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

H•••••• I••••••••• H• L••••••

Asset manager (funds and pooled vehicles)Central Hong Kong, CRD 170550SEC 801-80677websiteIAPD
Latest filing Apr 1, 2026
First filing on the tape Nov 25, 2014 · 32 filings
SEC status approved since Jan 2, 2015
RAUM
$432M
reported, Item 5.F
Discretionary
99%
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
123
27 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
1
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$432M as of Apr 1, 2026
Jan 28, 2025$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 1, 2026
Mar 31, 20150 then
Employees (5.A)123 as of Apr 1, 2026
Mar 31, 201528 then
Private funds1 as of Apr 1, 2026
Mar 27, 20251 then
RAUM +13% over the last fiscal yearIARs 0 to 0offices 6 to 7
Practice profile
derived from the filing of Apr 1, 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
$39.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived8 offices incl. principal (1.F.5)
RAUM growth, one year
+13%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, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
$18.1M, 4 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$287M66%
  • Corporations and businesses$61.4M14%
  • State and municipal entities$50.6M12%
  • Investment companies$33.3M7.7%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
11reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$18.1M for 4 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.74 institutional_share=0.12 related_bd=true related_bank=true bd_reps=14.0derived
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
      • C••••••••• L•••••••• J••••• · Director And Chief Financial Officercontrol
        since 06/2013 · owns less than 5%
      • S•••••••• H•••••• A••• · Directorcontrol
        since 06/2013 · owns less than 5%
      • T••••••••• M••••• R••••• · Ceo Directorcontrol
        since 06/2013 · owns less than 5%
      Entity owners
      • H•••••• L•• · 100% Shareholder Of H•••••• I••••••••• H• L••••••
        direct · owns 75% or more
      • K• I• L•• · Member Of H•••••• L••
        indirect · owns 75% or more of H•••••• L••
      Related persons
      Schedule D 7.A
      • H••• I• L••
        bankpooled vehicle sponsory
      • H•••••• A•••••• R••• E••••• T••••• L••
        bankpooled vehicle sponsorn
      • H•••••• C•••••• M••••••••• L••
        investment adviserpooled vehicle sponsornRAUM $6.1B
      • H•••••• C••• R••• E••••• D••• I••••• T••••• L••
        bankpooled vehicle sponsorn
      • H•••••• E••••• V•••• P••••••• F••• G•
        pooled vehicle sponsorn
      • H•••••• E••••••• R••••••••• I••••••••• G•
        pooled vehicle sponsorn
      • H•••••• G••••• R••• E••••• P••••••• G•• L••
        bankpooled vehicle sponsorn
      • H•••••• I••••••••• L••
        investment adviserpooled vehicle sponsornRAUM $352M
      • H•••••• I••••••••• R••• E••••• S••••••••• P•• L••••••
        broker-dealerinvestment advisern
      • H•••••• I••••••••• R••• E••••• S••••••••• U• L••••••
        broker-dealern
      • H•••••• L••• S•••••• P••••••• C••••••••• G•• L••
        pooled vehicle sponsorn
      • H•••••• R••• E••••• D••• P••••••• I•• L••
        bankpooled vehicle sponsorn
      • H•••••• R••• E••••• D••• P••••••• I••• L••
        bankpooled vehicle sponsorn
      • H•••••• R••• E••••• S••••••••• L••
        investment advisernRAUM $1.8B
      • H•••••• S••••••••• L••
        broker-dealern
      • H•••••• U• L••••••
        broker-dealern
      • H•••••• V•••• P••••••• I••• L••
        pooled vehicle sponsorn
      • H•••••• V•••• P••••••• I•• L••
        pooled vehicle sponsorn
      • H•••••• V•••• P••••••• V• L••
        pooled vehicle sponsorn
      • H••• I• M••••••••• C•••••• S•••
        pooled vehicle sponsorn
      • R•• A•••• I• G•• L••
        pooled vehicle sponsorn
      Advisers that list H•••••• I••••••••• H• L•••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Chicago, IL18 employees
      • London, United Kingdom2 employees
      • New York, NY2 employees
      • J•••-Gu, Seoul, Korea, South1 employees
      • Melbourne, Australia1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • institutional asset share shiftChange between filings · filing Apr 1, 2026
        institutional share of RAUM moved from 0.0% to 26.0% between the annual amendments of 2025-03-27 and 2026-04-01
        peers: asset managers, $100M to $500M (1,567)
      What changed
      consecutive filings, newest first
      • Accounts · 1 to 11
        Mar 27, 2026 to Apr 1, 2026
      • Corporate clients · unset to 4.0
        Mar 27, 2026 to Apr 1, 2026
      • Pooled vehicle clients · 3 to 8
        Mar 27, 2026 to Apr 1, 2026
      • Discretionary RAUM · $265M to $426M
        Mar 27, 2026 to Apr 1, 2026
      • Non-discretionary RAUM · $0 to $6.2M
        Mar 27, 2026 to Apr 1, 2026
      • Pooled vehicle RAUM · $265M to $287M
        Mar 27, 2026 to Apr 1, 2026
      • RAUM · $265M to $432M
        Mar 27, 2026 to Apr 1, 2026
      • Advisory employees · 30 to 27
        Jan 21, 2026 to Mar 27, 2026
      • BD registered reps · 13 to 14
        Jan 21, 2026 to Mar 27, 2026
      • Pooled vehicle clients · 1 to 3
        Jan 21, 2026 to Mar 27, 2026
      • Assets in custody · $5.3M to $18.1M
        Jan 21, 2026 to Mar 27, 2026
      • Employees · 128 to 123
        Jan 21, 2026 to Mar 27, 2026
      • Other offices · 6 to 7
        Jan 21, 2026 to Mar 27, 2026
      • Discretionary RAUM · $381M to $265M
        Jan 21, 2026 to Mar 27, 2026
      • Pooled vehicle RAUM · $381M to $265M
        Jan 21, 2026 to Mar 27, 2026
      • RAUM · $381M to $265M
        Jan 21, 2026 to Mar 27, 2026
      • Accounts · 0 to 1
        Jan 28, 2025 to Mar 27, 2025
      • Advisory employees · 33 to 30
        Jan 28, 2025 to Mar 27, 2025
      • BD registered reps · 14 to 13
        Jan 28, 2025 to Mar 27, 2025
      • Pooled vehicle clients · unset to 1.0
        Jan 28, 2025 to Mar 27, 2025
      • Assets in custody · $8.5M to $5.3M
        Jan 28, 2025 to Mar 27, 2025
      • Employees · 136 to 128
        Jan 28, 2025 to Mar 27, 2025
      • Financial planning clients · unset to
        Jan 28, 2025 to Mar 27, 2025
      • Other offices · 5 to 6
        Jan 28, 2025 to Mar 27, 2025
      • Private funds · unset to 1
        Jan 28, 2025 to Mar 27, 2025
      • Discretionary RAUM · $0 to $381M
        Jan 28, 2025 to Mar 27, 2025
      • Pooled vehicle RAUM · unset to 381179200.0
        Jan 28, 2025 to Mar 27, 2025
      • RAUM · $0 to $381M
        Jan 28, 2025 to Mar 27, 2025
      • Accounts · unset to 0.0
        Mar 27, 2024 to Jan 28, 2025
      • HQ state · unset to
        Mar 27, 2024 to Jan 28, 2025
      • Discretionary RAUM · unset to 0.0
        Mar 27, 2024 to Jan 28, 2025
      • Non-discretionary RAUM · unset to 0.0
        Mar 27, 2024 to Jan 28, 2025
      • RAUM · unset to 0.0
        Mar 27, 2024 to Jan 28, 2025
      • Advisory employees · 38 to 33
        Apr 24, 2023 to Mar 27, 2024
      • BD registered reps · 16 to 14
        Apr 24, 2023 to Mar 27, 2024
      • Assets in custody · $1.3M to $8.5M
        Apr 24, 2023 to Mar 27, 2024
      • Employees · 134 to 136
        Apr 24, 2023 to Mar 27, 2024
      • Advisory employees · 36 to 38
        May 5, 2022 to Mar 31, 2023
      • BD registered reps · 18 to 16
        May 5, 2022 to Mar 31, 2023
      • Assets in custody · $2.5M to $1.3M
        May 5, 2022 to Mar 31, 2023
      Signals
      10 dated events
      • H•••••• I••••••••• H• L•••••• reported RAUM $431.9M, up 63% from $264.6M (2026-03-27 to 2026-04-01)
        Apr 1, 2026 · RAUM change · derived
      • H•••••• I••••••••• H• L•••••• reported RAUM $264.6M, down 31% from $381.2M (2026-01-21 to 2026-03-27)
        Mar 27, 2026 · RAUM change · derived
      • Anthony Stamato (Head Of Compliance, Executive Vice President And Chief Legal Officer) no longer on Schedule A of H•••••• I••••••••• H• L•••••• (listed 2023-04-24, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • Katherine Mary Ludgin (Investment Committee Member) no longer on Schedule A of H•••••• I••••••••• H• L•••••• (listed 2020-05-20, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Steven Lewis Ingall (Investment Committee Member) no longer on Schedule A of H•••••• I••••••••• H• L•••••• (listed 2019-07-16, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Jung Yun Choi (Investment Committee Member) no longer on Schedule A of H•••••• I••••••••• H• L•••••• (listed 2019-07-16, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Joseph Jerome Claeys (Investment Committee Member) no longer on Schedule A of H•••••• I••••••••• H• L•••••• (listed 2018-10-30, absent 2019-01-25)
        Jan 25, 2019 · Control person left · inference
      • Steven Lewis Ingall (Investment Committee Member) appeared on Schedule A of H•••••• I••••••••• H• L••••••
        Jan 25, 2019 · Control person joined · fact
      • Jung Yun Choi (Investment Committee Member) appeared on Schedule A of H•••••• I••••••••• H• L••••••
        Jan 25, 2019 · Control person joined · fact
      • H•••••• I••••••••• H• L•••••• filed its initial SEC registration (Form ADV)
        Nov 25, 2014 · 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
      Website
      H••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      852 3976 6800reportedpublic record, Form ADV, Apr 1, 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

      H•••••• I••••••••• 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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