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•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Orinda, CaliforniaCRD 159042SEC 801-80466websiteIAPD
Latest filing Mar 10, 2026
First filing on the tape Oct 7, 2014 · 34 filings
SEC status approved since Oct 27, 2014
RAUM
$18B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$1.9B
derived; firm RAUM over IAPD count
Employees
16
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$18B as of Mar 10, 2026
Mar 4, 2015$102M then
HNW client RAUM: no history
State-registered IARs (5.B.3)9 as of Mar 10, 2026
Mar 4, 20154 then
Employees (5.A)16 as of Mar 10, 2026
Mar 4, 20157 then
Private funds: no history
RAUM +52% over the last fiscal year+44% a year over threeIARs 10 to 9
Practice profile
derived from the filing of Mar 10, 2026; every figure names its basis
RAUM per advisor
$1.9BderivedRAUM 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
$357MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
3.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+52%derivedbetween the last two annual amendments
Advisor growth, one year
-10%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$18B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
49reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=11.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D••••• A•••• L•••••••Chartered Financial AnalystOrinda, CaJan 4, 201825 y4
A•••••• N•• C•••••••Orinda, CaJan 4, 201822 y2
J•••• N•• M•••••••Orinda, CaJan 4, 201825 y2
E•••••• D•••• T•••Chartered Financial AnalystOrinda, CaJan 5, 201817 y2
K•••• P•••••• M••••••••Orinda, CaJan 5, 201820 y2
L•• W••••• G•••••Orinda, CaSep 21, 202239 y0
A•• A•••Orinda, CaDec 14, 202211 y0
C•••••••• M•••• J•••••••Chartered Financial AnalystOrinda, CaMar 17, 202313 y0
K•••••••• S•••• D••••Orinda, CaJan 27, 202517 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
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C•••••••• A•••••• · Chief Compliance Officer And Risk Managercontrol
    since 08/2011 · owns less than 5%
  • L•••••••• D•••••• A•••• · Managing Directorcontrol
    since 09/2014 · owns 25% to 50%
  • M•••••••• G•••••• N•• · President And Ceocontrol
    since 08/2009 · owns less than 5%
  • M•••••••• G••••• · Presidentcontrol
    since 12/2007 · owns 25% to 50% of P••••••• S••••••••• LLC
  • D••••• A••••• A••• · Portfolio Manager
    since 02/2018 · owns less than 5%
  • T•••• E••••••• D•••• · Managing Director
    since 03/2016 · owns 5% to 10%
Entity owners
  • P••••••• F•••••••• V••••••• · Holding Company
    direct · owns 10% to 25%
Related persons
Schedule D 7.A
Advisers that list P••••••• C•••••• M••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Orinda, Ca · principal900
Offices
Schedule D 1.F, the 25 largest
  • New York, NY3 employees
  • Chicago, IL1 employees
What changed
consecutive filings, newest first
  • Accounts · 44 to 49
    Jul 21, 2025 to Mar 10, 2026
  • Insurance-licensed employees · 8 to 7
    Jul 21, 2025 to Mar 10, 2026
  • State-registered IARs · 10 to 9
    Jul 21, 2025 to Mar 10, 2026
  • Discretionary RAUM · $12B to $18B
    Jul 21, 2025 to Mar 10, 2026
  • RAUM · $12B to $18B
    Jul 21, 2025 to Mar 10, 2026
  • Financial planning clients · 0 to 0
    Mar 27, 2025 to Jul 21, 2025
  • Advisory employees · 8 to 7
    Jan 28, 2025 to Mar 27, 2025
  • Advisory activities · 2 to 1
    Jan 28, 2025 to Mar 27, 2025
  • BD registered reps · 12 to 11
    Jan 28, 2025 to Mar 27, 2025
  • Employees · 14 to 16
    Jan 28, 2025 to Mar 27, 2025
  • Insurance-licensed employees · 4 to 8
    Jan 28, 2025 to Mar 27, 2025
  • State-registered IARs · 8 to 10
    Jan 28, 2025 to Mar 27, 2025
  • Discretionary RAUM · $11B to $12B
    Jan 28, 2025 to Mar 27, 2025
  • RAUM · $11B to $12B
    Jan 28, 2025 to Mar 27, 2025
  • Accounts · 51 to 44
    Jul 22, 2024 to Jan 28, 2025
  • Discretionary RAUM · $11B to $11B
    Jul 22, 2024 to Jan 28, 2025
  • RAUM · $11B to $11B
    Jul 22, 2024 to Jan 28, 2025
  • Accounts · 39 to 51
    Mar 15, 2024 to Jul 22, 2024
  • Employees · 13 to 14
    Mar 15, 2024 to Jul 22, 2024
  • Discretionary RAUM · $6.7B to $11B
    Mar 15, 2024 to Jul 22, 2024
  • RAUM · $6.7B to $11B
    Mar 15, 2024 to Jul 22, 2024
  • Accounts · 42 to 39
    Mar 27, 2023 to Mar 15, 2024
  • Advisory employees · 7 to 8
    Mar 27, 2023 to Mar 15, 2024
  • BD registered reps · 11 to 12
    Mar 27, 2023 to Mar 15, 2024
  • Employees · 12 to 13
    Mar 27, 2023 to Mar 15, 2024
  • State-registered IARs · 7 to 8
    Mar 27, 2023 to Mar 15, 2024
  • Discretionary RAUM · $5.8B to $6.7B
    Mar 27, 2023 to Mar 15, 2024
  • RAUM · $5.8B to $6.7B
    Mar 27, 2023 to Mar 15, 2024
  • Accounts · 39 to 42
    Mar 31, 2022 to Mar 15, 2023
  • Advisory employees · 5 to 7
    Mar 31, 2022 to Mar 15, 2023
  • BD registered reps · 9 to 11
    Mar 31, 2022 to Mar 15, 2023
  • Employees · 10 to 12
    Mar 31, 2022 to Mar 15, 2023
  • Insurance-licensed employees · 5 to 4
    Mar 31, 2022 to Mar 15, 2023
  • State-registered IARs · 5 to 7
    Mar 31, 2022 to Mar 15, 2023
  • Discretionary RAUM · $5.9B to $5.8B
    Mar 31, 2022 to Mar 15, 2023
  • RAUM · $5.9B to $5.8B
    Mar 31, 2022 to Mar 15, 2023
  • Accounts · 23 to 39
    Oct 1, 2021 to Mar 31, 2022
  • Advisory activities · 3 to 2
    Oct 1, 2021 to Mar 31, 2022
  • Discretionary RAUM · $5.3B to $5.9B
    Oct 1, 2021 to Mar 31, 2022
  • RAUM · $5.3B to $5.9B
    Oct 1, 2021 to Mar 31, 2022
Signals
5 dated events
  • P••••••• C•••••• M••••••••• L•• reported RAUM $17.5B, up 52% from $11.5B (2025-07-21 to 2026-03-10)
    Mar 10, 2026 · RAUM change · derived
  • P••••••• C•••••• M••••••••• L•• reported RAUM $11.4B, up 71% from $6.7B (2024-03-15 to 2024-07-22)
    Jul 22, 2024 · RAUM change · derived
  • P••••••• C•••••• M••••••••• L•• reported RAUM $5.3B, up 205% from $1.7B (2020-05-14 to 2021-03-05)
    Mar 5, 2021 · RAUM change · derived
  • P••••••• C•••••• M••••••••• L•• reported RAUM $1.7B, up 44% from $1.2B (2019-03-25 to 2020-02-05)
    Feb 5, 2020 · RAUM change · derived
  • P••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Oct 7, 2014 · 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
Website
penserra.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
800-456-8850reportedpublic record, Form ADV, Mar 10, 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
$1.9Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026