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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
P•• A•••••••• L••
Latest filing Mar 23, 2026
First filing on the tape Nov 8, 2011 · 29 filings
SEC status approved since May 8, 2015
RAUM
$4.8B
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
42
0 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
119
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$4.8B as of Mar 23, 2026
Mar 30, 2012$40.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 23, 2026
Mar 15, 20161 then
Employees (5.A)42 as of Mar 23, 2026
Mar 15, 20165 then
Private funds119 as of Mar 23, 2026
Mar 30, 20121 then
RAUM +20% over the last fiscal year+27% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 23, 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
- $39.9MderivedRAUM 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
- +20%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
- portfolio management for pooled vehiclesreportedItem 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
- buys or sells securities as principal to or from clients (8.A.2)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$4.8B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 119reported
- 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=10.0derived
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
- C•••••• S••• F•• to M••••••• I••••••••• M••••••••• ••• L••Jan 11, 2012 · Other
Joined, latest
none on the tape
Private funds
76 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C•••••• P•• I• L• | Other Private Fund | $130M | 162 | Mar 31, 2022 |
| A•••• A••••• S••••• L• • P•••••• E••••• A••••• S••••••••• F••• I• | Other Private Fund | $127M | 49 | Mar 28, 2024 |
| T•• P•••••• S••••• P••••••• I••• L• | Other Private Fund | $118M | 111 | Mar 30, 2020 |
| R••••• P•••••••• F••• L• | Other Private Fund | $113M | 292 | Mar 31, 2023 |
| A•••• A••••• S••••• L• • C••••• A••••• O••••••••• F••• I• | Other Private Fund | $108M | 65 | Mar 31, 2023 |
| C•••••• P••• I••••• F••• I•• L• | Other Private Fund | $96.2M | 98 | Mar 31, 2021 |
| O•• B•••• S••••• P•••••• C••••• F••• I• L• | Other Private Fund | $94.2M | 230 | Mar 28, 2024 |
| A•••• A••••• S••••• L• • R••• E••••• A••••• O••••••••• F••• I• | Other Private Fund | $87.8M | 54 | Mar 31, 2023 |
| S•• A••••• I••••• F••• L• | Other Private Fund | $83.7M | 95 | Mar 31, 2021 |
| C•••••• P••• G••••• • I••••• F••• L• | Other Private Fund | $75.0M | 102 | Mar 28, 2024 |
| O••••••• H••••••••• A••••• F••• L• | Other Private Fund | $73.9M | 208 | Apr 20, 2015 |
| I••••• A••••• F•••• L••• | Other Private Fund | $73.7M | 75 | Mar 31, 2023 |
| F••••••••• P••••••• I•• A••••• F••• L• | Other Private Fund | $69.0M | 162 | Mar 15, 2016 |
| O•• I•• H••••••••• A••••• F••• L• | Other Private Fund | $61.7M | 118 | Mar 31, 2023 |
| R••• E••••• S••••• L••• F••• 2• L•no longer reported | Other Private Fund | $57.2M | 161 | Mar 30, 2020 |
| I••••••••• S•••••••• C••••••••• 2••• A••••• F••• L• | Other Private Fund | $56.6M | 210 | Mar 28, 2024 |
| T•• P•••••• S••••• P••••••• I• L• | Other Private Fund | $56.5M | 81 | Jul 17, 2017 |
| P•• M••••••••• 2••• A••••• L• | Other Private Fund | $54.2M | 109 | Mar 31, 2022 |
| C•••••• P••• O••••••••• F••• 2••• L• | Other Private Fund | $53.1M | 100 | Mar 31, 2022 |
| T•• P•••••• S••••• P•••••••• L• | Other Private Fund | $52.0M | 63 | Apr 20, 2015 |
| T•••••••• I•••••• L• | Other Private Fund | $49.9M | 99 | Mar 31, 2021 |
| B•••••• U•••• P•••••• E••••• A••••• F•••• L• | Other Private Fund | $49.8M | 84 | Mar 28, 2024 |
| O•••••• R•••••• • C••••• O••••••••• A••••• F••• I• L• | Other Private Fund | $48.6M | 93 | Mar 31, 2023 |
| R••• E••••• S••••• L••• A••••• F••• 3• L•no longer reported | Other Private Fund | $43.8M | 96 | Mar 31, 2022 |
| C•••••• I••••• P••••••• I• L• | Other Private Fund | $42.4M | 73 | Mar 31, 2022 |
| T•••••••• P•••••• O••••••••• F••• L• | Other Private Fund | $40.9M | 111 | Mar 31, 2022 |
| C•••••• P••• I••••• F••• | Other Private Fund | $39.4M | 88 | Mar 31, 2021 |
| C•••••• P••• O••••••••• F••• 2••• L• | Other Private Fund | $38.6M | 88 | Mar 30, 2020 |
| C••••••••• M••••••••• I••••• ••• F••• L•no longer reported | Real Estate Fund | $38.0M | 75 | Apr 20, 2015 |
| C•••••• P••• O••••••••• F••• 2••• L• | Other Private Fund | $37.9M | 95 | Mar 30, 2020 |
| O•• I•• H••••••••• O••••••• A••••• F••• L• | Other Private Fund | $37.5M | 114 | Mar 31, 2023 |
| R••• E••••• S••••• L••• F••• L•no longer reported | Other Private Fund | $35.8M | 122 | Mar 16, 2018 |
| P•• A••••• F••• • F••••••• C••••• O••••••••• F••• V• E•••••••• L• | Other Private Fund | $35.4M | 107 | Mar 31, 2021 |
| K••••••• A•• F••• I•• L• | Other Private Fund | $34.6M | 79 | Apr 20, 2015 |
| C••••• I••••• O••••••••• L• | Other Private Fund | $33.5M | 52 | Mar 31, 2023 |
| 8•• F••• V• A••••• F••• L• | Other Private Fund | $31.9M | 68 | Mar 31, 2023 |
| P•• H• F••• S••••• L• • T•••• G••••• L••• O••••••••• S••••• | Other Private Fund | $28.7M | 42 | Mar 31, 2022 |
| C•••••• P••• O••••••••• F••• 2••• •••• L• | Other Private Fund | $27.8M | 71 | Mar 31, 2021 |
| A•••• I••••• F••• I•• L• | Other Private Fund | $26.1M | 22 | Mar 31, 2022 |
| R•• V• A••••• F••• L• | Other Private Fund | $26.1M | 31 | Mar 31, 2022 |
Owners and control persons
Schedule A and B, latest filing
- B••••• R•••••• L•••• · Cfocontrolsince 01/2020 · owns less than 5%
- L•••• B••••••• W•••••• · Presidentcontrolsince 11/2008 · owns less than 5%
- R•••••• J••••••• J• · Chief Compliance Officercontrolsince 01/2023 · owns less than 5%
- L•••• B••••••• W•••••• · Officer And Ownercontrolsince 01/2013 · owns 50% to 75% of P•• C•••••• P••••••• L••
Entity owners
- P•• C•••••• P••••••• L•• · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- K••••••• D••••••••• G•••• L••pooled vehicle sponsory
- O•• G• L••pooled vehicle sponsory
- P•• 8••• M••• L••pooled vehicle sponsory
- P•• A••• M•• L••pooled vehicle sponsory
- P•• A•• I• M•• L••pooled vehicle sponsory
- P•• A•• I•• M•• L••pooled vehicle sponsory
- P•• A•••• T••• I• M•••• L••pooled vehicle sponsory
- P•• A•••• A••••• M••• L••pooled vehicle sponsory
- P•• B•••• M••• L••pooled vehicle sponsory
- P•• B••• V• M•• L••pooled vehicle sponsory
- P•• B••• M•• L••pooled vehicle sponsory
- P•• C•••••• I••••• M•• L••pooled vehicle sponsory
- P•• C•••• M•••• L••pooled vehicle sponsory
- P•• C• O••••••• M•• L••pooled vehicle sponsory
- P•• C••• M•• L••pooled vehicle sponsory
- P•• C•••• M••• L••pooled vehicle sponsory
- P•• C••• 2••• M•• L••pooled vehicle sponsory
- P•• C••• M•• L••pooled vehicle sponsory
- P•• C•••• M•• L••pooled vehicle sponsory
- P•• C•••• Q• M•• L••pooled vehicle sponsory
- P•• C••••• O••• V• M•• L••pooled vehicle sponsory
- P•• C•• I• M••• L••pooled vehicle sponsory
- P•• D••• M•• L••pooled vehicle sponsory
- P•• E•••••••• A•• M•• L••pooled vehicle sponsory
- P•• F•• C•• M•• L•• A•• F•• A••••••••• 2•••• L••pooled vehicle sponsory
- P•• F••• I• M•• L••pooled vehicle sponsory
- P•• F••••••••• G• L••pooled vehicle sponsory
- P•• G••• M•••• L••pooled vehicle sponsory
- P•• G••••• P•• M•• L••pooled vehicle sponsory
- P•• H• I•••••• X• M•• L••pooled vehicle sponsory
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 23, 2026discretionary share of RAUM of 0% against a peer median of 100% (1506 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: asset managers, $1B to $5B (1,506) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 104 to 119Oct 30, 2025 to Mar 23, 2026
- BD registered reps · 9 to 10Oct 30, 2025 to Mar 23, 2026
- Pooled vehicle clients · 104 to 119Oct 30, 2025 to Mar 23, 2026
- Employees · 48 to 42Oct 30, 2025 to Mar 23, 2026
- Private funds · 104 to 119Oct 30, 2025 to Mar 23, 2026
- Non-discretionary RAUM · $4.0B to $4.8BOct 30, 2025 to Mar 23, 2026
- Pooled vehicle RAUM · $4.0B to $4.8BOct 30, 2025 to Mar 23, 2026
- RAUM · $4.0B to $4.8BOct 30, 2025 to Mar 23, 2026
- Accounts · 68 to 104Mar 28, 2024 to Mar 20, 2025
- BD registered reps · 4 to 9Mar 28, 2024 to Mar 20, 2025
- Pooled vehicle clients · 68 to 104Mar 28, 2024 to Mar 20, 2025
- Employees · 35 to 48Mar 28, 2024 to Mar 20, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 20, 2025
- Private funds · 68 to 104Mar 28, 2024 to Mar 20, 2025
- Non-discretionary RAUM · $2.8B to $4.0BMar 28, 2024 to Mar 20, 2025
- Pooled vehicle RAUM · $2.8B to $4.0BMar 28, 2024 to Mar 20, 2025
- RAUM · $2.8B to $4.0BMar 28, 2024 to Mar 20, 2025
- Accounts · 61 to 68Feb 6, 2024 to Mar 28, 2024
- BD registered reps · 2 to 4Feb 6, 2024 to Mar 28, 2024
- Pooled vehicle clients · 61 to 68Feb 6, 2024 to Mar 28, 2024
- Employees · 21 to 35Feb 6, 2024 to Mar 28, 2024
- Private funds · 61 to 68Feb 6, 2024 to Mar 28, 2024
- Non-discretionary RAUM · $2.3B to $2.8BFeb 6, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $2.3B to $2.8BFeb 6, 2024 to Mar 28, 2024
- RAUM · $2.3B to $2.8BFeb 6, 2024 to Mar 28, 2024
- HQ city · CONSHOHOCKEN to WEST CONSHOHOCKENJul 26, 2023 to Feb 6, 2024
- Accounts · 57 to 61Jan 24, 2023 to Mar 31, 2023
- BD registered reps · 3 to 2Jan 24, 2023 to Mar 31, 2023
- Pooled vehicle clients · 57 to 61Jan 24, 2023 to Mar 31, 2023
- Assets in custody · 1702975754.0 to unsetJan 24, 2023 to Mar 31, 2023
- Custody of client assets · true to falseJan 24, 2023 to Mar 31, 2023
- Employees · 13 to 21Jan 24, 2023 to Mar 31, 2023
- Private funds · 58 to 61Jan 24, 2023 to Mar 31, 2023
- Non-discretionary RAUM · $1.7B to $2.3BJan 24, 2023 to Mar 31, 2023
- Pooled vehicle RAUM · $1.7B to $2.3BJan 24, 2023 to Mar 31, 2023
- RAUM · $1.7B to $2.3BJan 24, 2023 to Mar 31, 2023
- Accounts · 46 to 57Nov 5, 2021 to Mar 31, 2022
- Advisory employees · 1 to 0Nov 5, 2021 to Mar 31, 2022
- BD registered reps · 4 to 3Nov 5, 2021 to Mar 31, 2022
- Pooled vehicle clients · 46 to 57Nov 5, 2021 to Mar 31, 2022
Signals
7 dated events
- P•• A•••••••• L•• reported RAUM $4.0B, up 44% from $2.8B (2024-03-28 to 2025-03-20)Mar 20, 2025 · RAUM change · derived
- P•• A•••••••• L•• reported RAUM $2.3B, up 35% from $1.7B (2023-01-24 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- P•• A•••••••• L•• reported RAUM $1.7B, up 61% from $1.1B (2021-11-05 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- P•• A•••••••• L•• reported RAUM $1.1B, up 32% from $802.7M (2020-03-30 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Jeffrey Adam Stern (Cfo) no longer on Schedule A of P•• A•••••••• L•• (listed 2019-03-15, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- P•• A•••••••• L•• reported RAUM $560.8M, up 27% from $440.0M (2017-07-17 to 2018-03-16)Mar 16, 2018 · RAUM change · derived
- P•• A•••••••• L•• filed its initial SEC registration (Form ADV)Apr 20, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- P•• A•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- P•• A•••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/ppb-advisors-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- PPBADVISORS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 484.278.4017reportedpublic record, Form ADV, Mar 23, 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
Across the graphs
P•• A•••••••• L•• 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.
Checking your plan…