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
Tidal Investments LLC
Latest filing Mar 27, 2026
First filing on the tape Jun 25, 2012 · 38 filings
SEC status approved since Jul 20, 2012
RAUM
$46B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$19.9M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
207
50 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$46B as of Mar 27, 2026
Mar 27, 2013$6.4M then
HNW client RAUM$16.6M as of Mar 27, 2026
Mar 27, 2018$141M then
State-registered IARs (5.B.3)1 as of Mar 27, 2026
Mar 27, 20132 then
Employees (5.A)207 as of Mar 27, 2026
Mar 27, 20136 then
Private funds: no history
RAUM +68% over the last fiscal year+102% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $46BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 12derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.2MderivedHNW RAUM over HNW clients
- Average account
- $93.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 207.0derivedItem 5.A over advisors
- Advisors per office
- 0.2derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +68%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -81%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for pooled vehicles, portfolio management for investment companies, pension consulting, selection of other advisers, otherreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$45B98%
- Pooled investment vehicles$958M2.1%
- Charitable organizations$41.8M0.1%
- Pension and profit-sharing plans$32.1M0.1%
- Other investment advisers$28.9M0.1%
- High-net-worth individuals$16.6M0.0%
- Corporations and businesses$7.7M0.0%
- Individuals$3.3M0.0%
- Individual clients
- 8reported
- HNW clients
- 4reported
- Pension plan clients
- 12reported
- Charitable clients
- 8reported
- Accounts
- 491reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=7.0derived
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
- John Patrick Lowrey to Silver Anchor Financial, LLCJan 9, 2025 · Other
- James Bernard Carroll to Ballast Rock Private WealthSep 6, 2023 · Other
- Juan Carlos Avila to Centric Wealth Management, LLCSep 6, 2023 · Other
- James Hofheimer to Morgan StanleyAug 23, 2023 · Other
Joined, latest
- James Bernard Carroll from Longrun Capital Management LLCJul 15, 2023 · Other
- James Hofheimer from Rothschild InvestmentFeb 11, 2019 · Other
- John Patrick Lowrey from A Better 401(K) Plan, Inc.Mar 28, 2014 · Other
- Juan Carlos Avila from Mesirow Financial Investment Management, Inc.Jan 3, 2013 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Howard Daniel Carlson · Managing Member / Secretary/Directorcontrolsince 04/2012 · owns 5% to 10%
- Walter Eric Falkeis · Chief Operating Officercontrolsince 12/2023 · owns 5% to 10%
- Clark Gavin Filmore · Chief Revenue Officercontrolsince 12/2023 · owns less than 5%
- Clifford Douglas Rescho · Directorcontrolsince 06/2022 · owns less than 5%
- Jacob Ronnie Riven · Chief Financial Officercontrolsince 03/2024 · owns less than 5%
- Guillermo Trias · Chief Executive Officer / Managing Member / Directorcontrolsince 11/2015 · owns 10% to 25%
- Jeremy Michael Venuto · Chief Investment Officer / Managing Member / Directorcontrolsince 04/2012 · owns 10% to 25%
- Michael Vostrizansky · Directorcontrolsince 06/2022 · owns less than 5%
- Guillermo Trias · Unit Holdercontrolsince 06/2022 · owns 25% to 50% of Toroso Investments Topco, LLC
- Jeremy Michael Venuto · Unit Holdercontrolsince 06/2022 · owns 25% to 50% of Toroso Investments Topco, LLC
- Thomas Michael Pellegrino · Chief Legal Officersince 02/2022 · owns less than 5%
- Henderson William Woolverton · Chief Compliance Officersince 03/2023 · owns less than 5%
Entity owners
- Ftv Vi, L.P. · Unit Holderindirect · owns 75% or more of Ftv-Toroso, Inc
- Gt Capital · Unit Holderindirect · owns 25% to 50% of Toroso Investments Topco, LLC
- Ftv-Toroso, Inc · Unit Holderdirect · owns 25% to 50%
- Toroso Investments Topco, LLC · Unit Holderdirect · owns 50% to 75%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lincoln, Ri | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Detroit, MI3 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 27, 2026RAUM (Item 5.F) moved from $27,259,006,855 to $45,829,212,449 (+68.0%) between the annual amendments of 2025-03-31 and 2026-03-27; the peer median change was +15.0% (470 comparable advisers, 93.0th percentile of changes)peers: asset managers, $20B and over (470) · 93% percentile
- employee count surgeChange between filings · filing Mar 27, 2026employees (Item 5.A) moved from 94.0 to 207.0 (+120.0%) between the annual amendments of 2025-03-31 and 2026-03-27; the peer median change was +3.0% (461 comparable advisers, 100.0th percentile of changes)peers: asset managers, $20B and over (461) · 100% percentile
- affiliate changedChange between filings · filing Mar 27, 2026bank affiliate (Item 7.A.6): yes on the filing of 2026-01-30, no on the filing of 2026-03-27peers: asset managers, $20B and over (512)
- business activity changedChange between filings · filing Mar 27, 2026financial planning (Item 5.G.1): yes on the filing of 2026-01-30, no on the filing of 2026-03-27peers: asset managers, $20B and over (512)
What changed
consecutive filings, newest first
- Accounts · 390 to 491Jan 30, 2026 to Mar 27, 2026
- Advisory employees · 19 to 50Jan 30, 2026 to Mar 27, 2026
- Advisory activities · 7 to 6Jan 30, 2026 to Mar 27, 2026
- BD registered reps · 4 to 7Jan 30, 2026 to Mar 27, 2026
- Corporate clients · 3 to 4Jan 30, 2026 to Mar 27, 2026
- HNW clients · 11 to 4Jan 30, 2026 to Mar 27, 2026
- Individual clients · 53 to 8Jan 30, 2026 to Mar 27, 2026
- Pension plan clients · 14 to 12Jan 30, 2026 to Mar 27, 2026
- Pooled vehicle clients · 9 to 10Jan 30, 2026 to Mar 27, 2026
- Employees · 94 to 207Jan 30, 2026 to Mar 27, 2026
- Financial planning clients · 1-10 to Jan 30, 2026 to Mar 27, 2026
- Discretionary RAUM · $27B to $46BJan 30, 2026 to Mar 27, 2026
- HNW RAUM · $25.6M to $16.6MJan 30, 2026 to Mar 27, 2026
- Individual RAUM · $12.4M to $3.3MJan 30, 2026 to Mar 27, 2026
- Pension RAUM · $18.5M to $32.1MJan 30, 2026 to Mar 27, 2026
- Pooled vehicle RAUM · $650M to $958MJan 30, 2026 to Mar 27, 2026
- RAUM · $27B to $46BJan 30, 2026 to Mar 27, 2026
- Related bank · true to falseJan 30, 2026 to Mar 27, 2026
- Accounts · 373 to 390Mar 31, 2024 to Mar 31, 2025
- Advisory employees · 12 to 19Mar 31, 2024 to Mar 31, 2025
- Advisory activities · 6 to 7Mar 31, 2024 to Mar 31, 2025
- BD registered reps · 5 to 4Mar 31, 2024 to Mar 31, 2025
- Charity clients · 7 to 8Mar 31, 2024 to Mar 31, 2025
- Corporate clients · unset to 3.0Mar 31, 2024 to Mar 31, 2025
- HNW clients · 19 to 11Mar 31, 2024 to Mar 31, 2025
- Individual clients · 81 to 53Mar 31, 2024 to Mar 31, 2025
- Pension plan clients · 40 to 14Mar 31, 2024 to Mar 31, 2025
- Pooled vehicle clients · unset to 9.0Mar 31, 2024 to Mar 31, 2025
- Employees · 52 to 94Mar 31, 2024 to Mar 31, 2025
- Insurance-licensed employees · 0 to 1Mar 31, 2024 to Mar 31, 2025
- Financial planning clients · 101-250 to 1-10Mar 31, 2024 to Mar 31, 2025
- Other offices · 1 to 4Mar 31, 2024 to Mar 31, 2025
- Discretionary RAUM · $11B to $27BMar 31, 2024 to Mar 31, 2025
- HNW RAUM · $45.2M to $25.6MMar 31, 2024 to Mar 31, 2025
- Individual RAUM · $15.2M to $12.4MMar 31, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $637M to $0Mar 31, 2024 to Mar 31, 2025
- Pension RAUM · $40.0M to $18.5MMar 31, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · unset to 649836208.0Mar 31, 2024 to Mar 31, 2025
- RAUM · $11B to $27BMar 31, 2024 to Mar 31, 2025
- Wrap assets (manager) · 4916176.0 to unsetMar 31, 2024 to Mar 31, 2025
Signals
18 dated events
- Tidal Investments Llc reported RAUM $45.8B, up 68% from $27.3B (2026-01-30 to 2026-03-27)Mar 27, 2026 · RAUM change · derived
- Tidal Investments Llc reported RAUM $27.3B, up 140% from $11.3B (2024-03-31 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- John Patrick Lowrey left Tidal Investments Llc for Silver Anchor Financial, Llc (registered 2024-05-24)Jan 9, 2025 · Advisor changed firm · fact
- Tidal Investments Llc reported RAUM $11.3B, up 103% from $5.6B (2023-11-28 to 2024-03-31)Mar 31, 2024 · RAUM change · derived
- Walter Eric Falkeis (Chief Operating Officer) appeared on Schedule A of Tidal Investments LlcMar 31, 2024 · Control person joined · fact
- Jacob Ronnie Riven (Chief Financial Officer) appeared on Schedule A of Tidal Investments LlcMar 31, 2024 · Control person joined · fact
- Juan Carlos Avila left Tidal Investments Llc for Centric Wealth Management, Llc (registered 2023-05-05)Sep 6, 2023 · Advisor changed firm · fact
- James Bernard Carroll left Tidal Investments Llc for Ballast Rock Private Wealth (registered 2023-09-12)Sep 6, 2023 · Advisor changed firm · fact
- James Hofheimer left Tidal Investments Llc for Morgan Stanley (registered 2023-07-28)Aug 23, 2023 · Advisor changed firm · fact
- Tidal Investments Llc reported RAUM $5.6B, down 32% from $8.2B (2022-03-31 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Clark Gavin Filmore (Chief Operating Officer) appeared on Schedule A of Tidal Investments LlcMar 31, 2023 · Control person joined · fact
- Henderson William Woolverton (Chief Compliance Officer) appeared on Schedule A of Tidal Investments LlcMar 31, 2023 · Control person joined · fact
- Michael Vostrizansky (Director) appeared on Schedule A of Tidal Investments LlcMar 31, 2023 · Control person joined · fact
- Clifford Douglas Rescho (Director) appeared on Schedule A of Tidal Investments LlcMar 31, 2023 · Control person joined · fact
- Tidal Investments Llc reported RAUM $8.2B, up 46% from $5.6B (2021-07-07 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Tidal Investments Llc reported RAUM $5.6B, up 218% from $1.8B (2020-06-11 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Tidal Investments Llc reported RAUM $1.8B, up 108% from $846.5M (2019-10-11 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Toroso Investments, Llc filed its initial SEC registration (Form ADV)Jun 25, 2012 · 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
- Firm profile
- LINKEDIN.COM/COMPANY/FIRE-ETFSreportedpublic record, Form ADV, Sep 18, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/BATTLE-SHARESreportedpublic record, Form ADV, Sep 18, 2026
- Website
- BATTLE-SHARES.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 855-843-2534reportedpublic 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