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

D••• P••••••• ••• L••

Former SEC-registered adviserNew York, New YorkCRD 284503SEC 801-108680IAPD
Latest filing Mar 30, 2021
First filing on the tape Nov 10, 2016 · 11 filings
RAUM
$1.8B
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
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$1.8B as of Mar 30, 2021
Mar 31, 2017$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2021
Mar 31, 20170 then
Employees (5.A)7 as of Mar 30, 2021
Mar 31, 20172 then
Private funds: no history
RAUM +16% over the last fiscal year-14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2021; 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
$300MderivedRAUM 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
+16%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
yesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.8B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
n/areported
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
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • D••••• J••••• E•••••• · Ceocontrol
        since 12/2015 · owns less than 5%
      • S••••• S••••••• A•••••• · Chief Compliance Officer, Chief Operating Officer, Chief Financial Officer And Money Laundering Officercontrol
        since 07/2019 · owns less than 5%
      • D••••• J••••• E•••••• · Shareholdercontrol
        since 09/2011 · owns 25% to 50% of D••• C••••• L••••••
      • D••••• J••••• E•••••• · L•••••• Partnercontrol
        since 09/2011 · owns 25% to 50% of D••• C••••• L•
      • S•••••• G••• N•• · Shareholdercontrol
        since 09/2011 · owns 50% to 75% of D••• C••••• L••••••
      • S•••••• G••• N•• · Shareholdercontrol
        since 11/2017 · owns 75% or more of C•••••••
      Entity owners
      • D••• C•••••• P••••••• L•• · Managing Member
        direct · owns 75% or more
      • C••••••• · Corporate Owners
        indirect · owns 25% to 50% of D••• C••••• L•
      • D••• C••••• L•••••• · General Partner
        indirect · owns F of D••• C••••• L•
      • D••• C••••• L• · Corporate Owners
        indirect · owns 75% or more of D••• C•••••• P••••••• L••
      Related persons
      Schedule D 7.A
      • D••• C••••• G• L••••••
        bankpooled vehicle sponsorn
      • D••• C••••• I••••••••• L••••••
        investment advisern
      • D••• C••••• L•
        bankpooled vehicle sponsorn
      • D••• P••••••• ••••••• L••
        investment adviserbanknRAUM $4.0M
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 6
        Mar 19, 2020 to Mar 30, 2021
      • Advisory activities · 3 to 2
        Mar 19, 2020 to Mar 30, 2021
      • Employees · 6 to 7
        Mar 19, 2020 to Mar 30, 2021
      • Discretionary RAUM · $1.6B to $1.8B
        Mar 19, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $1.3B to $1.8B
        Mar 19, 2020 to Mar 30, 2021
      • RAUM · $1.6B to $1.8B
        Mar 19, 2020 to Mar 30, 2021
      • Accounts · 5 to 8
        Dec 16, 2019 to Mar 19, 2020
      • Advisory employees · 1 to 5
        Dec 16, 2019 to Mar 19, 2020
      • Pooled vehicle clients · 3 to 6
        Dec 16, 2019 to Mar 19, 2020
      • Employees · 4 to 6
        Dec 16, 2019 to Mar 19, 2020
      • Discretionary RAUM · $104M to $1.6B
        Dec 16, 2019 to Mar 19, 2020
      • Pooled vehicle RAUM · $94.1M to $1.3B
        Dec 16, 2019 to Mar 19, 2020
      • RAUM · $104M to $1.6B
        Dec 16, 2019 to Mar 19, 2020
      • Advisory activities · 1 to 3
        Mar 29, 2019 to Apr 2, 2019
      • Employees · 3 to 4
        Mar 29, 2019 to Apr 2, 2019
      • Discretionary RAUM · $1.8B to $104M
        Mar 29, 2019 to Apr 2, 2019
      • Pooled vehicle RAUM · $1.6B to $94.1M
        Mar 29, 2019 to Apr 2, 2019
      • RAUM · $1.8B to $104M
        Mar 29, 2019 to Apr 2, 2019
      • Assets in custody · unset to 0.0
        Mar 29, 2018 to Mar 29, 2019
      • Custody of client assets · false to true
        Mar 29, 2018 to Mar 29, 2019
      • Employees · 2 to 3
        Mar 29, 2018 to Mar 29, 2019
      • Discretionary RAUM · $2.8B to $1.8B
        Mar 29, 2018 to Mar 29, 2019
      • Pooled vehicle RAUM · $2.3B to $1.6B
        Mar 29, 2018 to Mar 29, 2019
      • RAUM · $2.8B to $1.8B
        Mar 29, 2018 to Mar 29, 2019
      • Pooled vehicle clients · unset to 3.0
        Sep 27, 2017 to Mar 29, 2018
      • Other offices · unset to 0.0
        Sep 27, 2017 to Mar 29, 2018
      • Discretionary RAUM · $1.5B to $2.8B
        Sep 27, 2017 to Mar 29, 2018
      • Pooled vehicle RAUM · unset to 2310191365.0
        Sep 27, 2017 to Mar 29, 2018
      • Accounts · 11 to 5
        Sep 27, 2017 to Mar 29, 2018
      • RAUM · $1.5B to $2.8B
        Sep 27, 2017 to Mar 29, 2018
      • Discretionary RAUM · $1.2B to $1.5B
        Mar 31, 2017 to Sep 27, 2017
      • RAUM · $1.2B to $1.5B
        Mar 31, 2017 to Sep 27, 2017
      • Discretionary RAUM · $995M to $1.2B
        Nov 22, 2016 to Mar 31, 2017
      • RAUM · $995M to $1.2B
        Nov 22, 2016 to Mar 31, 2017
      Signals
      10 dated events
      • D••• P••••••• ••• L•• reported RAUM $1.6B, up 1392% from $104.0M (2019-12-16 to 2020-03-19)
        Mar 19, 2020 · RAUM change · derived
      • B Zachary Berger (Portfolio Manager) no longer on Schedule A of D••• P••••••• ••• L•• (listed 2019-12-16, absent 2020-03-19)
        Mar 19, 2020 · Control person left · inference
      • John Steven Chapman (Chief Compliance Officer And Chief Operating Officer) no longer on Schedule A of D••• P••••••• ••• L•• (listed 2019-04-02, absent 2019-12-16)
        Dec 16, 2019 · Control person left · inference
      • Anthony Stephen Sales (Chief Compliance Officer, Chief Financial Officer And Chief Operating Officer) appeared on Schedule A of D••• P••••••• ••• L••
        Dec 16, 2019 · Control person joined · fact
      • D••• P••••••• ••• L•• reported RAUM $104.0M, down 94% from $1.8B (2019-03-29 to 2019-04-02)
        Apr 2, 2019 · RAUM change · derived
      • D••• P••••••• ••• L•• reported RAUM $1.8B, down 36% from $2.8B (2018-03-29 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • B Zachary Berger (Portfolio Manager) appeared on Schedule A of D••• P••••••• ••• L••
        Mar 29, 2019 · Control person joined · fact
      • Leslie Michael Perl (Portfolio Manager) no longer on Schedule A of D••• P••••••• ••• L•• (listed 2018-03-29, absent 2019-03-29)
        Mar 29, 2019 · Control person left · inference
      • D••• P••••••• ••• L•• reported RAUM $2.8B, up 89% from $1.5B (2017-09-27 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      • D••• P••••••• ••• L•• filed its initial SEC registration (Form ADV)
        Nov 10, 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