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
Caerus Investment Advisors, LLC
Latest filing Mar 26, 2026
First filing on the tape Aug 15, 2014 · 27 filings
SEC status approved since Apr 13, 2017
RAUM
$117M
reported, Item 5.F
Discretionary
21%
of RAUM
Private clients
21%
$24.5M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$23.4M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
15
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$117M as of Mar 26, 2026
Feb 26, 2018$125M then
HNW client RAUM$24.5M as of Mar 26, 2026
Feb 26, 2018$119M then
State-registered IARs (5.B.3)5 as of Mar 26, 2026
Feb 26, 20182 then
Employees (5.A)5 as of Mar 26, 2026
Feb 26, 20182 then
Private funds15 as of Mar 26, 2026
Feb 26, 20181 then
RAUM -40% over the last fiscal year-17% a year over threeIARs 2 to 5offices 0 to 1
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $23.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $699,845derivedHNW RAUM over HNW clients
- Average account
- $2.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 21%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -40%derivedbetween the last two annual amendments
- Advisor growth, one year
- +150%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consultingreportedItem 5.G
- Wrap fee program
- $29.5MreportedItem 5.I
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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
- Pooled investment vehicles$92.7M79%
- High-net-worth individuals$24.5M21%
- Individual clients
- n/areported
- HNW clients
- 35reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 54reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.21 fund_share=0.79 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Hoi-Ming Cheung | Pasadena, Ca | Feb 3, 2016 | 16 y | 1 |
| Veronika O Lysyanska | Pasadena, Ca | Mar 28, 2022 | 9 y | 3 |
| Yijie Tang | West Lake Hills, Tx | Mar 24, 2025 | 11 y | 0 |
| Shang Chou | West Lake Hills, Tx | Jun 17, 2025 | 14 y | 0 |
| Daniel Won Seo | Pacific Palisades, Ca | Nov 10, 2025 | 17 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Khanh Bao Nguyen to Ayla CapitalJun 2, 2020 · RIA to a state-registered adviser
- Brock Wilson to Wells Fargo AdvisorsJan 15, 2020 · RIA to wirehouse
Joined, latest
- Daniel Won Seo from Checchi Capital Advisers, LLCNov 10, 2025 · RIA to RIA
- Veronika O Lysyanska from Morgan StanleyMar 28, 2022 · Wirehouse to independent RIA
- Brock Wilson from Citigroup Global Markets Inc.Aug 29, 2016 · Other
- Michael Hoi-Ming Cheung from Credit Suisse Securities (USA) LLCFeb 3, 2016 · Other
Private funds
21 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Crsx III, LLC | Venture Capital Fund | $10.3M | 18 | Mar 3, 2021 |
| Crspin, LLC | Venture Capital Fund | $7.7M | 21 | Sep 12, 2022 |
| Crsnxt, LLC | Venture Capital Fund | $6.0M | 16 | Sep 12, 2022 |
| Crsstrp II, LLC | Venture Capital Fund | $5.8M | 30 | Sep 12, 2022 |
| Caerus Sx Sp I LLC | Venture Capital Fund | $5.0M | 18 | Jul 9, 2018 |
| Crsstrp III, LLC | Venture Capital Fund | $4.8M | 23 | Sep 12, 2022 |
| Crswsh, LLCno longer reported | Venture Capital Fund | $3.1M | 25 | Mar 3, 2021 |
| Caerus Ficc, LLC | Venture Capital Fund | $3.0M | 7 | Feb 28, 2020 |
| Crsstrp, LLC | Venture Capital Fund | $2.5M | 25 | Sep 12, 2022 |
| Caerus Nc III, LLC | Venture Capital Fund | $2.2M | 13 | Feb 28, 2020 |
| Crsx IV, LLC | Venture Capital Fund | $2.1M | 11 | Feb 17, 2023 |
| Caerus X Norcal Spv II, LLC | Venture Capital Fund | $2.0M | 25 | Mar 22, 2019 |
| Caerus X Norcal Spv I, LLC | Venture Capital Fund | $1.9M | 9 | Mar 22, 2019 |
| Crsclm, LLC | Venture Capital Fund | $1.8M | 18 | Sep 12, 2022 |
| Caerus Nc IV, LLC | Venture Capital Fund | $1.6M | 11 | Feb 28, 2020 |
| Crswin, LLC | Venture Capital Fund | $1.3M | 11 | Mar 4, 2024 |
| Crsub I, LLC | Venture Capital Fund | $1.0M | 3 | Feb 28, 2020 |
| Crsbb, LLC | Venture Capital Fund | $800,000 | 7 | Feb 28, 2020 |
| Caerus Bd Sp I, LLCno longer reported | Venture Capital Fund | $635,000 | 14 | Apr 12, 2017 |
| Caerus Nc IV-A, LLC | Venture Capital Fund | $500,000 | 6 | Feb 28, 2020 |
| Caerus Carmenta Lyft Sp I, LLCno longer reported | Venture Capital Fund | $0 | 16 | Mar 22, 2019 |
Owners and control persons
Schedule A and B, latest filing
- Hoi-Ming Michael Cheung · Managing Membercontrolsince 09/2014 · owns 75% or more
- Nadine Jessica Clark · Chief Compliance Officercontrolsince 03/2019 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| West Lake Hills, Tx | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- client mix shiftChange between filings · filing Mar 26, 2026private-client share of RAUM moved from 67.0% to 21.0% between the annual amendments of 2025-03-14 and 2026-03-26peers: independent wealth managers, $100M to $500M (5,676)
- discretionary share shiftChange between filings · filing Mar 26, 2026discretionary share of RAUM moved from 67.0% to 21.0% between the annual amendments of 2025-03-14 and 2026-03-26peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 26, 2026HNW share of RAUM moved from 66.0% to 21.0% between the annual amendments of 2025-03-14 and 2026-03-26peers: independent wealth managers, $100M to $500M (5,676)
- RAUM down 25 %Change between filings · filing Mar 26, 2026RAUM (Item 5.F) moved from $194,550,948 to $117,194,570 (-40.0%) between the annual amendments of 2025-03-14 and 2026-03-26; the peer median change was +15.0% (4550 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 0.9% percentile
What changed
consecutive filings, newest first
- Accounts · 127 to 54Jun 10, 2025 to Mar 26, 2026
- HNW clients · 96 to 35Jun 10, 2025 to Mar 26, 2026
- Individual clients · 17.0 to unsetJun 10, 2025 to Mar 26, 2026
- Pooled vehicle clients · 14 to 19Jun 10, 2025 to Mar 26, 2026
- Assets in custody · $63.7M to $92.7MJun 10, 2025 to Mar 26, 2026
- Employees · 6 to 5Jun 10, 2025 to Mar 26, 2026
- Insurance-licensed employees · 2 to 3Jun 10, 2025 to Mar 26, 2026
- State-registered IARs · 2 to 5Jun 10, 2025 to Mar 26, 2026
- Discretionary RAUM · $131M to $24.5MJun 10, 2025 to Mar 26, 2026
- HNW RAUM · $128M to $24.5MJun 10, 2025 to Mar 26, 2026
- Individual RAUM · 2519609.0 to unsetJun 10, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $63.7M to $92.7MJun 10, 2025 to Mar 26, 2026
- Pooled vehicle RAUM · $63.7M to $92.7MJun 10, 2025 to Mar 26, 2026
- RAUM · $195M to $117MJun 10, 2025 to Mar 26, 2026
- Insurance-licensed employees · 0 to 2Mar 14, 2025 to Jun 10, 2025
- Financial planning clients · 0 to 0Mar 14, 2025 to Jun 10, 2025
- Other offices · 0 to 1Mar 14, 2025 to Jun 10, 2025
- Related adviser · false to trueMar 14, 2025 to Jun 10, 2025
- Accounts · 194 to 127Mar 4, 2024 to Mar 14, 2025
- HNW clients · 98 to 96Mar 4, 2024 to Mar 14, 2025
- Pooled vehicle clients · 15 to 14Mar 4, 2024 to Mar 14, 2025
- Assets in custody · $72.1M to $63.7MMar 4, 2024 to Mar 14, 2025
- Employees · 5 to 6Mar 4, 2024 to Mar 14, 2025
- HQ city · unset to Mar 4, 2024 to Mar 14, 2025
- HQ state · unset to Mar 4, 2024 to Mar 14, 2025
- Private funds · 13 to 15Mar 4, 2024 to Mar 14, 2025
- Discretionary RAUM · $132M to $131MMar 4, 2024 to Mar 14, 2025
- HNW RAUM · $132M to $128MMar 4, 2024 to Mar 14, 2025
- Individual RAUM · $2.4M to $2.5MMar 4, 2024 to Mar 14, 2025
- Non-discretionary RAUM · $74.6M to $63.7MMar 4, 2024 to Mar 14, 2025
- Pooled vehicle RAUM · $72.1M to $63.7MMar 4, 2024 to Mar 14, 2025
- RAUM · $206M to $195MMar 4, 2024 to Mar 14, 2025
- Accounts · 207 to 194Feb 17, 2023 to Mar 4, 2024
- Advisory activities · 6 to 5Feb 17, 2023 to Mar 4, 2024
- HNW clients · 64 to 98Feb 17, 2023 to Mar 4, 2024
- Pooled vehicle clients · 18 to 15Feb 17, 2023 to Mar 4, 2024
- Assets in custody · $60.1M to $72.1MFeb 17, 2023 to Mar 4, 2024
- Private funds · 17 to 13Feb 17, 2023 to Mar 4, 2024
- Discretionary RAUM · $127M to $132MFeb 17, 2023 to Mar 4, 2024
- HNW RAUM · $125M to $132MFeb 17, 2023 to Mar 4, 2024
Signals
2 dated events
- Nadine Jessica Clark (Chief Compliance Officer) appeared on Schedule A of Caerus Investment Advisors, LlcMar 22, 2019 · Control person joined · fact
- Caerus Investment Advisors, Llc filed its initial SEC registration (Form ADV)Aug 15, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Caerus Investment Advisors, LLC · Private Equityshared crd · intermediary
- Caerus Investment Advisors, LLC · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/caerus-invesment-advisors-llcreportedpublic record, Form ADV, Sep 18, 2026
- Website
- CAERUSADVISOR.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 323-835-5560reportedpublic record, Form ADV, Mar 26, 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
- $23.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026