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
M••••••••• A•••••••• L•••
Latest filing Jul 20, 2026
First filing on the tape Mar 31, 2020 · 43 filings
SEC status approved since May 1, 2020
RAUM
$339M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
26%
$88.1M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$30.9M
derived; firm RAUM over IAPD count
Employees
14
12 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
20
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$339M as of Jul 20, 2026
Mar 3, 2021$36.5M then
HNW client RAUM$34.6M as of Jul 20, 2026
Mar 3, 2021$17.0M then
State-registered IARs (5.B.3)12 as of Jul 20, 2026
Mar 3, 202113 then
Employees (5.A)14 as of Jul 20, 2026
Mar 3, 202114 then
Private funds20 as of Jul 20, 2026
Mar 31, 202316 then
RAUM +478% over the last fiscal year+128% a year over threeIARs 12 to 12offices 5 to 6
Practice profile
derived from the filing of Jul 20, 2026; every figure names its basis
Archetypes, each a printed rule
- dual wealth and asset m•••••• · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $30.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 31derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $755,803derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 1.6derived7 offices incl. principal (1.F.5)
- RAUM growth, one year
- +478%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +23%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, 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)
- 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
- Pooled investment vehicles$251M74%
- Individuals$53.5M16%
- High-net-worth individuals$34.6M10%
- Individual clients
- 325reported
- HNW clients
- 18reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 449reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.26 fund_share=0.74 institutional_share=0.0 related_bd=true related_bank=false bd_reps=12.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D•••••• R• B••••• | New York, Ny | Aug 7, 2020 | 35 y | 3 |
| P•••• M•••••• T•••••••• | New York, Ny | Apr 1, 2021 | 17 y | 1 |
| L•••• S••••••• V•••••••• | New York, Ny | Apr 1, 2021 | 21 y | 1 |
| E••••• J••• D••••••• | New York, Ny | Apr 1, 2021 | 27 y | 1 |
| J••• P••••••••• | New York, Ny | Apr 20, 2021 | 29 y | 1 |
| W•••••• K• B•••••• | New York, Ny | May 7, 2021 | 18 y | 0 |
| S•••• A• J•••••• | Seattle, Wa | May 25, 2021 | 12 y | 2 |
| J••• W••••• R••••• | Miami, Fl | Feb 24, 2025 | 26 y | 1 |
| B•••••• P•••••• | New York, Ny | Jul 14, 2025 | 10 y | 0 |
| J••••• H•••• S••••••• | New York, Ny | Oct 9, 2025 | 20 y | 0 |
| S••••• G•••••••• S••••••••• | New York, Ny | Apr 7, 2026 | 14 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- J••• D••••• M•••• to S•••••• A••••••••• L•••Aug 26, 2025 · RIA to RIA
- D•••• A•••• A••••••• to D• W••••• A•••••••Feb 13, 2024 · RIA to a newly registered adviser
- D•••• U•••• to C•••••••• G••••• M•••••• I•••Oct 8, 2020 · RIA to affiliated broker-dealer or bank
- D•••• S•••••• S•••••• to N••• C•••••••••Sep 2, 2020 · RIA to affiliated broker-dealer or bank
- T••••• E•••••• G•••• to B•••••••• A••••••• S•••••••• L••Aug 31, 2020 · RIA to RIA
- P•••••••• V•••••••• to S••••• A••••••• I•••Jun 8, 2020 · RIA to affiliated broker-dealer or bank
- M••••••• D••••• T••••• to V••••••••• A••••••• S•••••••May 8, 2020 · RIA to affiliated broker-dealer or bank
- E••• A•••• S••• to A•••••• W••••• M••••••••• L••Apr 30, 2020 · RIA to RIA
- J••• W•••••• R••• to S•••••• C•••••• P•••••• W••••• M••••••••• L••Mar 15, 2019 · RIA to a state-registered adviser
- R••• G•••••••• to S•••••• C•••••• P•••••• W••••• M••••••••• L••Mar 11, 2019 · RIA to a state-registered adviser
Joined, latest
- J••• W••••• R••••• from L•••••••• T••••••• A•••• M••••••••• I••Feb 24, 2025 · RIA to RIA
- S•••• A• J•••••• from M••••• S••••••May 25, 2021 · Wirehouse to independent RIA
- E••• A•••• S••• from W•• S••••••••• L••Mar 26, 2020 · Other
- M••••••• D••••• T••••• from W•• S••••••••• L••Mar 17, 2020 · Other
- D•••••• R• B••••• from C•••••••• F•••••••• G•••• A•••••••Aug 29, 2018 · Affiliated broker-dealer or bank to independent RIA
- D•••• S•••••• S•••••• from A•••• C•••••• C••••Jul 20, 2018 · Affiliated broker-dealer or bank to independent RIA
- R••• G•••••••• from S••••• O• A•••••• M••••••••• C•••Jul 3, 2018 · Other
- T••••• E•••••• G•••• from L•••••• W••••• M••••••••• L••Mar 9, 2018 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for S•••••• C•••••• P•••••• W••••• M••••••••• L••Mar 11, 2019 · New York, Ny
Private funds
19 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• A• | Private Equity Fund | $28.1M | 96 | Jul 27, 2022 |
| D••••••••• V••••••• L••• S••••• X• | Private Equity Fund | $19.2M | 36 | Jul 27, 2022 |
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• Q• | Private Equity Fund | $10.5M | 83 | Jul 27, 2022 |
| D•• L••• S••••• C• | Private Equity Fund | $9.1M | 95 | Jun 18, 2024 |
| D••••••••• V••••••• L••• S••••• T• | Private Equity Fund | $8.9M | 63 | Jul 27, 2022 |
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• G• | Private Equity Fund | $8.3M | 83 | Jul 27, 2022 |
| D•• L••• S••••• W• | Private Equity Fund | $7.4M | 70 | Mar 31, 2023 |
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• Z••• | Private Equity Fund | $6.6M | 81 | Jul 27, 2022 |
| D•• L••• S••••• A• | Private Equity Fund | $6.4M | 64 | Jul 27, 2022 |
| D•• L••• S••••• A• | Private Equity Fund | $5.5M | 52 | Aug 7, 2023 |
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• Z• | Private Equity Fund | $4.4M | 45 | Jul 27, 2022 |
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• N• | Private Equity Fund | $3.5M | 27 | Jul 27, 2022 |
| D•• L••• S••••• K• | Private Equity Fund | $2.6M | 42 | Dec 16, 2022 |
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• S• | Private Equity Fund | $2.4M | 11 | Jul 27, 2022 |
| D•• L••• S••••• F• | Private Equity Fund | $2.3M | 38 | Feb 21, 2023 |
| D•• Q• L•• S••••• A• | Private Equity Fund | $2.0M | 21 | Oct 23, 2024 |
| D••••••••• V••••••• R••••• R••••••••• L••• S••••• Q• | Private Equity Fund | $1.5M | 42 | Jul 27, 2022 |
| D••••••••• V••••••• L••• S••••• S• | Private Equity Fund | $1.3M | 8 | Jul 27, 2022 |
| D••••••••• V••••••• L••• S••••• D• | Private Equity Fund | $141,485 | 10 | Jul 27, 2022 |
Owners and control persons
Schedule A and B, latest filing
- J••••••• K••• A••••• · Chief Compliance Officercontrolsince 01/2022 · owns less than 5%
- P••••••••• J•••• L•••• · Ceocontrolsince 10/2015 · owns less than 5%
- D•••••••• E•••••• J••• · Membercontrolsince 08/2011 · owns 25% to 50% of J••• H••••••• L••
- J••••••• K••• A••••• · Membercontrolsince 12/2021 · owns 25% to 50% of J••• H••••••• L••
- P••••••••• J•••• L•••• · Membercontrolsince 08/2011 · owns 25% to 50% of J••• H••••••• L••
Entity owners
- J••• H••••••• L•• · Direct Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- 7••• H•••••••• L••pooled vehicle sponsorn
- A••••• M••••••••• P•••••••• L••broker-dealerreal estaten
- D••••••••• M••••••• L••pooled vehicle sponsorn
- D•• M••••••••• L••pooled vehicle sponsorn
- O•••••••• F• L••broker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| New York, Ny · principal | 11 | 2 | 0 | ||
| Highland Park, Il | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Warren, PA1 employees
- , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- client mix shiftChange between filings · filing Mar 30, 2026private-client share of RAUM moved from 100.0% to 26.0% between the annual amendments of 2025-04-28 and 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 30, 2026HNW share of RAUM moved from 49.0% to 10.0% between the annual amendments of 2025-04-28 and 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
- RAUM up 50 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $58,664,613 to $339,355,692 (+478.0%) between the annual amendments of 2025-04-28 and 2026-03-30; the peer median change was +15.0% (4550 comparable advisers, 100.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 380 to 449Jan 12, 2026 to Mar 30, 2026
- Advisory activities · 1 to 2Jan 12, 2026 to Mar 30, 2026
- BD registered reps · 10 to 12Jan 12, 2026 to Mar 30, 2026
- HNW clients · 20 to 18Jan 12, 2026 to Mar 30, 2026
- Individual clients · 258 to 325Jan 12, 2026 to Mar 30, 2026
- Pooled vehicle clients · 19 to 20Jan 12, 2026 to Mar 30, 2026
- Employees · 13 to 14Jan 12, 2026 to Mar 30, 2026
- Discretionary RAUM · $58.7M to $339MJan 12, 2026 to Mar 30, 2026
- HNW RAUM · $28.7M to $34.6MJan 12, 2026 to Mar 30, 2026
- Individual RAUM · $29.9M to $53.5MJan 12, 2026 to Mar 30, 2026
- Pooled vehicle RAUM · unset to 251261267.0Jan 12, 2026 to Mar 30, 2026
- RAUM · $58.7M to $339MJan 12, 2026 to Mar 30, 2026
- Other offices · 5 to 6Oct 8, 2025 to Jan 12, 2026
- Private funds · 19 to 20Jun 18, 2025 to Oct 8, 2025
- Financial planning clients · unset to Apr 28, 2025 to Jun 18, 2025
- Accounts · 329 to 380Dec 16, 2024 to Apr 28, 2025
- Advisory employees · 11 to 12Dec 16, 2024 to Apr 28, 2025
- BD registered reps · 13 to 10Dec 16, 2024 to Apr 28, 2025
- HNW clients · 7 to 20Dec 16, 2024 to Apr 28, 2025
- Individual clients · 261 to 258Dec 16, 2024 to Apr 28, 2025
- Pooled vehicle clients · 17 to 19Dec 16, 2024 to Apr 28, 2025
- Employees · 15 to 13Dec 16, 2024 to Apr 28, 2025
- State-registered IARs · 13 to 12Dec 16, 2024 to Apr 28, 2025
- Other offices · 4 to 5Dec 16, 2024 to Apr 28, 2025
- Discretionary RAUM · $39.5M to $58.7MDec 16, 2024 to Apr 28, 2025
- HNW RAUM · $14.6M to $28.7MDec 16, 2024 to Apr 28, 2025
- Individual RAUM · $24.9M to $29.9MDec 16, 2024 to Apr 28, 2025
- RAUM · $39.5M to $58.7MDec 16, 2024 to Apr 28, 2025
- Private funds · 18 to 19Aug 21, 2024 to Oct 23, 2024
- Other offices · 3 to 4Apr 25, 2024 to Jun 18, 2024
- Private funds · 17 to 18Apr 25, 2024 to Jun 18, 2024
- Accounts · 222 to 329Jan 2, 2024 to Mar 28, 2024
- Advisory employees · 13 to 11Jan 2, 2024 to Mar 28, 2024
- HNW clients · 6 to 7Jan 2, 2024 to Mar 28, 2024
- Individual clients · 216 to 261Jan 2, 2024 to Mar 28, 2024
- Pooled vehicle clients · 16 to 17Jan 2, 2024 to Mar 28, 2024
- Employees · 16 to 15Jan 2, 2024 to Mar 28, 2024
- State-registered IARs · 15 to 13Jan 2, 2024 to Mar 28, 2024
- Other offices · 4 to 3Jan 2, 2024 to Mar 28, 2024
- Discretionary RAUM · $28.8M to $39.5MJan 2, 2024 to Mar 28, 2024
Signals
10 dated events
- M••••••••• A•••••••• L••• reported RAUM $339.4M, up 478% from $58.7M (2026-01-12 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- J••• D••••• M•••• left M••••••••• A•••••••• L••• for S•••••• A••••••••• L••• (registered 2026-03-03)Aug 26, 2025 · Advisor changed firm · fact
- D•••• A•••• A••••••• left M••••••••• A•••••••• L••• for D• W••••• A••••••• (registered 2024-08-29)Feb 13, 2024 · Advisor changed firm · fact
- M••••••••• A•••••••• L••• reported 15 state-registered advisory representatives, up from 0 (2022-03-31 to 2022-07-27)Jul 27, 2022 · Advisor headcount change · derived
- Chiashin Chen (Chief Compliance Officer) no longer on Schedule A of M••••••••• A•••••••• L••• (listed 2021-12-07, absent 2022-01-12)Jan 12, 2022 · Control person left · inference
- M••••••••• A•••••••• L••• reported 0 state-registered advisory representatives, down from 13 (2021-06-29 to 2021-09-10)Sep 10, 2021 · Advisor headcount change · derived
- Alison Kay J•••son (Chief Risk Officer) appeared on Schedule A of M••••••••• A•••••••• L•••Sep 10, 2021 · Control person joined · fact
- Chiashin Chen (Chief Compliance Officer) appeared on Schedule A of M••••••••• A•••••••• L•••May 21, 2020 · Control person joined · fact
- Denise Michelle Thomas (Chief Compliance Officer) no longer on Schedule A of M••••••••• A•••••••• L••• (listed 2020-03-31, absent 2020-05-11)May 11, 2020 · Control person left · inference
- M••••••••• A•••••••• L••• filed its initial SEC registration (Form ADV)Mar 31, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- M••••••••• A•••••••• L••• · Independent Sponsorsshared crd · capital_provider
- M••••••••• A•••••••• L••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 646-349-3822reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 646-532-2400reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/millennial-advisers-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- OURADVISERS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 646-532-2400reportedpublic record, Form ADV, Jul 20, 2026
- Team page
- OURADVISERS.COM/teamreportedpublished by the firm, firm site, Sep 15, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $30.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026