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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Former SEC-registered adviser
R•••••• P•••••••• L••
Latest filing Mar 29, 2024
First filing on the tape Jun 29, 2016 · 17 filings
SEC status approved since Jul 25, 2016
RAUM
$260M
reported, Item 5.F
Discretionary
0.0%
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
18
16 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$260M gross assets
History
17 filings and snapshots on the tape
RAUM$260M as of Mar 29, 2024
Mar 31, 2017$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2024
Mar 31, 20170 then
Employees (5.A)18 as of Mar 29, 2024
Mar 31, 20175 then
Private funds2 as of Mar 29, 2024
Mar 31, 20173 then
RAUM -72% over the last fiscal year-35% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 29, 2024; 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
- $130MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%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
- -72%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
- $247M, 2 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
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$260M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $247M for 2 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- absent from the latest SEC rosterderived
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
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| W•••• E•• A••••••••• C••••••• L•• | Real Estate Fund | $255M | 2 | Mar 31, 2021 |
| R•••••• P••••••• V• L•no longer reported | Real Estate Fund | $47.4M | 1 | Mar 28, 2018 |
| R•••••• P••••••• I•• L•no longer reported | Real Estate Fund | $22.7M | 1 | Mar 24, 2015 |
| R•••••• P••••••• I•• L•no longer reported | Real Estate Fund | $15.5M | 1 | Mar 28, 2018 |
| R•••••• P••••••• V•• L•no longer reported | Real Estate Fund | $14.8M | 1 | Mar 29, 2019 |
| R•••••• M••••••• I••••••••• I• L•• | Real Estate Fund | $5.1M | 5 | Mar 31, 2021 |
| R•••••• P••••••• I• L•no longer reported | Real Estate Fund | $1.7M | 3 | Jun 29, 2016 |
| R•••••• P••••••• I••• L•no longer reported | Real Estate Fund | $1.3M | 13 | Jun 29, 2016 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• B••••• B• · Presidentcontrolsince 07/2023 · owns less than 5%
- C•••••••• D•••• A••• · Chief Compliance Officer/Chief Legal Officercontrolsince 02/2017 · owns less than 5%
- P•••••• J••••• A••• · Manager/Ceocontrolsince 12/2015 · owns less than 5%
- M•••••••• J•••• J•• · Managercontrolsince 03/2024 · owns F of R•••••• T••••••••• L••
- P•••••• J••••• A••• · Membercontrolsince 04/2021 · owns 25% to 50% of R•••••• A•••• M••••••••• L••
- S••••• A•••••• D•••• · Managercontrolsince 04/2021 · owns F of R•••••• T••••••••• L••
- S••••• D•••••• G••• · Managercontrolsince 05/2023 · owns F of R•••••• T••••••••• L••
- T••••••• J•••• E••••• · Managercontrolsince 03/2024 · owns F of R•••••• T••••••••• L••
Entity owners
- R•••••• T••••••••• L•• · Memberdirect · owns 75% or more
- J••• R••••• R••••••• L•• · Memberindirect · owns 25% to 50% of R•••••• H••••••• I•• L••
- R•••••• A•••• M••••••••• L•• · Memberindirect · owns 25% to 50% of R•••••• H••••••• I•• L••
- R•••••• H••••••• I•• L•• · Memberindirect · owns 75% or more of R•••••• T••••••••• L••
Related persons
Schedule D 7.A
- R•••••• H••••••• I•• L••pooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 10 to 16Jun 2, 2023 to Mar 29, 2024
- Assets in custody · unset to 247254951.0Jun 2, 2023 to Mar 29, 2024
- Custody of client assets · false to trueJun 2, 2023 to Mar 29, 2024
- Employees · 25 to 18Jun 2, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $928M to $260MJun 2, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $928M to $260MJun 2, 2023 to Mar 29, 2024
- RAUM · $928M to $260MJun 2, 2023 to Mar 29, 2024
- Accounts · 7 to 2Mar 30, 2022 to Mar 31, 2023
- Pooled vehicle clients · 6 to 2Mar 30, 2022 to Mar 31, 2023
- Private funds · 6 to 2Mar 30, 2022 to Mar 31, 2023
- Non-discretionary RAUM · $1.8B to $928MMar 30, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $1.7B to $928MMar 30, 2022 to Mar 31, 2023
- RAUM · $1.8B to $928MMar 30, 2022 to Mar 31, 2023
- Advisory employees · 15 to 10Aug 20, 2021 to Mar 30, 2022
- Employees · 17 to 25Aug 20, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $947M to $1.8BAug 20, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $790M to $1.7BAug 20, 2021 to Mar 30, 2022
- RAUM · $947M to $1.8BAug 20, 2021 to Mar 30, 2022
- Accounts · 5 to 7Mar 27, 2020 to Mar 31, 2021
- Advisory employees · 13 to 15Mar 27, 2020 to Mar 31, 2021
- Pooled vehicle clients · 4 to 6Mar 27, 2020 to Mar 31, 2021
- Employees · 13 to 17Mar 27, 2020 to Mar 31, 2021
- HQ city · ARLINGTON to IRVINGMar 27, 2020 to Mar 31, 2021
- Private funds · 4 to 6Mar 27, 2020 to Mar 31, 2021
- Non-discretionary RAUM · $1.2B to $947MMar 27, 2020 to Mar 31, 2021
- Pooled vehicle RAUM · $435M to $790MMar 27, 2020 to Mar 31, 2021
- RAUM · $1.2B to $947MMar 27, 2020 to Mar 31, 2021
- Accounts · 6 to 5Mar 29, 2019 to Mar 27, 2020
- Advisory employees · 12 to 13Mar 29, 2019 to Mar 27, 2020
- Pooled vehicle clients · 6 to 4Mar 29, 2019 to Mar 27, 2020
- Employees · 12 to 13Mar 29, 2019 to Mar 27, 2020
- Private funds · 6 to 4Mar 29, 2019 to Mar 27, 2020
- Discretionary RAUM · $1.3M to $0Mar 29, 2019 to Mar 27, 2020
- Non-discretionary RAUM · $711M to $1.2BMar 29, 2019 to Mar 27, 2020
- Pooled vehicle RAUM · $712M to $435MMar 29, 2019 to Mar 27, 2020
- RAUM · $712M to $1.2BMar 29, 2019 to Mar 27, 2020
- Accounts · 5 to 6May 22, 2018 to Mar 29, 2019
- Advisory employees · 6 to 12May 22, 2018 to Mar 29, 2019
- Pooled vehicle clients · 5 to 6May 22, 2018 to Mar 29, 2019
- Employees · 6 to 12May 22, 2018 to Mar 29, 2019
Signals
16 dated events
- R•••••• P•••••••• L•• no longer on the SEC adviser roster (last listed 2025-02-03, RAUM $260.5M)Mar 6, 2025 · Left the SEC roster · derived
- Jay J••• Mccauley (Manager) appeared on Schedule A of R•••••• P•••••••• L••Mar 29, 2024 · Control person joined · fact
- Edward J••• Togneri (Manager) appeared on Schedule A of R•••••• P•••••••• L••Mar 29, 2024 · Control person joined · fact
- B Brett Benson (President) appeared on Schedule A of R•••••• P•••••••• L••Mar 29, 2024 · Control person joined · fact
- R•••••• P•••••••• L•• reported RAUM $260.5M, down 72% from $928.1M (2023-06-02 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Chi Leo W••• (Manager) no longer on Schedule A of R•••••• P•••••••• L•• (listed 2023-06-02, absent 2024-03-29)Mar 29, 2024 · Control person left · inference
- Chi Leo W••• (Manager) appeared on Schedule A of R•••••• P•••••••• L••Jun 2, 2023 · Control person joined · fact
- G••• D••••• S•••• (Manager) appeared on Schedule A of R•••••• P•••••••• L••Jun 2, 2023 · Control person joined · fact
- R•••••• P•••••••• L•• reported RAUM $928.1M, down 48% from $1.8B (2022-03-30 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- R•••••• P•••••••• L•• reported RAUM $1.8B, up 90% from $947.0M (2021-08-20 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Philip Jonathan Bray (Chief Financial Officer) no longer on Schedule A of R•••••• P•••••••• L•• (listed 2021-05-10, absent 2021-07-30)Jul 30, 2021 · Control person left · inference
- Nmn Langhorne Reid (Manager) no longer on Schedule A of R•••••• P•••••••• L•• (listed 2021-03-31, absent 2021-05-10)May 10, 2021 · Control person left · inference
- David Andrew Stone (Member) appeared on Schedule A of R•••••• P•••••••• L••May 10, 2021 · Control person joined · fact
- R•••••• P•••••••• L•• reported RAUM $1.2B, up 64% from $712.1M (2019-03-29 to 2020-03-27)Mar 27, 2020 · RAUM change · derived
- R•••••• P•••••••• L•• reported RAUM $712.1M, down 30% from $1.0B (2018-05-22 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- R•••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Jun 29, 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.
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
- Former SEC-registered adviserderiveda 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
Across the graphs
R•••••• P•••••••• L•• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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