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

C••••••• T•• C••••• A•••••••

Other adviserCRD 151461SEC 801-77655websiteIAPD
Legal name C••••••• T•• C•••••• L••
Latest filing Mar 31, 2026
First filing on the tape Feb 12, 2013 · 22 filings
SEC status approved since Feb 22, 2013
RAUM
$444M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$444M
derived; firm RAUM over IAPD count
Employees
8
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
4
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$444M as of Mar 31, 2026
Mar 19, 2014$142M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 19, 20141 then
Employees (5.A)8 as of Mar 31, 2026
Mar 19, 20144 then
Private funds4 as of Mar 31, 2026
Mar 31, 20157 then
RAUM -11% over the last fiscal year-1.7% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$444MderivedRAUM 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
$111MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
43%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
8.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-11%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, fixed feesreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 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
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$254M57%
  • Insurance companies$190M43%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=0.57 institutional_share=0.43 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
E••• H••• D••••••C•••••••, MaMay 3, 201720 y0
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 headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      11 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      C••••••• S•••••••• H••••••• F••• I• L•••••• P•••••••••Real Estate Fund$174M1Mar 31, 2020
      C••••••• S•••••••• H••••••• F••• I• L•••••• P•••••••••Real Estate Fund$51.2M1Mar 30, 2019
      C••••••• W•••• O•• H••••••• F••• I• L•••••• P•••••••••Real Estate Fund$25.6M1Mar 30, 2019
      C••••••• Y••••••••• H••••••• F••• I• L•••••• P•••••••••Real Estate Fund$17.6M1Mar 31, 2015
      C••••••• S•••••••• M• H••••••• F••• I• L•••••• P•••••••••Real Estate Fund$5.7M1Mar 30, 2019
      C••••••• H••••••• T•• C••••• F••• I• L•••••• P•••••••••Real Estate Fund$3.0M1Mar 31, 2015
      C••••••• 2••• H••••••• T•• C••••• F••• I• L•••••• P•••••••••no longer reportedReal Estate Fund$1.4M1Mar 31, 2015
      C••••••• 2••• H••••••• T•• C••••• F••• I• L•••••• P•••••••••no longer reportedReal Estate Fund$1.0M1Mar 31, 2015
      C••••••• 2••• H••••••• T•• C••••• F••• I• L•••••• P•••••••••no longer reportedReal Estate Fund$947,3471Mar 31, 2015
      C••••••• 2••• H••••••• T•• C••••• F••• L•••••• P•••••••••no longer reportedReal Estate Fund$421,6971Mar 31, 2015
      C••••••• 2••• H••••••• T•• C••••• F••• I• L•••••• P•••••••••no longer reportedReal Estate Fund$126,2231Mar 31, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••• E•••• H••• · Managercontrol
        since 08/2009 · owns less than 5%
      • D••••••• E•••• H••• · Membercontrol
        since 03/2006 · owns 75% or more of C••••••• T•• C••••• A••••••• L••
      • D••••••• J••••• E••••• · Cco
        since 10/2020 · owns less than 5%
      Entity owners
      • C••••••• T•• C••••• A••••••• L•• · LLC Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Mar 31, 2026
        discretionary share of RAUM of 0% against a peer median of 100% (212 comparable advisers, 0.0th percentile, 33.7 robust deviations)
        peers: other advisers, $100M to $500M (212) · 0.0% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 7 to 4
        Apr 1, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 5 to 4
        Apr 1, 2025 to Mar 31, 2026
      • Employees · 7 to 8
        Apr 1, 2025 to Mar 31, 2026
      • Private funds · 5 to 4
        Apr 1, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $498M to $444M
        Apr 1, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $311M to $254M
        Apr 1, 2025 to Mar 31, 2026
      • RAUM · $498M to $444M
        Apr 1, 2025 to Mar 31, 2026
      • Employees · 6 to 7
        Apr 1, 2024 to Apr 1, 2025
      • Financial planning clients · 0 to
        Apr 1, 2024 to Apr 1, 2025
      • HQ city · unset to
        Apr 1, 2024 to Apr 1, 2025
      • HQ state · unset to
        Apr 1, 2024 to Apr 1, 2025
      • Other offices · 0 to 1
        Apr 1, 2024 to Apr 1, 2025
      • Non-discretionary RAUM · $473M to $498M
        Apr 1, 2024 to Apr 1, 2025
      • Pooled vehicle RAUM · $274M to $311M
        Apr 1, 2024 to Apr 1, 2025
      • RAUM · $473M to $498M
        Apr 1, 2024 to Apr 1, 2025
      • Accounts · 8 to 7
        Mar 30, 2023 to Apr 1, 2024
      • Pooled vehicle clients · 6 to 5
        Mar 30, 2023 to Apr 1, 2024
      • Private funds · 6 to 5
        Mar 30, 2023 to Apr 1, 2024
      • Non-discretionary RAUM · $468M to $473M
        Mar 30, 2023 to Apr 1, 2024
      • Pooled vehicle RAUM · $272M to $274M
        Mar 30, 2023 to Apr 1, 2024
      • RAUM · $468M to $473M
        Mar 30, 2023 to Apr 1, 2024
      • Accounts · 13 to 8
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 11 to 6
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 5 to 6
        Mar 31, 2022 to Mar 30, 2023
      • Private funds · 11 to 6
        Mar 31, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $477M to $468M
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $281M to $272M
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $477M to $468M
        Mar 31, 2022 to Mar 30, 2023
      • Advisory employees · 6 to 5
        Mar 24, 2021 to Mar 31, 2022
      • Employees · 6 to 5
        Mar 24, 2021 to Mar 31, 2022
      • Non-discretionary RAUM · $470M to $477M
        Mar 24, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $274M to $281M
        Mar 24, 2021 to Mar 31, 2022
      • RAUM · $470M to $477M
        Mar 24, 2021 to Mar 31, 2022
      • Accounts · 24 to 13
        Dec 22, 2020 to Mar 24, 2021
      • Non-discretionary RAUM · $469M to $470M
        Dec 22, 2020 to Mar 24, 2021
      • Pooled vehicle RAUM · $273M to $274M
        Dec 22, 2020 to Mar 24, 2021
      • RAUM · $469M to $470M
        Dec 22, 2020 to Mar 24, 2021
      • Advisory employees · 7 to 6
        Jul 31, 2020 to Dec 22, 2020
      • Employees · 7 to 6
        Jul 31, 2020 to Dec 22, 2020
      • HQ city · C••••••• to unset
        Jul 31, 2020 to Dec 22, 2020
      Signals
      3 dated events
      • Arthur Richard Floreani (Llc Member And Cco) no longer on Schedule A of C••••••• T•• C••••• A••••••• (listed 2020-07-31, absent 2020-12-22)
        Dec 22, 2020 · Control person left · inference
      • C••••••• T•• C••••• A••••••• reported RAUM $468.2M, up 73% from $271.2M (2019-12-24 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • C••••••• T•• C••••• A••••••• filed its initial SEC registration (Form ADV)
        Feb 12, 2013 · 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
      Firm profile
      linkedin.com/company/carlisle-tax-credit-advisors-llcreportedpublic record, Form ADV, Sep 18, 2026
      Website
      C•••••••TAXCREDITS.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      978-697-5369reportedpublic record, Form ADV, Mar 31, 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
      Other adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $444Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      C••••••• T•• C••••• A••••••• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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