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

P••••• V•••••• P••••••• M••••••••• C••

Asset manager (funds and pooled vehicles)San Carlos, CaliforniaCRD 283261SEC 801-124861websiteIAPD
Legal name P••••• V•••••• P••••••• M••••••••• C••• L••
Latest filing Apr 30, 2026
First filing on the tape Mar 31, 2022 · 9 filings
SEC status approved since May 2, 2022
RAUM
$704M
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
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
7
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$704M as of Apr 30, 2026
Mar 28, 2023$754M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 30, 2026
Mar 28, 20230 then
Employees (5.A)4 as of Apr 30, 2026
Mar 28, 20237 then
Private funds7 as of Apr 30, 2026
Mar 28, 20236 then
RAUM -16% over the last fiscal year-2.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 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
$101MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-16%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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$704M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, 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
      7 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • M•••• D••••• J••••• · Managing Membercontrol
        since 04/2020 · owns 25% to 50%
      • R••••••••• J••• R•••••• · Managing Member And Chief Compliance Officercontrol
        since 12/2015 · owns 50% to 75%
      Related persons
      Schedule D 7.A
      • P••••• V•••••• P••••••• B•••••• L••
        pooled vehicle sponsorn
      • P••••• V•••••• P••••••• E•••••••• L••
        pooled vehicle sponsorn
      • P••••• V•••••• P••••••• I••••••••• L••
        pooled vehicle sponsorn
      • P••••• V•••••• P•••••••• L••
        pooled vehicle sponsorn
      • P••••• X•• I• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • San Francisco, CA
      What changed
      consecutive filings, newest first
      • Advisory employees · 4 to 3
        Jul 3, 2025 to Mar 20, 2026
      • Advisory activities · 1 to 2
        Jul 3, 2025 to Mar 20, 2026
      • Employees · 5 to 4
        Jul 3, 2025 to Mar 20, 2026
      • Discretionary RAUM · $836M to $704M
        Jul 3, 2025 to Mar 20, 2026
      • Pooled vehicle RAUM · $836M to $704M
        Jul 3, 2025 to Mar 20, 2026
      • RAUM · $836M to $704M
        Jul 3, 2025 to Mar 20, 2026
      • Financial planning clients · unset to
        Mar 27, 2025 to Jul 3, 2025
      • Employees · 6 to 5
        Sep 25, 2024 to Mar 27, 2025
      • Discretionary RAUM · $749M to $836M
        Sep 25, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $749M to $836M
        Sep 25, 2024 to Mar 27, 2025
      • RAUM · $749M to $836M
        Sep 25, 2024 to Mar 27, 2025
      • Accounts · 6 to 7
        Mar 28, 2023 to Mar 28, 2024
      • Advisory employees · 3 to 4
        Mar 28, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 6 to 7
        Mar 28, 2023 to Mar 28, 2024
      • Employees · 7 to 6
        Mar 28, 2023 to Mar 28, 2024
      • Other offices · 0 to 1
        Mar 28, 2023 to Mar 28, 2024
      • Private funds · 6 to 7
        Mar 28, 2023 to Mar 28, 2024
      • Discretionary RAUM · $754M to $749M
        Mar 28, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $754M to $749M
        Mar 28, 2023 to Mar 28, 2024
      • RAUM · $754M to $749M
        Mar 28, 2023 to Mar 28, 2024
      • Accounts · 5 to 6
        Mar 31, 2022 to Mar 28, 2023
      • Pooled vehicle clients · 5 to 6
        Mar 31, 2022 to Mar 28, 2023
      • Assets in custody · unset to 0.0
        Mar 31, 2022 to Mar 28, 2023
      • Employees · 4 to 7
        Mar 31, 2022 to Mar 28, 2023
      • Private funds · 10 to 6
        Mar 31, 2022 to Mar 28, 2023
      • Discretionary RAUM · $775M to $754M
        Mar 31, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $775M to $754M
        Mar 31, 2022 to Mar 28, 2023
      • RAUM · $775M to $754M
        Mar 31, 2022 to Mar 28, 2023
      Signals
      1 dated events
      • P••••• V•••••• P••••••• M••••••••• C•• filed its initial SEC registration (Form ADV)
        Mar 31, 2022 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/propelvcreportedpublic record, Form ADV, Sep 18, 2026
      Website
      P•••••.VCreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-500-4630reportedpublic record, Form ADV, Apr 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