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.

Former SEC-registered adviser

Fundamental Global Investors, LLC

Former SEC-registered adviserMooresville, North CarolinaCRD 164299SEC 801-76977IAPD
Latest filing Mar 31, 2021
First filing on the tape Jul 25, 2012 · 30 filings
RAUM
$128M
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
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
13
$127M gross assets
History
30 filings and snapshots on the tape
RAUM$128M as of Mar 31, 2021
Mar 5, 2013$30.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)4 as of Mar 31, 2021
Mar 5, 20130 then
Employees (5.A)6 as of Mar 31, 2021
Mar 5, 20136 then
Private funds13 as of Mar 31, 2021
Mar 5, 20131 then
RAUM +0.3% over the last fiscal year+14% a year over threeIARs 0 to 4offices 2 to 1
Practice profile
derived from the filing of Mar 31, 2021; every figure names its basis
RAUM per advisor
$32.0MderivedRAUM 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
$8.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+0.3%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 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)
  • 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$128M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
15reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, 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
      Fgi Metrolina Property Income Fund, LPReal Estate Fund$9.1M36Mar 29, 2017
      Fgi Global Asset Allocation Fund, Ltd.Hedge Fund$5.8M2Mar 31, 2015
      Fundamental Global Venture Partners, LPVenture Capital Fund$4.8M1Dec 2, 2019
      Cwa Fgi Special Opportunities Fund II, LPno longer reportedOther Private Fund$2.5M2Feb 20, 2019
      Fgi Global Asset Allocation Offshore Fund, Ltd.Hedge Fund$2.1M13Dec 9, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • Kyle Daniel Cerminara · Manager And Membercontrol
        since 06/2012 · owns 25% to 50%
      • Mckay Lewis Johnson · Manager And Membercontrol
        since 06/2012 · owns 25% to 50%
      • Hugh Joseph Moglia · Membercontrol
        since 06/2012 · owns 25% to 50%
      • Lance Jeffrey Sutton · Chief Operating Officer And Chief Compliance Officercontrol
        since 10/2015 · owns less than 5%
      Related persons
      Schedule D 7.A
      • Cwa Asset Management Group
        investment advisernRAUM $4.5B
      • Cwa Fgi Special Opportunities Fund Gp, LLC
        pooled vehicle sponsorn
      • Cwa Naples, LLC
        investment advisernRAUM $191M
      • Fg Partners Gp, LLC
        pooled vehicle sponsorn
      • Fg Spac Partners Gp, LLC
        pooled vehicle sponsorn
      • Fg Special Situations Fund Gp, LLC
        pooled vehicle sponsorn
      • Fgi 1347 Gp, LLC
        pooled vehicle sponsorn
      • Fgi Global Asset Allocation Gp, LLC
        pooled vehicle sponsorn
      • Fgi Holdings Gp, LLC
        pooled vehicle sponsorn
      • Fgi Metrolina Gp, LLC
        pooled vehicle sponsorn
      • Fundamental Activist Fund I Gp, LLC
        pooled vehicle sponsorn
      • Fundamental Global Capital Appreciation Gp, LLC
        pooled vehicle sponsorn
      • Fundamental Global Gp, LLC
        pooled vehicle sponsorn
      • Fundamental Global Partners Gp, LLC
        pooled vehicle sponsorn
      Advisers that list Fundamental Global Investors, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Naples, FL2 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 4 to 6
        Sep 25, 2020 to Mar 31, 2021
      • Employees · 10 to 6
        Sep 25, 2020 to Mar 31, 2021
      • Insurance-licensed employees · 6 to 4
        Sep 25, 2020 to Mar 31, 2021
      • HQ city · CHARLOTTE to MOORESVILLE
        Sep 25, 2020 to Mar 31, 2021
      • State-registered IARs · 0 to 4
        Sep 25, 2020 to Mar 31, 2021
      • Other offices · 2 to 1
        Sep 25, 2020 to Mar 31, 2021
      • Private funds · 14 to 13
        Sep 25, 2020 to Mar 31, 2021
      • Discretionary RAUM · $127M to $128M
        Sep 25, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $127M to $128M
        Sep 25, 2020 to Mar 31, 2021
      • RAUM · $127M to $128M
        Sep 25, 2020 to Mar 31, 2021
      • Related bank · true to false
        Sep 25, 2020 to Mar 31, 2021
      • Related broker-dealer · true to false
        Sep 25, 2020 to Mar 31, 2021
      • Private funds · 13 to 14
        Aug 12, 2020 to Sep 25, 2020
      • Accounts · 14 to 15
        Apr 29, 2020 to Aug 12, 2020
      • Pooled vehicle clients · 14 to 15
        Apr 29, 2020 to Aug 12, 2020
      • Private funds · 12 to 13
        Apr 29, 2020 to Aug 12, 2020
      • Accounts · 15 to 14
        Dec 2, 2019 to Mar 30, 2020
      • Advisory activities · 1 to 2
        Dec 2, 2019 to Mar 30, 2020
      • Pooled vehicle clients · 15 to 14
        Dec 2, 2019 to Mar 30, 2020
      • Private funds · 13 to 12
        Dec 2, 2019 to Mar 30, 2020
      • Discretionary RAUM · $129M to $127M
        Dec 2, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $129M to $127M
        Dec 2, 2019 to Mar 30, 2020
      • RAUM · $129M to $127M
        Dec 2, 2019 to Mar 30, 2020
      • Accounts · 14 to 15
        Mar 26, 2019 to Dec 2, 2019
      • Pooled vehicle clients · 14 to 15
        Mar 26, 2019 to Dec 2, 2019
      • Private funds · 12 to 13
        Mar 26, 2019 to Dec 2, 2019
      • Discretionary RAUM · $69.0M to $129M
        Mar 26, 2019 to Dec 2, 2019
      • Pooled vehicle RAUM · $69.0M to $129M
        Mar 26, 2019 to Dec 2, 2019
      • RAUM · $69.0M to $129M
        Mar 26, 2019 to Dec 2, 2019
      • Accounts · 12 to 14
        Feb 20, 2019 to Mar 26, 2019
      • Advisory employees · 8 to 4
        Feb 20, 2019 to Mar 26, 2019
      • Pooled vehicle clients · 12 to 14
        Feb 20, 2019 to Mar 26, 2019
      • Employees · 20 to 10
        Feb 20, 2019 to Mar 26, 2019
      • Insurance-licensed employees · 4 to 6
        Feb 20, 2019 to Mar 26, 2019
      • Private funds · 11 to 12
        Feb 20, 2019 to Mar 26, 2019
      • Discretionary RAUM · $86.5M to $69.0M
        Feb 20, 2019 to Mar 26, 2019
      • Pooled vehicle RAUM · $86.5M to $69.0M
        Feb 20, 2019 to Mar 26, 2019
      • RAUM · $86.5M to $69.0M
        Feb 20, 2019 to Mar 26, 2019
      • Private funds · 10 to 11
        Jun 29, 2018 to Feb 20, 2019
      • Accounts · 11 to 12
        Mar 28, 2018 to Jun 29, 2018
      Signals
      1 dated events
      • Fundamental Global Investors, Llc filed its initial SEC registration (Form ADV)
        Jul 25, 2012 · First SEC registration · fact
      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
      Across the graphs

      Fundamental Global Investors, LLC is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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