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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Former SEC-registered adviser

F•• P••••••• L••

Former SEC-registered adviserSan Francisco, CaliforniaCRD 157311SEC 801-74002websiteIAPD
Latest filing May 30, 2025
First filing on the tape Feb 14, 2012 · 24 filings
SEC status approved since Mar 30, 2012
RAUM
$1.0B
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
9
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.0B as of May 30, 2025
Mar 28, 2013$2.0B then
HNW client RAUM$0 as of May 30, 2025
Mar 19, 2018$0 then
State-registered IARs (5.B.3)0 as of May 30, 2025
Mar 28, 20130 then
Employees (5.A)9 as of May 30, 2025
Mar 28, 20137 then
Private funds3 as of May 30, 2025
Mar 28, 20136 then
RAUM -50% over the last fiscal year-36% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 30, 2025; 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
$336MderivedRAUM 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
-50%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
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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.0B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      Every departureEvery arrival
      Private funds
      10 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      F•• P•••••••• L•Hedge Fund$1.0B105Feb 14, 2012
      B•••• F•••• L•Hedge Fund$510M4Feb 26, 2015
      T•••••• I••••• L•Hedge Fund$409M2Nov 14, 2018
      M••••• L•no longer reportedHedge Fund$163M2Feb 14, 2012
      N••••• L•no longer reportedHedge Fund$115M2Nov 25, 2015
      F•••••• P••••• O••••••••• L•Hedge Fund$88.4M7Feb 14, 2012
      W••• F•••• L•no longer reportedHedge Fund$61.6M2Feb 14, 2012
      F•• S•• I• L••no longer reportedHedge Fund$60.3M2Feb 14, 2012
      B•••••••• L•Hedge Fund$38.2M2Nov 25, 2015
      I••• F•••• L•Hedge Fund$33.7M2Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••• S••• •••• · Chief Financial Officercontrol
        since 08/2012 · owns less than 5%
      • J•••••• T•••••• E••••• · Chief Operating Officer And Chief Compliance Officercontrol
        since 03/2017 · owns less than 5%
      • P•••• B••••• R•• · Managing Director, Managing Member, Trusteecontrol
        since 10/2007 · owns 50% to 75%
      • R•••• A•••••• J••• · Managing Director, Managing Member, Trusteecontrol
        since 10/2007 · owns 50% to 75%
      • P•••• E••••• W•••• · Trustee
        since 09/2008 · owns 50% to 75%
      Entity owners
      • A•• R•••••••• T•••• · Member
        direct · owns 50% to 75%
      • P••• 2••• F••••• T•••• · Member
        direct · owns 50% to 75%
      Related persons
      Schedule D 7.A
      • B••• P••••••• I•• L••
        pooled vehicle sponsorn
      • B••• P••••••• V• L••
        pooled vehicle sponsorn
      • B••• P••••••• V•• L••
        pooled vehicle sponsorn
      • B••• P•••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Financial planning clients · unset to
        Feb 25, 2025 to May 30, 2025
      • Accounts · 4 to 3
        Mar 22, 2024 to Feb 25, 2025
      • Pooled vehicle clients · 4 to 3
        Mar 22, 2024 to Feb 25, 2025
      • Private funds · 4 to 3
        Mar 22, 2024 to Feb 25, 2025
      • Discretionary RAUM · $2.0B to $1.0B
        Mar 22, 2024 to Feb 25, 2025
      • Pooled vehicle RAUM · $2.0B to $1.0B
        Mar 22, 2024 to Feb 25, 2025
      • RAUM · $2.0B to $1.0B
        Mar 22, 2024 to Feb 25, 2025
      • Accounts · 6 to 4
        Mar 15, 2023 to Mar 22, 2024
      • Advisory employees · 5 to 4
        Mar 15, 2023 to Mar 22, 2024
      • Advisory activities · 2 to 1
        Mar 15, 2023 to Mar 22, 2024
      • Pooled vehicle clients · 6 to 4
        Mar 15, 2023 to Mar 22, 2024
      • Employees · 10 to 9
        Mar 15, 2023 to Mar 22, 2024
      • Other offices · 1 to 0
        Mar 15, 2023 to Mar 22, 2024
      • Private funds · 6 to 4
        Mar 15, 2023 to Mar 22, 2024
      • Discretionary RAUM · $2.3B to $2.0B
        Mar 15, 2023 to Mar 22, 2024
      • Pooled vehicle RAUM · $2.3B to $2.0B
        Mar 15, 2023 to Mar 22, 2024
      • RAUM · $2.3B to $2.0B
        Mar 15, 2023 to Mar 22, 2024
      • Accounts · 7 to 6
        Oct 31, 2022 to Mar 15, 2023
      • Pooled vehicle clients · 7 to 6
        Oct 31, 2022 to Mar 15, 2023
      • Private funds · 7 to 6
        Oct 31, 2022 to Mar 15, 2023
      • Discretionary RAUM · $3.9B to $2.3B
        Oct 31, 2022 to Mar 15, 2023
      • Pooled vehicle RAUM · $3.9B to $2.3B
        Oct 31, 2022 to Mar 15, 2023
      • RAUM · $3.9B to $2.3B
        Oct 31, 2022 to Mar 15, 2023
      • Accounts · 8 to 7
        Mar 25, 2021 to Mar 23, 2022
      • Discretionary RAUM · $3.8B to $3.9B
        Mar 25, 2021 to Mar 23, 2022
      • Pooled vehicle RAUM · $3.7B to $3.9B
        Mar 25, 2021 to Mar 23, 2022
      • RAUM · $3.8B to $3.9B
        Mar 25, 2021 to Mar 23, 2022
      • Accounts · 9 to 8
        Mar 26, 2020 to Mar 25, 2021
      • Pooled vehicle clients · 8 to 7
        Mar 26, 2020 to Mar 25, 2021
      • Other offices · 0 to 1
        Mar 26, 2020 to Mar 25, 2021
      • Private funds · 8 to 7
        Mar 26, 2020 to Mar 25, 2021
      • Discretionary RAUM · $5.3B to $3.8B
        Mar 26, 2020 to Mar 25, 2021
      • Pooled vehicle RAUM · $5.3B to $3.7B
        Mar 26, 2020 to Mar 25, 2021
      • RAUM · $5.3B to $3.8B
        Mar 26, 2020 to Mar 25, 2021
      • Accounts · 10 to 9
        Mar 20, 2019 to Mar 24, 2020
      • Pooled vehicle clients · 9 to 8
        Mar 20, 2019 to Mar 24, 2020
      • Other offices · 1 to 0
        Mar 20, 2019 to Mar 24, 2020
      • Private funds · 9 to 8
        Mar 20, 2019 to Mar 24, 2020
      • Discretionary RAUM · $4.2B to $5.3B
        Mar 20, 2019 to Mar 24, 2020
      • Pooled vehicle RAUM · $4.1B to $5.3B
        Mar 20, 2019 to Mar 24, 2020
      Signals
      6 dated events
      • F•• P••••••• L•• no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $1.0B)
        Dec 20, 2025 · Left the SEC roster · derived
      • F•• P••••••• L•• reported RAUM $1.0B, down 50% from $2.0B (2024-03-22 to 2025-02-25)
        Feb 25, 2025 · RAUM change · derived
      • Blackburn Thomas Hazlehurst (Director) no longer on Schedule A of F•• P••••••• L•• (listed 2023-03-15, absent 2024-03-22)
        Mar 22, 2024 · Control person left · inference
      • F•• P••••••• L•• reported RAUM $2.3B, down 41% from $3.9B (2022-10-31 to 2023-03-15)
        Mar 15, 2023 · RAUM change · derived
      • F•• P••••••• L•• reported RAUM $3.8B, down 29% from $5.3B (2020-03-26 to 2021-03-25)
        Mar 25, 2021 · RAUM change · derived
      • F•• P••••••• L•• reported RAUM $5.3B, up 26% from $4.2B (2019-03-20 to 2020-03-24)
        Mar 24, 2020 · 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.
      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
      Former SEC-registered adviserderiveda 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