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

T•••••••• C•••••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 161971SEC 801-74811websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 22, 2012 · 25 filings
SEC status approved since Mar 30, 2012
RAUM
$268M
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
11
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$268M as of Mar 27, 2026
Mar 19, 2013$248M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 19, 20130 then
Employees (5.A)11 as of Mar 27, 2026
Mar 19, 201335 then
Private funds2 as of Mar 27, 2026
Mar 19, 20133 then
RAUM -15% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 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
$134MderivedRAUM 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
-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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$165M, 2 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)
  • 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$268M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$165M for 2 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true 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
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•••••••• M••••• F••• L•Hedge Fund$237M37Mar 22, 2012
      T•••••••• G••••• E••••• M••••• F••• L••Hedge Fund$104M6Mar 22, 2012
      K••••••• I••••••••• L••no longer reportedHedge Fund$00Apr 26, 2018
      T•••••••• M••••• F••• L••no longer reportedHedge Fund$00Mar 22, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • C••••••• M••••••••• W•••••• · President Of T•••••••• C•••••• L••control
        since 04/2011 · owns less than 5%
      • L••••••• J••• M•••••• · Officer Of T•••••••• C•••••• L••control
        since 06/2010 · owns less than 5%
      • M•••••••• H•••••• J•• · Cfo Of T•••••••• C•••••• L••control
        since 09/2006 · owns less than 5%
      • R••••• T••••• J••• · Cco Of T•••••••• C•••••• L••control
        since 11/2004 · owns less than 5%
      • W•••••••• W•••• K••••••• · Chairman Of T•••••••• C•••••• L••control
        since 11/1996 · owns less than 5%
      • W•••• S•••••• W••••• · Ceo Of T•••••••• C•••••• L••control
        since 04/2011 · owns less than 5%
      • W•••••••• W•••• K••••••• · Membercontrol
        since 11/1995 · owns 25% to 50% of T•••••••• H••••••• L••
      • W•••• S•••••• W••••• · Membercontrol
        since 11/1995 · owns 25% to 50% of T•••••••• H••••••• L••
      Entity owners
      • T•••••••• H••••••• L•• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Advisers that list T•••••••• C•••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • employee count dropChange between filings · filing Mar 27, 2026
        employees (Item 5.A) moved from 20.0 to 11.0 (-45.0%) between the annual amendments of 2025-03-28 and 2026-03-27; the peer median change was 0.0% (393 comparable advisers, 4.0th percentile of changes)
        peers: asset managers, $100M to $500M (393) · 4.1% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 20 to 11
        Jul 1, 2025 to Mar 27, 2026
      • Assets in custody · $207M to $165M
        Jul 1, 2025 to Mar 27, 2026
      • Employees · 20 to 11
        Jul 1, 2025 to Mar 27, 2026
      • Discretionary RAUM · $315M to $268M
        Jul 1, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $315M to $268M
        Jul 1, 2025 to Mar 27, 2026
      • RAUM · $315M to $268M
        Jul 1, 2025 to Mar 27, 2026
      • Financial planning clients · unset to
        Mar 28, 2025 to Jul 1, 2025
      • Assets in custody · $227M to $207M
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $330M to $315M
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $330M to $315M
        Mar 28, 2024 to Mar 28, 2025
      • RAUM · $330M to $315M
        Mar 28, 2024 to Mar 28, 2025
      • Accounts · 3 to 2
        Mar 28, 2023 to Mar 28, 2024
      • Advisory employees · 30 to 20
        Mar 28, 2023 to Mar 28, 2024
      • Advisory activities · 2 to 1
        Mar 28, 2023 to Mar 28, 2024
      • Assets in custody · $239M to $227M
        Mar 28, 2023 to Mar 28, 2024
      • Employees · 30 to 20
        Mar 28, 2023 to Mar 28, 2024
      • Discretionary RAUM · $376M to $330M
        Mar 28, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $347M to $330M
        Mar 28, 2023 to Mar 28, 2024
      • RAUM · $376M to $330M
        Mar 28, 2023 to Mar 28, 2024
      • Assets in custody · $256M to $239M
        May 3, 2022 to Mar 28, 2023
      • Discretionary RAUM · $313M to $376M
        May 3, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $284M to $347M
        May 3, 2022 to Mar 28, 2023
      • RAUM · $313M to $376M
        May 3, 2022 to Mar 28, 2023
      • Related bank · false to true
        May 3, 2022 to Mar 28, 2023
      • Discretionary RAUM · $256M to $313M
        Mar 30, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $215M to $284M
        Mar 30, 2021 to Mar 30, 2022
      • RAUM · $256M to $313M
        Mar 30, 2021 to Mar 30, 2022
      • Accounts · 4 to 3
        Mar 25, 2020 to Mar 30, 2021
      • Assets in custody · $235M to $256M
        Mar 25, 2020 to Mar 30, 2021
      • Discretionary RAUM · $212M to $256M
        Mar 25, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $175M to $215M
        Mar 25, 2020 to Mar 30, 2021
      • RAUM · $212M to $256M
        Mar 25, 2020 to Mar 30, 2021
      • Accounts · 3 to 4
        Mar 21, 2019 to Mar 25, 2020
      • Assets in custody · $213M to $235M
        Mar 21, 2019 to Mar 25, 2020
      • Discretionary RAUM · $231M to $212M
        Mar 21, 2019 to Mar 25, 2020
      • Pooled vehicle RAUM · $185M to $175M
        Mar 21, 2019 to Mar 25, 2020
      • RAUM · $231M to $212M
        Mar 21, 2019 to Mar 25, 2020
      • Accounts · 5 to 3
        Apr 26, 2018 to Mar 21, 2019
      • Advisory employees · 35 to 30
        Apr 26, 2018 to Mar 21, 2019
      • Assets in custody · $376M to $213M
        Apr 26, 2018 to Mar 21, 2019
      Signals
      1 dated events
      • T•••••••• C•••••• L•• reported RAUM $262.1M, down 30% from $376.1M (2018-03-12 to 2018-04-26)
        Apr 26, 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
      T••••••••LLC.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      312-264-2000reportedpublic record, Form ADV, Mar 27, 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