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

B•••• C•••••• P••••••• M••••••••• C•••••• V• L••

Former SEC-registered adviserMilwaukee, WisconsinCRD 148519SEC 801-69666websiteIAPD
Latest filing Mar 31, 2025
First filing on the tape Mar 30, 2012 · 19 filings
SEC status approved since Oct 22, 2008
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
14
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$1.5M as of Mar 31, 2025
Mar 30, 2012$107M then
HNW client RAUM: no history
State-registered IARs (5.B.3)4 as of Mar 31, 2025
Mar 18, 201315 then
Employees (5.A)14 as of Mar 31, 2025
Mar 18, 201315 then
Private funds2 as of Mar 31, 2025
Mar 30, 20122 then
RAUM -27% over the last fiscal year-73% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 31, 2025; every figure names its basis
RAUM per advisor
$368,500derivedRAUM 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
$491,333derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.5derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-27%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 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
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.2M84%
  • Investment companies$230,00016%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      2 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • P•••••• A•••••• M•••• · Chief Compliance Officercontrol
        since 03/2014 · owns less than 5%
      • P••• G•••••• G••••• · Member, Inv. Committee Member, P••••••••control
        since 09/2008 · owns less than 5%
      • B••••• S•••••• G•••••• · Investment Committee Member
        since 01/2014 · owns less than 5%
      • O••••••• R•••••• D•••••• · Investment Committee Member
        since 01/2014 · owns less than 5%
      • S••••••• P•••• L•• · Secretary And Chief Legal Officer
        since 09/2008 · owns less than 5%
      • T•••••• B••••••• H• · Investment Committee Member
        since 08/2020 · owns less than 5%
      Entity owners
      • R••••• W• B•••• • C•• I••••••••• · Member
        direct · owns 75% or more
      • B•••• F•••••••• C••••••••• · Shareholder
        indirect · owns 75% or more of R••••• W• B•••• • C•• I•••••••••
      • B•••• F•••••••• G••••• I••• · Shareholder
        indirect · owns 75% or more of B•••• F•••••••• C•••••••••
      Related persons
      Schedule D 7.A
      Advisers that list B•••• C•••••• P••••••• M••••••••• C•••••• V• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL2 employees
      What changed
      consecutive filings, newest first
      • BD registered reps · 5 to 7
        Mar 27, 2024 to Mar 31, 2025
      • Employees · 9 to 14
        Mar 27, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 31, 2025
      • Discretionary RAUM · $2.0M to $1.5M
        Mar 27, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $1.7M to $1.2M
        Mar 27, 2024 to Mar 31, 2025
      • RAUM · $2.0M to $1.5M
        Mar 27, 2024 to Mar 31, 2025
      • Employees · 8 to 9
        Oct 19, 2023 to Mar 27, 2024
      • State-registered IARs · 5 to 4
        Oct 19, 2023 to Mar 27, 2024
      • Discretionary RAUM · $5.9M to $2.0M
        Oct 19, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $5.2M to $1.7M
        Oct 19, 2023 to Mar 27, 2024
      • RAUM · $5.9M to $2.0M
        Oct 19, 2023 to Mar 27, 2024
      • Employees · 9 to 8
        Mar 29, 2022 to Mar 31, 2023
      • Discretionary RAUM · $75.8M to $5.9M
        Mar 29, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $67.7M to $5.2M
        Mar 29, 2022 to Mar 31, 2023
      • RAUM · $75.8M to $5.9M
        Mar 29, 2022 to Mar 31, 2023
      • Employees · 7 to 9
        Mar 31, 2021 to Mar 29, 2022
      • Discretionary RAUM · $77.8M to $75.8M
        Mar 31, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $69.5M to $67.7M
        Mar 31, 2021 to Mar 29, 2022
      • RAUM · $77.8M to $75.8M
        Mar 31, 2021 to Mar 29, 2022
      • Advisory employees · 2 to 3
        Mar 23, 2020 to Mar 31, 2021
      • BD registered reps · 4 to 5
        Mar 23, 2020 to Mar 31, 2021
      • Employees · 9 to 7
        Mar 23, 2020 to Mar 31, 2021
      • State-registered IARs · 4 to 5
        Mar 23, 2020 to Mar 31, 2021
      • Discretionary RAUM · $109M to $77.8M
        Mar 23, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $97.6M to $69.5M
        Mar 23, 2020 to Mar 31, 2021
      • RAUM · $109M to $77.8M
        Mar 23, 2020 to Mar 31, 2021
      • Related bank · false to true
        Mar 23, 2020 to Mar 31, 2021
      • Advisory employees · 4 to 2
        Mar 25, 2019 to Mar 23, 2020
      • BD registered reps · 5 to 4
        Mar 25, 2019 to Mar 23, 2020
      • Employees · 10 to 9
        Mar 25, 2019 to Mar 23, 2020
      • State-registered IARs · 5 to 4
        Mar 25, 2019 to Mar 23, 2020
      • Discretionary RAUM · $165M to $109M
        Mar 25, 2019 to Mar 23, 2020
      • Pooled vehicle RAUM · $148M to $97.6M
        Mar 25, 2019 to Mar 23, 2020
      • RAUM · $165M to $109M
        Mar 25, 2019 to Mar 23, 2020
      • Discretionary RAUM · $186M to $165M
        Mar 21, 2018 to Mar 25, 2019
      • Pooled vehicle RAUM · $166M to $148M
        Mar 21, 2018 to Mar 25, 2019
      • RAUM · $186M to $165M
        Mar 21, 2018 to Mar 25, 2019
      • BD registered reps · 7 to 5
        Mar 13, 2017 to Mar 21, 2018
      • Pooled vehicle clients · unset to 2.0
        Mar 13, 2017 to Mar 21, 2018
      • Employees · 13 to 10
        Mar 13, 2017 to Mar 21, 2018
      Signals
      1 dated events
      • B•••• C•••••• P••••••• M••••••••• C•••••• V• L•• no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $1.5M)
        Feb 2, 2026 · Left the SEC roster · derived
      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