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
N•••••••• B••••• A••• L••••••
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 30 filings
SEC status approved since Aug 9, 2010
RAUM
$11B
reported, Item 5.F
Discretionary
100%
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
62
19 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$11B as of Mar 30, 2026
Mar 30, 2012$859M then
HNW client RAUM$0 as of Mar 30, 2026
Mar 31, 2023$0 then
State-registered IARs (5.B.3)1 as of Mar 30, 2026
Mar 28, 20130 then
Employees (5.A)62 as of Mar 30, 2026
Mar 28, 201332 then
Private funds1 as of Mar 30, 2020
Mar 30, 20122 then
RAUM +60% over the last fiscal year+22% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 30, 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
- $11BderivedRAUM 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
- $393MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 48%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 62.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +60%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, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, 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)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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$5.7B52%
- Sovereign wealth funds$3.9B36%
- Insurance companies$1.4B12%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 28reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.52 institutional_share=0.48 related_bd=true related_bank=true bd_reps=1.0derived
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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P• M•••••• F•••• S••• • S••••••••• P•••••••• 2•no longer reported | Hedge Fund | $112M | 19 | Mar 30, 2012 |
| N•••••••• B••••• C•••• E••••• M••••• F•••no longer reported | Hedge Fund | $2.1M | 3 | Jun 20, 2017 |
Owners and control persons
Schedule A and B, latest filing
- C•••• T••••• · Chief Compliance Officercontrolsince 02/2021 · owns less than 5%
- H•••••••• J••••• C••••••••• D••••••• · Directorcontrolsince 03/2010 · owns less than 5%
- H••• A••••• J•••• · Directorcontrolsince 11/2023 · owns less than 5%
- Z••••••••• H••••••• P• · Directorcontrolsince 11/2009 · owns less than 5%
Entity owners
- N•••••••• B••••• A••• H••••••• I• L•• · Holding Companydirect · owns 75% or more
- N••• A••••••••• L•• · Memberindirect · owns 75% or more of N•••••••• B••••• G•••• L••
- N•••••••• B••••• A••• H••••••• L•• · Memberindirect · owns 75% or more of N•••••••• B••••• A••• H••••••• I• L••
- N•••••••• B••••• G•••• L•• · Memberindirect · owns 75% or more of N•••••••• B••••• A••• H••••••• L••
Related persons
Schedule D 7.A
- N• A••••••••• A••••••• L••investment adviserpooled vehicle sponsornRAUM $160B
- N•••••••• B••••• A••• L••••••••• S•••investment adviserpooled vehicle sponsornRAUM $2.2B
- N•••••••• B••••• A•••• M••••••••• I•••••• L••••••investment adviserbankpooled vehicle sponsorn
- N•••••••• B••••• A•••••••• L••investment advisern
- N•••••••• B••••• B• L••broker-dealerinvestment adviserbankn
- N•••••••• B••••• C••••• U••investment adviserbankpooled vehicle sponsornRAUM $12B
- N•••••••• B••••• E••• A••• L••••••investment advisern
- N•••••••• B••••• E••••• L••••••investment adviserbankpooled vehicle sponsornRAUM $98B
- N•••••••• B••••• F••• M••••••••• •••••• L••••••investment advisern
- N•••••••• B••••• I•••• P•••••• L••••••investment advisern
- N•••••••• B••••• I••••••••• C••••••••• ••••••••• L••••••investment advisery
- N•••••••• B••••• I••••••••• A••••••• L••investment adviserbankpooled vehicle sponsornRAUM $399B
- N•••••••• B••••• L••• A••••••• I• L••investment advisernRAUM $9.0B
- N•••••••• B••••• L••• A••••••• I• L••investment advisernRAUM $6.1B
- N•••••••• B••••• L••• A••••••• L••investment advisernRAUM $4.9B
- N•••••••• B••••• O••••••• I••••••••• F••• M••••••••• ••••••••• L••••••investment advisery
- N•••••••• B••••• S•••••••• P••• L••••••investment adviserbanknRAUM $29B
- N•••••••• B••••• T••••• ••••• L••••••investment advisern
Advisers that list N•••••••• B••••• A••• L•••••• as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- institutional asset share shiftChange between filings · filing Mar 30, 2026institutional share of RAUM moved from 76.0% to 48.0% between the annual amendments of 2025-03-28 and 2026-03-30peers: other advisers, $5B to $20B (134)
- RAUM up 50 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $6,867,563,326 to $11,014,612,193 (+60.0%) between the annual amendments of 2025-03-28 and 2026-03-30; the peer median change was +9.0% (119 comparable advisers, 94.0th percentile of changes)peers: other advisers, $5B to $20B (119) · 94% percentile
What changed
consecutive filings, newest first
- Accounts · 30 to 28Mar 28, 2025 to Mar 30, 2026
- Advisory employees · 21 to 19Mar 28, 2025 to Mar 30, 2026
- Pooled vehicle clients · 8 to 9Mar 28, 2025 to Mar 30, 2026
- Discretionary RAUM · $6.9B to $11BMar 28, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $1.6B to $5.7BMar 28, 2025 to Mar 30, 2026
- RAUM · $6.9B to $11BMar 28, 2025 to Mar 30, 2026
- Accounts · 31 to 30Feb 3, 2025 to Mar 28, 2025
- Advisory employees · 22 to 21Feb 3, 2025 to Mar 28, 2025
- Pooled vehicle clients · 9 to 8Feb 3, 2025 to Mar 28, 2025
- Employees · 64 to 62Feb 3, 2025 to Mar 28, 2025
- Financial planning clients · unset to Feb 3, 2025 to Mar 28, 2025
- Discretionary RAUM · $6.2B to $6.9BFeb 3, 2025 to Mar 28, 2025
- Pooled vehicle RAUM · $1.7B to $1.6BFeb 3, 2025 to Mar 28, 2025
- RAUM · $6.2B to $6.9BFeb 3, 2025 to Mar 28, 2025
- HQ state · unset to Dec 20, 2024 to Jan 22, 2025
- Accounts · 22 to 31Nov 1, 2023 to Mar 28, 2024
- Advisory employees · 21 to 22Nov 1, 2023 to Mar 28, 2024
- Pooled vehicle clients · 5 to 9Nov 1, 2023 to Mar 28, 2024
- Employees · 63 to 64Nov 1, 2023 to Mar 28, 2024
- Discretionary RAUM · $6.1B to $6.2BNov 1, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $1.9B to $1.7BNov 1, 2023 to Mar 28, 2024
- RAUM · $6.1B to $6.2BNov 1, 2023 to Mar 28, 2024
- Accounts · 13 to 22Dec 1, 2022 to Mar 31, 2023
- Advisory employees · 24 to 21Dec 1, 2022 to Mar 31, 2023
- BD registered reps · 2 to 1Dec 1, 2022 to Mar 31, 2023
- Charity clients · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- Corporate clients · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- HNW clients · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- Individual clients · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- Pension plan clients · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- Pooled vehicle clients · 4 to 5Dec 1, 2022 to Mar 31, 2023
- Insurance-licensed employees · 2 to 1Dec 1, 2022 to Mar 31, 2023
- State-registered IARs · 2 to 1Dec 1, 2022 to Mar 31, 2023
- Discretionary RAUM · $6.7B to $6.1BDec 1, 2022 to Mar 31, 2023
- HNW RAUM · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- Individual RAUM · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- Pension RAUM · unset to 0.0Dec 1, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $3.4B to $1.9BDec 1, 2022 to Mar 31, 2023
- RAUM · $6.7B to $6.1BDec 1, 2022 to Mar 31, 2023
- Accounts · 10 to 13Jun 15, 2021 to Mar 31, 2022
Signals
8 dated events
- N•••••••• B••••• A••• L•••••• reported RAUM $11.0B, up 60% from $6.9B (2025-03-28 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Joyue Alvin Hui (Director) appeared on Schedule A of N•••••••• B••••• A••• L••••••Nov 1, 2023 · Control person joined · fact
- John Francis Nicholas Hoar (Managing Director) no longer on Schedule A of N•••••••• B••••• A••• L•••••• (listed 2022-07-07, absent 2022-07-29)Jul 29, 2022 · Control person left · inference
- N•••••••• B••••• A••• L•••••• reported RAUM $6.7B, up 91% from $3.5B (2021-06-15 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- N•••••••• B••••• A••• L•••••• reported RAUM $3.5B, up 177% from $1.3B (2021-02-08 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Sik Kar Chao (Chief Compliance Officer) no longer on Schedule A of N•••••••• B••••• A••• L•••••• (listed 2021-02-08, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- Travis Chia (Chief Compliance Officer) appeared on Schedule A of N•••••••• B••••• A••• L••••••Mar 30, 2021 · Control person joined · fact
- N•••••••• B••••• A••• L•••••• reported RAUM $850.8M, down 81% from $4.4B (2017-06-21 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
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 webs•••
- NB.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 852 3664 8800reportedpublic record, Form ADV, Mar 30, 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
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026