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.
SEC-registered adviser
Third Sigma Investment Advisors LLC
Latest filing May 2, 2026
First filing on the tape Dec 15, 2011 · 14 filings
SEC status approved since Mar 30, 2022
RAUM
$98.8M
reported, Item 5.F
Discretionary
70%
of RAUM
Private clients
46%
$45.4M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$24.7M
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$98.8M as of May 2, 2026
May 4, 2012$62.6M then
HNW client RAUM$43.4M as of May 2, 2026
Feb 7, 2023$30.8M then
State-registered IARs (5.B.3)4 as of May 2, 2026
May 4, 20120 then
Employees (5.A)4 as of May 2, 2026
Feb 7, 20232 then
Private funds: no history
RAUM -15% over the last fiscal year-4.0% a year over threeIARs 3 to 4
Practice profile
derived from the filing of May 2, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $24.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 11derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.5MderivedHNW RAUM over HNW clients
- Average account
- $759,724derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 70%derivedof RAUM
- Institutional
- 54%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +27%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publications, educational seminarsreportedItem 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$43.4M44%
- Charitable organizations$29.3M30%
- Pension and profit-sharing plans$24.0M24%
- Individuals$2.0M2.0%
- Individual clients
- 13reported
- HNW clients
- 29reported
- Pension plan clients
- 3reported
- Charitable clients
- 6reported
- Accounts
- 130reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.46 fund_share=0.0 institutional_share=0.54 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| George Ernest Cones | Wilmington, De | Aug 31, 2009 | 38 y | 2 |
| Ryan L Malloch | Milford, Mi | Jan 20, 2021 | 26 y | 3 |
| Antonio DesanoCertified Financial Planner | Troy, Mi | Feb 3, 2022 | 15 y | 5 |
| Jacob Smith | Troy, Mi | Jun 9, 2025 | 11 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Monique Holloway to Amc Wealth Management, LLCOct 23, 2023 · RIA to a state-registered adviser
Joined, latest
- Antonio Desano from Cetera Investment Advisers LLCOct 30, 2024 · Affiliated broker-dealer or bank to independent RIA
- Ryan L Malloch from Cetera Investment Advisers LLCOct 17, 2024 · Affiliated broker-dealer or bank to independent RIA
- George Ernest Cones from Raymond James & Associates, Inc.Aug 31, 2009 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Cetera Investment Advisers LLCAug 27, 2024 · Novi, Mi
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Ernest George Cones · Managing Member / Chief Compliance Officercontrolsince 07/2009 · owns 50% to 75%
- L Ryan Malloch · Ownercontrolsince 12/2020 · owns 50% to 75% of Malloch Capital Management, Inc.
Entity owners
- Malloch Capital Management, Inc. · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- M1 Capital Management LLCinvestment advisernRAUM $450M
Advisers that list Third Sigma Investment Advisors LLC as a related person
- 158269 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Wilmington, De · principal | 4 | 0 | 0 | ||
| Troy, Mi | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing May 2, 2026institutional share of RAUM of 54% against a peer median of 0% (310 comparable advisers, 99.0th percentile, 18.2 robust deviations)peers: independent wealth managers, under $100M (310) · 99% percentile
- institutional to wealth shiftCombination · filing Feb 6, 2026institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $116,223,238 to $98,764,106, advisors 3 to 4, private clients 33 to 42, offices 1 to 1 (2025-03-12 to 2026-02-06)peers: independent wealth managers, under $100M (704)
- client mix shiftChange between filings · filing Feb 6, 2026private-client share of RAUM moved from 30.0% to 46.0% between the annual amendments of 2025-03-12 and 2026-02-06peers: independent wealth managers, under $100M (704)
- discretionary share shiftChange between filings · filing Feb 6, 2026discretionary share of RAUM moved from 100.0% to 70.0% between the annual amendments of 2025-03-12 and 2026-02-06peers: independent wealth managers, under $100M (704)
- HNW share shiftChange between filings · filing Feb 6, 2026HNW share of RAUM moved from 24.0% to 44.0% between the annual amendments of 2025-03-12 and 2026-02-06peers: independent wealth managers, under $100M (704)
- institutional asset share shiftChange between filings · filing Feb 6, 2026institutional share of RAUM moved from 70.0% to 54.0% between the annual amendments of 2025-03-12 and 2026-02-06peers: independent wealth managers, under $100M (704)
What changed
consecutive filings, newest first
- BD registered reps · 1 to 0Feb 6, 2026 to May 2, 2026
- Accounts · 40 to 130Aug 28, 2025 to Feb 6, 2026
- HNW clients · 13 to 29Aug 28, 2025 to Feb 6, 2026
- Individual clients · 20 to 13Aug 28, 2025 to Feb 6, 2026
- Pension plan clients · 2 to 3Aug 28, 2025 to Feb 6, 2026
- Discretionary RAUM · $116M to $68.7MAug 28, 2025 to Feb 6, 2026
- HNW RAUM · $27.9M to $43.4MAug 28, 2025 to Feb 6, 2026
- Individual RAUM · $6.9M to $2.0MAug 28, 2025 to Feb 6, 2026
- Non-discretionary RAUM · $0 to $30.0MAug 28, 2025 to Feb 6, 2026
- Pension RAUM · $19.6M to $24.0MAug 28, 2025 to Feb 6, 2026
- RAUM · $116M to $98.8MAug 28, 2025 to Feb 6, 2026
- Advisory employees · 3 to 4Mar 12, 2025 to Aug 28, 2025
- Employees · 3 to 4Mar 12, 2025 to Aug 28, 2025
- Insurance-licensed employees · 2 to 3Mar 12, 2025 to Aug 28, 2025
- State-registered IARs · 3 to 4Mar 12, 2025 to Aug 28, 2025
- Advisory employees · 2 to 3Oct 17, 2024 to Mar 12, 2025
- BD registered reps · 0 to 1Oct 17, 2024 to Mar 12, 2025
- Charity clients · 1 to 6Oct 17, 2024 to Mar 12, 2025
- Individual clients · 19 to 20Oct 17, 2024 to Mar 12, 2025
- Pension plan clients · 8 to 2Oct 17, 2024 to Mar 12, 2025
- Employees · 2 to 3Oct 17, 2024 to Mar 12, 2025
- Insurance-licensed employees · 1 to 2Oct 17, 2024 to Mar 12, 2025
- Financial planning clients · unset to Oct 17, 2024 to Mar 12, 2025
- State-registered IARs · 2 to 3Oct 17, 2024 to Mar 12, 2025
- Other offices · 0 to 1Oct 17, 2024 to Mar 12, 2025
- Discretionary RAUM · $95.0M to $116MOct 17, 2024 to Mar 12, 2025
- HNW RAUM · $29.7M to $27.9MOct 17, 2024 to Mar 12, 2025
- Individual RAUM · $4.6M to $6.9MOct 17, 2024 to Mar 12, 2025
- Non-discretionary RAUM · $17.7M to $0Oct 17, 2024 to Mar 12, 2025
- Pension RAUM · $17.7M to $19.6MOct 17, 2024 to Mar 12, 2025
- RAUM · $113M to $116MOct 17, 2024 to Mar 12, 2025
- Advisory employees · 1 to 2Feb 29, 2024 to Oct 17, 2024
- Employees · 1 to 2Feb 29, 2024 to Oct 17, 2024
- Insurance-licensed employees · 0 to 1Feb 29, 2024 to Oct 17, 2024
- State-registered IARs · 1 to 2Feb 29, 2024 to Oct 17, 2024
- Related adviser · false to trueFeb 29, 2024 to Oct 17, 2024
- Accounts · 81 to 40Feb 7, 2023 to Feb 29, 2024
- Advisory employees · 2 to 1Feb 7, 2023 to Feb 29, 2024
- HNW clients · 17 to 13Feb 7, 2023 to Feb 29, 2024
- Individual clients · 51 to 19Feb 7, 2023 to Feb 29, 2024
Signals
4 dated events
- L Ryan Malloch (Owner) appeared on Schedule A of Third Sigma Investment Advisors LlcOct 17, 2024 · Control person joined · fact
- 2 advisors left Cetera Investment Advisers LLC (Novi, MI) for Third Sigma Investment Advisors LLC within 3 daysAug 27, 2024 · Team lift-out · derived
- Monique Holloway left Third Sigma Investment Advisors Llc for Amc Wealth Management, Llc (registered 2023-11-15)Oct 23, 2023 · Advisor changed firm · fact
- Third Sigma Investment Advisors Llc filed its initial SEC registration (Form ADV)Feb 28, 2022 · First SEC registration · fact
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
- Business phone
- 302-656-1111reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- THIRDSIGMAADVISORS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 302-656-1111reportedpublic record, Form ADV, May 2, 2026
- Team page
- thirdsigmaadvisors.com/who-we-arereportedpublished by the firm, firm site, Sep 16, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $24.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026