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

C•••••• P••••••• H•••••••• I•••

Former SEC-registered adviserNorwalk, ConnecticutCRD 161657SEC 801-74335IAPD
Latest filing Oct 25, 2023
First filing on the tape Feb 16, 2012 · 23 filings
RAUM
$1.2B
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
25
21 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
15
$1.8B gross assets
History
23 filings and snapshots on the tape
RAUM$1.2B as of Mar 31, 2023
Mar 26, 2013$348M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2023
Mar 26, 20130 then
Employees (5.A)25 as of Mar 31, 2023
Mar 26, 20138 then
Private funds15 as of Mar 31, 2023
Mar 26, 201313 then
RAUM -8.5% over the last fiscal year+2.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Oct 25, 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
$77.4MderivedRAUM 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
-8.5%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$1.2B, 15 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.2B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
15reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$1.2B for 15 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
      Every departureEvery arrival
      Private funds
      14 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      C•••••• P••••••• P•••••• E••••• I••••• F••• I• I••••• L•••no longer reportedPrivate Equity Fund$278M32Mar 31, 2014
      C•••••• P••••••• P•••••• E••••• I••••• F•••• L•••no longer reportedPrivate Equity Fund$20.8M97Feb 16, 2012
      C• L••• S•••• L••no longer reportedPrivate Equity Fund$10.6M25Feb 16, 2012
      C• A•••• L••no longer reportedPrivate Equity Fund$10.0M27Feb 16, 2012
      H•••• • T•••••• H•••••••• L••no longer reportedPrivate Equity Fund$2.5M93Feb 16, 2012
      C• S••••••• L••no longer reportedPrivate Equity Fund$2.4M24Feb 16, 2012
      C• T••••••••• L••no longer reportedPrivate Equity Fund$2.3M38Feb 16, 2012
      C• B••••• L••no longer reportedPrivate Equity Fund$700,00040Mar 31, 2014
      C• H••••• L•••• A••••••••• L••no longer reportedPrivate Equity Fund$700,00031Feb 16, 2012
      C• W•••••• L••no longer reportedPrivate Equity Fund$600,00035Feb 16, 2012
      C• R••• R•••• L••no longer reportedPrivate Equity Fund$400,00029Feb 16, 2012
      D••••• P•••• H•••••••• L••no longer reportedPrivate Equity Fund$100,00077Feb 16, 2012
      C• D••••• L••no longer reportedPrivate Equity Fund$024Mar 26, 2013
      C• F••••••• L••no longer reportedPrivate Equity Fund$031Feb 16, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • A••••••••• M•••• D•••••• · Managing Partner (Registrant)control
        since 11/2004 · owns less than 5%
      • F••••••••• B••••• D•••• · Founder & Chairman (Registrant)control
        since 03/1982 · owns 75% or more
      • R•••••• B••••• N•• · Chief Compliance Officercontrol
        since 10/2023 · owns less than 5%
      • T•••••• R•••••• S•••• · Managing Partner (Registrant)control
        since 11/2004 · owns less than 5%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 18 to 15
        Apr 25, 2022 to Mar 31, 2023
      • Advisory employees · 18 to 21
        Apr 25, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 18 to 15
        Apr 25, 2022 to Mar 31, 2023
      • Assets in custody · $1.3B to $1.2B
        Apr 25, 2022 to Mar 31, 2023
      • Employees · 21 to 25
        Apr 25, 2022 to Mar 31, 2023
      • Financial planning clients · 0 to unset
        Apr 25, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.3B to $1.2B
        Apr 25, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.3B to $1.2B
        Apr 25, 2022 to Mar 31, 2023
      • RAUM · $1.3B to $1.2B
        Apr 25, 2022 to Mar 31, 2023
      • Accounts · 13 to 18
        Jul 20, 2021 to Mar 31, 2022
      • Advisory employees · 19 to 18
        Jul 20, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 13 to 18
        Jul 20, 2021 to Mar 31, 2022
      • Assets in custody · $1.1B to $1.3B
        Jul 20, 2021 to Mar 31, 2022
      • Employees · 22 to 21
        Jul 20, 2021 to Mar 31, 2022
      • Private funds · 13 to 15
        Jul 20, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.1B to $1.3B
        Jul 20, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $1.1B to $1.3B
        Jul 20, 2021 to Mar 31, 2022
      • RAUM · $1.1B to $1.3B
        Jul 20, 2021 to Mar 31, 2022
      • Related adviser · false to true
        Mar 29, 2021 to Jul 20, 2021
      • Advisory employees · 14 to 19
        Sep 23, 2020 to Mar 29, 2021
      • Assets in custody · $1.1B to $1.1B
        Sep 23, 2020 to Mar 29, 2021
      • Employees · 17 to 22
        Sep 23, 2020 to Mar 29, 2021
      • Discretionary RAUM · $1.1B to $1.1B
        Sep 23, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $1.1B to $1.1B
        Sep 23, 2020 to Mar 29, 2021
      • RAUM · $1.1B to $1.1B
        Sep 23, 2020 to Mar 29, 2021
      • Accounts · 17 to 13
        Mar 29, 2019 to Mar 26, 2020
      • Pooled vehicle clients · 17 to 13
        Mar 29, 2019 to Mar 26, 2020
      • Assets in custody · $1.1B to $1.1B
        Mar 29, 2019 to Mar 26, 2020
      • Employees · 15 to 17
        Mar 29, 2019 to Mar 26, 2020
      • Private funds · 18 to 13
        Mar 29, 2019 to Mar 26, 2020
      • Discretionary RAUM · $1.1B to $1.1B
        Mar 29, 2019 to Mar 26, 2020
      • Pooled vehicle RAUM · $1.1B to $1.1B
        Mar 29, 2019 to Mar 26, 2020
      • RAUM · $1.1B to $1.1B
        Mar 29, 2019 to Mar 26, 2020
      • Accounts · 15 to 17
        Mar 30, 2018 to Mar 29, 2019
      • Pooled vehicle clients · 15 to 17
        Mar 30, 2018 to Mar 29, 2019
      • Assets in custody · $1.1B to $1.1B
        Mar 30, 2018 to Mar 29, 2019
      • Employees · 14 to 15
        Mar 30, 2018 to Mar 29, 2019
      • Private funds · 14 to 18
        Mar 30, 2018 to Mar 29, 2019
      • Discretionary RAUM · $1.1B to $1.1B
        Mar 30, 2018 to Mar 29, 2019
      • Pooled vehicle RAUM · $1.1B to $1.1B
        Mar 30, 2018 to Mar 29, 2019
      Signals
      2 dated events
      • Nmn Berat Rifati (Chief Compliance Officer) appeared on Schedule A of C•••••• P••••••• H•••••••• I•••
        Oct 25, 2023 · Control person joined · fact
      • C•••••• P••••••• H•••••••• I••• reported RAUM $1.1B, up 92% from $592.2M (2017-03-31 to 2018-03-30)
        Mar 30, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      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