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

S•••••••• C•••••• M••••••••• L•••

Asset manager (funds and pooled vehicles)Guangzhou, CRD 161466SEC 801-73373websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Feb 13, 2012 · 25 filings
SEC status approved since Mar 30, 2012
RAUM
$75.9M
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
15
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$75.9M as of Mar 30, 2026
Apr 1, 2013$481M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Apr 1, 20130 then
Employees (5.A)15 as of Mar 30, 2026
Apr 1, 201330 then
Private funds3 as of Mar 30, 2026
Apr 1, 20132 then
RAUM -53% over the last fiscal year-32% 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
$15.2MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-53%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
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)
  • a related person has custody of client cash (9.B.1.a)
  • the adviser acts as qualified custodian (9.D.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$75.9M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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=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
      4 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • Z••••• X•••••• · Co-Founder & Managing Partnercontrol
        since 05/2004 · owns 50% to 75%
      • F•••••• B•••••••• W• · Shareholder
        since 05/2004 · owns 25% to 50%
      • Y•••• L•••• · Shareholder
        since 04/2006 · owns less than 5%
      Entity owners
      • G•••• G•• · Chief Financial Officer
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • C•••••••• L•••••••• I••••••••• C••• L•••
        investment advisern
      • G•••••••• S•••••••• C•••••• M••••••••• C••• L••
        pooled vehicle sponsory
      • L•••••••• •••••••• I••••••••• C••• L•••
        investment advisery
      Offices
      Schedule D 1.F, the 25 largest
      • Beijing, China1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 11 to 5
        Mar 31, 2025 to Mar 30, 2026
      • Employees · 20 to 15
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $163M to $75.9M
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $163M to $75.9M
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $163M to $75.9M
        Mar 31, 2025 to Mar 30, 2026
      • Accounts · 6 to 5
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 6 to 5
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 31, 2025
      • HQ state · unset to
        Mar 28, 2024 to Mar 31, 2025
      • Private funds · 4 to 3
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $203M to $163M
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $203M to $163M
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $203M to $163M
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $245M to $203M
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $245M to $203M
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $245M to $203M
        Mar 31, 2023 to Mar 28, 2024
      • Assets in custody · 63399.0 to unset
        Mar 31, 2022 to Mar 31, 2023
      • Custody of client assets · true to false
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $323M to $245M
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $323M to $245M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $323M to $245M
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 12 to 11
        Apr 7, 2021 to Mar 31, 2022
      • Assets in custody · $429M to $63,399
        Apr 7, 2021 to Mar 31, 2022
      • Employees · 27 to 20
        Apr 7, 2021 to Mar 31, 2022
      • Discretionary RAUM · $429M to $323M
        Apr 7, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $429M to $323M
        Apr 7, 2021 to Mar 31, 2022
      • RAUM · $429M to $323M
        Apr 7, 2021 to Mar 31, 2022
      • Related adviser · false to true
        Apr 7, 2021 to Mar 31, 2022
      • Advisory employees · 15 to 12
        Apr 3, 2020 to Apr 7, 2021
      • Assets in custody · $546M to $429M
        Apr 3, 2020 to Apr 7, 2021
      • Employees · 34 to 27
        Apr 3, 2020 to Apr 7, 2021
      • Discretionary RAUM · $546M to $429M
        Apr 3, 2020 to Apr 7, 2021
      • Pooled vehicle RAUM · $546M to $429M
        Apr 3, 2020 to Apr 7, 2021
      • RAUM · $546M to $429M
        Apr 3, 2020 to Apr 7, 2021
      • Advisory employees · 21 to 15
        Apr 2, 2019 to Apr 3, 2020
      • Assets in custody · $700M to $546M
        Apr 2, 2019 to Apr 3, 2020
      • Employees · 39 to 34
        Apr 2, 2019 to Apr 3, 2020
      • Discretionary RAUM · $700M to $546M
        Apr 2, 2019 to Apr 3, 2020
      • Pooled vehicle RAUM · $700M to $546M
        Apr 2, 2019 to Apr 3, 2020
      • RAUM · $700M to $546M
        Apr 2, 2019 to Apr 3, 2020
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      s••••••••.c••.cnreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      +86(20) 8560-6988reportedpublic 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