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

A••• F••••••••• A••••••• L••

Other adviserNew York, New YorkCRD 168642SEC 801-80306IAPD
Latest filing Mar 24, 2026
First filing on the tape Aug 29, 2014 · 26 filings
SEC status approved since Sep 12, 2014
RAUM
$466M
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
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
13
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$466M as of Mar 24, 2026
Mar 31, 2015$279M then
HNW client RAUM$164,000 as of Mar 30, 2021
Mar 21, 2018$7.0M then
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 31, 20150 then
Employees (5.A)5 as of Mar 24, 2026
Mar 31, 20158 then
Private funds13 as of Mar 24, 2026
Mar 31, 20153 then
RAUM -29% over the last fiscal year-36% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
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
$25.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
67%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
-29%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
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)
  • 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
  • Pension and profit-sharing plans$303M65%
  • Pooled investment vehicles$154M33%
  • Insurance companies$9.0M1.9%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
18reported
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=0.33 institutional_share=0.67 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
      28 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A••• F••••••••• A••••••• S• L•• • B••••••••• S••••• 1•Hedge Fund$532M1Mar 30, 2021
      A•• S••no longer reportedHedge Fund$134M4Aug 29, 2014
      A••• F••••••••• A••••••• M••••• L•••Hedge Fund$131M21Apr 1, 2014
      A••• F••••••••• A••••••• S• L•• • B••••••••• S••••• 2•Hedge Fund$96.3M1Mar 30, 2021
      A••• F••••••••• A••••••• S• L•• • B••••••••• S••••• 3•no longer reportedHedge Fund$74.3M1Mar 30, 2021
      A•• S•• I•no longer reportedHedge Fund$50.0M1Mar 31, 2015
      A••• F••••••••• A••••••• S• L••no longer reportedHedge Fund$37.4M17Mar 31, 2017
      A••• F••••••••• A••••••• S• L•• • S••••• O•Hedge Fund$24.3M14Mar 19, 2020
      A••• F••••••••• A••••••• S• L•• • S••••• Q•Hedge Fund$14.5M2Mar 30, 2021
      A••• F••••••••• A••••••• S• L•• • S••••• T•Hedge Fund$11.6M2May 24, 2022
      A••• F••••••••• A••••••• S• L•• • S••••• S•Hedge Fund$9.0M2Mar 30, 2021
      A••• F••••••••• A••••••• S• L•• • S••••• W•Hedge Fund$5.7M9Feb 21, 2023
      A••• F••••••••• A••••••• S• L•• • S••••• C•Hedge Fund$5.6M1Mar 19, 2020
      A••• F••••••••• A••••••• S• L•• • S••••• A••no longer reportedHedge Fund$5.0M2Aug 26, 2021
      A••• F••••••••• A••••••• S• L•• • S••••• G•Hedge Fund$2.8M3Apr 12, 2019
      A••• F••••••••• A••••••• S• L•• • S••••• H•Hedge Fund$2.3M4Apr 12, 2019
      A••• F••••••••• A••••••• S• L•• • S••••• K•no longer reportedHedge Fund$1.8M2Apr 12, 2019
      A••• F••••••••• A••••••• S• L•• • S••••• J•no longer reportedHedge Fund$1.7M2Apr 12, 2019
      A••• F••••••••• A••••••• S• L•• • S••••• E•no longer reportedHedge Fund$953,0004Apr 12, 2019
      A••• F••••••••• A••••••• S• L•• • S••••• U•Hedge Fund$510,0002Aug 22, 2022
      A••• F••••••••• A••••••• S• L•• • S••••• M•Hedge Fund$365,0007Apr 12, 2019
      A••• F••••••••• A••••••• S• L•• • S••••• N•Hedge Fund$330,0005Mar 19, 2020
      A••• F••••••••• A••••••• S• L•• • S••••• A••no longer reportedHedge Fund$90,0002Aug 26, 2021
      A••• F••••••••• A••••••• S• L•• • S••••• V•Hedge Fund$53,0003Nov 10, 2022
      A••• F••••••••• A••••••• S• L•• • S••••• D•no longer reportedHedge Fund$49,0000Apr 12, 2019
      A••• F••••••••• A••••••• S• L•• • S••••• P•Hedge Fund$19,0007Mar 19, 2020
      A••• F••••••••• A••••••• S• L•• • S••••• R•no longer reportedHedge Fund$13,0002Mar 30, 2021
      A••• F••••••••• A••••••• S• L•• • S••••• L•Hedge Fund$4,0002Apr 12, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••• J••••• · Managing Membercontrol
        since 01/2013 · owns 50% to 75%
      • L•• G•••••• · Managing Membercontrol
        since 01/2013 · owns 50% to 75%
      • P••••••••• S••••• K••• · Chief Compliance Officercontrol
        since 03/2018 · owns less than 5%
      Related persons
      Schedule D 7.A
      Advisers that list A••• F••••••••• A••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 24, 2026
        RAUM (Item 5.F) moved from $659,599,000 to $465,759,000 (-29.0%) between the annual amendments of 2025-04-17 and 2026-03-24; the peer median change was +8.0% (161 comparable advisers, 9.0th percentile of changes)
        peers: other advisers, $100M to $500M (161) · 8.8% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 21 to 18
        Apr 17, 2025 to Mar 24, 2026
      • Private funds · 16 to 13
        Apr 17, 2025 to Mar 24, 2026
      • Discretionary RAUM · $645M to $466M
        Apr 17, 2025 to Mar 24, 2026
      • Non-discretionary RAUM · $14.2M to $0
        Apr 17, 2025 to Mar 24, 2026
      • Pension RAUM · $443M to $303M
        Apr 17, 2025 to Mar 24, 2026
      • Pooled vehicle RAUM · $202M to $154M
        Apr 17, 2025 to Mar 24, 2026
      • RAUM · $660M to $466M
        Apr 17, 2025 to Mar 24, 2026
      • Financial planning clients · unset to
        Mar 5, 2025 to Apr 17, 2025
      • Accounts · 22 to 21
        Jul 23, 2024 to Mar 5, 2025
      • Advisory employees · 5 to 4
        Jul 23, 2024 to Mar 5, 2025
      • Pooled vehicle clients · 19 to 18
        Jul 23, 2024 to Mar 5, 2025
      • Employees · 6 to 5
        Jul 23, 2024 to Mar 5, 2025
      • Private funds · 17 to 16
        Jul 23, 2024 to Mar 5, 2025
      • Discretionary RAUM · $723M to $645M
        Jul 23, 2024 to Mar 5, 2025
      • Non-discretionary RAUM · $628M to $14.2M
        Jul 23, 2024 to Mar 5, 2025
      • Pension RAUM · $440M to $443M
        Jul 23, 2024 to Mar 5, 2025
      • Pooled vehicle RAUM · $836M to $202M
        Jul 23, 2024 to Mar 5, 2025
      • RAUM · $1.4B to $660M
        Jul 23, 2024 to Mar 5, 2025
      • Related adviser · false to true
        Mar 21, 2024 to Jul 23, 2024
      • Accounts · 24 to 22
        Mar 31, 2023 to Mar 21, 2024
      • Advisory employees · 4 to 5
        Mar 31, 2023 to Mar 21, 2024
      • Pooled vehicle clients · 21 to 19
        Mar 31, 2023 to Mar 21, 2024
      • Employees · 5 to 6
        Mar 31, 2023 to Mar 21, 2024
      • Private funds · 19 to 17
        Mar 31, 2023 to Mar 21, 2024
      • Discretionary RAUM · $553M to $723M
        Mar 31, 2023 to Mar 21, 2024
      • Non-discretionary RAUM · $1.3B to $628M
        Mar 31, 2023 to Mar 21, 2024
      • Pension RAUM · $364M to $440M
        Mar 31, 2023 to Mar 21, 2024
      • Pooled vehicle RAUM · $1.4B to $836M
        Mar 31, 2023 to Mar 21, 2024
      • RAUM · $1.8B to $1.4B
        Mar 31, 2023 to Mar 21, 2024
      • Accounts · 22 to 24
        Feb 21, 2023 to Mar 31, 2023
      • Advisory employees · 3 to 4
        Feb 21, 2023 to Mar 31, 2023
      • Pension plan clients · 2.0 to unset
        Feb 21, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 20 to 21
        Feb 21, 2023 to Mar 31, 2023
      • Employees · 4 to 5
        Feb 21, 2023 to Mar 31, 2023
      • Private funds · 21 to 19
        Feb 21, 2023 to Mar 31, 2023
      • Discretionary RAUM · $630M to $553M
        Feb 21, 2023 to Mar 31, 2023
      • Non-discretionary RAUM · $1.8B to $1.3B
        Feb 21, 2023 to Mar 31, 2023
      • Pension RAUM · $382M to $364M
        Feb 21, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $2.0B to $1.4B
        Feb 21, 2023 to Mar 31, 2023
      • RAUM · $2.4B to $1.8B
        Feb 21, 2023 to Mar 31, 2023
      Signals
      7 dated events
      • A••• F••••••••• A••••••• L•• reported RAUM $465.8M, down 29% from $659.6M (2025-04-17 to 2026-03-24)
        Mar 24, 2026 · RAUM change · derived
      • A••• F••••••••• A••••••• L•• reported RAUM $659.6M, down 51% from $1.4B (2024-07-23 to 2025-03-05)
        Mar 5, 2025 · RAUM change · derived
      • A••• F••••••••• A••••••• L•• reported RAUM $1.4B, down 25% from $1.8B (2023-03-31 to 2024-03-21)
        Mar 21, 2024 · RAUM change · derived
      • A••• F••••••••• A••••••• L•• reported RAUM $1.8B, down 26% from $2.4B (2023-02-21 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • A••• F••••••••• A••••••• L•• reported RAUM $2.4B, down 36% from $3.8B (2021-08-26 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • A••• F••••••••• A••••••• L•• reported RAUM $3.8B, up 1349% from $261.8M (2020-10-29 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • A••• F••••••••• A••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 29, 2014 · 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
      212-319-1778reportedpublic record, Form ADV, Mar 24, 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
      Other 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