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•••• W••• R••• E••••• S•••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 32 filings
SEC status approved since Mar 23, 2012
RAUM
$16B
reported, Item 5.F
Discretionary
44%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$16B
derived; firm RAUM over IAPD count
Employees
215
67 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
31
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$16B as of Mar 31, 2026
Apr 1, 2013$2.8B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Apr 1, 20130 then
Employees (5.A)215 as of Mar 31, 2026
Apr 1, 201363 then
Private funds31 as of Mar 31, 2026
Apr 1, 20132 then
RAUM +3.5% over the last fiscal year-0.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $16BderivedRAUM 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
- $466MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 44%derivedof RAUM
- Institutional
- 7.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 215.0derivedItem 5.A over advisors
- Advisors per office
- 0.1derived8 offices incl. principal (1.F.5)
- RAUM growth, one year
- +3.5%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
- Custody
- yesreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$15B93%
- State and municipal entities$1.1B7.0%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 35reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.93 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| I•• R•••••• D••••• | Austin, Tx | Aug 22, 2023 | 12 y | 0 |
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
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
36 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| D•••••••• F••• V•••• L• | Real Estate Fund | $2.9B | 48 | Mar 30, 2020 |
| D•••••••• F••• V• L• | Real Estate Fund | $2.5B | 41 | Mar 31, 2017 |
| D• E••• H•••••• L• | Real Estate Fund | $1.0B | 3 | Mar 30, 2020 |
| D• G• H•••••• L• | Real Estate Fund | $1.0B | 3 | Mar 30, 2020 |
| D• N• H•••••••• L• | Real Estate Fund | $868M | 3 | Mar 30, 2016 |
| D• L••• S••••••• P•••••••• L•• | Real Estate Fund | $783M | 2 | Mar 31, 2022 |
| D• C••• L•• | Real Estate Fund | $761M | 2 | Mar 28, 2019 |
| D• P••••• J••• L• | Real Estate Fund | $704M | 2 | Mar 29, 2018 |
| D• H•• H•••••• L• | Real Estate Fund | $696M | 3 | Mar 30, 2020 |
| D•••••• S••••••••• D••• C••• I• L•no longer reported | Other Private Fund | $664M | 4 | Mar 31, 2014 |
| S••• H••• C••••••••• J•• L• | Real Estate Fund | $602M | 4 | Mar 31, 2021 |
| D• U• H•••••• L• | Real Estate Fund | $601M | 3 | Mar 31, 2021 |
| D•••••••• F••• V•••• L• | Real Estate Fund | $502M | 2 | Mar 31, 2021 |
| Q•••••• S••• H••• H•••••••• L•• | Real Estate Fund | $442M | 4 | Apr 29, 2015 |
| D•••• D•••• B••••••••• L• | Real Estate Fund | $358M | 4 | Mar 31, 2022 |
| D•••••••• F••• V•••• L• | Real Estate Fund | $334M | 2 | Mar 30, 2020 |
| D• I• H•••••• L• | Real Estate Fund | $334M | 3 | Mar 31, 2021 |
| D•••• P•••••••• L• | Real Estate Fund | $310M | 2 | Mar 30, 2020 |
| D•••••••• F••• V• P•• L• | Real Estate Fund | $165M | 2 | Mar 29, 2018 |
| D•••••••• F••• I•• L• | Real Estate Fund | $149M | 161 | Mar 31, 2014 |
| D•••• D•••• A••••••• R••• L• | Real Estate Fund | $99.4M | 3 | Mar 31, 2022 |
| D•• V• C• O•• C••••••••• L• | Real Estate Fund | $73.8M | 2 | Mar 29, 2024 |
| E•• P••••••••• D•• L• | Real Estate Fund | $66.6M | 4 | Mar 28, 2019 |
| D•• V• 4••• B••••••• C••••••••• L• | Real Estate Fund | $27.8M | 2 | Mar 29, 2024 |
| M••• C•••••• C••••• I••••••••• L••no longer reported | Real Estate Fund | $25.5M | 2 | Mar 30, 2016 |
| D•• V• 7• S•••• C••••••••• L• | Real Estate Fund | $19.3M | 4 | Mar 30, 2020 |
| D•••• D•••• 4•• F••••• L• | Real Estate Fund | $16.2M | 2 | Mar 29, 2024 |
| M••••• S••••• C•••••• P•••••••• L•no longer reported | Real Estate Fund | $15.4M | 186 | Feb 14, 2012 |
| D•• I• B••••••••• J•• L••no longer reported | Real Estate Fund | $11.8M | 3 | Apr 29, 2015 |
| D•••••••• F••• I••• L•no longer reported | Real Estate Fund | $11.3M | 153 | Feb 14, 2012 |
| D•• I• O•• K•••••• C••••••••• L••no longer reported | Real Estate Fund | $4.2M | 3 | Apr 29, 2015 |
| M• 3•• B••• S••••• J• C••••••• L•no longer reported | Real Estate Fund | $2.5M | 3 | Mar 30, 2016 |
| D•••• P•• M•• L•no longer reported | Real Estate Fund | $984,000 | 2 | Mar 30, 2016 |
| S•••••• T•••no longer reported | Real Estate Fund | $501,000 | 2 | Mar 30, 2016 |
| D•• I••••••• L••no longer reported | Real Estate Fund | $373,000 | 2 | Mar 30, 2016 |
| S•••••• T••no longer reported | Real Estate Fund | $279,000 | 2 | Mar 30, 2016 |
Owners and control persons
Schedule A and B, latest filing
- C•••• M••••••• F••••••• · President, Chief Operating Officercontrolsince 04/2012 · owns less than 5%
- G•••••••• L•••• M• · T•••Surercontrolsince 01/2023 · owns less than 5%
- M••••••• R•••••• G•• · Vice Presidentcontrolsince 04/2012 · owns less than 5%
- S••••••• M••••• P•••• · Secretarycontrolsince 07/2020 · owns less than 5%
- S••••• S•••••• Z•••••• · Chief Executive Officercontrolsince 04/2006 · owns less than 5%
- S••••••••• M•••• J••••• · Chief Compliance Officercontrolsince 03/2019 · owns less than 5%
- F•••••••• M•••• L••••••• · Trusteecontrolsince 11/2006 · owns F of M••• L• F••••••• 2••• R•••••••• T••••
- M••••••• R•••••• G•• · Membercontrolsince 06/2022 · owns 75% or more of R••••••••• G•••••• P••••••• L••
- M••••••• R•••••• G•• · Membercontrolsince 06/2022 · owns 75% or more of R••••••••• L•••••• P•••••••••
- S••••• S•••••• Z•••••• · Membercontrolsince 12/2008 · owns 50% to 75% of S•••• I••••••••• C••••••• L••
Entity owners
- D•••••• M••••••• M••••••••• H•••••••• L•• · Memberdirect · owns 75% or more
- S•••• I••••••••• C••••••• L•• · Memberdirect · owns less than 5%
- D•••••• C••••••• L•• · Memberindirect · owns 75% or more of D•••••• M••••••• M••••••••• H•••••••• L••
- F•••• R••••••• T•••• C•••••• O• D•••••••• L•• · Trusteeindirect · owns F of S•••• F••••• 2••• D•••••• T••••
- G•••••• L•• · Memberindirect · owns 50% to 75% of M• M••••••••• H••••••• L••
- M••• L• F••••••• 2••• R•••••••• T•••• · Memberindirect · owns 75% or more of G•••••• L••
- M• M••••••••• H••••••• L•• · Memberindirect · owns 25% to 50% of D•••••• C••••••• L••
- R••••••••• G•••••• P••••••• L•• · G•••••• Partnerindirect · owns F of R••••••••• L•••••• P•••••••••
- R••••••••• L•••••• P••••••••• · Memberindirect · owns 25% to 50% of D•••••• C••••••• L••
- S•••• F••••• 2••• D•••••• T•••• · Memberindirect · owns 75% or more of S•••• F••••• L•••••• L••
- S•••• F••••• L•••••• L•• · Memberindirect · owns 25% to 50% of S•••• I••••••••• C••••••• L••
- S•••• I••••••••• C••• L•• · Memberindirect · owns 25% to 50% of D•••••• C••••••• L••
Related persons
Schedule D 7.A
- D•••• D•••• 4•• F•••• G•• L••investment adviserpooled vehicle sponsorn
- D•••• S••• H••• C••••••••• P•••••••• L••investment adviserpooled vehicle sponsorn
- D•••• S••• H••• P•••••••• L••investment adviserpooled vehicle sponsorn
- D•••••••• F••• I• L• G•• L••investment adviserpooled vehicle sponsorn
- D•••••••• F••• I• R••• G•• L••investment adviserpooled vehicle sponsorn
- D•••••••• F••• I• R••• L• G•• L••investment adviserpooled vehicle sponsorn
- D•••••••• F••• V• G•• L••investment adviserpooled vehicle sponsorn
- D•••••••• F••• V• G•• L••investment adviserpooled vehicle sponsorn
- D•••••••• R••• E••••• A•••• M••••••••• I•••investment companyn
- D•••• P••••••• G•• L••investment adviserpooled vehicle sponsorn
- D•• V• 7• S•••• C•••••••• G•• L••investment adviserpooled vehicle sponsorn
- D•• V• 4••• B••••••• C•••••••• G•• L••investment adviserpooled vehicle sponsorn
- D•• V• C• O•• C•••••••• G•• L••investment adviserpooled vehicle sponsorn
- E•• P••••••••• D• G•• L••investment adviserpooled vehicle sponsorn
- L••••••• C•••••• C••••• A•••••• L••investment advisernRAUM $7.9B
Advisers that list D•••• W••• R••• E••••• S•••••••• L•• as a related person
- 293737 n
Offices
Schedule D 1.F, the 25 largest
- Cambridge, MA11 employees
- Beverly H•••S, CA8 employees
- Washington, DC4 employees
- New York, NY3 employees
- Irvine, CA1 employees
- Austin, TX1 employees
- Menlo Park, CA
What changed
consecutive filings, newest first
- Accounts · 31 to 35Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 61 to 67Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle clients · 27 to 31Mar 31, 2025 to Mar 31, 2026
- Employees · 198 to 215Mar 31, 2025 to Mar 31, 2026
- Private funds · 27 to 31Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $7.0B to $7.1BMar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $8.8B to $9.2BMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $15B to $15BMar 31, 2025 to Mar 31, 2026
- RAUM · $16B to $16BMar 31, 2025 to Mar 31, 2026
- Accounts · 28 to 31May 10, 2024 to Mar 31, 2025
- Pooled vehicle clients · 25 to 27May 10, 2024 to Mar 31, 2025
- Employees · 186 to 198May 10, 2024 to Mar 31, 2025
- Financial planning clients · unset to May 10, 2024 to Mar 31, 2025
- Private funds · 25 to 27May 10, 2024 to Mar 31, 2025
- Discretionary RAUM · $7.4B to $7.0BMay 10, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $7.9B to $8.8BMay 10, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $15B to $15BMay 10, 2024 to Mar 31, 2025
- RAUM · $15B to $16BMay 10, 2024 to Mar 31, 2025
- Accounts · 22 to 28Mar 31, 2023 to Mar 29, 2024
- Advisory employees · 63 to 61Mar 31, 2023 to Mar 29, 2024
- Pooled vehicle clients · 22 to 25Mar 31, 2023 to Mar 29, 2024
- Employees · 176 to 186Mar 31, 2023 to Mar 29, 2024
- Private funds · 22 to 25Mar 31, 2023 to Mar 29, 2024
- Discretionary RAUM · $8.2B to $7.4BMar 31, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $8.1B to $7.9BMar 31, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $16B to $15BMar 31, 2023 to Mar 29, 2024
- RAUM · $16B to $15BMar 31, 2023 to Mar 29, 2024
- Accounts · 24 to 22Jul 25, 2022 to Mar 31, 2023
- Advisory employees · 59 to 63Jul 25, 2022 to Mar 31, 2023
- Pooled vehicle clients · 24 to 22Jul 25, 2022 to Mar 31, 2023
- Employees · 158 to 176Jul 25, 2022 to Mar 31, 2023
- Other offices · 5 to 7Jul 25, 2022 to Mar 31, 2023
- Private funds · 24 to 22Jul 25, 2022 to Mar 31, 2023
- Discretionary RAUM · $7.2B to $8.2BJul 25, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $8.0B to $8.1BJul 25, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $15B to $16BJul 25, 2022 to Mar 31, 2023
- RAUM · $15B to $16BJul 25, 2022 to Mar 31, 2023
- Accounts · 21 to 24Jan 26, 2022 to Mar 31, 2022
- Advisory employees · 52 to 59Jan 26, 2022 to Mar 31, 2022
- Pooled vehicle clients · 21 to 24Jan 26, 2022 to Mar 31, 2022
Signals
12 dated events
- M Lisa Guerrero (Treasurer) appeared on Schedule A of D•••• W••• R••• E••••• S•••••••• L••Mar 31, 2023 · Control person joined · fact
- David Stephen Novick (Vice President) no longer on Schedule A of D•••• W••• R••• E••••• S•••••••• L•• (listed 2022-07-25, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- David Kenneth Wong (Treasurer, Chief Financial Officer) no longer on Schedule A of D•••• W••• R••• E••••• S•••••••• L•• (listed 2022-07-25, absent 2023-03-31)Mar 31, 2023 · Control person left · inference
- D•••• W••• R••• E••••• S•••••••• L•• reported RAUM $15.2B, up 28% from $11.9B (2022-01-26 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Payne Megan Sherman (Secretary) appeared on Schedule A of D•••• W••• R••• E••••• S•••••••• L••Mar 31, 2021 · Control person joined · fact
- D•••• W••• R••• E••••• S•••••••• L•• reported RAUM $9.6B, up 70% from $5.6B (2019-03-28 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Alan Steven Dietsch (Senior Managing Director) no longer on Schedule A of D•••• W••• R••• E••••• S•••••••• L•• (listed 2019-03-28, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Ursula Jacqueline Moore (Senior Managing Director) no longer on Schedule A of D•••• W••• R••• E••••• S•••••••• L•• (listed 2019-03-28, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- D•••• W••• R••• E••••• S•••••••• L•• reported RAUM $5.6B, up 27% from $4.4B (2018-03-29 to 2019-03-28)Mar 28, 2019 · RAUM change · derived
- Jordan Marc Sternberg (Chief Compliance Officer) appeared on Schedule A of D•••• W••• R••• E••••• S•••••••• L••Mar 28, 2019 · Control person joined · fact
- Lawrence Mark Finerman (Member) appeared on Schedule A of D•••• W••• R••• E••••• S•••••••• L••Mar 28, 2019 · Control person joined · fact
- Payne Megan Sherman (Chief Compliance Officer) no longer on Schedule A of D•••• W••• R••• E••••• S•••••••• L•• (listed 2018-03-29, absent 2019-03-28)Mar 28, 2019 · Control person left · inference
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
- Firm profile
- linkedin.com/company/divcorereportedpublic record, Form ADV, Sep 18, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/D••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Website
- divcore.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 415-284-5700reportedpublic 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
- $16Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
D•••• W••• R••• E••••• S•••••••• 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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