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

C••••••••• A•••• M•••••••••

Asset manager (funds and pooled vehicles)Sao Paulo, CRD 157140SEC 801-72442websiteIAPD
Legal name C••••••••• I••••••••• E• P••••••••• L•••
Latest filing Mar 31, 2026
First filing on the tape Mar 26, 2012 · 26 filings
SEC status approved since Jul 13, 2011
RAUM
$526M
reported, Item 5.F
Discretionary
100%
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
24
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$526M as of Mar 31, 2026
Mar 26, 2012$77.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 18, 20130 then
Employees (5.A)24 as of Mar 31, 2026
Mar 18, 201322 then
Private funds1 as of Mar 31, 2026
Mar 26, 20123 then
RAUM -28% over the last fiscal year-29% 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
$13.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%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
-28%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
$111M, 1 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$526M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
40reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$111M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false 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
      4 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••••• F••••••• •••• · Chief Investment Officer, Executive Manager, And Director Of The L•••control
        since 01/2004 · owns 25% to 50%
      • D•••••• E••••••• F••••••••• · Executive Managercontrol
        since 12/2018 · owns 5% to 10%
      • G••••• C••••••• D• A•••••• · Executive Managercontrol
        since 12/2018 · owns 5% to 10%
      • R••••••••• A•••• •••• · Chief Compliance Officer, Executive Manager, And Director Of The L•••control
        since 07/2007 · owns 5% to 10%
      • B•••••••• F••••••• •••• · Ownercontrol
        since 05/2008 · owns 25% to 50% of C••••••••• H•••••• L•••
      • M•••••• S••••••• F•••• · Managing Member Of Lpi B•••••, LLCcontrol
        since 10/2007 · owns F of Lpi B•••••, LLC
      • M•••••• S••••••• F•••• · Managing Member Of Lpi Investors I, LLCcontrol
        since 10/2007 · owns F of Lpi Investors I, LLC
      • A•••••••• L••••• B••••• · Executive Manager
        since 08/2022 · owns less than 5%
      • D• S••••• L•••••• P••••••• · Executive Manager
        since 08/2022 · owns less than 5%
      • D• A•••••• P•••••••• B•••• · Executive Manager
        since 11/2022 · owns less than 5%
      • F•••••• V•••••• A••••• · Executive Manager
        since 08/2022 · owns less than 5%
      • L•••• A••••• D• S•••• · Executive Manager
        since 10/2019 · owns 5% to 10%
      • M••••••••• R••••••• A•••••• · Executive Manager
        since 11/2008 · owns less than 5%
      • N••••• L••••••• M••••• C•••••• · Executive Manager
        since 11/2022 · owns less than 5%
      • P•••••••• S••••• · Executive Manager
        since 08/2022 · owns less than 5%
      • S•••••••• N•••••• B•••••• · Executive Manager
        since 08/2022 · owns less than 5%
      Entity owners
      • C••••••••• H•••••• L••• · Owner
        direct · owns 75% or more
      • L•• I•••••••• I• L•• · 100% Owner
        indirect · owns 75% or more of L•• B••••• L••
      • L•• B••••• L•• · Owner
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • C•••• B••••• G•••••• P•••••• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • institutional asset share shiftChange between filings · filing Mar 31, 2026
        institutional share of RAUM moved from 54.0% to 0.0% between the annual amendments of 2025-03-25 and 2026-03-31
        peers: asset managers, $500M to $1B (784)
      • RAUM down 25 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $729,144,064 to $526,360,108 (-28.0%) between the annual amendments of 2025-03-25 and 2026-03-31; the peer median change was +8.0% (672 comparable advisers, 7.0th percentile of changes)
        peers: asset managers, $500M to $1B (672) · 6.7% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 43 to 40
        Mar 25, 2025 to Mar 31, 2026
      • Business name · C••••••••• I••••••••• E• P••••••••• L••• to C••••••••• A•••• M•••••••••
        Mar 25, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 41 to 40
        Mar 25, 2025 to Mar 31, 2026
      • Assets in custody · $66.8M to $111M
        Mar 25, 2025 to Mar 31, 2026
      • Employees · 26 to 24
        Mar 25, 2025 to Mar 31, 2026
      • Discretionary RAUM · $729M to $526M
        Mar 25, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $338M to $526M
        Mar 25, 2025 to Mar 31, 2026
      • RAUM · $729M to $526M
        Mar 25, 2025 to Mar 31, 2026
      • Accounts · 54 to 43
        Mar 28, 2024 to Mar 25, 2025
      • Advisory employees · 11 to 13
        Mar 28, 2024 to Mar 25, 2025
      • Business name · C••••••••• I••••••••• E• P••••••••• L••• to C••••••••• I••••••••• E• P••••••••• L•••
        Mar 28, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 51 to 41
        Mar 28, 2024 to Mar 25, 2025
      • Assets in custody · $191M to $66.8M
        Mar 28, 2024 to Mar 25, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 25, 2025
      • HQ state · unset to
        Mar 28, 2024 to Mar 25, 2025
      • Legal name · C••••••••• I••••••••• E P•••••••••?ES L••• to C••••••••• I••••••••• E• P••••••••• L•••
        Mar 28, 2024 to Mar 25, 2025
      • Discretionary RAUM · $1.4B to $729M
        Mar 28, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $779M to $338M
        Mar 28, 2024 to Mar 25, 2025
      • RAUM · $1.4B to $729M
        Mar 28, 2024 to Mar 25, 2025
      • Accounts · 57 to 54
        Mar 27, 2023 to Mar 25, 2024
      • Advisory employees · 12 to 11
        Mar 27, 2023 to Mar 25, 2024
      • Pooled vehicle clients · 54 to 51
        Mar 27, 2023 to Mar 25, 2024
      • Assets in custody · $221M to $191M
        Mar 27, 2023 to Mar 25, 2024
      • Employees · 29 to 26
        Mar 27, 2023 to Mar 25, 2024
      • Discretionary RAUM · $1.5B to $1.4B
        Mar 27, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $939M to $779M
        Mar 27, 2023 to Mar 25, 2024
      • RAUM · $1.5B to $1.4B
        Mar 27, 2023 to Mar 25, 2024
      • Advisory employees · 10 to 12
        Oct 20, 2022 to Mar 27, 2023
      • Assets in custody · $256M to $221M
        Oct 20, 2022 to Mar 27, 2023
      • Employees · 22 to 29
        Oct 20, 2022 to Mar 27, 2023
      • Discretionary RAUM · $2.2B to $1.5B
        Oct 20, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $1.5B to $939M
        Oct 20, 2022 to Mar 27, 2023
      • RAUM · $2.2B to $1.5B
        Oct 20, 2022 to Mar 27, 2023
      • Advisory employees · 9 to 10
        Jun 28, 2021 to Mar 29, 2022
      • Accounts · 43 to 57
        Jun 28, 2021 to Mar 29, 2022
      • Pooled vehicle clients · 40 to 54
        Jun 28, 2021 to Mar 29, 2022
      • Assets in custody · $983M to $256M
        Jun 28, 2021 to Mar 29, 2022
      • Private funds · 2 to 1
        Jun 28, 2021 to Mar 29, 2022
      • Discretionary RAUM · $3.3B to $2.2B
        Jun 28, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $2.2B to $1.5B
        Jun 28, 2021 to Mar 29, 2022
      Signals
      21 dated events
      • C••••••••• A•••• M••••••••• reported RAUM $526.4M, down 28% from $729.1M (2025-03-25 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • C••••••••• A•••• M••••••••• reported RAUM $729.1M, down 49% from $1.4B (2024-03-28 to 2025-03-25)
        Mar 25, 2025 · RAUM change · derived
      • Ribeiro Felipe Elias David (Executive Manager) no longer on Schedule A of C••••••••• A•••• M••••••••• (listed 2024-03-25, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • C••••••••• A•••• M••••••••• reported RAUM $1.5B, down 31% from $2.2B (2022-10-20 to 2023-03-27)
        Mar 27, 2023 · RAUM change · derived
      • C••••••••• A•••• M••••••••• reported RAUM $2.2B, down 34% from $3.3B (2021-06-28 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • Da Costa Marcello Da Silva (Executive Manager) no longer on Schedule A of C••••••••• A•••• M••••••••• (listed 2021-03-31, absent 2021-06-28)
        Jun 28, 2021 · Control person left · inference
      • Hideo Marcos Matsutani (Executive Manager) no longer on Schedule A of C••••••••• A•••• M••••••••• (listed 2021-03-31, absent 2021-06-28)
        Jun 28, 2021 · Control person left · inference
      • Cunha Alexandre Bagnoli (Executive Manager) no longer on Schedule A of C••••••••• A•••• M••••••••• (listed 2020-03-18, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • C••••••••• A•••• M••••••••• reported RAUM $3.3B, up 39% from $2.4B (2020-03-18 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • De Souza Andre Lima (Executive Manager) appeared on Schedule A of C••••••••• A•••• M•••••••••
        Mar 18, 2020 · Control person joined · fact
      • C••••••••• A•••• M••••••••• reported RAUM $2.4B, up 89% from $1.2B (2019-03-15 to 2020-03-18)
        Mar 18, 2020 · RAUM change · derived
      • Ribeiro Felipe Elias David (Executive Manager) appeared on Schedule A of C••••••••• A•••• M•••••••••
        Mar 18, 2020 · Control person joined · fact
      • Carvalho William Uemura (Executive Manager) appeared on Schedule A of C••••••••• A•••• M•••••••••
        Mar 18, 2020 · Control person joined · fact
      • Barbosa Rodrigo Campos (Executive Manager) no longer on Schedule A of C••••••••• A•••• M••••••••• (listed 2019-03-15, absent 2020-03-18)
        Mar 18, 2020 · Control person left · inference
      • Fontenelle Eduardo Dumans (Executive Manager) appeared on Schedule A of C••••••••• A•••• M•••••••••
        Mar 15, 2019 · Control person joined · fact
      • Cunha Alexandre Bagnoli (Executive Manager) appeared on Schedule A of C••••••••• A•••• M•••••••••
        Mar 15, 2019 · Control person joined · fact
      • Hideo Marcos Matsutani (Executive Manager) appeared on Schedule A of C••••••••• A•••• M•••••••••
        Mar 15, 2019 · Control person joined · fact
      • De A•••••• C•••••• G•••• (Executive Manager) appeared on Schedule A of C••••••••• A•••• M•••••••••
        Mar 15, 2019 · Control person joined · fact
      • Melle Fabio Dallacqua (Executive Manager) no longer on Schedule A of C••••••••• A•••• M••••••••• (listed 2018-03-05, absent 2019-03-15)
        Mar 15, 2019 · Control person left · inference
      • Sales Rafael Guimaraes (Executive Manager) no longer on Schedule A of C••••••••• A•••• M••••••••• (listed 2018-03-05, absent 2019-03-15)
        Mar 15, 2019 · Control person left · inference
      • C••••••••• A•••• M••••••••• reported RAUM $1.0B, up 27% from $790.9M (2017-03-20 to 2018-03-05)
        Mar 5, 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
      Firm profile
      linkedin.com/company/constellation-asset-management/mycompanreportedpublic record, Form ADV, Sep 19, 2026
      Website
      C••••.COM.BRreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      55 11 4501 0025reportedpublic 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