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
Z••••• P•••••••• L•
Latest filing Apr 6, 2026
First filing on the tape Nov 7, 2012 · 31 filings
SEC status approved since Nov 30, 2012
RAUM
$5.2B
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
32
19 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$5.2B as of Apr 6, 2026
Feb 15, 2013$441M then
HNW client RAUM$0 as of Apr 6, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Apr 6, 2026
Feb 15, 20130 then
Employees (5.A)32 as of Apr 6, 2026
Feb 15, 201316 then
Private funds4 as of Apr 6, 2026
Feb 15, 20133 then
RAUM -34% over the last fiscal year-14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 6, 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
- $327MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 13%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
- -34%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $4.3B, 11 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
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$4.6B87%
- Insurance companies$682M13%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 16reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $4.3B for 11 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.87 institutional_share=0.13 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
9 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Z• M••••• U•••••• F•••• L••• | Hedge Fund | $5.9B | 122 | Feb 13, 2012 |
| Z• E••••• F•••• L•••no longer reported | Hedge Fund | $525M | 36 | Feb 26, 2015 |
| Z••••• M••••• I••••••••• F•••• L••• | Hedge Fund | $453M | 33 | Aug 9, 2016 |
| Z• M••••• M••••• F•••• L••• | Hedge Fund | $370M | 42 | Sep 21, 2020 |
| Z• U•••••• F•••• L•••no longer reported | Hedge Fund | $156M | 31 | Feb 13, 2012 |
| Z• O••••••• U•••••• F•••• L•••no longer reported | Hedge Fund | $130M | 30 | Feb 13, 2012 |
| E• Z••••• L••no longer reported | Hedge Fund | $114M | 15 | Mar 7, 2014 |
| S•••••••• C•• I••••••••• L•••no longer reported | Real Estate Fund | $39.3M | 10 | Mar 30, 2020 |
| S•••••••• T••••• N•• F•••• L• | Real Estate Fund | $27.8M | 11 | Mar 29, 2022 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• B••••••• J••••• · General Counsel And Chief Compliance Officercontrolsince 09/2012 · owns less than 5%
- P•••••••• M•••••••• B••• · Chief Financial Officercontrolsince 01/2013 · owns less than 5%
- Z•••••• S•••••• J•••• · Chief Executive Officercontrolsince 09/2012 · owns less than 5%
- Z•••••• S•••••• J•••• · Membercontrolsince 07/2018 · owns 75% or more of Z••••• F•••••••• S••••••• G•••• L••
Entity owners
- Z••••• P••••••• G•• L•• · General Partnerdirect · owns less than 5%
- Z••••• F•••••••• S••••••• G•••• L•• · Sole Memberindirect · owns 75% or more of Z••••• P••••••• G•• L••
Related persons
Schedule D 7.A
- A••••••• S•••••••• I•••••••• C••••••real estaten
- S•••••••• R••••••••• C•••••• L••••••real estaten
- S•••••••• T••••• N•• F••• G•• L••bankpooled vehicle sponsorn
- Z••••• I••••••••• G•• L••bankpooled vehicle sponsorn
- Z••••• O••••••• I••••••••• G•• L••bankpooled vehicle sponsorn
- Z• M••••• G•• L••bankpooled vehicle sponsorn
- Z• U•••••• G•• L••bankpooled vehicle sponsorn
- Z• U•••••• I•••••••• G• I•• L••bankpooled vehicle sponsorn
- Z• U•••••• I•••••••• G•• L••bankpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Apr 6, 2026RAUM (Item 5.F) moved from $7,905,209,470 to $5,238,017,042 (-34.0%) between the annual amendments of 2025-03-14 and 2026-04-06; the peer median change was +13.0% (631 comparable advisers, 1.0th percentile of changes)peers: asset managers, $5B to $20B (631) · 1.4% percentile
What changed
consecutive filings, newest first
- Accounts · 14 to 16Mar 14, 2025 to Mar 30, 2026
- Advisory employees · 20 to 19Mar 14, 2025 to Mar 30, 2026
- Pooled vehicle clients · 11 to 13Mar 14, 2025 to Mar 30, 2026
- Assets in custody · $7.5B to $4.3BMar 14, 2025 to Mar 30, 2026
- Employees · 37 to 32Mar 14, 2025 to Mar 30, 2026
- Discretionary RAUM · $7.9B to $5.2BMar 14, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $7.5B to $4.6BMar 14, 2025 to Mar 30, 2026
- RAUM · $7.9B to $5.2BMar 14, 2025 to Mar 30, 2026
- Accounts · 13 to 14Mar 27, 2024 to Mar 14, 2025
- Advisory employees · 21 to 20Mar 27, 2024 to Mar 14, 2025
- Pooled vehicle clients · 12 to 11Mar 27, 2024 to Mar 14, 2025
- Assets in custody · $6.8B to $7.5BMar 27, 2024 to Mar 14, 2025
- Employees · 42 to 37Mar 27, 2024 to Mar 14, 2025
- Financial planning clients · unset to Mar 27, 2024 to Mar 14, 2025
- Discretionary RAUM · $6.8B to $7.9BMar 27, 2024 to Mar 14, 2025
- Pooled vehicle RAUM · $6.8B to $7.5BMar 27, 2024 to Mar 14, 2025
- RAUM · $6.8B to $7.9BMar 27, 2024 to Mar 14, 2025
- Assets in custody · $8.2B to $6.8BMar 31, 2023 to Mar 27, 2024
- Employees · 38 to 42Mar 31, 2023 to Mar 27, 2024
- Discretionary RAUM · $8.2B to $6.8BMar 31, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $8.2B to $6.8BMar 31, 2023 to Mar 27, 2024
- RAUM · $8.2B to $6.8BMar 31, 2023 to Mar 27, 2024
- Advisory employees · 24 to 21Apr 27, 2022 to Mar 31, 2023
- Advisory activities · 1 to 2Apr 27, 2022 to Mar 31, 2023
- Pooled vehicle clients · 13 to 12Apr 27, 2022 to Mar 31, 2023
- Assets in custody · $8.7B to $8.2BApr 27, 2022 to Mar 31, 2023
- Employees · 40 to 38Apr 27, 2022 to Mar 31, 2023
- Private funds · 5 to 4Apr 27, 2022 to Mar 31, 2023
- Discretionary RAUM · $8.7B to $8.2BApr 27, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $8.7B to $8.2BApr 27, 2022 to Mar 31, 2023
- RAUM · $8.7B to $8.2BApr 27, 2022 to Mar 31, 2023
- Private funds · 6 to 5Mar 29, 2022 to Apr 27, 2022
- Advisory employees · 20 to 24Nov 12, 2021 to Mar 29, 2022
- Assets in custody · $8.6B to $8.7BNov 12, 2021 to Mar 29, 2022
- Employees · 35 to 40Nov 12, 2021 to Mar 29, 2022
- Other offices · 1 to 0Nov 12, 2021 to Mar 29, 2022
- Discretionary RAUM · $9.0B to $8.7BNov 12, 2021 to Mar 29, 2022
- Pooled vehicle RAUM · $9.0B to $8.7BNov 12, 2021 to Mar 29, 2022
- RAUM · $9.0B to $8.7BNov 12, 2021 to Mar 29, 2022
- Advisory employees · 18 to 20Sep 21, 2020 to Mar 30, 2021
Signals
4 dated events
- Z••••• P•••••••• L• reported RAUM $5.2B, down 34% from $7.9B (2025-03-14 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- Z••••• P•••••••• L• reported RAUM $11.8B, up 28% from $9.2B (2020-03-30 to 2020-09-21)Sep 21, 2020 · RAUM change · derived
- Z••••• P•••••••• L• reported RAUM $10.2B, up 37% from $7.5B (2018-03-29 to 2018-08-10)Aug 10, 2018 · RAUM change · derived
- Z••••• P•••••••• L• filed its initial SEC registration (Form ADV)Nov 7, 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
- 212-371-8688reportedpublic record, Form ADV, Apr 6, 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
Z••••• P•••••••• 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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