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

A•••• F••• M••••••••• L••

Asset manager (funds and pooled vehicles)Philadelphia, PennsylvaniaCRD 164662SEC 801-80193websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Aug 6, 2014 · 19 filings
SEC status approved since Aug 25, 2014
RAUM
$1.1B
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
23
15 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
10
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$1.1B as of Mar 31, 2026
Mar 11, 2015$225M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 31, 2026
Mar 11, 20150 then
Employees (5.A)23 as of Mar 31, 2026
Mar 11, 201516 then
Private funds10 as of Mar 31, 2026
Mar 11, 20153 then
RAUM +0.4% over the last fiscal year-5.4% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$554MderivedRAUM 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
$85.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
11.5derivedItem 5.A over advisors
Advisors per office
0.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+0.4%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
$1.1B, 13 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.1B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
13reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$1.1B for 13 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=2.0derived
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
      10 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••• J•••••• S•••• · Chief Compliance Officer / Chief Operating Officercontrol
        since 04/2014 · owns less than 5%
      • D••••••• A•••••• J••••• · Chief Financial Officercontrol
        since 07/2021 · owns less than 5%
      • S••••••• C••••• A•••• · Chairman & Chief Executive Officercontrol
        since 04/1995 · owns less than 5%
      • N••••• A•••••• M••• · Trusteecontrol
        since 07/2015 · owns F of A••••••• I••••••••• L•
      • N••••• L•••••••• M•••••• · Trusteecontrol
        since 07/2015 · owns F of A••••••• I••••••••• L•
      • S••••••• C••••• A•••• · General Partner And 1% Ownercontrol
        since 04/1995 · owns F of A••••••• Investments, LP
      Entity owners
      • A••••••• I••••••••• L• · Managing Member And 100% Owner Of Member Interests
        direct · owns 75% or more
      • S•••••• F••••• T•••• · Limited Partner And 99% Owner
        indirect · owns 75% or more of A••••••• Investments, LP
      Related persons
      Schedule D 7.A
      • A••••••• I••••••••• L•
        pooled vehicle sponsory
      • C•••• A• S••••••
        investment companypooled vehicle sponsory
      • J••••• S•••••••
        investment companyn
      • T•• A•••• G•••• I•••
        investment companyn
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY1 employees
      • Santa Monica, CA1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 13 to 15
        May 21, 2025 to Mar 31, 2026
      • Assets in custody · $1.1B to $1.1B
        May 21, 2025 to Mar 31, 2026
      • Employees · 20 to 23
        May 21, 2025 to Mar 31, 2026
      • Discretionary RAUM · $1.1B to $1.1B
        May 21, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $1.1B to $1.1B
        May 21, 2025 to Mar 31, 2026
      • RAUM · $1.1B to $1.1B
        May 21, 2025 to Mar 31, 2026
      • Financial planning clients · 0 to 0
        Mar 31, 2025 to May 21, 2025
      • Accounts · 14 to 13
        Mar 28, 2024 to Mar 31, 2025
      • Advisory employees · 15 to 13
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 14 to 13
        Mar 28, 2024 to Mar 31, 2025
      • Assets in custody · $1.2B to $1.1B
        Mar 28, 2024 to Mar 31, 2025
      • Employees · 22 to 20
        Mar 28, 2024 to Mar 31, 2025
      • Private funds · 11 to 10
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $1.2B to $1.1B
        Mar 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $1.2B to $1.1B
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $1.2B to $1.1B
        Mar 28, 2024 to Mar 31, 2025
      • Accounts · 11 to 14
        Mar 31, 2023 to Mar 28, 2024
      • Advisory employees · 14 to 15
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 11 to 14
        Mar 31, 2023 to Mar 28, 2024
      • Assets in custody · $1.3B to $1.2B
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 21 to 22
        Mar 31, 2023 to Mar 28, 2024
      • Private funds · 8 to 11
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $1.3B to $1.2B
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $1.3B to $1.2B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $1.3B to $1.2B
        Mar 31, 2023 to Mar 28, 2024
      • Accounts · 9 to 11
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 12 to 14
        Mar 31, 2022 to Mar 31, 2023
      • BD registered reps · 0 to 2
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 9 to 11
        Mar 31, 2022 to Mar 31, 2023
      • Assets in custody · $1.2B to $1.3B
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 19 to 21
        Mar 31, 2022 to Mar 31, 2023
      • Insurance-licensed employees · 0 to 2
        Mar 31, 2022 to Mar 31, 2023
      • State-registered IARs · 0 to 2
        Mar 31, 2022 to Mar 31, 2023
      • Other offices · 0 to 2
        Mar 31, 2022 to Mar 31, 2023
      • Private funds · 6 to 8
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.2B to $1.3B
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.2B to $1.3B
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $1.2B to $1.3B
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 15 to 12
        Mar 30, 2021 to Mar 31, 2022
      • Assets in custody · $867M to $1.2B
        Mar 30, 2021 to Mar 31, 2022
      Signals
      4 dated events
      • A•••• F••• M••••••••• L•• reported RAUM $1.2B, up 40% from $867.1M (2021-03-30 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • J••••• A••••• D•••••• (Chief Financial Officer) appeared on Schedule A of A•••• F••• M••••••••• L••
        Mar 31, 2022 · Control person joined · fact
      • A•••• F••• M••••••••• L•• reported RAUM $867.1M, up 125% from $385.7M (2020-03-27 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • A•••• F••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 6, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      radv.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      215-735-1313reportedpublic record, Form ADV, Mar 31, 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
      Across the graphs

      A•••• F••• M••••••••• L•• 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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