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

B•••• F•••••••• S••••••• L••

Institutional managerNew York, New YorkCRD 153055SEC 801-71132websiteIAPD
Latest filing Apr 1, 2026
First filing on the tape Mar 12, 2012 · 20 filings
SEC status approved since Mar 4, 2010
RAUM
$588M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$588M
derived; firm RAUM over IAPD count
Employees
4
1 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$588M as of Apr 1, 2026
Mar 12, 2012$23B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 1, 2026
Mar 12, 20120 then
Employees (5.A)4 as of Apr 1, 2026
Apr 1, 201310 then
Private funds: no history
RAUM -27% over the last fiscal year-52% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 1, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$588MderivedRAUM 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
$588MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-27%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
fixed feesreportedItem 5.E
Advisory activities
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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$588M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
fixedreported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=true related_bank=false bd_reps=3.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J•••••• L••New York, NyOct 24, 201319 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• C••••••• L••••••• · Chairman, Chief Executive Officer, And Chief Compliance Officercontrol
        since 01/2010 · owns less than 5%
      Entity owners
      • B•••• C•••••• G•••• L•• · Sole Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Apr 1, 2026
        RAUM (Item 5.F) moved from $805,003,601 to $588,153,609 (-27.0%) between the annual amendments of 2025-03-31 and 2026-04-01; the peer median change was +13.0% (63 comparable advisers, 3.0th percentile of changes)
        peers: institutional managers, $500M to $1B (63) · 3.2% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 2 to 1
        Mar 31, 2025 to Apr 1, 2026
      • BD registered reps · 5 to 3
        Mar 31, 2025 to Apr 1, 2026
      • Employees · 5 to 4
        Mar 31, 2025 to Apr 1, 2026
      • Discretionary RAUM · $805M to $588M
        Mar 31, 2025 to Apr 1, 2026
      • Pension RAUM · $805M to $588M
        Mar 31, 2025 to Apr 1, 2026
      • RAUM · $805M to $588M
        Mar 31, 2025 to Apr 1, 2026
      • Accounts · 1 to 2
        Mar 29, 2024 to Mar 31, 2025
      • Employees · 8 to 5
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $5.4B to $805M
        Mar 29, 2024 to Mar 31, 2025
      • Pension RAUM · $5.4B to $805M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $5.4B to $805M
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 2 to 1
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $5.4B to $5.4B
        Mar 31, 2023 to Mar 29, 2024
      • Pension RAUM · $5.4B to $5.4B
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $5.4B to $5.4B
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 1 to 2
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $5.6B to $5.4B
        Mar 31, 2022 to Mar 31, 2023
      • Pension RAUM · $5.6B to $5.4B
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $5.6B to $5.4B
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 2 to 1
        Mar 30, 2021 to Mar 31, 2022
      • Discretionary RAUM · $9.5B to $5.6B
        Mar 30, 2021 to Mar 31, 2022
      • Pension RAUM · $9.5B to $5.6B
        Mar 30, 2021 to Mar 31, 2022
      • RAUM · $9.5B to $5.6B
        Mar 30, 2021 to Mar 31, 2022
      • Discretionary RAUM · $12B to $9.5B
        Mar 26, 2020 to Mar 30, 2021
      • Pension RAUM · $12B to $9.5B
        Mar 26, 2020 to Mar 30, 2021
      • RAUM · $12B to $9.5B
        Mar 26, 2020 to Mar 30, 2021
      • Discretionary RAUM · $12B to $12B
        Aug 16, 2019 to Mar 26, 2020
      • Pension RAUM · $12B to $12B
        Aug 16, 2019 to Mar 26, 2020
      • RAUM · $12B to $12B
        Aug 16, 2019 to Mar 26, 2020
      • BD registered reps · 6 to 5
        Apr 5, 2018 to Apr 4, 2019
      • Employees · 7 to 8
        Apr 5, 2018 to Apr 4, 2019
      • Discretionary RAUM · $15B to $12B
        Apr 5, 2018 to Apr 4, 2019
      • Pension RAUM · $15B to $12B
        Apr 5, 2018 to Apr 4, 2019
      • RAUM · $15B to $12B
        Apr 5, 2018 to Apr 4, 2019
      • Advisory activities · 2 to 1
        Jun 27, 2017 to Apr 5, 2018
      • Other offices · unset to 0.0
        Jun 27, 2017 to Apr 5, 2018
      • Discretionary RAUM · $13B to $15B
        Jun 27, 2017 to Apr 5, 2018
      • Pension RAUM · unset to 14900000000.0
        Jun 27, 2017 to Apr 5, 2018
      • RAUM · $13B to $15B
        Jun 27, 2017 to Apr 5, 2018
      Signals
      4 dated events
      • B•••• F•••••••• S••••••• L•• reported RAUM $588.2M, down 27% from $805.0M (2025-03-31 to 2026-04-01)
        Apr 1, 2026 · RAUM change · derived
      • B•••• F•••••••• S••••••• L•• reported RAUM $805.0M, down 85% from $5.4B (2024-03-29 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • B•••• F•••••••• S••••••• L•• reported RAUM $5.6B, down 41% from $9.5B (2021-03-30 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Marc Jeremy Josse (Compliance Director) no longer on Schedule A of B•••• F•••••••• S••••••• L•• (listed 2018-04-05, absent 2019-04-04)
        Apr 4, 2019 · Control person left · inference
      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/B••••-CAPITALreportedpublic record, Form ADV, Sep 19, 2026
      Website
      B••••CAPITAL.COM/INDEPENDENT-F••••••••reportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      212-209-3000reportedpublic record, Form ADV, Apr 1, 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
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $588Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026