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
Z••••••••• A••••••••• L••
Latest filing Apr 29, 2026
First filing on the tape Feb 13, 2012 · 36 filings
SEC status approved since Mar 30, 2012
RAUM
$1.6B
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
31
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
4
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$1.6B as of Apr 29, 2026
Mar 14, 2013$1.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 29, 2026
Mar 14, 20130 then
Employees (5.A)31 as of Apr 29, 2026
Mar 14, 201349 then
Private funds4 as of Apr 29, 2026
Mar 14, 20137 then
RAUM +15% over the last fiscal year+15% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 29, 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
- $272MderivedRAUM 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
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%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
- $618M, 5 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)
- 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)
- 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$1.6B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 6reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $618M for 5 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=true bd_reps=0.0derived
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
10 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Z••••••••• P•••••••• L••• | Hedge Fund | $984M | 25 | Feb 13, 2012 |
| Z••••••••• N•••••• R••••••••• L•••no longer reported | Hedge Fund | $61.2M | 1 | Feb 13, 2012 |
| Z••••••••• F•••• F••• L••no longer reported | Hedge Fund | $42.1M | 1 | May 30, 2013 |
| Z••••••••• I••••••••• L••• | Hedge Fund | $27.4M | 8 | Feb 13, 2012 |
| Z••••••••• M••••• N••••••• L•••no longer reported | Hedge Fund | $20.8M | 4 | Feb 13, 2012 |
| Z••••••••• N•••••• R•••••••• L•••no longer reported | Hedge Fund | $16.5M | 1 | Feb 13, 2012 |
| Z••••••••• I••••••••• L•••••• | Hedge Fund | $15.7M | 6 | Feb 13, 2012 |
| Z••••••••• F•••• F•••• L•••no longer reported | Hedge Fund | $14.3M | 2 | May 30, 2013 |
| L••••••••• D•••••• I••••••••• F••• L••••••no longer reported | Hedge Fund | $9.0M | 1 | May 30, 2013 |
| H• Z••••••••• M••••• F••• L•no longer reported | Hedge Fund | $0 | 0 | Mar 14, 2013 |
Owners and control persons
Schedule A and B, latest filing
- C•••••• K••••• P• · Ceocontrolsince 01/2000 · owns less than 5%
- D••••••• J•••••• A•••••• · Managing Directorcontrolsince 02/1995 · owns 75% or more
- K••••• T•••••• F•••••• · Executive Vice Presidentsince 12/2013 · owns less than 5%
- L•••• M••••••• G••••• · Treasurersince 04/2003 · owns less than 5%
- L••••••• M••••• A• · Chief Compliance Officersince 07/2016 · owns less than 5%
- P•••••• S•••••• B••• · General Counselsince 02/1995 · owns less than 5%
Related persons
Schedule D 7.A
- B•••••• P•••• W••••• A••••••• L••investment advisernRAUM $27.7M
- W•••••••• S••••••••• I•••broker-dealern
Advisers that list Z••••••••• A••••••••• L•• as a related person
- 287603 n
Offices
Schedule D 1.F, the 25 largest
- Westport, CT1 employees
What changed
consecutive filings, newest first
- Discretionary RAUM · $1.6B to $1.6BMar 30, 2026 to Apr 29, 2026
- Pooled vehicle RAUM · $1.6B to $1.6BMar 30, 2026 to Apr 29, 2026
- RAUM · $1.6B to $1.6BMar 30, 2026 to Apr 29, 2026
- Accounts · 3 to 6Aug 26, 2025 to Mar 30, 2026
- Pooled vehicle clients · 3 to 6Aug 26, 2025 to Mar 30, 2026
- Assets in custody · $556M to $618MAug 26, 2025 to Mar 30, 2026
- Discretionary RAUM · $1.4B to $1.6BAug 26, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $1.4B to $1.6BAug 26, 2025 to Mar 30, 2026
- RAUM · $1.4B to $1.6BAug 26, 2025 to Mar 30, 2026
- Related adviser · true to falseAug 26, 2025 to Mar 30, 2026
- Related broker-dealer · true to falseAug 26, 2025 to Mar 30, 2026
- Financial planning clients · 0 to 0Apr 28, 2025 to Aug 26, 2025
- BD registered reps · 8 to 0May 1, 2024 to Apr 28, 2025
- Assets in custody · $519M to $556MMay 1, 2024 to Apr 28, 2025
- Employees · 32 to 31May 1, 2024 to Apr 28, 2025
- Private funds · 3 to 4May 1, 2024 to Apr 28, 2025
- Discretionary RAUM · $1.0B to $1.4BMay 1, 2024 to Apr 28, 2025
- Pooled vehicle RAUM · $1.0B to $1.4BMay 1, 2024 to Apr 28, 2025
- RAUM · $1.0B to $1.4BMay 1, 2024 to Apr 28, 2025
- Discretionary RAUM · $991M to $1.0BMar 27, 2024 to May 1, 2024
- Pooled vehicle RAUM · $991M to $1.0BMar 27, 2024 to May 1, 2024
- RAUM · $991M to $1.0BMar 27, 2024 to May 1, 2024
- Other offices · 0 to 1Feb 20, 2024 to Mar 27, 2024
- Discretionary RAUM · $1.1B to $991MFeb 20, 2024 to Mar 27, 2024
- Pooled vehicle RAUM · $1.1B to $991MFeb 20, 2024 to Mar 27, 2024
- RAUM · $1.1B to $991MFeb 20, 2024 to Mar 27, 2024
- Advisory employees · 16 to 14Apr 28, 2022 to Mar 9, 2023
- BD registered reps · 10 to 8Apr 28, 2022 to Mar 9, 2023
- Assets in custody · $679M to $519MApr 28, 2022 to Mar 9, 2023
- Employees · 37 to 32Apr 28, 2022 to Mar 9, 2023
- Discretionary RAUM · $1.4B to $1.1BApr 28, 2022 to Mar 9, 2023
- Pooled vehicle RAUM · $1.4B to $1.1BApr 28, 2022 to Mar 9, 2023
- RAUM · $1.4B to $1.1BApr 28, 2022 to Mar 9, 2023
- Accounts · 4 to 3Apr 30, 2021 to Mar 29, 2022
- Advisory employees · 17 to 16Apr 30, 2021 to Mar 29, 2022
- Pooled vehicle clients · 4 to 3Apr 30, 2021 to Mar 29, 2022
- Employees · 39 to 37Apr 30, 2021 to Mar 29, 2022
- Private funds · 4 to 3Apr 30, 2021 to Mar 29, 2022
- Discretionary RAUM · $1.4B to $1.4BApr 30, 2021 to Mar 29, 2022
- Pooled vehicle RAUM · $1.4B to $1.4BApr 30, 2021 to Mar 29, 2022
Signals
2 dated events
- Z••••••••• A••••••••• L•• reported RAUM $1.4B, up 39% from $1.0B (2024-05-01 to 2025-04-28)Apr 28, 2025 · RAUM change · derived
- Z••••••••• A••••••••• L•• reported RAUM $1.3B, up 120% from $598.4M (2017-03-31 to 2018-03-28)Mar 28, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-451-1100reportedpublic record, Form ADV, Apr 29, 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