2023 to Mar 27, 2024
      • Advisory employees · 10 to 7
        Jul 24, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 9 to 7
        Jul 24, 2023 to Mar 27, 2024
      • Employees · 21 to 19
        Jul 24, 2023 to Mar 27, 2024
      • Discretionary RAUM · $455M to $368M
        Jul 24, 2023 to Mar 27, 2024
      • Non-discretionary RAUM · $92.0M to $0
        Jul 24, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $478M to $296M
        Jul 24, 2023 to Mar 27, 2024
      • RAUM · $547M to $368M
        Jul 24, 2023 to Mar 27, 2024
      • Related bank · false to true
        Jul 24, 2023 to Mar 27, 2024
      • Accounts · 16 to 11
        Sep 20, 2022 to Mar 8, 2023
      • Pooled vehicle clients · 14 to 9
        Sep 20, 2022 to Mar 8, 2023
      • Employees · 24 to 21
        Sep 20, 2022 to Mar 8, 2023
      • Discretionary RAUM · $2.2B to $455M
        Sep 20, 2022 to Mar 8, 2023
      • Non-discretionary RAUM · $113M to $92.0M
        Sep 20, 2022 to Mar 8, 2023
      • Pooled vehicle RAUM · $2.2B to $478M
        Sep 20, 2022 to Mar 8, 2023
      • RAUM · $2.3B to $547M
        Sep 20, 2022 to Mar 8, 2023
      • Accounts · 19 to 16
        Nov 11, 2021 to Mar 29, 2022
      • Advisory employees · 8 to 10
        Nov 11, 2021 to Mar 29, 2022
      • Pooled vehicle clients · 17 to 14
        Nov 11, 2021 to Mar 29, 2022
      • Employees · 23 to 24
        Nov 11, 2021 to Mar 29, 2022
      • Discretionary RAUM · $1.9B to $2.2B
        Nov 11, 2021 to Mar 29, 2022
      • Non-discretionary RAUM · $156M to $113M
        Nov 11, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $2.0B to $2.2B
        Nov 11, 2021 to Mar 29, 2022
      • RAUM · $2.1B to $2.3B
        Nov 11, 2021 to Mar 29, 2022
      • Accounts · 24 to 19
        Jan 11, 2021 to Mar 31, 2021
      • Advisory employees · 7 to 8
        Jan 11, 2021 to Mar 31, 2021
      • Corporate clients · 3 to 2
        Jan 11, 2021 to Mar 31, 2021
      • Pooled vehicle clients · 21 to 17
        Jan 11, 2021 to Mar 31, 2021
      • Employees · 24 to 23
        Jan 11, 2021 to Mar 31, 2021
      • Discretionary RAUM · $1.4B to $1.9B
        Jan 11, 2021 to Mar 31, 2021
      • Non-discretionary RAUM · $278M to $156M
        Jan 11, 2021 to Mar 31, 2021
      • Pooled vehicle RAUM · $1.5B to $2.0B
        Jan 11, 2021 to Mar 31, 2021
      • RAUM · $1.6B to $2.1B
        Jan 11, 2021 to Mar 31, 2021
      • Accounts · 30 to 24
        Mar 29, 2019 to Mar 31, 2020
      • Corporate clients · 4 to 3
        Mar 29, 2019 to Mar 31, 2020
      • Pooled vehicle clients · 26 to 21
        Mar 29, 2019 to Mar 31, 2020
      • Private funds · 2 to 1
        Mar 29, 2019 to Mar 31, 2020
      • Discretionary RAUM · $947M to $1.4B
        Mar 29, 2019 to Mar 31, 2020
      • Non-discretionary RAUM · $258M to $278M
        Mar 29, 2019 to Mar 31, 2020
      • Pooled vehicle RAUM · $1.1B to $1.5B
        Mar 29, 2019 to Mar 31, 2020
      Signals
      16 dated events
      • I••••• P••••••• A•••• M••••••••• ••• L•••••• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $368.3M)
        May 2, 2025 · Left the SEC roster · derived
      • I••••• P••••••• A•••• M••••••••• ••• L•••••• reported RAUM $368.3M, down 33% from $547.0M (2023-07-24 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Hai Ping Cao (Chief Compliance Officer) appeared on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L••••••
        Jul 24, 2023 · Control person joined · fact
      • C•••• P••• A•••• Fok (Chief Operating Officer) no longer on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L•••••• (listed 2023-04-03, absent 2023-07-20)
        Jul 20, 2023 · Control person left · inference
      • I••••• P••••••• A•••• M••••••••• ••• L•••••• reported RAUM $547.0M, down 76% from $2.3B (2022-09-20 to 2023-03-08)
        Mar 8, 2023 · RAUM change · derived
      • Hiu Ming Susie Li (Head Of Legal And Compliance) no longer on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L•••••• (listed 2022-09-20, absent 2023-03-08)
        Mar 8, 2023 · Control person left · inference
      • Hanjoe Francis Tjia (Director) no longer on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L•••••• (listed 2022-03-29, absent 2022-09-20)
        Sep 20, 2022 · Control person left · inference
      • Siu Wai Eva Ip (Director) no longer on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L•••••• (listed 2022-03-29, absent 2022-09-20)
        Sep 20, 2022 · Control person left · inference
      • Hiu Ming Susie Li (Head Of Legal And Compliance) appeared on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L••••••
        Nov 11, 2021 · Control person joined · fact
      • C•••• P••• A•••• Fok (Deputy Chief Operating Officer) appeared on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L••••••
        Nov 11, 2021 · Control person joined · fact
      • S••• Son P••• (General Counsel) no longer on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L•••••• (listed 2021-03-31, absent 2021-11-11)
        Nov 11, 2021 · Control person left · inference
      • I••••• P••••••• A•••• M••••••••• ••• L•••••• reported RAUM $2.1B, up 26% from $1.6B (2021-01-11 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Peng Nan Shen (Director) no longer on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L•••••• (listed 2020-08-17, absent 2021-01-11)
        Jan 11, 2021 · Control person left · inference
      • Siu Wai Eva Ip (Director) appeared on Schedule A of I••••• P••••••• A•••• M••••••••• ••• L••••••
        Jan 11, 2021 · Control person joined · fact
      • I••••• P••••••• A•••• M••••••••• ••• L•••••• reported RAUM $1.6B, up 36% from $1.2B (2019-03-29 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • I••••• P••••••• A•••• M••••••••• ••• L•••••• filed its initial SEC registration (Form ADV)
        Jun 2, 2016 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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