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
P••••••• V••••••••• A•••••••• L•••
Latest filing Mar 19, 2026
First filing on the tape Feb 14, 2012 · 29 filings
SEC status approved since Mar 30, 2012
RAUM
$6.0B
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
51
19 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
1
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$6.0B as of Mar 19, 2026
Mar 28, 2013$3.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 19, 2026
Mar 28, 20130 then
Employees (5.A)51 as of Mar 19, 2026
Mar 28, 201334 then
Private funds1 as of Mar 19, 2026
Mar 28, 20131 then
RAUM -33% over the last fiscal year-38% a year over threeIARs 0 to 0offices 2 to 3
Practice profile
derived from the filing of Mar 19, 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
- $2.0BderivedRAUM 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
- unknownderived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- -33%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, otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $6.0B, 3 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)
- 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$6.0B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 3reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $6.0B for 3 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true 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)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P••••••• M••••• F•••• L• | Hedge Fund | $8.1B | 146 | Feb 14, 2012 |
| C••• R• M••••• F•••• L•no longer reported | Hedge Fund | $896M | 15 | Mar 30, 2021 |
| C••••• A•••• M••••• F•••• L•no longer reported | Hedge Fund | $289M | 18 | Aug 22, 2018 |
| C••••• D•••• M••••• F•••• L•no longer reported | Hedge Fund | $9.8M | 5 | Feb 22, 2022 |
Owners and control persons
Schedule A and B, latest filing
- A••••••••• J•••• C••••••• · Chief Operating Officer, Limited Partnercontrolsince 09/2000 · owns 10% to 25%
- B•••••••• W••••••• F•••••••• · Chief Executive Officer, Limited Partnercontrolsince 05/1996 · owns 25% to 50%
- C•••• E•••••• K•••• · Chief Compliance Officercontrolsince 01/2018 · owns less than 5%
- H••••••••• S••••••• D••••• · Principal Portfolio Manager, Limited Partnercontrolsince 08/2003 · owns 25% to 50%
- A••••••••• J•••• C••••••• · Manager, Membercontrolsince 11/2016 · owns F of P••••••• V••••••••• A••••••• G•• L••
- B•••••••• W••••••• F•••••••• · Manager, Membercontrolsince 09/2014 · owns 25% to 50% of P••••••• V••••••••• A••••••• G•• L••
- H••••••••• S••••••• D••••• · Manager, Membercontrolsince 09/2014 · owns 25% to 50% of P••••••• V••••••••• A••••••• G•• L••
Entity owners
- P••••••• V••••••••• A••••••• G•• L•• · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- P••••••• P•••••••• L••bankpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- Jackson, WY1 employees
- Las Vegas, NV1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Mar 19, 2026RAUM (Item 5.F) moved from $8,934,161,600 to $5,979,806,000 (-33.0%) between the annual amendments of 2025-03-25 and 2026-03-19; the peer median change was +13.0% (631 comparable advisers, 2.0th percentile of changes)peers: asset managers, $5B to $20B (631) · 1.6% percentile
Data quality: the 2026-06-30 holdings report shows $58,866,296,771 across 1502 positions while Form ADV reports RAUM of $5,979,806,000 (9.8x); one of the two is misfiled, misattributed or in the wrong unit
What changed
consecutive filings, newest first
- Assets in custody · $8.9B to $6.0BMar 25, 2025 to Mar 19, 2026
- Employees · 52 to 51Mar 25, 2025 to Mar 19, 2026
- Other offices · 2 to 3Mar 25, 2025 to Mar 19, 2026
- Discretionary RAUM · $8.9B to $6.0BMar 25, 2025 to Mar 19, 2026
- Pooled vehicle RAUM · $8.9B to $6.0BMar 25, 2025 to Mar 19, 2026
- RAUM · $8.9B to $6.0BMar 25, 2025 to Mar 19, 2026
- Advisory employees · 26 to 19Oct 29, 2024 to Mar 25, 2025
- Assets in custody · $8.1B to $8.9BOct 29, 2024 to Mar 25, 2025
- Employees · 71 to 52Oct 29, 2024 to Mar 25, 2025
- Financial planning clients · unset to Oct 29, 2024 to Mar 25, 2025
- Discretionary RAUM · $8.1B to $8.9BOct 29, 2024 to Mar 25, 2025
- Pooled vehicle RAUM · $8.1B to $8.9BOct 29, 2024 to Mar 25, 2025
- RAUM · $8.1B to $8.9BOct 29, 2024 to Mar 25, 2025
- Accounts · 6 to 3Jul 12, 2023 to Mar 26, 2024
- Advisory employees · 35 to 26Jul 12, 2023 to Mar 26, 2024
- Pooled vehicle clients · 6 to 3Jul 12, 2023 to Mar 26, 2024
- Assets in custody · $25B to $8.1BJul 12, 2023 to Mar 26, 2024
- Employees · 74 to 71Jul 12, 2023 to Mar 26, 2024
- Private funds · 2 to 1Jul 12, 2023 to Mar 26, 2024
- Discretionary RAUM · $25B to $8.1BJul 12, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $25B to $8.1BJul 12, 2023 to Mar 26, 2024
- RAUM · $25B to $8.1BJul 12, 2023 to Mar 26, 2024
- Accounts · 9 to 6Jun 24, 2022 to Mar 30, 2023
- Advisory employees · 27 to 35Jun 24, 2022 to Mar 30, 2023
- Pooled vehicle clients · 9 to 6Jun 24, 2022 to Mar 30, 2023
- Assets in custody · $18B to $25BJun 24, 2022 to Mar 30, 2023
- Employees · 71 to 74Jun 24, 2022 to Mar 30, 2023
- Other offices · 0 to 2Jun 24, 2022 to Mar 30, 2023
- Private funds · 3 to 2Jun 24, 2022 to Mar 30, 2023
- Discretionary RAUM · $18B to $25BJun 24, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $18B to $25BJun 24, 2022 to Mar 30, 2023
- RAUM · $18B to $25BJun 24, 2022 to Mar 30, 2023
- Accounts · 3 to 9Feb 22, 2022 to Mar 31, 2022
- Advisory employees · 20 to 27Feb 22, 2022 to Mar 31, 2022
- Pooled vehicle clients · 3 to 9Feb 22, 2022 to Mar 31, 2022
- Assets in custody · $21B to $18BFeb 22, 2022 to Mar 31, 2022
- Employees · 66 to 71Feb 22, 2022 to Mar 31, 2022
- Discretionary RAUM · $21B to $18BFeb 22, 2022 to Mar 31, 2022
- Pooled vehicle RAUM · $21B to $18BFeb 22, 2022 to Mar 31, 2022
- RAUM · $21B to $18BFeb 22, 2022 to Mar 31, 2022
Signals
8 dated events
- P••••••• V••••••••• A•••••••• L••• reported RAUM $6.0B, down 33% from $8.9B (2025-03-25 to 2026-03-19)Mar 19, 2026 · RAUM change · derived
- Jiang Yongjia Sollers (Chief Financial Officer) no longer on Schedule A of P••••••• V••••••••• A•••••••• L••• (listed 2024-05-08, absent 2024-10-29)Oct 29, 2024 · Control person left · inference
- P••••••• V••••••••• A•••••••• L••• reported RAUM $8.1B, down 67% from $24.6B (2023-07-12 to 2024-03-26)Mar 26, 2024 · RAUM change · derived
- Jiang Yongjia Sollers (Chief Financial Officer) appeared on Schedule A of P••••••• V••••••••• A•••••••• L•••Mar 26, 2024 · Control person joined · fact
- P••••••• V••••••••• A•••••••• L••• reported RAUM $24.6B, up 35% from $18.2B (2022-06-24 to 2023-03-30)Mar 30, 2023 · RAUM change · derived
- P••••••• V••••••••• A•••••••• L••• reported RAUM $20.8B, up 86% from $11.2B (2020-03-26 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- P••••••• V••••••••• A•••••••• L••• reported RAUM $13.5B, up 58% from $8.6B (2018-08-22 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- P••••••• V••••••••• A•••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Oct 27, 2014 · Succession (Item 4) · 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
- Firm profile
- linkedin.com/company/parallax-volatility-advisers-llcreportedpublic record, Form ADV, Sep 19, 2026
- Website
- P•••••••FUND.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 415-445-6646reportedpublic record, Form ADV, Mar 19, 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