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.

SEC-registered adviser

N•• C•••••• I••••••••• A•••••••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 160569SEC 801-74046websiteIAPD
Latest filing Aug 26, 2026
First filing on the tape Feb 14, 2012 · 44 filings
SEC status approved since Mar 14, 2012
RAUM
$6.6B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$1.7B
derived; firm RAUM over IAPD count
Employees
242
56 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
16
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$6.6B as of Aug 26, 2026
Apr 1, 2013$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 26, 2026
Apr 1, 20130 then
Employees (5.A)242 as of Aug 26, 2026
Apr 1, 201385 then
Private funds16 as of Aug 26, 2026
Apr 1, 20135 then
RAUM -5.6% over the last fiscal year-7.5% a year over threeIARs 0 to 0offices 7 to 4
Practice profile
derived from the filing of Aug 26, 2026; every figure names its basis
RAUM per advisor
$1.7BderivedRAUM 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
$302MderivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
15%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
60.5derivedItem 5.A over advisors
Advisors per office
0.8derived5 offices incl. principal (1.F.5)
RAUM growth, one year
-6.3%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-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$2.5B, 8 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.7B70%
  • Insurance companies$982M18%
  • Other investment advisers$630M12%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
22reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$2.5B for 8 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.66 institutional_share=0.15 related_bd=true related_bank=true bd_reps=19.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
H••••• N• F••••••Dallas, TxOct 30, 201811 y0
R••••• B•••• W••••Dallas, TxOct 31, 201811 y0
J••• R•••••• B••••••Dallas, TxOct 31, 201829 y0
L•••• M•••••• K•••••••••Dallas, TxNov 14, 201811 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
      22 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      N•• C•••••• S••••• L••• F••• V• ••• L•••Hedge Fund$873M7May 22, 2020
      N•• S•••••••• C•• L••Hedge Fund$486M1Sep 13, 2018
      N•• C•••••• S••••••••• N••• I• L••Securitized Asset Fund$483M4May 25, 2022
      N•• C•••••• C•• 2•••••• L••Securitized Asset Fund$457M15May 25, 2021
      N•• C•••••• C•• 2•••••• L••Securitized Asset Fund$411M23Jan 25, 2018
      N•• C•••••• C•• 2•••••• L••no longer reportedSecuritized Asset Fund$355M11Jan 16, 2015
      N•• C•••••• C•• 2•••••• L••no longer reportedSecuritized Asset Fund$308M16Apr 1, 2013
      N•• C•••••• S••••• L••• F••• V• L•Hedge Fund$285M12Sep 20, 2017
      N•• C•••••• C•• 2•••••• L••Securitized Asset Fund$250M15Jan 25, 2018
      N•• C•••••• S••••• L••• F••• V••• L•Hedge Fund$235M6Nov 17, 2023
      N•• C•••••• C•• 2•••••• L••no longer reportedSecuritized Asset Fund$204M6Apr 1, 2013
      N•• C•••••• S••••• L••• F••• I• L••Private Equity Fund$184M2Feb 14, 2012
      N•• C•••••• S••••• L••• F••• I•• L•Hedge Fund$172M10Mar 29, 2016
      N•• C•••••• C•• 2•••••• L••no longer reportedSecuritized Asset Fund$170M11Jul 29, 2015
      N•• C•••••• S••••• L••• F••• I••• L•Hedge Fund$122M14Jan 16, 2015
      N•• C•••••• S••• I•• L•Hedge Fund$104M1Nov 17, 2023
      N•• C•••••• S•••• L•no longer reportedHedge Fund$54.9M2Apr 1, 2013
      N•• C•••••• S••••• L••• F••• V• •••• L•••Private Equity Fund$46.9M4Jun 29, 2021
      N•• C•••••• S••••• L••• F••• I•• L•Hedge Fund$35.1M16Mar 31, 2014
      N•• C•••••• S••• I• L•Private Equity Fund$3.0M10Nov 17, 2023
      P••••• V•••••• F••••••• L•no longer reportedPrivate Equity Fund$355,7593Apr 1, 2013
      N•• C•••••• S••••• L••• F••• V• •••• L•••no longer reportedHedge Fund$03Feb 25, 2021
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••••• E••••• ••••• A•••• · S••••• Vice Presidentcontrol
        since 08/2022 · owns less than 5%
      • F••••• B••••• E••••• · Chief Compliance Officercontrol
        since 01/2019 · owns less than 5%
      • K••••••• S•••••• L••• · S••••• Vice Presidentcontrol
        since 08/2019 · owns less than 5%
      • L•••••••• J•••••• N••••••• · S••••• Vice Presidentcontrol
        since 08/2022 · owns less than 5%
      • M••••••••• R••••• G••• · Chief Financial Officer And Treasurercontrol
        since 11/2022 · owns less than 5%
      Entity owners
      • N•• C•••••• H•••••••• L•• · Member
        direct · owns 75% or more
      • N•• C•••••• G••••• L•• · Member
        indirect · owns 75% or more of N•• C•••••• I••••••••• H•••••••• L••
      • N•• C•••••• I••••••••• H•••••••• L•• · Member
        indirect · owns 75% or more of N•• C•••••• H•••••••• L••
      • O•• H•••••••• L•• · Member
        indirect · owns 75% or more of N•• C•••••• G••••• L••
      • O•• G••••• A•••• M••••••••• L•• · Member
        indirect · owns 75% or more of O•• H•••••••• L••
      • O•• O••• H•••••••• L•• · Member
        indirect · owns 75% or more of O•• G••••• A•••• M••••••••• L••
      • O••• C•••••• M••••••• L•• · Member
        indirect · owns 75% or more of O•• O••• H•••••••• L••
      • O••• C••••••••• · Majority Shareholder
        indirect · owns 75% or more of O••• C••••••••• U••
      • O••• C••••••••• U•• · Member
        indirect · owns 75% or more of O••• C•••••• M••••••• L••
      Related persons
      Schedule D 7.A
      • L••••• I••••••••• M••••••••• L••
        investment advisernRAUM $1.9B
      • L••••• S••••••••• L••
        broker-dealern
      • N•• C•••••• C•• 2••••• I••••••••• L••
        pooled vehicle sponsorn
      • N•• C•••••• C•• 2••••• I••••••••• L••
        pooled vehicle sponsorn
      • N•• C•••••• S••• I• G•• L••
        pooled vehicle sponsorn
      • N•• C•••••• S••••• L••• F••• I• G•• L••
        bankpooled vehicle sponsorn
      • N•• C•••••• S••••• L••• F••• I•• G•• L••
        bankpooled vehicle sponsorn
      • N•• C•••••• S••••• L••• F••• I• G•• L••
        bankpooled vehicle sponsorn
      • N•• C•••••• S••••• L••• F••• V• G•• L••
        bankpooled vehicle sponsorn
      • N•• C•••••• S••••• L••• F••• V• •• G•• L••
        bankpooled vehicle sponsorn
      • N•• C•••••• S••••• L••• F••• V• ••• G•• L••
        bankpooled vehicle sponsorn
      • N•• C•••••• S••••• L••• F••• V•• G•• L••
        bankpooled vehicle sponsorn
      • N•• C•••••• S••••••••• N••• I• L••
        pooled vehicle sponsorn
      • N•• C••••••• L••
        bankn
      • O••• A•••••••• L••
        investment adviserbanknRAUM $9.6B
      Advisers that list N•• C•••••• I••••••••• A•••••••• L•• as a related person
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Dallas, Tx400
      Offices
      Schedule D 1.F, the 25 largest
      • Atlanta, GA1 employees
      • Dallas, TX1 employees
      • Lakewood Ranch, FL1 employees
      • , 1 employees
      • New York, NY
      What changed
      consecutive filings, newest first
      • Private funds · 13 to 16
        Jun 26, 2026 to Aug 26, 2026
      • Assets in custody · $2.6B to $2.5B
        May 22, 2026 to Jun 26, 2026
      • Employees · 273 to 242
        May 22, 2026 to Jun 26, 2026
      • Other offices · 6 to 4
        May 22, 2026 to Jun 26, 2026
      • Private funds · 14 to 13
        May 22, 2026 to Jun 26, 2026
      • Discretionary RAUM · $6.0B to $6.2B
        May 22, 2026 to Jun 26, 2026
      • Non-discretionary RAUM · $484M to $463M
        May 22, 2026 to Jun 26, 2026
      • Pooled vehicle RAUM · $3.8B to $3.7B
        May 22, 2026 to Jun 26, 2026
      • RAUM · $6.5B to $6.6B
        May 22, 2026 to Jun 26, 2026
      • Private funds · 13 to 14
        Jul 28, 2025 to May 22, 2026
      • Financial planning clients · unset to
        Jun 27, 2025 to Jul 28, 2025
      • Advisory employees · 67 to 56
        May 30, 2025 to Jun 27, 2025
      • BD registered reps · 18 to 19
        May 30, 2025 to Jun 27, 2025
      • Assets in custody · $2.6B to $2.6B
        May 30, 2025 to Jun 27, 2025
      • Employees · 277 to 273
        May 30, 2025 to Jun 27, 2025
      • Other offices · 7 to 6
        May 30, 2025 to Jun 27, 2025
      • Discretionary RAUM · $6.0B to $6.0B
        May 30, 2025 to Jun 27, 2025
      • Non-discretionary RAUM · $624M to $484M
        May 30, 2025 to Jun 27, 2025
      • Pooled vehicle RAUM · $4.3B to $3.8B
        May 30, 2025 to Jun 27, 2025
      • RAUM · $6.6B to $6.5B
        May 30, 2025 to Jun 27, 2025
      • Private funds · 12 to 13
        Jun 28, 2024 to May 30, 2025
      • Accounts · 21 to 22
        Jan 2, 2024 to Jun 28, 2024
      • Advisory employees · 70 to 67
        Jan 2, 2024 to Jun 28, 2024
      • BD registered reps · 13 to 18
        Jan 2, 2024 to Jun 28, 2024
      • Pooled vehicle clients · 15 to 16
        Jan 2, 2024 to Jun 28, 2024
      • Assets in custody · $2.1B to $2.6B
        Jan 2, 2024 to Jun 28, 2024
      • Employees · 253 to 277
        Jan 2, 2024 to Jun 28, 2024
      • Private funds · 15 to 12
        Jan 2, 2024 to Jun 28, 2024
      • Discretionary RAUM · $6.4B to $6.0B
        Jan 2, 2024 to Jun 28, 2024
      • Non-discretionary RAUM · $631M to $624M
        Jan 2, 2024 to Jun 28, 2024
      • Pooled vehicle RAUM · $4.7B to $4.3B
        Jan 2, 2024 to Jun 28, 2024
      • RAUM · $7.0B to $6.6B
        Jan 2, 2024 to Jun 28, 2024
      • Assets in custody · $1.3B to $2.1B
        Jun 30, 2023 to Nov 17, 2023
      • Private funds · 12 to 15
        Jun 30, 2023 to Nov 17, 2023
      • Accounts · 24 to 21
        Jan 6, 2023 to Jun 29, 2023
      • Advisory employees · 43 to 70
        Jan 6, 2023 to Jun 29, 2023
      • BD registered reps · 2 to 13
        Jan 6, 2023 to Jun 29, 2023
      • Pooled vehicle clients · 18 to 15
        Jan 6, 2023 to Jun 29, 2023
      • Assets in custody · $1.3B to $1.3B
        Jan 6, 2023 to Jun 29, 2023
      • Employees · 98 to 253
        Jan 6, 2023 to Jun 29, 2023
      Signals
      19 dated events
      • Jean Kelli O'Connell (Vice President) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2023-11-17, absent 2024-01-02)
        Jan 2, 2024 · Control person left · inference
      • Douglas James Anderson (General Counsel And Secretary) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2023-01-06, absent 2023-06-29)
        Jun 29, 2023 · Control person left · inference
      • Andrew John Finnerty (Chairman, Chief Executive Officer & President) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2022-11-02, absent 2023-01-06)
        Jan 6, 2023 · Control person left · inference
      • J••••• Thomas Bax (Chief Financial Officer And Treasurer) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2022-08-29, absent 2022-11-02)
        Nov 2, 2022 · Control person left · inference
      • Gray Robin Mcinerney (Chief Financial Officer And Treasurer) appeared on Schedule A of N•• C•••••• I••••••••• A•••••••• L••
        Nov 2, 2022 · Control person joined · fact
      • A•••• E••••• (Ted) D•••••••• (Senior Vice President) appeared on Schedule A of N•• C•••••• I••••••••• A•••••••• L••
        Aug 29, 2022 · Control person joined · fact
      • L••• S••••• K•••••• (Senior Vice President) appeared on Schedule A of N•• C•••••• I••••••••• A•••••••• L••
        Aug 29, 2022 · Control person joined · fact
      • N••••••• J••••• L••••••• (Senior Vice President) appeared on Schedule A of N•• C•••••• I••••••••• A•••••••• L••
        Aug 29, 2022 · Control person joined · fact
      • Keith Kevin Rostowsky (Senior Vice President) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2022-05-25, absent 2022-06-28)
        Jun 28, 2022 · Control person left · inference
      • John Craig Andreen (Senior Vice President) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2022-05-25, absent 2022-06-28)
        Jun 28, 2022 · Control person left · inference
      • Robert Timothy Verrilli (Vice President) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2022-05-25, absent 2022-06-28)
        Jun 28, 2022 · Control person left · inference
      • E••••• Robert Radway (Chairman) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2021-06-29, absent 2021-10-28)
        Oct 28, 2021 · Control person left · inference
      • N•• C•••••• I••••••••• A•••••••• L•• reported 6 offices beyond its principal office, down from 11 (2021-05-25 to 2021-06-29)
        Jun 29, 2021 · Office count change · derived
      • Andrew Neil Rudd (Chief Operating Officer) no longer on Schedule A of N•• C•••••• I••••••••• A•••••••• L•• (listed 2020-06-29, absent 2021-01-26)
        Jan 26, 2021 · Control person left · inference
      • N•• C•••••• I••••••••• A•••••••• L•• reported RAUM $9.6B, up 28% from $7.5B (2020-05-22 to 2020-06-29)
        Jun 29, 2020 · RAUM change · derived
      • N•• C•••••• I••••••••• A•••••••• L•• reported RAUM $7.5B, up 60% from $4.7B (2019-01-25 to 2019-06-27)
        Jun 27, 2019 · RAUM change · derived
      • E••••• Brian Franc (Chief Compliance Officer) appeared on Schedule A of N•• C•••••• I••••••••• A•••••••• L••
        Jan 25, 2019 · Control person joined · fact
      • N•• C•••••• I••••••••• A•••••••• L•• reported 10 offices beyond its principal office, up from 1 (2018-03-30 to 2018-09-13)
        Sep 13, 2018 · Office count change · derived
      • N•• C•••••• I••••••••• A•••••••• L•• reported RAUM $4.7B, up 25% from $3.7B (2017-09-20 to 2018-01-25)
        Jan 25, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      H••••://WWW.LINKEDIN.COM/COMPANY/NXT-CAPITALreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H••••://WWW.N•••••••••.COM/ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      312-450-8000reportedpublic record, Form ADV, Aug 26, 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
      $1.7Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026