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
K••• C•••••• M••••••••• I•••
Latest filing Jun 4, 2026
First filing on the tape Mar 30, 2012 · 43 filings
SEC status approved since Oct 7, 2011
RAUM
$2.8B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
5.0%
$141M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$352M
derived; firm RAUM over IAPD count
Employees
53
23 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
11
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$2.8B as of Jun 4, 2026
Mar 30, 2012$258M then
HNW client RAUM$141M as of Jun 4, 2026
Mar 29, 2018$164M then
State-registered IARs (5.B.3)9 as of Jun 4, 2026
Mar 30, 20120 then
Employees (5.A)53 as of Jun 4, 2026
Mar 27, 201312 then
Private funds11 as of Jun 4, 2026
Mar 30, 20121 then
RAUM -6.6% over the last fiscal year+4.3% a year over threeIARs 11 to 9
Practice profile
derived from the filing of Jun 4, 2026; every figure names its basis
- RAUM per advisor
- $469MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 2derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $14.1MderivedHNW RAUM over HNW clients
- Average account
- $50.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 8.8derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -6.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- -18%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +11%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $2.6B, 42 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
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$2.7B95%
- High-net-worth individuals$141M5.0%
- Other investment advisers$10.9M0.4%
- Individual clients
- 0reported
- HNW clients
- 10reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 56reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.6B for 42 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.05 fund_share=0.95 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L•••••• L••••••••• | Hallandale Beach, Fl | Jan 9, 2012 | 15 y | 0 |
| D••••• A••• | Hallandale Beach, Fl | Jan 9, 2012 | 20 y | 0 |
| C••••••• H••••••• B••••• | Hallandale Beach, Fl | Feb 13, 2012 | 16 y | 0 |
| K•••••••• L••••• H•••••• | Hallandale Beach, Fl | Dec 6, 2012 | 13 y | 0 |
| T•••• M••••••• C•••• | Hallandale Beach, Fl | Jan 19, 2017 | 11 y | 0 |
| R••••• S••••••• | Hallandale Beach, Fl | Nov 15, 2022 | 10 y | 0 |
| C••••• F••••• L•••• | Hallandale Beach, Fl | Jan 1, 2025 | 19 y | 0 |
| F•••••••• T•••• | Hallandale Beach, Fl | Nov 18, 2025 | 11 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
- H••••• M••••• D••••••••• to S••••• W••••• A••••••• I•••May 12, 2021 · Other
- G••••••• P••• T•••• to I•••••• S••••••••• I•••Oct 10, 2019 · Other
Joined, latest
- H••••• M••••• D••••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Nov 25, 2020 · Other
Private funds
32 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| T•• K••• F••• L•••••• | Hedge Fund | $1.6B | 678 | Mar 30, 2012 |
| K••• C•• M••••• F••• I• L•• | Real Estate Fund | $134M | 180 | Mar 29, 2023 |
| K•• M••• L•• | Real Estate Fund | $104M | 71 | Mar 30, 2020 |
| K••• S•••• P••••••• L•no longer reported | Other Private Fund | $96.7M | 54 | Mar 31, 2014 |
| K••• C••••••• P•••••••• F••• I•• L•no longer reported | Hedge Fund | $95.6M | 136 | Mar 30, 2020 |
| K••• G••••• L•••• M••••• F••• I• L• | Real Estate Fund | $76.8M | 122 | Mar 31, 2022 |
| K••• I••••• F•••• L•••no longer reported | Hedge Fund | $59.5M | 64 | Mar 31, 2021 |
| K•• N•• M••••• F••• I•• L••• | Real Estate Fund | $53.5M | 106 | Mar 30, 2020 |
| T•• K••• G••••• M•••• F••• L•••••• | Hedge Fund | $48.5M | 20 | Oct 24, 2023 |
| K•• M••••••••• G••••• P••••••••• L•• | Real Estate Fund | $46.0M | 62 | Mar 31, 2021 |
| K••• S•• O••••••••• F••• I•• L•••no longer reported | Private Equity Fund | $38.7M | 45 | Mar 29, 2018 |
| K•• M•••••••• N•••• L••no longer reported | Private Equity Fund | $31.2M | 92 | Mar 28, 2019 |
| K•• A•••••• B••••••• C•••••• L•• | Real Estate Fund | $30.1M | 133 | Mar 29, 2023 |
| K•• L• J•••• L• | Real Estate Fund | $28.2M | 73 | Mar 31, 2022 |
| K••• S•• F••• I••• L•••no longer reported | Hedge Fund | $22.3M | 71 | Mar 28, 2019 |
| K••• E••••••• M•••••• M••••• F•••• L• | Hedge Fund | $21.2M | 56 | Mar 29, 2023 |
| K•• C••••••••• L•• | Real Estate Fund | $18.4M | 68 | Mar 30, 2020 |
| K••• C••••••• P•••••••• F••• L•••no longer reported | Hedge Fund | $16.7M | 24 | Mar 30, 2017 |
| K••• C••••••••• L••• P••• I• L•• | Real Estate Fund | $14.4M | 9 | Mar 31, 2022 |
| J•• S••••••••• F•••• L••• | Hedge Fund | $14.2M | 5 | Nov 27, 2024 |
| K•• G••••••• L••no longer reported | Real Estate Fund | $14.1M | 73 | Mar 31, 2022 |
| K•• S••••••••• L••no longer reported | Private Equity Fund | $13.4M | 49 | Mar 30, 2020 |
| K•• G•••• O•••••• L•• | Real Estate Fund | $11.1M | 40 | Mar 30, 2020 |
| K••• S•• O••••••••• F••• I• L••• | Private Equity Fund | $10.8M | 22 | Mar 30, 2017 |
| K•• J••• L•• | Private Equity Fund | $10.3M | 34 | Mar 31, 2022 |
| H•••••• F•••• I•••••••• I•no longer reported | Real Estate Fund | $10.1M | 13 | Mar 31, 2014 |
| N•••••••• F••• I•••••••• I•no longer reported | Real Estate Fund | $5.0M | 10 | Mar 31, 2014 |
| K••• H••••• R••••• L••no longer reported | Real Estate Fund | $5.0M | 19 | Mar 30, 2017 |
| K••• V• P••••••• L••no longer reported | Real Estate Fund | $4.4M | 18 | Mar 30, 2016 |
| K••• R•• L•••no longer reported | Real Estate Fund | $2.8M | 7 | Mar 30, 2017 |
| K••• V•••••••• L•• | Real Estate Fund | $1.4M | 40 | Mar 30, 2017 |
| K••• S•••• I•••••••••no longer reported | Real Estate Fund | $11,776 | 21 | Mar 31, 2015 |
Owners and control persons
Schedule A and B, latest filing
- A•••• D••••• · Chief Executive Officer & Chief Investment Officercontrolsince 09/2007 · owns less than 5%
- B•••••• C•••••••• H••••••• · Deputy Chief Executive Officercontrolsince 03/2010 · owns less than 5%
- L••••• C•••••• F••••• · Head Of Investor Relationscontrolsince 09/2007 · owns less than 5%
- S••••••• A•••••••• · Chief Risk Officercontrolsince 09/2007 · owns less than 5%
- T••••••• J•••••• M• · General Counsel & Chief Compliance Officercontrolsince 03/2015 · owns less than 5%
- A•••• D••••• · M••••••controlsince 02/2009 · owns 75% or more of K••• C•••••• P••••••• L••
- A••• D• A••••••• G•••••• · Managing Director, Financesince 03/2022 · owns less than 5%
- L••• X• · Managing Director, Operationssince 03/2022 · owns less than 5%
Entity owners
- K••• H•••••• I••• · Shareholderdirect · owns 75% or more
- K••• C•••••• P••••••• L•• · Shareholderindirect · owns 50% to 75% of K••• H•••••• I•••
Related persons
Schedule D 7.A
- A•••••••• S••••••pooled vehicle sponsory
- C••••• F••••• L••••pooled vehicle sponsory
- C•• M••••••• L••pooled vehicle sponsory
- C••••••• H••••••• B•••••pooled vehicle sponsory
- D••••• A•••pooled vehicle sponsory
- G••• F••••• O••••• L••investment advisern
- G•••••• A••• D• A••••••pooled vehicle sponsory
- J••••• M••••••• T••••••pooled vehicle sponsory
- K••• C•••••• P••••••• L••y
- K••• C••••••••• L••• P••• M•••••• I• L••pooled vehicle sponsorn
- K••• C•• M•••••• I• L••pooled vehicle sponsorn
- K••• C•• O••••••• G• I• L•••pooled vehicle sponsorn
- K••• G••••• L•••• F••• G• I• L•••pooled vehicle sponsorn
- K••• G••••• L•••• G• I• L••pooled vehicle sponsorn
- K••• O••••••• C••••••••• L••• P••• I• G•• L•••pooled vehicle sponsorn
- K••• P•••••• I••••••••• L••n
- K••• V••••••• I••••••••• M••••••• L••pooled vehicle sponsorn
- K••• V••••••• M••••••• L••pooled vehicle sponsorn
- K•• 3• G• I•• L••pooled vehicle sponsorn
- K•• 3• G•• L•••pooled vehicle sponsorn
- K•• B••••••• I••••••••• M••••••• L••pooled vehicle sponsorn
- K•• B••••••• M••••••• L••pooled vehicle sponsorn
- K•• C••••••••• M••••••• L••pooled vehicle sponsorn
- K•• D••••••••• L••pooled vehicle sponsorn
- K•• G•••• O••••• M••••••• L••pooled vehicle sponsorn
- K•• H•••••• I••••••••• M••••••• L••pooled vehicle sponsorn
- K•• H•••••• M••••••• L••pooled vehicle sponsorn
- K•• K••••••• M••••••• L••pooled vehicle sponsorn
- K•• M•• M••••••• L••pooled vehicle sponsorn
- K•• M••••••••• G••••• P•••••••• M••••••• L••pooled vehicle sponsorn
Advisers that list K••• C•••••• M••••••••• I••• as a related person
- 152538 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Hallandale Beach, Fl · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Aspen, CO5 employees
What changed
consecutive filings, newest first
- Assets in custody · $2.6B to $2.6BMar 31, 2026 to Jun 4, 2026
- Private funds · 17 to 11Mar 31, 2026 to Jun 4, 2026
- Discretionary RAUM · $2.7B to $2.7BMar 31, 2026 to Jun 4, 2026
- HNW RAUM · $141M to $141MMar 31, 2026 to Jun 4, 2026
- Pooled vehicle RAUM · $2.7B to $2.7BMar 31, 2026 to Jun 4, 2026
- RAUM · $2.8B to $2.8BMar 31, 2026 to Jun 4, 2026
- Accounts · 62 to 56May 13, 2025 to Mar 31, 2026
- Advisory employees · 16 to 23May 13, 2025 to Mar 31, 2026
- HNW clients · 9 to 10May 13, 2025 to Mar 31, 2026
- Pooled vehicle clients · 52 to 43May 13, 2025 to Mar 31, 2026
- Assets in custody · $2.8B to $2.6BMay 13, 2025 to Mar 31, 2026
- State-registered IARs · 11 to 9May 13, 2025 to Mar 31, 2026
- Private funds · 14 to 17May 13, 2025 to Mar 31, 2026
- Discretionary RAUM · $2.9B to $2.7BMay 13, 2025 to Mar 31, 2026
- HNW RAUM · $208M to $141MMay 13, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $67.9M to $83.2MMay 13, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $2.8B to $2.7BMay 13, 2025 to Mar 31, 2026
- RAUM · $3.0B to $2.8BMay 13, 2025 to Mar 31, 2026
- Financial planning clients · unset to Mar 28, 2025 to May 13, 2025
- Accounts · 60 to 62Nov 27, 2024 to Mar 28, 2025
- Advisory employees · 20 to 16Nov 27, 2024 to Mar 28, 2025
- Pooled vehicle clients · 50 to 52Nov 27, 2024 to Mar 28, 2025
- Assets in custody · $2.5B to $2.8BNov 27, 2024 to Mar 28, 2025
- Employees · 63 to 53Nov 27, 2024 to Mar 28, 2025
- Private funds · 15 to 14Nov 27, 2024 to Mar 28, 2025
- Discretionary RAUM · $2.8B to $2.9BNov 27, 2024 to Mar 28, 2025
- HNW RAUM · $179M to $208MNov 27, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $69.5M to $67.9MNov 27, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $2.7B to $2.8BNov 27, 2024 to Mar 28, 2025
- RAUM · $2.9B to $3.0BNov 27, 2024 to Mar 28, 2025
- Related adviser · true to falseNov 27, 2024 to Mar 28, 2025
- Private funds · 14 to 15May 7, 2024 to Nov 27, 2024
- Accounts · 71 to 60Mar 1, 2024 to Mar 27, 2024
- Advisory employees · 19 to 20Mar 1, 2024 to Mar 27, 2024
- HNW clients · 17 to 9Mar 1, 2024 to Mar 27, 2024
- Pooled vehicle clients · 52 to 50Mar 1, 2024 to Mar 27, 2024
- Assets in custody · $2.2B to $2.5BMar 1, 2024 to Mar 27, 2024
- Employees · 66 to 63Mar 1, 2024 to Mar 27, 2024
- Private funds · 16 to 14Mar 1, 2024 to Mar 27, 2024
- Discretionary RAUM · $2.5B to $2.8BMar 1, 2024 to Mar 27, 2024
Signals
9 dated events
- R••••• S••••••• no longer holds an investment adviser registration (last listed at K••• C•••••• M••••••••• I••• on the 2026-09-15 feed)Sep 15, 2026 · Advisor registration ended · derived
- F•••••••• T•••• no longer holds an investment adviser registration (last listed at K••• C•••••• M••••••••• I••• on the 2026-09-15 feed)Sep 15, 2026 · Advisor registration ended · derived
- Bruno Piacentini (Chief Operating Officer) no longer on Schedule A of K••• C•••••• M••••••••• I••• (listed 2022-05-18, absent 2022-06-09)Jun 9, 2022 · Control person left · inference
- K••• C•••••• M••••••••• I••• reported RAUM $2.1B, up 31% from $1.6B (2021-08-13 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Santos Andre Esteves (Shareholder) no longer on Schedule A of K••• C•••••• M••••••••• I••• (listed 2021-08-13, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- R•••••• B•••• S••••••• (Shareholder) no longer on Schedule A of K••• C•••••• M••••••••• I••• (listed 2021-08-13, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- Santos Andre Esteves (Shareholder) appeared on Schedule A of K••• C•••••• M••••••••• I•••Jul 30, 2021 · Control person joined · fact
- R•••••• B•••• S••••••• (Shareholder) appeared on Schedule A of K••• C•••••• M••••••••• I•••Jul 30, 2021 · Control person joined · fact
- K••• C•••••• M••••••••• I••• reported RAUM $1.6B, up 54% from $1.0B (2020-12-03 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- K••• C•••••• M••••••••• I••• · Independent Sponsorsshared crd · capital_provider
- K••• C•••••• M••••••••• I••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/kawa-capital-managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- kawa.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 305-560-5200reportedpublic record, Form ADV, Jun 4, 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
- $352Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
K••• C•••••• M••••••••• I••• 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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