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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

B••••• A•••• M••••••••• ••••••••• C••• L••••••

Asset manager (funds and pooled vehicles)Hong Kong, CRD 168895SEC 801-78507websiteIAPD
Latest filing Apr 2, 2026
First filing on the tape Aug 22, 2013 · 31 filings
SEC status approved since Sep 5, 2013
RAUM
$17B
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
68
15 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$17B as of Apr 2, 2026
Mar 31, 2014$706M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 2, 2026
Mar 31, 20140 then
Employees (5.A)68 as of Apr 2, 2026
Mar 31, 201425 then
Private funds: no history
RAUM +27% over the last fiscal year+17% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 2, 2026; every figure names its basis
Archetypes, each a printed rule
  • b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
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
$320MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.2%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
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$14B, 29 clientsreportedItem 9.A
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.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$14B82%
  • Banks and thrifts$2.1B12%
  • State and municipal entities$696M4.0%
  • Pension and profit-sharing plans$366M2.1%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
3reported
Charitable clients
n/areported
Accounts
54reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$14B for 29 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.82 institutional_share=0.06 related_bd=true 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • L•••• S••••••• · D•••••Orcontrol
        since 06/2016 · owns less than 5%
      • H•• K•• · D•••••Or
        since 12/2022 · owns less than 5%
      • O•• Z•••••• · D•••••Or
        since 12/2022 · owns less than 5%
      • P•••• L•••••• · Head Of Risk, Legal And Compl•••Ce
        since 09/2023 · owns less than 5%
      • W•• H•••••• · D•••••Or
        since 05/2023 · owns less than 5%
      • Z•••• Y• · D•••••Or
        since 12/2022 · owns less than 5%
      Entity owners
      • B••••• A•••• M••••••••• C••• L•••••• · Shareholder
        direct · owns 75% or more
      • C•••• M•••••••• F••• M••••••••• C••• L••• · Shareholder
        direct · owns 25% to 50%
      • C•••• G•••••••• A•••• M••••••••• C••••••••• · Shareholder
        indirect · owns 25% to 50% of B••••• A•••• M••••••••• C••• L••••••
      • C•••• M•••••••• B••• C••• L••• · Shareholder
        indirect · owns 50% to 75% of C•••• M•••••••• F••• M••••••••• C••• L•••
      • C•••• M•••••••• C•••• D••••• I••••••••• L•••••• · Shareholder
        indirect · owns 75% or more of C•••• M•••••••• B••• C••• L•••
      • C•••• M•••••••• F•••••••• H••••••• C••• L••• · Shareholder
        indirect · owns 75% or more of C•• H••••••• L••••••
      • C•••• M•••••••• G•••• L•••••• · Shareholder
        indirect · owns 75% or more of S••••••• Zhaorong Investment Holding Co., L••••••
      • C•••• M•••••••• H••••••• •••• K•••• C•••••• L•••••• · Shareholder
        indirect · owns 50% to 75% of C•••• M•••••••• B••• C••• L•••
      • C•••• M•••••••• S••••••••• C••• L•••••• · Shareholder
        indirect · owns 75% or more of B••••• A•••• M••••••••• C••• L••••••
      • C•••• M•••••••• S•••• N••••••••• C••• L•••••• · Shareholder
        indirect · owns 25% to 50% of C•••• M•••••••• S••••••••• C••• L••••••
      • C•• H••••••• L•••••• · Shareholder
        indirect · owns 75% or more of G••• I•••• L••••••
      • C••• C•••••••• L•••••• · Shareholder
        indirect · owns 75% or more of V••••• H••••••• C•••••• L••••••
      • G••• I•••• L•••••• · Shareholder
        indirect · owns 25% to 50% of C•••• M•••••••• C•••• D••••• I••••••••• L••••••
      • M••••••• O• F•••••• O• T•• P••••••• R••••••• O• C•••• · Shareholder
        indirect · owns 50% to 75% of C•••• G•••••••• A•••• M••••••••• C•••••••••
      • S••••••• C•• Y••• I••••••••• D••••••••• C•••••• L••• · Shareholder
        indirect · owns 50% to 75% of C•••• M•••••••• S••••••••• C••• L••••••
      • S••••••••• A••••• S••••••••• A•• A••••••••• C••••••••• O• S•••• C••••••• P•• · Shareholder
        indirect · owns 75% or more of C•••• M•••••••• G•••• L••••••
      • V••••• H••••••• C•••••• L•••••• · Shareholder
        indirect · owns 50% to 75% of C•••• M•••••••• B••• C••• L•••
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 17 to 15
        Mar 28, 2025 to Apr 2, 2026
      • Pension plan clients · 2 to 3
        Mar 28, 2025 to Apr 2, 2026
      • Pooled vehicle clients · 45 to 46
        Mar 28, 2025 to Apr 2, 2026
      • Assets in custody · $61.5M to $14B
        Mar 28, 2025 to Apr 2, 2026
      • Employees · 63 to 68
        Mar 28, 2025 to Apr 2, 2026
      • Discretionary RAUM · $14B to $17B
        Mar 28, 2025 to Apr 2, 2026
      • Pension RAUM · $470M to $366M
        Mar 28, 2025 to Apr 2, 2026
      • Pooled vehicle RAUM · $11B to $14B
        Mar 28, 2025 to Apr 2, 2026
      • RAUM · $14B to $17B
        Mar 28, 2025 to Apr 2, 2026
      • Accounts · 51 to 54
        Mar 14, 2024 to Mar 28, 2025
      • Advisory employees · 11 to 17
        Mar 14, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 37 to 45
        Mar 14, 2024 to Mar 28, 2025
      • Assets in custody · $97.6M to $61.5M
        Mar 14, 2024 to Mar 28, 2025
      • Employees · 51 to 63
        Mar 14, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 14, 2024 to Mar 28, 2025
      • HQ state · unset to
        Mar 14, 2024 to Mar 28, 2025
      • Discretionary RAUM · $11B to $14B
        Mar 14, 2024 to Mar 28, 2025
      • Pension RAUM · $1.6B to $470M
        Mar 14, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $6.3B to $11B
        Mar 14, 2024 to Mar 28, 2025
      • RAUM · $11B to $14B
        Mar 14, 2024 to Mar 28, 2025
      • Accounts · 46 to 51
        Oct 12, 2023 to Mar 14, 2024
      • Advisory employees · 12 to 11
        Oct 12, 2023 to Mar 14, 2024
      • Assets in custody · unset to 97583777.0
        Oct 12, 2023 to Mar 14, 2024
      • Custody of client assets · false to true
        Oct 12, 2023 to Mar 14, 2024
      • Employees · 50 to 51
        Oct 12, 2023 to Mar 14, 2024
      • Discretionary RAUM · $11B to $11B
        Oct 12, 2023 to Mar 14, 2024
      • Pension RAUM · $1.7B to $1.6B
        Oct 12, 2023 to Mar 14, 2024
      • Pooled vehicle RAUM · $6.7B to $6.3B
        Oct 12, 2023 to Mar 14, 2024
      • RAUM · $11B to $11B
        Oct 12, 2023 to Mar 14, 2024
      • Advisory activities · 3 to 2
        Feb 12, 2023 to Mar 14, 2023
      • Accounts · 35 to 46
        Oct 10, 2022 to Feb 12, 2023
      • Advisory employees · 11 to 12
        Oct 10, 2022 to Feb 12, 2023
      • Pension plan clients · unset to 2.0
        Oct 10, 2022 to Feb 12, 2023
      • Pooled vehicle clients · 26 to 37
        Oct 10, 2022 to Feb 12, 2023
      • Employees · 47 to 50
        Oct 10, 2022 to Feb 12, 2023
      • Discretionary RAUM · $7.1B to $11B
        Oct 10, 2022 to Feb 12, 2023
      • Pension RAUM · $1.7B to $1.7B
        Oct 10, 2022 to Feb 12, 2023
      • Pooled vehicle RAUM · $1.6B to $6.7B
        Oct 10, 2022 to Feb 12, 2023
      • RAUM · $7.1B to $11B
        Oct 10, 2022 to Feb 12, 2023
      • Accounts · 43 to 35
        Mar 30, 2022 to Oct 10, 2022
      Signals
      10 dated events
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• reported RAUM $17.3B, up 27% from $13.6B (2025-03-28 to 2026-04-02)
        Apr 2, 2026 · RAUM change · derived
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• reported RAUM $13.6B, up 26% from $10.8B (2024-03-14 to 2025-03-28)
        Mar 28, 2025 · RAUM change · derived
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• reported RAUM $10.8B, up 52% from $7.1B (2022-10-10 to 2023-02-12)
        Feb 12, 2023 · RAUM change · derived
      • Xiangyang Jiang (Chairman Of Board/Director) no longer on Schedule A of B••••• A•••• M••••••••• ••••••••• C••• L•••••• (listed 2022-10-10, absent 2023-02-12)
        Feb 12, 2023 · Control person left · inference
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• reported RAUM $7.1B, up 202% from $2.3B (2022-03-30 to 2022-10-10)
        Oct 10, 2022 · RAUM change · derived
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• reported RAUM $2.3B, down 75% from $9.4B (2021-04-12 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • W••••• Song (Director) no longer on Schedule A of B••••• A•••• M••••••••• ••••••••• C••• L•••••• (listed 2021-04-12, absent 2022-03-30)
        Mar 30, 2022 · Control person left · inference
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• reported RAUM $9.4B, up 47% from $6.4B (2020-08-01 to 2021-03-22)
        Mar 22, 2021 · RAUM change · derived
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• reported RAUM $6.4B, up 78% from $3.6B (2019-03-25 to 2020-04-03)
        Apr 3, 2020 · RAUM change · derived
      • B••••• A•••• M••••••••• ••••••••• C••• L•••••• filed its initial SEC registration (Form ADV)
        Aug 22, 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•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      852-2537-6658reportedpublic record, Form ADV, Apr 2, 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