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
Swan Global Management
Legal name Swan Global Management LLC
Latest filing Mar 18, 2026
First filing on the tape Oct 29, 2014 · 21 filings
SEC status approved since Nov 17, 2014
RAUM
$2.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
16%
$392M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$2.4B as of Mar 18, 2026
Mar 23, 2015$2.0B then
HNW client RAUM$12.7M as of Mar 18, 2026
Mar 21, 2018$116M then
State-registered IARs (5.B.3)3 as of Mar 18, 2026
Mar 23, 20153 then
Employees (5.A)3 as of Mar 18, 2026
Mar 23, 20153 then
Private funds1 as of Mar 24, 2022
Mar 21, 20181 then
RAUM -0.8% over the last fiscal year+2.8% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
- RAUM per advisor
- $796MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 405derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $409,277derivedHNW RAUM over HNW clients
- Average account
- $1.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -0.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -38%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$2.0B84%
- Individuals$380M16%
- High-net-worth individuals$12.7M0.5%
- Individual clients
- 1,183reported
- HNW clients
- 31reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,231reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.16 fund_share=0.84 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Swan Defined Risk Diversified Fund, LPno longer reported | Hedge Fund | $26.6M | 5 | Mar 21, 2018 |
Owners and control persons
Schedule A and B, latest filing
- William Randall Swan · Ceo, Managing Membercontrolsince 10/2014 · owns 50% to 75%
- Owen Bradley Ackerman · Chief Compliance Officersince 07/2018 · owns less than 5%
- Ethan Bates · Cfosince 03/2014 · owns less than 5%
- K Laura Swan · Membersince 10/2014 · owns 10% to 25%
Related persons
Schedule D 7.A
- Swan Capital Management, LLCinvestment advisernRAUM $1.3B
- Swan Global Investments, LLCinvestment adviseryRAUM $2.4B
- Swan Wealth Advisors, LLCinvestment advisernRAUM $98.0M
Advisers that list Swan Global Management as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 18, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $2,406,792,590 to $2,388,188,410, advisors 3 to 3, private clients 1952 to 1214, offices 0 to 0 (2025-03-25 to 2026-03-18)peers: other advisers, $1B to $5B (247)
- unusually high clients per advisorStatic outlier · filing Mar 18, 2026private clients per advisor of 404.7 against a peer median of 25.7 (39 comparable advisers, 100.0th percentile, 21.8 robust deviations)peers: other advisers, $1B to $5B (39) · 100% percentile
- account count collapseChange between filings · filing Mar 18, 2026accounts (Item 5.F.2.f) moved from 1,969.0 to 1,231.0 (-37.0%) between the annual amendments of 2025-03-25 and 2026-03-18; the peer median change was +1.0% (56 comparable advisers, 7.0th percentile of changes)peers: other advisers, $1B to $5B (56) · 7.3% percentile
What changed
consecutive filings, newest first
- Accounts · 1,969 to 1,231Mar 25, 2025 to Mar 18, 2026
- HNW clients · 23 to 31Mar 25, 2025 to Mar 18, 2026
- Individual clients · 1,929 to 1,183Mar 25, 2025 to Mar 18, 2026
- Discretionary RAUM · $2.4B to $2.4BMar 25, 2025 to Mar 18, 2026
- HNW RAUM · $95.1M to $12.7MMar 25, 2025 to Mar 18, 2026
- Individual RAUM · $598M to $380MMar 25, 2025 to Mar 18, 2026
- RAUM · $2.4B to $2.4BMar 25, 2025 to Mar 18, 2026
- Accounts · 2,483 to 1,969Mar 22, 2024 to Mar 25, 2025
- HNW clients · 43 to 23Mar 22, 2024 to Mar 25, 2025
- Individual clients · 2,420 to 1,929Mar 22, 2024 to Mar 25, 2025
- Financial planning clients · unset to Mar 22, 2024 to Mar 25, 2025
- Discretionary RAUM · $2.1B to $2.4BMar 22, 2024 to Mar 25, 2025
- HNW RAUM · $7.3M to $95.1MMar 22, 2024 to Mar 25, 2025
- Individual RAUM · $711M to $598MMar 22, 2024 to Mar 25, 2025
- RAUM · $2.1B to $2.4BMar 22, 2024 to Mar 25, 2025
- Accounts · 3,143 to 2,483Mar 24, 2023 to Mar 22, 2024
- Advisory employees · 4 to 3Mar 24, 2023 to Mar 22, 2024
- HNW clients · 38 to 43Mar 24, 2023 to Mar 22, 2024
- Individual clients · 3,086 to 2,420Mar 24, 2023 to Mar 22, 2024
- Employees · 5 to 3Mar 24, 2023 to Mar 22, 2024
- State-registered IARs · 5 to 3Mar 24, 2023 to Mar 22, 2024
- Discretionary RAUM · $2.2B to $2.1BMar 24, 2023 to Mar 22, 2024
- HNW RAUM · $8.2M to $7.3MMar 24, 2023 to Mar 22, 2024
- Individual RAUM · $689M to $711MMar 24, 2023 to Mar 22, 2024
- RAUM · $2.2B to $2.1BMar 24, 2023 to Mar 22, 2024
- Accounts · 2,975 to 3,143Oct 13, 2022 to Mar 24, 2023
- HNW clients · 32 to 38Oct 13, 2022 to Mar 24, 2023
- Individual clients · 2,922 to 3,086Oct 13, 2022 to Mar 24, 2023
- Pooled vehicle clients · 1.0 to unsetOct 13, 2022 to Mar 24, 2023
- Assets in custody · 26613697.0 to unsetOct 13, 2022 to Mar 24, 2023
- Private funds · 1 to unsetOct 13, 2022 to Mar 24, 2023
- Discretionary RAUM · $2.6B to $2.2BOct 13, 2022 to Mar 24, 2023
- HNW RAUM · $11.7M to $8.2MOct 13, 2022 to Mar 24, 2023
- Individual RAUM · $883M to $689MOct 13, 2022 to Mar 24, 2023
- Pooled vehicle RAUM · 26613697.0 to unsetOct 13, 2022 to Mar 24, 2023
- RAUM · $2.6B to $2.2BOct 13, 2022 to Mar 24, 2023
- Accounts · 2,899 to 2,975Mar 24, 2021 to Mar 24, 2022
- Advisory employees · 3 to 4Mar 24, 2021 to Mar 24, 2022
- Individual clients · 2,857 to 2,922Mar 24, 2021 to Mar 24, 2022
- Assets in custody · unset to 26613697.0Mar 24, 2021 to Mar 24, 2022
Signals
3 dated events
- Swan Global Management reported RAUM $2.2B, down 27% from $3.1B (2020-09-29 to 2021-03-24)Mar 24, 2021 · RAUM change · derived
- Swan Global Management reported RAUM $5.0B, up 39% from $3.6B (2017-03-24 to 2018-03-21)Mar 21, 2018 · RAUM change · derived
- Swan Global Management filed its initial SEC registration (Form ADV)Oct 29, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Website
- SWANGLOBALINVESTMENTS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 970-382-9055reportedpublic record, Form ADV, Mar 18, 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
- Other adviserderiveda 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