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

N••••••• I••••••••• P•••••••• L•••

Wealth manager with institutional or fund businessSan Diego, CaliforniaCRD 140159SEC 801-66532websiteIAPD
Latest filing Jul 10, 2026
First filing on the tape Apr 2, 2012 · 30 filings
SEC status approved since Apr 17, 2006
RAUM
$1.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
37%
$536M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$725M
derived; firm RAUM over IAPD count
Employees
12
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$1.5B as of Jul 10, 2026
Apr 2, 2012$604M then
HNW client RAUM$536M as of Jul 10, 2026
Mar 31, 2018$806M then
State-registered IARs (5.B.3)2 as of Jul 10, 2026
Apr 2, 20120 then
Employees (5.A)12 as of Jul 10, 2026
Apr 1, 201312 then
Private funds3 as of Jul 10, 2026
Apr 2, 20122 then
RAUM +22% over the last fiscal year+5.2% a year over threeIARs 2 to 2offices 2 to 1
Practice profile
derived from the filing of Jul 10, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$725MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$67.0MderivedHNW RAUM over HNW clients
Average account
$45.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
29%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
1.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 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 vehicles, portfolio management for investment companies, otherreportedItem 5.G
Custody
$348M, 3 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$536M37%
  • State and municipal entities$401M28%
  • Pooled investment vehicles$348M24%
  • Investment companies$143M9.9%
  • Charitable organizations$22.5M1.5%
Individual clients
n/areported
HNW clients
8reported
Pension plan clients
0reported
Charitable clients
3reported
Accounts
32reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$348M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.37 fund_share=0.34 institutional_share=0.29 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• D•••• W••••San Diego, CaNov 24, 202535 y1
C••••••••• P••• S••••••San Diego, CaDec 8, 202519 y2
Advisor movement
0 left, 2 joined in 12 months
Private funds
4 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
P•••••••• F••• L•••Hedge Fund$243M15Apr 2, 2012
N••••••••• L•••no longer reportedHedge Fund$97.7M53May 24, 2018
N•••••• L•Hedge Fund$75.7M7Mar 30, 2022
N••••••• I••••••••• P••••••• C••••••••• F••• L•••Other Private Fund$29.8M6Apr 2, 2012
Owners and control persons
Schedule A and B, latest filing
  • N•••••••• A•••••• E••••• · Senior Advisorcontrol
    since 03/2006 · owns less than 5%
  • S••••••• N•••••••• C••••••••• · Chief Officercontrol
    since 03/2006 · owns less than 5%
  • N•••••••• A•••••• E••••• · Limited Partner, As Single Member Of Aen Wy LLCcontrol
    since 02/2017 · owns 25% to 50% of N•• 3• L•
  • S••••••• N•••••••• C••••••••• C•••••••• · Managing Partner, As Single Member Of Ccn Wy LLCcontrol
    since 02/2017 · owns 25% to 50% of N•• 3• L•
  • G•••• M••••• · Portfolio Manager
    since 01/2025 · owns less than 5%
  • N••••••• C•••••••• · Cco
    since 08/2019 · owns less than 5%
  • R•••••• A••••••••• S•••••• · Head Trader
    since 01/2017 · owns less than 5%
  • S••••••• C••••••••• P••• · President, Coo
    since 04/2011 · owns less than 5%
  • W••••••• T••••• L••• · Marketing Manager
    since 03/2009 · owns less than 5%
  • W••••• J•••• D•••• · Portfolio Manager
    since 01/2008 · owns less than 5%
Entity owners
  • N••••••• I••••••••• P•••••••• L•• · General Partner
    direct · owns less than 5%
  • N•• 3• L• · Limited Partner
    direct · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
San Diego, Ca · principal220
Offices
Schedule D 1.F, the 25 largest
  • Rancho Santa Fe, CA12 employees
  • Douglas, WY2 employees
What changed
consecutive filings, newest first
  • Advisory activities · 4 to 5
    Mar 25, 2026 to Jul 10, 2026
  • Assets in custody · $337M to $348M
    Sep 26, 2025 to Mar 25, 2026
  • HQ city · RANCHO SANTA FE to SAN DIEGO
    Sep 26, 2025 to Mar 25, 2026
  • Other offices · 2 to 1
    Sep 26, 2025 to Mar 25, 2026
  • Discretionary RAUM · $1.3B to $1.5B
    Sep 26, 2025 to Mar 25, 2026
  • HNW RAUM · $494M to $536M
    Sep 26, 2025 to Mar 25, 2026
  • Pooled vehicle RAUM · $337M to $348M
    Sep 26, 2025 to Mar 25, 2026
  • RAUM · $1.3B to $1.5B
    Sep 26, 2025 to Mar 25, 2026
  • Accounts · 33 to 32
    Mar 28, 2025 to Sep 26, 2025
  • BD registered reps · 0 to 1
    Mar 28, 2025 to Sep 26, 2025
  • HNW clients · 7 to 8
    Mar 28, 2025 to Sep 26, 2025
  • Pension plan clients · 1 to 0
    Mar 28, 2025 to Sep 26, 2025
  • Pooled vehicle clients · 4 to 3
    Mar 28, 2025 to Sep 26, 2025
  • Assets in custody · $290M to $337M
    Mar 28, 2025 to Sep 26, 2025
  • Insurance-licensed employees · 1 to 0
    Mar 28, 2025 to Sep 26, 2025
  • Discretionary RAUM · $1.2B to $1.3B
    Mar 28, 2025 to Sep 26, 2025
  • HNW RAUM · $409M to $494M
    Mar 28, 2025 to Sep 26, 2025
  • Non-discretionary RAUM · $2.6M to $0
    Mar 28, 2025 to Sep 26, 2025
  • Pension RAUM · 4354084.0 to unset
    Mar 28, 2025 to Sep 26, 2025
  • Pooled vehicle RAUM · $347M to $337M
    Mar 28, 2025 to Sep 26, 2025
  • RAUM · $1.2B to $1.3B
    Mar 28, 2025 to Sep 26, 2025
  • Accounts · 32 to 33
    Mar 28, 2024 to Mar 28, 2025
  • Advisory employees · 4 to 5
    Mar 28, 2024 to Mar 28, 2025
  • Assets in custody · $236M to $290M
    Mar 28, 2024 to Mar 28, 2025
  • Financial planning clients · unset to
    Mar 28, 2024 to Mar 28, 2025
  • Discretionary RAUM · $921M to $1.2B
    Mar 28, 2024 to Mar 28, 2025
  • HNW RAUM · $309M to $409M
    Mar 28, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $2.4M to $2.6M
    Mar 28, 2024 to Mar 28, 2025
  • Pension RAUM · $4.5M to $4.4M
    Mar 28, 2024 to Mar 28, 2025
  • Pooled vehicle RAUM · $281M to $347M
    Mar 28, 2024 to Mar 28, 2025
  • RAUM · $924M to $1.2B
    Mar 28, 2024 to Mar 28, 2025
  • Related adviser · false to true
    Mar 28, 2024 to Mar 28, 2025
  • Accounts · 33 to 32
    Nov 22, 2023 to Mar 28, 2024
  • Advisory employees · 6 to 4
    Nov 22, 2023 to Mar 28, 2024
  • Assets in custody · $195M to $236M
    Nov 22, 2023 to Mar 28, 2024
  • Employees · 11 to 12
    Nov 22, 2023 to Mar 28, 2024
  • Discretionary RAUM · $779M to $921M
    Nov 22, 2023 to Mar 28, 2024
  • HNW RAUM · $266M to $309M
    Nov 22, 2023 to Mar 28, 2024
  • Non-discretionary RAUM · $2.2M to $2.4M
    Nov 22, 2023 to Mar 28, 2024
  • Pension RAUM · $3.7M to $4.5M
    Nov 22, 2023 to Mar 28, 2024
Signals
5 dated events
  • N••••••• I••••••••• P•••••••• L••• reported RAUM $1.2B, up 28% from $923.9M (2024-03-28 to 2025-03-28)
    Mar 28, 2025 · RAUM change · derived
  • N••••••• I••••••••• P•••••••• L••• reported RAUM $780.9M, down 37% from $1.2B (2023-03-30 to 2023-11-22)
    Nov 22, 2023 · RAUM change · derived
  • N••••••• I••••••••• P•••••••• L••• reported RAUM $1.2B, down 31% from $1.8B (2022-11-04 to 2023-03-30)
    Mar 30, 2023 · RAUM change · derived
  • N••••••• I••••••••• P•••••••• L••• reported RAUM $1.6B, up 34% from $1.2B (2020-06-30 to 2021-03-30)
    Mar 30, 2021 · RAUM change · derived
  • N••••••• I••••••••• P•••••••• L••• reported RAUM $1.3B, down 32% from $1.9B (2018-05-24 to 2019-03-29)
    Mar 29, 2019 · RAUM change · derived
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
Firm profile
linkedin.com/company/6048508/admin/dashboardreportedpublic record, Form ADV, Sep 18, 2026
Website
nicfunds.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
858-759-4545reportedpublic record, Form ADV, Jul 10, 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
Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor
$725Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026