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

N•• E••••• T••••••••• P•••••••

Former SEC-registered adviserWashington, District of ColumbiaCRD 158228SEC 801-73928IAPD
Legal name E••••• T••••••••• P•••••••• L••
Latest filing Mar 30, 2022
First filing on the tape Feb 14, 2012 · 13 filings
RAUM
$93.4M
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
5
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
$93.4M gross assets
History
13 filings and snapshots on the tape
RAUM$93.4M as of Mar 30, 2022
Apr 1, 2013$400M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 30, 2022
Apr 1, 20130 then
Employees (5.A)5 as of Mar 30, 2022
Apr 1, 201312 then
Private funds1 as of Mar 30, 2022
Apr 1, 20132 then
RAUM -3.1% over the last fiscal year-12% a year over threeIARs 0 to 1
Practice profile
derived from the filing of Mar 30, 2022; every figure names its basis
RAUM per advisor
$93.4MderivedRAUM 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
$93.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-3.1%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$93.4M, 1 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$93.4M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$93.4M for 1 clientsreported
Compensation
fixed, 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
      N•• E••••• T••••••••• P••••••• I•• L•••Private Equity Fund$100M62Feb 14, 2012
      N•• E••••• T••••••••• P•••••••• L•••no longer reportedPrivate Equity Fund$51.3M91Feb 14, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • D•••••• P•••••• J••••• · Chief Executive Officer And Membercontrol
        since 09/2005 · owns 75% or more
      • M••••••• R•••• J•••••• · Chief Financial Officer
        since 09/2008 · owns less than 5%
      • P••• J•••• · Chief Compliance Officer
        since 01/2021 · owns less than 5%
      Related persons
      Schedule D 7.A
      • Ngp
        investment adviserpooled vehicle sponsornRAUM $11B
      Advisers that list N•• E••••• T••••••••• P••••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Palo Alto, CA1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 5 to 4
        Mar 29, 2021 to Mar 30, 2022
      • Assets in custody · $67.3M to $93.4M
        Mar 29, 2021 to Mar 30, 2022
      • Employees · 6 to 5
        Mar 29, 2021 to Mar 30, 2022
      • Insurance-licensed employees · 0 to 1
        Mar 29, 2021 to Mar 30, 2022
      • State-registered IARs · 0 to 1
        Mar 29, 2021 to Mar 30, 2022
      • Discretionary RAUM · $96.4M to $93.4M
        Mar 29, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $96.4M to $93.4M
        Mar 29, 2021 to Mar 30, 2022
      • RAUM · $96.4M to $93.4M
        Mar 29, 2021 to Mar 30, 2022
      • Assets in custody · $0 to $67.3M
        Mar 29, 2020 to Mar 29, 2021
      • Custody of client assets · false to true
        Mar 29, 2020 to Mar 29, 2021
      • Financial planning clients · 1-10 to unset
        Mar 29, 2020 to Mar 29, 2021
      • Discretionary RAUM · $119M to $96.4M
        Mar 29, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $119M to $96.4M
        Mar 29, 2020 to Mar 29, 2021
      • RAUM · $119M to $96.4M
        Mar 29, 2020 to Mar 29, 2021
      • Other offices · 0 to 1
        Mar 29, 2019 to Mar 28, 2020
      • Discretionary RAUM · $137M to $119M
        Mar 29, 2019 to Mar 28, 2020
      • Pooled vehicle RAUM · $137M to $119M
        Mar 29, 2019 to Mar 28, 2020
      • RAUM · $137M to $119M
        Mar 29, 2019 to Mar 28, 2020
      • Accounts · 2 to 1
        Mar 30, 2018 to Mar 29, 2019
      • Pooled vehicle clients · 2 to 1
        Mar 30, 2018 to Mar 29, 2019
      • Custody of client assets · true to false
        Mar 30, 2018 to Mar 29, 2019
      • Financial planning clients · unset to 1-10
        Mar 30, 2018 to Mar 29, 2019
      • Private funds · 2 to 1
        Mar 30, 2018 to Mar 29, 2019
      • Discretionary RAUM · $210M to $137M
        Mar 30, 2018 to Mar 29, 2019
      • Pooled vehicle RAUM · $210M to $137M
        Mar 30, 2018 to Mar 29, 2019
      • RAUM · $210M to $137M
        Mar 30, 2018 to Mar 29, 2019
      • Charity clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Corporate clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • HNW clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Individual clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pension plan clients · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 2.0
        Mar 31, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Mar 31, 2017 to Mar 30, 2018
      • Discretionary RAUM · $260M to $210M
        Mar 31, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 209722388.0
        Mar 31, 2017 to Mar 30, 2018
      • RAUM · $260M to $210M
        Mar 31, 2017 to Mar 30, 2018
      • Advisory employees · 8 to 5
        Mar 29, 2016 to Mar 31, 2017
      • Assets in custody · unset to 0.0
        Mar 29, 2016 to Mar 31, 2017
      • Custody of client assets · false to true
        Mar 29, 2016 to Mar 31, 2017
      • Employees · 8 to 6
        Mar 29, 2016 to Mar 31, 2017
      Signals
      1 dated events
      • David Bruce Schulman (Managing Partner) no longer on Schedule A of N•• E••••• T••••••••• P••••••• (listed 2019-03-29, absent 2020-03-28)
        Mar 28, 2020 · Control person left · inference
      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