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.
SEC-registered adviser
Hallador Investment Advisors, Inc.
Latest filing Sep 4, 2026
First filing on the tape Mar 30, 2012 · 26 filings
SEC status approved since Aug 9, 2006
RAUM
$271M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
2.7%
$7.3M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
9
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$271M as of Mar 31, 2026
Mar 30, 2012$359M then
HNW client RAUM$7.3M as of Mar 31, 2026
Mar 30, 2018$21.0M then
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 27, 20131 then
Employees (5.A)9 as of Mar 31, 2026
Mar 27, 20132 then
Private funds6 as of Mar 31, 2026
Mar 30, 20124 then
RAUM -14% over the last fiscal year-2.9% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Sep 4, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $271MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 9derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $911,550derivedHNW RAUM over HNW clients
- Average account
- $19.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 9.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $3.5M, 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)
- 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$263M97%
- High-net-worth individuals$7.3M2.7%
- Individuals$7,1230.0%
- Individual clients
- 1reported
- HNW clients
- 8reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 14reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.5M for 3 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.03 fund_share=0.97 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
- Ryan Peter Ritchie to 7twoNov 30, 2018 · Other
Joined, latest
none on the tape
Private funds
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Hallador Alternative Assets Fund LLC | Other Private Fund | $176M | 3 | Mar 30, 2012 |
| Hallador Equity Fund LLCno longer reported | Private Equity Fund | $88.0M | 15 | Mar 30, 2012 |
| Hallador Balanced Fund LLC | Other Private Fund | $82.2M | 31 | Mar 30, 2012 |
| The Moka Fund LP | Hedge Fund | $28.6M | 19 | Mar 6, 2019 |
| Hallador Cash Fund LP | Liquidity Fund | $4.8M | 23 | Mar 30, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Clyde David Hardie · Executive Chairman Of The Boardcontrolsince 05/2004 · owns 75% or more
- Margaret Aileen Hourigan · Chief Financial Officer/Chief Compliance Officercontrolsince 06/2018 · owns less than 5%
- Daniel Kevin Leary · President And Ceocontrolsince 06/2018 · owns less than 5%
Related persons
Schedule D 7.A
- Hallador Management LLCpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
- Westport, CT1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- private fund count surgeChange between filings · filing Mar 31, 2026private funds (Schedule D 7.B.1) moved from 4.0 to 6.0 (+50.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (735 comparable advisers, 95.0th percentile of changes)peers: asset managers, $100M to $500M (735) · 95% percentile
What changed
consecutive filings, newest first
- Financial planning clients · to unsetMar 31, 2026 to Sep 4, 2026
- Private funds · 6 to unsetMar 31, 2026 to Sep 4, 2026
- Succession · false to unsetMar 31, 2026 to Sep 4, 2026
- Advisory employees · 5 to 4Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle clients · 5 to 7Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $35.1M to $3.5MMar 31, 2025 to Mar 31, 2026
- Private funds · 4 to 6Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $315M to $271MMar 31, 2025 to Mar 31, 2026
- HNW RAUM · $8.6M to $7.3MMar 31, 2025 to Mar 31, 2026
- Individual RAUM · $5,943 to $7,123Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $307M to $263MMar 31, 2025 to Mar 31, 2026
- RAUM · $315M to $271MMar 31, 2025 to Mar 31, 2026
- Accounts · 26 to 14Mar 28, 2024 to Mar 31, 2025
- Advisory employees · 4 to 5Mar 28, 2024 to Mar 31, 2025
- HNW clients · 12 to 8Mar 28, 2024 to Mar 31, 2025
- Individual clients · 9 to 1Mar 28, 2024 to Mar 31, 2025
- Assets in custody · $28.6M to $35.1MMar 28, 2024 to Mar 31, 2025
- Employees · 10 to 9Mar 28, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 31, 2025
- Other offices · 1 to 2Mar 28, 2024 to Mar 31, 2025
- Discretionary RAUM · $307M to $315MMar 28, 2024 to Mar 31, 2025
- HNW RAUM · $8.1M to $8.6MMar 28, 2024 to Mar 31, 2025
- Individual RAUM · $35,400 to $5,943Mar 28, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $299M to $307MMar 28, 2024 to Mar 31, 2025
- RAUM · $307M to $315MMar 28, 2024 to Mar 31, 2025
- Accounts · 33 to 26Mar 31, 2023 to Mar 28, 2024
- HNW clients · 21 to 12Mar 31, 2023 to Mar 28, 2024
- Individual clients · 7 to 9Mar 31, 2023 to Mar 28, 2024
- Assets in custody · $354M to $28.6MMar 31, 2023 to Mar 28, 2024
- Employees · 8 to 10Mar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $296M to $307MMar 31, 2023 to Mar 28, 2024
- HNW RAUM · $8.9M to $8.1MMar 31, 2023 to Mar 28, 2024
- Individual RAUM · $34,578 to $35,400Mar 31, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $287M to $299MMar 31, 2023 to Mar 28, 2024
- RAUM · $296M to $307MMar 31, 2023 to Mar 28, 2024
- Accounts · 32 to 33Mar 31, 2022 to Mar 31, 2023
- HNW clients · 23 to 21Mar 31, 2022 to Mar 31, 2023
- Individual clients · unset to 7.0Mar 31, 2022 to Mar 31, 2023
- Employees · 7 to 8Mar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $354M to $296MMar 31, 2022 to Mar 31, 2023
Signals
No event on the tape.
Across DFX
shared identifiers only, never a name match
- Hallador Investment Advisors, Inc. · Independent Sponsorsshared crd · capital_provider
- Hallador Investment Advisors, Inc. · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/halladorreportedpublic record, Form ADV, Sep 17, 2026
- Website
- hallador.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 775-548-1730reportedpublic record, Form ADV, Sep 4, 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