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
N••••••••• C•••••• M••••••••• U•• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 31, 2014 · 17 filings
SEC status approved since Apr 15, 2014
RAUM
$103M
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
9
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$103M as of Mar 31, 2026
Mar 31, 2015$353M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20150 then
Employees (5.A)9 as of Mar 31, 2026
Mar 31, 20159 then
Private funds6 as of Mar 31, 2026
Mar 31, 20152 then
RAUM -27% over the last fiscal year-29% a year over threeIARs 0 to 0
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
- unknownderivedHNW RAUM over HNW clients
- Average account
- $14.8MderivedRAUM 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
- -27%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- commissionsreportedItem 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)
- 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$103M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 7reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- commissionsreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 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
11 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N••••••••• T•••••••• F••• | Hedge Fund | $119M | 68 | Oct 22, 2013 |
| N••••••••• K••• E•••••••• F•••no longer reported | Other Private Fund | $45.0M | 10 | Apr 30, 2021 |
| N••••••••• S••••• L••• O••• L•••• F••• | Hedge Fund | $34.1M | 3 | Apr 30, 2021 |
| N••••••••• C•••••• P••• E••••• F•••no longer reported | Other Private Fund | $31.5M | 14 | Apr 30, 2021 |
| N••••••••• A•• G•••• F•••no longer reported | Hedge Fund | $13.9M | 4 | Apr 30, 2021 |
| N••••••••• C••••• O••••••••• T• L••• | Other Private Fund | $10.0M | 9 | Apr 30, 2021 |
| N••••••••• P•••••• C••••• O••••••••• F••• I• L••• | Other Private Fund | $8.4M | 18 | Apr 30, 2021 |
| N••••••••• A•••••••• S••••• F•••no longer reported | Hedge Fund | $4.3M | 24 | Mar 28, 2018 |
| N••••••••• C••••••• S••••• F•••no longer reported | Hedge Fund | $2.5M | 2 | Mar 20, 2014 |
| N••••••••• M•••••• R••••••• S•••••no longer reported | Other Private Fund | $110,000 | 16 | Apr 30, 2021 |
| N••••••••• M••••• S••••• F•••no longer reported | Hedge Fund | $0 | 0 | Mar 28, 2018 |
Owners and control persons
Schedule A and B, latest filing
- C••••••••• J••• R••••••• M•••••• · Chief Operating Officercontrolsince 02/2020 · owns less than 5%
- K••••••••• A••••• C•••••••• · Chief Compliance Officercontrolsince 03/2009 · owns less than 5%
- R••••••••• J•••••••• M•••• · Managing Partner/Directorcontrolsince 03/2009 · owns 75% or more
Related persons
Schedule D 7.A
- N••••••••• C••••• O••••••••• A••••••••• T• L•••pooled vehicle sponsory
- N••••••••• P•••••• C••••• O••••••••• A••••••••• I• L•••pooled vehicle sponsory
Advisers that list N••••••••• C•••••• M••••••••• U•• L•• as a related person
- 174359 y
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- compensation changedChange between filings · filing Mar 31, 2026commissions (Item 5.E.5): no on the filing of 2025-04-01, yes on the filing of 2026-03-31peers: asset managers, $100M to $500M (1,568)
- RAUM down 25 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $142,199,906 to $103,353,573 (-27.0%) between the annual amendments of 2025-04-01 and 2026-03-31; the peer median change was +4.0% (1147 comparable advisers, 10.0th percentile of changes)peers: asset managers, $100M to $500M (1,147) · 9.9% percentile
- compensation changedChange between filings · filing Mar 31, 2026performance-based compensation (Item 5.E.6): yes on the filing of 2025-04-01, no on the filing of 2026-03-31peers: asset managers, $100M to $500M (1,568)
- employee count dropChange between filings · filing Mar 31, 2026employees (Item 5.A) moved from 13.0 to 9.0 (-31.0%) between the annual amendments of 2025-04-01 and 2026-03-31; the peer median change was 0.0% (393 comparable advisers, 7.0th percentile of changes)peers: asset managers, $100M to $500M (393) · 6.6% percentile
What changed
consecutive filings, newest first
- Advisory employees · 5 to 3Apr 1, 2025 to Mar 31, 2026
- Commission compensation · false to trueApr 1, 2025 to Mar 31, 2026
- Employees · 13 to 9Apr 1, 2025 to Mar 31, 2026
- Private funds · 7 to 6Apr 1, 2025 to Mar 31, 2026
- Discretionary RAUM · $142M to $103MApr 1, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $142M to $103MApr 1, 2025 to Mar 31, 2026
- RAUM · $142M to $103MApr 1, 2025 to Mar 31, 2026
- Accounts · 5 to 7May 16, 2024 to Apr 1, 2025
- Pooled vehicle clients · 5 to 7May 16, 2024 to Apr 1, 2025
- Financial planning clients · unset to May 16, 2024 to Apr 1, 2025
- HQ city · unset to May 16, 2024 to Apr 1, 2025
- HQ state · unset to May 16, 2024 to Apr 1, 2025
- Private funds · 4 to 7May 16, 2024 to Apr 1, 2025
- Discretionary RAUM · $173M to $142MMay 16, 2024 to Apr 1, 2025
- Pooled vehicle RAUM · $173M to $142MMay 16, 2024 to Apr 1, 2025
- RAUM · $173M to $142MMay 16, 2024 to Apr 1, 2025
- Accounts · 7 to 5Mar 31, 2023 to Mar 28, 2024
- Advisory employees · 11 to 5Mar 31, 2023 to Mar 28, 2024
- Pooled vehicle clients · 7 to 5Mar 31, 2023 to Mar 28, 2024
- Assets in custody · 16221162.0 to unsetMar 31, 2023 to Mar 28, 2024
- Custody of client assets · true to falseMar 31, 2023 to Mar 28, 2024
- Employees · 16 to 13Mar 31, 2023 to Mar 28, 2024
- Private funds · 6 to 4Mar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $291M to $173MMar 31, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $291M to $173MMar 31, 2023 to Mar 28, 2024
- RAUM · $291M to $173MMar 31, 2023 to Mar 28, 2024
- Accounts · 8 to 7Mar 31, 2022 to Mar 31, 2023
- Pooled vehicle clients · 8 to 7Mar 31, 2022 to Mar 31, 2023
- HQ city · SOUTH MIAMI to unsetMar 31, 2022 to Mar 31, 2023
- HQ state · FL to unsetMar 31, 2022 to Mar 31, 2023
- Private funds · 7 to 6Mar 31, 2022 to Mar 31, 2023
- Discretionary RAUM · $726M to $291MMar 31, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $726M to $291MMar 31, 2022 to Mar 31, 2023
- RAUM · $726M to $291MMar 31, 2022 to Mar 31, 2023
- Accounts · 10 to 8May 6, 2021 to Mar 31, 2022
- Advisory activities · 2 to 1May 6, 2021 to Mar 31, 2022
- Pooled vehicle clients · 9 to 8May 6, 2021 to Mar 31, 2022
- Assets in custody · $36.8M to $16.2MMay 6, 2021 to Mar 31, 2022
- Private funds · 8 to 7May 6, 2021 to Mar 31, 2022
- Discretionary RAUM · $1.1B to $726MMay 6, 2021 to Mar 31, 2022
Signals
9 dated events
- N••••••••• C•••••• M••••••••• U•• L•• reported RAUM $173.4M, down 40% from $290.8M (2023-03-31 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- N••••••••• C•••••• M••••••••• U•• L•• reported RAUM $290.8M, down 60% from $725.6M (2022-03-31 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- N••••••••• C•••••• M••••••••• U•• L•• reported RAUM $725.6M, down 33% from $1.1B (2021-05-06 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Macchione Monteiro D Eric Fonseca (Managing Partner/Director) no longer on Schedule A of N••••••••• C•••••• M••••••••• U•• L•• (listed 2021-04-02, absent 2021-04-30)Apr 30, 2021 · Control person left · inference
- N••••••••• C•••••• M••••••••• U•• L•• reported RAUM $916.9M, down 42% from $1.6B (2020-04-17 to 2021-04-02)Apr 2, 2021 · RAUM change · derived
- Moreira Jose Ricardo Canhisares (Chief Operating Officer) appeared on Schedule A of N••••••••• C•••••• M••••••••• U•• L••Apr 17, 2020 · Control person joined · fact
- N••••••••• C•••••• M••••••••• U•• L•• reported RAUM $1.3B, up 113% from $601.8M (2018-03-28 to 2019-03-30)Mar 30, 2019 · RAUM change · derived
- N••••••••• C•••••• M••••••••• U•• L•• reported RAUM $601.8M, up 73% from $348.2M (2017-03-31 to 2018-03-28)Mar 28, 2018 · RAUM change · derived
- N••••••••• C•••••• M••••••••• filed its initial SEC registration (Form ADV)Mar 31, 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
- Website
- w••.n••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- +55 (11) 5180-3311reportedpublic 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