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.

SEC-registered adviser

Conway Investment Solutions

Asset manager (funds and pooled vehicles)Saint Louis, MissouriCRD 154659SEC 801-110312websiteIAPD
Legal name Conway Investment Research, LLC
Latest filing Mar 30, 2026
First filing on the tape Mar 29, 2017 · 14 filings
SEC status approved since Apr 10, 2017
RAUM
$1.7B
reported, Item 5.F
Discretionary
6.0%
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
20
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$1.7B as of Mar 30, 2026
Mar 30, 2018$567M then
HNW client RAUM: no history
State-registered IARs (5.B.3)7 as of Mar 30, 2026
Mar 30, 20188 then
Employees (5.A)20 as of Mar 30, 2026
Mar 30, 201810 then
Private funds6 as of Mar 30, 2026
Mar 30, 20184 then
RAUM +29% over the last fiscal year+24% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
RAUM per advisor
$239MderivedRAUM 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
$119MderivedRAUM over accounts (5.F.2.f)
Discretionary
6.0%derivedof RAUM
Institutional
8.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.9derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+29%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 fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, publicationsreportedItem 5.G
Custody
$1.5B, 11 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.5B92%
  • Charitable organizations$140M8.4%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
14reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$1.5B for 11 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.92 institutional_share=0.08 related_bd=false related_bank=false 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
Private funds
7 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Conway Onshore Access Fund, LLCHedge Fund$344M1,144Mar 30, 2016
Conway Offshore Access Fund Ltd.Hedge Fund$316M388Mar 30, 2016
Conway Rief Onshore Access Fund, LLCHedge Fund$172M207Mar 30, 2018
Bg Diversified, LLCHedge Fund$19.5M7Mar 29, 2017
Conway Rief Offshore Access Fund Ltd.no longer reportedHedge Fund$9.3M9Mar 31, 2021
Conway Offshore Ieaf, Ltd.Hedge Fund$6.4M37Mar 28, 2024
Conway - Thompson Thrift 2023 Access Fund, LPHedge Fund$3.8M16Mar 28, 2024
Owners and control persons
Schedule A and B, latest filing
  • Douglass Richard Baur · Principalcontrol
    since 07/2010 · owns less than 5%
  • Leo Roger Brown · Principal, LLC Membercontrol
    since 06/2016 · owns less than 5%
  • Steven Thomas Margulis · Principalcontrol
    since 07/2010 · owns less than 5%
  • Douglass Richard Baur · Trusteecontrol
    since 07/2010 · owns F of Richard D. Baur Revocable Trust Dtd 12/19/02
  • Evan Jeremy Bell · Trusteecontrol
    since 07/2016 · owns F of Jeremy Evan Bell Revocable Living Trust Dated July 8, 2016
  • Leo Roger Brown · Trusteecontrol
    since 01/2020 · owns F of Roger L. Brown II Revocable Trust Dated July 29, 2018
  • Steven Thomas Margulis · Trusteecontrol
    since 07/2010 · owns F of Thomas S. Margulis Family Trust Dated 10/8/10
  • Evan Jeremy Bell · Principal
    since 02/2015 · owns less than 5%
  • Chandler Crawford Warren Holmes · Principal, Chief Compliance Officer
    since 07/2017 · owns less than 5%
  • George Michael Mileusnic · Principal
    since 01/2021 · owns less than 5%
Entity owners
  • Richard D. Baur Revocable Trust Dtd 12/19/02 · LLC Member
    direct · owns 25% to 50%
  • Thomas S. Margulis Family Trust Dated 10/8/10 · LLC Member
    direct · owns 25% to 50%
  • Jeremy Evan Bell Revocable Living Trust Dated July 8, 2016 · LLC Member
    direct · owns less than 5%
  • Roger L. Brown II Revocable Trust Dated July 29, 2018 · LLC Member
    direct · owns 10% to 25%
Related persons
Schedule D 7.A
  • Cir Feeder Fund Management, LLC
    pooled vehicle sponsory
  • Conway Private Funds Gp, LLC
    pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 12 to 14
    Mar 31, 2025 to Mar 30, 2026
  • Advisory employees · 13 to 11
    Mar 31, 2025 to Mar 30, 2026
  • Pooled vehicle clients · 9 to 11
    Mar 31, 2025 to Mar 30, 2026
  • Assets in custody · $1.2B to $1.5B
    Mar 31, 2025 to Mar 30, 2026
  • Discretionary RAUM · $95.0M to $101M
    Mar 31, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $1.2B to $1.6B
    Mar 31, 2025 to Mar 30, 2026
  • Pooled vehicle RAUM · $1.2B to $1.5B
    Mar 31, 2025 to Mar 30, 2026
  • RAUM · $1.3B to $1.7B
    Mar 31, 2025 to Mar 30, 2026
  • Accounts · 9 to 12
    Jul 2, 2024 to Mar 31, 2025
  • BD registered reps · 3 to 1
    Jul 2, 2024 to Mar 31, 2025
  • Pooled vehicle clients · 6 to 9
    Jul 2, 2024 to Mar 31, 2025
  • Assets in custody · $861M to $1.2B
    Jul 2, 2024 to Mar 31, 2025
  • Employees · 19 to 20
    Jul 2, 2024 to Mar 31, 2025
  • Financial planning clients · unset to
    Jul 2, 2024 to Mar 31, 2025
  • Discretionary RAUM · $105M to $95.0M
    Jul 2, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $899M to $1.2B
    Jul 2, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · $861M to $1.2B
    Jul 2, 2024 to Mar 31, 2025
  • RAUM · $1.0B to $1.3B
    Jul 2, 2024 to Mar 31, 2025
  • Business name · CONWAY INVESTMENT RESEARCH, LLC to CONWAY INVESTMENT SOLUTIONS
    Mar 28, 2024 to Jun 27, 2024
  • Accounts · 7 to 9
    Mar 30, 2023 to Mar 28, 2024
  • Advisory employees · 14 to 13
    Mar 30, 2023 to Mar 28, 2024
  • Corporate clients · 0.0 to unset
    Mar 30, 2023 to Mar 28, 2024
  • HNW clients · 0.0 to unset
    Mar 30, 2023 to Mar 28, 2024
  • Individual clients · 0.0 to unset
    Mar 30, 2023 to Mar 28, 2024
  • Pension plan clients · 0.0 to unset
    Mar 30, 2023 to Mar 28, 2024
  • Pooled vehicle clients · 4 to 6
    Mar 30, 2023 to Mar 28, 2024
  • Assets in custody · $737M to $861M
    Mar 30, 2023 to Mar 28, 2024
  • Employees · 20 to 19
    Mar 30, 2023 to Mar 28, 2024
  • Private funds · 4 to 6
    Mar 30, 2023 to Mar 28, 2024
  • Discretionary RAUM · $110M to $105M
    Mar 30, 2023 to Mar 28, 2024
  • Non-discretionary RAUM · $769M to $899M
    Mar 30, 2023 to Mar 28, 2024
  • Pooled vehicle RAUM · $737M to $861M
    Mar 30, 2023 to Mar 28, 2024
  • RAUM · $879M to $1.0B
    Mar 30, 2023 to Mar 28, 2024
  • Advisory employees · 13 to 14
    Mar 31, 2022 to Mar 30, 2023
  • BD registered reps · 0 to 3
    Mar 31, 2022 to Mar 30, 2023
  • Assets in custody · $653M to $737M
    Mar 31, 2022 to Mar 30, 2023
  • Employees · 18 to 20
    Mar 31, 2022 to Mar 30, 2023
  • Discretionary RAUM · $129M to $110M
    Mar 31, 2022 to Mar 30, 2023
  • Non-discretionary RAUM · $693M to $769M
    Mar 31, 2022 to Mar 30, 2023
  • Pooled vehicle RAUM · $653M to $737M
    Mar 31, 2022 to Mar 30, 2023
Signals
4 dated events
  • Conway Investment Solutions reported RAUM $1.7B, up 29% from $1.3B (2025-03-31 to 2026-03-30)
    Mar 30, 2026 · RAUM change · derived
  • Conway Investment Solutions reported RAUM $1.3B, up 29% from $1.0B (2024-07-02 to 2025-03-31)
    Mar 31, 2025 · RAUM change · derived
  • Conway Investment Research, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Sep 14, 2017 · Succession (Item 4) · fact
  • Conway Investment Research, Llc filed its initial SEC registration (Form ADV)
    Mar 29, 2017 · 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/conway-investment-solutionsreportedpublic record, Form ADV, Sep 17, 2026
Website
conwayis.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
314-721-9696reportedpublic 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
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