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

B•••• A•••• M••••••••• L••

Former SEC-registered adviserSummit, New JerseyCRD 281712SEC 801-117198IAPD
Latest filing Mar 29, 2024
First filing on the tape Oct 8, 2015 · 21 filings
RAUM
$215M
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
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$215M gross assets
History
21 filings and snapshots on the tape
RAUM$215M as of Mar 29, 2024
Mar 30, 2020$88.0M then
HNW client RAUM$0 as of Mar 29, 2024
Mar 30, 2020$0 then
State-registered IARs (5.B.3)0 as of Mar 29, 2024
Mar 31, 20160 then
Employees (5.A)9 as of Mar 29, 2024
Mar 31, 20165 then
Private funds1 as of Mar 29, 2024
Mar 31, 20225 then
RAUM -18% over the last fiscal year-48% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 29, 2024; 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
$215MderivedRAUM 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
-18%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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$215M100%
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, 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • F•••• R•••••• M•••••• · Membercontrol
        since 09/2015 · owns 10% to 25%
      • M••••••••• M••• · Ciocontrol
        since 05/2019 · owns less than 5%
      • P•••••• J••••• L•••• · Chief Compliance Officer, Chief Operating Officer & Chief Financial Officercontrol
        since 01/2023 · owns less than 5%
      • T••••••••• R•••••• M•••• · Membercontrol
        since 09/2015 · owns 10% to 25%
      • H•••• J•••••• W•••••• · Trusteecontrol
        since 11/2013 · owns F of W•• D•••••• T••••
      • H•••• W•••••• · Shareholdercontrol
        since 11/2013 · owns 25% to 50% of H••• C••••••••• I•••
      Entity owners
      • B••• H•••••••• L•• · Member
        direct · owns 25% to 50%
      • H••• F• H••••••• I••• L•• · Member
        direct · owns 25% to 50%
      • A• E•••••• T•••• · Shareholder
        indirect · owns 50% to 75% of E•••••• H••• G•••• I•••
      • E•••••• H••• G•••• I••• · Shareholder
        indirect · owns 75% or more of Q••••••• H••••••• I•••
      • H••• C•••••• H••••••• I••••••••• L•• · Member
        indirect · owns 75% or more of H••• F• H••••••• I••• L••
      • H••• C••••••••• I••• · Member
        indirect · owns 75% or more of H••• C••••••• L••
      • H••• C••••••• L•• · Member
        indirect · owns 75% or more of H••• E••• L••
      • H••• E••• L•• · Member
        indirect · owns 75% or more of H••• C•••••• H••••••• I••••••••• L••
      • Q• M••••••••• S••••••• ••••• L••• · Trustee
        indirect · owns F of A• E•••••• T••••
      • Q••••••• H••••••• I••• · Member
        indirect · owns 75% or more of Q••••••• M••••••••• L••
      • Q••••••• I••••••••• H•••••••• L•• · Member
        indirect · owns 75% or more of B••• H•••••••• L••
      • Q••••••• M••••••••• L•• · Member
        indirect · owns 75% or more of Q••••••• I••••••••• H•••••••• L••
      • W•• D•••••• T•••• · Shareholder
        indirect · owns 25% to 50% of H••• C••••••••• I•••
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 10 to 5
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 13 to 9
        Mar 31, 2023 to Mar 29, 2024
      • Private funds · 5 to 1
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $262M to $215M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $262M to $215M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $262M to $215M
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 20 to 13
        Feb 23, 2023 to Mar 31, 2023
      • Other offices · 1 to 0
        Feb 23, 2023 to Mar 31, 2023
      • Discretionary RAUM · $940M to $262M
        Feb 23, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $940M to $262M
        Feb 23, 2023 to Mar 31, 2023
      • RAUM · $940M to $262M
        Feb 23, 2023 to Mar 31, 2023
      • Accounts · 3 to 1
        Dec 10, 2021 to Mar 31, 2022
      • BD registered reps · 1 to 2
        Dec 10, 2021 to Mar 31, 2022
      • Corporate clients · 1.0 to unset
        Dec 10, 2021 to Mar 31, 2022
      • Employees · 14 to 20
        Dec 10, 2021 to Mar 31, 2022
      • Private funds · unset to 5
        Dec 10, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.5B to $940M
        Dec 10, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $921M to $940M
        Dec 10, 2021 to Mar 31, 2022
      • RAUM · $1.5B to $940M
        Dec 10, 2021 to Mar 31, 2022
      • HQ city · NEW YORK to SUMMIT
        Mar 31, 2021 to Dec 10, 2021
      • HQ state · NY to NJ
        Mar 31, 2021 to Dec 10, 2021
      • Other offices · 0 to 1
        Mar 31, 2021 to Dec 10, 2021
      • Accounts · 1 to 3
        Jul 7, 2020 to Mar 31, 2021
      • Advisory employees · 8 to 10
        Jul 7, 2020 to Mar 31, 2021
      • BD registered reps · 2 to 1
        Jul 7, 2020 to Mar 31, 2021
      • Corporate clients · unset to 1.0
        Jul 7, 2020 to Mar 31, 2021
      • Employees · 8 to 14
        Jul 7, 2020 to Mar 31, 2021
      • Discretionary RAUM · $88.0M to $1.5B
        Jul 7, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $88.0M to $921M
        Jul 7, 2020 to Mar 31, 2021
      • RAUM · $88.0M to $1.5B
        Jul 7, 2020 to Mar 31, 2021
      • Accounts · 2 to 1
        Feb 5, 2020 to Mar 30, 2020
      • Advisory employees · 6 to 8
        Feb 5, 2020 to Mar 30, 2020
      • Corporate clients · 1.0 to unset
        Feb 5, 2020 to Mar 30, 2020
      • Employees · 6 to 8
        Feb 5, 2020 to Mar 30, 2020
      • Discretionary RAUM · $64.0M to $88.0M
        Feb 5, 2020 to Mar 30, 2020
      • Pooled vehicle RAUM · $44.0M to $88.0M
        Feb 5, 2020 to Mar 30, 2020
      • RAUM · $64.0M to $88.0M
        Feb 5, 2020 to Mar 30, 2020
      • Accounts · unset to 2.0
        Apr 17, 2017 to Jul 19, 2019
      • Advisory employees · 3 to 6
        Apr 17, 2017 to Jul 19, 2019
      • Advisory activities · 2 to 3
        Apr 17, 2017 to Jul 19, 2019
      Signals
      13 dated events
      • B•••• A•••• M••••••••• L•• reported RAUM $262.3M, down 72% from $940.4M (2023-02-23 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Louis Jason Pecora (Chief Compliance Officer, Chief Operating Officer & Chief Financial Officer) appeared on Schedule A of B•••• A•••• M••••••••• L••
        Feb 23, 2023 · Control person joined · fact
      • L Patrick Marano (Chief Compliance Officer) no longer on Schedule A of B•••• A•••• M••••••••• L•• (listed 2022-03-31, absent 2023-02-23)
        Feb 23, 2023 · Control person left · inference
      • B•••• A•••• M••••••••• L•• reported RAUM $940.4M, down 38% from $1.5B (2021-12-10 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • B•••• A•••• M••••••••• L•• reported RAUM $1.5B, up 1614% from $88.0M (2020-07-07 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Anthony William Brown (Managing Director And Chief Investment Officer) no longer on Schedule A of B•••• A•••• M••••••••• L•• (listed 2020-07-07, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • W•••••• H••• (Shareholder) appeared on Schedule A of B•••• A•••• M••••••••• L••
        Feb 5, 2020 · Control person joined · fact
      • William Joshua H••• (Trustee) appeared on Schedule A of B•••• A•••• M••••••••• L••
        Feb 5, 2020 · Control person joined · fact
      • Jay Alexander Sellinger (Chief Compliance Officer) no longer on Schedule A of B•••• A•••• M••••••••• L•• (listed 2017-04-17, absent 2019-07-19)
        Jul 19, 2019 · Control person left · inference
      • Lawrence Samuel Warren (Managing Director) no longer on Schedule A of B•••• A•••• M••••••••• L•• (listed 2017-04-17, absent 2019-07-19)
        Jul 19, 2019 · Control person left · inference
      • Mark Melchiorre (Managing Partner) appeared on Schedule A of B•••• A•••• M••••••••• L••
        Jul 19, 2019 · Control person joined · fact
      • Anthony William Brown (Managing Director And Chief Investment Officer) appeared on Schedule A of B•••• A•••• M••••••••• L••
        Jul 19, 2019 · Control person joined · fact
      • B•••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Oct 8, 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