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.

Former SEC-registered adviser

Chiron Investment Management, LLC

Former SEC-registered adviserNew York, New YorkCRD 277165SEC 801-106527websiteIAPD
Latest filing Mar 28, 2025
First filing on the tape Aug 4, 2015 · 33 filings
SEC status approved since Aug 25, 2015
RAUM
$440M
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
89
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$440M as of Mar 28, 2025
Mar 29, 2016$26.1M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 28, 2025
Mar 29, 20160 then
Employees (5.A)89 as of Mar 28, 2025
Mar 29, 201617 then
Private funds: no history
RAUM -28% over the last fiscal year-35% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 28, 2025; 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
$220MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-28%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 assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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)
  • 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
  • Investment companies$440M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Philip Browne · Chief Financial Officercontrol
        since 03/2020 · owns less than 5%
      • Robert Marc Bryant · Chief Legal Officercontrol
        since 03/2020 · owns less than 5%
      • Craig Michael Forman · Chief Executive Officercontrol
        since 03/2020 · owns less than 5%
      • Anne Kristen Richards · Chief Compliance Officercontrol
        since 03/2020 · owns less than 5%
      • Jason David Adelman · Membercontrol
        since 03/2020 · owns 50% to 75% of Franklin Square Holdings G.P., LLC
      • Craig Michael Forman · Managing Membercontrol
        since 03/2020 · owns 50% to 75% of Franklin Square Holdings G.P., LLC
      • Craig Michael Forman · Limited Partnercontrol
        since 08/2005 · owns 75% or more of Fb Capital Partners, LP
      • Craig Michael Forman · Sole Membercontrol
        since 02/2007 · owns 75% or more of Fb Capital Management, LLC
      • Thomas Stephen Nelb · Derivatives Risk Manager
        since 01/2022 · owns less than 5%
      • Jay Michael Heller · Trustee
        since 03/2020 · owns F of The 2011 Forman Investment Trust
      Entity owners
      • Franklin Square Holdings, L.P. · Member
        direct · owns 75% or more
      • Fsh Advisor Fee Holdings LLC · Member
        direct · owns 10% to 25%
      • Fb Capital Management, LLC · General Partner
        indirect · owns F of Fb Capital Partners, LP
      • Fb Capital Partners, LP · Member
        indirect · owns 25% to 50% of Fsh Nci Aggregator, LLC
      • Franklin Square Holdings G.P., LLC · General Partner
        indirect · owns F of Franklin Square Holdings, L.P.
      • Franklin Square Holdings, L.P. · Member
        indirect · owns 75% or more of Fsh Advisor Fee Holdings LLC
      • Fsh Nci Aggregator, LLC · Limited Partner
        indirect · owns 25% to 50% of Franklin Square Holdings, L.P.
      • The 2011 Forman Investment Trust · Member
        indirect · owns 25% to 50% of Fsh Nci Aggregator, LLC
      • The 2011 Forman Investment Trust · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      Advisers that list Chiron Investment Management, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • , 2 employees
      • Philadelphia, PA
      What changed
      consecutive filings, newest first
      • Advisory employees · 9 to 4
        Jan 15, 2025 to Mar 28, 2025
      • BD registered reps · 6 to 13
        Jan 15, 2025 to Mar 28, 2025
      • Employees · 67 to 89
        Jan 15, 2025 to Mar 28, 2025
      • Discretionary RAUM · $612M to $440M
        Jan 15, 2025 to Mar 28, 2025
      • RAUM · $612M to $440M
        Jan 15, 2025 to Mar 28, 2025
      • BD registered reps · 5 to 6
        Jul 31, 2023 to Mar 27, 2024
      • Discretionary RAUM · $765M to $612M
        Jul 31, 2023 to Mar 27, 2024
      • RAUM · $765M to $612M
        Jul 31, 2023 to Mar 27, 2024
      • Accounts · 4 to 2
        May 31, 2023 to Jul 31, 2023
      • Advisory employees · 8 to 9
        May 31, 2023 to Jul 31, 2023
      • Advisory activities · 2 to 1
        May 31, 2023 to Jul 31, 2023
      • BD registered reps · 7 to 5
        May 31, 2023 to Jul 31, 2023
      • Pooled vehicle clients · 1.0 to unset
        May 31, 2023 to Jul 31, 2023
      • Employees · 85 to 67
        May 31, 2023 to Jul 31, 2023
      • Discretionary RAUM · $1.1B to $765M
        May 31, 2023 to Jul 31, 2023
      • Pooled vehicle RAUM · 281542574.0 to unset
        May 31, 2023 to Jul 31, 2023
      • RAUM · $1.1B to $765M
        May 31, 2023 to Jul 31, 2023
      • Advisory employees · 9 to 8
        Mar 31, 2022 to Mar 31, 2023
      • BD registered reps · 4 to 7
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 16 to 85
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.6B to $1.1B
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $350M to $282M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $1.6B to $1.1B
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 8 to 9
        Oct 28, 2021 to Mar 31, 2022
      • Employees · 14 to 16
        Oct 28, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.6B to $1.6B
        Oct 28, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $352M to $350M
        Oct 28, 2021 to Mar 31, 2022
      • RAUM · $1.6B to $1.6B
        Oct 28, 2021 to Mar 31, 2022
      • Accounts · 3 to 4
        May 7, 2021 to Oct 28, 2021
      • Discretionary RAUM · $1.0B to $1.6B
        May 7, 2021 to Oct 28, 2021
      • Pooled vehicle RAUM · $350M to $352M
        May 7, 2021 to Oct 28, 2021
      • RAUM · $1.0B to $1.6B
        May 7, 2021 to Oct 28, 2021
      • Pooled vehicle RAUM · $429M to $350M
        Oct 30, 2020 to Mar 30, 2021
      • RAUM · $1.8B to $1.0B
        Oct 30, 2020 to Mar 30, 2021
      • Advisory employees · 10 to 8
        Oct 30, 2020 to Mar 30, 2021
      • Employees · 17 to 14
        Oct 30, 2020 to Mar 30, 2021
      • Discretionary RAUM · $1.8B to $1.0B
        Oct 30, 2020 to Mar 30, 2021
      • Advisory employees · 11 to 10
        May 24, 2019 to Mar 30, 2020
      • BD registered reps · 17 to 4
        May 24, 2019 to Mar 30, 2020
      • Employees · 30 to 17
        May 24, 2019 to Mar 30, 2020
      Signals
      19 dated events
      • Chiron Investment Management, Llc no longer on the SEC adviser roster (last listed 2025-06-02, RAUM $440.2M)
        Jul 1, 2025 · Left the SEC roster · derived
      • Chiron Investment Management, Llc reported RAUM $440.2M, down 28% from $612.0M (2025-01-15 to 2025-03-28)
        Mar 28, 2025 · RAUM change · derived
      • Chiron Investment Management, Llc reported RAUM $765.4M, down 32% from $1.1B (2023-05-31 to 2023-07-31)
        Jul 31, 2023 · RAUM change · derived
      • Robert Marc Bryant (Chief Legal Officer) appeared on Schedule A of Chiron Investment Management, Llc
        Jul 31, 2023 · Control person joined · fact
      • Salvatore Enrico Gaglioti (President) no longer on Schedule A of Chiron Investment Management, Llc (listed 2023-03-31, absent 2023-05-31)
        May 31, 2023 · Control person left · inference
      • Francis Ryan Caldwell (Chief Investment Officer) no longer on Schedule A of Chiron Investment Management, Llc (listed 2023-03-31, absent 2023-05-31)
        May 31, 2023 · Control person left · inference
      • Chiron Investment Management, Llc reported RAUM $1.1B, down 31% from $1.6B (2022-03-31 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Chiron Investment Management, Llc reported RAUM $1.6B, up 56% from $1.0B (2021-05-07 to 2021-10-28)
        Oct 28, 2021 · RAUM change · derived
      • Chiron Investment Management, Llc reported RAUM $1.0B, down 42% from $1.8B (2020-10-30 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • Craig Michael Forman (Managing Member) appeared on Schedule A of Chiron Investment Management, Llc
        Mar 30, 2020 · Control person joined · fact
      • Jason David Adelman (Managing Member Of The General Partner) appeared on Schedule A of Chiron Investment Management, Llc
        Mar 30, 2020 · Control person joined · fact
      • Philip Browne (Chief Financial Officer) appeared on Schedule A of Chiron Investment Management, Llc
        Mar 30, 2020 · Control person joined · fact
      • Ann Kirsten Pickens (Head Of Distribution) no longer on Schedule A of Chiron Investment Management, Llc (listed 2019-05-24, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Adam Marc Spilker (Owner And Managing Member) no longer on Schedule A of Chiron Investment Management, Llc (listed 2019-05-24, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Paul John Armenio (Chief Operating Officer) no longer on Schedule A of Chiron Investment Management, Llc (listed 2019-05-24, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Steven Scott Prince (Vice Chairman) no longer on Schedule A of Chiron Investment Management, Llc (listed 2019-05-24, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Popatlal Shailendra Panchal (Chief Risk Officer) no longer on Schedule A of Chiron Investment Management, Llc (listed 2019-03-29, absent 2019-05-24)
        May 24, 2019 · Control person left · inference
      • Chiron Investment Management, Llc reported RAUM $2.4B, up 668% from $313.1M (2017-03-31 to 2018-03-30)
        Mar 30, 2018 · RAUM change · derived
      • Chiron Investment Management, Llc filed its initial SEC registration (Form ADV)
        Aug 4, 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