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.
SEC-registered adviser
Aristides Capital LLC
Latest filing May 22, 2026
First filing on the tape Jun 22, 2020 · 17 filings
SEC status approved since Jul 22, 2020
RAUM
$541M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$135M
derived; firm RAUM over IAPD count
Employees
11
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
4
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$541M as of May 22, 2026
Mar 30, 2021$216M then
HNW client RAUM: no history
State-registered IARs (5.B.3)3 as of May 22, 2026
Mar 30, 20210 then
Employees (5.A)11 as of May 22, 2026
Mar 30, 20215 then
Private funds4 as of May 22, 2026
Mar 30, 20212 then
RAUM +15% over the last fiscal year+22% a year over threeIARs 0 to 3
Practice profile
derived from the filing of May 22, 2026; every figure names its basis
- RAUM per advisor
- $135MderivedRAUM 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
- $108MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.8derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 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 individuals, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- yesreportedItem 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)
- 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$541M100%
- 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
- $0 for 0 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=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Kathryn Wetterer Davis | Louisville, Ky | Oct 15, 2025 | 15 y | 0 |
| Claire Margaret Brown | Louisville, Ky | Oct 17, 2025 | 18 y | 1 |
| Daniel Charles NallChartered Financial Analyst | Louisville, Ky | Oct 17, 2025 | 13 y | 0 |
| Anna Racine Pies | Louisville, Ky | Mar 18, 2026 | 11 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Claire Margaret Brown from Aristides Capital LLCOct 17, 2025 · Other
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Aristides Fund LP | Hedge Fund | $230M | 85 | Jun 22, 2020 |
| Aristides Fund Qp, LP | Hedge Fund | $148M | 58 | Jun 22, 2020 |
Owners and control persons
Schedule A and B, latest filing
- Michael Christopher Brown · Managing Membercontrolsince 03/2008 · owns 75% or more
- Charles Daniel Nall · Chief Compliance Officer/Pmsince 06/2013 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Louisville, Ky · principal | 4 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Discretionary RAUM · $473M to $541MOct 29, 2025 to Mar 13, 2026
- Pooled vehicle RAUM · $473M to $541MOct 29, 2025 to Mar 13, 2026
- RAUM · $473M to $541MOct 29, 2025 to Mar 13, 2026
- Advisory employees · 5 to 8Mar 28, 2025 to Oct 29, 2025
- Advisory activities · 1 to 2Mar 28, 2025 to Oct 29, 2025
- Employees · 9 to 11Mar 28, 2025 to Oct 29, 2025
- State-registered IARs · 0 to 3Mar 28, 2025 to Oct 29, 2025
- Accounts · 3 to 5Oct 25, 2024 to Mar 28, 2025
- Advisory employees · 6 to 5Oct 25, 2024 to Mar 28, 2025
- Pooled vehicle clients · 3 to 5Oct 25, 2024 to Mar 28, 2025
- Employees · 8 to 9Oct 25, 2024 to Mar 28, 2025
- Financial planning clients · unset to Oct 25, 2024 to Mar 28, 2025
- Private funds · 2 to 4Oct 25, 2024 to Mar 28, 2025
- Discretionary RAUM · $378M to $473MOct 25, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $378M to $473MOct 25, 2024 to Mar 28, 2025
- RAUM · $378M to $473MOct 25, 2024 to Mar 28, 2025
- Accounts · 2 to 3May 1, 2023 to Mar 26, 2024
- Advisory employees · 5 to 6May 1, 2023 to Mar 26, 2024
- Pooled vehicle clients · 2 to 3May 1, 2023 to Mar 26, 2024
- Employees · 6 to 8May 1, 2023 to Mar 26, 2024
- Discretionary RAUM · $300M to $378MMay 1, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $300M to $378MMay 1, 2023 to Mar 26, 2024
- RAUM · $300M to $378MMay 1, 2023 to Mar 26, 2024
- Discretionary RAUM · $306M to $300MJan 9, 2023 to Mar 29, 2023
- Pooled vehicle RAUM · $306M to $300MJan 9, 2023 to Mar 29, 2023
- RAUM · $306M to $300MJan 9, 2023 to Mar 29, 2023
- HQ city · unset to LOUISVILLEMay 2, 2022 to Jan 9, 2023
- HQ state · unset to KYMay 2, 2022 to Jan 9, 2023
- Discretionary RAUM · $251M to $306MMar 30, 2022 to May 2, 2022
- Pooled vehicle RAUM · $251M to $306MMar 30, 2022 to May 2, 2022
- RAUM · $251M to $306MMar 30, 2022 to May 2, 2022
- Employees · 5 to 6Sep 23, 2021 to Mar 30, 2022
- HQ city · SEATTLE to unsetSep 23, 2021 to Mar 30, 2022
- HQ state · WA to unsetSep 23, 2021 to Mar 30, 2022
- Other offices · 0 to 1Sep 23, 2021 to Mar 30, 2022
- Discretionary RAUM · $216M to $251MSep 23, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $216M to $251MSep 23, 2021 to Mar 30, 2022
- RAUM · $216M to $251MSep 23, 2021 to Mar 30, 2022
- HQ city · TOLEDO to SEATTLEApr 29, 2021 to Sep 23, 2021
- HQ state · OH to WAApr 29, 2021 to Sep 23, 2021
Signals
1 dated events
- Aristides Capital Llc filed its initial SEC registration (Form ADV)Jun 22, 2020 · First SEC registration · fact
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
- ARISTIDESCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (502) 694-8001reportedpublic record, Form ADV, May 22, 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
- $135Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026