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

S•••••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Princeton, New JerseyCRD 271030SEC 801-107466IAPD
Latest filing Apr 2, 2026
First filing on the tape Mar 15, 2016 · 15 filings
SEC status approved since Apr 4, 2016
RAUM
$760M
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
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$760M as of Apr 2, 2026
Mar 10, 2017$450M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 2, 2026
Mar 10, 20170 then
Employees (5.A)4 as of Apr 2, 2026
Mar 10, 201710 then
Private funds1 as of Feb 18, 2022
Mar 10, 20172 then
RAUM -5.0% over the last fiscal year+56% 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
$760MderivedRAUM 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
-5.0%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, fixed fees, 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
  • 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)
  • 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
  • Pooled investment vehicles$760M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 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
      Every departureEvery arrival
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•••••••• M••••• F••• L•••no longer reportedHedge Fund$1.7B18Aug 14, 2015
      S•••••••• M••••• F••• I• L•no longer reportedHedge Fund$230M2Oct 31, 2016
      Owners and control persons
      Schedule A and B, latest filing
      • L•• Q••• · Chief Executive Officer/Chief Compliance Officercontrol
        since 03/2014 · owns 75% or more
      Entity owners
      • S•••••••• M••••••••• H••••••• L•• · General Partner
        direct · owns less than 5%
      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
      • Advisory employees · 3 to 4
        Mar 31, 2025 to Apr 2, 2026
      • Employees · 3 to 4
        Mar 31, 2025 to Apr 2, 2026
      • Discretionary RAUM · $800M to $760M
        Mar 31, 2025 to Apr 2, 2026
      • Pooled vehicle RAUM · $800M to $760M
        Mar 31, 2025 to Apr 2, 2026
      • RAUM · $800M to $760M
        Mar 31, 2025 to Apr 2, 2026
      • Financial planning clients · 0 to 0
        Apr 8, 2024 to Mar 31, 2025
      • Discretionary RAUM · $320M to $800M
        Apr 8, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $320M to $800M
        Apr 8, 2024 to Mar 31, 2025
      • RAUM · $320M to $800M
        Apr 8, 2024 to Mar 31, 2025
      • Discretionary RAUM · $200M to $320M
        Jul 13, 2023 to Apr 8, 2024
      • Pooled vehicle RAUM · $200M to $320M
        Jul 13, 2023 to Apr 8, 2024
      • RAUM · $200M to $320M
        Jul 13, 2023 to Apr 8, 2024
      • Accounts · 2 to 1
        Feb 18, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 2 to 1
        Feb 18, 2022 to Mar 30, 2023
      • Assets in custody · 1701210251.0 to unset
        Feb 18, 2022 to Mar 30, 2023
      • Custody of client assets · true to false
        Feb 18, 2022 to Mar 30, 2023
      • Employees · 4 to 3
        Feb 18, 2022 to Mar 30, 2023
      • Private funds · 1 to unset
        Feb 18, 2022 to Mar 30, 2023
      • Discretionary RAUM · $1.7B to $200M
        Feb 18, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $1.7B to $200M
        Feb 18, 2022 to Mar 30, 2023
      • RAUM · $1.7B to $200M
        Feb 18, 2022 to Mar 30, 2023
      • Related adviser · true to false
        Feb 18, 2022 to Mar 30, 2023
      • Related bank · true to false
        Feb 18, 2022 to Mar 30, 2023
      • Assets in custody · $1.7B to $1.7B
        Apr 19, 2021 to Feb 18, 2022
      • Discretionary RAUM · $1.7B to $1.7B
        Apr 19, 2021 to Feb 18, 2022
      • Pooled vehicle RAUM · $1.7B to $1.7B
        Apr 19, 2021 to Feb 18, 2022
      • RAUM · $1.7B to $1.7B
        Apr 19, 2021 to Feb 18, 2022
      • Assets in custody · $950M to $1.7B
        Mar 9, 2021 to Apr 19, 2021
      • Discretionary RAUM · $950M to $1.7B
        Mar 9, 2021 to Apr 19, 2021
      • Pooled vehicle RAUM · $950M to $1.7B
        Mar 9, 2021 to Apr 19, 2021
      • RAUM · $950M to $1.7B
        Mar 9, 2021 to Apr 19, 2021
      • Assets in custody · $870M to $950M
        Mar 11, 2020 to Mar 9, 2021
      • Discretionary RAUM · $870M to $950M
        Mar 11, 2020 to Mar 9, 2021
      • Pooled vehicle RAUM · $870M to $950M
        Mar 11, 2020 to Mar 9, 2021
      • RAUM · $870M to $950M
        Mar 11, 2020 to Mar 9, 2021
      • Advisory employees · 4 to 3
        Mar 13, 2019 to Mar 11, 2020
      • Assets in custody · $0 to $870M
        Mar 13, 2019 to Mar 11, 2020
      • Custody of client assets · false to true
        Mar 13, 2019 to Mar 11, 2020
      • Employees · 6 to 4
        Mar 13, 2019 to Mar 11, 2020
      • Other offices · 1 to 0
        Mar 13, 2019 to Mar 11, 2020
      Signals
      8 dated events
      • S•••••••• M••••••••• L• reported RAUM $800.0M, up 150% from $320.0M (2024-04-08 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • S•••••••• M••••••••• L• reported RAUM $320.0M, up 60% from $200.0M (2023-07-13 to 2024-04-08)
        Apr 8, 2024 · RAUM change · derived
      • Ari Jordan Dermon (Chief Operating Officer/Chief Compliance Officer) no longer on Schedule A of S•••••••• M••••••••• L• (listed 2023-03-30, absent 2023-07-13)
        Jul 13, 2023 · Control person left · inference
      • S•••••••• M••••••••• L• reported RAUM $200.0M, down 88% from $1.7B (2022-02-18 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • S•••••••• M••••••••• L• reported RAUM $1.7B, up 75% from $950.0M (2021-03-09 to 2021-04-19)
        Apr 19, 2021 · RAUM change · derived
      • S•••••••• M••••••••• L• reported RAUM $870.0M, up 235% from $260.0M (2019-03-13 to 2020-03-11)
        Mar 11, 2020 · RAUM change · derived
      • S•••••••• M••••••••• L• reported RAUM $260.0M, down 42% from $450.0M (2018-03-13 to 2019-03-13)
        Mar 13, 2019 · RAUM change · derived
      • S•••••••• M••••••••• L• filed its initial SEC registration (Form ADV)
        Mar 15, 2016 · 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
      Principal office phone
      609-917-3298reportedpublic 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
      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