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
Pasi Investments, LLC
Latest filing Mar 27, 2026
First filing on the tape Dec 16, 2011 · 41 filings
SEC status approved since Jan 16, 2008
RAUM
$676M
reported, Item 5.F
Discretionary
87%
of RAUM
Private clients
22%
$146M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$169M
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$676M as of Mar 27, 2026
Feb 3, 2012$122M then
HNW client RAUM$81.2M as of Mar 27, 2026
Mar 29, 2018$2.1M then
State-registered IARs (5.B.3)4 as of Mar 27, 2026
Jan 29, 20133 then
Employees (5.A)8 as of Mar 27, 2026
Jan 29, 20135 then
Private funds: no history
RAUM +20% over the last fiscal year+14% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $169MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 63derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $1.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 87%derivedof RAUM
- Institutional
- 78%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -7.7%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Custody
- $1.5M, 1 clientsreportedItem 9.A
- Ownership
- a PE fund or sponsor is a 25 percent or greater owner 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)
- 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
- Pension and profit-sharing plans$505M75%
- High-net-worth individuals$81.2M12%
- Individuals$65.0M9.6%
- State and municipal entities$25.0M3.7%
- Individual clients
- 216reported
- HNW clients
- 35reported
- Pension plan clients
- 179reported
- Charitable clients
- n/areported
- Accounts
- 439reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.5M for 1 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.22 fund_share=0.0 institutional_share=0.78 related_bd=true 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
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Thomas Mcmahon Rianhard to Budnick Capital, LLCFeb 22, 2022 · Other
- Todd Alan Davis to First Citizens Investor Services, Inc.Nov 6, 2008 · Other
Joined, latest
- Ashley W Rendon from Edward JonesMar 7, 2022 · Other
- Jeffrey Michael Pangaro from Pangaro Wealth Management, LLCAug 5, 2021 · Other
- Thomas Mcmahon Rianhard from FmiJul 12, 2016 · Other
- Todd Alan Davis from Tower Square Securities, Inc.Feb 26, 2008 · Other
- Paul Roger Martel from Yhb Retirement Services, LLCJan 16, 2008 · Other
- Ronald Jay Fishman from Yhb Retirement Services, LLCJan 16, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Joy Melanie Hancock Brown · Chief Compliance Officercontrolsince 09/2023 · owns less than 5%
- Jacques Pierre · Senior Vp & Secretarycontrolsince 09/2023 · owns less than 5%
- Gerard Matthew Riordan · Chief Financial Officercontrolsince 09/2023 · owns less than 5%
- E Megan Schneider · Chairman & Treasurercontrolsince 09/2023 · owns less than 5%
Entity owners
- U.S. Retirement Partners, Inc. · Memberdirect · owns 75% or more
- Kusrp Acquisition, Inc. · Shareholderindirect · owns 75% or more of Usrp Holdings, Inc.
- Kusrp Holdings, Inc. · Shareholderindirect · owns 75% or more of Kusrp Intermediate, Inc.
- Kusrp Intermediate, Inc. · Shareholderindirect · owns 75% or more of Kusrp Acquisition, Inc.
- Tvg-Kusrp Aggregator, LP · Limited Partnerindirect · owns 50% to 75% of Tvg-Kusrp Holdings, LP
- Tvg-Kusrp Holdings Gp, LLC · General Partnerindirect · owns F of Tvg-Kusrp Aggregator, LP
- Tvg-Kusrp Holdings Gp, LLC · General Partnerindirect · owns F of Tvg-Kusrp Holdings, LP
- Tvg-Kusrp Holdings, LP · Shareholderindirect · owns 75% or more of Kusrp Holdings, Inc.
- Usrp Holdings, Inc. · Shareholderindirect · owns 75% or more of U.S. Retirement Partners, Inc.
- Vistria Fund V (Ft), LP · Limited Partnerindirect · owns 25% to 50% of Tvg-Kusrp Aggregator, LP
- Vistria Fund V, LP · Limited Partnerindirect · owns 50% to 75% of Tvg-Kusrp Aggregator, LP
- Vistria Gp V, LP · General Partnerindirect · owns F of Vistria Fund V (Ft), LP
- Vistria Gp V, LP · General Partnerindirect · owns F of Vistria Fund V, LP
Related persons
Schedule D 7.A
- Ingham Retirement Groupinvestment adviserLP sponsorreal estatenRAUM $2.6B
- Midamerica Securities, LLCbroker-dealern
- Pasi LLCLP sponsory
- Daybright Advisory Services, Inc.investment adviseryRAUM $997M
Advisers that list Pasi Investments, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Farmington, Ct · principal | 4 | 0 | 0 | ||
| Cheshire, Ct | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Cheshire, CT2 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Mar 27, 2026institutional share of RAUM of 78% against a peer median of 2% (1482 comparable advisers, 100.0th percentile, 25.9 robust deviations)peers: independent wealth managers, $500M to $1B (1,482) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 467 to 439Mar 27, 2025 to Mar 27, 2026
- HNW clients · 71 to 35Mar 27, 2025 to Mar 27, 2026
- Individual clients · 201 to 216Mar 27, 2025 to Mar 27, 2026
- Pension plan clients · 189 to 179Mar 27, 2025 to Mar 27, 2026
- Discretionary RAUM · $454M to $590MMar 27, 2025 to Mar 27, 2026
- HNW RAUM · $76.4M to $81.2MMar 27, 2025 to Mar 27, 2026
- Individual RAUM · $53.1M to $65.0MMar 27, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $110M to $86.7MMar 27, 2025 to Mar 27, 2026
- Pension RAUM · $415M to $505MMar 27, 2025 to Mar 27, 2026
- RAUM · $564M to $676MMar 27, 2025 to Mar 27, 2026
- Accounts · 734 to 467Jun 5, 2024 to Mar 27, 2025
- HNW clients · 56 to 71Jun 5, 2024 to Mar 27, 2025
- Individual clients · 192 to 201Jun 5, 2024 to Mar 27, 2025
- Pension plan clients · 187 to 189Jun 5, 2024 to Mar 27, 2025
- Assets in custody · $1.3M to $1.5MJun 5, 2024 to Mar 27, 2025
- Financial planning clients · 0 to 0Jun 5, 2024 to Mar 27, 2025
- Other offices · 3 to 2Jun 5, 2024 to Mar 27, 2025
- Discretionary RAUM · $400M to $454MJun 5, 2024 to Mar 27, 2025
- HNW RAUM · $57.8M to $76.4MJun 5, 2024 to Mar 27, 2025
- Individual RAUM · $39.3M to $53.1MJun 5, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $104M to $110MJun 5, 2024 to Mar 27, 2025
- Pension RAUM · $387M to $415MJun 5, 2024 to Mar 27, 2025
- RAUM · $503M to $564MJun 5, 2024 to Mar 27, 2025
- Other offices · 2 to 3Apr 15, 2024 to Jun 5, 2024
- Other offices · 1 to 2Mar 20, 2024 to Apr 15, 2024
- Accounts · 783 to 734Oct 10, 2023 to Mar 19, 2024
- Advisory employees · 3 to 4Oct 10, 2023 to Mar 19, 2024
- HNW clients · 41 to 56Oct 10, 2023 to Mar 19, 2024
- Individual clients · 195 to 192Oct 10, 2023 to Mar 19, 2024
- Pension plan clients · 172 to 187Oct 10, 2023 to Mar 19, 2024
- Assets in custody · unset to 1294874.0Oct 10, 2023 to Mar 19, 2024
- Custody of client assets · false to trueOct 10, 2023 to Mar 19, 2024
- Employees · 7 to 8Oct 10, 2023 to Mar 19, 2024
- Financial planning clients · unset to 0Oct 10, 2023 to Mar 19, 2024
- Discretionary RAUM · $353M to $400MOct 10, 2023 to Mar 19, 2024
- HNW RAUM · $37.5M to $57.8MOct 10, 2023 to Mar 19, 2024
- Individual RAUM · $30.2M to $39.3MOct 10, 2023 to Mar 19, 2024
- Non-discretionary RAUM · $98.0M to $104MOct 10, 2023 to Mar 19, 2024
- Pension RAUM · $367M to $387MOct 10, 2023 to Mar 19, 2024
- RAUM · $451M to $503MOct 10, 2023 to Mar 19, 2024
Signals
11 dated events
- J David Wetsman (Managing Partner) no longer on Schedule A of Pasi Investments, Llc (listed 2023-10-10, absent 2024-03-19)Mar 19, 2024 · Control person left · inference
- Lori Wetsman (Shareholder Of Pension Administrative Services Inc) no longer on Schedule A of Pasi Investments, Llc (listed 2023-08-09, absent 2023-09-29)Sep 29, 2023 · Control person left · inference
- Jay Ronald Fishman (Owner) no longer on Schedule A of Pasi Investments, Llc (listed 2023-08-09, absent 2023-09-29)Sep 29, 2023 · Control person left · inference
- Michael Jeffrey Pangaro (Owner) no longer on Schedule A of Pasi Investments, Llc (listed 2023-08-09, absent 2023-09-29)Sep 29, 2023 · Control person left · inference
- E Megan Schneider (Chairman & Treasurer) appeared on Schedule A of Pasi Investments, LlcSep 29, 2023 · Control person joined · fact
- Gerard Matthew Riordan (Chief Financial Officer) appeared on Schedule A of Pasi Investments, LlcSep 29, 2023 · Control person joined · fact
- Jacques Pierre (Senior Vp & Secretary) appeared on Schedule A of Pasi Investments, LlcSep 29, 2023 · Control person joined · fact
- Joy Melanie Hancock Brown (Chief Compliance Officer) appeared on Schedule A of Pasi Investments, LlcSep 29, 2023 · Control person joined · fact
- Pasi Investments, Llc reported RAUM $508.6M, up 32% from $385.7M (2022-01-03 to 2022-03-22)Mar 22, 2022 · RAUM change · derived
- Thomas Mcmahon Rianhard left Pasi Investments, Llc for Budnick Capital, Llc (registered 2024-02-15)Feb 22, 2022 · Advisor changed firm · fact
- Michael Jeffrey Pangaro (Owner) appeared on Schedule A of Pasi Investments, LlcJul 19, 2021 · 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
- Business phone
- 860-284-6880reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 860-284-6887reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- pasiusa.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 860-284-6880reportedpublic record, Form ADV, Mar 27, 2026
- Contact form
- pasiusa.com/contactreportedpublished by the firm, firm site, Sep 16, 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
- $169Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026