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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SEC-registered adviser

R•••••••• A•••••••• L••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 150646SEC 801-70321websiteIAPD
Latest filing Mar 20, 2026
First filing on the tape Mar 30, 2012 · 20 filings
SEC status approved since Jun 22, 2009
RAUM
$836M
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
17
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$836M as of Mar 20, 2026
Mar 30, 2012$327M then
HNW client RAUM$0 as of Mar 20, 2026
Mar 16, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 20, 2026
Apr 1, 20130 then
Employees (5.A)17 as of Mar 20, 2026
Apr 1, 201311 then
Private funds: no history
RAUM -7.8% over the last fiscal year-25% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 20, 2026; 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
$119MderivedRAUM 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
-7.8%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 assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$836M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • G•••••• P•••• C•••• · Chief Financial Officercontrol
        since 06/2009 · owns less than 5%
      • G••••••• K••••••• R• · Chief Operating Officer / Chief Compliance Officercontrol
        since 10/2017 · owns less than 5%
      • K••••• H• M•••••• · Chief Marketing Officercontrol
        since 09/2010 · owns less than 5%
      • S•••••• M•••••••• A••• · Chief Executive Officercontrol
        since 05/2009 · owns less than 5%
      • S•••••• M•••••••• A••• · Membercontrol
        since 05/2009 · owns 25% to 50% of R• H•••••• G•••• L••
      Entity owners
      • R• H•••••• G•••• L•• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • R•••••••• C•••••• M••••••••• L••
        investment advisernRAUM $299M
      • R• V••••••• I••••••••• I•• L••
        pooled vehicle sponsorn
      • R• V••••••• I••••••••• I••• L••
        pooled vehicle sponsorn
      • R• V••••••• I••••••••• I•• L••
        pooled vehicle sponsorn
      • R• V••••••• I••••••••• L••
        pooled vehicle sponsorn
      Advisers that list R•••••••• A•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 7 to 6
        Mar 26, 2025 to Mar 20, 2026
      • Discretionary RAUM · $907M to $836M
        Mar 26, 2025 to Mar 20, 2026
      • RAUM · $907M to $836M
        Mar 26, 2025 to Mar 20, 2026
      • BD registered reps · 0 to 2
        Mar 21, 2024 to Mar 26, 2025
      • Employees · 16 to 17
        Mar 21, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        Mar 21, 2024 to Mar 26, 2025
      • Discretionary RAUM · $935M to $907M
        Mar 21, 2024 to Mar 26, 2025
      • RAUM · $935M to $907M
        Mar 21, 2024 to Mar 26, 2025
      • Accounts · 8 to 7
        Mar 27, 2023 to Mar 21, 2024
      • Employees · 17 to 16
        Mar 27, 2023 to Mar 21, 2024
      • Discretionary RAUM · $1.3B to $935M
        Mar 27, 2023 to Mar 21, 2024
      • Non-discretionary RAUM · $665M to $0
        Mar 27, 2023 to Mar 21, 2024
      • RAUM · $2.0B to $935M
        Mar 27, 2023 to Mar 21, 2024
      • Accounts · 9 to 8
        Mar 29, 2022 to Mar 27, 2023
      • Advisory employees · 9 to 7
        Mar 29, 2022 to Mar 27, 2023
      • Employees · 19 to 17
        Mar 29, 2022 to Mar 27, 2023
      • Discretionary RAUM · $1.9B to $1.3B
        Mar 29, 2022 to Mar 27, 2023
      • Non-discretionary RAUM · $897M to $665M
        Mar 29, 2022 to Mar 27, 2023
      • RAUM · $2.8B to $2.0B
        Mar 29, 2022 to Mar 27, 2023
      • Discretionary RAUM · $1.7B to $1.9B
        Mar 26, 2021 to Mar 29, 2022
      • Non-discretionary RAUM · $731M to $897M
        Mar 26, 2021 to Mar 29, 2022
      • RAUM · $2.4B to $2.8B
        Mar 26, 2021 to Mar 29, 2022
      • Advisory employees · 10 to 9
        Mar 24, 2020 to Mar 26, 2021
      • Employees · 22 to 19
        Mar 24, 2020 to Mar 26, 2021
      • Discretionary RAUM · $2.3B to $1.7B
        Mar 24, 2020 to Mar 26, 2021
      • Non-discretionary RAUM · $0 to $731M
        Mar 24, 2020 to Mar 26, 2021
      • RAUM · $2.3B to $2.4B
        Mar 24, 2020 to Mar 26, 2021
      • Employees · 23 to 22
        Mar 24, 2019 to Mar 24, 2020
      • Other offices · 1 to 0
        Mar 24, 2019 to Mar 24, 2020
      • Discretionary RAUM · $1.5B to $2.3B
        Mar 24, 2019 to Mar 24, 2020
      • Non-discretionary RAUM · $727M to $0
        Mar 24, 2019 to Mar 24, 2020
      • RAUM · $2.2B to $2.3B
        Mar 24, 2019 to Mar 24, 2020
      • Accounts · 8 to 9
        Mar 16, 2018 to Mar 24, 2019
      • Employees · 22 to 23
        Mar 16, 2018 to Mar 24, 2019
      • Discretionary RAUM · $2.0B to $1.5B
        Mar 16, 2018 to Mar 24, 2019
      • Non-discretionary RAUM · $52.6M to $727M
        Mar 16, 2018 to Mar 24, 2019
      • RAUM · $2.1B to $2.2B
        Mar 16, 2018 to Mar 24, 2019
      • Employees · 23 to 22
        Oct 19, 2017 to Mar 16, 2018
      • Financial planning clients · 0 to unset
        Oct 19, 2017 to Mar 16, 2018
      • Discretionary RAUM · $3.2B to $2.0B
        Oct 19, 2017 to Mar 16, 2018
      Signals
      5 dated events
      • R•••••••• A•••••••• L•• reported RAUM $935.0M, down 53% from $2.0B (2023-03-27 to 2024-03-21)
        Mar 21, 2024 · RAUM change · derived
      • R•••••••• A•••••••• L•• reported RAUM $2.0B, down 31% from $2.8B (2022-03-29 to 2023-03-27)
        Mar 27, 2023 · RAUM change · derived
      • Joseph Mitchell Rubin (Chief Investment Officer) no longer on Schedule A of R•••••••• A•••••••• L•• (listed 2022-03-29, absent 2023-03-27)
        Mar 27, 2023 · Control person left · inference
      • Philip David Berkowitz (Co-Chief Investment Officer) no longer on Schedule A of R•••••••• A•••••••• L•• (listed 2018-03-16, absent 2019-03-24)
        Mar 24, 2019 · Control person left · inference
      • R•••••••• A•••••••• L•• reported RAUM $2.1B, down 34% from $3.2B (2017-10-19 to 2018-03-16)
        Mar 16, 2018 · 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.
      How to reach
      public business contact points only, each with its source
      Website
      r•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      (212) 484-2100reportedpublic record, Form ADV, Mar 20, 2026
      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
      Asset manager (funds and pooled vehicles)deriveda 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