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

N•••••• I••••••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 153918SEC 801-78673websiteIAPD
Latest filing Mar 5, 2026
First filing on the tape Oct 3, 2013 · 30 filings
SEC status approved since Oct 21, 2013
RAUM
$439M
reported, Item 5.F
Discretionary
84%
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
17
17 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
5
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$439M as of Mar 5, 2026
May 7, 2014$200M then
HNW client RAUM$0 as of Mar 5, 2026
May 2, 2018$49.3M then
State-registered IARs (5.B.3)0 as of Mar 5, 2026
May 7, 20140 then
Employees (5.A)17 as of Mar 5, 2026
May 7, 20148 then
Private funds5 as of Mar 5, 2026
May 7, 20142 then
RAUM -25% over the last fiscal year-3.7% a year over threeIARs 0 to 0offices 1 to 2
Practice profile
derived from the filing of Mar 5, 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
$73.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
84%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-25%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$2.6M, 5 clientsreportedItem 9.A
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 custody of client cash or bank accounts (9.A.1.a)
  • a related person has custody of client cash (9.B.1.a)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$439M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
6reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$2.6M for 5 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      9 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • M••••••• D••••••• E• · Managing Principal/Chief Compliance Officercontrol
        since 03/2010 · owns less than 5%
      • M••••••• D••••••• E• · Ownercontrol
        since 01/2024 · owns 75% or more of N•••••• C•••••• P••••••• H••••••• L••
      • B••••• M•••••••• D•••• · Director, Chief Accounting Officer
        since 01/2024 · owns less than 5%
      Entity owners
      • N•••••• C•••••• P••••••• H••••••• L•• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • N•• A•••• M••••••••• L••
        investment companyn
      Offices
      Schedule D 1.F, the 25 largest
      • Dyer, IN1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • discretionary share shiftChange between filings · filing Mar 5, 2026
        discretionary share of RAUM moved from 65.0% to 84.0% between the annual amendments of 2025-03-14 and 2026-03-05
        peers: asset managers, $100M to $500M (1,567)
      What changed
      consecutive filings, newest first
      • Accounts · 7 to 6
        Dec 23, 2025 to Mar 5, 2026
      • Advisory employees · 12 to 17
        Dec 23, 2025 to Mar 5, 2026
      • Pooled vehicle clients · 7 to 6
        Dec 23, 2025 to Mar 5, 2026
      • Assets in custody · $2.8M to $2.6M
        Dec 23, 2025 to Mar 5, 2026
      • Employees · 12 to 17
        Dec 23, 2025 to Mar 5, 2026
      • Other offices · 1 to 2
        Dec 23, 2025 to Mar 5, 2026
      • Discretionary RAUM · $376M to $369M
        Dec 23, 2025 to Mar 5, 2026
      • Non-discretionary RAUM · $206M to $69.8M
        Dec 23, 2025 to Mar 5, 2026
      • Pooled vehicle RAUM · $583M to $439M
        Dec 23, 2025 to Mar 5, 2026
      • RAUM · $583M to $439M
        Dec 23, 2025 to Mar 5, 2026
      • Accounts · 6 to 7
        May 24, 2024 to Mar 14, 2025
      • Advisory employees · 15 to 12
        May 24, 2024 to Mar 14, 2025
      • Pooled vehicle clients · 6 to 7
        May 24, 2024 to Mar 14, 2025
      • Assets in custody · $2.1M to $2.8M
        May 24, 2024 to Mar 14, 2025
      • Employees · 15 to 12
        May 24, 2024 to Mar 14, 2025
      • Financial planning clients · 0 to 0
        May 24, 2024 to Mar 14, 2025
      • Private funds · 6 to 5
        May 24, 2024 to Mar 14, 2025
      • Discretionary RAUM · $401M to $376M
        May 24, 2024 to Mar 14, 2025
      • Non-discretionary RAUM · $72.2M to $206M
        May 24, 2024 to Mar 14, 2025
      • Pooled vehicle RAUM · $474M to $583M
        May 24, 2024 to Mar 14, 2025
      • RAUM · $474M to $583M
        May 24, 2024 to Mar 14, 2025
      • Other offices · 0 to 1
        Mar 28, 2024 to Apr 16, 2024
      • Accounts · 7 to 6
        Nov 9, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 7 to 6
        Nov 9, 2023 to Mar 28, 2024
      • Assets in custody · $988,000 to $2.1M
        Nov 9, 2023 to Mar 28, 2024
      • Other offices · 1 to 0
        Nov 9, 2023 to Mar 28, 2024
      • Private funds · 7 to 6
        Nov 9, 2023 to Mar 28, 2024
      • Discretionary RAUM · $421M to $401M
        Nov 9, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $70.9M to $72.2M
        Nov 9, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $492M to $474M
        Nov 9, 2023 to Mar 28, 2024
      • RAUM · $492M to $474M
        Nov 9, 2023 to Mar 28, 2024
      • Assets in custody · $10.7M to $988,000
        May 9, 2022 to Mar 28, 2023
      • Discretionary RAUM · $455M to $421M
        May 9, 2022 to Mar 28, 2023
      • Non-discretionary RAUM · $193M to $70.9M
        May 9, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $648M to $492M
        May 9, 2022 to Mar 28, 2023
      • RAUM · $648M to $492M
        May 9, 2022 to Mar 28, 2023
      • Accounts · 6 to 7
        Mar 31, 2021 to Apr 5, 2022
      • Pooled vehicle clients · 6 to 7
        Mar 31, 2021 to Apr 5, 2022
      • Assets in custody · $2.5M to $10.7M
        Mar 31, 2021 to Apr 5, 2022
      • Other offices · 0 to 1
        Mar 31, 2021 to Apr 5, 2022
      Signals
      3 dated events
      • N•••••• I••••••••• M••••••••• L•• reported RAUM $647.7M, up 33% from $488.5M (2021-03-31 to 2022-04-05)
        Apr 5, 2022 · RAUM change · derived
      • N•••••• I••••••••• M••••••••• L•• reported RAUM $496.4M, up 61% from $309.1M (2019-10-10 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • N•••••• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Oct 3, 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/newportcapitalptrs/aboutreportedpublic record, Form ADV, Sep 18, 2026
      Website
      a••.j•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-724-7031reportedpublic record, Form ADV, Mar 5, 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

      N•••••• I••••••••• M••••••••• 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.

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