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

N••• A••• C•••••• M••••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 161506SEC 801-74435IAPD
Latest filing Mar 20, 2023
First filing on the tape Feb 25, 2012 · 19 filings
RAUM
$64.7M
reported, Item 5.F
Discretionary
0.0%
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
2
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$64.7M as of Mar 20, 2023
Mar 28, 2013$157M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 20, 2023
Mar 28, 20130 then
Employees (5.A)2 as of Mar 20, 2023
Mar 28, 20136 then
Private funds: no history
RAUM -38% over the last fiscal year-16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 20, 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
$32.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-38%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
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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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$21.7M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • L••• S• K••• · Chief Operating Officer And Chief Compliance Officercontrol
        since 09/2020 · owns less than 5%
      • S•••••• S•••••• D•••• · Chief Executive Officercontrol
        since 11/2010 · owns less than 5%
      • W••••• D•••••• J••• · Director Of General Partner Of Sole Membercontrol
        since 01/2020 · owns less than 5%
      • S•••••• S•••••• D•••• · L•••••• Partnercontrol
        since 12/2015 · owns 25% to 50% of N••• G••••• L•••
      • S•••••• S•••••• D•••• · Shareholdercontrol
        since 08/2019 · owns 25% to 50% of N••• G•••• G•• L•••
      Entity owners
      • N••• G••••• L••• · Sole Member
        direct · owns 75% or more
      • N••• G•••• G•• L••• · General Partner
        indirect · owns F of N••• G••••• L•••
      Related persons
      Schedule D 7.A
      Advisers that list N••• A••• C•••••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Hong Kong, Hong Kong2 employees
      • Tokyo, Japan1 employees
      What changed
      consecutive filings, newest first
      • Non-discretionary RAUM · $104M to $64.7M
        Apr 26, 2022 to Mar 20, 2023
      • Pooled vehicle RAUM · $48.5M to $21.7M
        Apr 26, 2022 to Mar 20, 2023
      • RAUM · $104M to $64.7M
        Apr 26, 2022 to Mar 20, 2023
      • Accounts · 3 to 2
        Mar 22, 2021 to Mar 15, 2022
      • Non-discretionary RAUM · $118M to $104M
        Mar 22, 2021 to Mar 15, 2022
      • Pooled vehicle RAUM · $54.8M to $48.5M
        Mar 22, 2021 to Mar 15, 2022
      • RAUM · $118M to $104M
        Mar 22, 2021 to Mar 15, 2022
      • Accounts · 2 to 3
        Oct 8, 2020 to Mar 22, 2021
      • Non-discretionary RAUM · $110M to $118M
        Oct 8, 2020 to Mar 22, 2021
      • Pooled vehicle RAUM · $49.8M to $54.8M
        Oct 8, 2020 to Mar 22, 2021
      • RAUM · $110M to $118M
        Oct 8, 2020 to Mar 22, 2021
      • Accounts · 3 to 2
        Sep 13, 2019 to Mar 30, 2020
      • Pooled vehicle clients · 2 to 1
        Sep 13, 2019 to Mar 30, 2020
      • Non-discretionary RAUM · $91.1M to $110M
        Sep 13, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $42.8M to $49.8M
        Sep 13, 2019 to Mar 30, 2020
      • RAUM · $91.1M to $110M
        Sep 13, 2019 to Mar 30, 2020
      • Accounts · 4 to 3
        Jun 13, 2019 to Sep 13, 2019
      • Pooled vehicle clients · 1 to 2
        Jun 13, 2019 to Sep 13, 2019
      • Discretionary RAUM · $162M to $0
        Jun 13, 2019 to Sep 13, 2019
      • Non-discretionary RAUM · $0 to $91.1M
        Jun 13, 2019 to Sep 13, 2019
      • Pooled vehicle RAUM · $85.0M to $42.8M
        Jun 13, 2019 to Sep 13, 2019
      • RAUM · $162M to $91.1M
        Jun 13, 2019 to Sep 13, 2019
      • Advisory employees · 3 to 2
        Mar 29, 2018 to Mar 30, 2019
      • Employees · 4 to 2
        Mar 29, 2018 to Mar 30, 2019
      • Discretionary RAUM · $1.1B to $162M
        Mar 29, 2018 to Mar 30, 2019
      • Pooled vehicle RAUM · $111M to $85.0M
        Mar 29, 2018 to Mar 30, 2019
      • RAUM · $1.1B to $162M
        Mar 29, 2018 to Mar 30, 2019
      • Accounts · 7 to 4
        Mar 30, 2017 to Mar 29, 2018
      • Advisory employees · 6 to 3
        Mar 30, 2017 to Mar 29, 2018
      • Advisory activities · 1 to 2
        Mar 30, 2017 to Mar 29, 2018
      • Charity clients · unset to 0.0
        Mar 30, 2017 to Mar 29, 2018
      • Corporate clients · unset to 0.0
        Mar 30, 2017 to Mar 29, 2018
      • HNW clients · unset to 0.0
        Mar 30, 2017 to Mar 29, 2018
      • Individual clients · unset to 0.0
        Mar 30, 2017 to Mar 29, 2018
      • Pension plan clients · unset to 0.0
        Mar 30, 2017 to Mar 29, 2018
      • Pooled vehicle clients · unset to 1.0
        Mar 30, 2017 to Mar 29, 2018
      • Employees · 7 to 4
        Mar 30, 2017 to Mar 29, 2018
      • Other offices · unset to 2.0
        Mar 30, 2017 to Mar 29, 2018
      • Discretionary RAUM · $252M to $1.1B
        Mar 30, 2017 to Mar 29, 2018
      • Pooled vehicle RAUM · unset to 110663908.0
        Mar 30, 2017 to Mar 29, 2018
      Signals
      7 dated events
      • Fuyuki Fujiwara (Shareholder) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•• (listed 2022-04-26, absent 2023-03-20)
        Mar 20, 2023 · Control person left · inference
      • Patrick Richard Kincaid (Shareholder) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•• (listed 2022-04-26, absent 2023-03-20)
        Mar 20, 2023 · Control person left · inference
      • Su K••• Lee (Chief Operating Officer And Chief Compliance Officer) appeared on Schedule A of N••• A••• C•••••• M••••••••• L••
        Oct 8, 2020 · Control person joined · fact
      • Angela Cristina Maria Tordesillas (General Counsel And Chief Compliance Officer) no longer on Schedule A of N••• A••• C•••••• M••••••••• L•• (listed 2020-03-30, absent 2020-10-08)
        Oct 8, 2020 · Control person left · inference
      • Fuyuki Fujiwara (Shareholder) appeared on Schedule A of N••• A••• C•••••• M••••••••• L••
        Mar 30, 2020 · Control person joined · fact
      • N••• A••• C•••••• M••••••••• L•• reported RAUM $161.7M, down 85% from $1.1B (2018-03-29 to 2019-03-30)
        Mar 30, 2019 · RAUM change · derived
      • N••• A••• C•••••• M••••••••• L•• reported RAUM $1.1B, up 328% from $251.5M (2017-03-30 to 2018-03-29)
        Mar 29, 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.
      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