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
Z••••••• I••••••••• M••••••••• L••••••
Latest filing Apr 2, 2026
First filing on the tape Jun 29, 2015 · 20 filings
SEC status approved since Jul 8, 2015
RAUM
$1.3B
reported, Item 5.F
Discretionary
100%
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
13
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$1.3B as of Apr 2, 2026
Mar 29, 2016$365M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 2, 2026
Mar 29, 20160 then
Employees (5.A)13 as of Apr 2, 2026
Mar 29, 201610 then
Private funds1 as of Apr 2, 2026
Mar 29, 20162 then
RAUM -5.4% over the last fiscal year+27% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 2, 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
- $215MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -5.4%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 pooled vehiclesreportedItem 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
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$614M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 6reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.48 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
4 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Z••••••• C•••• O••••••••• O••••••• F••• L•••••• | Hedge Fund | $103M | 2 | Mar 31, 2023 |
| Z••••••• A••• O••••••••• O••••••• M••••• F••• L•••••• | Hedge Fund | $98.8M | 2 | Jun 29, 2015 |
| Z••••••• C•••• A• L••• O••• F••• L•••••• | Other Private Fund | $2.9M | 4 | Mar 31, 2020 |
| Z••••••• C•••• A• I••••••••• C•••••• L••••••no longer reported | Hedge Fund | $1 | 0 | Apr 2, 2019 |
Owners and control persons
Schedule A and B, latest filing
- J••••••• C••••••••• D•••• · Chief Operating Officer/ Chief Compliance Officercontrolsince 04/2015 · owns less than 5%
- L••• B•••• · Co-Founder, Director And Head Of Researchcontrolsince 10/2014 · owns less than 5%
- L••• C••••••••• S•••• · Co-Founder, Director And Chief Investment Officercontrolsince 04/2015 · owns less than 5%
- R•••••••• D••••• G••••• E••••• · Directorcontrolsince 06/2015 · owns less than 5%
- M••••••• R•••••• · Directorsince 07/2020 · owns less than 5%
- Y•••••• W••••••• H••••• · Directorsince 03/2018 · owns less than 5%
Entity owners
- Z••••••• H••••••• L•••••• · 100% Shareholder Of Z••••••• I••••••••• M••••••••• L••••••direct · owns 75% or more
- A•••• F•••••••• S••••••• L•••••• A• T•••••• O• Z••••••• F••••• T•••• · T••••••indirect · owns F of Z••••••• F••••• T••••
- Z••••••• F••••• T•••• · 100% Shareholder Of Z••••••• H••••••• L••••••indirect · owns 75% or more of Z••••••• H••••••• L••••••
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Pooled vehicle clients · 5 to 3May 5, 2025 to Mar 30, 2026
- Private funds · 2 to 1May 5, 2025 to Mar 30, 2026
- Discretionary RAUM · $1.4B to $1.3BMay 5, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $1.3B to $614MMay 5, 2025 to Mar 30, 2026
- RAUM · $1.4B to $1.3BMay 5, 2025 to Mar 30, 2026
- Advisory employees · 5 to 6Mar 27, 2025 to May 5, 2025
- Employees · 12 to 13Mar 27, 2025 to May 5, 2025
- Financial planning clients · unset to Mar 27, 2025 to May 5, 2025
- Accounts · 5 to 6Jan 9, 2025 to Mar 27, 2025
- Discretionary RAUM · $1.0B to $1.4BJan 9, 2025 to Mar 27, 2025
- Pooled vehicle RAUM · $1.0B to $1.3BJan 9, 2025 to Mar 27, 2025
- RAUM · $1.0B to $1.4BJan 9, 2025 to Mar 27, 2025
- HQ state · unset to Mar 27, 2024 to Jan 9, 2025
- Employees · 10 to 12Mar 31, 2023 to Mar 27, 2024
- Financial planning clients · 0 to unsetMar 31, 2023 to Mar 27, 2024
- Private funds · 3 to 2Mar 31, 2023 to Mar 27, 2024
- Discretionary RAUM · $623M to $1.0BMar 31, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $623M to $1.0BMar 31, 2023 to Mar 27, 2024
- RAUM · $623M to $1.0BMar 31, 2023 to Mar 27, 2024
- Accounts · 3 to 5Mar 30, 2022 to Mar 31, 2023
- Pooled vehicle clients · 3 to 5Mar 30, 2022 to Mar 31, 2023
- Organization form · Corporation to Other (specify)Mar 30, 2022 to Mar 31, 2023
- Private funds · 2 to 3Mar 30, 2022 to Mar 31, 2023
- Discretionary RAUM · $305M to $623MMar 30, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $305M to $623MMar 30, 2022 to Mar 31, 2023
- RAUM · $305M to $623MMar 30, 2022 to Mar 31, 2023
- Accounts · 4 to 3Mar 29, 2021 to Mar 30, 2022
- Advisory employees · 6 to 5Mar 29, 2021 to Mar 30, 2022
- Pooled vehicle clients · 4 to 3Mar 29, 2021 to Mar 30, 2022
- Employees · 11 to 10Mar 29, 2021 to Mar 30, 2022
- Private funds · 3 to 2Mar 29, 2021 to Mar 30, 2022
- Discretionary RAUM · $196M to $305MMar 29, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $196M to $305MMar 29, 2021 to Mar 30, 2022
- RAUM · $196M to $305MMar 29, 2021 to Mar 30, 2022
- Accounts · 5 to 4Dec 15, 2020 to Mar 29, 2021
- Pooled vehicle clients · 5 to 4Dec 15, 2020 to Mar 29, 2021
- Employees · 12 to 11Dec 15, 2020 to Mar 29, 2021
- Financial planning clients · unset to 0Dec 15, 2020 to Mar 29, 2021
- Discretionary RAUM · $605M to $196MDec 15, 2020 to Mar 29, 2021
- Pooled vehicle RAUM · $605M to $196MDec 15, 2020 to Mar 29, 2021
Signals
8 dated events
- Z••••••• I••••••••• M••••••••• L•••••• reported RAUM $1.4B, up 35% from $1.0B (2025-01-09 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- Z••••••• I••••••••• M••••••••• L•••••• reported RAUM $1.0B, up 62% from $623.4M (2023-03-31 to 2024-03-27)Mar 27, 2024 · RAUM change · derived
- Z••••••• I••••••••• M••••••••• L•••••• reported RAUM $623.4M, up 105% from $304.8M (2022-03-30 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Z••••••• I••••••••• M••••••••• L•••••• reported RAUM $304.8M, up 56% from $195.9M (2021-03-29 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Z••••••• I••••••••• M••••••••• L•••••• reported RAUM $195.9M, down 68% from $605.3M (2020-12-15 to 2021-03-29)Mar 29, 2021 · RAUM change · derived
- Rohit Bhagat (Director) no longer on Schedule A of Z••••••• I••••••••• M••••••••• L•••••• (listed 2019-04-02, absent 2020-03-31)Mar 31, 2020 · Control person left · inference
- Z••••••• I••••••••• M••••••••• L•••••• reported RAUM $605.3M, down 33% from $906.3M (2019-04-02 to 2020-03-31)Mar 31, 2020 · RAUM change · derived
- Z••••••• I••••••••• M••••••••• L•••••• filed its initial SEC registration (Form ADV)Jun 29, 2015 · 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
- Z•••••••-IM.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 852-3163-8177reportedpublic record, Form ADV, Apr 2, 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