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
S••••• A•••• P•••••••
Legal name S••••• A•••• P•••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Jun 29, 2021 · 7 filings
SEC status approved since Jul 29, 2021
RAUM
$438M
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
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
8
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$438M as of Mar 30, 2026
Mar 31, 2022$257M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 31, 20220 then
Employees (5.A)6 as of Mar 30, 2026
Mar 31, 20226 then
Private funds8 as of Mar 30, 2026
Mar 31, 20227 then
RAUM +31% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
- $48.7MderivedRAUM 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
- +31%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 vehiclesreportedItem 5.G
- Custody
- $322M, 9 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$438M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 9reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $322M for 9 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 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
21 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| S••••• A•••• P••••••• V• L••• | Private Equity Fund | $237M | 91 | Mar 29, 2021 |
| S••••• A•••• P••••••• I•• L••• | Private Equity Fund | $123M | 93 | Mar 30, 2016 |
| S••••• A•••• P••••••• I• O•••• F••• 1• L••• | Private Equity Fund | $13.3M | 12 | Mar 28, 2018 |
| S••••• A•••• P••••••• C•••••• C••••••••• 2•••• L••• | Private Equity Fund | $9.3M | 17 | Mar 24, 2023 |
| S••••• A•••• P••••••• I• H• F••• 1• L••• | Private Equity Fund | $8.0M | 3 | Mar 26, 2020 |
| S•• S•••••• S••••••••• I•• L•••no longer reported | Private Equity Fund | $7.5M | 2 | Mar 30, 2016 |
| S••••• A•••• P••••••• • H••••••••• 2••• C••••••••• L••• | Private Equity Fund | $5.8M | 25 | Mar 31, 2022 |
| S••••• A•••• P••••••• F•••• L••no longer reported | Private Equity Fund | $5.2M | 6 | Mar 30, 2016 |
| D•••••• C••••••••• I• L••no longer reported | Private Equity Fund | $3.5M | 1 | Mar 30, 2016 |
| S••••• A•••• T•• P•••••••• L••• | Private Equity Fund | $2.9M | 7 | Mar 26, 2020 |
| S••••• A•••• P••••••• I•• ••• L•••no longer reported | Private Equity Fund | $636,563 | 2 | Mar 29, 2019 |
| S••••• A•••• P••••••• I• ••• L•••no longer reported | Private Equity Fund | $305,802 | 10 | Mar 30, 2016 |
| S••••• A•••• P••••••• I• ••• L•••no longer reported | Private Equity Fund | $177,040 | 12 | Mar 30, 2016 |
| S••••• A•••• P••••••• I• ••• L•••no longer reported | Private Equity Fund | $112,541 | 6 | Mar 30, 2016 |
| D•••••• C••••••••• L••• | Private Equity Fund | $84,321 | 7 | Mar 30, 2016 |
| S•• S•••••• S••••••••• L•••no longer reported | Private Equity Fund | $72,905 | 8 | Mar 30, 2016 |
| S••••• A•••• P••••••• I• ••• L•••no longer reported | Private Equity Fund | $70,818 | 4 | Mar 30, 2016 |
| D•••••• C••••••••• I•• L•••no longer reported | Private Equity Fund | $14,081 | 7 | Mar 30, 2016 |
| S••••• A•••• P••••••• I••• L•••no longer reported | Private Equity Fund | $10,529 | 7 | Mar 30, 2016 |
| S••••• A•••• P••••••• I•• ••• L•••no longer reported | Private Equity Fund | $0 | 6 | Mar 30, 2016 |
| S••••• A•••• P••••••• I•• L•••no longer reported | Private Equity Fund | $0 | 4 | Mar 30, 2016 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• R••••••• J•••• · Managing Membercontrolsince 12/2011 · owns 50% to 75%
- G••••••••• E•••••• G•••••• · Chief Compliance Officer And Chief Financial Officercontrolsince 05/2021 · owns less than 5%
- S•••••• J••••• D•••• · Managing Membercontrolsince 12/2011 · owns 50% to 75%
Related persons
Schedule D 7.A
- S••••• A•••• P••••••• I• G•• L•••pooled vehicle sponsorn
- S••••• A•••• P••••••• I• G•• L•••pooled vehicle sponsorn
- S••••• A•••• P••••••• V• G•• L•••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 8 to 9Jul 18, 2025 to Mar 30, 2026
- Advisory employees · 7 to 5Jul 18, 2025 to Mar 30, 2026
- Pooled vehicle clients · 8 to 9Jul 18, 2025 to Mar 30, 2026
- Assets in custody · $270M to $322MJul 18, 2025 to Mar 30, 2026
- Employees · 8 to 6Jul 18, 2025 to Mar 30, 2026
- Private funds · 7 to 8Jul 18, 2025 to Mar 30, 2026
- Discretionary RAUM · $335M to $438MJul 18, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $335M to $438MJul 18, 2025 to Mar 30, 2026
- RAUM · $335M to $438MJul 18, 2025 to Mar 30, 2026
- Financial planning clients · unset to Mar 31, 2025 to Jul 18, 2025
- Accounts · 7 to 8Mar 26, 2024 to Mar 31, 2025
- Advisory employees · 6 to 7Mar 26, 2024 to Mar 31, 2025
- Pooled vehicle clients · 7 to 8Mar 26, 2024 to Mar 31, 2025
- Assets in custody · $276M to $270MMar 26, 2024 to Mar 31, 2025
- Private funds · 6 to 7Mar 26, 2024 to Mar 31, 2025
- Discretionary RAUM · $397M to $335MMar 26, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $397M to $335MMar 26, 2024 to Mar 31, 2025
- RAUM · $397M to $335MMar 26, 2024 to Mar 31, 2025
- Accounts · 9 to 7Mar 24, 2023 to Mar 26, 2024
- Advisory employees · 5 to 6Mar 24, 2023 to Mar 26, 2024
- Pooled vehicle clients · 9 to 7Mar 24, 2023 to Mar 26, 2024
- Assets in custody · $191M to $276MMar 24, 2023 to Mar 26, 2024
- Employees · 7 to 8Mar 24, 2023 to Mar 26, 2024
- Private funds · 8 to 6Mar 24, 2023 to Mar 26, 2024
- Discretionary RAUM · $323M to $397MMar 24, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $323M to $397MMar 24, 2023 to Mar 26, 2024
- RAUM · $323M to $397MMar 24, 2023 to Mar 26, 2024
- Accounts · 8 to 9Mar 31, 2022 to Mar 24, 2023
- Pooled vehicle clients · 8 to 9Mar 31, 2022 to Mar 24, 2023
- Assets in custody · $166M to $191MMar 31, 2022 to Mar 24, 2023
- Employees · 6 to 7Mar 31, 2022 to Mar 24, 2023
- Private funds · 7 to 8Mar 31, 2022 to Mar 24, 2023
- Discretionary RAUM · $257M to $323MMar 31, 2022 to Mar 24, 2023
- Pooled vehicle RAUM · $257M to $323MMar 31, 2022 to Mar 24, 2023
- RAUM · $257M to $323MMar 31, 2022 to Mar 24, 2023
- Accounts · 6 to 8Jun 29, 2021 to Mar 31, 2022
- Advisory employees · 3 to 5Jun 29, 2021 to Mar 31, 2022
- Pooled vehicle clients · 6 to 8Jun 29, 2021 to Mar 31, 2022
- Assets in custody · $199M to $166MJun 29, 2021 to Mar 31, 2022
- Employees · 4 to 6Jun 29, 2021 to Mar 31, 2022
Signals
2 dated events
- S••••• A•••• P••••••• reported RAUM $438.4M, up 31% from $334.9M (2025-07-18 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- S••••• A•••• P••••••• filed its initial SEC registration (Form ADV)Jun 29, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S••••• A•••• P••••••• · Independent Sponsorsshared crd · capital_provider
- S••••• A•••• P••••••• · Private Equityshared crd · organization
- S••••• A•••• P••••••• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/second-alpha/aboutreportedpublic record, Form ADV, Sep 19, 2026
- Website
- S•••••A••••.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 212-446-1600reportedpublic record, Form ADV, Mar 30, 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