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•••••• F••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Feb 16, 2012 · 26 filings
SEC status approved since Mar 30, 2012
RAUM
$14B
reported, Item 5.F
Discretionary
92%
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
69
54 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
40
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$14B as of Mar 31, 2026
Mar 28, 2013$1.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20130 then
Employees (5.A)69 as of Mar 31, 2026
Mar 28, 201330 then
Private funds40 as of Mar 31, 2026
Mar 28, 20134 then
RAUM +5.0% over the last fiscal year+7.0% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
- $342MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 92%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.0%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $14B, 41 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
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$14B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 41reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $14B for 41 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=3.0derived
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
47 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| R•••••• R••• E••••• F••• I••• L••• | Real Estate Fund | $2.2B | 105 | Mar 29, 2019 |
| R•• C••••• A••••••••• L•• | Real Estate Fund | $1.9B | 2 | Mar 29, 2018 |
| R•• C••••• H•••••• C••••••• L•• | Real Estate Fund | $1.5B | 1 | Mar 28, 2014 |
| R•• C••••• N••• L•• | Real Estate Fund | $1.2B | 2 | Mar 30, 2020 |
| R•••••• R••• E••••• F••• I• L••• | Real Estate Fund | $549M | 70 | Mar 31, 2015 |
| R•• C••••• P• F••• I• L•• | Real Estate Fund | $482M | 1 | Mar 30, 2020 |
| R•••••• R••• E••••• F••• I• L••• | Real Estate Fund | $420M | 7 | Mar 29, 2024 |
| R•••••• R••• E••••• D••• F•••• L••• | Real Estate Fund | $404M | 6 | Mar 31, 2021 |
| C••• R• S••••••••• I• L•• | Real Estate Fund | $395M | 3 | Mar 31, 2022 |
| R•••••• R••• E••••• D••• F••• •••••••• L• | Real Estate Fund | $270M | 10 | Mar 31, 2022 |
| R••••• M••••••••• C•••• 2• L•• | Real Estate Fund | $260M | 2 | Mar 31, 2022 |
| R•••••• O••••••••• Z••• F••• I•• L• | Real Estate Fund | $252M | 191 | Mar 31, 2021 |
| R•• A••••••••• H•••••• F••• L• | Real Estate Fund | $246M | 9 | Mar 31, 2022 |
| R•••••• O••••••••• Z••• F•••• L• | Real Estate Fund | $238M | 98 | Mar 30, 2020 |
| R•••••• R••• E••••• D••• F••• ••••••• I•• L• | Real Estate Fund | $234M | 8 | Mar 29, 2024 |
| R•••••• P• 2• L•• | Real Estate Fund | $222M | 2 | Mar 30, 2020 |
| R•• L••• C••••• S•• L•• | Real Estate Fund | $201M | 2 | Mar 29, 2024 |
| K•• R•• O• L••••• L•• | Real Estate Fund | $189M | 2 | Mar 31, 2017 |
| R•• P••• L•• | Real Estate Fund | $151M | 1 | Mar 31, 2021 |
| R•••••• U•• O••••••••• F•••• L• | Real Estate Fund | $138M | 5 | Feb 16, 2012 |
| R•••••• R••• E••••• D••• F••• I•• L• | Real Estate Fund | $134M | 5 | Mar 29, 2024 |
| R••••• M••••••••• C•••• L•• | Real Estate Fund | $108M | 2 | Mar 30, 2020 |
| R••• D••• F••• I• C••••••••• F•••• L• | Real Estate Fund | $101M | 1 | Mar 29, 2024 |
| R•••••••• S•••• L•• | Real Estate Fund | $90.0M | 6 | Mar 28, 2014 |
| U••••••• R•••• L•• | Real Estate Fund | $81.5M | 2 | Mar 28, 2014 |
| R•••••• R••• E••••• R••••••• F•••• L••• | Real Estate Fund | $71.8M | 61 | Feb 16, 2012 |
| R••••••• C••••• S••••• L• | Real Estate Fund | $63.1M | 1 | Mar 31, 2022 |
| R•••••• O••••••••• Z••• F••• I••• L• | Real Estate Fund | $54.8M | 84 | Mar 31, 2023 |
| R•• C••• L• | Real Estate Fund | $52.6M | 1 | Mar 31, 2021 |
| K•• L••no longer reported | Real Estate Fund | $43.1M | 2 | Mar 29, 2018 |
| R•• F•••••• K•• H•••••••• L••no longer reported | Real Estate Fund | $38.8M | 4 | Mar 28, 2013 |
| R•••••• H••••••• A•• M••• L•••••• L••no longer reported | Real Estate Fund | $37.2M | 2 | Mar 29, 2019 |
| R•••••• M•• L•• | Real Estate Fund | $32.8M | 2 | Mar 28, 2014 |
| R•••••• H••••••• A•• S••••• P••• L••no longer reported | Real Estate Fund | $31.9M | 2 | Mar 29, 2019 |
| R•••••• E••••• F•••••• R••• E••••• F••• L• | Real Estate Fund | $29.2M | 11 | Mar 31, 2015 |
| R•••••• M••••••••• F•••• L••no longer reported | Real Estate Fund | $26.8M | 110 | Feb 16, 2012 |
| R•• F•••••• K•• U•• L••no longer reported | Real Estate Fund | $26.0M | 1 | Mar 31, 2017 |
| K•••• L•• | Real Estate Fund | $19.5M | 1 | Mar 30, 2020 |
| S•• 1• H• L•••••• L••no longer reported | Real Estate Fund | $13.0M | 1 | Mar 31, 2016 |
| R•• K• 2••• L• | Real Estate Fund | $12.9M | 2 | Mar 29, 2018 |
Owners and control persons
Schedule A and B, latest filing
- B•••• J•••• T• · Executive Vice Presidentcontrolsince 01/2011 · owns less than 5%
- K••••• J••••• L• · Chief Financial Officercontrolsince 08/2014 · owns less than 5%
- M•••• J•••••• E•••••• · Presidentcontrolsince 01/2013 · owns less than 5%
- O••••••• R••••••• L• · Executive Vice Presidentcontrolsince 01/2011 · owns less than 5%
- Z••••••••• S••••••• N•• · Chief Compliance Officercontrolsince 05/2016 · owns less than 5%
- M•••• J•••••• E•••••• · Membercontrolsince 01/2010 · owns 75% or more of S•••• H••••••• L••
Entity owners
- R•• H••••• L•• · Managing Memberdirect · owns 75% or more
- S•••• H••••••• L•• · Memberindirect · owns 25% to 50% of R•• H••••• L••
- A•••••• S•••• R••••••••• S••••• · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- R•• I• G•• L••pooled vehicle sponsory
- R••• I• G•• L••pooled vehicle sponsory
- R••• I• G•• L•••pooled vehicle sponsory
- R•••••• E••••• F•••••• F••••• G•• L••pooled vehicle sponsory
- R•••••• E••••• F•••••• R••• E••••• F••• G• L••pooled vehicle sponsory
- R•••••• R••• E••••• F••• I• ••••••• G•• L•••pooled vehicle sponsory
- R•••••• R••• E••••• F••• I• G•• L•••pooled vehicle sponsory
- R•••••• R••• E••••• F••• I•• •••••• F•••••• G•• L••pooled vehicle sponsory
- R•••••• R••• E••••• F••• I•• G•• L•••pooled vehicle sponsory
- R•••••• R••• E••••• F••• I• •••••• F•••••• G•• L••pooled vehicle sponsory
- R•••••• R••• E••••• O••••••••• Z••• P••••••• G• I•• L•pooled vehicle sponsory
- R•••••• R••• E••••• O••••••••• Z••• P••••••• G• I•• • L•pooled vehicle sponsory
- R•••••• R••• E••••• O••••••••• Z••• P••••••• G•• L•pooled vehicle sponsory
- R•••••• R••• E••••• R••••••• F••• G• ••••••• L••••••pooled vehicle sponsory
- R•••••• R••• E••••• R••••••• F••• G•• L•pooled vehicle sponsory
- R•••••• U•• O••••••••• F••• G•• L••pooled vehicle sponsory
- R•• A••••••••• H•••••• F••• G•• L•••pooled vehicle sponsory
- R•• C••••• S••••• R••• G• L••pooled vehicle sponsory
- R•• C•• G•• L••pooled vehicle sponsory
- R•• K• 2••• G•• L••pooled vehicle sponsory
- R•• L••• S•• I••••••••• M•••••• L••pooled vehicle sponsory
- R••• G•• L••pooled vehicle sponsory
- S••• C•••••• L••broker-dealery
- T•• R•••••• C••••••••• L•••investment companyn
Offices
Schedule D 1.F, the 25 largest
- Boca Raton, FL3 employees
- Los Angeles, CA3 employees
- Dallas, TX2 employees
What changed
consecutive filings, newest first
- Accounts · 43 to 41Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 52 to 54Mar 31, 2025 to Mar 31, 2026
- Advisory activities · 3 to 2Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle clients · 42 to 40Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $13B to $14BMar 31, 2025 to Mar 31, 2026
- Employees · 64 to 69Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $12B to $13BMar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $1.1B to $1.2BMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $13B to $14BMar 31, 2025 to Mar 31, 2026
- RAUM · $13B to $14BMar 31, 2025 to Mar 31, 2026
- Accounts · 38 to 43May 6, 2024 to Mar 31, 2025
- Advisory employees · 46 to 52May 6, 2024 to Mar 31, 2025
- Pooled vehicle clients · 36 to 42May 6, 2024 to Mar 31, 2025
- Assets in custody · $1.3B to $13BMay 6, 2024 to Mar 31, 2025
- Employees · 55 to 64May 6, 2024 to Mar 31, 2025
- Financial planning clients · unset to May 6, 2024 to Mar 31, 2025
- Private funds · 34 to 40May 6, 2024 to Mar 31, 2025
- Discretionary RAUM · $12B to $12BMay 6, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $893M to $1.1BMay 6, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $13B to $13BMay 6, 2024 to Mar 31, 2025
- RAUM · $13B to $13BMay 6, 2024 to Mar 31, 2025
- Accounts · 35 to 38Sep 14, 2023 to Mar 29, 2024
- Advisory employees · 47 to 46Sep 14, 2023 to Mar 29, 2024
- Pooled vehicle clients · 33 to 36Sep 14, 2023 to Mar 29, 2024
- Assets in custody · $11B to $1.3BSep 14, 2023 to Mar 29, 2024
- Employees · 57 to 55Sep 14, 2023 to Mar 29, 2024
- Other offices · 2 to 3Sep 14, 2023 to Mar 29, 2024
- Private funds · 31 to 34Sep 14, 2023 to Mar 29, 2024
- Discretionary RAUM · $11B to $12BSep 14, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $464M to $893MSep 14, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $11B to $13BSep 14, 2023 to Mar 29, 2024
- RAUM · $11B to $13BSep 14, 2023 to Mar 29, 2024
- Advisory employees · 36 to 47Apr 4, 2022 to Mar 31, 2023
- BD registered reps · 2 to 3Apr 4, 2022 to Mar 31, 2023
- Assets in custody · $12B to $11BApr 4, 2022 to Mar 31, 2023
- Employees · 46 to 57Apr 4, 2022 to Mar 31, 2023
- Private funds · 33 to 31Apr 4, 2022 to Mar 31, 2023
- Discretionary RAUM · $10B to $11BApr 4, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $1.9B to $464MApr 4, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $12B to $11BApr 4, 2022 to Mar 31, 2023
Signals
8 dated events
- A. Bruce Beal (Executive Vice President) no longer on Schedule A of R•••••• F••• M••••••••• L•• (listed 2020-03-31, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- R•••••• F••• M••••••••• L•• reported RAUM $9.7B, up 38% from $7.0B (2020-03-31 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- D•••• Z•••••• (Executive Vice President) no longer on Schedule A of R•••••• F••• M••••••••• L•• (listed 2020-03-31, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- R•••••• F••• M••••••••• L•• reported RAUM $7.0B, up 36% from $5.2B (2020-01-27 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- D•••• Z•••••• (Executive Vice President) appeared on Schedule A of R•••••• F••• M••••••••• L••Jan 27, 2020 · Control person joined · fact
- Michael Stephen Ross (Member) no longer on Schedule A of R•••••• F••• M••••••••• L•• (listed 2019-10-16, absent 2020-01-27)Jan 27, 2020 · Control person left · inference
- J. Michael Brenner (Executive Vice President) no longer on Schedule A of R•••••• F••• M••••••••• L•• (listed 2018-11-27, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
- R•••••• F••• M••••••••• L•• reported RAUM $4.7B, up 35% from $3.5B (2017-08-17 to 2018-03-29)Mar 29, 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.
How to reach
public business contact points only, each with its source
- Principal office phone
- 212-801-1000reportedpublic 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
- 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
Across the graphs
R•••••• F••• M••••••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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