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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SEC-registered adviser

R•••• O•• I••••••••• C••••••• L•••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 156398SEC 801-72235IAPD
Latest filing Mar 25, 2026
First filing on the tape Mar 21, 2012 · 20 filings
SEC status approved since Mar 29, 2011
RAUM
$4.7B
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
20
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$4.7B as of Mar 25, 2026
Mar 21, 2012$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 21, 20120 then
Employees (5.A)20 as of Mar 25, 2026
Mar 18, 201316 then
Private funds3 as of Mar 25, 2026
Mar 21, 20123 then
RAUM -6.1% over the last fiscal year-3.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2026; 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
$1.2BderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-6.1%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-based, otherreportedItem 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$4.7B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
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=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      R•••• O•• O••••••• M••••• F•••• L•••Hedge Fund$3.3B55Mar 21, 2012
      R•••• O•• F••• I• L•••Hedge Fund$2.0B109Mar 21, 2012
      R•••• O•• F••• I•• L•••Hedge Fund$64.7M60Mar 21, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••• W••••••• F•••••• · Limited Partnercontrol
        since 06/2010 · owns 50% to 75%
      • H••••• W•••• · Chief Financial Officercontrol
        since 12/2020 · owns less than 5%
      • K••••••••• Z•••• · Chief Operating Officer/ Chief Compliance Officercontrol
        since 07/2022 · owns less than 5%
      • M•••••• J••••• E•••• · Limited Partnercontrol
        since 06/2010 · owns 50% to 75%
      • P•••• A•••••• H••••••••• · Limited Partnercontrol
        since 06/2010 · owns less than 5%
      • V•••• R••••••• H••••••• · Limited Partnercontrol
        since 06/2010 · owns less than 5%
      • D••••••• W••••••• F•••••• · Manager, Membercontrol
        since 03/2010 · owns F of R•••• L••
      • M•••••• J••••• E•••• · Manager, Membercontrol
        since 03/2010 · owns F of R•••• L••
      • M•••••• J••••• E•••• · T••••••control
        since 04/2022 · owns F of J•••• E• M•••••• T•••••• O• T•• J•••• E• M••••• R•••••••• T••••
      • P•••• A•••••• H••••••••• · Managercontrol
        since 03/2010 · owns F of R•••• L••
      • V•••• R••••••• H••••••• · Managercontrol
        since 03/2010 · owns F of R•••• L••
      Entity owners
      • J•••• E• M•••••• T•••••• O• T•• J•••• E• M••••• R•••••••• T•••• · Limited Partner
        direct · owns less than 5%
      • R•••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • R•••• O•• I••••••••• C•••••• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $5.0B to $4.7B
        Jan 2, 2026 to Mar 25, 2026
      • Pooled vehicle RAUM · $5.0B to $4.7B
        Jan 2, 2026 to Mar 25, 2026
      • RAUM · $5.0B to $4.7B
        Jan 2, 2026 to Mar 25, 2026
      • Financial planning clients · unset to
        Nov 15, 2024 to Mar 24, 2025
      • Other offices · 0 to 1
        Nov 15, 2024 to Mar 24, 2025
      • Discretionary RAUM · $5.4B to $5.0B
        Nov 15, 2024 to Mar 24, 2025
      • Pooled vehicle RAUM · $5.4B to $5.0B
        Nov 15, 2024 to Mar 24, 2025
      • RAUM · $5.4B to $5.0B
        Nov 15, 2024 to Mar 24, 2025
      • Discretionary RAUM · $5.3B to $5.4B
        Mar 24, 2023 to Mar 26, 2024
      • Pooled vehicle RAUM · $5.3B to $5.4B
        Mar 24, 2023 to Mar 26, 2024
      • RAUM · $5.3B to $5.4B
        Mar 24, 2023 to Mar 26, 2024
      • Discretionary RAUM · $6.9B to $5.3B
        Jul 28, 2022 to Mar 24, 2023
      • Pooled vehicle RAUM · $6.9B to $5.3B
        Jul 28, 2022 to Mar 24, 2023
      • RAUM · $6.9B to $5.3B
        Jul 28, 2022 to Mar 24, 2023
      • Advisory employees · 7 to 8
        Mar 17, 2021 to Mar 21, 2022
      • Discretionary RAUM · $7.0B to $6.9B
        Mar 17, 2021 to Mar 21, 2022
      • Pooled vehicle RAUM · $7.0B to $6.9B
        Mar 17, 2021 to Mar 21, 2022
      • RAUM · $7.0B to $6.9B
        Mar 17, 2021 to Mar 21, 2022
      • Employees · 18 to 20
        Feb 26, 2020 to Mar 17, 2021
      • Discretionary RAUM · $7.0B to $7.0B
        Feb 26, 2020 to Mar 17, 2021
      • Pooled vehicle RAUM · $7.0B to $7.0B
        Feb 26, 2020 to Mar 17, 2021
      • RAUM · $7.0B to $7.0B
        Feb 26, 2020 to Mar 17, 2021
      • Other offices · 1 to 0
        Mar 1, 2019 to Feb 26, 2020
      • Discretionary RAUM · $5.2B to $7.0B
        Mar 1, 2019 to Feb 26, 2020
      • Pooled vehicle RAUM · $5.2B to $7.0B
        Mar 1, 2019 to Feb 26, 2020
      • RAUM · $5.2B to $7.0B
        Mar 1, 2019 to Feb 26, 2020
      • Employees · 21 to 18
        Mar 16, 2018 to Mar 1, 2019
      • Discretionary RAUM · $4.8B to $5.2B
        Mar 16, 2018 to Mar 1, 2019
      • Pooled vehicle RAUM · $4.8B to $5.2B
        Mar 16, 2018 to Mar 1, 2019
      • RAUM · $4.8B to $5.2B
        Mar 16, 2018 to Mar 1, 2019
      • Pooled vehicle clients · unset to 4.0
        Mar 1, 2017 to Mar 16, 2018
      • Employees · 20 to 21
        Mar 1, 2017 to Mar 16, 2018
      • Other offices · unset to 1.0
        Mar 1, 2017 to Mar 16, 2018
      • Discretionary RAUM · $4.2B to $4.8B
        Mar 1, 2017 to Mar 16, 2018
      • Pooled vehicle RAUM · unset to 4828165418.0
        Mar 1, 2017 to Mar 16, 2018
      • RAUM · $4.2B to $4.8B
        Mar 1, 2017 to Mar 16, 2018
      • Discretionary RAUM · $3.3B to $4.2B
        Mar 7, 2016 to Mar 1, 2017
      • RAUM · $3.3B to $4.2B
        Mar 7, 2016 to Mar 1, 2017
      • Advisory employees · 6 to 7
        Mar 2, 2015 to Mar 7, 2016
      • Employees · 15 to 20
        Mar 2, 2015 to Mar 7, 2016
      Signals
      6 dated events
      • H Saskia Mallach (Partner/ Executive) no longer on Schedule A of R•••• O•• I••••••••• C••••••• L••• (listed 2022-07-28, absent 2023-03-24)
        Mar 24, 2023 · Control person left · inference
      • Zaeed Kalsheker (Chief Operating Officer/ Chief Compliance Officer) appeared on Schedule A of R•••• O•• I••••••••• C••••••• L•••
        Jul 28, 2022 · Control person joined · fact
      • Sean Barron (Chief Financial Officer, Chief Compliance Officer) no longer on Schedule A of R•••• O•• I••••••••• C••••••• L••• (listed 2020-02-26, absent 2021-03-17)
        Mar 17, 2021 · Control person left · inference
      • H Saskia Mallach (Chief Operating Officer, Chief Compliance Officer) appeared on Schedule A of R•••• O•• I••••••••• C••••••• L•••
        Mar 17, 2021 · Control person joined · fact
      • Weiyi Huang (Chief Financial Officer) appeared on Schedule A of R•••• O•• I••••••••• C••••••• L•••
        Mar 17, 2021 · Control person joined · fact
      • R•••• O•• I••••••••• C••••••• L••• reported RAUM $7.0B, up 35% from $5.2B (2019-03-01 to 2020-02-26)
        Feb 26, 2020 · 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
      Principal office phone
      415-796-6800reportedpublic record, Form ADV, Mar 25, 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