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

P••••••• S••••• S•••••• I••••• M••••••••• L••

Asset manager (funds and pooled vehicles)West Palm Beach, FloridaCRD 165500SEC 801-77270IAPD
Latest filing Mar 25, 2026
First filing on the tape Oct 12, 2012 · 18 filings
SEC status approved since Nov 21, 2012
RAUM
$479M
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
661
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$479M as of Mar 25, 2026
Mar 31, 2015$32.9M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Apr 2, 20130 then
Employees (5.A)661 as of Mar 25, 2026
Apr 2, 2013100 then
Private funds: no history
RAUM -48% over the last fiscal year-19% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 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
$479MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-48%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 investment companiesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$479M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
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=9.0derived
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• J•••• F•••••• · Chairman & Ceocontrol
        since 07/2012 · owns less than 5%
      • E••••••• G••••• M• · Coo & Presidentcontrol
        since 07/2012 · owns less than 5%
      • V•• D•••• K••••••• L•• · Cfo, Cco, Secretary & Treasurercontrol
        since 04/2018 · owns less than 5%
      • B••••• J•••• F•••••• · Membercontrol
        since 10/2004 · owns 75% or more of P••••••• C•••••• M••••••••• L•••
      • B••••••••• E••••• O• R•••••• M•••••• · Membercontrol
        since 12/2001 · owns 25% to 50% of S••••••• H•••••••• L••
      Entity owners
      • P••••••• C•••••• M••••••••• L••• · Member
        direct · owns 50% to 75%
      • S••••••• H•••••••• L•• · Member
        direct · owns 50% to 75%
      Related persons
      Schedule D 7.A
      Advisers that list P••••••• S••••• S•••••• I••••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY6 employees
      • Darien, CT
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • employee count surgeChange between filings · filing Mar 25, 2026
        employees (Item 5.A) moved from 60.0 to 661.0 (+1002.0%) between the annual amendments of 2025-03-27 and 2026-03-25; the peer median change was 0.0% (393 comparable advisers, 100.0th percentile of changes)
        peers: asset managers, $100M to $500M (393) · 100% percentile
      • RAUM down 25 %Change between filings · filing Mar 25, 2026
        RAUM (Item 5.F) moved from $915,719,124 to $479,135,213 (-48.0%) between the annual amendments of 2025-03-27 and 2026-03-25; the peer median change was +4.0% (1148 comparable advisers, 4.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,148) · 3.8% percentile
      What changed
      consecutive filings, newest first
      • BD registered reps · 7 to 9
        Mar 27, 2025 to Mar 25, 2026
      • Employees · 60 to 661
        Mar 27, 2025 to Mar 25, 2026
      • Discretionary RAUM · $916M to $479M
        Mar 27, 2025 to Mar 25, 2026
      • RAUM · $916M to $479M
        Mar 27, 2025 to Mar 25, 2026
      • Advisory employees · 7 to 9
        Jun 14, 2024 to Mar 27, 2025
      • BD registered reps · 5 to 7
        Jun 14, 2024 to Mar 27, 2025
      • Employees · 61 to 60
        Jun 14, 2024 to Mar 27, 2025
      • Financial planning clients · 0 to 0
        Jun 14, 2024 to Mar 27, 2025
      • Discretionary RAUM · $969M to $916M
        Jun 14, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · 0.0 to unset
        Jun 14, 2024 to Mar 27, 2025
      • RAUM · $969M to $916M
        Jun 14, 2024 to Mar 27, 2025
      • Advisory employees · 53 to 7
        Mar 28, 2023 to Mar 26, 2024
      • BD registered reps · 4 to 5
        Mar 28, 2023 to Mar 26, 2024
      • Employees · 107 to 61
        Mar 28, 2023 to Mar 26, 2024
      • Discretionary RAUM · $902M to $969M
        Mar 28, 2023 to Mar 26, 2024
      • RAUM · $902M to $969M
        Mar 28, 2023 to Mar 26, 2024
      • Advisory employees · 47 to 53
        Mar 28, 2022 to Mar 28, 2023
      • BD registered reps · 0 to 4
        Mar 28, 2022 to Mar 28, 2023
      • Employees · 97 to 107
        Mar 28, 2022 to Mar 28, 2023
      • Discretionary RAUM · $509M to $902M
        Mar 28, 2022 to Mar 28, 2023
      • RAUM · $509M to $902M
        Mar 28, 2022 to Mar 28, 2023
      • Related broker-dealer · true to false
        Mar 28, 2022 to Mar 28, 2023
      • Advisory employees · 48 to 47
        Mar 29, 2021 to Mar 28, 2022
      • Employees · 96 to 97
        Mar 29, 2021 to Mar 28, 2022
      • Discretionary RAUM · $607M to $509M
        Mar 29, 2021 to Mar 28, 2022
      • RAUM · $607M to $509M
        Mar 29, 2021 to Mar 28, 2022
      • Advisory employees · 49 to 48
        Mar 27, 2020 to Mar 29, 2021
      • Employees · 103 to 96
        Mar 27, 2020 to Mar 29, 2021
      • HQ city · NEW YORK to WEST PALM BEACH
        Mar 27, 2020 to Mar 29, 2021
      • HQ state · NY to FL
        Mar 27, 2020 to Mar 29, 2021
      • Other offices · 0 to 2
        Mar 27, 2020 to Mar 29, 2021
      • Discretionary RAUM · $571M to $607M
        Mar 27, 2020 to Mar 29, 2021
      • RAUM · $571M to $607M
        Mar 27, 2020 to Mar 29, 2021
      • Advisory employees · 55 to 49
        Mar 29, 2019 to Mar 27, 2020
      • BD registered reps · 3 to 0
        Mar 29, 2019 to Mar 27, 2020
      • Employees · 106 to 103
        Mar 29, 2019 to Mar 27, 2020
      • Other offices · 1 to 0
        Mar 29, 2019 to Mar 27, 2020
      • Discretionary RAUM · $418M to $571M
        Mar 29, 2019 to Mar 27, 2020
      • RAUM · $418M to $571M
        Mar 29, 2019 to Mar 27, 2020
      • Advisory employees · 37 to 55
        Apr 12, 2018 to Mar 29, 2019
      Signals
      5 dated events
      • P••••••• S••••• S•••••• I••••• M••••••••• L•• reported RAUM $479.1M, down 48% from $915.7M (2025-03-27 to 2026-03-25)
        Mar 25, 2026 · RAUM change · derived
      • P••••••• S••••• S•••••• I••••• M••••••••• L•• reported RAUM $901.8M, up 77% from $509.3M (2022-03-28 to 2023-03-28)
        Mar 28, 2023 · RAUM change · derived
      • P••••••• S••••• S•••••• I••••• M••••••••• L•• reported RAUM $571.3M, up 37% from $418.3M (2019-03-29 to 2020-03-27)
        Mar 27, 2020 · RAUM change · derived
      • David Michael Cohen (Executive Vp) no longer on Schedule A of P••••••• S••••• S•••••• I••••• M••••••••• L•• (listed 2019-03-29, absent 2020-03-27)
        Mar 27, 2020 · Control person left · inference
      • P••••••• S••••• S•••••• I••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Oct 12, 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
      Principal office phone
      561-285-4044reportedpublic record, Form ADV, Mar 25, 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