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

A••••••• I••••••••• S•••••••• L••

Former SEC-registered adviserBerwyn, PennsylvaniaCRD 149146SEC 801-69890IAPD
Latest filing Mar 31, 2019
First filing on the tape Dec 16, 2011 · 19 filings
RAUM
$273M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.6%
$4.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
17
7 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
2
$103M gross assets
History
19 filings and snapshots on the tape
RAUM$273M as of Mar 31, 2019
Mar 28, 2012$504M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2019
Apr 1, 20130 then
Employees (5.A)17 as of Mar 31, 2019
Apr 1, 201323 then
Private funds2 as of Mar 31, 2019
Mar 28, 20122 then
RAUM -31% over the last fiscal year-5.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2019; 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
$10.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
31%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived4 offices incl. principal (1.F.5)
RAUM growth, one year
-31%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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$103M, 5 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)
  • 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
  • Investment companies$106M39%
  • Pooled investment vehicles$75.6M28%
  • Charitable organizations$72.4M26%
  • Pension and profit-sharing plans$11.0M4.0%
  • Individuals$4.5M1.6%
  • Corporations and businesses$4.2M1.5%
Individual clients
12reported
HNW clients
n/areported
Pension plan clients
1reported
Charitable clients
5reported
Accounts
27reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$103M for 5 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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A••••••• E••••••••• G••••• F•••• L•••no longer reportedHedge Fund$14.8M18Mar 28, 2012
      A••••••• G••••• I••••••••• M••••• F•••• L•••Hedge Fund$10.8M3Jan 10, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • H••••••• P•••• J•••• · Chief Executive Officercontrol
        since 12/2008 · owns less than 5%
      • O••••• D•••••• I••••• · Chief Operating Officer And Chief Compliance Officercontrol
        since 05/2012 · owns less than 5%
      • H••••••• P•••• J•••• · Membercontrol
        since 11/2007 · owns 75% or more of A••••••• H•••••••• L••
      Entity owners
      • A••••••• C•••••• P•••••••• L•• · Member
        direct · owns 75% or more
      • A••••••• H•••••••• L•• · Member
        indirect · owns 75% or more of A••••••• C•••••• P•••••••• L••
      Related persons
      Schedule D 7.A
      Advisers that list A••••••• I••••••••• S•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 31 to 27
        Mar 30, 2018 to Mar 31, 2019
      • Corporate clients · 3 to 2
        Mar 30, 2018 to Mar 31, 2019
      • Pooled vehicle clients · 7 to 5
        Mar 30, 2018 to Mar 31, 2019
      • Assets in custody · $21.9M to $103M
        Mar 30, 2018 to Mar 31, 2019
      • Discretionary RAUM · $397M to $273M
        Mar 30, 2018 to Mar 31, 2019
      • Individual RAUM · $5.7M to $4.5M
        Mar 30, 2018 to Mar 31, 2019
      • Pension RAUM · $13.2M to $11.0M
        Mar 30, 2018 to Mar 31, 2019
      • Pooled vehicle RAUM · $102M to $75.6M
        Mar 30, 2018 to Mar 31, 2019
      • RAUM · $397M to $273M
        Mar 30, 2018 to Mar 31, 2019
      • Accounts · 18 to 31
        Jul 11, 2017 to Mar 30, 2018
      • BD registered reps · 3 to 4
        Jul 11, 2017 to Mar 30, 2018
      • Charity clients · unset to 5.0
        Jul 11, 2017 to Mar 30, 2018
      • Corporate clients · unset to 3.0
        Jul 11, 2017 to Mar 30, 2018
      • Individual clients · unset to 12.0
        Jul 11, 2017 to Mar 30, 2018
      • Pension plan clients · unset to 1.0
        Jul 11, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 7.0
        Jul 11, 2017 to Mar 30, 2018
      • Employees · 14 to 17
        Jul 11, 2017 to Mar 30, 2018
      • HQ city · V•••••••• to BERWYN
        Jul 11, 2017 to Mar 30, 2018
      • Other offices · unset to 3.0
        Jul 11, 2017 to Mar 30, 2018
      • Discretionary RAUM · $402M to $397M
        Jul 11, 2017 to Mar 30, 2018
      • Individual RAUM · unset to 5739747.0
        Jul 11, 2017 to Mar 30, 2018
      • Pension RAUM · unset to 13233936.0
        Jul 11, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 101895684.0
        Jul 11, 2017 to Mar 30, 2018
      • RAUM · $402M to $397M
        Jul 11, 2017 to Mar 30, 2018
      • Accounts · 16 to 18
        May 26, 2017 to Jul 11, 2017
      • Advisory employees · 5 to 7
        May 26, 2017 to Jul 11, 2017
      • Employees · 10 to 14
        May 26, 2017 to Jul 11, 2017
      • Discretionary RAUM · $382M to $402M
        May 26, 2017 to Jul 11, 2017
      • RAUM · $382M to $402M
        May 26, 2017 to Jul 11, 2017
      • Related adviser · false to true
        May 26, 2017 to Jul 11, 2017
      • BD registered reps · 0 to 3
        Mar 29, 2017 to May 26, 2017
      • Advisory employees · 7 to 5
        Mar 30, 2016 to Mar 29, 2017
      • Assets in custody · $28.2M to $21.9M
        Mar 30, 2016 to Mar 29, 2017
      • Employees · 13 to 10
        Mar 30, 2016 to Mar 29, 2017
      • Discretionary RAUM · $328M to $382M
        Mar 30, 2016 to Mar 29, 2017
      • RAUM · $328M to $382M
        Mar 30, 2016 to Mar 29, 2017
      • Accounts · 15 to 16
        Dec 22, 2015 to Mar 30, 2016
      • Assets in custody · $26.1M to $28.2M
        Dec 22, 2015 to Mar 30, 2016
      • Discretionary RAUM · $316M to $328M
        Dec 22, 2015 to Mar 30, 2016
      • RAUM · $316M to $328M
        Dec 22, 2015 to Mar 30, 2016
      Signals
      1 dated events
      • A••••••• I••••••••• S•••••••• L•• reported RAUM $273.5M, down 31% from $397.4M (2018-03-30 to 2019-03-31)
        Mar 31, 2019 · 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