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.

Former SEC-registered adviser

Berman Capital Advisors, LLC

Former SEC-registered adviserAtlanta, GeorgiaCRD 155419SEC 801-71925IAPD
Latest filing Jul 21, 2021
First filing on the tape Nov 18, 2011 · 28 filings
RAUM
$3.3B
reported, Item 5.F
Discretionary
26%
of RAUM
Private clients
94%
$3.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
30
13 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
5
$121M gross assets
History
28 filings and snapshots on the tape
RAUM$3.3B as of Mar 30, 2021
Mar 7, 2012$1.2B then
HNW client RAUM$3.1B as of Mar 30, 2021
Mar 30, 2018$2.1B then
State-registered IARs (5.B.3)15 as of Mar 30, 2021
Mar 7, 20120 then
Employees (5.A)30 as of Mar 30, 2021
Mar 26, 20139 then
Private funds5 as of Mar 30, 2021
Mar 30, 20181 then
RAUM +23% over the last fiscal year+16% a year over threeIARs 16 to 15
Practice profile
derived from the filing of Jul 21, 2021; every figure names its basis
RAUM per advisor
$223MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
16derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$13.6MderivedHNW RAUM over HNW clients
Average account
$2.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
26%derivedof RAUM
Institutional
2.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
5.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
-6.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+18%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, 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
  • 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)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$3.1B93%
  • Pooled investment vehicles$121M3.6%
  • State and municipal entities$95.4M2.9%
  • Individuals$3.8M0.1%
Individual clients
11reported
HNW clients
230reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1,169reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
absent from the latest SEC rosterderived
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Bca Private Markets, LLCOther Private Fund$00Mar 30, 2021
    Owners and control persons
    Schedule A and B, latest filing
    • Brodie Jill Asrael · Member, Principal, Chief Compliance Officer, Chief Financial Officercontrol
      since 10/2011 · owns 5% to 10%
    • Justin Berman · Principal, Managing Membercontrol
      since 10/2010 · owns 75% or more
    • Ann Kelly Downs · Chief Operating Officercontrol
      since 02/2011 · owns less than 5%
    • Lee David Fisher · Presidentcontrol
      since 12/2018 · owns less than 5%
    • Yuan Wen Nottebohm · Wealth Advisor
      since 08/2014 · owns less than 5%
    • Switzer Wendell Reilly · Member
      since 10/2011 · owns less than 5%
    Related persons
    Schedule D 7.A
    • Bca Hedged Strategies Fund, Gp, LLC
      pooled vehicle sponsory
    • Bca Noble Hospitality Access Gp LLC
      pooled vehicle sponsory
    Offices
    Schedule D 1.F, the 25 largest
    • Austin, TX1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 773 to 1,169
      Nov 11, 2020 to Mar 30, 2021
    • Advisory employees · 12 to 13
      Nov 11, 2020 to Mar 30, 2021
    • HNW clients · 197 to 230
      Nov 11, 2020 to Mar 30, 2021
    • Individual clients · 7 to 11
      Nov 11, 2020 to Mar 30, 2021
    • Pooled vehicle clients · 2 to 4
      Nov 11, 2020 to Mar 30, 2021
    • Assets in custody · $710M to $742M
      Nov 11, 2020 to Mar 30, 2021
    • Employees · 27 to 30
      Nov 11, 2020 to Mar 30, 2021
    • State-registered IARs · 16 to 15
      Nov 11, 2020 to Mar 30, 2021
    • Private funds · 2 to 5
      Nov 11, 2020 to Mar 30, 2021
    • Discretionary RAUM · $1.1B to $871M
      Nov 11, 2020 to Mar 30, 2021
    • HNW RAUM · $2.6B to $3.1B
      Nov 11, 2020 to Mar 30, 2021
    • Individual RAUM · $2.6M to $3.8M
      Nov 11, 2020 to Mar 30, 2021
    • Non-discretionary RAUM · $1.7B to $2.5B
      Nov 11, 2020 to Mar 30, 2021
    • Pooled vehicle RAUM · $27.7M to $121M
      Nov 11, 2020 to Mar 30, 2021
    • RAUM · $2.7B to $3.3B
      Nov 11, 2020 to Mar 30, 2021
    • Accounts · 668 to 773
      Dec 3, 2019 to Mar 30, 2020
    • Advisory employees · 11 to 12
      Dec 3, 2019 to Mar 30, 2020
    • Corporate clients · 1 to 0
      Dec 3, 2019 to Mar 30, 2020
    • HNW clients · 177 to 197
      Dec 3, 2019 to Mar 30, 2020
    • Individual clients · 8 to 7
      Dec 3, 2019 to Mar 30, 2020
    • Pooled vehicle clients · 1 to 2
      Dec 3, 2019 to Mar 30, 2020
    • Assets in custody · $545M to $710M
      Dec 3, 2019 to Mar 30, 2020
    • Employees · 24 to 27
      Dec 3, 2019 to Mar 30, 2020
    • State-registered IARs · 11 to 16
      Dec 3, 2019 to Mar 30, 2020
    • Other offices · 1 to 2
      Dec 3, 2019 to Mar 30, 2020
    • Discretionary RAUM · $867M to $1.1B
      Dec 3, 2019 to Mar 30, 2020
    • HNW RAUM · $2.2B to $2.6B
      Dec 3, 2019 to Mar 30, 2020
    • Individual RAUM · $2.8M to $2.6M
      Dec 3, 2019 to Mar 30, 2020
    • Non-discretionary RAUM · $1.4B to $1.7B
      Dec 3, 2019 to Mar 30, 2020
    • Pooled vehicle RAUM · $498,750 to $27.7M
      Dec 3, 2019 to Mar 30, 2020
    • RAUM · $2.3B to $2.7B
      Dec 3, 2019 to Mar 30, 2020
    • Private funds · 1 to 2
      Jul 9, 2019 to Dec 3, 2019
    • Accounts · 547 to 668
      Mar 30, 2018 to Mar 22, 2019
    • Advisory employees · 9 to 11
      Mar 30, 2018 to Mar 22, 2019
    • Corporate clients · 0 to 1
      Mar 30, 2018 to Mar 22, 2019
    • HNW clients · 169 to 177
      Mar 30, 2018 to Mar 22, 2019
    • Individual clients · 13 to 8
      Mar 30, 2018 to Mar 22, 2019
    • Pooled vehicle clients · 0 to 1
      Mar 30, 2018 to Mar 22, 2019
    • Assets in custody · $473M to $545M
      Mar 30, 2018 to Mar 22, 2019
    • Employees · 20 to 24
      Mar 30, 2018 to Mar 22, 2019
    Signals
    2 dated events
    • Lee David Fisher (President) appeared on Schedule A of Berman Capital Advisors, Llc
      Mar 22, 2019 · Control person joined · fact
    • Berman Capital Advisors, Llc reported RAUM $2.2B, up 87% from $1.2B (2017-10-16 to 2018-03-30)
      Mar 30, 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.
    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
    Former SEC-registered 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