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
P••••• C••••••• L••
Latest filing May 12, 2025
First filing on the tape Dec 14, 2011 · 42 filings
SEC status approved since Oct 15, 2008
RAUM
$1.6B
reported, Item 5.F
Discretionary
28%
of RAUM
Private clients
96%
$1.5B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
28
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$1.6B as of May 12, 2025
Mar 13, 2012$447M then
HNW client RAUM$1.5B as of May 12, 2025
Mar 30, 2018$641M then
State-registered IARs (5.B.3)8 as of May 12, 2025
Mar 13, 20120 then
Employees (5.A)28 as of May 12, 2025
Mar 27, 20139 then
Private funds: no history
RAUM +13% over the last fiscal year+3.4% a year over threeIARs 6 to 8
Practice profile
derived from the filing of May 12, 2025; every figure names its basis
- RAUM per advisor
- $200MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 15derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $15.2MderivedHNW RAUM over HNW clients
- Average account
- $3.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 28%derivedof RAUM
- Institutional
- 4.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.5derivedItem 5.A over advisors
- Advisors per office
- 8.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.4%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 5.G
- Custody
- $72.6M, 54 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)
- 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$1.5B95%
- Charitable organizations$64.6M4.0%
- Individuals$10.7M0.7%
- Individual clients
- 18reported
- HNW clients
- 100reported
- Pension plan clients
- 0reported
- Charitable clients
- 6reported
- Accounts
- 533reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $72.6M for 54 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
6 left, 0 joined in 12 months
net -6 in 12 months0 left in 90 days0 joined in 90 days6 left over 36 months
Left, latest
- B•••• B••••• M•••• to W•••••• A•••••••• L••Dec 31, 2025 · RIA to RIA
- C•••••• T••••• A•••• to W•••••• A•••••••• L••Dec 12, 2025 · RIA to RIA
- K•••••••• B••• S•••• to W•••••• A•••••••• L••Dec 12, 2025 · RIA to RIA
- M••• J••• A•••••• to W•••••• A•••••••• L••Dec 12, 2025 · RIA to RIA
- C••••• D•••• W•••• to W•••••• A•••••••• L••Dec 12, 2025 · RIA to RIA
- J•••• M•••••• B••••• to W•••••• A•••••••• L••Dec 12, 2025 · RIA to RIA
- J••••••• S•••• B•••••• to L••••••• W••••• M••••••••• L••Aug 15, 2014 · Other
Joined, latest
- M••• J••• A•••••• from J••• M••••• S••••••••• L••Apr 15, 2025 · Wirehouse to independent RIA
- J••••••• S•••• B•••••• from L••••••• W••••• M••••••••• L••Jan 14, 2011 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 5 left for W•••••• A•••••••• L••Dec 12, 2025 · Chicago, Il · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••• B••••• B••••• · M••••••controlsince 05/2008 · owns less than 5%
- M••••• J•••• Z•••••• · M••••••controlsince 05/2008 · owns less than 5%
- N•••••• R•••••• D•••••• · M•••••• & Managing Partnercontrolsince 03/2015 · owns less than 5%
- B••••• S•••••• R•••••• · M••••••controlsince 07/2012 · owns F of P••••• H•••••••• L••
- C•••• A•••••• W••••• · Trusteecontrolsince 06/1994 · owns F of S•• D••••••••• B••••••••• T•••• F••• I•
- C•••• A•••••• W••••• · Trusteecontrolsince 12/1994 · owns F of A•• C••••••••• T•••• D•••• 1••••••• F•• A••• J• C•••
- C•••• A•••••• W••••• · Trusteecontrolsince 12/1994 · owns F of A•• C••••••••• T•••• D•••• 1••••••• F•• D•••• L• C•••
- C•••• A•••••• W••••• · Trusteecontrolsince 06/1994 · owns F of A•• D••••••••• B••••••••• T•••• F••• I•
- M••••• B••••• B••••• · M•••••• & Managing Partnercontrolsince 06/2006 · owns F of P••••• H•••••••• L••
- M••••• J•••• Z•••••• · M••••••controlsince 06/2006 · owns F of P••••• H•••••••• L••
- C•••••••• R•••• P••• · Chief Compliance Officer, General Counselsince 03/2014 · owns less than 5%
- K•••• M••••••• M••• · Principal - Accounting & Financesince 06/2024 · owns less than 5%
Entity owners
- P••••• H•••••••• L•• · Memberdirect · owns 75% or more
- A•• C••••••••• T•••• D•••• 1••••••• F•• A••• J• C••• · Limited Partnerindirect · owns 25% to 50% of T•• C••• F••••• P••••••••• L•••
- A•• C••••••••• T•••• D•••• 1••••••• F•• D•••• L• C••• · Limited Partnerindirect · owns 25% to 50% of T•• C••• F••••• P••••••••• L•••
- A•• D••••••••• B••••••••• T•••• F••• I• · General Partnerindirect · owns F of T•• C••• F••••• P••••••••• L•••
- S•• D••••••••• B••••••••• T•••• F••• I• · General Partnerindirect · owns F of T•• C••• F••••• P••••••••• L•••
- T•• C••• F••••• P••••••••• L••• · Memberindirect · owns 25% to 50% of P••••• H•••••••• L••
Related persons
Schedule D 7.A
- P••••••• C••••••• A••• G•• L••pooled vehicle sponsorn
- P••••• M••• C•••• G•• L••pooled vehicle sponsorn
- P••••• O•••••• A••• G•• L••pooled vehicle sponsorn
- P••••• A••••• G•• L••investment adviserpooled vehicle sponsorn
- P••••• A••••• I• G•• L••pooled vehicle sponsorn
- P••••• A•••• M••••••••• L••investment adviserpooled vehicle sponsornRAUM $1.3B
- P••••• C•••••••• G•• L••pooled vehicle sponsorn
- P••••• E••••• P•••••••• L••investment adviserpooled vehicle sponsorn
- P••••• R••••• M••••••• L••pooled vehicle sponsorn
- P••••• R••••• P•••••••• L••investment adviserpooled vehicle sponsorn
- P••••• B•••••••• A••• G•• L••pooled vehicle sponsorn
Advisers that list P••••• C••••••• L•• as a related person
- 165478 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Chicago, Il · principal | 0 | 0 | 6 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Financial planning clients · 26-50 to 26-50Mar 31, 2025 to May 12, 2025
- Accounts · 507 to 533Jul 2, 2024 to Mar 31, 2025
- Advisory employees · 7 to 8Jul 2, 2024 to Mar 31, 2025
- Corporate clients · unset to 0.0Jul 2, 2024 to Mar 31, 2025
- HNW clients · 94 to 100Jul 2, 2024 to Mar 31, 2025
- Individual clients · 19 to 18Jul 2, 2024 to Mar 31, 2025
- Assets in custody · $94.4M to $72.6MJul 2, 2024 to Mar 31, 2025
- State-registered IARs · 6 to 8Jul 2, 2024 to Mar 31, 2025
- Discretionary RAUM · $369M to $447MJul 2, 2024 to Mar 31, 2025
- HNW RAUM · $1.3B to $1.5BJul 2, 2024 to Mar 31, 2025
- Individual RAUM · $8.8M to $10.7MJul 2, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $1.0B to $1.2BJul 2, 2024 to Mar 31, 2025
- RAUM · $1.4B to $1.6BJul 2, 2024 to Mar 31, 2025
- Accounts · 493 to 507Mar 31, 2023 to Mar 29, 2024
- Advisory employees · 9 to 7Mar 31, 2023 to Mar 29, 2024
- HNW clients · 93 to 94Mar 31, 2023 to Mar 29, 2024
- Individual clients · 22 to 19Mar 31, 2023 to Mar 29, 2024
- Assets in custody · $144M to $94.4MMar 31, 2023 to Mar 29, 2024
- Employees · 26 to 28Mar 31, 2023 to Mar 29, 2024
- Financial planning clients · 11-25 to 26-50Mar 31, 2023 to Mar 29, 2024
- State-registered IARs · 5 to 6Mar 31, 2023 to Mar 29, 2024
- Discretionary RAUM · $375M to $369MMar 31, 2023 to Mar 29, 2024
- HNW RAUM · $1.2B to $1.3BMar 31, 2023 to Mar 29, 2024
- Individual RAUM · $11.4M to $8.8MMar 31, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $921M to $1.0BMar 31, 2023 to Mar 29, 2024
- RAUM · $1.3B to $1.4BMar 31, 2023 to Mar 29, 2024
- Related bank · true to falseMar 31, 2023 to Mar 29, 2024
- Accounts · 455 to 493Mar 31, 2022 to Mar 31, 2023
- Advisory employees · 13 to 9Mar 31, 2022 to Mar 31, 2023
- Charity clients · unset to 6.0Mar 31, 2022 to Mar 31, 2023
- HNW clients · 85 to 93Mar 31, 2022 to Mar 31, 2023
- Individual clients · 23 to 22Mar 31, 2022 to Mar 31, 2023
- Assets in custody · $360M to $144MMar 31, 2022 to Mar 31, 2023
- Employees · 28 to 26Mar 31, 2022 to Mar 31, 2023
- Financial planning clients · 26-50 to 11-25Mar 31, 2022 to Mar 31, 2023
- State-registered IARs · 6 to 5Mar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $690M to $375MMar 31, 2022 to Mar 31, 2023
- HNW RAUM · $1.4B to $1.2BMar 31, 2022 to Mar 31, 2023
- Individual RAUM · $12.6M to $11.4MMar 31, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $755M to $921MMar 31, 2022 to Mar 31, 2023
Signals
9 dated events
- P••••• C••••••• L•• no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $1.6B)Feb 2, 2026 · Left the SEC roster · derived
- B•••• B••••• M•••• left P••••• C••••••• L•• for W•••••• A•••••••• L•• (registered 2025-11-14)Dec 31, 2025 · Advisor changed firm · fact
- C•••••• T••••• A•••• left P••••• C••••••• L•• for W•••••• A•••••••• L•• (registered 2025-11-14)Dec 12, 2025 · Advisor changed firm · fact
- K•••••••• B••• S•••• left P••••• C••••••• L•• for W•••••• A•••••••• L•• (registered 2025-11-14)Dec 12, 2025 · Advisor changed firm · fact
- M••• J••• A•••••• left P••••• C••••••• L•• for W•••••• A•••••••• L•• (registered 2025-11-14)Dec 12, 2025 · Advisor changed firm · fact
- P••••• C••••••• L••'s advisors moved to W•••••• A•••••••• L•• (Chicago, IL): 5 of 6 registered, on the same dayDec 12, 2025 · Firm absorbed (people side) · derived
- J•••• M•••••• B••••• left P••••• C••••••• L•• for W•••••• A•••••••• L•• (registered 2025-11-14)Dec 12, 2025 · Advisor changed firm · fact
- C••••• D•••• W•••• left P••••• C••••••• L•• for W•••••• A•••••••• L•• (registered 2025-11-14)Dec 12, 2025 · Advisor changed firm · fact
- P••••• C••••••• L•• reported RAUM $1.4B, up 44% from $1.0B (2021-05-14 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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