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

S•••••••• A•••• M••••••••• S• S••••

Asset manager (funds and pooled vehicles)Madrid, CRD 143883SEC 801-68002websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 30, 2012 · 31 filings
SEC status approved since Jul 5, 2007
RAUM
$160B
reported, Item 5.F
Discretionary
85%
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
231
118 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$160B as of Mar 27, 2026
Mar 30, 2012$3.3B then
HNW client RAUM$0 as of Mar 27, 2026
Mar 28, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 26, 20130 then
Employees (5.A)231 as of Mar 27, 2026
Mar 26, 2013103 then
Private funds: no history
RAUM +45% over the last fiscal year+23% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 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
$166MderivedRAUM over accounts (5.F.2.f)
Discretionary
85%derivedof RAUM
Institutional
13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+45%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
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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$98B61%
  • Banks and thrifts$35B22%
  • Insurance companies$20B12%
  • Corporations and businesses$5.6B3.5%
  • Pension and profit-sharing plans$1.6B1.0%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
6reported
Charitable clients
0reported
Accounts
964reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.61 institutional_share=0.13 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••••• N•••••• · Director And Chief Executive Officercontrol
        since 10/2022 · owns less than 5%
      • C••••••••• P•••• · Chief Compliance Officercontrol
        since 10/2019 · owns less than 5%
      • D• L••••••••• L••••• · Director, President And Chairman Of The Boardcontrol
        since 02/2018 · owns less than 5%
      • G••••••••• J••• · Chief Financial Officercontrol
        since 04/2014 · owns less than 5%
      • G•••••• J•••• M•••••• · Independent Director, Board Membercontrol
        since 02/2018 · owns less than 5%
      • M••••••••• M••••• L•• · Directorcontrol
        since 01/2023 · owns less than 5%
      • O••••••••• J••••• · Chief Investment Officercontrol
        since 04/2018 · owns less than 5%
      • P••••••••• I•••••• · Chief Operations Officercontrol
        since 04/2014 · owns less than 5%
      • U••••••••• M•••• · Chief Legal Officer/Secretarycontrol
        since 12/2014 · owns less than 5%
      Entity owners
      • S•• I••••••••• H••••••• S• · Shareholder
        direct · owns 75% or more
      • S•••••••• P•••••••• S•• E••• · Shareholder
        direct · owns less than 5%
      • B•••• S••••••••• S••• · Shareholder
        indirect · owns 75% or more of S•••••• H•••••• S•
      • S•••••• H•••••• S• · Shareholder
        indirect · owns 50% to 75% of S•• I••••••••• H••••••• S•
      Related persons
      Schedule D 7.A
      • B•••• S••••••••• S•••
        y
      • S•••••••• A•••• M••••••••• U• L••••••
        investment advisern
      • S•••••••• P•••••• B•••••• G••••••• S••• S••••
        investment advisern
      Advisers that list S•••••••• A•••• M••••••••• S• S•••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Frankfurt Am Main, Germany3 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • affiliate changedChange between filings · filing Mar 27, 2026
        broker-dealer affiliate (Item 7.A.1): yes on the filing of 2025-03-26, no on the filing of 2026-03-27
        peers: asset managers, $20B and over (512)
      What changed
      consecutive filings, newest first
      • Accounts · 800 to 964
        Mar 26, 2025 to Mar 27, 2026
      • Advisory employees · 83 to 118
        Mar 26, 2025 to Mar 27, 2026
      • Pooled vehicle clients · 161 to 274
        Mar 26, 2025 to Mar 27, 2026
      • Employees · 210 to 231
        Mar 26, 2025 to Mar 27, 2026
      • Discretionary RAUM · $90B to $135B
        Mar 26, 2025 to Mar 27, 2026
      • Non-discretionary RAUM · $21B to $24B
        Mar 26, 2025 to Mar 27, 2026
      • Pension RAUM · $1.4B to $1.6B
        Mar 26, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $75B to $98B
        Mar 26, 2025 to Mar 27, 2026
      • RAUM · $110B to $160B
        Mar 26, 2025 to Mar 27, 2026
      • Related adviser · true to false
        Mar 26, 2025 to Mar 27, 2026
      • Related broker-dealer · true to false
        Mar 26, 2025 to Mar 27, 2026
      • Accounts · 1,264 to 800
        Mar 22, 2024 to Mar 26, 2025
      • Advisory employees · 84 to 83
        Mar 22, 2024 to Mar 26, 2025
      • Corporate clients · 7 to 4
        Mar 22, 2024 to Mar 26, 2025
      • Pension plan clients · 2 to 6
        Mar 22, 2024 to Mar 26, 2025
      • Pooled vehicle clients · 156 to 161
        Mar 22, 2024 to Mar 26, 2025
      • Employees · 201 to 210
        Mar 22, 2024 to Mar 26, 2025
      • Financial planning clients · 0 to 0
        Mar 22, 2024 to Mar 26, 2025
      • HQ state · unset to
        Mar 22, 2024 to Mar 26, 2025
      • Discretionary RAUM · $83B to $90B
        Mar 22, 2024 to Mar 26, 2025
      • Non-discretionary RAUM · $22B to $21B
        Mar 22, 2024 to Mar 26, 2025
      • Pension RAUM · $1.3B to $1.4B
        Mar 22, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $70B to $75B
        Mar 22, 2024 to Mar 26, 2025
      • RAUM · $105B to $110B
        Mar 22, 2024 to Mar 26, 2025
      • Accounts · 1,163 to 1,264
        Mar 29, 2023 to Mar 22, 2024
      • Advisory employees · 104 to 84
        Mar 29, 2023 to Mar 22, 2024
      • Corporate clients · 1 to 7
        Mar 29, 2023 to Mar 22, 2024
      • Pooled vehicle clients · 135 to 156
        Mar 29, 2023 to Mar 22, 2024
      • Employees · 240 to 201
        Mar 29, 2023 to Mar 22, 2024
      • Discretionary RAUM · $70B to $83B
        Mar 29, 2023 to Mar 22, 2024
      • Non-discretionary RAUM · $17B to $22B
        Mar 29, 2023 to Mar 22, 2024
      • Pension RAUM · $1.2B to $1.3B
        Mar 29, 2023 to Mar 22, 2024
      • Pooled vehicle RAUM · $58B to $70B
        Mar 29, 2023 to Mar 22, 2024
      • RAUM · $87B to $105B
        Mar 29, 2023 to Mar 22, 2024
      • Accounts · 1,115 to 1,163
        Mar 29, 2022 to Mar 29, 2023
      • Advisory employees · 90 to 104
        Mar 29, 2022 to Mar 29, 2023
      • Employees · 212 to 240
        Mar 29, 2022 to Mar 29, 2023
      • Discretionary RAUM · $78B to $70B
        Mar 29, 2022 to Mar 29, 2023
      • Non-discretionary RAUM · $20B to $17B
        Mar 29, 2022 to Mar 29, 2023
      • Pension RAUM · $1.3B to $1.2B
        Mar 29, 2022 to Mar 29, 2023
      Signals
      15 dated events
      • S•••••••• A•••• M••••••••• S• S•••• reported RAUM $159.9B, up 45% from $110.2B (2025-03-26 to 2026-03-27)
        Mar 27, 2026 · RAUM change · derived
      • Luz Maria Medina-Vazquez (Director) appeared on Schedule A of S•••••••• A•••• M••••••••• S• S••••
        Mar 29, 2023 · Control person joined · fact
      • Nicolas Barquero-Aranda (Director And Chief Executive Officer) appeared on Schedule A of S•••••••• A•••• M••••••••• S• S••••
        Mar 29, 2023 · Control person joined · fact
      • Angel Miguel Sanchez-Lozano (Director, President And Chief Executive Officer) no longer on Schedule A of S•••••••• A•••• M••••••••• S• S•••• (listed 2022-03-29, absent 2023-03-29)
        Mar 29, 2023 · Control person left · inference
      • Jesus Ruiz-Castaneda (Director) no longer on Schedule A of S•••••••• A•••• M••••••••• S• S•••• (listed 2022-03-29, absent 2023-03-29)
        Mar 29, 2023 · Control person left · inference
      • Alberto Delgado-Moreno (Director) no longer on Schedule A of S•••••••• A•••• M••••••••• S• S•••• (listed 2020-08-31, absent 2021-03-25)
        Mar 25, 2021 · Control person left · inference
      • Pablo Corton-Cerro (Chief Compliance Officer) appeared on Schedule A of S•••••••• A•••• M••••••••• S• S••••
        Mar 26, 2020 · Control person joined · fact
      • Alberto Delgado-Moreno (Director) appeared on Schedule A of S•••••••• A•••• M••••••••• S• S••••
        Mar 26, 2020 · Control person joined · fact
      • Ignacio Juan Sobera Leboreiro (Chief Compliance Officer) no longer on Schedule A of S•••••••• A•••• M••••••••• S• S•••• (listed 2019-03-27, absent 2020-03-26)
        Mar 26, 2020 · Control person left · inference
      • Gonzalo Milans Del Bosch (Director) no longer on Schedule A of S•••••••• A•••• M••••••••• S• S•••• (listed 2019-03-27, absent 2020-03-26)
        Mar 26, 2020 · Control person left · inference
      • Manuel J••• Perez Jofre (Chief Investment Officer) no longer on Schedule A of S•••••••• A•••• M••••••••• S• S•••• (listed 2019-01-11, absent 2019-03-27)
        Mar 27, 2019 · Control person left · inference
      • J•••• M••••••••• (Director) no longer on Schedule A of S•••••••• A•••• M••••••••• S• S•••• (listed 2019-01-11, absent 2019-03-27)
        Mar 27, 2019 · Control person left · inference
      • Angel Miguel Sanchez-Lozano (Director, President And Chief Executive Officer) appeared on Schedule A of S•••••••• A•••• M••••••••• S• S••••
        Mar 27, 2019 · Control person joined · fact
      • Jacobo Ortega-Vich (Chief Investment Officer) appeared on Schedule A of S•••••••• A•••• M••••••••• S• S••••
        Mar 27, 2019 · Control person joined · fact
      • Jesus Ruiz-Castaneda (Director) appeared on Schedule A of S•••••••• A•••• M••••••••• S• S••••
        Mar 27, 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
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      34 912574020reportedpublic record, Form ADV, Mar 27, 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