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.
SEC-registered adviser
Advantage Capital
Legal name Advantage Capital Investment Adviser, LLC
Latest filing May 14, 2026
First filing on the tape Sep 11, 2014 · 26 filings
SEC status approved since Sep 30, 2014
RAUM
$1.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$216M
derived; firm RAUM over IAPD count
Employees
230
130 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
16
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$1.3B as of May 14, 2026
Jan 27, 2015$176M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 14, 2026
Jan 27, 20153 then
Employees (5.A)230 as of May 14, 2026
Jan 27, 201580 then
Private funds16 as of May 14, 2026
Jan 27, 20151 then
RAUM +63% over the last fiscal year+31% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 14, 2026; every figure names its basis
- RAUM per advisor
- $216MderivedRAUM 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
- $80.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 38.3derivedItem 5.A over advisors
- Advisors per office
- 0.9derived7 offices incl. principal (1.F.5)
- RAUM growth, one year
- +62%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $1.3B, 16 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)
- 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)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$1.3B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 16reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.3B for 16 clientsreported
- Compensation
- 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
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Damon Laird Rawie | Austin, Tx | Oct 23, 2014 | 34 y | 0 |
| Arjun Krishna Mohan | Austin, Tx | Jul 15, 2020 | 12 y | 0 |
| Colin Lee Nickells | Austin, Tx | Aug 29, 2023 | 10 y | 0 |
| Jonathan Eliot Kofos | Austin, Tx | Nov 10, 2023 | 13 y | 0 |
| Joshua Heo Mitchell | Austin, Tx | Apr 22, 2024 | 9 y | 0 |
| Nicholas Edward Mcconnell | Austin, Tx | Nov 25, 2024 | 11 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 headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
10 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Advantage Capital Agribusiness Partners, L.P. | Private Equity Fund | $96.9M | 10 | Sep 11, 2014 |
| Advantage Capital Solar Partners Vii, LLC | Private Equity Fund | $57.1M | 1 | Mar 31, 2023 |
| Advantage Capital Solar Partners Vi, LLC | Private Equity Fund | $31.2M | 1 | Mar 31, 2023 |
| Advantage Capital Solar Partners III, LLC | Private Equity Fund | $20.3M | 6 | Mar 30, 2020 |
| Advantage Capital Solar Partners IV, LLC | Private Equity Fund | $19.5M | 3 | Mar 30, 2022 |
| Empower The Change Fund, LP | Private Equity Fund | $16.0M | 14 | Mar 31, 2023 |
| Advantage Capital Solar Partners V, LLC | Private Equity Fund | $11.2M | 1 | Mar 30, 2022 |
| Advantage Capital Solar Partners II, LLC | Private Equity Fund | $2.7M | 3 | Mar 29, 2019 |
| Advantage Capital Solar Partners I, LLC | Private Equity Fund | $1.7M | 3 | Mar 28, 2018 |
| Advantage Capital Solar Partners Viii, LLC | Private Equity Fund | $0 | 1 | Mar 29, 2024 |
Owners and control persons
Schedule A and B, latest filing
- Robert Jeremy Degenhart · Manager And Member Of Advantage Capital Solar Holdings, LLCcontrolsince 10/2017 · owns 5% to 10%
- Edward Maurice Doyle · Manager And Member Of Advantage Capital Solar Holdings, LLCcontrolsince 10/2017 · owns 5% to 10%
- Scott Matthew Murphy · Manager And Member Of Advantage Capital Solar Holdings 2022, LLCcontrolsince 09/2022 · owns 10% to 25%
- Theodore Steven Stull · Manager Of Advantage Capital Solar Tax Equity Investor, LLCcontrolsince 10/2019 · owns less than 5%
- Christopher Carl Weatherley-White · Manager, Member And Direct Owner Of 100% Of Advantage Capital Solar Tax Equity Investor, LLCcontrolsince 10/2019 · owns 75% or more
- Frederick Daniel Wagner · Trusteecontrolsince 12/2009 · owns F of Advantage Capital Employee Stock Ownership Plan And Trust
- Thomas Bitting · Manager And Member Of Advantage Capital Solar Holdings IV, LLCsince 05/2021 · owns 5% to 10%
- Lorio Boudreaux Franchesca · Chief Financial Officer Of Advantage Capital Management Corporationsince 01/2023 · owns less than 5%
- I. Jonathan Goldstein · Member Of Advantage Capital Solar Holdings, LLCsince 10/2017 · owns 5% to 10%
- Thomas Michael Johnson · Member Of Advantage Capital Solar Holdings, LLCsince 10/2017 · owns 5% to 10%
- Dubuque Theodore Louis · Member Of Advantage Capital Solar Holdings 2023, LLCsince 04/2023 · owns 5% to 10%
Entity owners
- Advantage Capital Employee Stock Ownership Plan And Trust · Direct Owner Of 100% Of The Outstanding Stock Of Advantage Capital Management Corporationdirect · owns 75% or more
- Advantage Capital Etcf Gp, LLC · General Partner Of Empower The Change Fund, LPdirect · owns less than 5%
- Advantage Capital Management Corporation · Manager Of Advantage Capital Solar Partners II, LLCdirect · owns less than 5%
- Advantage Capital Solar Holdings 2022, LLC · Member Of Advantage Capital Solar Partners Vi, LLCdirect · owns less than 5%
- Advantage Capital Solar Holdings 2023, LLC · Member Of Advantage Capital Solar Partners Viii, LLCdirect · owns less than 5%
- Advantage Capital Solar Holdings IV, LLC · Member Of Advantage Capital Solar Partners IV, LLCdirect · owns less than 5%
- Etcf Management LLC · Manager Of Empower The Change Fund, LPdirect · owns less than 5%
- Advantage Capital Solar Holdings III, LLC · Member Of Advantage Capital Solar Partners III, LLCdirect · owns less than 5%
- Advantage Capital Solar Holdings, LLC · Member Of Advantage Capital Solar Partners II, LLCdirect · owns less than 5%
- Advantage Capital Solar Tax Equity Investor, LLC · Member Of Advantage Capital Solar Partners III, LLCdirect · owns less than 5%
Related persons
Schedule D 7.A
- Advantage Capital Solar Holdings 2022, LLCpooled vehicle sponsorn
- Advantage Capital Solar Holdings 2023, LLCpooled vehicle sponsorn
- Advantage Capital Solar Holdings III, LLCpooled vehicle sponsorn
- Advantage Capital Solar Holdings IV, LLCpooled vehicle sponsorn
- Advantage Capital Solar Holdings, L.L.C.pooled vehicle sponsorn
- Advantage Capital Solar Tax Equity Investor, LLCpooled vehicle sponsory
- First Bank Of The Laken
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Austin, Tx | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- St. Louis, MO27 employees
- New York, NY19 employees
- Hanover, NH18 employees
- Austin, TX6 employees
- Napa, CA3 employees
- Las Vegas, NV2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high employee count relative to advisorsStatic outlier · filing May 14, 2026employees per registered advisor of 38.3 against a peer median of 2.4 (42 comparable advisers, 100.0th percentile, 21.7 robust deviations)peers: asset managers, $1B to $5B (42) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 17 to 16Mar 31, 2026 to May 14, 2026
- Pooled vehicle clients · 17 to 16Mar 31, 2026 to May 14, 2026
- Assets in custody · $1.3B to $1.3BMar 31, 2026 to May 14, 2026
- Private funds · 17 to 16Mar 31, 2026 to May 14, 2026
- Discretionary RAUM · $1.3B to $1.3BMar 31, 2026 to May 14, 2026
- Non-discretionary RAUM · $4.3M to $6.4MMar 31, 2026 to May 14, 2026
- Pooled vehicle RAUM · $1.3B to $1.3BMar 31, 2026 to May 14, 2026
- RAUM · $1.3B to $1.3BMar 31, 2026 to May 14, 2026
- Advisory employees · 95 to 130Dec 3, 2025 to Mar 31, 2026
- Assets in custody · $1.3B to $1.3BDec 3, 2025 to Mar 31, 2026
- Employees · 215 to 230Dec 3, 2025 to Mar 31, 2026
- Private funds · 16 to 17Dec 3, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.3B to $1.3BDec 3, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $5.0M to $4.3MDec 3, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.3B to $1.3BDec 3, 2025 to Mar 31, 2026
- RAUM · $1.3B to $1.3BDec 3, 2025 to Mar 31, 2026
- Accounts · 13 to 17Aug 26, 2025 to Dec 3, 2025
- Pooled vehicle clients · 13 to 17Aug 26, 2025 to Dec 3, 2025
- Assets in custody · $790M to $1.3BAug 26, 2025 to Dec 3, 2025
- Private funds · 13 to 16Aug 26, 2025 to Dec 3, 2025
- Discretionary RAUM · $785M to $1.3BAug 26, 2025 to Dec 3, 2025
- Non-discretionary RAUM · $5.0M to $5.0MAug 26, 2025 to Dec 3, 2025
- Pooled vehicle RAUM · $790M to $1.3BAug 26, 2025 to Dec 3, 2025
- RAUM · $790M to $1.3BAug 26, 2025 to Dec 3, 2025
- Assets in custody · $795M to $790MMar 31, 2025 to May 22, 2025
- Financial planning clients · unset to Mar 31, 2025 to May 22, 2025
- Discretionary RAUM · $790M to $785MMar 31, 2025 to May 22, 2025
- Pooled vehicle RAUM · $795M to $790MMar 31, 2025 to May 22, 2025
- RAUM · $795M to $790MMar 31, 2025 to May 22, 2025
- Succession · true to falseMar 31, 2025 to May 22, 2025
- Accounts · 10 to 13May 1, 2024 to Mar 31, 2025
- Advisory employees · 110 to 95May 1, 2024 to Mar 31, 2025
- Pooled vehicle clients · 10 to 13May 1, 2024 to Mar 31, 2025
- Assets in custody · $825M to $795MMay 1, 2024 to Mar 31, 2025
- Employees · 180 to 215May 1, 2024 to Mar 31, 2025
- Legal name · ADVANTAGE CAPITAL MANAGEMENT CORPORATION to ADVANTAGE CAPITAL INVESTMENT ADVISER, LLCMay 1, 2024 to Mar 31, 2025
- Organization form · Corporation to Limited Liability CompanyMay 1, 2024 to Mar 31, 2025
- Private funds · 10 to 13May 1, 2024 to Mar 31, 2025
- Discretionary RAUM · $825M to $790MMay 1, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $0 to $5.0MMay 1, 2024 to Mar 31, 2025
Signals
10 dated events
- Advantage Capital reported RAUM $1.3B, up 63% from $789.9M (2025-08-26 to 2025-12-03)Dec 3, 2025 · RAUM change · derived
- Advantage Capital reported succeeding to the business of Advantage Capital (Form ADV Item 4)Mar 31, 2025 · Succession (Item 4) · fact
- Advantage Capital reported RAUM $832.5M, up 46% from $570.0M (2023-05-18 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Advantage Capital reported RAUM $580.0M, up 183% from $205.2M (2022-09-28 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Laird Damon Rawie (Vice President, Manager And Member Of Advantage Capital Texas Ventures Gp, L.L.C. (Relying Adviser)) no longer on Schedule A of Advantage Capital (listed 2021-05-05, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Charles Thomas Willsey (Treasurer And Member Of Advantage Capital Texas Ventures Gp, L.L.C. (Relying Adviser)) no longer on Schedule A of Advantage Capital (listed 2021-05-05, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Dubuque Theodore Louis (Vice President, Manager And Member Of Advantage Capital Agribusiness Gp, L.L.C. (Relying Adviser)) no longer on Schedule A of Advantage Capital (listed 2021-05-05, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Christopher Carl Weatherley-White (Manager, Member And Direct Owner Of 100% Of Advantage Capital Solar Tax Equity Investor, Llc) appeared on Schedule A of Advantage CapitalMar 30, 2020 · Control person joined · fact
- Hassler Wayne Timothy (Vice President, Manager And Member Of Advantage Capital Agribusiness Gp, L.L.C. (Relying Adviser)) no longer on Schedule A of Advantage Capital (listed 2018-03-28, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
- Advantage Capital Partners filed its initial SEC registration (Form ADV)Sep 11, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Advantage Capital · Independent Sponsorsshared crd · capital_provider
- Advantage Capital · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/advantagecapitalreportedpublic record, Form ADV, Sep 17, 2026
- Website
- advantagecap.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 504-522-4850reportedpublic 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $216Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026