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

B••••••••• C•••••• H•••••••• L••

Asset manager (funds and pooled vehicles)Birmingham, MichiganCRD 169198SEC 801-113423websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape May 11, 2018 · 13 filings
SEC status approved since Jun 8, 2018
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
18
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$466M as of Mar 31, 2026
Mar 29, 2019$210M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 29, 20190 then
Employees (5.A)18 as of Mar 31, 2026
Mar 29, 201918 then
Private funds5 as of Mar 31, 2026
Mar 29, 20194 then
RAUM +7.8% over the last fiscal year+6.3% a year over threeIARs 0 to 0offices 1 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
$51.7MderivedRAUM 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
+7.8%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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$466M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
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=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
      7 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••• N•••••••• S•••• · Managing Partnercontrol
        since 11/2011 · owns less than 5%
      • J••••••• J••••• F•••• · Chief Compliance Officercontrol
        since 11/2011 · owns less than 5%
      • L••••• R••••• J••••••• · Managing Partnercontrol
        since 10/2017 · owns less than 5%
      • L•••• S••••• L•• · Cfocontrol
        since 05/2014 · owns less than 5%
      • T•••••••• B••••• K••••• · Partnercontrol
        since 11/2011 · owns less than 5%
      • C•••••• N•••••••• S•••• · Membercontrol
        since 12/2015 · owns 75% or more of N•• H•••••••• L••
      • J••••••• J••••• F•••• · Membercontrol
        since 12/2015 · owns 75% or more of J•• H•••••••• L••
      • T•••••••• B••••• K••••• · Membercontrol
        since 12/2015 · owns 75% or more of T••••••• H•••••••• L••
      Entity owners
      • J•• H•••••••• L•• · Member
        direct · owns 25% to 50%
      • N•• H•••••••• L•• · Member
        direct · owns 25% to 50%
      • T••••••• H•••••••• L•• · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • B••••••••• C•••••• P••••••• I•• L••
        investment adviserpooled vehicle sponsorn
      • B••••••••• C•••••• P••••••• I••• L••
        investment adviserpooled vehicle sponsorn
      • B••••••••• C•••••• P••••••• V• L••
        investment adviserpooled vehicle sponsorn
      • B••••••••• P••••••• L••
        investment adviserpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Portland, ME3 employees
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 9
        Nov 26, 2025 to Mar 31, 2026
      • Advisory employees · 11 to 12
        Nov 26, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 8 to 9
        Nov 26, 2025 to Mar 31, 2026
      • Employees · 17 to 18
        Nov 26, 2025 to Mar 31, 2026
      • Other offices · 1 to 0
        Nov 26, 2025 to Mar 31, 2026
      • Discretionary RAUM · $432M to $466M
        Nov 26, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $432M to $466M
        Nov 26, 2025 to Mar 31, 2026
      • RAUM · $432M to $466M
        Nov 26, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to May 15, 2025
      • Accounts · 9 to 8
        Mar 29, 2024 to Mar 31, 2025
      • Advisory employees · 12 to 11
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 9 to 8
        Mar 29, 2024 to Mar 31, 2025
      • Employees · 19 to 17
        Mar 29, 2024 to Mar 31, 2025
      • Private funds · 4 to 5
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $403M to $432M
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $403M to $432M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $403M to $432M
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 7 to 9
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 11 to 12
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 7 to 9
        Mar 31, 2023 to Mar 29, 2024
      • Private funds · 3 to 4
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $387M to $403M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $387M to $403M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $387M to $403M
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 8 to 7
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 10 to 11
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 8 to 7
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 18 to 19
        Mar 31, 2022 to Mar 31, 2023
      • Private funds · 4 to 3
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $410M to $387M
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $410M to $387M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $410M to $387M
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 5 to 8
        Aug 10, 2021 to Mar 31, 2022
      • Advisory employees · 11 to 10
        Aug 10, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 5 to 8
        Aug 10, 2021 to Mar 31, 2022
      • Employees · 19 to 18
        Aug 10, 2021 to Mar 31, 2022
      • Other offices · 2 to 1
        Aug 10, 2021 to Mar 31, 2022
      • Discretionary RAUM · $343M to $410M
        Aug 10, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $343M to $410M
        Aug 10, 2021 to Mar 31, 2022
      • RAUM · $343M to $410M
        Aug 10, 2021 to Mar 31, 2022
      Signals
      2 dated events
      • Lee S•••• L••• (Cfo) appeared on Schedule A of B••••••••• C•••••• H•••••••• L••
        Mar 29, 2019 · Control person joined · fact
      • B••••••••• C•••••• H•••••••• L•• filed its initial SEC registration (Form ADV)
        May 11, 2018 · 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/B•••••••••-CAPITALreportedpublic record, Form ADV, Sep 19, 2026
      Website
      B•••••••••CAP.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      (248) 745-1700reportedpublic 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
      Across the graphs

      B••••••••• C•••••• H•••••••• L•• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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