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.

Former SEC-registered adviser

Hgi Capital Management, LLC.

Former SEC-registered adviserNew York, New YorkCRD 168303SEC 801-78639websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Sep 25, 2013 · 25 filings
SEC status approved since Oct 10, 2013
RAUM
$41.6M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.1%
$53,928 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
7 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
2
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$41.6M as of Mar 27, 2026
Mar 26, 2014$83.0M then
HNW client RAUM$53,928 as of Mar 27, 2026
Mar 26, 2019$19.3M then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 26, 20140 then
Employees (5.A)12 as of Mar 27, 2026
Mar 26, 20147 then
Private funds2 as of Mar 27, 2026
Mar 26, 20142 then
RAUM -75% over the last fiscal year-57% 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
$5.9MderivedRAUM 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
unknownderived4 offices incl. principal (1.F.5)
RAUM growth, one year
-75%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
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 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$41.5M100%
  • Corporations and businesses$66,6660.2%
  • High-net-worth individuals$53,9280.1%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Harbor Group International Real Estate Securities Fund, LPHedge Fund$87.4M65Sep 25, 2013
      Harbor Group International Real Estate Securities Master Fund, LPHedge Fund$27.8M12Sep 25, 2013
      Harbor Group International Real Estate Securities Fund II, LPno longer reportedHedge Fund$12,2900Mar 30, 2016
      Owners and control persons
      Schedule A and B, latest filing
      • Roger Christopher Gruszczynski · Chief Legal Officer/ Chief Compliance Officercontrol
        since 04/2022 · owns less than 5%
      • Richard Thomas Jr. Litton · Presidentcontrol
        since 07/2013 · owns less than 5%
      • (Nmn) Saul Lubetski · Vice Chairmancontrol
        since 07/2013 · owns less than 5%
      • Eric Jordan Slone · Chairman/Chief Executive Officercontrol
        since 07/2013 · owns less than 5%
      • Ramey Carla Stoner · Chief Financial Officercontrol
        since 10/2024 · owns less than 5%
      • Eric Jordan Slone · Membercontrol
        since 01/2013 · owns 25% to 50% of Harbor Capital II, LLC
      Entity owners
      • Hgi Res, LLC · Sole Member/Manager
        direct · owns 75% or more
      • Harbor Capital II, LLC · Member
        indirect · owns 25% to 50% of Hgi Res Holdings, LLC
      • Hgi Res Holdings, LLC · Managing Member
        indirect · owns 50% to 75% of Hgi Res, LLC
      Related persons
      Schedule D 7.A
      • Harbor Group Insurance Agency, LLC
        real estaten
      • Harbor Group International, LLC
        investment advisernRAUM $3.8B
      • Harbor Group Management Co., LLC
        investment companyn
      • Hgi Asset Management, LLC
        pooled vehicle sponsorn
      Advisers that list Hgi Capital Management, LLC. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Norfolk, VA3 employees
      • Baltimore, MD2 employees
      • Ramat Gan, Israel2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 7
        Mar 31, 2025 to Mar 27, 2026
      • Advisory employees · 2 to 7
        Mar 31, 2025 to Mar 27, 2026
      • Corporate clients · 3 to 0
        Mar 31, 2025 to Mar 27, 2026
      • Pooled vehicle clients · 5 to 4
        Mar 31, 2025 to Mar 27, 2026
      • Private funds · 3 to 2
        Mar 31, 2025 to Mar 27, 2026
      • Discretionary RAUM · $163M to $41.6M
        Mar 31, 2025 to Mar 27, 2026
      • HNW RAUM · unset to 53928.0
        Mar 31, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $147M to $41.5M
        Mar 31, 2025 to Mar 27, 2026
      • RAUM · $163M to $41.6M
        Mar 31, 2025 to Mar 27, 2026
      • Advisory employees · 3 to 2
        Oct 31, 2024 to Mar 31, 2025
      • Corporate clients · 0 to 3
        Oct 31, 2024 to Mar 31, 2025
      • HNW clients · 5 to 0
        Oct 31, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 3 to 5
        Oct 31, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Oct 31, 2024 to Mar 31, 2025
      • Private funds · 2 to 3
        Oct 31, 2024 to Mar 31, 2025
      • Discretionary RAUM · $186M to $163M
        Oct 31, 2024 to Mar 31, 2025
      • HNW RAUM · 54963521.0 to unset
        Oct 31, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $132M to $147M
        Oct 31, 2024 to Mar 31, 2025
      • RAUM · $186M to $163M
        Oct 31, 2024 to Mar 31, 2025
      • Other offices · 2 to 3
        Jul 24, 2024 to Oct 31, 2024
      • Advisory employees · 5 to 3
        Jul 28, 2023 to Mar 28, 2024
      • Assets in custody · unset to 0.0
        Jul 28, 2023 to Mar 28, 2024
      • Custody of client assets · false to true
        Jul 28, 2023 to Mar 28, 2024
      • Employees · 8 to 12
        Jul 28, 2023 to Mar 28, 2024
      • Discretionary RAUM · $511M to $186M
        Jul 28, 2023 to Mar 28, 2024
      • HNW RAUM · $401M to $55.0M
        Jul 28, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $110M to $132M
        Jul 28, 2023 to Mar 28, 2024
      • RAUM · $511M to $186M
        Jul 28, 2023 to Mar 28, 2024
      • Accounts · 34 to 8
        Jan 24, 2023 to Mar 30, 2023
      • HNW clients · 28 to 5
        Jan 24, 2023 to Mar 30, 2023
      • Pooled vehicle clients · 6 to 3
        Jan 24, 2023 to Mar 30, 2023
      • Assets in custody · 0.0 to unset
        Jan 24, 2023 to Mar 30, 2023
      • Custody of client assets · true to false
        Jan 24, 2023 to Mar 30, 2023
      • Employees · 6 to 8
        Jan 24, 2023 to Mar 30, 2023
      • Discretionary RAUM · $398M to $511M
        Jan 24, 2023 to Mar 30, 2023
      • HNW RAUM · $47.0M to $401M
        Jan 24, 2023 to Mar 30, 2023
      • Pooled vehicle RAUM · $351M to $110M
        Jan 24, 2023 to Mar 30, 2023
      • RAUM · $398M to $511M
        Jan 24, 2023 to Mar 30, 2023
      • Related broker-dealer · true to false
        Jan 24, 2023 to Mar 30, 2023
      • Accounts · 18 to 34
        Jan 7, 2022 to Mar 30, 2022
      Signals
      13 dated events
      • Hgi Capital Management, Llc. no longer on the SEC adviser roster (last listed 2026-05-01, RAUM $41.6M)
        Jun 1, 2026 · Left the SEC roster · derived
      • Hgi Capital Management, Llc. reported RAUM $41.6M, down 75% from $163.4M (2025-03-31 to 2026-03-27)
        Mar 27, 2026 · RAUM change · derived
      • Ramey Carla Stoner (Chief Financial Officer) appeared on Schedule A of Hgi Capital Management, Llc.
        Oct 31, 2024 · Control person joined · fact
      • Toby Robyn Geffner (Chief Financial Officer) no longer on Schedule A of Hgi Capital Management, Llc. (listed 2024-03-28, absent 2024-07-24)
        Jul 24, 2024 · Control person left · inference
      • Hgi Capital Management, Llc. reported RAUM $186.5M, down 64% from $511.0M (2023-07-28 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • Maria Natasha Kassian (Chief Compliance Officer) no longer on Schedule A of Hgi Capital Management, Llc. (listed 2023-03-30, absent 2023-07-28)
        Jul 28, 2023 · Control person left · inference
      • Hgi Capital Management, Llc. reported RAUM $511.0M, up 28% from $398.3M (2023-01-24 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Maria Natasha Kassian (Chief Compliance Officer) appeared on Schedule A of Hgi Capital Management, Llc.
        Jan 24, 2023 · Control person joined · fact
      • Roger Christopher Gruszczynski (Chief Compliance Officer / Chief Legal Officer) appeared on Schedule A of Hgi Capital Management, Llc.
        Jul 25, 2022 · Control person joined · fact
      • Louis Geoffrey Butler (Chief Compliance Officer) no longer on Schedule A of Hgi Capital Management, Llc. (listed 2022-03-30, absent 2022-07-25)
        Jul 25, 2022 · Control person left · inference
      • Ward Lucinda Klevecz (Chief Compliance Officer) no longer on Schedule A of Hgi Capital Management, Llc. (listed 2021-03-25, absent 2022-01-07)
        Jan 7, 2022 · Control person left · inference
      • Louis Geoffrey Butler (Chief Compliance Officer) appeared on Schedule A of Hgi Capital Management, Llc.
        Jan 7, 2022 · Control person joined · fact
      • Hgi Capital Management, Llc. filed its initial SEC registration (Form ADV)
        Sep 25, 2013 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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
      Former SEC-registered adviserderiveda 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