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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Former SEC-registered adviser

M• R••• L••

Former SEC-registered adviserDenver, ColoradoCRD 158689SEC 801-73000websiteIAPD
Latest filing May 17, 2024
First filing on the tape Dec 21, 2011 · 33 filings
SEC status approved since Jan 10, 2012
RAUM
$113M
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
22
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
$113M gross assets
History
33 filings and snapshots on the tape
RAUM$113M as of Mar 28, 2024
Mar 25, 2013$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2024
Mar 25, 20130 then
Employees (5.A)22 as of Mar 28, 2024
Mar 25, 201328 then
Private funds3 as of Mar 28, 2024
Mar 25, 20134 then
RAUM -46% over the last fiscal year-35% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 17, 2024; 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
$37.7MderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-46%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, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • 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$113M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, 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
      Private funds
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      M••••• G••••• F••• I•• L•Real Estate Fund$74.4M5Mar 31, 2021
      M••••• G••••• F••• I•• L••no longer reportedReal Estate Fund$50.7M7Mar 30, 2012
      M••••• G••••• F••• V•••• L•Real Estate Fund$38.4M8Mar 28, 2017
      M••••• G••••• F••• V• L••no longer reportedReal Estate Fund$10.6M6Mar 30, 2012
      M••••• G••••• F•••••• • F••••• V•••• L•••Real Estate Fund$231,0311Mar 28, 2017
      M••••• G••••• F••• V•• L••Real Estate Fund$08Mar 30, 2012
      M••••• G••••• F••• V••• L••Real Estate Fund$08Dec 21, 2011
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• N•••• G•••••• · Chief Operating Officercontrol
        since 02/2024 · owns less than 5%
      • F•••••• T•••••• A••••• · Chief Compliance Officercontrol
        since 10/2023 · owns less than 5%
      • M•••••• J••••• H••••• · President And Chief Executive Officercontrol
        since 01/1994 · owns 50% to 75%
      • M•••••• M••••• M••••••• · Chairman Emerituscontrol
        since 01/1994 · owns 50% to 75%
      • N••••••••• D••••• K•••• · Chief Development Officercontrol
        since 03/2009 · owns less than 5%
      • P••••• A•••• B•• · Chief Financial Officercontrol
        since 03/2024 · owns less than 5%
      Related persons
      Schedule D 7.A
      • G••••• D••••••••• C••••
        pooled vehicle sponsorn
      • M• F••• I• G•••••• P••••••• L••
        pooled vehicle sponsorn
      • M• F••• I• M••••••• L••
        pooled vehicle sponsorn
      • M• F••• V••• G•••••• P••••••• L••
        pooled vehicle sponsorn
      • M• F••• V••• M••••••• L••
        pooled vehicle sponsorn
      • M••• H••• H••••••••• L••
        investment companyn
      • M••••• G••••• P••••••••• L••
        pooled vehicle sponsorn
      • V••••• P••••••• S•••••••• L••
        investment companyn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 10 to 8
        Oct 6, 2023 to Mar 28, 2024
      • Employees · 24 to 22
        Oct 6, 2023 to Mar 28, 2024
      • Private funds · 5 to 3
        Oct 6, 2023 to Mar 28, 2024
      • Discretionary RAUM · $210M to $113M
        Oct 6, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $210M to $113M
        Oct 6, 2023 to Mar 28, 2024
      • RAUM · $210M to $113M
        Oct 6, 2023 to Mar 28, 2024
      • Accounts · 5 to 3
        Sep 28, 2022 to Mar 23, 2023
      • Advisory employees · 12 to 10
        Sep 28, 2022 to Mar 23, 2023
      • Pooled vehicle clients · 5 to 3
        Sep 28, 2022 to Mar 23, 2023
      • Employees · 27 to 24
        Sep 28, 2022 to Mar 23, 2023
      • Discretionary RAUM · $429M to $210M
        Sep 28, 2022 to Mar 23, 2023
      • Pooled vehicle RAUM · $429M to $210M
        Sep 28, 2022 to Mar 23, 2023
      • RAUM · $429M to $210M
        Sep 28, 2022 to Mar 23, 2023
      • Discretionary RAUM · $419M to $429M
        Mar 7, 2022 to Mar 23, 2022
      • Pooled vehicle RAUM · $419M to $429M
        Mar 7, 2022 to Mar 23, 2022
      • RAUM · $419M to $429M
        Mar 7, 2022 to Mar 23, 2022
      • Advisory employees · 14 to 12
        Mar 31, 2021 to Jul 30, 2021
      • Employees · 29 to 27
        Mar 31, 2021 to Jul 30, 2021
      • Advisory employees · 13 to 14
        Mar 30, 2020 to Mar 31, 2021
      • Employees · 28 to 29
        Mar 30, 2020 to Mar 31, 2021
      • Discretionary RAUM · $486M to $419M
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $486M to $419M
        Mar 30, 2020 to Mar 31, 2021
      • RAUM · $486M to $419M
        Mar 30, 2020 to Mar 31, 2021
      • Discretionary RAUM · $568M to $486M
        Mar 29, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $568M to $486M
        Mar 29, 2019 to Mar 30, 2020
      • RAUM · $568M to $486M
        Mar 29, 2019 to Mar 30, 2020
      • Advisory employees · 14 to 13
        Nov 15, 2018 to Mar 29, 2019
      • Employees · 31 to 28
        Nov 15, 2018 to Mar 29, 2019
      • Discretionary RAUM · $795M to $568M
        Nov 15, 2018 to Mar 29, 2019
      • Pooled vehicle RAUM · $795M to $568M
        Nov 15, 2018 to Mar 29, 2019
      • RAUM · $795M to $568M
        Nov 15, 2018 to Mar 29, 2019
      • Advisory employees · 15 to 14
        Sep 22, 2017 to Mar 23, 2018
      • Pooled vehicle clients · unset to 5.0
        Sep 22, 2017 to Mar 23, 2018
      • Employees · 32 to 31
        Sep 22, 2017 to Mar 23, 2018
      • Other offices · unset to 0.0
        Sep 22, 2017 to Mar 23, 2018
      • Discretionary RAUM · $1.0B to $795M
        Sep 22, 2017 to Mar 23, 2018
      • Pooled vehicle RAUM · unset to 794640941.0
        Sep 22, 2017 to Mar 23, 2018
      • RAUM · $1.0B to $795M
        Sep 22, 2017 to Mar 23, 2018
      • Accounts · 3 to 5
        Mar 28, 2016 to Mar 28, 2017
      • Private funds · 3 to 5
        Mar 28, 2016 to Mar 28, 2017
      Signals
      14 dated events
      • M• R••• L•• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $113.1M)
        May 2, 2025 · Left the SEC roster · derived
      • Ben Adam Pasha (Chief Financial Officer) appeared on Schedule A of M• R••• L••
        Mar 28, 2024 · Control person joined · fact
      • Garrett Neil Cohen (Chief Operating Officer) appeared on Schedule A of M• R••• L••
        Mar 28, 2024 · Control person joined · fact
      • Marshall Myron Miller (Chairman Emeritus) appeared on Schedule A of M• R••• L••
        Mar 28, 2024 · Control person joined · fact
      • Leighann Michelle Skar (Chief Financial Officer) no longer on Schedule A of M• R••• L•• (listed 2023-10-06, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • A••••• T••••• F••••• (Chief Compliance Officer) appeared on Schedule A of M• R••• L••
        Oct 6, 2023 · Control person joined · fact
      • Marshall Myron Miller (Chairman) no longer on Schedule A of M• R••• L•• (listed 2023-07-27, absent 2023-07-27)
        Jul 27, 2023 · Control person left · inference
      • M• R••• L•• reported RAUM $210.5M, down 51% from $428.8M (2022-09-28 to 2023-03-23)
        Mar 23, 2023 · RAUM change · derived
      • Brian Paul Hogan (Chief Portfolio Manager) no longer on Schedule A of M• R••• L•• (listed 2022-09-28, absent 2023-03-23)
        Mar 23, 2023 · Control person left · inference
      • Matthew Joseph Haley (Executive Vice President, Acquisitions) no longer on Schedule A of M• R••• L•• (listed 2022-03-02, absent 2022-03-07)
        Mar 7, 2022 · Control person left · inference
      • Leslie William Lawrence (Chief Operating Officer) no longer on Schedule A of M• R••• L•• (listed 2021-03-31, absent 2021-07-30)
        Jul 30, 2021 · Control person left · inference
      • William Peter Savoie (Chief Investment Officer) no longer on Schedule A of M• R••• L•• (listed 2020-03-30, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Matthew Joseph Haley (Executive Vice President, Acquisitions) appeared on Schedule A of M• R••• L••
        Mar 31, 2021 · Control person joined · fact
      • M• R••• L•• reported RAUM $567.9M, down 29% from $794.6M (2018-11-15 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      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
      Across the graphs

      M• R••• L•• 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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