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
N•••••• A••••••• H••• K••• L••••••
Latest filing Feb 23, 2026
First filing on the tape Apr 16, 2020 · 11 filings
SEC status approved since May 15, 2020
RAUM
$623M
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
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$623M as of Feb 23, 2026
Mar 16, 2021$694M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 23, 2026
Mar 16, 20210 then
Employees (5.A)5 as of Feb 23, 2026
Mar 16, 20214 then
Private funds2 as of Feb 23, 2026
Mar 16, 20211 then
RAUM +23% over the last fiscal year+19% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 23, 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
- $311MderivedRAUM 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
- +23%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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$623M100%
- 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
- % of AUM, 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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N•••••• C•••••• | Hedge Fund | $394M | 44 | Aug 10, 2016 |
| C•••••• P•••••••• L••• • N•••••• A••••••• H••• K••• L•••••• S••••• | Hedge Fund | $58.5M | 2 | Mar 15, 2022 |
Owners and control persons
Schedule A and B, latest filing
- L••••• Y•• T••• · Executive Directorcontrolsince 04/2021 · owns less than 5%
- S••• J•• · Executive Director And Chief Compliance Officercontrolsince 03/2022 · owns less than 5%
- Z•••• F••• F••••• · Directorcontrolsince 10/2015 · owns less than 5%
- Z•••• F••• F••••• · Shareholdercontrolsince 10/2015 · owns 75% or more of N•••••• Group Ltd.
Entity owners
- N•••••• A••••••• · Sole Shareholderdirect · owns 75% or more
- N•••••• G•••• L•••••• · Shareholderindirect · owns 75% or more of N•••••• A•••••••
Related persons
Schedule D 7.A
- N•••••• T••••••••• L••••••investment advisery
- S••••••• N•••••• I••••••••• L••••••investment advisery
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Discretionary RAUM · $505M to $623MMar 10, 2025 to Feb 23, 2026
- Pooled vehicle RAUM · $505M to $623MMar 10, 2025 to Feb 23, 2026
- RAUM · $505M to $623MMar 10, 2025 to Feb 23, 2026
- Financial planning clients · unset to Mar 3, 2025 to Mar 10, 2025
- Advisory employees · 2 to 3Mar 18, 2024 to Mar 3, 2025
- HQ state · unset to Mar 18, 2024 to Mar 3, 2025
- Discretionary RAUM · $452M to $505MMar 18, 2024 to Mar 3, 2025
- Pooled vehicle RAUM · $452M to $505MMar 18, 2024 to Mar 3, 2025
- RAUM · $452M to $505MMar 18, 2024 to Mar 3, 2025
- Advisory activities · 2 to 1Mar 27, 2023 to Mar 18, 2024
- Employees · 4 to 5Mar 27, 2023 to Mar 18, 2024
- Discretionary RAUM · $371M to $452MMar 27, 2023 to Mar 18, 2024
- Pooled vehicle RAUM · $371M to $452MMar 27, 2023 to Mar 18, 2024
- RAUM · $371M to $452MMar 27, 2023 to Mar 18, 2024
- Accounts · 3 to 2Oct 5, 2022 to Mar 27, 2023
- Corporate clients · 1.0 to unsetOct 5, 2022 to Mar 27, 2023
- Discretionary RAUM · $755M to $371MOct 5, 2022 to Mar 27, 2023
- Pooled vehicle RAUM · $712M to $371MOct 5, 2022 to Mar 27, 2023
- RAUM · $755M to $371MOct 5, 2022 to Mar 27, 2023
- Related adviser · false to trueMar 15, 2022 to Apr 19, 2022
- Advisory activities · 1 to 2Mar 16, 2021 to Mar 15, 2022
- Corporate clients · unset to 1.0Mar 16, 2021 to Mar 15, 2022
- Pooled vehicle clients · 1 to 2Mar 16, 2021 to Mar 15, 2022
- Private funds · 1 to 2Mar 16, 2021 to Mar 15, 2022
- Discretionary RAUM · $694M to $755MMar 16, 2021 to Mar 15, 2022
- Pooled vehicle RAUM · $556M to $712MMar 16, 2021 to Mar 15, 2022
- RAUM · $694M to $755MMar 16, 2021 to Mar 15, 2022
- Accounts · 1 to 3May 18, 2020 to Mar 16, 2021
- Discretionary RAUM · $239M to $694MMay 18, 2020 to Mar 16, 2021
- Pooled vehicle RAUM · $239M to $556MMay 18, 2020 to Mar 16, 2021
- RAUM · $239M to $694MMay 18, 2020 to Mar 16, 2021
- Private funds · 2 to 1Apr 16, 2020 to May 18, 2020
Signals
4 dated events
- N•••••• A••••••• H••• K••• L•••••• reported RAUM $371.3M, down 51% from $754.7M (2022-10-05 to 2023-03-27)Mar 27, 2023 · RAUM change · derived
- Jie Sun (Executive Director And Chief Compliance Officer) appeared on Schedule A of N•••••• A••••••• H••• K••• L••••••Mar 15, 2022 · Control person joined · fact
- N•••••• A••••••• H••• K••• L•••••• reported RAUM $693.9M, up 190% from $239.5M (2020-05-18 to 2021-03-16)Mar 16, 2021 · RAUM change · derived
- N•••••• A••••••• H••• K••• L•••••• filed its initial SEC registration (Form ADV)Apr 16, 2020 · 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
- Website
- N••••••ADVISORS.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- +852 39564336reportedpublic record, Form ADV, Feb 23, 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