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.

Former SEC-registered adviser

Piper Jaffray Investment Management, LLC

Former SEC-registered adviserMinneapolis, MinnesotaCRD 145876SEC 801-68637IAPD
Latest filing Mar 31, 2021
First filing on the tape Mar 29, 2012 · 37 filings
RAUM
$1.5M
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
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$3.8M gross assets
History
37 filings and snapshots on the tape
RAUM$1.5M as of Mar 31, 2021
Mar 30, 2012$441M then
HNW client RAUM: $0
State-registered IARs (5.B.3)0 as of Mar 31, 2021
Mar 28, 20136 then
Employees (5.A)2 as of Mar 31, 2021
Mar 28, 201322 then
Private funds1 as of Mar 31, 2021
Mar 30, 20121 then
RAUM -61% over the last fiscal year-85% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2021; 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
$1.5MderivedRAUM 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
-61%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 pooled vehiclesreportedItem 5.G
Custody
$1.5M, 1 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)
  • 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
  • Pooled investment vehicles$1.5M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$1.5M for 1 clientsreported
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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    4 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Piper Jaffray Municipal Opportunities Fund II, LPno longer reportedHedge Fund$416M2Aug 1, 2012
    Piper Jaffray Municipal Opportunities Fund, LPno longer reportedHedge Fund$357M34Mar 29, 2012
    Piper Jaffray Municipal Opportunities Fund (Offshore), Ltd.no longer reportedHedge Fund$21.3M13Jan 14, 2013
    Piper Jaffray Senior Living Fund I, L.P.Private Equity Fund$3.8M26Nov 27, 2013
    Owners and control persons
    Schedule A and B, latest filing
    • Lee Timothy Carter · Chief Financial Officercontrol
      since 01/2018 · owns less than 5%
    • Anncharlotte Mccague · Chief Compliance Officercontrol
      since 10/2013 · owns less than 5%
    • Christian Shawn Quant · President & Chief Operating Officercontrol
      since 12/2018 · owns less than 5%
    Entity owners
    • Piper Jaffray Investment Group, Inc. · Member
      direct · owns 75% or more · public reporting company
    • Piper Sandler Companies · Parent
      indirect · owns 75% or more of Piper Jaffray Investment Group, Inc. · public reporting company
    Related persons
    Schedule D 7.A
    Advisers that list Piper Jaffray Investment Management, LLC as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Assets in custody · $3.8M to $1.5M
      Aug 27, 2020 to Mar 31, 2021
    • Discretionary RAUM · $3.8M to $1.5M
      Aug 27, 2020 to Mar 31, 2021
    • HNW RAUM · unset to 0.0
      Aug 27, 2020 to Mar 31, 2021
    • Individual RAUM · unset to 0.0
      Aug 27, 2020 to Mar 31, 2021
    • Pension RAUM · unset to 0.0
      Aug 27, 2020 to Mar 31, 2021
    • Pooled vehicle RAUM · $3.8M to $1.5M
      Aug 27, 2020 to Mar 31, 2021
    • RAUM · $3.8M to $1.5M
      Aug 27, 2020 to Mar 31, 2021
    • BD registered reps · 9 to 2
      Feb 4, 2020 to Mar 30, 2020
    • Assets in custody · $2.5M to $3.8M
      Feb 4, 2020 to Mar 30, 2020
    • Employees · 10 to 2
      Feb 4, 2020 to Mar 30, 2020
    • Discretionary RAUM · $2.5M to $3.8M
      Feb 4, 2020 to Mar 30, 2020
    • Pooled vehicle RAUM · $2.5M to $3.8M
      Feb 4, 2020 to Mar 30, 2020
    • RAUM · $2.5M to $3.8M
      Feb 4, 2020 to Mar 30, 2020
    • Accounts · 2 to 1
      Mar 18, 2019 to Mar 29, 2019
    • Advisory employees · 6 to 2
      Mar 18, 2019 to Mar 29, 2019
    • BD registered reps · 15 to 9
      Mar 18, 2019 to Mar 29, 2019
    • Pooled vehicle clients · 2 to 1
      Mar 18, 2019 to Mar 29, 2019
    • Assets in custody · $424M to $2.5M
      Mar 18, 2019 to Mar 29, 2019
    • Employees · 16 to 10
      Mar 18, 2019 to Mar 29, 2019
    • Private funds · 2 to 1
      Mar 18, 2019 to Mar 29, 2019
    • Discretionary RAUM · $428M to $2.5M
      Mar 18, 2019 to Mar 29, 2019
    • Pooled vehicle RAUM · $428M to $2.5M
      Mar 18, 2019 to Mar 29, 2019
    • RAUM · $428M to $2.5M
      Mar 18, 2019 to Mar 29, 2019
    • Advisory employees · 7 to 6
      Jan 31, 2017 to Feb 21, 2018
    • BD registered reps · 16 to 15
      Jan 31, 2017 to Feb 21, 2018
    • Charity clients · unset to 0.0
      Jan 31, 2017 to Feb 21, 2018
    • Corporate clients · unset to 0.0
      Jan 31, 2017 to Feb 21, 2018
    • HNW clients · unset to 0.0
      Jan 31, 2017 to Feb 21, 2018
    • Individual clients · unset to 0.0
      Jan 31, 2017 to Feb 21, 2018
    • Pension plan clients · unset to 0.0
      Jan 31, 2017 to Feb 21, 2018
    • Pooled vehicle clients · unset to 2.0
      Jan 31, 2017 to Feb 21, 2018
    • Assets in custody · $360M to $424M
      Jan 31, 2017 to Feb 21, 2018
    • Employees · 18 to 16
      Jan 31, 2017 to Feb 21, 2018
    • Other offices · unset to 0.0
      Jan 31, 2017 to Feb 21, 2018
    • Discretionary RAUM · $374M to $428M
      Jan 31, 2017 to Feb 21, 2018
    • Pooled vehicle RAUM · unset to 428110310.0
      Jan 31, 2017 to Feb 21, 2018
    • RAUM · $374M to $428M
      Jan 31, 2017 to Feb 21, 2018
    • Advisory employees · 9 to 7
      Mar 30, 2016 to Jan 31, 2017
    • Advisory activities · 4 to 1
      Mar 30, 2016 to Jan 31, 2017
    • BD registered reps · 18 to 16
      Mar 30, 2016 to Jan 31, 2017
    Signals
    2 dated events
    • Piper Jaffray Investment Management, Llc reported RAUM $2.5M, down 99% from $428.1M (2019-03-18 to 2019-03-29)
      Mar 29, 2019 · RAUM change · derived
    • Bradley Martin Winges (President) no longer on Schedule A of Piper Jaffray Investment Management, Llc (listed 2018-02-21, absent 2019-03-18)
      Mar 18, 2019 · Control person left · inference
    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