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

B•• C•••••• M••••••••• L•

Former SEC-registered adviserSan Jose, CaliforniaCRD 164091SEC 801-107641IAPD
Latest filing May 13, 2024
First filing on the tape Mar 30, 2016 · 17 filings
RAUM
$153M
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
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$181M gross assets
History
17 filings and snapshots on the tape
RAUM$153M as of Mar 26, 2024
Mar 30, 2017$397M then
HNW client RAUM: $5.2M
State-registered IARs (5.B.3)0 as of Mar 26, 2024
Mar 30, 20170 then
Employees (5.A)6 as of Mar 26, 2024
Mar 30, 20178 then
Private funds2 as of Mar 26, 2024
Mar 30, 20172 then
RAUM -49% over the last fiscal year-34% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 13, 2024; 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
$76.5MderivedRAUM 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
-49%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
Custody
$153M, 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$153M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$153M for 2 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
      5 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B•• C••••••••• F•••• L•Hedge Fund$153M26Feb 14, 2013
      B•• C••••••••• C••••• F•••• L•Hedge Fund$27.6M5Mar 30, 2017
      B•• F•••••••• O••••••••• C••••• F•••• L•no longer reportedHedge Fund$00Mar 22, 2019
      B•• F•••••••• O••••••••• M••••• F•••• L•no longer reportedHedge Fund$00Mar 22, 2019
      B•• F•••••••• O••••••••• F•••• L•no longer reportedHedge Fund$00Mar 22, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• Y••••• N• M••••• N••• · Chief Compliance Officer, Co-Founder & Managing Directorcontrol
        since 05/2024 · owns less than 5%
      • B••••• Y••••• N• M••••• N••• · Membercontrol
        since 11/2019 · owns 25% to 50% of B••• E••••• R•••••••• L••
      • B•••••• E•••• M••••••• · Sole Membercontrol
        since 03/2010 · owns 75% or more of A••••• F••••• O•••••• L••
      • H••••••••• R•••••• J•••• · Membercontrol
        since 11/2019 · owns 25% to 50% of B••• E••••• R•••••••• L••
      • L•• K••••••• J•••• · Membercontrol
        since 11/2019 · owns 25% to 50% of B••• E••••• R•••••••• L••
      • Z••••••• R••• · Membercontrol
        since 11/2019 · owns 25% to 50% of B••• E••••• R•••••••• L••
      Entity owners
      • A••••• F••••• O•••••• L•• · Limited Partner
        direct · owns 10% to 25%
      • B••• E••••• R•••••••• L•• · Limited Partner
        direct · owns 50% to 75%
      • B••• E••••• R•••••••• L•• · Sole Member
        indirect · owns 75% or more of B•• G• I••• L••
      • B•• G• I••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • B•• I••• L•
        pooled vehicle sponsorn
      • B•• I•• L•
        pooled vehicle sponsorn
      Advisers that list B•• C•••••• M••••••••• L• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $301M to $153M
        Mar 31, 2023 to Mar 26, 2024
      • Discretionary RAUM · $301M to $153M
        Mar 31, 2023 to Mar 26, 2024
      • Pooled vehicle RAUM · $301M to $153M
        Mar 31, 2023 to Mar 26, 2024
      • RAUM · $301M to $153M
        Mar 31, 2023 to Mar 26, 2024
      • Advisory employees · 5 to 4
        Mar 31, 2022 to Mar 31, 2023
      • Assets in custody · $381M to $301M
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 7 to 6
        Mar 31, 2022 to Mar 31, 2023
      • Private funds · 4 to 2
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $381M to $301M
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $381M to $301M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $381M to $301M
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 5 to 2
        Jul 8, 2021 to Mar 31, 2022
      • Advisory employees · 4 to 5
        Jul 8, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 5 to 2
        Jul 8, 2021 to Mar 31, 2022
      • Assets in custody · $533M to $381M
        Jul 8, 2021 to Mar 31, 2022
      • Private funds · 5 to 4
        Jul 8, 2021 to Mar 31, 2022
      • Discretionary RAUM · $533M to $381M
        Jul 8, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $533M to $381M
        Jul 8, 2021 to Mar 31, 2022
      • RAUM · $533M to $381M
        Jul 8, 2021 to Mar 31, 2022
      • Employees · 9 to 7
        Apr 12, 2021 to Jul 8, 2021
      • HQ city · BALA CYNWYD to SAN JOSE
        Apr 12, 2021 to Jul 8, 2021
      • HQ state · PA to CA
        Apr 12, 2021 to Jul 8, 2021
      • Other offices · 1 to 0
        Apr 12, 2021 to Jul 8, 2021
      • Accounts · 6 to 5
        Apr 10, 2020 to Mar 24, 2021
      • Pooled vehicle clients · 6 to 5
        Apr 10, 2020 to Mar 24, 2021
      • Assets in custody · $629M to $533M
        Apr 10, 2020 to Mar 24, 2021
      • Discretionary RAUM · $635M to $533M
        Apr 10, 2020 to Mar 24, 2021
      • Pooled vehicle RAUM · $635M to $533M
        Apr 10, 2020 to Mar 24, 2021
      • RAUM · $635M to $533M
        Apr 10, 2020 to Mar 24, 2021
      • Related adviser · true to false
        Apr 10, 2020 to Mar 24, 2021
      • Business name · C•••••• B• C•••••• M••••••••• L• to B•• C•••••• M••••••••• L•
        Mar 27, 2020 to Apr 10, 2020
      • Legal name · C•••••• B• C•••••• M••••••••• L• to B•• C•••••• M••••••••• L•
        Mar 27, 2020 to Apr 10, 2020
      • Accounts · 8 to 6
        Dec 20, 2019 to Mar 27, 2020
      • Pooled vehicle clients · 8 to 6
        Dec 20, 2019 to Mar 27, 2020
      • Assets in custody · $519M to $629M
        Dec 20, 2019 to Mar 27, 2020
      • Employees · 7 to 9
        Dec 20, 2019 to Mar 27, 2020
      • Discretionary RAUM · $531M to $635M
        Dec 20, 2019 to Mar 27, 2020
      • Pooled vehicle RAUM · $531M to $635M
        Dec 20, 2019 to Mar 27, 2020
      • RAUM · $531M to $635M
        Dec 20, 2019 to Mar 27, 2020
      • Related bank · true to false
        Mar 22, 2019 to Dec 20, 2019
      Signals
      8 dated events
      • B•• C•••••• M••••••••• L• reported RAUM $153.0M, down 49% from $300.6M (2023-03-31 to 2024-03-26)
        Mar 26, 2024 · RAUM change · derived
      • B•• C•••••• M••••••••• L• reported RAUM $381.0M, down 28% from $532.6M (2021-07-08 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Sue Karen Batchelder (Chief Compliance Officer And Chief Operating Officer) no longer on Schedule A of B•• C•••••• M••••••••• L• (listed 2021-04-12, absent 2021-07-08)
        Jul 8, 2021 · Control person left · inference
      • Jason Kenneth Li (Member) appeared on Schedule A of B•• C•••••• M••••••••• L•
        Dec 20, 2019 · Control person joined · fact
      • Ryan Zaffuto (Member) appeared on Schedule A of B•• C•••••• M••••••••• L•
        Dec 20, 2019 · Control person joined · fact
      • Joseph John Canning (Chief Compliance Officer) no longer on Schedule A of B•• C•••••• M••••••••• L• (listed 2018-03-30, absent 2019-03-22)
        Mar 22, 2019 · Control person left · inference
      • B•• C•••••• M••••••••• L• reported RAUM $510.7M, up 29% from $397.1M (2017-03-30 to 2018-03-30)
        Mar 30, 2018 · RAUM change · derived
      • C•••••• B• C•••••• M••••••••• L• filed its initial SEC registration (Form ADV)
        Mar 30, 2016 · 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.
      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