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

Amherst Capital Management LLC

Asset manager (funds and pooled vehicles)New York, New YorkCRD 174130SEC 801-80720websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Dec 4, 2014 · 40 filings
SEC status approved since Jan 2, 2015
RAUM
$545M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
9 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
1
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$545M as of Mar 31, 2026
Mar 30, 2015$350M then
HNW client RAUM$0 as of Mar 31, 2026
Mar 30, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20150 then
Employees (5.A)10 as of Mar 31, 2026
Mar 30, 20151 then
Private funds1 as of Mar 31, 2026
Mar 30, 20152 then
RAUM -30% over the last fiscal year-49% a year over threeIARs 0 to 0offices 2 to 3
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$182MderivedRAUM over accounts (5.F.2.f)
Discretionary
88%derivedof RAUM
Institutional
12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived4 offices incl. principal (1.F.5)
RAUM growth, one year
-30%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 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 vehiclesreportedItem 5.G
Custody
$3.5M, 2 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$477M88%
  • Charitable organizations$67.5M12%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
1reported
Accounts
3reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$3.5M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.88 institutional_share=0.12 related_bd=false related_bank=true 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Amherst Recap Cre Fund I LPno longer reportedReal Estate Fund$300M1Feb 18, 2015
      Amherst Recap Leveraged Cre Fund I LPno longer reportedReal Estate Fund$50.3M2Feb 18, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • Alan Sean Dobson · Chief Executive Officer And Chief Investment Officercontrol
        since 02/2015 · owns less than 5%
      • Jacob Jason Rottinger · Chief Compliance Officercontrol
        since 06/2015 · owns less than 5%
      • William Michael Conboy · Managercontrol
        since 11/2020 · owns F of The Amherst Group LLC
      • Francis Andrew Flahive · Managercontrol
        since 11/2020 · owns F of The Amherst Group LLC
      • Nelson Jacob Francis · Membercontrol
        since 02/2022 · owns F of The Amherst Group LLC
      • Shelling Deborah Reynolds · Managercontrol
        since 11/2020 · owns F of The Amherst Group LLC
      Entity owners
      • Amherst Group Holdings, LLC · Member
        direct · owns 75% or more
      • The Amherst Group LLC · Member
        direct · owns 75% or more
      • Amherst Holdings LLC · Member
        indirect · owns 50% to 75% of The Amherst Group LLC
      • The Amherst Group LLC · Member
        indirect · owns 75% or more of Amherst Group Holdings, LLC
      Related persons
      Schedule D 7.A
      • Acm Cre Fund I Acquisition Gp, LLC
        pooled vehicle sponsorn
      • Amherst Advisory & Management LLC
        investment adviserbanknRAUM $419M
      • Amherst Residential, LLC
        pooled vehicle sponsorn
      • Amherst Sfrp Vi Gp, LLC
        pooled vehicle sponsorn
      • Atlv Gp, LLC
        pooled vehicle sponsorn
      • Crest Fund Gp, LLC
        pooled vehicle sponsory
      • Main Street Renewal, LLC
        investment companyn
      • Rmbs Strategic Recovery I Gp, LLC
        pooled vehicle sponsorn
      • Vaca Morada Gp, LLC
        bankpooled vehicle sponsorn
      Advisers that list Amherst Capital Management LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Austin, TX3 employees
      • Mcclean, VA2 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $782,560,552 to $544,672,797 (-30.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +8.0% (673 comparable advisers, 6.0th percentile of changes)
        peers: asset managers, $500M to $1B (673) · 5.8% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 4 to 3
        Jan 30, 2026 to Mar 31, 2026
      • Pooled vehicle clients · 3 to 2
        Jan 30, 2026 to Mar 31, 2026
      • Assets in custody · $11.6M to $3.5M
        Jan 30, 2026 to Mar 31, 2026
      • Discretionary RAUM · $716M to $477M
        Jan 30, 2026 to Mar 31, 2026
      • Non-discretionary RAUM · $67.0M to $67.5M
        Jan 30, 2026 to Mar 31, 2026
      • Pooled vehicle RAUM · $716M to $477M
        Jan 30, 2026 to Mar 31, 2026
      • RAUM · $783M to $545M
        Jan 30, 2026 to Mar 31, 2026
      • Related adviser · true to false
        Jan 30, 2026 to Mar 31, 2026
      • Other offices · 2 to 3
        Mar 31, 2025 to Jan 30, 2026
      • Financial planning clients · 0 to 0
        Mar 30, 2024 to Mar 31, 2025
      • Private funds · unset to 1
        Mar 30, 2024 to Mar 31, 2025
      • Discretionary RAUM · $4.5B to $716M
        Mar 30, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $760M to $716M
        Mar 30, 2024 to Mar 31, 2025
      • RAUM · $4.6B to $783M
        Mar 30, 2024 to Mar 31, 2025
      • Accounts · 5 to 4
        Mar 30, 2024 to Mar 31, 2025
      • Advisory employees · 14 to 9
        Mar 30, 2024 to Mar 31, 2025
      • Advisory activities · 3 to 2
        Mar 30, 2024 to Mar 31, 2025
      • BD registered reps · 2 to 0
        Mar 30, 2024 to Mar 31, 2025
      • Corporate clients · unset to 0.0
        Mar 30, 2024 to Mar 31, 2025
      • HNW clients · unset to 0.0
        Mar 30, 2024 to Mar 31, 2025
      • Individual clients · unset to 0.0
        Mar 30, 2024 to Mar 31, 2025
      • Pension plan clients · unset to 0.0
        Mar 30, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 2 to 3
        Mar 30, 2024 to Mar 31, 2025
      • Assets in custody · $17.1M to $11.6M
        Mar 30, 2024 to Mar 31, 2025
      • Employees · 16 to 10
        Mar 30, 2024 to Mar 31, 2025
      • Advisory employees · 18 to 14
        Jan 2, 2024 to Mar 30, 2024
      • BD registered reps · 3 to 2
        Jan 2, 2024 to Mar 30, 2024
      • Assets in custody · $28.1M to $17.1M
        Jan 2, 2024 to Mar 30, 2024
      • Employees · 21 to 16
        Jan 2, 2024 to Mar 30, 2024
      • State-registered IARs · 1 to 0
        Jan 2, 2024 to Mar 30, 2024
      • Other offices · 3 to 2
        Jan 2, 2024 to Mar 30, 2024
      • Discretionary RAUM · $4.2B to $4.5B
        Jan 2, 2024 to Mar 30, 2024
      • Pooled vehicle RAUM · $958M to $760M
        Jan 2, 2024 to Mar 30, 2024
      • RAUM · $4.2B to $4.6B
        Jan 2, 2024 to Mar 30, 2024
      • Accounts · 4 to 5
        Jun 23, 2022 to Mar 31, 2023
      • Advisory employees · 25 to 18
        Jun 23, 2022 to Mar 31, 2023
      • BD registered reps · 5 to 3
        Jun 23, 2022 to Mar 31, 2023
      • Charity clients · unset to 1.0
        Jun 23, 2022 to Mar 31, 2023
      • Assets in custody · $24.5M to $28.1M
        Jun 23, 2022 to Mar 31, 2023
      • Employees · 29 to 21
        Jun 23, 2022 to Mar 31, 2023
      Signals
      25 dated events
      • Amherst Capital Management Llc reported RAUM $544.7M, down 30% from $782.6M (2026-01-30 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Amherst Capital Management Llc reported RAUM $782.6M, down 83% from $4.6B (2024-03-30 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • Louis Eric Rosenzweig (Manager) no longer on Schedule A of Amherst Capital Management Llc (listed 2024-01-02, absent 2024-03-30)
        Mar 30, 2024 · Control person left · inference
      • Amherst Capital Management Llc reported RAUM $4.2B, up 29% from $3.3B (2022-06-23 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • David Nicolas Zerbib (Manager) no longer on Schedule A of Amherst Capital Management Llc (listed 2022-06-23, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Sutton Gillian Cho (Chief Operating Officer) no longer on Schedule A of Amherst Capital Management Llc (listed 2022-06-23, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Nelson Jacob Francis (Member) appeared on Schedule A of Amherst Capital Management Llc
        Mar 31, 2022 · Control person joined · fact
      • William Clint Corn (Manager) no longer on Schedule A of Amherst Capital Management Llc (listed 2021-11-15, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Amherst Capital Management Llc reported RAUM $3.1B, up 42% from $2.2B (2021-01-06 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Gulizar Banu Roso (Chief Operating Officer) no longer on Schedule A of Amherst Capital Management Llc (listed 2021-01-06, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Sutton Gillian Cho (Chief Operating Officer) appeared on Schedule A of Amherst Capital Management Llc
        Mar 31, 2021 · Control person joined · fact
      • Marc Steven Gorman (Manager) no longer on Schedule A of Amherst Capital Management Llc (listed 2020-03-30, absent 2021-01-06)
        Jan 6, 2021 · Control person left · inference
      • Loring Stephen Coale (Manager) no longer on Schedule A of Amherst Capital Management Llc (listed 2020-03-30, absent 2021-01-06)
        Jan 6, 2021 · Control person left · inference
      • Francis Andrew Flahive (Manager) appeared on Schedule A of Amherst Capital Management Llc
        Jan 6, 2021 · Control person joined · fact
      • William Michael Conboy (Manager) appeared on Schedule A of Amherst Capital Management Llc
        Jan 6, 2021 · Control person joined · fact
      • William Clint Corn (Manager) appeared on Schedule A of Amherst Capital Management Llc
        Jan 6, 2021 · Control person joined · fact
      • Louis Eric Rosenzweig (Manager) appeared on Schedule A of Amherst Capital Management Llc
        Jan 6, 2021 · Control person joined · fact
      • Arthur Charles Davis (Managing Member) no longer on Schedule A of Amherst Capital Management Llc (listed 2020-01-17, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Dawson James Carey (Managing Member) no longer on Schedule A of Amherst Capital Management Llc (listed 2020-01-17, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Jay David Wermuth (Managing Member) no longer on Schedule A of Amherst Capital Management Llc (listed 2020-01-17, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • King Roger Taylor (Manager) no longer on Schedule A of Amherst Capital Management Llc (listed 2020-01-17, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Kurtis Kurimsky (Trustee) no longer on Schedule A of Amherst Capital Management Llc (listed 2019-01-30, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • Gulizar Banu Roso (Chief Operating Officer) appeared on Schedule A of Amherst Capital Management Llc
        Jan 30, 2019 · Control person joined · fact
      • Amherst Capital Management Llc reported RAUM $1.8B, up 91% from $919.7M (2018-04-02 to 2018-07-30)
        Jul 30, 2018 · RAUM change · derived
      • Bnym Real Estate Capital Partners Llc filed its initial SEC registration (Form ADV)
        Dec 4, 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
      Firm profile
      linkedin.com/company/amherstreportedpublic record, Form ADV, Sep 17, 2026
      Website
      amherst.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      212-593-6020reportedpublic record, Form ADV, Mar 31, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Amherst Capital Management LLC is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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