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
L••••••• A••••• L••
Latest filing Feb 2, 2026
First filing on the tape Jan 14, 2016 · 22 filings
SEC status approved since Jan 8, 2018
RAUM
$822M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
4.4%
$36.3M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$822M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
8
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$822M as of Feb 2, 2026
Mar 24, 2018$127M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Feb 2, 2026
Mar 24, 20181 then
Employees (5.A)9 as of Feb 2, 2026
Mar 24, 20187 then
Private funds8 as of Feb 2, 2026
Mar 24, 20185 then
RAUM +13% over the last fiscal year+4.3% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Feb 2, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $822MderivedRAUM 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
- $68.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 9.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%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 fees, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, publications, educational seminars, otherreportedItem 5.G
- Custody
- $618M, 8 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$760M92%
- Individuals$36.3M4.4%
- Corporations and businesses$17.3M2.1%
- State and municipal entities$8.5M1.0%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 12reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $618M for 8 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.04 fund_share=0.92 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| V••••• N•• B••••••• | Newport Beach, Ca | Mar 28, 2024 | 27 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
11 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| L••••••• A•••• E••••••• S••••••••• T•••• F•••••••• F••• L• | Hedge Fund | $467M | 4 | May 14, 2020 |
| T•••••• A•••• M••••• F••• L• | Hedge Fund | $169M | 2 | Jun 22, 2016 |
| O•••••• H••••••• F••• I• L•no longer reported | Hedge Fund | $154M | 2 | Jul 25, 2016 |
| T•••••• A•••• O••••••• F••• L••• | Hedge Fund | $95.7M | 9 | Jun 22, 2016 |
| T•••••• A•••• O•••••• F••• L• | Hedge Fund | $72.9M | 24 | Jun 22, 2016 |
| B•••• B••• L•• F••• I• L• | Hedge Fund | $22.1M | 2 | May 14, 2020 |
| R•••••••• F••• I• L•• | Hedge Fund | $14.3M | 4 | Mar 18, 2019 |
| O•••••• H••••••• F••• I• L• | Hedge Fund | $10.9M | 7 | May 14, 2020 |
| O•••••• H••••••• F••• I•• L•no longer reported | Hedge Fund | $8.1M | 2 | Mar 24, 2018 |
| L••••••• A•••• D••••••••• A••••••••• L•••••••• F••• L• | Hedge Fund | $4.9M | 2 | Mar 29, 2021 |
| F••• F••• L•• | Hedge Fund | $289,511 | 1 | Mar 29, 2021 |
Owners and control persons
Schedule A and B, latest filing
- B•••••••• V•••••• N•• · Managing Member, Chief Investment Officercontrolsince 12/2015 · owns 75% or more
- P••••••••• M••••• V•••• · Chief Compliance Officer & Chief Legal Officercontrolsince 08/2022 · owns less than 5%
- C••••• L•••• · Trade Execution Leader And Director Of Business Infrastructuresince 11/2021 · owns less than 5%
Entity owners
- J•••• H•••••••• I•••••••• U• L•• · Memberdirect · owns 10% to 25%
- J•••• H•••••••• U• ••••••••• I•• · Managing Memberindirect · owns 75% or more of J•••• H•••••••• I•••••••• U• L•• · public reporting company
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
- HQ state · FL to CAJan 30, 2026 to Feb 2, 2026
- Accounts · 11 to 12Mar 6, 2025 to Jan 30, 2026
- Advisory employees · 4 to 6Mar 6, 2025 to Jan 30, 2026
- Pooled vehicle clients · 8 to 9Mar 6, 2025 to Jan 30, 2026
- Assets in custody · $690M to $618MMar 6, 2025 to Jan 30, 2026
- Employees · 7 to 9Mar 6, 2025 to Jan 30, 2026
- HQ state · CA to FLMar 6, 2025 to Jan 30, 2026
- Discretionary RAUM · $726M to $822MMar 6, 2025 to Jan 30, 2026
- Individual RAUM · $32.9M to $36.3MMar 6, 2025 to Jan 30, 2026
- Pooled vehicle RAUM · $687M to $760MMar 6, 2025 to Jan 30, 2026
- RAUM · $726M to $822MMar 6, 2025 to Jan 30, 2026
- Accounts · 10 to 11Mar 12, 2024 to Mar 6, 2025
- Advisory employees · 5 to 4Mar 12, 2024 to Mar 6, 2025
- Advisory activities · 6 to 7Mar 12, 2024 to Mar 6, 2025
- Assets in custody · $660M to $690MMar 12, 2024 to Mar 6, 2025
- Employees · 8 to 7Mar 12, 2024 to Mar 6, 2025
- Financial planning clients · unset to Mar 12, 2024 to Mar 6, 2025
- Discretionary RAUM · $722M to $726MMar 12, 2024 to Mar 6, 2025
- Individual RAUM · $28.7M to $32.9MMar 12, 2024 to Mar 6, 2025
- Pooled vehicle RAUM · $683M to $687MMar 12, 2024 to Mar 6, 2025
- RAUM · $722M to $726MMar 12, 2024 to Mar 6, 2025
- Accounts · 11 to 10Mar 21, 2023 to Mar 12, 2024
- Advisory employees · 4 to 5Mar 21, 2023 to Mar 12, 2024
- Pooled vehicle clients · 9 to 8Mar 21, 2023 to Mar 12, 2024
- Assets in custody · $676M to $660MMar 21, 2023 to Mar 12, 2024
- Employees · 7 to 8Mar 21, 2023 to Mar 12, 2024
- Private funds · 9 to 8Mar 21, 2023 to Mar 12, 2024
- Discretionary RAUM · $724M to $722MMar 21, 2023 to Mar 12, 2024
- Individual RAUM · $26.9M to $28.7MMar 21, 2023 to Mar 12, 2024
- Pooled vehicle RAUM · $692M to $683MMar 21, 2023 to Mar 12, 2024
- RAUM · $724M to $722MMar 21, 2023 to Mar 12, 2024
- Advisory employees · 3 to 4Nov 7, 2022 to Mar 21, 2023
- Assets in custody · $306M to $676MNov 7, 2022 to Mar 21, 2023
- Discretionary RAUM · $635M to $724MNov 7, 2022 to Mar 21, 2023
- Individual RAUM · $32.4M to $26.9MNov 7, 2022 to Mar 21, 2023
- Pooled vehicle RAUM · $600M to $692MNov 7, 2022 to Mar 21, 2023
- RAUM · $635M to $724MNov 7, 2022 to Mar 21, 2023
- Discretionary RAUM · $618M to $635MAug 25, 2021 to Mar 23, 2022
- Individual RAUM · $32.2M to $32.4MAug 25, 2021 to Mar 23, 2022
- Pooled vehicle RAUM · $583M to $600MAug 25, 2021 to Mar 23, 2022
Signals
4 dated events
- Vijay Mohan Phansalkar (Chief Compliance Officer & Chief Legal Officer) appeared on Schedule A of L••••••• A••••• L••Aug 11, 2022 · Control person joined · fact
- L••••••• A••••• L•• reported RAUM $618.1M, up 96% from $315.0M (2021-06-25 to 2021-08-25)Aug 25, 2021 · RAUM change · derived
- L••••••• A••••• L•• reported RAUM $381.3M, up 202% from $126.1M (2019-03-18 to 2020-05-14)May 14, 2020 · RAUM change · derived
- L••••••• A••••• L•• filed its initial SEC registration (Form ADV)Jan 14, 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
- Firm profile
- linkedin.com/company/longtail-alpha-llcreportedpublic record, Form ADV, Sep 19, 2026
- Website
- L•••••••A••••.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 949 706 8092reportedpublic record, Form ADV, Feb 2, 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
- $822Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026