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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Former SEC-registered adviser
Z••• C•••••• A•••••••• L••
Latest filing Mar 15, 2023
First filing on the tape Mar 28, 2012 · 24 filings
RAUM
$5.6B
reported, Item 5.F
Discretionary
70%
of RAUM
Private clients
79%
$4.4B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
27
21 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
14
$1.1B gross assets
History
24 filings and snapshots on the tape
RAUM$5.6B as of Mar 15, 2023
Mar 28, 2012$1.5B then
HNW client RAUM$4.4B as of Mar 15, 2023
Mar 30, 2018$5.5B then
State-registered IARs (5.B.3)7 as of Mar 15, 2023
Mar 28, 20120 then
Employees (5.A)27 as of Mar 15, 2023
Mar 27, 201310 then
Private funds14 as of Mar 15, 2023
Mar 28, 20121 then
RAUM -9.8% over the last fiscal year+1.3% a year over threeIARs 8 to 7
Practice profile
derived from the filing of Mar 15, 2023; every figure names its basis
- RAUM per advisor
- $794MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $45.5MderivedHNW RAUM over HNW clients
- Average account
- $47.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 70%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.9derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -9.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- -13%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- yesreportedItem 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
- High-net-worth individuals$4.4B79%
- Pooled investment vehicles$1.1B21%
- Individual clients
- n/areported
- HNW clients
- 97reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 117reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 clientsreported
- Compensation
- % of AUM, fixed, 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
- A••••• F•••••• H•••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- J••• F•••••••• K••••••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- M•••••• F•••••• K••••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- N••••••• G•• S•••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- C••• L•••• P•••••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- J••••• A••••• F•••••••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- E••••• N••••• A•••••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- A••••• F•••••• S•••• to S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · RIA to RIA
- V••••••• C••••••• E••••••• to A•••••• C•••••• A••••••• L••Jul 27, 2022 · RIA to a newly registered adviser
- J••• J••••• G•••••• to C••••• S••••• S••••••••• •••• L••Feb 3, 2011 · Other
Joined, latest
- C••• L•••• P•••••• from M••••• S••••••Jun 28, 2021 · Wirehouse to independent RIA
- M•••••• F•••••• K••••• from W•••• F•••• A•••••••Jan 25, 2021 · Wirehouse to independent RIA
- J••• J••••• G•••••• from C•••••••• I••••••••• P•••••••Oct 2, 2008 · Other
- J••• F•••••••• K••••••• from C•••••••• G••••• M•••••• I•••Aug 5, 2008 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 8 left for S•••••• F•••••••• G••••• L•••••Feb 28, 2023 · Berwyn, Pa · Firm absorbed
Private funds
4 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Z•• H••••••• 2• L•no longer reported | Private Equity Fund | $7.5M | 30 | Mar 30, 2015 |
| Z•• M••••••••• D••••••••• H•••••••• L•no longer reported | Real Estate Fund | $1.8M | 30 | Mar 31, 2016 |
| Z•• V•••••••• H•••••••• L•no longer reported | Other Private Fund | $1.3M | 16 | Mar 31, 2016 |
| Z•• M••••••• E••••••••• G•••• H•••••••• L•no longer reported | Other Private Fund | $751,003 | 21 | Mar 31, 2016 |
Owners and control persons
Schedule A and B, latest filing
- A••••••• E•••••• N••••• · Managing Member, Chief Investment Officercontrolsince 01/2008 · owns 50% to 75%
- J••••••••• K•••••••• J•••••• · Chief Compliance Officercontrolsince 06/2018 · owns less than 5%
- S••••• N•••••••• G•• · Presidentcontrolsince 01/2014 · owns 25% to 50%
Related persons
Schedule D 7.A
- Z•• C••••••••• M••••••• L••pooled vehicle sponsorn
- Z••• C•••••• P•••••••• L••pooled vehicle sponsorn
Advisers that list Z••• C•••••• A•••••••• L•• as a related person
- 106157 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 112 to 117Aug 3, 2022 to Mar 15, 2023
- Advisory employees · 22 to 21Aug 3, 2022 to Mar 15, 2023
- HNW clients · 95 to 97Aug 3, 2022 to Mar 15, 2023
- Pooled vehicle clients · 13 to 14Aug 3, 2022 to Mar 15, 2023
- State-registered IARs · 8 to 7Aug 3, 2022 to Mar 15, 2023
- Private funds · 13 to 14Aug 3, 2022 to Mar 15, 2023
- Discretionary RAUM · $4.7B to $3.9BAug 3, 2022 to Mar 15, 2023
- HNW RAUM · $5.0B to $4.4BAug 3, 2022 to Mar 15, 2023
- Non-discretionary RAUM · $1.5B to $1.6BAug 3, 2022 to Mar 15, 2023
- Pooled vehicle RAUM · $1.2B to $1.1BAug 3, 2022 to Mar 15, 2023
- RAUM · $6.2B to $5.6BAug 3, 2022 to Mar 15, 2023
- Accounts · 106 to 112Sep 22, 2021 to Mar 31, 2022
- Advisory employees · 21 to 22Sep 22, 2021 to Mar 31, 2022
- HNW clients · 90 to 95Sep 22, 2021 to Mar 31, 2022
- Pooled vehicle clients · 12 to 13Sep 22, 2021 to Mar 31, 2022
- Assets in custody · $889M to $0Sep 22, 2021 to Mar 31, 2022
- Employees · 26 to 27Sep 22, 2021 to Mar 31, 2022
- State-registered IARs · 6 to 8Sep 22, 2021 to Mar 31, 2022
- Private funds · 12 to 13Sep 22, 2021 to Mar 31, 2022
- Discretionary RAUM · $3.8B to $4.7BSep 22, 2021 to Mar 31, 2022
- HNW RAUM · $4.5B to $5.0BSep 22, 2021 to Mar 31, 2022
- Non-discretionary RAUM · $1.6B to $1.5BSep 22, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $889M to $1.2BSep 22, 2021 to Mar 31, 2022
- RAUM · $5.4B to $6.2BSep 22, 2021 to Mar 31, 2022
- Accounts · 121 to 106Jul 31, 2020 to Mar 26, 2021
- Advisory employees · 18 to 21Jul 31, 2020 to Mar 26, 2021
- HNW clients · 106 to 90Jul 31, 2020 to Mar 26, 2021
- Pooled vehicle clients · 11 to 12Jul 31, 2020 to Mar 26, 2021
- Assets in custody · $699M to $889MJul 31, 2020 to Mar 26, 2021
- Employees · 23 to 26Jul 31, 2020 to Mar 26, 2021
- State-registered IARs · 2 to 6Jul 31, 2020 to Mar 26, 2021
- Private funds · 11 to 12Jul 31, 2020 to Mar 26, 2021
- Discretionary RAUM · $3.6B to $3.8BJul 31, 2020 to Mar 26, 2021
- HNW RAUM · $4.5B to $4.5BJul 31, 2020 to Mar 26, 2021
- Non-discretionary RAUM · $1.8B to $1.6BJul 31, 2020 to Mar 26, 2021
- Pooled vehicle RAUM · $805M to $889MJul 31, 2020 to Mar 26, 2021
- RAUM · $5.3B to $5.4BJul 31, 2020 to Mar 26, 2021
- Accounts · 99 to 121Jul 31, 2019 to Mar 30, 2020
- Advisory employees · 16 to 18Jul 31, 2019 to Mar 30, 2020
- HNW clients · 87 to 106Jul 31, 2019 to Mar 30, 2020
Signals
10 dated events
- J••••• A••••• F•••••••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-06)Feb 28, 2023 · Advisor changed firm · fact
- C••• L•••• P•••••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-06)Feb 28, 2023 · Advisor changed firm · fact
- A••••• F•••••• H•••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-06)Feb 28, 2023 · Advisor changed firm · fact
- A••••• F•••••• S•••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-06)Feb 28, 2023 · Advisor changed firm · fact
- J••• F•••••••• K••••••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-06)Feb 28, 2023 · Advisor changed firm · fact
- E••••• N••••• A•••••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-07)Feb 28, 2023 · Advisor changed firm · fact
- N••••••• G•• S•••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-06)Feb 28, 2023 · Advisor changed firm · fact
- M•••••• F•••••• K••••• left Z••• C•••••• A•••••••• L•• for S•••••• F•••••••• G••••• L••••• (registered 2023-03-07)Feb 28, 2023 · Advisor changed firm · fact
- Z••• C•••••• A•••••••• L••'s advisors moved to S•••••• F•••••••• G••••• L••••• (Berwyn, PA): 8 of 8 registered, on the same dayFeb 28, 2023 · Firm absorbed (people side) · derived
- V••••••• C••••••• E••••••• left Z••• C•••••• A•••••••• L•• for A•••••• C•••••• A••••••• L•• (registered 2023-03-30)Jul 27, 2022 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
- Z••• C•••••• A•••••••• L•• · Private Equityshared crd · organization
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
Across the graphs
Z••• C•••••• A•••••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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