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
H•••• H•••••• L••
Latest filing Mar 30, 2026
First filing on the tape Aug 4, 2016 · 18 filings
SEC status approved since Aug 8, 2016
RAUM
$19.7M
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
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$19.7M as of Mar 30, 2026
Mar 30, 2017$145M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 30, 20170 then
Employees (5.A)2 as of Mar 30, 2026
Mar 30, 20171 then
Private funds3 as of Mar 30, 2026
Mar 30, 20171 then
RAUM -58% over the last fiscal year-45% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
- $6.6MderivedRAUM 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
- -58%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, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for investment companies, otherreportedItem 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
- 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$5.0M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 3reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
Joined, latest
none on the tape
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| A••••• L• | Private Equity Fund | $43.2M | 20 | Mar 24, 2021 |
| H••••••• C••••••• O••••••• P•••••••• L••• | Hedge Fund | $16.4M | 322 | Mar 29, 2012 |
| P•••• L• | Private Equity Fund | $2.4M | 4 | Mar 24, 2021 |
Owners and control persons
Schedule A and B, latest filing
- D••••••• M•••• S•••••••• · Presidentcontrolsince 01/2018 · owns less than 5%
- K••••••••• F•••••• · Chief Compliance Officercontrolsince 01/2018 · owns less than 5%
- D••••••• M•••• S•••••••• · Shareholdercontrolsince 11/2001 · owns 75% or more of S••••• I•••
Entity owners
- S••••• I••• · Memberdirect · owns 75% or more
- S••••• I••• · Shareholderindirect · owns 75% or more of H•••• H••••••, LLC
Related persons
Schedule D 7.A
- P••••••••• C••• I•••investment advisery
- S••••• I•••pooled vehicle sponsory
Advisers that list H•••• H•••••• L•• as a related person
- 295190 y
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 6 to 3Mar 27, 2025 to Mar 30, 2026
- Pooled vehicle clients · 5 to 2Mar 27, 2025 to Mar 30, 2026
- Assets in custody · 16400000.0 to unsetMar 27, 2025 to Mar 30, 2026
- Custody of client assets · true to falseMar 27, 2025 to Mar 30, 2026
- Discretionary RAUM · $41.0M to $19.7MMar 27, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $5.7M to $0Mar 27, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $25.7M to $5.0MMar 27, 2025 to Mar 30, 2026
- RAUM · $46.7M to $19.7MMar 27, 2025 to Mar 30, 2026
- Financial planning clients · unset to Mar 25, 2024 to Mar 27, 2025
- Discretionary RAUM · $77.5M to $41.0MMar 25, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $16.4M to $5.7MMar 25, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $62.0M to $25.7MMar 25, 2024 to Mar 27, 2025
- RAUM · $93.9M to $46.7MMar 25, 2024 to Mar 27, 2025
- Assets in custody · $41.6M to $16.4MAug 4, 2023 to Mar 25, 2024
- Discretionary RAUM · $75.2M to $77.5MAug 4, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $41.6M to $16.4MAug 4, 2023 to Mar 25, 2024
- Pooled vehicle RAUM · $84.7M to $62.0MAug 4, 2023 to Mar 25, 2024
- RAUM · $117M to $93.9MAug 4, 2023 to Mar 25, 2024
- Assets in custody · $77.1M to $41.6MNov 9, 2022 to Mar 28, 2023
- Discretionary RAUM · $67.8M to $75.2MNov 9, 2022 to Mar 28, 2023
- Non-discretionary RAUM · $59.5M to $41.6MNov 9, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $92.1M to $84.7MNov 9, 2022 to Mar 28, 2023
- RAUM · $127M to $117MNov 9, 2022 to Mar 28, 2023
- Employees · 1 to 2Mar 30, 2022 to Nov 9, 2022
- Related adviser · false to trueMar 30, 2022 to Nov 9, 2022
- Discretionary RAUM · $296M to $67.8MMar 24, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $71.1M to $59.5MMar 24, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $333M to $92.1MMar 24, 2021 to Mar 30, 2022
- RAUM · $367M to $127MMar 24, 2021 to Mar 30, 2022
- Accounts · 4 to 6Mar 24, 2020 to Mar 24, 2021
- Pooled vehicle clients · 3 to 5Mar 24, 2020 to Mar 24, 2021
- Private funds · 1 to 3Mar 24, 2020 to Mar 24, 2021
- Discretionary RAUM · $34.1M to $296MMar 24, 2020 to Mar 24, 2021
- Non-discretionary RAUM · $77.1M to $71.1MMar 24, 2020 to Mar 24, 2021
- Pooled vehicle RAUM · $77.1M to $333MMar 24, 2020 to Mar 24, 2021
- RAUM · $111M to $367MMar 24, 2020 to Mar 24, 2021
- Assets in custody · $130M to $77.1MMar 26, 2019 to Mar 24, 2020
- Discretionary RAUM · $42.0M to $34.1MMar 26, 2019 to Mar 24, 2020
- Non-discretionary RAUM · $130M to $77.1MMar 26, 2019 to Mar 24, 2020
- Pooled vehicle RAUM · $130M to $77.1MMar 26, 2019 to Mar 24, 2020
Signals
4 dated events
- H•••• H•••••• L•• no longer on the SEC adviser roster (last listed 2026-06-01, RAUM $19.7M)Jul 1, 2026 · Left the SEC roster · derived
- H•••• H•••••• L•• reported RAUM $127.3M, down 65% from $367.4M (2021-03-24 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- H•••• H•••••• L•• reported RAUM $367.4M, up 230% from $111.2M (2020-03-24 to 2021-03-24)Mar 24, 2021 · RAUM change · derived
- H•••• H•••••• L•• filed its initial SEC registration (Form ADV)Aug 4, 2016 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- H•••• H•••••• L•• · Independent Sponsorsshared crd · capital_provider
- H•••• H•••••• L•• · Private Equityshared crd · organization
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