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

E•••••••• C••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Old Greenwich, ConnecticutCRD 168311SEC 801-78637websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Sep 25, 2013 · 26 filings
SEC status approved since Nov 4, 2013
RAUM
$415M
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
164
68 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$415M as of Mar 30, 2026
Mar 31, 2014$1.5B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 31, 20140 then
Employees (5.A)164 as of Mar 30, 2026
Mar 31, 2014139 then
Private funds: no history
RAUM -50% over the last fiscal year-27% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$415MderivedRAUM 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
-50%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
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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$415M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
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=true related_bank=true bd_reps=8.0derived
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
      • M••••••• P••••••• B•••• · Chief Compliance Officer & Associate General Counselcontrol
        since 01/2024 · owns less than 5%
      • M•••••••• D•••••• R••••• · General Counselcontrol
        since 04/2013 · owns less than 5%
      • P•••• L•••••••• E••• · Executive Vice Presidentcontrol
        since 07/2012 · owns less than 5%
      • S•••••••• C••••••••• M•• · Chief Financial Officercontrol
        since 04/2018 · owns less than 5%
      • V•••••• M••••••• W•••••• · Chief Executive Officercontrol
        since 07/2012 · owns less than 5%
      • V•••••• M••••••• W•••••• · Limited Partnercontrol
        since 04/2007 · owns 25% to 50% of E•• H•••••••• L•••
      • V•••••• M••••••• W•••••• · Managing Membercontrol
        since 08/1995 · owns 75% or more of V• I••••••••• L•••••
      Entity owners
      • E•••••••• R•• H••••••• L•• · Managing Member
        direct · owns 75% or more
      • E•• H•••••••• L••• · Member
        indirect · owns 75% or more of E•••••••• R•• H••••••• L••
      • V• I••••••••• L••••• · Manager
        indirect · owns F of E•••••••• R•• H••••••• L••
      • V• I••••••••• L••••• · General Partner
        indirect · owns F of E•• H•••••••• L•••
      Related persons
      Schedule D 7.A
      Advisers that list E•••••••• C••••• C•••••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • custody status changedChange between filings · filing Mar 30, 2026
        custody of client assets (Item 9.A): yes on the filing of 2025-03-31, no on the filing of 2026-03-30
        peers: asset managers, $100M to $500M (1,567)
      • RAUM down 25 %Change between filings · filing Mar 30, 2026
        RAUM (Item 5.F) moved from $822,259,000 to $414,963,000 (-50.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was +4.0% (1148 comparable advisers, 3.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,148) · 3.2% percentile
      What changed
      consecutive filings, newest first
      • Assets in custody · $822M to $0
        Mar 31, 2025 to Mar 30, 2026
      • Custody of client assets · true to false
        Mar 31, 2025 to Mar 30, 2026
      • Employees · 160 to 164
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $822M to $415M
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $822M to $415M
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $822M to $415M
        Mar 31, 2025 to Mar 30, 2026
      • Advisory employees · 69 to 68
        Jul 12, 2024 to Mar 31, 2025
      • Business name · E•••••••• R••••••••• M••••••• M••••••••• L•• to E•••••••• C••••• C•••••• M••••••••• L••
        Jul 12, 2024 to Mar 31, 2025
      • Assets in custody · $946M to $822M
        Jul 12, 2024 to Mar 31, 2025
      • Employees · 162 to 160
        Jul 12, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Jul 12, 2024 to Mar 31, 2025
      • Legal name · E•••••••• R••••••••• M••••••• M••••••••• L•• to E•••••••• C••••• C•••••• M••••••••• L••
        Jul 12, 2024 to Mar 31, 2025
      • Discretionary RAUM · $946M to $822M
        Jul 12, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $946M to $822M
        Jul 12, 2024 to Mar 31, 2025
      • RAUM · $946M to $822M
        Jul 12, 2024 to Mar 31, 2025
      • Advisory employees · 71 to 69
        Jan 11, 2024 to Mar 27, 2024
      • BD registered reps · 5 to 8
        Jan 11, 2024 to Mar 27, 2024
      • Assets in custody · $1.1B to $946M
        Jan 11, 2024 to Mar 27, 2024
      • Discretionary RAUM · $1.1B to $946M
        Jan 11, 2024 to Mar 27, 2024
      • Pooled vehicle RAUM · $1.1B to $946M
        Jan 11, 2024 to Mar 27, 2024
      • RAUM · $1.1B to $946M
        Jan 11, 2024 to Mar 27, 2024
      • Advisory employees · 84 to 71
        Mar 29, 2022 to Mar 30, 2023
      • BD registered reps · 0 to 5
        Mar 29, 2022 to Mar 30, 2023
      • Assets in custody · $1.6B to $1.1B
        Mar 29, 2022 to Mar 30, 2023
      • Employees · 173 to 162
        Mar 29, 2022 to Mar 30, 2023
      • Discretionary RAUM · $1.6B to $1.1B
        Mar 29, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $1.6B to $1.1B
        Mar 29, 2022 to Mar 30, 2023
      • RAUM · $1.6B to $1.1B
        Mar 29, 2022 to Mar 30, 2023
      • Related broker-dealer · false to true
        Mar 29, 2022 to Mar 30, 2023
      • Advisory employees · 70 to 84
        Oct 21, 2021 to Mar 29, 2022
      • Assets in custody · $1.2B to $1.6B
        Oct 21, 2021 to Mar 29, 2022
      • Employees · 142 to 173
        Oct 21, 2021 to Mar 29, 2022
      • Discretionary RAUM · $1.2B to $1.6B
        Oct 21, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $1.2B to $1.6B
        Oct 21, 2021 to Mar 29, 2022
      • RAUM · $1.2B to $1.6B
        Oct 21, 2021 to Mar 29, 2022
      • Advisory employees · 61 to 70
        Mar 30, 2020 to Mar 31, 2021
      • Assets in custody · $0 to $1.2B
        Mar 30, 2020 to Mar 31, 2021
      • Employees · 141 to 142
        Mar 30, 2020 to Mar 31, 2021
      • Discretionary RAUM · $1.5B to $1.2B
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $1.5B to $1.2B
        Mar 30, 2020 to Mar 31, 2021
      Signals
      11 dated events
      • E•••••••• C••••• C•••••• M••••••••• L•• reported RAUM $415.0M, down 50% from $822.3M (2025-03-31 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • Brady Patrick Maloney (Chief Compliance Officer & Associate General Counsel) appeared on Schedule A of E•••••••• C••••• C•••••• M••••••••• L••
        Jan 11, 2024 · Control person joined · fact
      • Joseph Daniel Caffarelli (Chief Compliance Officer) no longer on Schedule A of E•••••••• C••••• C•••••• M••••••••• L•• (listed 2023-11-15, absent 2024-01-11)
        Jan 11, 2024 · Control person left · inference
      • E•••••••• C••••• C•••••• M••••••••• L•• reported RAUM $1.1B, down 34% from $1.6B (2022-03-29 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • E•••••••• C••••• C•••••• M••••••••• L•• reported RAUM $1.6B, up 34% from $1.2B (2021-10-21 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • Joseph Daniel Caffarelli (Chief Compliance Officer) appeared on Schedule A of E•••••••• C••••• C•••••• M••••••••• L••
        Mar 29, 2022 · Control person joined · fact
      • S Peter Lin (Chief Compliance Officer) no longer on Schedule A of E•••••••• C••••• C•••••• M••••••••• L•• (listed 2021-05-26, absent 2021-10-21)
        Oct 21, 2021 · Control person left · inference
      • S Peter Lin (Chief Compliance Officer) appeared on Schedule A of E•••••••• C••••• C•••••• M••••••••• L••
        May 26, 2021 · Control person joined · fact
      • Charles David Rice (Chief Compliance Officer) no longer on Schedule A of E•••••••• C••••• C•••••• M••••••••• L•• (listed 2021-05-04, absent 2021-05-26)
        May 26, 2021 · Control person left · inference
      • E•••••••• C••••• C•••••• M••••••••• L•• reported RAUM $1.9B, up 32% from $1.4B (2017-08-30 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      • E•••••••• R••••••••• M••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Sep 25, 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
      Website
      H•••://WWW.EARNREIT.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      203-698-1200reportedpublic record, Form ADV, Mar 30, 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