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

M••• M••••••••• L••

Former SEC-registered adviserCRD 277076SEC 801-106735IAPD
Latest filing Jun 1, 2023
First filing on the tape Sep 29, 2015 · 20 filings
RAUM
$432M
reported, Item 5.F
Discretionary
0.0%
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
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$52.9M gross assets
History
20 filings and snapshots on the tape
RAUM$432M as of Mar 27, 2023
Mar 30, 2016$36.5M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2023
Mar 30, 20160 then
Employees (5.A)10 as of Mar 27, 2023
Mar 30, 20166 then
Private funds1 as of Mar 27, 2023
Mar 30, 20161 then
RAUM -36% over the last fiscal year-13% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 1, 2023; 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
$108MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%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
-36%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 vehicles, otherreportedItem 5.G
Custody
$88.3M, 3 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
  • 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)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$52.9M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$88.3M for 3 clientsreported
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
      8 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      M••••• R••• E••••• C•••••• L••no longer reportedReal Estate Fund$383M1,073Jul 17, 2015
      M••••• R••• E••••• C••••• T•• L••no longer reportedReal Estate Fund$176M913Mar 31, 2017
      M••• P•• C•••••••• L••Real Estate Fund$52.9M5Mar 27, 2023
      M••••• R••• E••••• C••••• O•••••••• L•no longer reportedReal Estate Fund$19.0M44Mar 31, 2017
      M••••• F•••••• W•• C•••••••• L••no longer reportedOther Private Fund$2.2M2Mar 31, 2017
      M••••• T•••••• K•••• C•••••••• L••no longer reportedOther Private Fund$2.0M2Mar 31, 2017
      M••••• E••••••• C••••••••• L••no longer reportedOther Private Fund$1.0M2Mar 31, 2017
      M••• R••• H•••••••• L••no longer reportedOther Private Fund$137,364127Mar 31, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • P•••••• E••••• H•••• · Managing Partnercontrol
        since 04/2015 · owns less than 5%
      • P••••••• J•••••• A•••••• · Co-Ciocontrol
        since 02/2023 · owns less than 5%
      • P•••••• T•••••• M•••••• · Co-Ciocontrol
        since 02/2023 · owns less than 5%
      • P•••••• E••••• H•••• · Managing Partnercontrol
        since 04/2015 · owns 75% or more of L• R••• E••••• F••••••• L••
      • A••••••••• A•••••••• S•••• · Chief Compliance Officer
        since 07/2021 · owns less than 5%
      • H•••••• P•••••• I•••• · Managing Director, Head Of Asset Management
        since 07/2021 · owns less than 5%
      • P••••••• M•••• J•••• · General Counsel
        since 01/2019 · owns less than 5%
      Entity owners
      • M••••• R••• E••••• I••••••••• L•• · Member
        direct · owns 75% or more
      • J•••••• L•• · Member
        indirect · owns 75% or more of M••••• R••• E••••• I••••••••• L••
      • L• R••• E••••• F••••••• L•• · Member
        indirect · owns 75% or more of J•••••• 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
      • HQ city · ALL REMOTE WORK to unset
        Mar 27, 2023 to Jun 1, 2023
      • HQ state · CA to unset
        Mar 27, 2023 to Jun 1, 2023
      • Accounts · 6 to 4
        Mar 28, 2022 to Mar 27, 2023
      • Advisory employees · 11 to 10
        Mar 28, 2022 to Mar 27, 2023
      • Pooled vehicle clients · 3 to 1
        Mar 28, 2022 to Mar 27, 2023
      • Assets in custody · $678M to $88.3M
        Mar 28, 2022 to Mar 27, 2023
      • Employees · 11 to 10
        Mar 28, 2022 to Mar 27, 2023
      • HQ city · CALABASAS to ALL REMOTE WORK
        Mar 28, 2022 to Mar 27, 2023
      • Private funds · 3 to 1
        Mar 28, 2022 to Mar 27, 2023
      • Discretionary RAUM · $588M to $0
        Mar 28, 2022 to Mar 27, 2023
      • Non-discretionary RAUM · $90.0M to $432M
        Mar 28, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $578M to $52.9M
        Mar 28, 2022 to Mar 27, 2023
      • RAUM · $678M to $432M
        Mar 28, 2022 to Mar 27, 2023
      • Assets in custody · $562M to $678M
        Aug 13, 2021 to Mar 28, 2022
      • Employees · 12 to 11
        Aug 13, 2021 to Mar 28, 2022
      • Other offices · 1 to 0
        Aug 13, 2021 to Mar 28, 2022
      • Discretionary RAUM · $562M to $588M
        Aug 13, 2021 to Mar 28, 2022
      • Non-discretionary RAUM · $94.9M to $90.0M
        Aug 13, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $551M to $578M
        Aug 13, 2021 to Mar 28, 2022
      • RAUM · $656M to $678M
        Aug 13, 2021 to Mar 28, 2022
      • Advisory employees · 14 to 11
        Apr 28, 2021 to Aug 13, 2021
      • Employees · 17 to 12
        Apr 28, 2021 to Aug 13, 2021
      • Accounts · 8 to 6
        May 13, 2020 to Mar 28, 2021
      • Advisory employees · 19 to 14
        May 13, 2020 to Mar 28, 2021
      • Assets in custody · $507M to $562M
        May 13, 2020 to Mar 28, 2021
      • Employees · 21 to 17
        May 13, 2020 to Mar 28, 2021
      • Discretionary RAUM · $517M to $562M
        May 13, 2020 to Mar 28, 2021
      • Non-discretionary RAUM · $135M to $94.9M
        May 13, 2020 to Mar 28, 2021
      • Pooled vehicle RAUM · $507M to $551M
        May 13, 2020 to Mar 28, 2021
      • RAUM · $652M to $656M
        May 13, 2020 to Mar 28, 2021
      • Accounts · 4 to 8
        Mar 25, 2019 to Mar 30, 2020
      • Advisory employees · 15 to 19
        Mar 25, 2019 to Mar 30, 2020
      • Assets in custody · $373M to $507M
        Mar 25, 2019 to Mar 30, 2020
      • Employees · 17 to 21
        Mar 25, 2019 to Mar 30, 2020
      • Discretionary RAUM · $364M to $517M
        Mar 25, 2019 to Mar 30, 2020
      • Non-discretionary RAUM · $8.8M to $135M
        Mar 25, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $364M to $507M
        Mar 25, 2019 to Mar 30, 2020
      • RAUM · $373M to $652M
        Mar 25, 2019 to Mar 30, 2020
      • Accounts · 5 to 4
        Jan 30, 2019 to Mar 25, 2019
      • Advisory employees · 9 to 15
        Jan 30, 2019 to Mar 25, 2019
      Signals
      15 dated events
      • M••• M••••••••• L•• reported RAUM $432.3M, down 36% from $678.5M (2022-03-28 to 2023-03-27)
        Mar 27, 2023 · RAUM change · derived
      • Maurice Thomas Powers (Co-Cio) appeared on Schedule A of M••• M••••••••• L••
        Mar 27, 2023 · Control person joined · fact
      • Anthony Joseph Piscina (Co-Cio) appeared on Schedule A of M••• M••••••••• L••
        Mar 27, 2023 · Control person joined · fact
      • Alexander Fidel Ovalle (Executive Managing Director, Head Of Originations) no longer on Schedule A of M••• M••••••••• L•• (listed 2021-08-13, absent 2022-03-28)
        Mar 28, 2022 · Control person left · inference
      • Lee Vicky Schiff (Managing Partner) no longer on Schedule A of M••• M••••••••• L•• (listed 2021-04-28, absent 2021-08-13)
        Aug 13, 2021 · Control person left · inference
      • Hardip Parmar (Chief Financial Officer) no longer on Schedule A of M••• M••••••••• L•• (listed 2021-04-28, absent 2021-08-13)
        Aug 13, 2021 · Control person left · inference
      • Bruce Davidson (Executive Managing Director, Head Of Asset Management) no longer on Schedule A of M••• M••••••••• L•• (listed 2020-05-13, absent 2021-03-28)
        Mar 28, 2021 · Control person left · inference
      • M••• M••••••••• L•• reported RAUM $652.4M, up 75% from $373.0M (2019-03-25 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Alexander Fidel Ovalle (Executive Managing Director, Head Of Originations) appeared on Schedule A of M••• M••••••••• L••
        Mar 30, 2020 · Control person joined · fact
      • M••• M••••••••• L•• reported RAUM $373.0M, up 42% from $262.6M (2019-01-30 to 2019-03-25)
        Mar 25, 2019 · RAUM change · derived
      • Bruce Davidson (Managing Director, Head Of Asset Management) appeared on Schedule A of M••• M••••••••• L••
        Mar 25, 2019 · Control person joined · fact
      • Hardip Parmar (Chief Financial Officer) appeared on Schedule A of M••• M••••••••• L••
        Jan 30, 2019 · Control person joined · fact
      • David James Bohan (Chief Financial Officer) no longer on Schedule A of M••• M••••••••• L•• (listed 2018-06-06, absent 2019-01-30)
        Jan 30, 2019 · Control person left · inference
      • M••• M••••••••• L•• reported RAUM $262.6M, up 146% from $106.6M (2017-07-20 to 2018-03-31)
        Mar 31, 2018 · RAUM change · derived
      • M••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Sep 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.
      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
      Across the graphs

      M••• M••••••••• L•• 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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