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••••• C••••••

Wealth manager with institutional or fund businessCarlsbad, New MexicoCRD 158540SEC 801-120968websiteIAPD
Legal name P••••• C••••••• L••
Latest filing Apr 14, 2026
First filing on the tape Mar 26, 2021 · 18 filings
SEC status approved since Apr 26, 2021
RAUM
$287M
reported, Item 5.F
Discretionary
57%
of RAUM
Private clients
33%
$94.9M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$95.7M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$287M as of Apr 14, 2026
Mar 31, 2022$159M then
HNW client RAUM$93.3M as of Apr 14, 2026
Mar 31, 2022$69.6M then
State-registered IARs (5.B.3)3 as of Apr 14, 2026
Mar 31, 20224 then
Employees (5.A)5 as of Apr 14, 2026
Mar 31, 20227 then
Private funds6 as of Apr 14, 2026
Mar 31, 20222 then
RAUM +32% over the last fiscal year+41% a year over threeIARs 3 to 3offices 1 to 0
Practice profile
derived from the filing of Apr 14, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$95.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
21derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$4.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
57%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+32%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+36%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$22.1M, 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)
  • 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$145M51%
  • High-net-worth individuals$93.3M33%
  • Investment companies$47.1M16%
  • Individuals$1.6M0.5%
Individual clients
14reported
HNW clients
50reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
71reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$22.1M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.33 fund_share=0.67 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• D•••••• P•••••Chartered Financial AnalystCarlsbad, NmAug 29, 201217 y0
A•••••••• B••••••••Houston, TxSep 3, 202113 y0
M•••••• E••••• C•••••Carlsbad, Nm Jan 2, 202612 y0
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      7 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • P•••••• M••••••• D•••••• · President And Chief Executive Officer | Managing Membercontrol
        since 06/2011 · owns 75% or more
      • L•••• J•••••• T•••• · Chief Compliance Officer
        since 02/2024 · owns less than 5%
      Related persons
      Schedule D 7.A
      • P••••• C•••••• P•••••••• L••
        bankpooled vehicle sponsorn
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Carlsbad, Nm · principal210
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $207M to $164M
        Mar 27, 2026 to Apr 14, 2026
      • HNW RAUM · $136M to $93.3M
        Mar 27, 2026 to Apr 14, 2026
      • RAUM · $330M to $287M
        Mar 27, 2026 to Apr 14, 2026
      • Accounts · 55 to 71
        Mar 28, 2025 to Mar 27, 2026
      • Advisory employees · 5 to 2
        Mar 28, 2025 to Mar 27, 2026
      • HNW clients · 32 to 50
        Mar 28, 2025 to Mar 27, 2026
      • Individual clients · 15 to 14
        Mar 28, 2025 to Mar 27, 2026
      • Pooled vehicle clients · 7 to 6
        Mar 28, 2025 to Mar 27, 2026
      • Assets in custody · $27.4M to $22.1M
        Mar 28, 2025 to Mar 27, 2026
      • Employees · 7 to 5
        Mar 28, 2025 to Mar 27, 2026
      • HQ city · SCOTTSDALE to CARLSBAD
        Mar 28, 2025 to Mar 27, 2026
      • HQ state · AZ to NM
        Mar 28, 2025 to Mar 27, 2026
      • Other offices · 1 to 0
        Mar 28, 2025 to Mar 27, 2026
      • Private funds · 7 to 6
        Mar 28, 2025 to Mar 27, 2026
      • Discretionary RAUM · $147M to $207M
        Mar 28, 2025 to Mar 27, 2026
      • HNW RAUM · $84.1M to $136M
        Mar 28, 2025 to Mar 27, 2026
      • Individual RAUM · $2.1M to $1.6M
        Mar 28, 2025 to Mar 27, 2026
      • Non-discretionary RAUM · $70.3M to $123M
        Mar 28, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $97.9M to $145M
        Mar 28, 2025 to Mar 27, 2026
      • RAUM · $217M to $330M
        Mar 28, 2025 to Mar 27, 2026
      • Related bank · true to false
        Mar 28, 2025 to Mar 27, 2026
      • Accounts · 82 to 55
        Oct 16, 2024 to Mar 28, 2025
      • HNW clients · 33 to 32
        Oct 16, 2024 to Mar 28, 2025
      • Individual clients · 6 to 15
        Oct 16, 2024 to Mar 28, 2025
      • Assets in custody · $36.9M to $27.4M
        Oct 16, 2024 to Mar 28, 2025
      • Employees · 6 to 7
        Oct 16, 2024 to Mar 28, 2025
      • Financial planning clients · 0 to 0
        Oct 16, 2024 to Mar 28, 2025
      • State-registered IARs · 2 to 3
        Oct 16, 2024 to Mar 28, 2025
      • Other offices · 2 to 1
        Oct 16, 2024 to Mar 28, 2025
      • Discretionary RAUM · $118M to $147M
        Oct 16, 2024 to Mar 28, 2025
      • HNW RAUM · $80.0M to $84.1M
        Oct 16, 2024 to Mar 28, 2025
      • Individual RAUM · $1.2M to $2.1M
        Oct 16, 2024 to Mar 28, 2025
      • Non-discretionary RAUM · $42.8M to $70.3M
        Oct 16, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $79.8M to $97.9M
        Oct 16, 2024 to Mar 28, 2025
      • RAUM · $161M to $217M
        Oct 16, 2024 to Mar 28, 2025
      • HQ city · RANCHO SANTA FE to SCOTTSDALE
        Jul 17, 2024 to Oct 16, 2024
      • HQ state · CA to AZ
        Jul 17, 2024 to Oct 16, 2024
      • Accounts · 69 to 82
        Sep 1, 2023 to Mar 28, 2024
      • HNW clients · 52 to 33
        Sep 1, 2023 to Mar 28, 2024
      • Individual clients · 12 to 6
        Sep 1, 2023 to Mar 28, 2024
      Signals
      5 dated events
      • P••••• C•••••• reported RAUM $329.8M, up 52% from $217.4M (2025-03-28 to 2026-03-27)
        Mar 27, 2026 · RAUM change · derived
      • Eissey Michael Ciklin (Portfolio Manager | Chief Compliance Officer) no longer on Schedule A of P••••• C•••••• (listed 2023-09-01, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • M••••• J•••• S••••• (Head Of Business Development And Chief Compliance Officer) no longer on Schedule A of P••••• C•••••• (listed 2022-06-06, absent 2022-10-03)
        Oct 3, 2022 · Control person left · inference
      • M••••• J•••• S••••• (Head Of Business Development And Chief Compliance Officer) appeared on Schedule A of P••••• C••••••
        Jul 8, 2021 · Control person joined · fact
      • P••••• C•••••• filed its initial SEC registration (Form ADV)
        Mar 26, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Business phone
      575-725-1978reportedpublished by the firm, firm site, Sep 15, 2026
      Firm profile
      linkedin.com/company/perinicapitalllc/aboutreportedpublic record, Form ADV, Sep 18, 2026
      Website
      P•••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      575-725-1978reportedpublic record, Form ADV, Apr 14, 2026
      Team page
      perinicapital.com/teamreportedpublished by the firm, firm site, Sep 15, 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
      Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $95.7Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026