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

B•••••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Wayne, PennsylvaniaCRD 157841SEC 801-77657websiteIAPD
Latest filing Jul 16, 2026
First filing on the tape Feb 14, 2013 · 55 filings
SEC status approved since Feb 25, 2013
RAUM
$390M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.4%
$5.6M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$390M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
55 filings and snapshots on the tape
RAUM$390M as of Jul 16, 2026
Mar 28, 2014$194M then
HNW client RAUM$5.0M as of Jul 16, 2026
Mar 28, 2018$85.2M then
State-registered IARs (5.B.3)2 as of Jul 16, 2026
Mar 28, 20147 then
Employees (5.A)4 as of Jul 16, 2026
Mar 28, 20147 then
Private funds1 as of Jul 16, 2026
Mar 24, 20152 then
RAUM +11% over the last fiscal year+17% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Jul 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one a••••••, or a wealth manager with up to three a••••••s and one office
RAUM per advisor
$390MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
5derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.0MderivedHNW RAUM over HNW clients
Average account
$39.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-71%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, otherreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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
  • Investment companies$353M90%
  • Pooled investment vehicles$31.8M8.2%
  • High-net-worth individuals$5.0M1.3%
  • Individuals$570,6890.1%
Individual clients
4reported
HNW clients
1reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
10reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.01 fund_share=0.99 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• C• S•••••••San Juan, Pr Feb 14, 201324 y3
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
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    2 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    A•••• F••• L•Hedge Fund$36.1M25Nov 19, 2014
    P•••••• P••••• L•Hedge Fund$2.8M3Mar 29, 2021
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••• W•••• C••••••••• · Chief Compliance Officercontrol
      since 04/2023 · owns less than 5%
    • S•••••••• B••••• C• · Chief Executive Officercontrol
      since 09/2012 · owns less than 5%
    • S•••••••• B••••• C• · Ownercontrol
      since 09/2012 · owns 75% or more of R• P•••••••• I•••
    Entity owners
    • R• P•••••••• I••• · Member (S Corporation)
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Offices
    Schedule D 1.F, the 25 largest
    • Humacao, PR2 employees
    What changed
    consecutive filings, newest first
    • Accounts · 96 to 10
      Mar 31, 2025 to Mar 23, 2026
    • Advisory employees · 4 to 2
      Mar 31, 2025 to Mar 23, 2026
    • BD registered reps · 4 to 2
      Mar 31, 2025 to Mar 23, 2026
    • Individual clients · 16 to 4
      Mar 31, 2025 to Mar 23, 2026
    • Pooled vehicle clients · 2 to 1
      Mar 31, 2025 to Mar 23, 2026
    • Private funds · 2 to 1
      Mar 31, 2025 to Mar 23, 2026
    • Discretionary RAUM · $352M to $390M
      Mar 31, 2025 to Mar 23, 2026
    • HNW RAUM · $196,328 to $5.0M
      Mar 31, 2025 to Mar 23, 2026
    • Individual RAUM · $1.5M to $570,689
      Mar 31, 2025 to Mar 23, 2026
    • Pooled vehicle RAUM · $37.0M to $31.8M
      Mar 31, 2025 to Mar 23, 2026
    • RAUM · $352M to $390M
      Mar 31, 2025 to Mar 23, 2026
    • Accounts · 174 to 96
      Mar 18, 2024 to Mar 31, 2025
    • a••••••y activity count · 4 to 5
      Mar 18, 2024 to Mar 31, 2025
    • HNW clients · 171 to 1
      Mar 18, 2024 to Mar 31, 2025
    • Individual clients · 0 to 16
      Mar 18, 2024 to Mar 31, 2025
    • Insurance-licensed employees · 2 to 0
      Mar 18, 2024 to Mar 31, 2025
    • fin p••••••• clients · unset to
      Mar 18, 2024 to Mar 31, 2025
    • Discretionary RAUM · $281M to $352M
      Mar 18, 2024 to Mar 31, 2025
    • HNW RAUM · $14.2M to $196,328
      Mar 18, 2024 to Mar 31, 2025
    • Individual RAUM · $0 to $1.5M
      Mar 18, 2024 to Mar 31, 2025
    • Pooled vehicle RAUM · $38.8M to $37.0M
      Mar 18, 2024 to Mar 31, 2025
    • RAUM · $281M to $352M
      Mar 18, 2024 to Mar 31, 2025
    • Accounts · 253 to 174
      Sep 25, 2023 to Mar 18, 2024
    • HNW clients · 250 to 171
      Sep 25, 2023 to Mar 18, 2024
    • Discretionary RAUM · $225M to $281M
      Sep 25, 2023 to Mar 18, 2024
    • HNW RAUM · $15.1M to $14.2M
      Sep 25, 2023 to Mar 18, 2024
    • Pooled vehicle RAUM · $42.6M to $38.8M
      Sep 25, 2023 to Mar 18, 2024
    • RAUM · $225M to $281M
      Sep 25, 2023 to Mar 18, 2024
    • Accounts · 341 to 253
      Apr 20, 2023 to Sep 25, 2023
    • HNW clients · 341 to 250
      Apr 20, 2023 to Sep 25, 2023
    • Assets in custody · 45200000.0 to unset
      Apr 20, 2023 to Sep 25, 2023
    • Custody of client assets · true to false
      Apr 20, 2023 to Sep 25, 2023
    • Discretionary RAUM · $243M to $225M
      Apr 20, 2023 to Sep 25, 2023
    • HNW RAUM · $18.1M to $15.1M
      Apr 20, 2023 to Sep 25, 2023
    • Pooled vehicle RAUM · $45.2M to $42.6M
      Apr 20, 2023 to Sep 25, 2023
    • RAUM · $243M to $225M
      Apr 20, 2023 to Sep 25, 2023
    • Accounts · 344 to 341
      Mar 21, 2023 to Mar 29, 2023
    • Assets in custody · unset to 45200000.0
      Mar 21, 2023 to Mar 29, 2023
    • Custody of client assets · false to true
      Mar 21, 2023 to Mar 29, 2023
    • Discretionary RAUM · $265M to $243M
      Mar 21, 2023 to Mar 29, 2023
    Signals
    10 dated events
    • A••••• Lee C•••• (Owner) no longer on Schedule A of B•••••••• C•••••• M••••••••• L•• (listed 2023-04-20, absent 2023-09-25)
      Sep 25, 2023 · Control person left · inference
    • C••••••••• W••• B••••• (Chief Compliance Officer) appeared on Schedule A of B•••••••• C•••••• M••••••••• L••
      Apr 20, 2023 · Control person joined · fact
    • E••••• D•••• M•••••• (Chief Compliance Officer) no longer on Schedule A of B•••••••• C•••••• M••••••••• L•• (listed 2023-03-29, absent 2023-04-10)
      Apr 10, 2023 · Control person left · inference
    • B•••••••• C•••••• M••••••••• L•• reported RAUM $217.4M, down 87% from $1.7B (2022-07-14 to 2022-09-22)
      Sep 22, 2022 · RAUM change · derived
    • A••••• J• G••••••• left B•••••••• C•••••• M••••••••• L•• for A•••• C•••••• (registered 2020-01-02)
      Jun 30, 2022 · a•••••• firm change · fact
    • B•••••••• C•••••• M••••••••• L•• reported RAUM $1.7B, down 26% from $2.3B (2021-03-31 to 2022-03-27)
      Mar 27, 2022 · RAUM change · derived
    • E••••• D•••• M•••••• (Chief Compliance Officer) appeared on Schedule A of B•••••••• C•••••• M••••••••• L••
      Oct 28, 2020 · Control person joined · fact
    • R•••••• K•••••• S•••• (Cco) no longer on Schedule A of B•••••••• C•••••• M••••••••• L•• (listed 2020-08-26, absent 2020-10-28)
      Oct 28, 2020 · Control person left · inference
    • B•••••••• C•••••• M••••••••• L•• reported 8 state-registered a••••••y representatives, down from 20 (2019-10-18 to 2020-03-27)
      Mar 27, 2020 · ria a•••••• headcount change · derived
    • B•••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
      Feb 14, 2013 · ria f•••• adv filing · 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
    H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    610-337-6500reportedpublic record, Form ADV, Jul 16, 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
    $390Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026