DFX Intelligence

RIA Intelligence

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Former SEC-registered adviser

A•••• P••••••••• L••

Former SEC-registered adviserCharlotte, North CarolinaCRD 285099SEC 801-117377IAPD

Latest filing Mar 25, 2022

First filing on the tape Sep 19, 2016 · 8 filings

RAUM

$104M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

4 advisory (5.B.1)

Offices

beyond the principal office

Private funds

$86.0M gross assets

History

8 filings and snapshots on the tape

RAUM$104M as of Mar 25, 2022

Feb 21, 2020$123M then

HNW client RAUM: no history

State-registered IARs (5.B.3)0 as of Mar 25, 2022

Feb 21, 20200 then

Employees (5.A)5 as of Mar 25, 2022

Feb 21, 20206 then

Private funds1 as of Mar 25, 2022

Feb 21, 20201 then

RAUM -38% over the last fiscal yearIARs 0 to 0

Practice profile

derived from the filing of Mar 25, 2022; 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: $51.9MderivedRAUM 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: -38%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody: $86.0M, 1 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)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)
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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pooled investment vehicles$104M100%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 2reported
Financial planning clients: n/areported
Wrap fee programs: noreported
Custody of client assets: $86.0M for 1 clientsreported
Compensation: % of AUM, 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

Every departure Every arrival

Private funds

1 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
T•• S••••••• M••••• F••• L•••	Hedge Fund	$27.6M	43	Sep 19, 2016

Owners and control persons

Schedule A and B, latest filing

A•••••••• A•••••• J• · Co-Founder And Chief Investment Officercontrol
since 02/2009 · owns less than 5%
W••••••• S•••• M••••• · Co-Founder And Chief Investment Officer, Chief Compliance Officercontrol
since 02/2009 · owns less than 5%
W••••••• S••••• M•••••• · Co-Founder And Portfolio Managercontrol
since 02/2009 · owns less than 5%
A•••••••• A•••••• J• · Trusteecontrol
since 04/2014 · owns F of A••• N•• V•••• G•• T•••• U•••• 0•••••••••
W••••••• S•••• M••••• · Trusteecontrol
since 04/2014 · owns F of V•••• E• V•••••• G•• T•••• U•••• 0•••••••••

Entity owners

A••• N•• V•••• G•• T•••• U•••• 0••••••••• · Member
direct · owns 25% to 50%
A• I•••••••• G•• T•••• U•••• 0••••••••• · Member
direct · owns 25% to 50%
V•••• E• V•••••• G•• T•••• U•••• 0••••••••• · Member
direct · owns 25% to 50%

Related persons

Schedule D 7.A

G••••••• F••••••••• L••
n
T••••••• T•••• L••
n
W• R••••••••• L••
n
W•••••• P••••••••• L••
n

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 4 to 2
Dec 7, 2021 to Mar 25, 2022
Advisory employees · 5 to 4
Dec 7, 2021 to Mar 25, 2022
Pooled vehicle clients · 3 to 2
Dec 7, 2021 to Mar 25, 2022
Assets in custody · unset to 86034362.0
Dec 7, 2021 to Mar 25, 2022
Custody of client assets · false to true
Dec 7, 2021 to Mar 25, 2022
Employees · 6 to 5
Dec 7, 2021 to Mar 25, 2022
Discretionary RAUM · $167M to $104M
Dec 7, 2021 to Mar 25, 2022
Pooled vehicle RAUM · $137M to $104M
Dec 7, 2021 to Mar 25, 2022
RAUM · $167M to $104M
Dec 7, 2021 to Mar 25, 2022
Assets in custody · 104633535.0 to unset
Jun 24, 2020 to Mar 15, 2021
Custody of client assets · true to false
Jun 24, 2020 to Mar 15, 2021
Discretionary RAUM · $123M to $167M
Jun 24, 2020 to Mar 15, 2021
Pooled vehicle RAUM · $105M to $137M
Jun 24, 2020 to Mar 15, 2021
RAUM · $123M to $167M
Jun 24, 2020 to Mar 15, 2021
Accounts · 3 to 4
Aug 22, 2019 to Feb 21, 2020
Advisory employees · 4 to 5
Aug 22, 2019 to Feb 21, 2020
Advisory activities · 1 to 2
Aug 22, 2019 to Feb 21, 2020
Assets in custody · $110M to $105M
Aug 22, 2019 to Feb 21, 2020
Employees · 4 to 6
Aug 22, 2019 to Feb 21, 2020
Private funds · 2 to 1
Aug 22, 2019 to Feb 21, 2020
Discretionary RAUM · $110M to $123M
Aug 22, 2019 to Feb 21, 2020
Pooled vehicle RAUM · $110M to $105M
Aug 22, 2019 to Feb 21, 2020
RAUM · $110M to $123M
Aug 22, 2019 to Feb 21, 2020
Accounts · 2 to 3
Sep 19, 2016 to Aug 22, 2019
Advisory employees · 3 to 4
Sep 19, 2016 to Aug 22, 2019
Pooled vehicle clients · unset to 3.0
Sep 19, 2016 to Aug 22, 2019
Assets in custody · $38.3M to $110M
Sep 19, 2016 to Aug 22, 2019
Other offices · unset to 0.0
Sep 19, 2016 to Aug 22, 2019
Private funds · 1 to 2
Sep 19, 2016 to Aug 22, 2019
Discretionary RAUM · $38.3M to $110M
Sep 19, 2016 to Aug 22, 2019
Pooled vehicle RAUM · unset to 110361721.0
Sep 19, 2016 to Aug 22, 2019
RAUM · $38.3M to $110M
Sep 19, 2016 to Aug 22, 2019
Related bank · true to false
Sep 19, 2016 to Aug 22, 2019

Signals

3 dated events

A. Hemantkumar Deshpande (Cco, Cfo, And Coo) no longer on Schedule A of A•••• P••••••••• L•• (listed 2021-03-15, absent 2021-12-07)
Dec 7, 2021 · Control person left · inference
A. Hemantkumar Deshpande (Cfo/ Coo/ Cco) appeared on Schedule A of A•••• P••••••••• L••
Aug 22, 2019 · Control person joined · fact
A•••• P••••••••• L•• filed its initial SEC registration (Form ADV)
Sep 19, 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