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.

Former SEC-registered adviser

Hedgemark Advisors, LLC

Former SEC-registered adviserNew York, New YorkCRD 151306SEC 801-70563IAPD
Latest filing Aug 17, 2017
First filing on the tape Nov 14, 2011 · 21 filings
RAUM
$7.1B
reported, Item 5.F
Discretionary
0.0%
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
26
26 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$7.1B as of Mar 30, 2017
Apr 1, 2013$362M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2017
Apr 1, 20130 then
Employees (5.A)26 as of Mar 30, 2017
Apr 1, 201320 then
Private funds1 as of Mar 30, 2016
Mar 30, 20151 then
RAUM -6.2% over the last fiscal year+95% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 17, 2017; 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
$340MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%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
-6.2%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, otherreportedItem 5.E
Advisory activities
otherreportedItem 5.G
Custody
$3.0B, 19 clientsreportedItem 9.A
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
21reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$3.0B for 19 clientsreported
Compensation
% of AUMreported
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • David Joshua Kestler · Chief Operating Officercontrol
        since 03/2012 · owns less than 5%
      • Scott Andrew Lapkin · Chief Executive Officercontrol
        since 08/2012 · owns less than 5%
      • Paul Dennis Lowenfels · Chief Compliance Officer
        since 05/2016 · owns less than 5%
      Entity owners
      • Hedgemark International, LLC · Managing Member
        direct · owns 75% or more
      • The Bank Of New York Mellon Corporation · Member
        indirect · owns 75% or more of The Bank Of New York Mellon Corporation · public reporting company
      Related persons
      Schedule D 7.A
      Advisers that list Hedgemark Advisors, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 14 to 21
        Jan 18, 2017 to Mar 30, 2017
      • Advisory employees · 18 to 26
        Jan 18, 2017 to Mar 30, 2017
      • BD registered reps · 4 to 5
        Jan 18, 2017 to Mar 30, 2017
      • Assets in custody · $2.0B to $3.0B
        Jan 18, 2017 to Mar 30, 2017
      • Employees · 19 to 26
        Jan 18, 2017 to Mar 30, 2017
      • Private funds · 1 to unset
        Jan 18, 2017 to Mar 30, 2017
      • Non-discretionary RAUM · $7.6B to $7.1B
        Jan 18, 2017 to Mar 30, 2017
      • RAUM · $7.6B to $7.1B
        Jan 18, 2017 to Mar 30, 2017
      • Accounts · 8 to 14
        Feb 5, 2016 to Mar 30, 2016
      • Advisory employees · 16 to 18
        Feb 5, 2016 to Mar 30, 2016
      • BD registered reps · 5 to 4
        Feb 5, 2016 to Mar 30, 2016
      • Assets in custody · $1.3B to $2.0B
        Feb 5, 2016 to Mar 30, 2016
      • Employees · 18 to 19
        Feb 5, 2016 to Mar 30, 2016
      • Financial planning clients · unset to 0
        Feb 5, 2016 to Mar 30, 2016
      • Non-discretionary RAUM · $1.3B to $7.6B
        Feb 5, 2016 to Mar 30, 2016
      • RAUM · $1.3B to $7.6B
        Feb 5, 2016 to Mar 30, 2016
      • Accounts · 5 to 8
        May 22, 2014 to Mar 30, 2015
      • Advisory employees · 26 to 16
        May 22, 2014 to Mar 30, 2015
      • Advisory activities · 2 to 1
        May 22, 2014 to Mar 30, 2015
      • Assets in custody · $590M to $1.3B
        May 22, 2014 to Mar 30, 2015
      • Employees · 32 to 18
        May 22, 2014 to Mar 30, 2015
      • Non-discretionary RAUM · $936M to $1.3B
        May 22, 2014 to Mar 30, 2015
      • RAUM · $936M to $1.3B
        May 22, 2014 to Mar 30, 2015
      • Accounts · 4 to 5
        Mar 31, 2014 to May 22, 2014
      • Advisory activities · 3 to 2
        Mar 31, 2014 to May 22, 2014
      • Private funds · unset to 1
        Mar 31, 2014 to May 22, 2014
      • Non-discretionary RAUM · $965M to $936M
        Mar 31, 2014 to May 22, 2014
      • RAUM · $965M to $936M
        Mar 31, 2014 to May 22, 2014
      • Advisory employees · 12 to 26
        Feb 20, 2014 to Mar 31, 2014
      • Assets in custody · $282M to $590M
        Feb 20, 2014 to Mar 31, 2014
      • Employees · 20 to 32
        Feb 20, 2014 to Mar 31, 2014
      • Discretionary RAUM · $21.7M to $0
        Feb 20, 2014 to Mar 31, 2014
      • Non-discretionary RAUM · $341M to $965M
        Feb 20, 2014 to Mar 31, 2014
      • RAUM · $362M to $965M
        Feb 20, 2014 to Mar 31, 2014
      • State-registered IARs · unset to 0.0
        Jun 26, 2012 to Apr 1, 2013
      • Accounts · 3 to 4
        Jun 26, 2012 to Apr 1, 2013
      • Advisory employees · unset to 12.0
        Jun 26, 2012 to Apr 1, 2013
      • Advisory activities · 2 to 3
        Jun 26, 2012 to Apr 1, 2013
      • BD registered reps · 0 to 5
        Jun 26, 2012 to Apr 1, 2013
      • Assets in custody · unset to 281689108.0
        Jun 26, 2012 to Apr 1, 2013
      Signals
      No event on the tape.
      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