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.
SEC-registered adviser
Cion Ares Management, LLC
Latest filing Aug 26, 2026
First filing on the tape Dec 1, 2016 · 23 filings
SEC status approved since Jan 3, 2017
RAUM
$8.0B
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
18
11 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$8.0B as of Aug 26, 2026
Mar 31, 2017$100,000 then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 26, 2026
Mar 31, 20170 then
Employees (5.A)18 as of Aug 26, 2026
Mar 31, 20176 then
Private funds: no history
RAUM +17% over the last fiscal year+30% a year over threeIARs 0 to 0offices 2 to 3
Practice profile
derived from the filing of Aug 26, 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
- $8.0BderivedRAUM 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
- unknownderived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%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 investment companiesreportedItem 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$8.0B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1reported
- 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=true related_bank=true 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- J (Mi Only) Michael Arougheti · Vice Presidentcontrolsince 01/2018 · owns less than 5%
- Scott Mitchell Goldstein · Vice Presidentcontrolsince 10/2016 · owns less than 5%
- Christopher Scott Lem · Chief Financial Officercontrolsince 03/2024 · owns less than 5%
- Alan Gregory Margolies · Vice Presidentcontrolsince 10/2016 · owns less than 5%
- Facemire Penelope Roll · Chief Compliance Officercontrolsince 03/2024 · owns less than 5%
- Allan David Sachs · Chief Executive Officercontrolsince 11/2021 · owns less than 5%
- Sera Naseem Sagati Aghili · General Counselcontrolsince 03/2021 · owns less than 5%
- Mark Gatto · Trusteecontrolsince 12/2022 · owns 75% or more of Gatto Living Trust
- Adam Michael Reisner · Trusteecontrolsince 02/2024 · owns 75% or more of Michael Reisner Revocable Living Trust
- Peter Antony Ressler · Limited Partnercontrolsince 01/2002 · owns 25% to 50% of Ares Owners Holdings L.P.
Entity owners
- Ares Holdings, L.P. · Memberdirect · owns 75% or more
- Ares Holdco LLC · Partner/General Partnerindirect · owns 50% to 75% of Ares Holdings, L.P.
- Ares Management Corporation · Memberindirect · owns 75% or more of Ares Holdco LLC · public reporting company
- Ares Owners Holdings L.P. · Partnerindirect · owns 25% to 50% of Ares Holdings, L.P.
- Ares Partners Holdco LLC · Parter/General Partnerindirect · owns F of Ares Owners Holdings L.P.
- Cion Investment Group, LLC · Memberindirect · owns 75% or more of Cion Holdings, LLC
- Gatto Living Trust · Shareholderindirect · owns 25% to 50% of Warrenton Capital Corp.
- Michael Reisner Revocable Living Trust · Shareholderindirect · owns 25% to 50% of Warrenton Capital Corp.
- Warrenton Capital Corp. · Member Series Bindirect · owns 50% to 75% of Cion Investment Group, LLC
- Cion Holdings, LLC · Memberdirect · owns 25% to 50%
Related persons
Schedule D 7.A
- Ace III Gp (Scotland) Llppooled vehicle sponsorn
- Acip Investment Management LLCinvestment adviserbankpooled vehicle sponsorn
- Aclof III Gp LLCpooled vehicle sponsorn
- Acme Pc Management LPpooled vehicle sponsorn
- Acof Asia Management, L.P.pooled vehicle sponsorn
- Acof Investment Management, LLCinvestment adviserbankn
- Acof IV Atd Co-Invest Management, LLCpooled vehicle sponsorn
- Acof Lux Management Vii S.A R.L.pooled vehicle sponsorn
- Acof Management III, L.P.pooled vehicle sponsorn
- Acof Management IV, L.P.pooled vehicle sponsorn
- Acof Management V, L.P.pooled vehicle sponsorn
- Acof Management Vi Gp LLCpooled vehicle sponsorn
- Acof Management Vi, L.P.pooled vehicle sponsorn
- Acof Management Vii, L.P.pooled vehicle sponsorn
- Acof Management, L.P.pooled vehicle sponsorn
- Acof Operating Manager III, LLCinvestment adviserbankn
- Acof Operating Manager IV, LLCinvestment adviserbankn
- Acof Operating Manager, L.P.investment adviserbankn
- Adrex Advisor LLCinvestment advisern
- Aeif Kleen Gp, LLCpooled vehicle sponsorn
- Aeif Linden Gp, LLCpooled vehicle sponsorn
- Aeof Management Gp LLCpooled vehicle sponsorn
- Aeof Management, L.P.pooled vehicle sponsorn
- Aepep (Scotland) Gp II, Llppooled vehicle sponsorn
- Aepep Gp II, LLCpooled vehicle sponsorn
- Aepep II N Gp, L.P.pooled vehicle sponsorn
- Aepep III N Strategic Co-Invest Gp, L.P.pooled vehicle sponsorn
- Aevf Management Gp LLCpooled vehicle sponsorn
- Aevf Management LPpooled vehicle sponsorn
- Aic Management Ltd.pooled vehicle sponsorn
Advisers that list Cion Ares Management, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY3 employees
- Los Angeles, CA1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- large related person networkStatic outlier · filing Aug 26, 2026related persons on Schedule D 7.A of 331.0 against a peer median of 11.0 (492 comparable advisers, 99.0th percentile, 36.0 robust deviations)peers: asset managers, $5B to $20B (492) · 99% percentile
- employee count surgeChange between filings · filing Mar 27, 2026employees (Item 5.A) moved from 10.0 to 18.0 (+80.0%) between the annual amendments of 2025-03-31 and 2026-03-27; the peer median change was +3.0% (595 comparable advisers, 100.0th percentile of changes)peers: asset managers, $5B to $20B (595) · 100% percentile
What changed
consecutive filings, newest first
- Advisory employees · 5 to 11Feb 24, 2026 to Mar 27, 2026
- Employees · 10 to 18Feb 24, 2026 to Mar 27, 2026
- Other offices · 2 to 3Feb 24, 2026 to Mar 27, 2026
- Discretionary RAUM · $6.8B to $8.0BFeb 24, 2026 to Mar 27, 2026
- RAUM · $6.8B to $8.0BFeb 24, 2026 to Mar 27, 2026
- Financial planning clients · unset to Mar 31, 2025 to May 30, 2025
- Advisory employees · 4 to 5Aug 27, 2024 to Mar 31, 2025
- Employees · 7 to 10Aug 27, 2024 to Mar 31, 2025
- Discretionary RAUM · $4.7B to $6.8BAug 27, 2024 to Mar 31, 2025
- RAUM · $4.7B to $6.8BAug 27, 2024 to Mar 31, 2025
- Discretionary RAUM · $3.6B to $4.7BMar 31, 2023 to Mar 28, 2024
- RAUM · $3.6B to $4.7BMar 31, 2023 to Mar 28, 2024
- Discretionary RAUM · $2.9B to $3.6BMar 31, 2022 to Mar 31, 2023
- RAUM · $2.9B to $3.6BMar 31, 2022 to Mar 31, 2023
- Employees · 8 to 7Nov 23, 2021 to Mar 31, 2022
- Other offices · 1 to 2Nov 23, 2021 to Mar 31, 2022
- Discretionary RAUM · $1.2B to $2.9BNov 23, 2021 to Mar 31, 2022
- RAUM · $1.2B to $2.9BNov 23, 2021 to Mar 31, 2022
- Discretionary RAUM · $730M to $1.2BMar 29, 2020 to Mar 31, 2021
- RAUM · $730M to $1.2BMar 29, 2020 to Mar 31, 2021
- Discretionary RAUM · $326M to $730MMar 29, 2019 to Mar 29, 2020
- RAUM · $326M to $730MMar 29, 2019 to Mar 29, 2020
- Advisory employees · 220 to 4Jun 20, 2018 to Mar 29, 2019
- Employees · 241 to 8Jun 20, 2018 to Mar 29, 2019
- Other offices · 10 to 1Jun 20, 2018 to Mar 29, 2019
- Discretionary RAUM · $40.3M to $326MJun 20, 2018 to Mar 29, 2019
- RAUM · $40.3M to $326MJun 20, 2018 to Mar 29, 2019
- Advisory employees · 4 to 220Sep 29, 2017 to Mar 31, 2018
- Charity clients · unset to 0.0Sep 29, 2017 to Mar 31, 2018
- Corporate clients · unset to 0.0Sep 29, 2017 to Mar 31, 2018
- HNW clients · unset to 0.0Sep 29, 2017 to Mar 31, 2018
- Individual clients · unset to 0.0Sep 29, 2017 to Mar 31, 2018
- Pension plan clients · unset to 0.0Sep 29, 2017 to Mar 31, 2018
- Pooled vehicle clients · unset to 0.0Sep 29, 2017 to Mar 31, 2018
- Employees · 6 to 241Sep 29, 2017 to Mar 31, 2018
- Other offices · unset to 10.0Sep 29, 2017 to Mar 31, 2018
- Discretionary RAUM · $100,000 to $40.3MSep 29, 2017 to Mar 31, 2018
- RAUM · $100,000 to $40.3MSep 29, 2017 to Mar 31, 2018
Signals
12 dated events
- Cion Ares Management, Llc reported RAUM $6.8B, up 45% from $4.7B (2024-08-27 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Cion Ares Management, Llc reported RAUM $4.7B, up 29% from $3.6B (2023-03-31 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Scott Lem (Chief Financial Officer) appeared on Schedule A of Cion Ares Management, LlcMar 28, 2024 · Control person joined · fact
- Goldsmith Miriam Krieger (Chief Compliance Officer) no longer on Schedule A of Cion Ares Management, Llc (listed 2023-03-31, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Cion Ares Management, Llc reported RAUM $2.9B, up 137% from $1.2B (2021-11-23 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Allan David Sachs (Chief Executive Officer) appeared on Schedule A of Cion Ares Management, LlcNov 23, 2021 · Control person joined · fact
- Cion Ares Management, Llc reported RAUM $1.2B, up 71% from $729.9M (2020-03-29 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Sera Naseem Sagati Aghili (General Counsel) appeared on Schedule A of Cion Ares Management, LlcMar 31, 2021 · Control person joined · fact
- Cion Ares Management, Llc reported RAUM $729.9M, up 124% from $325.6M (2019-03-29 to 2020-03-29)Mar 29, 2020 · RAUM change · derived
- Daniel Michael Weiner (Chief Legal Officer) no longer on Schedule A of Cion Ares Management, Llc (listed 2019-03-29, absent 2020-03-29)Mar 29, 2020 · Control person left · inference
- Cion Ares Management, Llc reported 1 offices beyond its principal office, down from 10 (2018-06-20 to 2019-03-29)Mar 29, 2019 · Office count change · derived
- Cion Ares Management, Llc filed its initial SEC registration (Form ADV)Dec 1, 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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/ares-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- areswms.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 212-418-4700reportedpublic record, Form ADV, Aug 26, 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