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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Former SEC-registered adviser

N•••••• C•••••• L••

Former SEC-registered adviserNew York, New YorkCRD 269902SEC 801-106814IAPD
Latest filing Mar 20, 2018
First filing on the tape Oct 13, 2015 · 4 filings
RAUM
$735M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
2.9%
$21.4M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
11
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
4
$714M gross assets
History
4 filings and snapshots on the tape
RAUM$735M as of Mar 20, 2018
Mar 30, 2016$825M then
HNW client RAUM: $10.5M
State-registered IARs (5.B.3)0 as of Mar 20, 2018
Mar 30, 20160 then
Employees (5.A)11 as of Mar 20, 2018
Mar 30, 201611 then
Private funds4 as of Mar 20, 2018
Mar 30, 20164 then
RAUM -7.9% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 20, 2018; 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
$1.7MderivedHNW RAUM over HNW clients
Average account
$7.2MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-7.9%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 individuals, 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$714M97%
  • Individuals$11.0M1.5%
  • High-net-worth individuals$10.5M1.4%
Individual clients
92reported
HNW clients
6reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
102reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
      Every departureEvery arrival
      Private funds
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      N•••••• C•••••• F•••••• 2••••• C•• L•••Securitized Asset Fund$382M7Mar 25, 2015
      N•••••• C•••••• F•••••• 2••••• C•• L•••Securitized Asset Fund$332M7Mar 28, 2014
      N•••••• C•••••• F•••••• 2••••• C•• L••Securitized Asset Fund$07Mar 25, 2015
      N•••••• C•••••• F•••••• 2••••• C•• L••Securitized Asset Fund$07Mar 28, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • F••••••• D•••• · Equity Portfolio Managercontrol
        since 10/2016 · owns less than 5%
      • G•••• M•••• L•••• · Member, Chief Executive Officer, Chief Compliance Officercontrol
        since 02/2013 · owns 50% to 75%
      • G•••• S••••• B• · Trusteecontrol
        since 01/2012 · owns F of Nbb 2012 - Trust
      Entity owners
      • N•• 2••• T•••• · Member
        direct · owns 25% to 50%
      Related persons
      Schedule D 7.A
      Advisers that list N•••••• C•••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 91 to 102
        Mar 31, 2017 to Mar 20, 2018
      • Advisory employees · 8 to 7
        Mar 31, 2017 to Mar 20, 2018
      • HNW clients · unset to 6.0
        Mar 31, 2017 to Mar 20, 2018
      • Individual clients · unset to 92.0
        Mar 31, 2017 to Mar 20, 2018
      • Pooled vehicle clients · unset to 4.0
        Mar 31, 2017 to Mar 20, 2018
      • Other offices · unset to 1.0
        Mar 31, 2017 to Mar 20, 2018
      • Discretionary RAUM · $798M to $735M
        Mar 31, 2017 to Mar 20, 2018
      • HNW RAUM · unset to 10454206.0
        Mar 31, 2017 to Mar 20, 2018
      • Individual RAUM · unset to 10959896.0
        Mar 31, 2017 to Mar 20, 2018
      • Pooled vehicle RAUM · unset to 713645975.0
        Mar 31, 2017 to Mar 20, 2018
      • RAUM · $798M to $735M
        Mar 31, 2017 to Mar 20, 2018
      • Accounts · 35 to 91
        Mar 30, 2016 to Mar 31, 2017
      • Advisory activities · 3 to 2
        Mar 30, 2016 to Mar 31, 2017
      • Discretionary RAUM · $800M to $798M
        Mar 30, 2016 to Mar 31, 2017
      • Non-discretionary RAUM · $25.0M to $0
        Mar 30, 2016 to Mar 31, 2017
      • RAUM · $825M to $798M
        Mar 30, 2016 to Mar 31, 2017
      • Accounts · 5 to 35
        Oct 13, 2015 to Mar 30, 2016
      • Advisory employees · 7 to 8
        Oct 13, 2015 to Mar 30, 2016
      • Advisory activities · 2 to 3
        Oct 13, 2015 to Mar 30, 2016
      • Employees · 10 to 11
        Oct 13, 2015 to Mar 30, 2016
      • Discretionary RAUM · $789M to $800M
        Oct 13, 2015 to Mar 30, 2016
      • RAUM · $814M to $825M
        Oct 13, 2015 to Mar 30, 2016
      Signals
      1 dated events
      • N•••••• C•••••• L•• filed its initial SEC registration (Form ADV)
        Oct 13, 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.
      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
      Former SEC-registered 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