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

P••••••• C••••••

Former SEC-registered adviserNewport Beach, CaliforniaCRD 284541SEC 801-108281websiteIAPD
Legal name P••••••• C•••••• M••••••••• L••
Latest filing Jun 21, 2024
First filing on the tape Aug 11, 2016 · 21 filings
SEC status approved since Sep 7, 2016
RAUM
$1.6B
reported, Item 5.F
Discretionary
10%
of RAUM
Private clients
85%
$1.4B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$1.6B as of Mar 28, 2024
Mar 29, 2017$104M then
HNW client RAUM$1.4B as of Mar 28, 2024
Mar 29, 2018$357M then
State-registered IARs (5.B.3)3 as of Mar 28, 2024
Mar 29, 20173 then
Employees (5.A)10 as of Mar 28, 2024
Mar 29, 20174 then
Private funds10 as of Mar 31, 2023
Mar 30, 20214 then
RAUM +4.2% over the last fiscal year+18% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jun 21, 2024; every figure names its basis
RAUM per advisor
$540MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$13.5MderivedHNW RAUM over HNW clients
Average account
$12.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
10%derivedof RAUM
Institutional
13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+4.2%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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Custody
$150M, 53 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.4B85%
  • Insurance companies$128M7.9%
  • Charitable organizations$64.3M4.0%
  • Pooled investment vehicles$38.9M2.4%
  • Pension and profit-sharing plans$18.7M1.2%
  • Corporations and businesses$300,0000.0%
Individual clients
n/areported
HNW clients
101reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
131reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$150M for 53 clientsreported
Compensation
% of AUM, fixed, 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
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • C•••••••• D•••••• R••••• · Senior Vice President Of Investments And Chief Operating Officercontrol
      since 03/2022 · owns less than 5%
    • C•••••• J•••••• D•••• · Senior Vice President Of Investment Operationscontrol
      since 06/2016 · owns less than 5%
    • D••••••• B•••••••• P••• W••• · Member, Co-Founder And Chief Investment Officercontrol
      since 06/2016 · owns less than 5%
    • M•••••• K••••• M•••••• · Member, Co-Founder And Chief Executive Officercontrol
      since 09/2016 · owns less than 5%
    • P••••• R•••••• B• · Vice President Of Operations And Chief Compliance Officercontrol
      since 07/2022 · owns less than 5%
    • D••••••• B•••••••• P••• W••• · Trusteecontrol
      since 05/2022 · owns 50% to 75% of D•••••• L••••• T••••
    • G••••• J•••••••• D••• · Trusteecontrol
      since 05/2022 · owns 50% to 75% of D•••••• L••••• T••••
    • M•••••• K••••• M•••••• · Trusteecontrol
      since 04/2001 · owns 50% to 75% of M••••• F••••• T•••• D•• 0•••••••••
    • M•••••• T••••• S••••••• · Trusteecontrol
      since 04/2001 · owns 50% to 75% of M••••• F••••• T•••• D•• 0•••••••••
    Entity owners
    • P••••••• C•••••• L•• · Member
      direct · owns 75% or more
    • D•••••• L••••• T•••• · Shareholder
      indirect · owns 50% to 75% of P••••••• C•••••• L••
    • M••••• F••••• T•••• D•• 0••••••••• · Shareholder
      indirect · owns 50% to 75% of P••••••• C•••••• L••
    Related persons
    Schedule D 7.A
    • P••••••• C•••••• I•••••••• S••••••• L••
      real estaten
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Succession · false to true
      Apr 25, 2024 to Jun 21, 2024
    • Legal name · P••••••• C•••••• M••••••••• I••• to P••••••• C•••••• M••••••••• L••
      Mar 28, 2024 to Apr 25, 2024
    • Accounts · 126 to 131
      Aug 24, 2023 to Mar 28, 2024
    • Advisory employees · 5 to 6
      Aug 24, 2023 to Mar 28, 2024
    • HNW clients · 97 to 101
      Aug 24, 2023 to Mar 28, 2024
    • Pension plan clients · 5.0 to unset
      Aug 24, 2023 to Mar 28, 2024
    • Assets in custody · $108M to $150M
      Aug 24, 2023 to Mar 28, 2024
    • Employees · 8 to 10
      Aug 24, 2023 to Mar 28, 2024
    • Organization form · Corporation to Limited Liability Company
      Aug 24, 2023 to Mar 28, 2024
    • Private funds · 10 to unset
      Aug 24, 2023 to Mar 28, 2024
    • Discretionary RAUM · $157M to $167M
      Aug 24, 2023 to Mar 28, 2024
    • HNW RAUM · $1.3B to $1.4B
      Aug 24, 2023 to Mar 28, 2024
    • Non-discretionary RAUM · $1.4B to $1.5B
      Aug 24, 2023 to Mar 28, 2024
    • Pension RAUM · $15.6M to $18.7M
      Aug 24, 2023 to Mar 28, 2024
    • Pooled vehicle RAUM · $37.8M to $38.9M
      Aug 24, 2023 to Mar 28, 2024
    • RAUM · $1.6B to $1.6B
      Aug 24, 2023 to Mar 28, 2024
    • Accounts · 111 to 126
      Aug 16, 2022 to Mar 31, 2023
    • Advisory activities · 5 to 4
      Aug 16, 2022 to Mar 31, 2023
    • HNW clients · 94 to 97
      Aug 16, 2022 to Mar 31, 2023
    • Pension plan clients · unset to 5.0
      Aug 16, 2022 to Mar 31, 2023
    • Pooled vehicle clients · 6 to 8
      Aug 16, 2022 to Mar 31, 2023
    • Assets in custody · $82.0M to $108M
      Aug 16, 2022 to Mar 31, 2023
    • Financial planning clients · 1-10 to 0
      Aug 16, 2022 to Mar 31, 2023
    • Private funds · 6 to 10
      Aug 16, 2022 to Mar 31, 2023
    • Discretionary RAUM · $183M to $157M
      Aug 16, 2022 to Mar 31, 2023
    • HNW RAUM · $1.1B to $1.3B
      Aug 16, 2022 to Mar 31, 2023
    • Non-discretionary RAUM · $1.1B to $1.4B
      Aug 16, 2022 to Mar 31, 2023
    • Pension RAUM · $17.1M to $15.6M
      Aug 16, 2022 to Mar 31, 2023
    • Pooled vehicle RAUM · $43.8M to $37.8M
      Aug 16, 2022 to Mar 31, 2023
    • RAUM · $1.3B to $1.6B
      Aug 16, 2022 to Mar 31, 2023
    • Accounts · 184 to 111
      Jun 4, 2021 to Mar 3, 2022
    • HNW clients · 84 to 94
      Jun 4, 2021 to Mar 3, 2022
    • Pooled vehicle clients · 4 to 6
      Jun 4, 2021 to Mar 3, 2022
    • Assets in custody · $15.9M to $82.0M
      Jun 4, 2021 to Mar 3, 2022
    • Employees · 6 to 8
      Jun 4, 2021 to Mar 3, 2022
    • State-registered IARs · 4 to 3
      Jun 4, 2021 to Mar 3, 2022
    • Private funds · 4 to 6
      Jun 4, 2021 to Mar 3, 2022
    • Discretionary RAUM · $78.7M to $183M
      Jun 4, 2021 to Mar 3, 2022
    • HNW RAUM · $792M to $1.1B
      Jun 4, 2021 to Mar 3, 2022
    • Non-discretionary RAUM · $902M to $1.1B
      Jun 4, 2021 to Mar 3, 2022
    Signals
    13 dated events
    • P••••••• C•••••• no longer on the SEC adviser roster (last listed 2025-01-02, RAUM $1.6B)
      Feb 3, 2025 · Left the SEC roster · derived
    • P••••••• C••••••'s advisors moved to P••••••• C•••••• (Newport Beach, CA): 4 of 4 registered, on the same day
      Dec 16, 2024 · Firm absorbed (people side) · derived
    • P••••••• C•••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Jun 21, 2024 · Succession (Item 4) · fact
    • David Jeremy Chused (Senior Vice President Of Investment Operations) appeared on Schedule A of P••••••• C••••••
      Mar 31, 2023 · Control person joined · fact
    • Dawn Jennifer Gross (Trustee) appeared on Schedule A of P••••••• C••••••
      Mar 31, 2023 · Control person joined · fact
    • B Reshma Patel (Vice President Of Operations And Chief Compliance Officer) appeared on Schedule A of P••••••• C••••••
      Aug 15, 2022 · Control person joined · fact
    • P••••••• C•••••• reported RAUM $1.3B, up 36% from $980.7M (2021-06-04 to 2022-03-03)
      Mar 3, 2022 · RAUM change · derived
    • Robert Darren Chappell (Chief Compliance Officer) appeared on Schedule A of P••••••• C••••••
      Jun 4, 2021 · Control person joined · fact
    • Payne Tricia Dowling (Chief Compliance Officer) no longer on Schedule A of P••••••• C•••••• (listed 2021-03-30, absent 2021-06-04)
      Jun 4, 2021 · Control person left · inference
    • P••••••• C•••••• reported RAUM $802.4M, up 41% from $570.3M (2019-08-02 to 2020-03-27)
      Mar 27, 2020 · RAUM change · derived
    • P••••••• C•••••• reported RAUM $570.3M, up 39% from $409.2M (2018-03-29 to 2019-03-28)
      Mar 28, 2019 · RAUM change · derived
    • P••••••• C•••••• reported RAUM $409.2M, up 293% from $104.0M (2017-03-29 to 2018-03-29)
      Mar 29, 2018 · RAUM change · derived
    • P••••••• C•••••• M••••••••• I••• filed its initial SEC registration (Form ADV)
      Aug 11, 2016 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    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

    P••••••• C•••••• 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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