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

Acuitas Investments, LLC

Institutional managerSeattle, WashingtonCRD 155782SEC 801-79447websiteIAPD
Latest filing Apr 16, 2026
First filing on the tape Mar 20, 2014 · 24 filings
SEC status approved since Apr 1, 2014
RAUM
$1.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$741M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.5B as of Apr 16, 2026
Mar 18, 2015$340M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 16, 2026
Mar 18, 20152 then
Employees (5.A)7 as of Apr 16, 2026
Mar 18, 20156 then
Private funds2 as of Apr 16, 2026
Mar 18, 20152 then
RAUM +15% over the last fiscal year+22% a year over threeIARs 3 to 0
Practice profile
derived from the filing of Apr 16, 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
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
RAUM per advisor
$741MderivedRAUM 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
$212MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
93%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
-100%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 vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Custody
$4.8M, 2 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$1.4B93%
  • Investment companies$103M7.0%
  • Pooled investment vehicles$4.8M0.3%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$4.8M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.07 institutional_share=0.93 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Dennis Wesley JensenChartered Financial AnalystSeattle, WaApr 20, 201115 y0
Christopher David TessinChartered Financial AnalystSeattle, WaApr 20, 201115 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Acuitas Emerging Markets Small Cap Fund, LPOther Private Fund$4.1M7Mar 20, 2014
      Acuitas Long/Short Fund, LPHedge Fund$1.4M6Jan 18, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • Wesley Dennis Jensen · Managercontrol
        since 11/2010 · owns 25% to 50%
      • David Christopher Tessin · Manager And Membercontrol
        since 01/2011 · owns 50% to 75%
      • Marie Lisa Thenell · Chief Compliance Officer/Chief Operating Officercontrol
        since 01/2019 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Seattle, Wa · principal200
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 10 to 7
        Jan 21, 2026 to Feb 20, 2026
      • Assets in custody · $5.5M to $4.8M
        Jan 21, 2026 to Feb 20, 2026
      • State-registered IARs · 3 to 0
        Jan 21, 2026 to Feb 20, 2026
      • Discretionary RAUM · $1.3B to $1.5B
        Jan 21, 2026 to Feb 20, 2026
      • Pension RAUM · 47474219.0 to unset
        Jan 21, 2026 to Feb 20, 2026
      • Pooled vehicle RAUM · $5.0M to $4.8M
        Jan 21, 2026 to Feb 20, 2026
      • RAUM · $1.3B to $1.5B
        Jan 21, 2026 to Feb 20, 2026
      • Accounts · 9 to 10
        Oct 9, 2024 to Mar 6, 2025
      • Financial planning clients · unset to
        Oct 9, 2024 to Mar 6, 2025
      • Discretionary RAUM · $902M to $1.3B
        Oct 9, 2024 to Mar 6, 2025
      • Pension RAUM · $57.1M to $47.5M
        Oct 9, 2024 to Mar 6, 2025
      • Pooled vehicle RAUM · $5.5M to $5.0M
        Oct 9, 2024 to Mar 6, 2025
      • RAUM · $902M to $1.3B
        Oct 9, 2024 to Mar 6, 2025
      • BD registered reps · 4 to 3
        Aug 3, 2023 to Mar 4, 2024
      • Assets in custody · $4.9M to $5.5M
        Aug 3, 2023 to Mar 4, 2024
      • Employees · 8 to 7
        Aug 3, 2023 to Mar 4, 2024
      • State-registered IARs · 2 to 3
        Aug 3, 2023 to Mar 4, 2024
      • Discretionary RAUM · $818M to $902M
        Aug 3, 2023 to Mar 4, 2024
      • Pension RAUM · $60.3M to $57.1M
        Aug 3, 2023 to Mar 4, 2024
      • Pooled vehicle RAUM · $4.9M to $5.5M
        Aug 3, 2023 to Mar 4, 2024
      • RAUM · $818M to $902M
        Aug 3, 2023 to Mar 4, 2024
      • Accounts · 8 to 9
        Mar 13, 2023 to Mar 16, 2023
      • Discretionary RAUM · $818M to $818M
        Mar 13, 2023 to Mar 16, 2023
      • RAUM · $818M to $818M
        Mar 13, 2023 to Mar 16, 2023
      • Advisory employees · 5 to 4
        Mar 6, 2022 to Mar 13, 2023
      • Assets in custody · $6.1M to $4.9M
        Mar 6, 2022 to Mar 13, 2023
      • Employees · 9 to 8
        Mar 6, 2022 to Mar 13, 2023
      • Discretionary RAUM · $1.0B to $818M
        Mar 6, 2022 to Mar 13, 2023
      • Pension RAUM · $80.4M to $60.3M
        Mar 6, 2022 to Mar 13, 2023
      • Pooled vehicle RAUM · $6.1M to $4.9M
        Mar 6, 2022 to Mar 13, 2023
      • RAUM · $1.0B to $818M
        Mar 6, 2022 to Mar 13, 2023
      • Accounts · 9 to 8
        Mar 5, 2021 to Mar 6, 2022
      • Assets in custody · $5.8M to $6.1M
        Mar 5, 2021 to Mar 6, 2022
      • Employees · 8 to 9
        Mar 5, 2021 to Mar 6, 2022
      • Discretionary RAUM · $787M to $1.0B
        Mar 5, 2021 to Mar 6, 2022
      • Pension RAUM · $79.6M to $80.4M
        Mar 5, 2021 to Mar 6, 2022
      • Pooled vehicle RAUM · $5.8M to $6.1M
        Mar 5, 2021 to Mar 6, 2022
      • RAUM · $787M to $1.0B
        Mar 5, 2021 to Mar 6, 2022
      • Accounts · 10 to 9
        Mar 2, 2020 to Mar 5, 2021
      • Assets in custody · $5.1M to $5.8M
        Mar 2, 2020 to Mar 5, 2021
      Signals
      4 dated events
      • Acuitas Investments, Llc reported RAUM $1.3B, up 43% from $902.2M (2024-10-09 to 2025-03-06)
        Mar 6, 2025 · RAUM change · derived
      • Acuitas Investments, Llc reported RAUM $1.0B, up 32% from $787.4M (2021-03-05 to 2022-03-06)
        Mar 6, 2022 · RAUM change · derived
      • Kampe Rebecca Tessin (Director Of Finance) no longer on Schedule A of Acuitas Investments, Llc (listed 2021-03-05, absent 2022-03-06)
        Mar 6, 2022 · Control person left · inference
      • Acuitas Investments, Llc filed its initial SEC registration (Form ADV)
        Mar 20, 2014 · 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/ACUITAS-INVESTMENTSreportedpublic record, Form ADV, Sep 17, 2026
      Website
      ACUITASFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      206-299-2070reportedpublic record, Form ADV, Apr 16, 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
      $741Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026