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
H••••••• I••••••••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Sep 28, 2015 · 37 filings
SEC status approved since Feb 26, 2016
RAUM
$117M
reported, Item 5.F
Discretionary
36%
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
5
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$117M as of Mar 31, 2026
Mar 27, 2017$125M then
HNW client RAUM$0 as of Mar 31, 2026
Mar 16, 2018$111M then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 27, 20170 then
Employees (5.A)5 as of Mar 31, 2026
Mar 27, 20173 then
Private funds3 as of Mar 31, 2026
Mar 31, 20214 then
RAUM -6.3% over the last fiscal year-0.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
- $23.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 36%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
- -6.3%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 businesses and institutions, 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$96.7M83%
- Corporations and businesses$20.1M17%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 5reported
- 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=0.83 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
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| O•••••• S•••••••• T•••• C•••••• P•• L•• A• T•••••• O• F•••••• F••• | Hedge Fund | $76.7M | 1 | Jun 3, 2020 |
| H••••••• I••••••••• F••• S•• • H••••••• F•••• R••••• F••• S• | Hedge Fund | $19.0M | 9 | Mar 31, 2021 |
| H••••••• I••••••••• F••• S•• • H••••••• L•••• L•••••• F••• S•no longer reported | Other Private Fund | $11.9M | 2 | Mar 31, 2021 |
| H••••••• I••••••••• F••• S•• • H••••••• F••• S•no longer reported | Hedge Fund | $7.9M | 7 | Jun 3, 2020 |
| H••••••• H••••••••• L•••••• P••• 2••• L•• | Private Equity Fund | $4.6M | 9 | Jun 3, 2020 |
Owners and control persons
Schedule A and B, latest filing
- D••••• G••••• J••• · Managing Member, Ciocontrolsince 07/2015 · owns less than 5%
- H••••••••• B•••• S•••• · Member & Vice President, Chief Compliance Officercontrolsince 09/2019 · owns less than 5%
- D••••• G••••• J••• · Managing Membercontrolsince 07/2015 · owns 75% or more of H••••••• H•••••••
Entity owners
- H••••••• H••••••• · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- H••••••• H•••••••pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- compensation changedChange between filings · filing Mar 31, 2026hourly charges (Item 5.E.2): yes on the filing of 2025-03-31, no on the filing of 2026-03-31peers: asset managers, $100M to $500M (1,567)
What changed
consecutive filings, newest first
- Employees · 7 to 5Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $44.6M to $41.5MMar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $80.3M to $75.4MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $103M to $96.7MMar 31, 2025 to Mar 31, 2026
- RAUM · $125M to $117MMar 31, 2025 to Mar 31, 2026
- Employees · 14 to 7Nov 29, 2024 to Mar 31, 2025
- Financial planning clients · unset to Nov 29, 2024 to Mar 31, 2025
- HQ city · unset to Nov 29, 2024 to Mar 31, 2025
- HQ state · unset to Nov 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $46.6M to $44.6MNov 29, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $76.7M to $80.3MNov 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $101M to $103MNov 29, 2024 to Mar 31, 2025
- RAUM · $123M to $125MNov 29, 2024 to Mar 31, 2025
- Accounts · 6 to 5Jan 30, 2024 to Mar 28, 2024
- Advisory employees · 2 to 1Jan 30, 2024 to Mar 28, 2024
- Employees · 7 to 14Jan 30, 2024 to Mar 28, 2024
- State-registered IARs · 2 to 0Jan 30, 2024 to Mar 28, 2024
- Discretionary RAUM · $117M to $46.6MJan 30, 2024 to Mar 28, 2024
- Non-discretionary RAUM · $0 to $76.7MJan 30, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $94.3M to $101MJan 30, 2024 to Mar 28, 2024
- RAUM · $117M to $123MJan 30, 2024 to Mar 28, 2024
- Other offices · 1 to 0Nov 22, 2023 to Jan 30, 2024
- HQ city · WILMINGTON to unsetApr 20, 2023 to Nov 22, 2023
- HQ state · DE to unsetApr 20, 2023 to Nov 22, 2023
- Other offices · 0 to 1Apr 20, 2023 to Nov 22, 2023
- Corporate clients · 2.0 to unsetMar 30, 2022 to Mar 30, 2023
- Pooled vehicle clients · 4 to 3Mar 30, 2022 to Mar 30, 2023
- Other offices · 1 to 0Mar 30, 2022 to Mar 30, 2023
- Private funds · 4 to 3Mar 30, 2022 to Mar 30, 2023
- Discretionary RAUM · $122M to $117MMar 30, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $104M to $94.3MMar 30, 2022 to Mar 30, 2023
- RAUM · $122M to $117MMar 30, 2022 to Mar 30, 2023
- Assets in custody · 0.0 to unsetOct 8, 2021 to Mar 30, 2022
- Employees · 5 to 7Oct 8, 2021 to Mar 30, 2022
- Discretionary RAUM · $127M to $122MOct 8, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $106M to $104MOct 8, 2021 to Mar 30, 2022
- RAUM · $127M to $122MOct 8, 2021 to Mar 30, 2022
- Other offices · 0 to 1Mar 31, 2021 to Oct 8, 2021
- Accounts · 5 to 6Aug 13, 2020 to Mar 31, 2021
- Advisory activities · 4 to 3Aug 13, 2020 to Mar 31, 2021
Signals
9 dated events
- O••••• G••••• F••••••• (Chief Compliance Officer And Chief Operations Officer) no longer on Schedule A of H••••••• I••••••••• M••••••••• L•• (listed 2024-04-08, absent 2024-11-29)Nov 29, 2024 · Control person left · inference
- Ray A••• F••••••• (Chief Financial Officer) no longer on Schedule A of H••••••• I••••••••• M••••••••• L•• (listed 2024-04-08, absent 2024-11-29)Nov 29, 2024 · Control person left · inference
- O••••• G••••• F••••••• (Chief Compliance Officer And Chief Operations Officer) appeared on Schedule A of H••••••• I••••••••• M••••••••• L••Mar 28, 2024 · Control person joined · fact
- Ray A••• F••••••• (Chief Financial Officer) appeared on Schedule A of H••••••• I••••••••• M••••••••• L••Mar 28, 2024 · Control person joined · fact
- H••••••• I••••••••• M••••••••• L•• reported RAUM $127.4M, down 50% from $256.1M (2020-08-13 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- S•••• B••• H•••••••• (Member & Vice President) appeared on Schedule A of H••••••• I••••••••• M••••••••• L••Mar 31, 2021 · Control person joined · fact
- H••••••• I••••••••• M••••••••• L•• reported RAUM $256.1M, up 121% from $115.9M (2020-03-24 to 2020-06-03)Jun 3, 2020 · RAUM change · derived
- O••• F•••••• (Manager) no longer on Schedule A of H••••••• I••••••••• M••••••••• L•• (listed 2019-05-31, absent 2019-10-10)Oct 10, 2019 · Control person left · inference
- H••••••• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Sep 28, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- H••••••• I••••••••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/heirloom-investment-management/mycompanreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••INVESTING.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 484-352-3867reportedpublic record, Form ADV, Mar 31, 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