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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Former SEC-registered adviser

F•••••• V•••• P•••••••• L•

Former SEC-registered adviserNewtown, PennsylvaniaCRD 157495SEC 801-73770IAPD
Latest filing Nov 6, 2020
First filing on the tape Feb 14, 2012 · 16 filings
RAUM
$760M
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
10
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$760M gross assets
History
16 filings and snapshots on the tape
RAUM$760M as of Mar 18, 2020
Apr 1, 2013$1.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 18, 2020
Apr 1, 20130 then
Employees (5.A)10 as of Mar 18, 2020
Apr 1, 201310 then
Private funds2 as of Mar 18, 2020
Apr 1, 20131 then
RAUM -20% over the last fiscal year-8.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Nov 6, 2020; 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
$190MderivedRAUM 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
-20%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)
  • 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$760M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
n/areported
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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      F•• M••••• F•••• L•••Hedge Fund$655M119Feb 14, 2012
      F••••• L•Private Equity Fund$105M65Jul 24, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • H•••••• R•••• T••••• · Limited Partnercontrol
        since 07/2007 · owns 50% to 75%
      • P••••••• C••••• S••••• · Chief Financial Officer / Chief Compliance Officercontrol
        since 01/2016 · owns less than 5%
      • W••••••••• A•••• · Limited Partnercontrol
        since 07/2007 · owns 50% to 75%
      • H•••••• R•••• T••••• · Managing Membercontrol
        since 07/2007 · owns 50% to 75% of F•••••• M••••••••• C•••••• G•• L••
      • W••••••••• A•••• · Managing Membercontrol
        since 07/2007 · owns 50% to 75% of F•••••• M••••••••• C•••••• G•• L••
      Entity owners
      • F•••••• M••••••••• C•••••• G•• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • F•••• G•• L••
        pooled vehicle sponsorn
      • F•• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • HQ city · NEW HOPE to NEWTOWN
        Jul 7, 2020 to Nov 6, 2020
      • HQ city · NEW YORK to NEW HOPE
        Mar 18, 2020 to Jul 7, 2020
      • HQ state · NY to PA
        Mar 18, 2020 to Jul 7, 2020
      • Advisory employees · 9 to 8
        Aug 7, 2019 to Mar 18, 2020
      • Employees · 13 to 10
        Aug 7, 2019 to Mar 18, 2020
      • Discretionary RAUM · $952M to $760M
        Aug 7, 2019 to Mar 18, 2020
      • Pooled vehicle RAUM · $952M to $760M
        Aug 7, 2019 to Mar 18, 2020
      • RAUM · $952M to $760M
        Aug 7, 2019 to Mar 18, 2020
      • Advisory employees · 8 to 9
        Mar 22, 2018 to Mar 20, 2019
      • Employees · 11 to 13
        Mar 22, 2018 to Mar 20, 2019
      • Discretionary RAUM · $1.3B to $952M
        Mar 22, 2018 to Mar 20, 2019
      • Pooled vehicle RAUM · $1.3B to $952M
        Mar 22, 2018 to Mar 20, 2019
      • RAUM · $1.3B to $952M
        Mar 22, 2018 to Mar 20, 2019
      • Pooled vehicle clients · unset to 4.0
        Mar 24, 2017 to Mar 22, 2018
      • Other offices · unset to 0.0
        Mar 24, 2017 to Mar 22, 2018
      • Discretionary RAUM · $993M to $1.3B
        Mar 24, 2017 to Mar 22, 2018
      • Pooled vehicle RAUM · unset to 1290445007.0
        Mar 24, 2017 to Mar 22, 2018
      • RAUM · $993M to $1.3B
        Mar 24, 2017 to Mar 22, 2018
      • Related adviser · true to false
        Mar 24, 2017 to Mar 22, 2018
      • Related bank · true to false
        Mar 24, 2017 to Mar 22, 2018
      • Assets in custody · unset to 0.0
        Oct 24, 2016 to Mar 24, 2017
      • Discretionary RAUM · $831M to $993M
        Oct 24, 2016 to Mar 24, 2017
      • RAUM · $831M to $993M
        Oct 24, 2016 to Mar 24, 2017
      • Advisory employees · 10 to 8
        Mar 31, 2015 to Mar 30, 2016
      • Employees · 13 to 11
        Mar 31, 2015 to Mar 30, 2016
      • Discretionary RAUM · $1.1B to $831M
        Mar 31, 2015 to Mar 30, 2016
      • RAUM · $1.1B to $831M
        Mar 31, 2015 to Mar 30, 2016
      • Advisory employees · 9 to 10
        Jul 24, 2014 to Mar 31, 2015
      • Employees · 12 to 13
        Jul 24, 2014 to Mar 31, 2015
      • Discretionary RAUM · $1.3B to $1.1B
        Jul 24, 2014 to Mar 31, 2015
      • RAUM · $1.3B to $1.1B
        Jul 24, 2014 to Mar 31, 2015
      • Accounts · 3 to 4
        Mar 31, 2014 to Jul 24, 2014
      • Private funds · 1 to 2
        Mar 31, 2014 to Jul 24, 2014
      • Discretionary RAUM · $1.2B to $1.3B
        Mar 31, 2014 to Jul 24, 2014
      • RAUM · $1.2B to $1.3B
        Mar 31, 2014 to Jul 24, 2014
      • Discretionary RAUM · $1.0B to $1.2B
        Jun 27, 2013 to Mar 31, 2014
      • RAUM · $1.0B to $1.2B
        Jun 27, 2013 to Mar 31, 2014
      • Advisory employees · 7 to 9
        Apr 1, 2013 to Jun 27, 2013
      • Employees · 10 to 12
        Apr 1, 2013 to Jun 27, 2013
      • Advisory employees · unset to 7.0
        May 15, 2012 to Apr 1, 2013
      Signals
      3 dated events
      • Adam Daniel Jemal (Chief Operating Officer/Chief Compliance Officer) no longer on Schedule A of F•••••• V•••• P•••••••• L• (listed 2019-03-20, absent 2019-08-07)
        Aug 7, 2019 · Control person left · inference
      • F•••••• V•••• P•••••••• L• reported RAUM $952.1M, down 26% from $1.3B (2018-03-22 to 2019-03-20)
        Mar 20, 2019 · RAUM change · derived
      • F•••••• V•••• P•••••••• L• reported RAUM $1.3B, up 30% from $992.9M (2017-03-24 to 2018-03-22)
        Mar 22, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      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