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••••• E••••• G••••• L•••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 168496SEC 801-78977websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Dec 13, 2013 · 41 filings
SEC status approved since Nov 26, 2013
RAUM
$36B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
4.1%
$1.5B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
171
83 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
35
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$36B as of Mar 31, 2026
Mar 28, 2014$14B then
HNW client RAUM$959M as of Mar 31, 2026
Mar 29, 2018$2.2B then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20140 then
Employees (5.A)171 as of Mar 31, 2026
Mar 28, 201485 then
Private funds35 as of Mar 31, 2026
Mar 28, 201423 then
RAUM -10% over the last fiscal year-6.9% a year over threeIARs 0 to 0offices 2 to 1
Practice profile
derived from the filing of Mar 31, 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
$3.9MderivedHNW RAUM over HNW clients
Average account
$47.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-10%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-18%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$219M, 2 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)
  • 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$29B79%
  • Other investment advisers$1.7B4.7%
  • Investment companies$1.5B4.3%
  • Pension and profit-sharing plans$1.1B3.0%
  • High-net-worth individuals$959M2.6%
  • Charitable organizations$599M1.6%
  • Individuals$537M1.5%
  • Sovereign wealth funds$432M1.2%
  • Corporations and businesses$303M0.8%
  • State and municipal entities$279M0.8%
  • Banks and thrifts$141M0.4%
Individual clients
387reported
HNW clients
249reported
Pension plan clients
10reported
Charitable clients
45reported
Accounts
770reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$219M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.04 fund_share=0.88 institutional_share=0.07 related_bd=false related_bank=true bd_reps=3.0derived
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
      47 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•• P••••••• I•• L•••Hedge Fund$9.6B1,672Mar 30, 2012
      S•• P••••••• O••••••• M••••• F•••• L•••Hedge Fund$5.8B909Mar 30, 2012
      B•• S••••• E••••• M••••• F•••• L•••Other Private Fund$2.1B1Mar 30, 2016
      B••••• S••••• O••••••• M••••• F•••• L•••Hedge Fund$1.5B83Jan 29, 2015
      B••••• S••••• F••• I•• L•••Hedge Fund$1.3B214Nov 26, 2014
      S••••• E••••• F•••• L•••Hedge Fund$1.1B173Mar 30, 2012
      B••••• S••••• F•••• L•••Hedge Fund$1.0B55Nov 26, 2012
      C••••• S••••• F•••• L•••Hedge Fund$959M57Mar 30, 2012
      S••••• E••••• O••••••• M••••• F•••• L•••Hedge Fund$784M82Mar 30, 2012
      S•• P••••••• L•••Hedge Fund$752M74Mar 30, 2012
      L•••••••• S••••• F••• I•• L•••no longer reportedHedge Fund$683M97Mar 30, 2012
      L•••••••• O••••••• M••••• F•••• L•••no longer reportedHedge Fund$441M101Mar 30, 2012
      C••••• S••••• F••• I•• L•••Hedge Fund$425M281Nov 28, 2017
      G•••• J•••• F•••• L•••Hedge Fund$423M80Mar 30, 2012
      S••••••• S••••• O••••••• M••••• F•••• L•••Hedge Fund$396M43Mar 31, 2020
      G•••• J•••• O••••••• M••••• F•••• L•••Hedge Fund$391M28Mar 30, 2012
      S••••• P••••••• E•• M••••• F•••• L•••Hedge Fund$331M6Nov 26, 2012
      S••••••• S••••• F•••• L•••Hedge Fund$326M53Mar 29, 2019
      C••••• S••••• O••••••• M••••• F•••• L•••Hedge Fund$311M18Mar 31, 2021
      S••••••• A••••• L•••Hedge Fund$303M64Nov 27, 2020
      S••••••• S••••• F••• I•• L•••Hedge Fund$250M77Mar 31, 2021
      C••••• S••••• F•••• L•••Hedge Fund$209M38Mar 29, 2018
      L•••••••• S••••• F•••• L•••no longer reportedHedge Fund$196M84Mar 30, 2012
      A•••• P•••• F••• I• L•••Private Equity Fund$158M16Feb 25, 2020
      C••••• S••••• O••••••• M••••• F•••• L•••Hedge Fund$147M67Nov 12, 2013
      L••• P••••••• F•••• L•••no longer reportedHedge Fund$145M2Aug 28, 2012
      A•••• P•••• S•••••• I••••••••• L•••Private Equity Fund$142M25Feb 28, 2019
      L• C••••••••• O••••••• M••••• F•••• L•••no longer reportedHedge Fund$121M5Mar 30, 2012
      S•• L•• O••••••• M••••• F•••• L•••no longer reportedHedge Fund$99.2M2Aug 28, 2012
      H••••• S••••• F•••• L•••Hedge Fund$93.3M22Mar 31, 2020
      S•• B•••••••• F•••• L•••Hedge Fund$88.2M15Mar 30, 2012
      H•••••• A••••••••• L•••Private Equity Fund$68.3M8Feb 28, 2015
      B•••••••• P•••••• F•••• L•••no longer reportedHedge Fund$67.8M2Dec 13, 2013
      P••••••• S••••• O••••••• M••••• F•••• L••no longer reportedHedge Fund$67.4M2Mar 30, 2012
      S•• P••••••• I••• L•••Hedge Fund$40.1M56Aug 8, 2023
      S••••• I••••••••• E•• M••••• F•••• L•••no longer reportedHedge Fund$39.1M4Mar 28, 2014
      S•• V••••• X•••• L•••Venture Capital Fund$37.8M17Mar 31, 2023
      S••••• P••••••• E••• L•••no longer reportedHedge Fund$21.8M2Nov 26, 2012
      S••••••• A•••• I•• L•••Hedge Fund$20.7M7Mar 31, 2022
      A•••• P•••• D••••• I•••••••• I•• L•••Private Equity Fund$19.0M4Feb 25, 2020
      All funds of S••••• E••••• G••••• L•••
      Owners and control persons
      Schedule A and B, latest filing
      • C••••••• D••••• D••••• · Chief Financial Officercontrol
        since 10/2010 · owns less than 5%
      • L••••• E•••••• P••• · Chief Legal Officercontrol
        since 07/2013 · owns less than 5%
      • L••••••• G•••••• S•••••• · Chairmancontrol
        since 01/1990 · owns less than 5%
      • V••••••••• J•••••••• A••• · Chief Compliance Officercontrol
        since 10/2010 · owns less than 5%
      • L••••••• G•••••• S•••••• · L•••••• Partnercontrol
        since 11/2013 · owns 50% to 75% of S••••• E••••• P•••••••• L•••
      • L••••••• G•••••• S•••••• · Managing Membercontrol
        since 11/2013 · owns 75% or more of S••••• E••••• G•• L••
      • L••••••• G•••••• S•••••• · Shareholder And D•••••Orcontrol
        since 11/2013 · owns 75% or more of S•• L••••• S• C••••
      Entity owners
      • S•• L••••• S• C•••• · L•••••• Partner
        direct · owns 5% to 10%
      • S••••• E••••• G•• L•• · General Partner
        direct · owns less than 5%
      • S••••• E••••• P•••••••• L••• · L•••••• Partner
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • A•••• P•••• S• G•• L•••
        pooled vehicle sponsorn
      • A•••• P•••• S• G•• L••
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      • B••••• S••••• H••••••• I•• L••
        bankpooled vehicle sponsorn
      • B••••• S••••• H•••••••• L••
        bankpooled vehicle sponsorn
      • C••••• S••••• H••••••• I•• L••
        bankpooled vehicle sponsorn
      • C••••• S••••• H•••••••• L••
        bankpooled vehicle sponsorn
      • C••••• S••••• H•••••••• L••
        bankpooled vehicle sponsorn
      • F••• P••••• F•••• H•••••••• L••
        bankpooled vehicle sponsorn
      • G•••• J•••• H•••••••• L••
        bankpooled vehicle sponsorn
      • H•••••• H•••••••• L••
        pooled vehicle sponsorn
      • H•• H•••••••• L••
        bankpooled vehicle sponsorn
      • S•• B•••••••• H•••••••• L••
        bankpooled vehicle sponsorn
      • S•• C••••• R••••••• U••
        n
      • S•• P••••••• H••••••• I••• L••
        bankpooled vehicle sponsorn
      • S•• P••••••• H•••••••• L••
        bankpooled vehicle sponsorn
      • S•• P••••••• I• H•••••••• L••
        bankpooled vehicle sponsorn
      • S•• R••••••• H• L••••••
        n
      • S•• V••••• X••• H•••••••• L••
        pooled vehicle sponsorn
      • S••••• E••••• G•••• U• L••••••
        n
      • S••••• E••••• H•••••••• L••
        pooled vehicle sponsorn
      • S••••••• S••••• H••••••• I•• L••
        bankpooled vehicle sponsorn
      • S••••••• S••••• H•••••••• L••
        bankpooled vehicle sponsorn
      • S••••••• A•••• H••••••• I•• L••
        bankpooled vehicle sponsorn
      • S••••••• A•••• H•••••••• L••
        bankpooled vehicle sponsorn
      • W••••••••• S••••• H•••••••• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Seattle, WA6 employees
      • Chicago, IL4 employees
      What changed
      consecutive filings, newest first
      • Accounts · 936 to 770
        Apr 8, 2025 to Mar 31, 2026
      • Advisory employees · 95 to 83
        Apr 8, 2025 to Mar 31, 2026
      • BD registered reps · 0 to 3
        Apr 8, 2025 to Mar 31, 2026
      • Charity clients · 58 to 45
        Apr 8, 2025 to Mar 31, 2026
      • Corporate clients · 8 to 7
        Apr 8, 2025 to Mar 31, 2026
      • HNW clients · 307 to 249
        Apr 8, 2025 to Mar 31, 2026
      • Individual clients · 470 to 387
        Apr 8, 2025 to Mar 31, 2026
      • Pension plan clients · 11 to 10
        Apr 8, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 51 to 50
        Apr 8, 2025 to Mar 31, 2026
      • Assets in custody · $212M to $219M
        Apr 8, 2025 to Mar 31, 2026
      • Employees · 200 to 171
        Apr 8, 2025 to Mar 31, 2026
      • Other offices · 2 to 1
        Apr 8, 2025 to Mar 31, 2026
      • Private funds · 37 to 35
        Apr 8, 2025 to Mar 31, 2026
      • Discretionary RAUM · $41B to $36B
        Apr 8, 2025 to Mar 31, 2026
      • HNW RAUM · $1.3B to $959M
        Apr 8, 2025 to Mar 31, 2026
      • Individual RAUM · $627M to $537M
        Apr 8, 2025 to Mar 31, 2026
      • Pension RAUM · $1.0B to $1.1B
        Apr 8, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $32B to $29B
        Apr 8, 2025 to Mar 31, 2026
      • RAUM · $41B to $36B
        Apr 8, 2025 to Mar 31, 2026
      • Accounts · 1,024 to 936
        Feb 18, 2025 to Apr 8, 2025
      • Advisory employees · 94 to 95
        Feb 18, 2025 to Apr 8, 2025
      • Charity clients · 66 to 58
        Feb 18, 2025 to Apr 8, 2025
      • Corporate clients · 10 to 8
        Feb 18, 2025 to Apr 8, 2025
      • HNW clients · 357 to 307
        Feb 18, 2025 to Apr 8, 2025
      • Individual clients · 494 to 470
        Feb 18, 2025 to Apr 8, 2025
      • Pension plan clients · 17 to 11
        Feb 18, 2025 to Apr 8, 2025
      • Pooled vehicle clients · 47 to 51
        Feb 18, 2025 to Apr 8, 2025
      • Assets in custody · $194M to $212M
        Feb 18, 2025 to Apr 8, 2025
      • Employees · 203 to 200
        Feb 18, 2025 to Apr 8, 2025
      • Financial planning clients · unset to
        Feb 18, 2025 to Apr 8, 2025
      • Discretionary RAUM · $47B to $41B
        Feb 18, 2025 to Apr 8, 2025
      • HNW RAUM · $1.5B to $1.3B
        Feb 18, 2025 to Apr 8, 2025
      • Individual RAUM · $591M to $627M
        Feb 18, 2025 to Apr 8, 2025
      • Pension RAUM · $1.3B to $1.0B
        Feb 18, 2025 to Apr 8, 2025
      • Pooled vehicle RAUM · $37B to $32B
        Feb 18, 2025 to Apr 8, 2025
      • RAUM · $47B to $41B
        Feb 18, 2025 to Apr 8, 2025
      • Private funds · 35 to 37
        Aug 29, 2024 to Feb 18, 2025
      • Private funds · 34 to 35
        Mar 28, 2024 to Aug 29, 2024
      • Accounts · 1,186 to 1,024
        Aug 8, 2023 to Mar 28, 2024
      • Advisory employees · 93 to 94
        Aug 8, 2023 to Mar 28, 2024
      Signals
      6 dated events
      • S••••• E••••• G••••• L••• reported RAUM $58.5B, up 33% from $43.9B (2021-05-10 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Robert James Berman (Executive Vice President) no longer on Schedule A of S••••• E••••• G••••• L••• (listed 2021-05-10, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • S••••• E••••• G••••• L••• reported RAUM $43.9B, up 39% from $31.6B (2020-11-27 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • S••••• E••••• G••••• L••• reported RAUM $31.6B, up 35% from $23.4B (2020-02-25 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • S••••• E••••• G••••• L••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Dec 13, 2013 · Succession (Item 4) · fact
      • S••••• E••••• G••••• L••• filed its initial SEC registration (Form ADV)
        Dec 13, 2013 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/select-equity-groupreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H••••://WWW.S•••••EQUITY.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      (212) 475-8335reportedpublic record, Form ADV, Mar 31, 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