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.

SEC-registered adviser

Nephila Advisors LLC

Asset manager (funds and pooled vehicles)Nashville, TennesseeCRD 156905SEC 801-72587websiteIAPD
Latest filing Aug 31, 2026
First filing on the tape Mar 30, 2012 · 36 filings
SEC status approved since Jul 12, 2011
RAUM
$13B
reported, Item 5.F
Discretionary
0.0%
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
38
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$13B as of Aug 31, 2026
Mar 30, 2012$124M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 31, 2026
Mar 28, 20130 then
Employees (5.A)38 as of Aug 31, 2026
Mar 28, 20137 then
Private funds: no history
RAUM +13% over the last fiscal year-12% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 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
$330MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
otherreportedItem 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
  • 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)
  • 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$13B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
39reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
n/areported
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Paul Jean Dyer · Chief Legal Officercontrol
        since 01/2018 · owns less than 5%
      • Mark Steven Glassman · Chief Operations Officer, Chief Financial Officercontrol
        since 12/2021 · owns less than 5%
      • Gregory Paul Hagood · Co-Ceocontrol
        since 08/2012 · owns less than 5%
      • Ragnar Jeffrey Ingelman · Chief Compliance Officercontrol
        since 03/2024 · owns less than 5%
      • Franklin William Majors · Co-Ceocontrol
        since 07/2013 · owns less than 5%
      • Francis Barney Schauble · Senior Business Advisorcontrol
        since 10/2010 · owns less than 5%
      Entity owners
      • Markel Group Inc · Sole Shareholder
        direct · owns 75% or more · public reporting company
      Related persons
      Schedule D 7.A
      • City National Insurance Company
        real estaten
      • Evanston Insurance Company
        real estaten
      • Hagerty Reinsurance Limited
        real estaten
      • Independent Specialty Insurance Company
        real estaten
      • Lloyd'S Syndicate 3000
        real estaten
      • Markel American Insurance Company
        real estaten
      • Markel Bermuda Limited
        real estaten
      • Markel Global Reinsurance Company
        real estaten
      • Markel Insurance Company
        real estaten
      • Markel Insurance Se
        real estaten
      • Markel International Insurance Company Limited
        real estaten
      • National Specialty Insurance Company
        real estaten
      • Nephila Capital Ltd.
        investment adviserbankpooled vehicle sponsornRAUM $13B
      • Nephila Syndicate Management Limited
        real estaten
      • State National Insurance Company
        real estaten
      • United Specialty Insurance Company
        real estaten
      • Velocity Risk Underwriters LLC
        real estaten
      Advisers that list Nephila Advisors LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Aug 31, 2026
        discretionary share of RAUM of 0% against a peer median of 100% (684 comparable advisers, 0.0th percentile, 33.7 robust deviations)
        peers: asset managers, $5B to $20B (684) · 0.0% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 37 to 39
        Jan 2, 2026 to Mar 20, 2026
      • Advisory employees · 13 to 12
        Jan 2, 2026 to Mar 20, 2026
      • Pooled vehicle clients · 37 to 39
        Jan 2, 2026 to Mar 20, 2026
      • Employees · 36 to 38
        Jan 2, 2026 to Mar 20, 2026
      • Non-discretionary RAUM · $11B to $13B
        Jan 2, 2026 to Mar 20, 2026
      • Pooled vehicle RAUM · $11B to $13B
        Jan 2, 2026 to Mar 20, 2026
      • RAUM · $11B to $13B
        Jan 2, 2026 to Mar 20, 2026
      • Employees · 37 to 36
        Mar 25, 2024 to Mar 21, 2025
      • Financial planning clients · unset to
        Mar 25, 2024 to Mar 21, 2025
      • Non-discretionary RAUM · $14B to $11B
        Mar 25, 2024 to Mar 21, 2025
      • Pooled vehicle RAUM · $14B to $11B
        Mar 25, 2024 to Mar 21, 2025
      • RAUM · $14B to $11B
        Mar 25, 2024 to Mar 21, 2025
      • Accounts · 44 to 37
        Jan 23, 2024 to Mar 25, 2024
      • Pooled vehicle clients · 44 to 37
        Jan 23, 2024 to Mar 25, 2024
      • Employees · 39 to 37
        Jan 23, 2024 to Mar 25, 2024
      • Non-discretionary RAUM · $19B to $14B
        Jan 23, 2024 to Mar 25, 2024
      • Pooled vehicle RAUM · $19B to $14B
        Jan 23, 2024 to Mar 25, 2024
      • RAUM · $19B to $14B
        Jan 23, 2024 to Mar 25, 2024
      • HQ city · LARKSPUR to NASHVILLE
        Mar 27, 2023 to Jul 4, 2023
      • HQ state · CA to TN
        Mar 27, 2023 to Jul 4, 2023
      • Other offices · 1 to 0
        Mar 27, 2023 to Jul 4, 2023
      • Accounts · 40 to 44
        Nov 22, 2022 to Mar 27, 2023
      • Advisory employees · 15 to 13
        Nov 22, 2022 to Mar 27, 2023
      • Pooled vehicle clients · 40 to 44
        Nov 22, 2022 to Mar 27, 2023
      • Employees · 43 to 39
        Nov 22, 2022 to Mar 27, 2023
      • Non-discretionary RAUM · $20B to $19B
        Nov 22, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $20B to $19B
        Nov 22, 2022 to Mar 27, 2023
      • RAUM · $20B to $19B
        Nov 22, 2022 to Mar 27, 2023
      • Accounts · 35 to 40
        Dec 21, 2021 to Mar 31, 2022
      • Advisory employees · 18 to 15
        Dec 21, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 35 to 40
        Dec 21, 2021 to Mar 31, 2022
      • Non-discretionary RAUM · $20B to $20B
        Dec 21, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $20B to $20B
        Dec 21, 2021 to Mar 31, 2022
      • RAUM · $20B to $20B
        Dec 21, 2021 to Mar 31, 2022
      • Accounts · 37 to 35
        Mar 20, 2020 to Mar 19, 2021
      • Advisory employees · 17 to 18
        Mar 20, 2020 to Mar 19, 2021
      • Pooled vehicle clients · 37 to 35
        Mar 20, 2020 to Mar 19, 2021
      • Employees · 40 to 43
        Mar 20, 2020 to Mar 19, 2021
      • Non-discretionary RAUM · $20B to $20B
        Mar 20, 2020 to Mar 19, 2021
      • Pooled vehicle RAUM · $20B to $20B
        Mar 20, 2020 to Mar 19, 2021
      Signals
      5 dated events
      • Ragnar Jeffrey Ingelman (Chief Compliance Officer) appeared on Schedule A of Nephila Advisors Llc
        Mar 25, 2024 · Control person joined · fact
      • Lewis Alan Weiss (Chief Compliance Officer) no longer on Schedule A of Nephila Advisors Llc (listed 2024-01-23, absent 2024-03-25)
        Mar 25, 2024 · Control person left · inference
      • Lewis Alan Weiss (Chief Compliance Officer) appeared on Schedule A of Nephila Advisors Llc
        Jan 23, 2024 · Control person joined · fact
      • James Chris Thomson (Chief Financial Officer) no longer on Schedule A of Nephila Advisors Llc (listed 2022-03-31, absent 2022-10-03)
        Oct 3, 2022 · Control person left · inference
      • Mark Steven Glassman (Chief Operations Officer) appeared on Schedule A of Nephila Advisors Llc
        Dec 21, 2021 · Control person joined · fact
      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
      Website
      NEPHILA.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      615-823-8488reportedpublic record, Form ADV, Aug 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