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
S••••• A•••••••
Legal name S••••• A••••••• ••• L••
Latest filing Mar 27, 2026
First filing on the tape Jun 28, 2017 · 15 filings
SEC status approved since Aug 1, 2017
RAUM
$473M
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
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
9
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$473M as of Mar 27, 2026
Mar 23, 2018$213M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 23, 20180 then
Employees (5.A)6 as of Mar 27, 2026
Mar 23, 20183 then
Private funds9 as of Mar 27, 2026
Mar 23, 201812 then
RAUM -7.7% over the last fiscal year-5.4% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 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
- $52.6MderivedRAUM 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
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -7.7%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 pooled vehiclesreportedItem 5.G
- Custody
- $467M, 9 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$473M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 9reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $467M for 9 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=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
13 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M••••••• F••• •••••• M•••••• L••• | Hedge Fund | $520M | 111 | Feb 24, 2014 |
| M••••••• F••• ••••••• L••• | Hedge Fund | $289M | 46 | Feb 24, 2014 |
| M••••••• F••• •••••• I••••••••• L• | Hedge Fund | $289M | 46 | Mar 22, 2017 |
| M••••••• F••• ••• L••• | Hedge Fund | $203M | 64 | Feb 24, 2014 |
| S••••• C•••••• I• ••••••• L• | Private Equity Fund | $33.5M | 11 | Mar 22, 2017 |
| S••••• C•••••••• I• L••••••no longer reported | Private Equity Fund | $7.2M | 6 | Feb 24, 2014 |
| S••••• C•••••• I• ••• L• | Private Equity Fund | $4.4M | 7 | Mar 22, 2017 |
| S••••• C•••••• I•• ••••••• L••• | Private Equity Fund | $3.9M | 20 | Feb 24, 2014 |
| S••••• C•••••• I• ••••••• L•••no longer reported | Private Equity Fund | $834,792 | 17 | Feb 24, 2014 |
| S••••• C•••••• ••••••• L•••no longer reported | Private Equity Fund | $492,452 | 18 | Feb 24, 2014 |
| S••••• C•••••• I•• ••• L••• | Private Equity Fund | $327,840 | 6 | Feb 24, 2014 |
| S••••• C•••••• I• ••• L•••no longer reported | Private Equity Fund | $99,145 | 9 | Feb 24, 2014 |
| S••••• C•••••• ••• L•••no longer reported | Private Equity Fund | $78,759 | 9 | Feb 24, 2014 |
Owners and control persons
Schedule A and B, latest filing
- F••••••••• J••••• B••••• · Managercontrolsince 02/2010 · owns 75% or more
- N••••• A•••••• E•••••• D•••• · Chief Financial Officer And Chief Compliance Officercontrolsince 10/2024 · owns less than 5%
Related persons
Schedule D 7.A
- M••••••• G• ••• L••bankpooled vehicle sponsorn
- S••••• G• ••• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Assets in custody · $496M to $467MMar 31, 2025 to Mar 27, 2026
- Discretionary RAUM · $513M to $473MMar 31, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $513M to $473MMar 31, 2025 to Mar 27, 2026
- RAUM · $513M to $473MMar 31, 2025 to Mar 27, 2026
- Accounts · 10 to 9Oct 1, 2024 to Mar 31, 2025
- Advisory employees · 5 to 4Oct 1, 2024 to Mar 31, 2025
- Advisory activities · 2 to 1Oct 1, 2024 to Mar 31, 2025
- Corporate clients · 1.0 to unsetOct 1, 2024 to Mar 31, 2025
- Pension plan clients · 1.0 to unsetOct 1, 2024 to Mar 31, 2025
- Pooled vehicle clients · 8 to 9Oct 1, 2024 to Mar 31, 2025
- Assets in custody · $10.1M to $496MOct 1, 2024 to Mar 31, 2025
- Employees · 7 to 6Oct 1, 2024 to Mar 31, 2025
- Financial planning clients · unset to Oct 1, 2024 to Mar 31, 2025
- Private funds · 8 to 9Oct 1, 2024 to Mar 31, 2025
- Discretionary RAUM · $572M to $513MOct 1, 2024 to Mar 31, 2025
- Pension RAUM · 1225590.0 to unsetOct 1, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $562M to $513MOct 1, 2024 to Mar 31, 2025
- RAUM · $572M to $513MOct 1, 2024 to Mar 31, 2025
- Advisory activities · 1 to 2Jul 20, 2023 to Mar 28, 2024
- Assets in custody · $552M to $10.1MJul 20, 2023 to Mar 28, 2024
- Discretionary RAUM · $559M to $572MJul 20, 2023 to Mar 28, 2024
- Pension RAUM · $971,612 to $1.2MJul 20, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $552M to $562MJul 20, 2023 to Mar 28, 2024
- RAUM · $559M to $572MJul 20, 2023 to Mar 28, 2024
- Related bank · false to trueJul 20, 2023 to Mar 28, 2024
- Assets in custody · $594M to $552MMar 9, 2022 to Mar 16, 2023
- Employees · 5 to 7Mar 9, 2022 to Mar 16, 2023
- Discretionary RAUM · $603M to $559MMar 9, 2022 to Mar 16, 2023
- Pension RAUM · $1.0M to $971,612Mar 9, 2022 to Mar 16, 2023
- Pooled vehicle RAUM · $594M to $552MMar 9, 2022 to Mar 16, 2023
- RAUM · $603M to $559MMar 9, 2022 to Mar 16, 2023
- Advisory employees · 4 to 5Mar 11, 2021 to Mar 9, 2022
- Corporate clients · unset to 1.0Mar 11, 2021 to Mar 9, 2022
- Pension plan clients · unset to 1.0Mar 11, 2021 to Mar 9, 2022
- Pooled vehicle clients · 10 to 8Mar 11, 2021 to Mar 9, 2022
- Assets in custody · $425M to $594MMar 11, 2021 to Mar 9, 2022
- Employees · 4 to 5Mar 11, 2021 to Mar 9, 2022
- Private funds · 10 to 8Mar 11, 2021 to Mar 9, 2022
- Discretionary RAUM · $425M to $603MMar 11, 2021 to Mar 9, 2022
- Pension RAUM · unset to 1003473.0Mar 11, 2021 to Mar 9, 2022
Signals
6 dated events
- S Charles Kwon (Chief Financial Officer And Chief Compliance Officer) no longer on Schedule A of S••••• A••••••• (listed 2024-03-28, absent 2024-10-01)Oct 1, 2024 · Control person left · inference
- Ephraim Dande Arnold Ngoje (Chief Financial Officer And Chief Compliance Officer) appeared on Schedule A of S••••• A•••••••Oct 1, 2024 · Control person joined · fact
- S Charles Kwon (Chief Financial Officer And Chief Compliance Officer) appeared on Schedule A of S••••• A•••••••Jul 20, 2023 · Control person joined · fact
- Nmn Gregory Liguori (Chief Financial Officer, Chief Compliance Officer) no longer on Schedule A of S••••• A••••••• (listed 2023-03-16, absent 2023-07-20)Jul 20, 2023 · Control person left · inference
- S••••• A••••••• reported RAUM $602.6M, up 42% from $425.0M (2021-03-11 to 2022-03-09)Mar 9, 2022 · RAUM change · derived
- S••••• A••••••• filed its initial SEC registration (Form ADV)Jun 28, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S••••• A••••••• · Independent Sponsorsshared crd · capital_provider
- S••••• A••••••• · Private Equityshared crd · organization
- S••••• A••••••• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/sycale-advisors/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- sycale.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 212-421-1933reportedpublic record, Form ADV, Mar 27, 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