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
B••••••••• A•••• M••••••••• L••••••
Latest filing Sep 25, 2025
First filing on the tape Jan 7, 2016 · 26 filings
SEC status approved since Jan 25, 2016
RAUM
$937M
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
19
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$937M as of Sep 25, 2025
Sep 26, 2016$225M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Sep 25, 2025
Sep 26, 20164 then
Employees (5.A)19 as of Sep 25, 2025
Sep 26, 201614 then
Private funds3 as of Sep 25, 2025
Sep 26, 20161 then
RAUM -22% over the last fiscal year-42% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 25, 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
- $234MderivedRAUM 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
- -29%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
- 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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
- Pooled investment vehicles$937M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 4reported
- 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=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
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B•••••••• P••••••• F••• L• | Hedge Fund | $497M | 49 | Sep 26, 2016 |
| C•••• C••• F••• | Hedge Fund | $215M | 18 | Sep 28, 2017 |
| B•••••••• P••••••• F••• L•no longer reported | Hedge Fund | $176M | 40 | Jan 7, 2016 |
| B••••••••• C•••• C••• L••• S•••• F•••no longer reported | Hedge Fund | $119M | 18 | Sep 28, 2018 |
| P•• M•••••• F•••• S••• • S••••••••• P•••••••• 2•• | Hedge Fund | $33.9M | 4 | Jan 23, 2017 |
| B•••••••• S•••• A•••• F••• | Hedge Fund | $0 | 0 | May 24, 2021 |
Owners and control persons
Schedule A and B, latest filing
- C••• Q•••• J•••• · Spousecontrolsince 03/2014 · owns 75% or more
- K•••• C•••• C••• · Chief Executive Officer, Chief Operating Officer, Chief Compliance Officercontrolsince 01/2023 · owns less than 5%
- S••• L•• · Directorcontrolsince 03/2014 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 4 to 5Jan 26, 2025 to Sep 25, 2025
- Employees · 14 to 19Jan 26, 2025 to Sep 25, 2025
- Discretionary RAUM · $846M to $937MJan 26, 2025 to Sep 25, 2025
- Pooled vehicle RAUM · $846M to $937MJan 26, 2025 to Sep 25, 2025
- RAUM · $846M to $937MJan 26, 2025 to Sep 25, 2025
- Financial planning clients · unset to Sep 26, 2024 to Jan 26, 2025
- HQ city · CENTRAL, HONG KONG to HONG KONGSep 26, 2024 to Jan 26, 2025
- HQ state · unset to Sep 26, 2024 to Jan 26, 2025
- Discretionary RAUM · $687M to $846MSep 26, 2024 to Jan 26, 2025
- Pooled vehicle RAUM · $687M to $846MSep 26, 2024 to Jan 26, 2025
- RAUM · $687M to $846MSep 26, 2024 to Jan 26, 2025
- Advisory employees · 6 to 4Jan 10, 2024 to Sep 26, 2024
- Employees · 20 to 14Jan 10, 2024 to Sep 26, 2024
- Discretionary RAUM · $1.0B to $687MJan 10, 2024 to Sep 26, 2024
- Pooled vehicle RAUM · $1.0B to $687MJan 10, 2024 to Sep 26, 2024
- RAUM · $1.0B to $687MJan 10, 2024 to Sep 26, 2024
- Accounts · 5 to 4Sep 26, 2023 to Jan 10, 2024
- Pooled vehicle clients · 5 to 4Sep 26, 2023 to Jan 10, 2024
- Private funds · 4 to 3Sep 26, 2023 to Jan 10, 2024
- Discretionary RAUM · $1.2B to $1.0BSep 26, 2023 to Jan 10, 2024
- Pooled vehicle RAUM · $1.2B to $1.0BSep 26, 2023 to Jan 10, 2024
- RAUM · $1.2B to $1.0BSep 26, 2023 to Jan 10, 2024
- Accounts · 7 to 5Dec 1, 2022 to Sep 26, 2023
- Advisory employees · 8 to 6Dec 1, 2022 to Sep 26, 2023
- Pooled vehicle clients · 6 to 5Dec 1, 2022 to Sep 26, 2023
- Employees · 24 to 20Dec 1, 2022 to Sep 26, 2023
- Discretionary RAUM · $2.7B to $1.2BDec 1, 2022 to Sep 26, 2023
- Pooled vehicle RAUM · $2.7B to $1.2BDec 1, 2022 to Sep 26, 2023
- RAUM · $2.7B to $1.2BDec 1, 2022 to Sep 26, 2023
- Accounts · 10 to 7Feb 9, 2022 to Sep 27, 2022
- Advisory employees · 13 to 8Feb 9, 2022 to Sep 27, 2022
- Pooled vehicle clients · 9 to 6Feb 9, 2022 to Sep 27, 2022
- Employees · 45 to 24Feb 9, 2022 to Sep 27, 2022
- Other offices · 1 to 0Feb 9, 2022 to Sep 27, 2022
- Discretionary RAUM · $4.8B to $2.7BFeb 9, 2022 to Sep 27, 2022
- Pooled vehicle RAUM · $4.8B to $2.7BFeb 9, 2022 to Sep 27, 2022
- RAUM · $4.8B to $2.7BFeb 9, 2022 to Sep 27, 2022
- Accounts · 8 to 10May 24, 2021 to Sep 28, 2021
- Advisory employees · 11 to 13May 24, 2021 to Sep 28, 2021
- Pooled vehicle clients · 8 to 9May 24, 2021 to Sep 28, 2021
Signals
23 dated events
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $686.6M, down 34% from $1.0B (2024-01-10 to 2024-09-26)Sep 26, 2024 · RAUM change · derived
- Qian Wang (Chief Compliance Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•••••• (listed 2023-09-26, absent 2024-01-10)Jan 10, 2024 · Control person left · inference
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $1.2B, down 55% from $2.7B (2022-12-01 to 2023-09-26)Sep 26, 2023 · RAUM change · derived
- Kwan C••• Keung Kenneth (Chief Executive Officer, Chief Operations Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•••••• (listed 2022-10-13, absent 2022-12-01)Dec 1, 2022 · Control person left · inference
- Qian Wang (Chief Compliance Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••••••Dec 1, 2022 · Control person joined · fact
- C•••• Y••• M•••••• Ho (Head Of Business Development) no longer on Schedule A of B••••••••• A•••• M••••••••• L•••••• (listed 2022-02-09, absent 2022-09-27)Sep 27, 2022 · Control person left · inference
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $2.7B, down 44% from $4.8B (2022-02-09 to 2022-09-27)Sep 27, 2022 · RAUM change · derived
- Kwan C••• Keung Kenneth (Chief Executive Officer, Chief Operations Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••••••Feb 9, 2022 · Control person joined · fact
- Vivian Ying Wang (Chief Operations Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•••••• (listed 2021-09-28, absent 2022-02-09)Feb 9, 2022 · Control person left · inference
- S•••• Ka C••• C••• (Chief Compliance Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•••••• (listed 2021-09-28, absent 2022-02-09)Feb 9, 2022 · Control person left · inference
- Choi Kyong Chul (Chief Compliance Officer, Deputy Chief Executive Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••••••Feb 9, 2022 · Control person joined · fact
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $4.8B, down 33% from $7.2B (2021-05-24 to 2021-09-28)Sep 28, 2021 · RAUM change · derived
- C•••• Y••• M•••••• Ho (Head Of Business Development) appeared on Schedule A of B••••••••• A•••• M••••••••• L••••••Sep 28, 2021 · Control person joined · fact
- Davis Sze Ho Law (Head Of Business Development) no longer on Schedule A of B••••••••• A•••• M••••••••• L•••••• (listed 2021-05-24, absent 2021-09-28)Sep 28, 2021 · Control person left · inference
- S•••• Ka C••• C••• (Acting Cco) appeared on Schedule A of B••••••••• A•••• M••••••••• L••••••Mar 4, 2021 · Control person joined · fact
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $7.2B, up 58% from $4.5B (2020-09-30 to 2021-03-04)Mar 4, 2021 · RAUM change · derived
- Joyce Quan Cai (Head Of Strategy, Planning And Business Transformation) appeared on Schedule A of B••••••••• A•••• M••••••••• L••••••Mar 4, 2021 · Control person joined · fact
- Ye Xin Wang (Legal Counsel And Chief Compliance Officer) no longer on Schedule A of B••••••••• A•••• M••••••••• L•••••• (listed 2020-09-30, absent 2021-03-04)Mar 4, 2021 · Control person left · inference
- Ye Xin Wang (Legal Counsel And Chief Compliance Officer) appeared on Schedule A of B••••••••• A•••• M••••••••• L••••••Sep 30, 2020 · Control person joined · fact
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $4.5B, up 76% from $2.6B (2019-12-18 to 2020-09-30)Sep 30, 2020 · RAUM change · derived
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $2.6B, up 45% from $1.8B (2019-07-03 to 2019-10-03)Oct 3, 2019 · RAUM change · derived
- B••••••••• A•••• M••••••••• L•••••• reported RAUM $1.4B, up 53% from $944.8M (2017-09-28 to 2018-09-28)Sep 28, 2018 · RAUM change · derived
- B••••••••• A•••• M••••••••• L•••••• filed its initial SEC registration (Form ADV)Jan 7, 2016 · 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.
How to reach
public business contact points only, each with its source
- Website
- b•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- +852 38502633reportedpublic record, Form ADV, Sep 25, 2025
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