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

Az Apice Capital Management LLC

Former SEC-registered adviserMiami, FloridaCRD 281973SEC 801-107020websiteIAPD
Latest filing Mar 6, 2025
First filing on the tape Dec 1, 2015 · 26 filings
SEC status approved since Dec 11, 2015
RAUM
$376M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
96%
$359M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$376M as of Mar 6, 2025
Mar 10, 2016$250M then
HNW client RAUM$359M as of Mar 6, 2025
Mar 30, 2018$159M then
State-registered IARs (5.B.3)2 as of Mar 6, 2025
Mar 10, 20163 then
Employees (5.A)4 as of Mar 6, 2025
Mar 10, 20164 then
Private funds: no history
RAUM +9.0% over the last fiscal year-2.2% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 6, 2025; every figure names its basis
RAUM per advisor
$188MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$1.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
4.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+9.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Ownership
controlled by a public reporting companyderived
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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$359M96%
  • Charitable organizations$16.6M4.4%
Individual clients
n/areported
HNW clients
223reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
224reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 days2 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Jose Walter Alves · Managing Partnercontrol
    since 10/2020 · owns 10% to 25%
  • Sobiglia Marita Freddi · Managercontrol
    since 09/2015 · owns less than 5%
  • Colaco Bruno Gorgatti · Member, Managing Partnercontrol
    since 02/2016 · owns 10% to 25%
  • Massimo Guiati · Managercontrol
    since 02/2020 · owns less than 5%
  • Nmn Giuseppe Perrucci · Managercontrol
    since 03/2018 · owns less than 5%
  • Grazia Maria Sonzogni · Managercontrol
    since 09/2015 · owns less than 5%
  • Javier Carlos Gonzalez · Cco
    since 01/2023 · owns less than 5%
Entity owners
  • Az US Holdings Inc. · Member
    direct · owns 50% to 75%
  • Azimut Holding Spa · Share Holder
    indirect · owns 50% to 75% of Az International Holdings Sa
  • Azimut Uk Holdings Limited · Shareholder
    indirect · owns 75% or more of Az US Holdings Inc.
Related persons
Schedule D 7.A
Advisers that list Az Apice Capital Management LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Miami, Fl · principal0021
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 166 to 224
    Nov 18, 2024 to Mar 6, 2025
  • HNW clients · 165 to 223
    Nov 18, 2024 to Mar 6, 2025
  • Financial planning clients · 0 to 0
    Nov 18, 2024 to Mar 6, 2025
  • Discretionary RAUM · $339M to $365M
    Nov 18, 2024 to Mar 6, 2025
  • HNW RAUM · $328M to $359M
    Nov 18, 2024 to Mar 6, 2025
  • Non-discretionary RAUM · $6.2M to $11.0M
    Nov 18, 2024 to Mar 6, 2025
  • RAUM · $345M to $376M
    Nov 18, 2024 to Mar 6, 2025
  • Accounts · 191 to 166
    Oct 27, 2023 to Mar 28, 2024
  • BD registered reps · 3 to 2
    Oct 27, 2023 to Mar 28, 2024
  • HNW clients · 190 to 165
    Oct 27, 2023 to Mar 28, 2024
  • Employees · 5 to 4
    Oct 27, 2023 to Mar 28, 2024
  • Insurance-licensed employees · 0 to 2
    Oct 27, 2023 to Mar 28, 2024
  • Discretionary RAUM · $312M to $339M
    Oct 27, 2023 to Mar 28, 2024
  • HNW RAUM · $300M to $328M
    Oct 27, 2023 to Mar 28, 2024
  • Non-discretionary RAUM · $5.0M to $6.2M
    Oct 27, 2023 to Mar 28, 2024
  • RAUM · $317M to $345M
    Oct 27, 2023 to Mar 28, 2024
  • Accounts · 145 to 191
    Jul 13, 2022 to Mar 29, 2023
  • BD registered reps · 2 to 3
    Jul 13, 2022 to Mar 29, 2023
  • Charity clients · unset to 1.0
    Jul 13, 2022 to Mar 29, 2023
  • HNW clients · 143 to 190
    Jul 13, 2022 to Mar 29, 2023
  • Employees · 3 to 5
    Jul 13, 2022 to Mar 29, 2023
  • Discretionary RAUM · $396M to $312M
    Jul 13, 2022 to Mar 29, 2023
  • HNW RAUM · $402M to $300M
    Jul 13, 2022 to Mar 29, 2023
  • Non-discretionary RAUM · $6.0M to $5.0M
    Jul 13, 2022 to Mar 29, 2023
  • RAUM · $402M to $317M
    Jul 13, 2022 to Mar 29, 2023
  • Accounts · 130 to 145
    Mar 5, 2021 to Feb 22, 2022
  • HNW clients · 130 to 143
    Mar 5, 2021 to Feb 22, 2022
  • Discretionary RAUM · $338M to $396M
    Mar 5, 2021 to Feb 22, 2022
  • HNW RAUM · $343M to $402M
    Mar 5, 2021 to Feb 22, 2022
  • Non-discretionary RAUM · $5.3M to $6.0M
    Mar 5, 2021 to Feb 22, 2022
  • RAUM · $343M to $402M
    Mar 5, 2021 to Feb 22, 2022
  • Related broker-dealer · false to true
    Mar 5, 2021 to Feb 22, 2022
  • Employees · 4 to 3
    Oct 19, 2020 to Mar 5, 2021
  • Discretionary RAUM · $339M to $338M
    Oct 19, 2020 to Mar 5, 2021
  • HNW RAUM · $344M to $343M
    Oct 19, 2020 to Mar 5, 2021
  • Non-discretionary RAUM · $5.2M to $5.3M
    Oct 19, 2020 to Mar 5, 2021
  • RAUM · $344M to $343M
    Oct 19, 2020 to Mar 5, 2021
  • Accounts · 139 to 130
    Jun 30, 2020 to Oct 19, 2020
  • Advisory employees · 3 to 2
    Jun 30, 2020 to Oct 19, 2020
  • BD registered reps · 3 to 2
    Jun 30, 2020 to Oct 19, 2020
Signals
11 dated events
  • Az Apice Capital Management Llc no longer on the SEC adviser roster (last listed 2026-02-02, RAUM $375.8M)
    Mar 2, 2026 · Left the SEC roster · derived
  • Bruno Colaco Gorgatti left Az Apice Capital Management Llc for Azimut Investment Advisors Llc (registered 2026-02-26)
    Feb 3, 2026 · Advisor changed firm · fact
  • 2 advisors left AZ Apice Capital Management LLC (Miami, FL) for Azimut Investment Advisors LLC on the same day
    Feb 3, 2026 · Team lift-out · derived
  • Walter Jose Alves left Az Apice Capital Management Llc for Azimut Investment Advisors Llc (registered 2026-02-26)
    Feb 3, 2026 · Advisor changed firm · fact
  • Javier Carlos Gonzalez (Cco) appeared on Schedule A of Az Apice Capital Management Llc
    Mar 29, 2023 · Control person joined · fact
  • M Robert Brito (Chief Compliance Officer) no longer on Schedule A of Az Apice Capital Management Llc (listed 2020-06-30, absent 2020-10-19)
    Oct 19, 2020 · Control person left · inference
  • Piergiacomo Rock (Member, Managing Partner) no longer on Schedule A of Az Apice Capital Management Llc (listed 2019-04-15, absent 2020-04-23)
    Apr 23, 2020 · Control person left · inference
  • Roberto Gabriele Blei (Manager) no longer on Schedule A of Az Apice Capital Management Llc (listed 2019-04-15, absent 2020-04-23)
    Apr 23, 2020 · Control person left · inference
  • Massimo Guiati (Manager) appeared on Schedule A of Az Apice Capital Management Llc
    Apr 23, 2020 · Control person joined · fact
  • Az Apice Capital Management Llc reported RAUM $158.9M, down 58% from $376.5M (2017-03-27 to 2018-03-30)
    Mar 30, 2018 · RAUM change · derived
  • Az Apice Capital Management Llc filed its initial SEC registration (Form ADV)
    Dec 1, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
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