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

V••••• P•••• C•••••••••

Asset manager (funds and pooled vehicles)Parsippany, New JerseyCRD 160664SEC 801-80005IAPD
Latest filing Mar 30, 2026
First filing on the tape Jun 24, 2014 · 15 filings
SEC status approved since Jul 8, 2014
RAUM
$151M
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
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$151M as of Mar 30, 2026
Mar 26, 2015$189M then
HNW client RAUM$0 as of Mar 9, 2020
Mar 16, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 26, 20150 then
Employees (5.A)2 as of Mar 30, 2026
Mar 26, 20152 then
Private funds6 as of Mar 30, 2026
Mar 26, 20158 then
RAUM -3.1% over the last fiscal year-3.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; 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
$25.1MderivedRAUM 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
-3.1%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 pooled vehiclesreportedItem 5.G
Custody
$41.6M, 2 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$151M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$41.6M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
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
      8 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•••••• A•• A••••••••• L••Hedge Fund$44.4M6Mar 22, 2012
      0••Hedge Fund$29.0M1Mar 22, 2012
      0••Hedge Fund$26.8M6Mar 22, 2012
      S•••••• I••••••••• P••••••••• I•• L•Hedge Fund$26.0M35Mar 22, 2012
      S•••••• I••••••••• P••••••••• L•Hedge Fund$23.9M41Mar 22, 2012
      0••no longer reportedHedge Fund$15.2M40Mar 22, 2012
      0••Hedge Fund$6.8M6Mar 22, 2012
      S•••••• I••••••••• P••••••••• I••• L•Hedge Fund$5.5M12Jun 24, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • S••••••• L•••••••• B•••• · President/Directorcontrol
        since 01/1995 · owns 10% to 25%
      • F••••••• E••••• J•• · Trusteecontrol
        since 01/2022 · owns F of E•••• F•••••• 2••• I••••••••• T••••
      • H•••••• A••••••• B••• · Trusteecontrol
        since 01/2022 · owns F of A•••••• H••••• 2••• I••••••••• T••••
      • H•••••• M••••••• L•• · Chief Compliance Officer
        since 06/2014 · owns less than 5%
      Entity owners
      • A•••••• H••••• 2••• I••••••••• T•••• · Shareholder
        direct · owns 25% to 50%
      • E•••• F•••••• 2••• I••••••••• T•••• · Shareholder
        direct · owns 25% to 50%
      Related persons
      Schedule D 7.A
      • L••••••• B•••• S••••••
        investment advisery
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $43.8M to $41.6M
        Mar 26, 2025 to Mar 30, 2026
      • Discretionary RAUM · $156M to $151M
        Mar 26, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $156M to $151M
        Mar 26, 2025 to Mar 30, 2026
      • RAUM · $156M to $151M
        Mar 26, 2025 to Mar 30, 2026
      • Assets in custody · $49.9M to $43.8M
        Mar 29, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 26, 2025
      • Discretionary RAUM · $157M to $156M
        Mar 29, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $157M to $156M
        Mar 29, 2024 to Mar 26, 2025
      • RAUM · $157M to $156M
        Mar 29, 2024 to Mar 26, 2025
      • Accounts · 7 to 6
        Mar 24, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 7 to 6
        Mar 24, 2023 to Mar 29, 2024
      • Assets in custody · $55.7M to $49.9M
        Mar 24, 2023 to Mar 29, 2024
      • Private funds · 7 to 6
        Mar 24, 2023 to Mar 29, 2024
      • Discretionary RAUM · $170M to $157M
        Mar 24, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $170M to $157M
        Mar 24, 2023 to Mar 29, 2024
      • RAUM · $170M to $157M
        Mar 24, 2023 to Mar 29, 2024
      • Assets in custody · $60.6M to $55.7M
        Mar 22, 2022 to Mar 24, 2023
      • Discretionary RAUM · $177M to $170M
        Mar 22, 2022 to Mar 24, 2023
      • Pooled vehicle RAUM · $177M to $170M
        Mar 22, 2022 to Mar 24, 2023
      • RAUM · $177M to $170M
        Mar 22, 2022 to Mar 24, 2023
      • Accounts · 8 to 7
        Mar 15, 2021 to Mar 22, 2022
      • Pooled vehicle clients · 8 to 7
        Mar 15, 2021 to Mar 22, 2022
      • Assets in custody · $62.4M to $60.6M
        Mar 15, 2021 to Mar 22, 2022
      • Private funds · 8 to 7
        Mar 15, 2021 to Mar 22, 2022
      • Discretionary RAUM · $180M to $177M
        Mar 15, 2021 to Mar 22, 2022
      • Pooled vehicle RAUM · $180M to $177M
        Mar 15, 2021 to Mar 22, 2022
      • RAUM · $180M to $177M
        Mar 15, 2021 to Mar 22, 2022
      • Charity clients · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • Corporate clients · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • HNW clients · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • Individual clients · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • Pension plan clients · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • Assets in custody · $73.1M to $62.4M
        Mar 9, 2020 to Mar 15, 2021
      • Discretionary RAUM · $227M to $180M
        Mar 9, 2020 to Mar 15, 2021
      • HNW RAUM · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • Individual RAUM · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • Pension RAUM · 0.0 to unset
        Mar 9, 2020 to Mar 15, 2021
      • Pooled vehicle RAUM · $227M to $180M
        Mar 9, 2020 to Mar 15, 2021
      • RAUM · $227M to $180M
        Mar 9, 2020 to Mar 15, 2021
      • Assets in custody · $72.7M to $73.1M
        Mar 15, 2019 to Mar 9, 2020
      Signals
      1 dated events
      • V••••• P•••• C••••••••• filed its initial SEC registration (Form ADV)
        Jun 24, 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
      Principal office phone
      973-952-0405reportedpublic record, Form ADV, Mar 30, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026