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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Former SEC-registered adviser

B•••••••• I••••••••• P••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 156010SEC 801-112912IAPD
Latest filing Aug 16, 2022
First filing on the tape Mar 22, 2018 · 9 filings
RAUM
$173M
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
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
$173M gross assets
History
9 filings and snapshots on the tape
RAUM$173M as of Mar 30, 2022
Mar 28, 2019$150M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2022
Mar 28, 20190 then
Employees (5.A)5 as of Mar 30, 2022
Mar 28, 20198 then
Private funds4 as of Mar 30, 2022
Mar 28, 20193 then
RAUM +41% over the last fiscal year+4.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 16, 2022; 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
$43.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+41%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
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • 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$173M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, 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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      8 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • L••••••••• K•••• G•••••• · Membercontrol
        since 07/2011 · owns 50% to 75%
      • M••••• J••••••• F• · Membercontrol
        since 07/2011 · owns 50% to 75%
      • S•••••••• R••••••• L• · Chief Compliance Officer
        since 09/2020 · owns less than 5%
      Related persons
      Schedule D 7.A
      • B•••••••• P••••••• G• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 3 to 2
        Mar 30, 2022 to Aug 16, 2022
      • Employees · 5 to 4
        Mar 30, 2022 to Aug 16, 2022
      • Discretionary RAUM · $123M to $173M
        Mar 25, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $123M to $173M
        Mar 25, 2021 to Mar 30, 2022
      • RAUM · $123M to $173M
        Mar 25, 2021 to Mar 30, 2022
      • Related bank · true to false
        Mar 25, 2021 to Mar 30, 2022
      • Accounts · 5 to 4
        Oct 19, 2020 to Mar 25, 2021
      • Pooled vehicle clients · 5 to 4
        Oct 19, 2020 to Mar 25, 2021
      • Private funds · 5 to 4
        Oct 19, 2020 to Mar 25, 2021
      • Discretionary RAUM · $139M to $123M
        Oct 19, 2020 to Mar 25, 2021
      • Pooled vehicle RAUM · $139M to $123M
        Oct 19, 2020 to Mar 25, 2021
      • RAUM · $139M to $123M
        Oct 19, 2020 to Mar 25, 2021
      • Related bank · false to true
        Oct 19, 2020 to Mar 25, 2021
      • Advisory employees · 4 to 3
        Mar 23, 2020 to Oct 19, 2020
      • Discretionary RAUM · $133M to $139M
        Sep 16, 2019 to Mar 23, 2020
      • Pooled vehicle RAUM · $133M to $139M
        Sep 16, 2019 to Mar 23, 2020
      • RAUM · $133M to $139M
        Sep 16, 2019 to Mar 23, 2020
      • Accounts · 3 to 5
        Mar 28, 2019 to Sep 16, 2019
      • Advisory employees · 7 to 4
        Mar 28, 2019 to Sep 16, 2019
      • Pooled vehicle clients · 3 to 5
        Mar 28, 2019 to Sep 16, 2019
      • Employees · 8 to 5
        Mar 28, 2019 to Sep 16, 2019
      • Other offices · 1 to 0
        Mar 28, 2019 to Sep 16, 2019
      • Private funds · 3 to 5
        Mar 28, 2019 to Sep 16, 2019
      • Discretionary RAUM · $150M to $133M
        Mar 28, 2019 to Sep 16, 2019
      • Pooled vehicle RAUM · $150M to $133M
        Mar 28, 2019 to Sep 16, 2019
      • RAUM · $150M to $133M
        Mar 28, 2019 to Sep 16, 2019
      • Advisory employees · 6 to 7
        Mar 22, 2018 to Mar 28, 2019
      • Employees · 7 to 8
        Mar 22, 2018 to Mar 28, 2019
      • Private funds · 6 to 3
        Mar 22, 2018 to Mar 28, 2019
      • Discretionary RAUM · $166M to $150M
        Mar 22, 2018 to Mar 28, 2019
      • Pooled vehicle RAUM · $166M to $150M
        Mar 22, 2018 to Mar 28, 2019
      • RAUM · $166M to $150M
        Mar 22, 2018 to Mar 28, 2019
      Signals
      4 dated events
      • L Richard Sadowsky (Chief Compliance Officer) appeared on Schedule A of B•••••••• I••••••••• P••••••• L••
        Oct 19, 2020 · Control person joined · fact
      • Anthony Jonathan Marcus (Member, Class A, Chief Compliance Officer) no longer on Schedule A of B•••••••• I••••••••• P••••••• L•• (listed 2019-03-28, absent 2019-09-16)
        Sep 16, 2019 · Control person left · inference
      • Scott Neil Subin (Member, Class A) no longer on Schedule A of B•••••••• I••••••••• P••••••• L•• (listed 2019-03-28, absent 2019-09-16)
        Sep 16, 2019 · Control person left · inference
      • B•••••••• I••••••••• P••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 22, 2018 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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