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

M••••••• A•••• M••••••••• L••

Other adviserEvanston, IllinoisCRD 285287SEC 801-108902websiteIAPD
Latest filing Aug 5, 2026
First filing on the tape Dec 23, 2016 · 27 filings
SEC status approved since Jan 9, 2017
RAUM
$1.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$1.9B
derived; firm RAUM over IAPD count
Employees
167
26 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$1.9B as of Aug 5, 2026
Mar 14, 2017$20.0M then
HNW client RAUM$0 as of Jan 15, 2025
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Aug 5, 2026
Mar 14, 20170 then
Employees (5.A)167 as of Aug 5, 2026
Mar 14, 2017142 then
Private funds: no history
RAUM +819% over the last fiscal year+145% a year over threeIARs 0 to 0offices 0 to 2
Practice profile
derived from the filing of Aug 5, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$1.9BderivedRAUM 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
$384MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
65%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
167.0derivedItem 5.A over advisors
Advisors per office
0.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+819%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 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Sovereign wealth funds$1.2B65%
  • Other investment advisers$474M25%
  • Investment companies$200M10%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
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=0.35 institutional_share=0.65 related_bd=false 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
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
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
      • L••••• R••• · Presidentcontrol
        since 08/2016 · owns less than 5%
      • R•••••• E•••••• R•••••• · Chief Operating Officercontrol
        since 08/2016 · owns less than 5%
      • S••••••••• D••••• J•• · Chief Executive Officercontrol
        since 10/2022 · owns less than 5%
      • T••••• M•••••• · Chief Compliance Officercontrol
        since 08/2016 · owns less than 5%
      • W••••••• K•••• J• · General Counselcontrol
        since 08/2016 · owns less than 5%
      • L••••• R••• · Member/Managercontrol
        since 04/2006 · owns 25% to 50% of S•••••••• M••••••••• L••
      • S••••••••• D••••• J•• · Member/Managercontrol
        since 11/2022 · owns 25% to 50% of S•••••••• M••••••••• L••
      • D•••••• J••••••• L• · Chief Financial Officer, Management Company
        since 04/2023 · owns less than 5%
      • G••••••••• N•••• · Chief Financial Officer, Liquid Strategies
        since 04/2023 · owns less than 5%
      • H•••••• L••••••• E••••• · Chief Financial Officer, Alternative Credit & Fixed Income
        since 04/2023 · owns less than 5%
      • L•••••••• A••• · Member
        since 04/2006 · owns 25% to 50% of S•••••••• M••••••••• L••
      Entity owners
      • M••••••• C•••••• P••••••• L• · Sole Member
        direct · owns 75% or more
      • S•••••••• M••••••••• L•• · General Partner
        indirect · owns F of M••••••• C•••••• P••••••• L•
      • L• N••• I••••••••• L•• · Limited Partner
        indirect · owns 25% to 50% of M••••••• C•••••• P••••••• L•
      Related persons
      Schedule D 7.A
      Advisers that list M••••••• A•••• M••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • institutional asset share shiftChange between filings · filing Mar 31, 2026
        institutional share of RAUM moved from 53.0% to 90.0% between the annual amendments of 2025-03-28 and 2026-03-31
        peers: other advisers, $1B to $5B (247)
      • RAUM up 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $209,009,769 to $1,921,501,420 (+819.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +11.0% (231 comparable advisers, 99.0th percentile of changes)
        peers: other advisers, $1B to $5B (231) · 99% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 3 to 5
        Jan 22, 2026 to Mar 31, 2026
      • Advisory employees · 23 to 26
        Jan 22, 2026 to Mar 31, 2026
      • Employees · 147 to 167
        Jan 22, 2026 to Mar 31, 2026
      • Other offices · 1 to 2
        Jan 22, 2026 to Mar 31, 2026
      • Discretionary RAUM · $209M to $1.9B
        Jan 22, 2026 to Mar 31, 2026
      • RAUM · $209M to $1.9B
        Jan 22, 2026 to Mar 31, 2026
      • Other offices · 0 to 1
        Jun 5, 2025 to Jan 22, 2026
      • Financial planning clients · unset to
        Mar 28, 2025 to Jun 5, 2025
      • Accounts · 2 to 3
        Jan 15, 2025 to Mar 28, 2025
      • Advisory employees · 19 to 23
        Jan 15, 2025 to Mar 28, 2025
      • Advisory activities · 1 to 2
        Jan 15, 2025 to Mar 28, 2025
      • Charity clients · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Corporate clients · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • HNW clients · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Individual clients · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Pension plan clients · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Pooled vehicle clients · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Employees · 128 to 147
        Jan 15, 2025 to Mar 28, 2025
      • Discretionary RAUM · $163M to $209M
        Jan 15, 2025 to Mar 28, 2025
      • HNW RAUM · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Individual RAUM · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Pension RAUM · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • Pooled vehicle RAUM · 0.0 to unset
        Jan 15, 2025 to Mar 28, 2025
      • RAUM · $163M to $209M
        Jan 15, 2025 to Mar 28, 2025
      • Advisory employees · 15 to 19
        Mar 22, 2023 to Mar 28, 2024
      • Employees · 80 to 128
        Mar 22, 2023 to Mar 28, 2024
      • Discretionary RAUM · $131M to $163M
        Mar 22, 2023 to Mar 28, 2024
      • RAUM · $131M to $163M
        Mar 22, 2023 to Mar 28, 2024
      • Discretionary RAUM · $381M to $131M
        Jan 5, 2023 to Mar 22, 2023
      • RAUM · $381M to $131M
        Jan 5, 2023 to Mar 22, 2023
      • Accounts · 3 to 2
        Mar 31, 2021 to Mar 30, 2022
      • Advisory employees · 24 to 15
        Mar 31, 2021 to Mar 30, 2022
      • Employees · 85 to 80
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $734M to $381M
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $734M to $381M
        Mar 31, 2021 to Mar 30, 2022
      • Advisory employees · 77 to 24
        Feb 1, 2021 to Mar 31, 2021
      • BD registered reps · 1 to 0
        Feb 1, 2021 to Mar 31, 2021
      • Employees · 197 to 85
        Feb 1, 2021 to Mar 31, 2021
      • Discretionary RAUM · $681M to $734M
        Feb 1, 2021 to Mar 31, 2021
      • Non-discretionary RAUM · $45.5M to $0
        Feb 1, 2021 to Mar 31, 2021
      Signals
      8 dated events
      • M••••••• A•••• M••••••••• L•• reported RAUM $1.9B, up 819% from $209.0M (2026-01-22 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • Paul Smith (Chief Legal Officer) no longer on Schedule A of M••••••• A•••• M••••••••• L•• (listed 2023-03-22, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • M••••••• A•••• M••••••••• L•• reported RAUM $131.0M, down 66% from $381.5M (2023-01-05 to 2023-03-22)
        Mar 22, 2023 · RAUM change · derived
      • M••••••• A•••• M••••••••• L•• reported RAUM $381.5M, down 48% from $733.8M (2021-03-31 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • M••••••• A•••• M••••••••• L•• reported RAUM $727.0M, up 40% from $517.8M (2019-04-08 to 2020-03-29)
        Mar 29, 2020 · RAUM change · derived
      • Michael Benjamin Paull (Chief Financial Officer) no longer on Schedule A of M••••••• A•••• M••••••••• L•• (listed 2019-03-26, absent 2019-04-08)
        Apr 8, 2019 · Control person left · inference
      • M••••••• A•••• M••••••••• L•• reported RAUM $517.8M, up 251% from $147.5M (2018-03-29 to 2019-03-26)
        Mar 26, 2019 · RAUM change · derived
      • M••••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Dec 23, 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/magnetar-capitalreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      847-905-4400reportedpublic record, Form ADV, Aug 5, 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
      Other adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $1.9Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026