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

H•••••••••

Asset manager (funds and pooled vehicles)Bath, CRD 164314SEC 801-76855websiteIAPD
Legal name H••••••••• I••••••••• M••••••••• L••
Latest filing Jun 29, 2026
First filing on the tape Jun 22, 2012 · 28 filings
SEC status approved since Jul 9, 2012
RAUM
$935M
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
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$935M as of Jun 29, 2026
Jul 16, 2013$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 29, 2026
Jul 16, 20130 then
Employees (5.A)11 as of Jun 29, 2026
Jul 16, 20139 then
Private funds1 as of Jun 29, 2026
Jul 16, 20131 then
RAUM -46% over the last fiscal year-23% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 29, 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
$187MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.4%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
-11%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 assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$913M98%
  • Charitable organizations$22.2M2.4%
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
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.98 institutional_share=0.02 related_bd=false 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
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      H••••••••• V•••• E••••• F•••Other Private Fund$244M13Jul 16, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • C••••••• S••••• D••••• · Executive Committee Member, Partner, Investment Officercontrol
        since 01/2024 · owns less than 5%
      • C••••• W••••••• B•••• · Executive Committee Member, Partner, Chief Investment Officercontrol
        since 11/2005 · owns less than 5%
      • C•••••••• L•••• A••• · Non-Executive Committee Membercontrol
        since 05/2018 · owns less than 5%
      • M••••••• K••••• L••••• · Executive Committee Member, Partner, Chief Operating Officer, Chief Compliance Officercontrol
        since 07/2018 · owns less than 5%
      • B•••• S••••••• C•••••• · Chairman, Director, Shareholdercontrol
        since 11/2005 · owns 50% to 75% of S••••••••• P••••••• L••••••
      • C••••••• S••••• D••••• · Director, Shareholdercontrol
        since 01/2024 · owns F of H••••••••• L••••••
      • C••••• W••••••• B•••• · Director, Shareholdercontrol
        since 11/2005 · owns F of H••••••••• L••••••
      • C•••••••• L•••• A••• · Directorcontrol
        since 05/2018 · owns F of H••••••••• L••••••
      • M••••••• K••••• L••••• · Directorcontrol
        since 07/2018 · owns F of H••••••••• L••••••
      Entity owners
      • H••••••••• L•••••• · L•••••• Partner
        direct · owns 75% or more
      • S••••••••• P••••••• L•••••• · Shareholder
        indirect · owns 25% to 50% of H••••••••• L••••••
      Related persons
      Schedule D 7.A
      Advisers that list H••••••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $1.3B to $935M
        Nov 20, 2025 to Jun 29, 2026
      • Pooled vehicle RAUM · $1.3B to $913M
        Nov 20, 2025 to Jun 29, 2026
      • RAUM · $1.3B to $935M
        Nov 20, 2025 to Jun 29, 2026
      • Employees · 12 to 11
        Jun 10, 2025 to Nov 20, 2025
      • Financial planning clients · unset to
        Nov 25, 2024 to Jun 10, 2025
      • HQ state · unset to
        Nov 25, 2024 to Jun 10, 2025
      • Discretionary RAUM · $1.5B to $1.3B
        Nov 25, 2024 to Jun 10, 2025
      • Pooled vehicle RAUM · $1.4B to $1.3B
        Nov 25, 2024 to Jun 10, 2025
      • RAUM · $1.5B to $1.3B
        Nov 25, 2024 to Jun 10, 2025
      • Accounts · 4 to 5
        May 30, 2024 to Nov 19, 2024
      • Pooled vehicle clients · 3 to 4
        May 30, 2024 to Nov 19, 2024
      • Discretionary RAUM · $1.5B to $1.5B
        May 30, 2024 to Nov 19, 2024
      • Pooled vehicle RAUM · $1.5B to $1.4B
        May 30, 2024 to Nov 19, 2024
      • RAUM · $1.5B to $1.5B
        May 30, 2024 to Nov 19, 2024
      • Discretionary RAUM · $1.7B to $1.5B
        Mar 8, 2024 to May 30, 2024
      • Pooled vehicle RAUM · $1.6B to $1.5B
        Mar 8, 2024 to May 30, 2024
      • RAUM · $1.7B to $1.5B
        Mar 8, 2024 to May 30, 2024
      • Accounts · 5 to 4
        Nov 2, 2022 to Jul 28, 2023
      • Employees · 11 to 12
        Nov 2, 2022 to Jul 28, 2023
      • Discretionary RAUM · $1.8B to $1.7B
        Nov 2, 2022 to Jul 28, 2023
      • Pooled vehicle RAUM · $1.5B to $1.6B
        Nov 2, 2022 to Jul 28, 2023
      • RAUM · $1.8B to $1.7B
        Nov 2, 2022 to Jul 28, 2023
      • Advisory employees · 5 to 4
        Jul 28, 2022 to Nov 2, 2022
      • Employees · 13 to 11
        Jul 28, 2022 to Nov 2, 2022
      • Advisory employees · 4 to 5
        Jul 22, 2021 to Jul 28, 2022
      • Employees · 12 to 13
        Jul 22, 2021 to Jul 28, 2022
      • Discretionary RAUM · $2.0B to $1.8B
        Jul 22, 2021 to Jul 28, 2022
      • Pooled vehicle RAUM · $1.8B to $1.5B
        Jul 22, 2021 to Jul 28, 2022
      • RAUM · $2.0B to $1.8B
        Jul 22, 2021 to Jul 28, 2022
      • Accounts · 7 to 5
        Jul 23, 2020 to Jul 22, 2021
      • Pooled vehicle clients · 5 to 3
        Jul 23, 2020 to Jul 22, 2021
      • Discretionary RAUM · $1.9B to $2.0B
        Jul 23, 2020 to Jul 22, 2021
      • Pooled vehicle RAUM · $1.6B to $1.8B
        Jul 23, 2020 to Jul 22, 2021
      • RAUM · $1.9B to $2.0B
        Jul 23, 2020 to Jul 22, 2021
      • Employees · 11 to 12
        Jul 19, 2019 to Jul 23, 2020
      • Discretionary RAUM · $2.5B to $1.9B
        Jul 19, 2019 to Jul 23, 2020
      • Pooled vehicle RAUM · $2.1B to $1.6B
        Jul 19, 2019 to Jul 23, 2020
      • RAUM · $2.5B to $1.9B
        Jul 19, 2019 to Jul 23, 2020
      • Employees · 12 to 11
        Jul 26, 2018 to Jul 19, 2019
      • Discretionary RAUM · $2.5B to $2.5B
        Jul 26, 2018 to Jul 19, 2019
      Signals
      6 dated events
      • Heronbridge reported RAUM $935.3M, down 31% from $1.3B (2025-11-20 to 2026-06-29)
        Jun 29, 2026 · RAUM change · derived
      • Peter Thomas Day (Executive Committee Member, Partner, Marketing Officer) no longer on Schedule A of Heronbridge (listed 2024-05-30, absent 2024-11-19)
        Nov 19, 2024 · Control person left · inference
      • Donald Scott Cargill (Executive Committee Member, Partner, Investment Officer) appeared on Schedule A of Heronbridge
        Jan 29, 2024 · Control person joined · fact
      • Marie Benoit Bouchaud (Executive Committee Member, Partner, Chairman, Chief Executive Officer) no longer on Schedule A of Heronbridge (listed 2022-07-28, absent 2022-11-02)
        Nov 2, 2022 · Control person left · inference
      • Christopher Gordon Westwood (Executive Committee Member, Partner) no longer on Schedule A of Heronbridge (listed 2018-07-26, absent 2019-07-19)
        Jul 19, 2019 · Control person left · inference
      • Heronbridge filed its initial SEC registration (Form ADV)
        Jun 22, 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
      Website
      H•••••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      011-441225 328300reportedpublic record, Form ADV, Jun 29, 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