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
B•••• T••• P•••••••• L••
Latest filing Apr 19, 2023
First filing on the tape Mar 28, 2013 · 19 filings
RAUM
$576M
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
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
$332M gross assets
History
19 filings and snapshots on the tape
RAUM$576M as of Mar 29, 2023
Mar 28, 2014$1.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2023
Mar 28, 20140 then
Employees (5.A)4 as of Mar 29, 2023
Mar 28, 201411 then
Private funds3 as of Mar 29, 2023
Mar 28, 20142 then
RAUM -50% over the last fiscal year-34% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Apr 19, 2023; 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
- $82.2MderivedRAUM 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
- -50%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
- $332M, 6 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$332M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 7reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $332M for 6 clientsreported
- 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
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•••• T••• M••••• F•••• L••• | Hedge Fund | $129M | 4 | Mar 28, 2013 |
| P• M•••••• F•••• S••• • S••••••••• P•••••••• 4• | Hedge Fund | $115M | 7 | Mar 29, 2020 |
| B•••• T••• F•••• L• | Hedge Fund | $107M | 17 | Mar 28, 2012 |
| B•••• T••• L•••••••• M••••• F••• L••• | Hedge Fund | $95.8M | 2 | Mar 20, 2018 |
| B•••• T••• L•••••••• M••••• F••• L••• | Hedge Fund | $95.8M | 2 | Mar 30, 2022 |
| B•••• T••• P•••••••• F••• L•no longer reported | Hedge Fund | $0 | 0 | Mar 20, 2018 |
Owners and control persons
Schedule A and B, latest filing
- A••••••• A••• · Chief Executive Officer, Managing Membercontrolsince 05/2008 · owns 75% or more
- S•••••• S••••• · Direcctor Of Researchcontrolsince 03/2023 · owns 25% to 50%
- W••••• N••••• R•••••• · Chief Financial Officer, Chief Compliance Officercontrolsince 09/2009 · owns less than 5%
Related persons
Schedule D 7.A
- B•••• T••• •••• L••bankpooled vehicle sponsory
- B•••• T••• L•••••••• ••• L••bankpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 9 to 7Oct 28, 2022 to Mar 29, 2023
- Advisory employees · 5 to 2Oct 28, 2022 to Mar 29, 2023
- Pooled vehicle clients · 8 to 6Oct 28, 2022 to Mar 29, 2023
- Assets in custody · $754M to $332MOct 28, 2022 to Mar 29, 2023
- Employees · 10 to 4Oct 28, 2022 to Mar 29, 2023
- Other offices · 1 to 0Oct 28, 2022 to Mar 29, 2023
- Private funds · 4 to 3Oct 28, 2022 to Mar 29, 2023
- Discretionary RAUM · $563M to $576MOct 28, 2022 to Mar 29, 2023
- Pooled vehicle RAUM · $333M to $332MOct 28, 2022 to Mar 29, 2023
- RAUM · $563M to $576MOct 28, 2022 to Mar 29, 2023
- Discretionary RAUM · $1.2B to $563MApr 19, 2022 to Oct 28, 2022
- Pooled vehicle RAUM · $901M to $333MApr 19, 2022 to Oct 28, 2022
- RAUM · $1.2B to $563MApr 19, 2022 to Oct 28, 2022
- Private funds · 3 to 4Mar 30, 2022 to Apr 19, 2022
- Accounts · 6 to 9Nov 4, 2021 to Mar 30, 2022
- Advisory employees · 6 to 5Nov 4, 2021 to Mar 30, 2022
- Pooled vehicle clients · 5 to 8Nov 4, 2021 to Mar 30, 2022
- Assets in custody · $1.2B to $754MNov 4, 2021 to Mar 30, 2022
- Employees · 11 to 10Nov 4, 2021 to Mar 30, 2022
- Private funds · 4 to 3Nov 4, 2021 to Mar 30, 2022
- Discretionary RAUM · $1.8B to $1.2BNov 4, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $1.5B to $901MNov 4, 2021 to Mar 30, 2022
- RAUM · $1.8B to $1.2BNov 4, 2021 to Mar 30, 2022
- Private funds · 5 to 4Mar 31, 2021 to Nov 4, 2021
- Accounts · 10 to 6Mar 29, 2020 to Mar 31, 2021
- Pooled vehicle clients · 9 to 5Mar 29, 2020 to Mar 31, 2021
- Assets in custody · $1.5B to $1.2BMar 29, 2020 to Mar 31, 2021
- Discretionary RAUM · $2.0B to $1.8BMar 29, 2020 to Mar 31, 2021
- Pooled vehicle RAUM · $1.7B to $1.5BMar 29, 2020 to Mar 31, 2021
- RAUM · $2.0B to $1.8BMar 29, 2020 to Mar 31, 2021
- Accounts · 8 to 10Mar 12, 2019 to Mar 29, 2020
- Advisory employees · 5 to 6Mar 12, 2019 to Mar 29, 2020
- Pooled vehicle clients · 7 to 9Mar 12, 2019 to Mar 29, 2020
- Assets in custody · $1.7B to $1.5BMar 12, 2019 to Mar 29, 2020
- Employees · 10 to 11Mar 12, 2019 to Mar 29, 2020
- Other offices · 2 to 1Mar 12, 2019 to Mar 29, 2020
- Private funds · 4 to 5Mar 12, 2019 to Mar 29, 2020
- Discretionary RAUM · $1.9B to $2.0BMar 12, 2019 to Mar 29, 2020
- Pooled vehicle RAUM · $1.7B to $1.7BMar 12, 2019 to Mar 29, 2020
- RAUM · $1.9B to $2.0BMar 12, 2019 to Mar 29, 2020
Signals
4 dated events
- Sangam Sogani (Direcctor Of Research) appeared on Schedule A of B•••• T••• P•••••••• L••Mar 29, 2023 · Control person joined · fact
- B•••• T••• P•••••••• L•• reported RAUM $563.4M, down 51% from $1.2B (2022-04-19 to 2022-10-28)Oct 28, 2022 · RAUM change · derived
- B•••• T••• P•••••••• L•• reported RAUM $1.2B, down 35% from $1.8B (2021-11-04 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- B•••• T••• P•••••••• L•• filed its initial SEC registration (Form ADV)Mar 28, 2013 · First SEC registration · fact
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