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

A•••••• C•••••• M••••••••• L••

Independent wealth managerCRD 156500SEC 801-72176websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Dec 9, 2011 · 38 filings
SEC status approved since Feb 28, 2011
RAUM
$303M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
66%
$199M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$303M
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$303M as of Mar 31, 2026
Jan 19, 2012$104M then
HNW client RAUM$193M as of Mar 31, 2026
Mar 30, 2018$94.1M then
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 1, 20132 then
Employees (5.A)4 as of Mar 31, 2026
Mar 1, 20133 then
Private funds2 as of Mar 31, 2026
Mar 4, 20142 then
RAUM +54% over the last fiscal year+14% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$303MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
40derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.4MderivedHNW RAUM over HNW clients
Average account
$2.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+54%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.6%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$85.3M, 50 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$193M64%
  • Pooled investment vehicles$85.3M28%
  • Charitable organizations$18.1M6.0%
  • Individuals$6.2M2.1%
  • Other investment advisers$80.0%
Individual clients
10reported
HNW clients
30reported
Pension plan clients
n/areported
Charitable clients
2reported
Accounts
117reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$85.3M for 50 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.66 fund_share=0.28 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T••• H••Rancho Santa Fe, Ca Mar 13, 202529 y3
Advisor movement
0 left, 0 joined in 12 months
Private funds
5 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
A•••••• F•••••• F•••• L•Venture Capital Fund$41.4M32May 6, 2019
A•••••• G••••• E••••• F•••• L•no longer reportedHedge Fund$11.2M17Mar 4, 2014
A•••••• B•••••• F•••• L•no longer reportedVenture Capital Fund$7.6M36Mar 4, 2014
A•••••• M•••••• F•••• L•Venture Capital Fund$5.4M36Mar 30, 2018
A•••••• B•••••• F••• I•• L•Venture Capital Fund$017Jan 26, 2017
Owners and control persons
Schedule A and B, latest filing
  • H••• T••• · Managing Member / Chief Compliance Officercontrol
    since 03/2011 · owns 75% or more
  • H••• J•••••••• L••• · Member
    since 03/2011 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • RAUM up 50 %Change between filings · filing Mar 31, 2026
    RAUM (Item 5.F) moved from $196,055,931 to $302,636,121 (+54.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +15.0% (4550 comparable advisers, 96.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,550) · 96% percentile
What changed
consecutive filings, newest first
  • Accounts · 111 to 117
    Mar 28, 2025 to Mar 31, 2026
  • HNW clients · 29 to 30
    Mar 28, 2025 to Mar 31, 2026
  • Assets in custody · $70.9M to $85.3M
    Mar 28, 2025 to Mar 31, 2026
  • Discretionary RAUM · $196M to $303M
    Mar 28, 2025 to Mar 31, 2026
  • HNW RAUM · $110M to $193M
    Mar 28, 2025 to Mar 31, 2026
  • Individual RAUM · $3.5M to $6.2M
    Mar 28, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $70.9M to $85.3M
    Mar 28, 2025 to Mar 31, 2026
  • RAUM · $196M to $303M
    Mar 28, 2025 to Mar 31, 2026
  • Accounts · 112 to 111
    Mar 31, 2024 to Mar 28, 2025
  • HNW clients · 28 to 29
    Mar 31, 2024 to Mar 28, 2025
  • Individual clients · 11 to 10
    Mar 31, 2024 to Mar 28, 2025
  • Assets in custody · $46.8M to $70.9M
    Mar 31, 2024 to Mar 28, 2025
  • Financial planning clients · 0 to 0
    Mar 31, 2024 to Mar 28, 2025
  • HQ city · unset to
    Mar 31, 2024 to Mar 28, 2025
  • HQ state · unset to
    Mar 31, 2024 to Mar 28, 2025
  • Discretionary RAUM · $168M to $196M
    Mar 31, 2024 to Mar 28, 2025
  • HNW RAUM · $98.2M to $110M
    Mar 31, 2024 to Mar 28, 2025
  • Individual RAUM · $3.0M to $3.5M
    Mar 31, 2024 to Mar 28, 2025
  • Pooled vehicle RAUM · $46.8M to $70.9M
    Mar 31, 2024 to Mar 28, 2025
  • RAUM · $168M to $196M
    Mar 31, 2024 to Mar 28, 2025
  • Accounts · 122 to 112
    Dec 7, 2023 to Mar 31, 2024
  • Individual clients · 10 to 11
    Dec 7, 2023 to Mar 31, 2024
  • Pooled vehicle clients · 3 to 2
    Dec 7, 2023 to Mar 31, 2024
  • Assets in custody · $58.9M to $46.8M
    Dec 7, 2023 to Mar 31, 2024
  • Other offices · 1 to 0
    Dec 7, 2023 to Mar 31, 2024
  • Private funds · 3 to 2
    Dec 7, 2023 to Mar 31, 2024
  • Discretionary RAUM · $202M to $168M
    Dec 7, 2023 to Mar 31, 2024
  • HNW RAUM · $112M to $98.2M
    Dec 7, 2023 to Mar 31, 2024
  • Individual RAUM · $3.0M to $3.0M
    Dec 7, 2023 to Mar 31, 2024
  • Pooled vehicle RAUM · $58.9M to $46.8M
    Dec 7, 2023 to Mar 31, 2024
  • RAUM · $202M to $168M
    Dec 7, 2023 to Mar 31, 2024
  • HQ city · SAN DIEGO to unset
    May 1, 2023 to Dec 7, 2023
  • HQ state · CA to unset
    May 1, 2023 to Dec 7, 2023
  • Accounts · 132 to 122
    Mar 31, 2022 to Mar 31, 2023
  • HNW clients · 29 to 28
    Mar 31, 2022 to Mar 31, 2023
  • Assets in custody · $228M to $58.9M
    Mar 31, 2022 to Mar 31, 2023
  • Financial planning clients · 1-10 to 0
    Mar 31, 2022 to Mar 31, 2023
  • Discretionary RAUM · $228M to $202M
    Mar 31, 2022 to Mar 31, 2023
  • HNW RAUM · $125M to $112M
    Mar 31, 2022 to Mar 31, 2023
  • Individual RAUM · $2.2M to $3.0M
    Mar 31, 2022 to Mar 31, 2023
Signals
1 dated events
  • A•••••• C•••••• M••••••••• L•• reported RAUM $302.6M, up 54% from $196.1M (2025-03-28 to 2026-03-31)
    Mar 31, 2026 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business email
info@aletheallc.comreportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
linkedin.com/company/alethea-capital-management-llcreportedpublic record, Form ADV, Sep 18, 2026
Website
aletheallc.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(858) 926-2058reportedpublic record, Form ADV, Mar 31, 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$303Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026