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

D••••• C•••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 156605SEC 801-73614websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 37 filings
SEC status approved since Mar 16, 2012
RAUM
$5.3B
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
$2.6B
derived; firm RAUM over IAPD count
Employees
29
25 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
9
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$5.3B as of Mar 31, 2026
Mar 28, 2013$6.3B 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)29 as of Mar 31, 2026
Mar 28, 201358 then
Private funds9 as of Mar 31, 2026
Mar 28, 20137 then
RAUM -8.0% over the last fiscal year-6.1% 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
$2.6BderivedRAUM 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
$439MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
38%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
14.5derivedItem 5.A over advisors
Advisors per office
0.4derived5 offices incl. principal (1.F.5)
RAUM growth, one year
-8.0%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
$5.3B, 12 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)
  • 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.2B62%
  • Insurance companies$2.0B38%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$5.3B for 12 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.62 institutional_share=0.38 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R••• Q•••• S••••••Houston, TxMay 19, 201522 y0
C••• J••• T••••••Houston, TxMay 19, 201546 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
Private funds
14 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
D••••• C•••••••• P••••••• F••• V• L•Hedge Fund$1.7B257Feb 14, 2012
D••••• M••••• F••• L•Hedge Fund$849M31Mar 31, 2017
D••••• C•••••••• P••••••• F••• V• L•Hedge Fund$562M175Feb 14, 2012
R•• E••••• I••••••••• H••••••• L••Other Private Fund$266M12Jan 26, 2016
D••••• I••••••••• P•••• S•••Hedge Fund$263M24Feb 26, 2018
D••••• I• C••••••••• F••• L•Hedge Fund$143M70Feb 13, 2019
D••••• C•••••••• P••••••• F••• V••• L•Hedge Fund$135M35Feb 14, 2012
D••••• S••••••••• I••••••••• F••• I• L•Hedge Fund$130M4Feb 27, 2023
D••• V• O•• A•• G•• C••••••••• F••• L•Hedge Fund$121M54Feb 26, 2014
D••••• C•••••••• P••••••• F••• I• L•no longer reportedHedge Fund$83.9M4Feb 14, 2012
D••••• C•••••••• P••••••• F••• I•• L•no longer reportedHedge Fund$49.0M2Feb 14, 2012
P••••••• R•••••••• P•••••••• H••••••• L••Other Private Fund$45.7M4Feb 27, 2023
D••••• C•••••••• P••••••• F••• I• L•no longer reportedHedge Fund$3.0M73Feb 14, 2012
D••••• C•••••••• P••••••• F••• L•no longer reportedHedge Fund$00Feb 14, 2012
Owners and control persons
Schedule A and B, latest filing
  • F••••• A••••••• T••••• · Chief Compliance Officer Of D••••• C•••••• M••••••••• L•control
    since 01/2023 · owns less than 5%
  • M•••••• S••••• G••••• · Managing Partner Of D••••• C•••••• M••••••••• L•control
    since 07/2007 · owns 10% to 25%
  • P•••••• S•••••• D••••• · Chief Executive Officer Of D••••• C•••••• M••••••••• L•control
    since 07/2007 · owns 25% to 50%
  • T••••••• C•••• J••• · Managing Partner Of D••••• C•••••• M••••••••• L•control
    since 07/2007 · owns 10% to 25%
  • V••••• W••••••• J••• · Chief Financial Officer Of D••••• C•••••• M••••••••• L•control
    since 08/2022 · owns less than 5%
  • P•••••• S•••••• D••••• · Membercontrol
    since 02/2007 · owns 75% or more of D••••• C•••••• M••••••••• G• L••
Entity owners
  • D••••• C•••••• M••••••••• G• L•• · General Partner Of D••••• C•••••• M••••••••• L•
    direct · owns less than 5%
Related persons
Schedule D 7.A
  • D••• V• G• O•• L•
    investment adviserpooled vehicle sponsorn
  • D••••• C•••••• A•••••••• P•• L••
    investment advisery
  • D••••• C•••••• M••••••••• ••• L••
    investment advisery
  • D••••• C•••••••• P••••••• G• V• L•
    investment adviserpooled vehicle sponsorn
  • D••••• C•••••••• P••••••• G• V• L•
    investment adviserpooled vehicle sponsorn
  • D••••• I••••••••• P•••• G••• S•••
    investment adviserpooled vehicle sponsorn
  • D••••• I• C••••••••• F••• G• L•
    investment adviserpooled vehicle sponsorn
  • D••••• M••••• G• L•
    investment adviserpooled vehicle sponsorn
  • D••••• S••••••••• I•••• I• G• L•
    investment adviserpooled vehicle sponsorn
  • I•••••• P••••••• R•••••••• P••••• L••
    investment adviserpooled vehicle sponsorn
  • T•••• C•••••• M••••••••• L•
    investment advisernRAUM $1.7B
Advisers that list D••••• C•••••• M••••••••• L• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Houston, Tx200
Offices
Schedule D 1.F, the 25 largest
  • Jersey City, NJ11 employees
  • London, United Kingdom4 employees
  • Toronto, Canada3 employees
  • , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • high institutional concentrationStatic outlier · filing Mar 31, 2026
    institutional share of RAUM of 38% against a peer median of 0% (684 comparable advisers, 100.0th percentile, 13.0 robust deviations)
    peers: asset managers, $5B to $20B (684) · 100% percentile
What changed
consecutive filings, newest first
  • Accounts · 13 to 12
    Nov 13, 2025 to Mar 31, 2026
  • Assets in custody · $5.7B to $5.3B
    Nov 13, 2025 to Mar 31, 2026
  • Discretionary RAUM · $5.7B to $5.3B
    Nov 13, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $3.8B to $3.2B
    Nov 13, 2025 to Mar 31, 2026
  • RAUM · $5.7B to $5.3B
    Nov 13, 2025 to Mar 31, 2026
  • Accounts · 14 to 13
    Mar 31, 2025 to May 28, 2025
  • Pooled vehicle clients · 10 to 9
    Mar 31, 2025 to May 28, 2025
  • Financial planning clients · unset to
    Mar 31, 2025 to May 28, 2025
  • Private funds · 10 to 9
    Mar 31, 2025 to May 28, 2025
  • Advisory employees · 26 to 25
    Oct 11, 2024 to Mar 31, 2025
  • Assets in custody · $6.1B to $5.7B
    Oct 11, 2024 to Mar 31, 2025
  • Employees · 30 to 29
    Oct 11, 2024 to Mar 31, 2025
  • Discretionary RAUM · $6.1B to $5.7B
    Oct 11, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · $4.2B to $3.8B
    Oct 11, 2024 to Mar 31, 2025
  • RAUM · $6.1B to $5.7B
    Oct 11, 2024 to Mar 31, 2025
  • Other offices · 5 to 4
    Mar 30, 2024 to Oct 11, 2024
  • Accounts · 12 to 14
    Sep 12, 2023 to Mar 30, 2024
  • Assets in custody · $3.3B to $6.1B
    Sep 12, 2023 to Mar 30, 2024
  • Employees · 34 to 30
    Sep 12, 2023 to Mar 30, 2024
  • Other offices · 4 to 5
    Sep 12, 2023 to Mar 30, 2024
  • Discretionary RAUM · $6.4B to $6.1B
    Sep 12, 2023 to Mar 30, 2024
  • Pooled vehicle RAUM · $4.4B to $4.2B
    Sep 12, 2023 to Mar 30, 2024
  • RAUM · $6.4B to $6.1B
    Sep 12, 2023 to Mar 30, 2024
  • Other offices · 5 to 4
    Mar 31, 2023 to Sep 8, 2023
  • Accounts · 13 to 12
    Feb 27, 2023 to Mar 31, 2023
  • Advisory employees · 40 to 26
    Feb 27, 2023 to Mar 31, 2023
  • Assets in custody · $3.5B to $3.3B
    Feb 27, 2023 to Mar 31, 2023
  • Employees · 60 to 34
    Feb 27, 2023 to Mar 31, 2023
  • Discretionary RAUM · $5.8B to $6.4B
    Feb 27, 2023 to Mar 31, 2023
  • Pooled vehicle RAUM · $4.4B to $4.4B
    Feb 27, 2023 to Mar 31, 2023
  • RAUM · $5.8B to $6.4B
    Feb 27, 2023 to Mar 31, 2023
  • Accounts · 14 to 13
    Jan 13, 2023 to Feb 27, 2023
  • Pooled vehicle clients · 11 to 10
    Jan 13, 2023 to Feb 27, 2023
  • Assets in custody · $4.1B to $3.5B
    Jan 13, 2023 to Feb 27, 2023
  • Private funds · 8 to 10
    Jan 13, 2023 to Feb 27, 2023
  • Discretionary RAUM · $7.5B to $5.8B
    Jan 13, 2023 to Feb 27, 2023
  • Pooled vehicle RAUM · $5.5B to $4.4B
    Jan 13, 2023 to Feb 27, 2023
  • RAUM · $7.5B to $5.8B
    Jan 13, 2023 to Feb 27, 2023
  • Private funds · 11 to 8
    Mar 31, 2022 to Nov 21, 2022
  • Accounts · 11 to 14
    Nov 3, 2021 to Mar 31, 2022
Signals
10 dated events
  • Michael Paul Winters (Chief Compliance Officer Of D••••• C•••••• M••••••••• L•) no longer on Schedule A of D••••• C•••••• M••••••••• L• (listed 2023-02-27, absent 2023-03-31)
    Mar 31, 2023 · Control person left · inference
  • T••••• A•••••• F•••• (Chief Compliance Officer Of D••••• C•••••• M••••••••• L•) appeared on Schedule A of D••••• C•••••• M••••••••• L•
    Mar 31, 2023 · Control person joined · fact
  • J••••• T•••• M•••• left D••••• C•••••• M••••••••• L• for T•••• C•••••• M••••••••• L• (registered 2022-07-06)
    Nov 28, 2022 · Advisor changed firm · fact
  • Patrick J••• Collins (Partner And Chief Financial Officer Of D••••• C•••••• M••••••••• L•) no longer on Schedule A of D••••• C•••••• M••••••••• L• (listed 2022-03-31, absent 2022-11-21)
    Nov 21, 2022 · Control person left · inference
  • Tatum Jordan Marye (Managing Partner Of D••••• C•••••• M••••••••• L•) no longer on Schedule A of D••••• C•••••• M••••••••• L• (listed 2022-03-31, absent 2022-11-21)
    Nov 21, 2022 · Control person left · inference
  • J••• W•••••• V•••• (Chief Financial Officer Of D••••• C•••••• M••••••••• L•) appeared on Schedule A of D••••• C•••••• M••••••••• L•
    Nov 21, 2022 · Control person joined · fact
  • H••••• B••••••• (Manager) no longer on Schedule A of D••••• C•••••• M••••••••• L• (listed 2021-11-03, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • G••••• R••••• S•••• (Manager) no longer on Schedule A of D••••• C•••••• M••••••••• L• (listed 2021-11-03, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • A••••••• K••• (Manager) no longer on Schedule A of D••••• C•••••• M••••••••• L• (listed 2021-11-03, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • D••••• C•••••• M••••••••• L• reported RAUM $7.5B, up 58% from $4.8B (2021-11-03 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Website
D•••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
617-531-7200reportedpublic 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
$2.6Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026