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

A•••••••• C•••••• M•••••••••

Institutional managerNew York, New YorkCRD 171128SEC 801-79707websiteIAPD
Legal name A•••••••• C•••••• M••••••••• L••
Latest filing May 14, 2026
First filing on the tape Apr 29, 2014 · 37 filings
SEC status approved since May 14, 2014
RAUM
$8.3B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$8.3B
derived; firm RAUM over IAPD count
Employees
30
26 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$8.3B as of May 14, 2026
Mar 17, 2015$443M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of May 14, 2026
Mar 17, 20153 then
Employees (5.A)30 as of May 14, 2026
Mar 17, 20153 then
Private funds6 as of May 14, 2026
Mar 25, 20191 then
RAUM -11% over the last fiscal year+13% a year over threeIARs 1 to 1offices 1 to 0
Practice profile
derived from the filing of May 14, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$8.3BderivedRAUM 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
$115MderivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
95%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
30.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 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 vehicles, otherreportedItem 5.G
Custody
$442M, 5 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
  • 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)
  • 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
  • Insurance companies$7.8B95%
  • Pooled investment vehicles$442M5.3%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
72reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$442M for 5 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.05 institutional_share=0.95 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• R••••• S•••••New York, Ny Jun 1, 202619 y4
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 headcount0 left over 36 months
Private funds
3 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
P•••••• I• L••Other Private Fund$195M1Mar 31, 2022
L•••••••• I• L••Other Private Fund$143M1Mar 31, 2022
S•• O••••••••• L••Other Private Fund$26.5M1Mar 25, 2019
Owners and control persons
Schedule A and B, latest filing
  • K•••• K••••••• N•• · Presidentcontrol
    since 03/2014 · owns less than 5%
  • K•••• K••••••• N•• · Membercontrol
    since 07/2012 · owns 75% or more of A•••••••• C•••••• H••••••• L••
  • S•••••• M••••••• R••••• · Chief Compliance Officer
    since 05/2018 · owns less than 5%
Entity owners
  • A•••••••• C•••••• H••••••• L•• · Member
    direct · owns 75% or more
  • A•••••••• C•••••• P••••••• L•• · Owner
    indirect · owns 75% or more of A•••••••• C•••••• H••••••• L••
Related persons
Schedule D 7.A
  • 1••• C••••••• L••
    investment adviseryRAUM $188M
  • A•••••••• W•••• L••
    real estaten
  • A••••••• C•••• L••• I•••••••• C••••••
    real estaten
  • C•••••• C•••••• P•••••••• L••
    investment advisern
  • F•••••• R••••••••• L••
    real estaten
  • H••••• P•••• A•••• M••••••••• L••
    investment advisern
  • H•••••••• I•••••••• C••••••
    real estaten
  • J••• R••••••••• C••••••
    real estaten
  • K•••••••• C•••••• M•••••• L••
    broker-dealern
  • P••••••••• G•••• L••
    real estaten
  • S••••••• S••••••• L••• I•••••••• C••••••
    real estaten
  • S••••••• A••••••• R••••••••• C••••••
    real estaten
  • S•• C••••• A••••••• I• L••
    investment advisernRAUM $50.2M
  • S•• C••••• A••••••• L••
    investment advisernRAUM $15.4M
Advisers that list A•••••••• C•••••• M••••••••• as a related person
Offices
Schedule D 1.F, the 25 largest
  • Highland Park, IL
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • private fund count surgeChange between filings · filing Apr 30, 2026
    private funds (Schedule D 7.B.1) moved from 4.0 to 6.0 (+50.0%) between the annual amendments of 2025-04-02 and 2026-04-30; the peer median change was 0.0% (13 comparable advisers, 100.0th percentile of changes)
    peers: institutional managers, $5B to $20B (13) · 100% percentile
What changed
consecutive filings, newest first
  • Private funds · 5 to 6
    Mar 23, 2026 to Apr 30, 2026
  • Accounts · 14 to 72
    Sep 2, 2025 to Mar 23, 2026
  • Pooled vehicle clients · 4 to 5
    Sep 2, 2025 to Mar 23, 2026
  • Assets in custody · $9.2B to $442M
    Sep 2, 2025 to Mar 23, 2026
  • Employees · 26 to 30
    Sep 2, 2025 to Mar 23, 2026
  • Private funds · 4 to 5
    Sep 2, 2025 to Mar 23, 2026
  • Discretionary RAUM · $8.8B to $8.1B
    Sep 2, 2025 to Mar 23, 2026
  • Non-discretionary RAUM · $489M to $181M
    Sep 2, 2025 to Mar 23, 2026
  • Pooled vehicle RAUM · $261M to $442M
    Sep 2, 2025 to Mar 23, 2026
  • RAUM · $9.3B to $8.3B
    Sep 2, 2025 to Mar 23, 2026
  • Financial planning clients · 0 to 0
    Jul 23, 2025 to Sep 2, 2025
  • Other offices · 1 to 0
    Jul 23, 2025 to Sep 2, 2025
  • Accounts · 13 to 14
    Mar 27, 2024 to Apr 2, 2025
  • Advisory employees · 30 to 26
    Mar 27, 2024 to Apr 2, 2025
  • Pooled vehicle clients · 3 to 4
    Mar 27, 2024 to Apr 2, 2025
  • Assets in custody · $6.2B to $9.2B
    Mar 27, 2024 to Apr 2, 2025
  • Employees · 30 to 26
    Mar 27, 2024 to Apr 2, 2025
  • Private funds · 3 to 4
    Mar 27, 2024 to Apr 2, 2025
  • Discretionary RAUM · $6.1B to $8.8B
    Mar 27, 2024 to Apr 2, 2025
  • Non-discretionary RAUM · $352M to $489M
    Mar 27, 2024 to Apr 2, 2025
  • Pooled vehicle RAUM · $346M to $261M
    Mar 27, 2024 to Apr 2, 2025
  • RAUM · $6.5B to $9.3B
    Mar 27, 2024 to Apr 2, 2025
  • Accounts · 10 to 13
    Jun 21, 2023 to Mar 27, 2024
  • Advisory employees · 19 to 30
    Jun 21, 2023 to Mar 27, 2024
  • Assets in custody · $5.2B to $6.2B
    Jun 21, 2023 to Mar 27, 2024
  • Employees · 20 to 30
    Jun 21, 2023 to Mar 27, 2024
  • Insurance-licensed employees · 1 to 0
    Jun 21, 2023 to Mar 27, 2024
  • Discretionary RAUM · $5.3B to $6.1B
    Jun 21, 2023 to Mar 27, 2024
  • Non-discretionary RAUM · $0 to $352M
    Jun 21, 2023 to Mar 27, 2024
  • Pooled vehicle RAUM · $365M to $346M
    Jun 21, 2023 to Mar 27, 2024
  • RAUM · $5.3B to $6.5B
    Jun 21, 2023 to Mar 27, 2024
  • Discretionary RAUM · $5.2B to $5.3B
    Jun 16, 2023 to Jun 21, 2023
  • RAUM · $5.2B to $5.3B
    Jun 16, 2023 to Jun 21, 2023
  • Accounts · 12 to 10
    Jun 3, 2023 to Jun 16, 2023
  • Non-discretionary RAUM · $450M to $0
    Jun 3, 2023 to Jun 16, 2023
  • RAUM · $5.7B to $5.2B
    Jun 3, 2023 to Jun 16, 2023
  • Related broker-dealer · false to true
    Jun 2, 2023 to Jun 3, 2023
  • Accounts · 10 to 12
    Nov 4, 2022 to Mar 30, 2023
  • Assets in custody · $4.0B to $5.2B
    Nov 4, 2022 to Mar 30, 2023
  • Discretionary RAUM · $5.0B to $5.2B
    Nov 4, 2022 to Mar 30, 2023
Signals
7 dated events
  • A•••••••• C•••••• M••••••••• reported RAUM $9.3B, up 44% from $6.5B (2024-03-27 to 2025-04-02)
    Apr 2, 2025 · RAUM change · derived
  • A•••••••• C•••••• M••••••••• reported RAUM $5.2B, up 29% from $4.0B (2022-03-30 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • A•••••••• C•••••• M••••••••• reported RAUM $4.0B, up 42% from $2.8B (2020-03-23 to 2021-03-26)
    Mar 26, 2021 · RAUM change · derived
  • A•••••••• C•••••• M••••••••• reported RAUM $2.8B, up 33% from $2.1B (2019-05-20 to 2020-03-18)
    Mar 18, 2020 · RAUM change · derived
  • A•••••••• C•••••• M••••••••• reported RAUM $2.1B, up 31% from $1.6B (2019-03-05 to 2019-03-25)
    Mar 25, 2019 · RAUM change · derived
  • A•••••••• C•••••• M••••••••• reported RAUM $1.6B, up 26% from $1.3B (2017-06-09 to 2018-03-30)
    Mar 30, 2018 · RAUM change · derived
  • A•••••••• C•••••• M••••••••• filed its initial SEC registration (Form ADV)
    Apr 29, 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
acap.comreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
(332) 245 3563reportedpublic record, Form ADV, May 14, 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
Institutional managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$8.3Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026