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

A•• S••• M••••••••• L••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 283737SEC 801-121599IAPD
Latest filing Apr 24, 2026
First filing on the tape May 26, 2021 · 10 filings
SEC status approved since Jun 25, 2021
RAUM
$85.4M
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
7
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$85.4M as of Apr 24, 2026
Mar 31, 2022$561M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 24, 2026
Mar 31, 20220 then
Employees (5.A)7 as of Apr 24, 2026
Mar 31, 20223 then
Private funds1 as of Apr 24, 2026
Mar 31, 20261 then
RAUM -1.5% over the last fiscal year-40% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 24, 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
$42.7MderivedRAUM 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
-1.5%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
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
  • 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)
  • 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$85.4M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • N••••••••• C•••• · Chief Compliance Officercontrol
        since 05/2021 · owns less than 5%
      • P••••••• K••••• S••• · Managing Membercontrol
        since 01/2022 · owns 50% to 75%
      • R••••••••• A•••••• · Managing Membercontrol
        since 03/2016 · owns 25% to 50%
      Related persons
      Schedule D 7.A
      Advisers that list A•• S••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 3 to 4
        Mar 26, 2025 to Mar 31, 2026
      • BD registered reps · 1 to 0
        Mar 26, 2025 to Mar 31, 2026
      • Employees · 6 to 7
        Mar 26, 2025 to Mar 31, 2026
      • Private funds · unset to 1
        Mar 26, 2025 to Mar 31, 2026
      • Discretionary RAUM · $86.7M to $85.4M
        Mar 26, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $86.7M to $85.4M
        Mar 26, 2025 to Mar 31, 2026
      • RAUM · $86.7M to $85.4M
        Mar 26, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Jun 17, 2024 to Mar 26, 2025
      • Discretionary RAUM · $74.1M to $86.7M
        Jun 17, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $74.1M to $86.7M
        Jun 17, 2024 to Mar 26, 2025
      • RAUM · $74.1M to $86.7M
        Jun 17, 2024 to Mar 26, 2025
      • Advisory employees · 4 to 3
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 4 to 6
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $403M to $74.1M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $403M to $74.1M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $403M to $74.1M
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 2 to 4
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 3 to 4
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $561M to $403M
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $561M to $403M
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $561M to $403M
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 1 to 2
        Jan 13, 2022 to Mar 31, 2022
      • BD registered reps · 0 to 1
        Jan 13, 2022 to Mar 31, 2022
      • Employees · 2 to 3
        Jan 13, 2022 to Mar 31, 2022
      • HQ city · unset to NEW YORK
        Jan 13, 2022 to Mar 31, 2022
      • HQ state · unset to NY
        Jan 13, 2022 to Mar 31, 2022
      • Discretionary RAUM · $311M to $561M
        Jan 13, 2022 to Mar 31, 2022
      • Pooled vehicle RAUM · $311M to $561M
        Jan 13, 2022 to Mar 31, 2022
      • RAUM · $311M to $561M
        Jan 13, 2022 to Mar 31, 2022
      • Related broker-dealer · false to true
        Jan 13, 2022 to Mar 31, 2022
      Signals
      5 dated events
      • A•• S••• M••••••••• L•• reported RAUM $74.1M, down 82% from $403.2M (2023-03-31 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • A•• S••• M••••••••• L•• reported RAUM $403.2M, down 28% from $561.2M (2022-03-31 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • A•• S••• M••••••••• L•• reported RAUM $561.2M, up 80% from $311.0M (2022-01-13 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Scot Kerry Propper (Managing Member) appeared on Schedule A of A•• S••• M••••••••• L••
        Jan 6, 2022 · Control person joined · fact
      • A•• S••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        May 26, 2021 · 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
      Principal office phone
      646-975-5548reportedpublic record, Form ADV, Apr 24, 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