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

N••••••• F••• A•••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 160441SEC 801-74427IAPD
Latest filing Mar 22, 2016
First filing on the tape Feb 24, 2012 · 11 filings
RAUM
$71.7M
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
3
3 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$98.7M as of Feb 19, 2016
Mar 27, 2013$100,000 then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 19, 2016
Mar 27, 20130 then
Employees (5.A)3 as of Feb 19, 2016
Mar 27, 20134 then
Private funds: no history
RAUM -27% over the last fiscal year+795% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 22, 2016; 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
$10.2MderivedRAUM 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
+0.0%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 assetsreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • P••••••••• C•••••• · Chief Financial Officer
        since 12/2015 · owns less than 5%
      • P•••• C••••••••• · Chief Investment Officer
        since 01/2012 · owns less than 5%
      • T•••••••• G••• F•••••• · Chief Compliance Officer
        since 02/2016 · owns less than 5%
      • K•••••• W••••••• M••••• · Member
        since 12/2011 · owns 50% to 75% of Ar Capital, LLC
      • S•••••••• N•••••••• S•••• · Member
        since 12/2011 · owns 50% to 75% of Ar Capital, LLC
      Entity owners
      • R••• E••••• I••••• F••• A•••••••• L•• · Member
        direct · owns 75% or more
      • A• C••••••• L•• · Member
        indirect · owns 75% or more of Real Estate Income Fund Advisors, LLC
      Related persons
      Schedule D 7.A
      Advisers that list N••••••• F••• A•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $98.7M to $71.7M
        Feb 19, 2016 to Mar 22, 2016
      • RAUM · $98.7M to $71.7M
        Feb 19, 2016 to Mar 22, 2016
      • Advisory employees · 2 to 3
        Mar 31, 2015 to Feb 19, 2016
      • BD registered reps · 2 to 0
        Mar 31, 2015 to Feb 19, 2016
      • Employees · 6 to 3
        Mar 31, 2015 to Feb 19, 2016
      • Accounts · 6 to 7
        Mar 31, 2014 to Mar 31, 2015
      • Employees · 4 to 6
        Mar 31, 2014 to Mar 31, 2015
      • Discretionary RAUM · $110M to $98.7M
        Mar 31, 2014 to Mar 31, 2015
      • RAUM · $110M to $98.7M
        Mar 31, 2014 to Mar 31, 2015
      • Accounts · 2 to 6
        Jun 12, 2013 to Mar 31, 2014
      • Advisory activities · 1 to 2
        Jun 12, 2013 to Mar 31, 2014
      • BD registered reps · 0 to 2
        Jun 12, 2013 to Mar 31, 2014
      • Discretionary RAUM · $100,000 to $110M
        Jun 12, 2013 to Mar 31, 2014
      • RAUM · $100,000 to $110M
        Jun 12, 2013 to Mar 31, 2014
      • Accounts · 0 to 2
        Jun 18, 2012 to Mar 27, 2013
      • Advisory employees · unset to 2.0
        Jun 18, 2012 to Mar 27, 2013
      • BD registered reps · unset to 0.0
        Jun 18, 2012 to Mar 27, 2013
      • Employees · unset to 4.0
        Jun 18, 2012 to Mar 27, 2013
      • State-registered IARs · unset to 0.0
        Jun 18, 2012 to Mar 27, 2013
      • Discretionary RAUM · $0 to $100,000
        Jun 18, 2012 to Mar 27, 2013
      • RAUM · $0 to $100,000
        Jun 18, 2012 to Mar 27, 2013
      • Related adviser · false to true
        Jun 18, 2012 to Mar 27, 2013
      • Business name · NATIONAL FUND ADVISORY SERVICES, LLC to NATIONAL FUND ADVISORS, LLC
        May 31, 2012 to Jun 14, 2012
      • HQ city · LYNBROOK to NEW YORK
        May 31, 2012 to Jun 14, 2012
      • Legal name · NATIONAL FUND ADVISORY SERVICES, LLC to NATIONAL FUND ADVISORS, LLC
        May 31, 2012 to Jun 14, 2012
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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