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
B•• F••• M•••••• L••
Latest filing Jun 10, 2026
First filing on the tape Sep 30, 2013 · 25 filings
SEC status approved since Oct 7, 2013
RAUM
$487M
reported, Item 5.F
Discretionary
0.0%
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
7
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$487M as of Jun 10, 2026
Mar 27, 2014$819M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 10, 2026
Mar 27, 20140 then
Employees (5.A)7 as of Jun 10, 2026
Mar 27, 201414 then
Private funds5 as of Jun 10, 2026
Mar 27, 20145 then
RAUM -26% over the last fiscal year-13% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 10, 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
- $97.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%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
- -26%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- yesreportedItem 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 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$487M100%
- 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
- $0 for 5 clientsreported
- Compensation
- n/areported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false 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
10 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•• | Real Estate Fund | $144M | 3 | Sep 30, 2013 |
| P••• | Real Estate Fund | $116M | 3 | Mar 27, 2015 |
| P•• | Real Estate Fund | $102M | 2 | Mar 30, 2022 |
| P••no longer reported | Real Estate Fund | $88.4M | 3 | Sep 30, 2013 |
| P•• | Real Estate Fund | $67.8M | 3 | Sep 30, 2013 |
| P•• | Real Estate Fund | $45.8M | 3 | Mar 27, 2015 |
| P••no longer reported | Real Estate Fund | $19.0M | 3 | Mar 27, 2015 |
| P••no longer reported | Real Estate Fund | $1.6M | 3 | Sep 30, 2013 |
| P••no longer reported | Real Estate Fund | $893,828 | 3 | Mar 27, 2015 |
| P••no longer reported | Real Estate Fund | $68,213 | 3 | Sep 30, 2013 |
Owners and control persons
Schedule A and B, latest filing
- H•••••• S••••• W•••••• · Chief Financial Officer/Chief Compliance Officercontrolsince 11/2023 · owns less than 5%
- K••••••• C••• · Managing M•••••controlsince 01/2011 · owns 75% or more of C•• H••••••• L••
- K••••••• P••• · Managing M•••••controlsince 01/2011 · owns 75% or more of P•• H••••••• L••
Entity owners
- C•• H••••••• L•• · M•••••direct · owns 50% to 75%
- P•• H••••••• L•• · M•••••direct · owns 25% to 50%
Related persons
Schedule D 7.A
- B•• G•••• H••••• G• L••pooled vehicle sponsorn
- B•• R•••• M••••• L••pooled vehicle sponsorn
- B•• R•••••••• M••••• L••pooled vehicle sponsorn
- B••••••••• M••••• L••pooled vehicle sponsorn
- J•• H••••••• L••investment companyn
- W•••••• P••• R••• E••••• L••investment companyn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Jun 10, 2026discretionary share of RAUM of 0% against a peer median of 100% (1568 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: ASSET_M••••••, $100M to $500M (1,568) · 0.0% percentile
What changed
consecutive filings, newest first
- Non-discretionary RAUM · $660M to $487MApr 30, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $660M to $487MApr 30, 2025 to Mar 27, 2026
- RAUM · $660M to $487MApr 30, 2025 to Mar 27, 2026
- Financial planning clients · unset to Mar 27, 2024 to Apr 30, 2025
- Non-discretionary RAUM · $652M to $660MMar 27, 2024 to Apr 30, 2025
- Pooled vehicle RAUM · $652M to $660MMar 27, 2024 to Apr 30, 2025
- RAUM · $652M to $660MMar 27, 2024 to Apr 30, 2025
- Advisory employees · 4 to 5Apr 20, 2023 to Mar 27, 2024
- Employees · 9 to 7Apr 20, 2023 to Mar 27, 2024
- Discretionary RAUM · $739M to $0Apr 20, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $0 to $652MApr 20, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $739M to $652MApr 20, 2023 to Mar 27, 2024
- RAUM · $739M to $652MApr 20, 2023 to Mar 27, 2024
- Discretionary RAUM · $0 to $739MMar 30, 2022 to Mar 27, 2023
- Non-discretionary RAUM · $659M to $0Mar 30, 2022 to Mar 27, 2023
- Pooled vehicle RAUM · $659M to $739MMar 30, 2022 to Mar 27, 2023
- RAUM · $659M to $739MMar 30, 2022 to Mar 27, 2023
- Accounts · 4 to 5May 5, 2021 to Mar 30, 2022
- Pooled vehicle clients · 4 to 5May 5, 2021 to Mar 30, 2022
- Private funds · 4 to 5May 5, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $535M to $659MMay 5, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $535M to $659MMay 5, 2021 to Mar 30, 2022
- RAUM · $535M to $659MMay 5, 2021 to Mar 30, 2022
- Advisory employees · 5 to 4Aug 26, 2020 to Mar 26, 2021
- Non-discretionary RAUM · $1.1B to $535MAug 26, 2020 to Mar 26, 2021
- Pooled vehicle RAUM · $1.1B to $535MAug 26, 2020 to Mar 26, 2021
- RAUM · $1.1B to $535MAug 26, 2020 to Mar 26, 2021
- Accounts · 5 to 4Jul 22, 2019 to Mar 30, 2020
- Advisory employees · 19 to 5Jul 22, 2019 to Mar 30, 2020
- Pooled vehicle clients · 5 to 4Jul 22, 2019 to Mar 30, 2020
- Employees · 19 to 9Jul 22, 2019 to Mar 30, 2020
- Private funds · 5 to 4Jul 22, 2019 to Mar 30, 2020
- Discretionary RAUM · $1.4B to $0Jul 22, 2019 to Mar 30, 2020
- Non-discretionary RAUM · $0 to $1.1BJul 22, 2019 to Mar 30, 2020
- Pooled vehicle RAUM · $1.4B to $1.1BJul 22, 2019 to Mar 30, 2020
- RAUM · $1.4B to $1.1BJul 22, 2019 to Mar 30, 2020
- Accounts · 6 to 5Apr 23, 2018 to Mar 19, 2019
- Pooled vehicle clients · 6 to 5Apr 23, 2018 to Mar 19, 2019
- Private funds · 6 to 5Apr 23, 2018 to Mar 19, 2019
- Discretionary RAUM · $0 to $1.4BApr 23, 2018 to Mar 19, 2019
Signals
8 dated events
- B•• F••• M•••••• L•• reported RAUM $487.3M, down 26% from $659.8M (2025-04-30 to 2026-03-27)Mar 27, 2026 · RAUM change · derived
- W•••••• S•••• H••••• (Chief Financial Officer/Chief Compliance Officer) appeared on Schedule A of B•• F••• M•••••• L••Mar 27, 2024 · Control person joined · fact
- James Robert Larson (Chief Financial Officer And Chief Compliance Officer) no longer on Schedule A of B•• F••• M•••••• L•• (listed 2023-04-20, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- B•• F••• M•••••• L•• reported RAUM $535.2M, down 53% from $1.1B (2020-08-26 to 2021-03-26)Mar 26, 2021 · RAUM change · derived
- Kevin Neuner (Chief Compliance Officer And Manager) no longer on Schedule A of B•• F••• M•••••• L•• (listed 2020-03-30, absent 2020-08-26)Aug 26, 2020 · Control person left · inference
- James Robert Larson (Chief Financial Officer And Chief Compliance Officer) appeared on Schedule A of B•• F••• M•••••• L••Aug 26, 2020 · Control person joined · fact
- Graham James Glasgow (Manager) no longer on Schedule A of B•• F••• M•••••• L•• (listed 2019-04-29, absent 2019-07-22)Jul 22, 2019 · Control person left · inference
- B•• F••• M•••••• L•• filed its initial SEC registration (Form ADV)Sep 30, 2013 · 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
- 203-644-1515reportedpublic record, Form ADV, Jun 10, 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 M••••••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
B•• 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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