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

W••••••• I••••••••• A••••••• L•••••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 285602SEC 801-109009websiteIAPD
Latest filing Jun 3, 2026
First filing on the tape Jan 19, 2017 · 20 filings
SEC status approved since Jan 27, 2017
RAUM
$4.3B
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
226
70 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
12
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$4.3B as of Jun 3, 2026
Mar 28, 2018$146M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 3, 2026
Mar 28, 20180 then
Employees (5.A)226 as of Jun 3, 2026
Mar 28, 2018141 then
Private funds12 as of Jun 3, 2026
Mar 28, 20187 then
RAUM -4.0% over the last fiscal year+5.0% a year over threeIARs 0 to 0offices 5 to 4
Practice profile
derived from the filing of Jun 3, 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
$255MderivedRAUM 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
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
-4.0%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$4.3B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
17reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      20 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      W••••••• R••••••••• P••••••• V•••••• X•••• L•••no longer reportedReal Estate Fund$2.0B24Mar 31, 2021
      W••••••• R••••••••• P••••••• V•••••• X•• L•••Real Estate Fund$1.1B19Mar 27, 2024
      W••••••• R••••••••• P••••••• V•••••• X••• L•••Real Estate Fund$1.1B40Mar 31, 2022
      W••••••• R••••••••• P••••••• V•••••• X•••• L•••Real Estate Fund$857M24Mar 31, 2022
      W••••••• R••••••••• P••••••• V•••••• X••• P••••••• F•••• L•••no longer reportedReal Estate Fund$743M4Mar 31, 2021
      W••••••• R••••••••• P••••••• V•••••• X• N•••••••• L•••Real Estate Fund$396M4Mar 27, 2024
      W••••••• R••••••••• P••••••• V•••••• X•• N•••••••• L•••Real Estate Fund$322M6Mar 31, 2022
      W••••••• R••••••••• P••••••• V•••••• X••• P••••••• F•••• L•••Real Estate Fund$311M4Mar 31, 2022
      W••••••• R••••••••• P••••••• V•••••• X••• E••• C••••••••• L•••Real Estate Fund$214M4Mar 31, 2022
      W••••••• R••••••••• P••••••• V•••••• X••• L•••Real Estate Fund$199M52Mar 31, 2022
      W••• X•• S••••••••• C••••••••• L•••Real Estate Fund$85.8M4Mar 29, 2023
      W••••••• R••••••••• K• B••• V•••••• I• L•••••no longer reportedReal Estate Fund$76.3M7Jan 19, 2017
      W••••••• R••••••••• P••••••• V•••••• X•• L•••Real Estate Fund$41.2M6Mar 31, 2022
      W••••••• R••••••••• K• B••• V•••••• I•• L•••••no longer reportedReal Estate Fund$31.4M5Mar 28, 2018
      M••••••••• C••••• I••••• F••• • W••••••• I• L••Real Estate Fund$22.3M1Jan 19, 2017
      W••••••• K• B••• I••••••••• L•••••no longer reportedReal Estate Fund$18.6M2Jan 19, 2017
      W••••••• R••••••••• P••••••• V•••••• X• •••••• L•••Real Estate Fund$6.2M53Mar 31, 2022
      W••••••• K• B••• P•••••••• L•••••no longer reportedReal Estate Fund$3.7M28Jan 19, 2017
      M••••••••• C••••• I••••• F••• • W••••••• I•• L••Real Estate Fund$01Mar 28, 2018
      W••••••• K• B••• I•••••••• I•• L••••no longer reportedReal Estate Fund$01Mar 28, 2018
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• S••••••••• F••••• · Managing Partner, P••••••• Managementcontrol
        since 11/2021 · owns less than 5%
      • H•••••• E••••• S••••• · General Counselcontrol
        since 03/2024 · owns less than 5%
      • H•••• R••••••• H•••••• · Managing Partner, Investment Managementcontrol
        since 08/2013 · owns less than 5%
      • J•••••• T•••• A••••• · Chief Compliance Officercontrol
        since 12/2019 · owns less than 5%
      • L•••••••• P•••• J••••• · Managing Partner, Portfolio Managementcontrol
        since 12/2017 · owns less than 5%
      • M••••••••• T••• · Managing Partner And Chief Financial Officercontrol
        since 09/2019 · owns less than 5%
      • S•••••••• D••••• R••••• · Chief Executive Officer And Chairmancontrol
        since 08/2013 · owns less than 5%
      • V••••• P••••• M•••••• · Vice Chairmancontrol
        since 06/1995 · owns less than 5%
      • W••••• M•••••••• C•••••••• · Managing Partner, Investor Relationscontrol
        since 04/2022 · owns less than 5%
      Entity owners
      • W••••••• R••••••••• L••••• · Member
        direct · owns 75% or more
      • D•••• S••••••• F••••• G••• T•••• · Member
        indirect · owns 25% to 50% of S••••••• C••••••••• L•••••
      • J•••• D•••••• S••••••• F••••• G••• T•••• · Member
        indirect · owns 25% to 50% of S••••••• C••••••••• L•••••
      • S• I••••••••• L••••• · Member
        indirect · owns 75% or more of W••••••• E••••••••• L•••••
      • S••••••• C••••••••• L••••• · Member
        indirect · owns 75% or more of S• I••••••••• L•••••
      • W••••••• A••••••••• H•••••••• L••••• · Member
        indirect · owns 75% or more of W••••••• A••••••••• L•••••
      • W••••••• A••••••••• L••••• · Member
        indirect · owns 75% or more of W••••••• R••••••••• L•••••
      • W••••••• E••••••••• L••••• · Member
        indirect · owns 75% or more of W••••••• A••••••••• H•••••••• L•••••
      Related persons
      Schedule D 7.A
      • W••••••• A••••••••• L•••••
        investment advisery
      • W••••••• K• B••• M•••••• I•• L•••••
        pooled vehicle sponsorn
      • W••••••• V•••••• X• G•• L•••••
        pooled vehicle sponsorn
      • W••••••• V•••••• X•• G•• L•••••
        pooled vehicle sponsorn
      • W••••••• V•••••• X••• G•• L•••••
        pooled vehicle sponsorn
      • W••••••• V•••••• X•• G•• L•••••
        pooled vehicle sponsorn
      • W••••••• V•••••• X• G•• L•••••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Ojai, CA1 employees
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 16 to 17
        May 19, 2025 to Mar 29, 2026
      • Advisory employees · 69 to 70
        May 19, 2025 to Mar 29, 2026
      • Pooled vehicle clients · 16 to 17
        May 19, 2025 to Mar 29, 2026
      • Employees · 224 to 226
        May 19, 2025 to Mar 29, 2026
      • Other offices · 5 to 4
        May 19, 2025 to Mar 29, 2026
      • Private funds · 11 to 12
        May 19, 2025 to Mar 29, 2026
      • Discretionary RAUM · $4.5B to $4.3B
        May 19, 2025 to Mar 29, 2026
      • Pooled vehicle RAUM · $4.5B to $4.3B
        May 19, 2025 to Mar 29, 2026
      • RAUM · $4.5B to $4.3B
        May 19, 2025 to Mar 29, 2026
      • Financial planning clients · unset to
        Mar 27, 2025 to May 19, 2025
      • Advisory employees · 64 to 69
        Apr 29, 2024 to Mar 27, 2025
      • Assets in custody · $4.7B to $0
        Apr 29, 2024 to Mar 27, 2025
      • Employees · 218 to 224
        Apr 29, 2024 to Mar 27, 2025
      • Private funds · 12 to 11
        Apr 29, 2024 to Mar 27, 2025
      • Discretionary RAUM · $4.7B to $4.5B
        Apr 29, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $4.7B to $4.5B
        Apr 29, 2024 to Mar 27, 2025
      • RAUM · $4.7B to $4.5B
        Apr 29, 2024 to Mar 27, 2025
      • Assets in custody · $4.7B to $4.7B
        Mar 27, 2024 to Apr 29, 2024
      • Discretionary RAUM · $4.7B to $4.7B
        Mar 27, 2024 to Apr 29, 2024
      • Pooled vehicle RAUM · $4.7B to $4.7B
        Mar 27, 2024 to Apr 29, 2024
      • RAUM · $4.7B to $4.7B
        Mar 27, 2024 to Apr 29, 2024
      • Accounts · 13 to 16
        Sep 15, 2023 to Mar 27, 2024
      • Advisory employees · 53 to 64
        Sep 15, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 13 to 16
        Sep 15, 2023 to Mar 27, 2024
      • Assets in custody · $3.8B to $4.7B
        Sep 15, 2023 to Mar 27, 2024
      • Employees · 206 to 218
        Sep 15, 2023 to Mar 27, 2024
      • Other offices · 4 to 5
        Sep 15, 2023 to Mar 27, 2024
      • Private funds · 11 to 12
        Sep 15, 2023 to Mar 27, 2024
      • Discretionary RAUM · $3.7B to $4.7B
        Sep 15, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $3.7B to $4.7B
        Sep 15, 2023 to Mar 27, 2024
      • RAUM · $3.7B to $4.7B
        Sep 15, 2023 to Mar 27, 2024
      • Advisory employees · 59 to 53
        Dec 21, 2022 to Mar 29, 2023
      • Employees · 227 to 206
        Dec 21, 2022 to Mar 29, 2023
      • Other offices · 5 to 4
        Dec 21, 2022 to Mar 29, 2023
      • Private funds · 10 to 11
        Dec 21, 2022 to Mar 29, 2023
      • Discretionary RAUM · $3.8B to $3.7B
        Dec 21, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $3.8B to $3.7B
        Dec 21, 2022 to Mar 29, 2023
      • RAUM · $3.8B to $3.7B
        Dec 21, 2022 to Mar 29, 2023
      • Accounts · 8 to 13
        Dec 17, 2021 to Mar 31, 2022
      • Advisory employees · 52 to 59
        Dec 17, 2021 to Mar 31, 2022
      Signals
      13 dated events
      • W••••••• I••••••••• A••••••• L••••• reported RAUM $4.7B, up 26% from $3.7B (2023-09-15 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Diamond Jamie Schwartz (Trustee) no longer on Schedule A of W••••••• I••••••••• A••••••• L••••• (listed 2023-09-15, absent 2024-03-27)
        Mar 27, 2024 · Control person left · inference
      • S••••• E•••• H••••• (General Counsel) appeared on Schedule A of W••••••• I••••••••• A••••••• L•••••
        Mar 27, 2024 · Control person joined · fact
      • H••••• Erin Ankin (Managing Partner And General Counsel) no longer on Schedule A of W••••••• I••••••••• A••••••• L••••• (listed 2023-08-01, absent 2023-09-15)
        Sep 15, 2023 · Control person left · inference
      • Christine Michelle Wells (Managing Partner, Investor Relations) appeared on Schedule A of W••••••• I••••••••• A••••••• L•••••
        Aug 1, 2023 · Control person joined · fact
      • (Nmn) Stephanie Brock (Managing Partner, Property Management) appeared on Schedule A of W••••••• I••••••••• A••••••• L•••••
        Aug 1, 2023 · Control person joined · fact
      • (Nmn) Phil Lukowski (Managing Partner, Portfolio Management) appeared on Schedule A of W••••••• I••••••••• A••••••• L•••••
        Aug 1, 2023 · Control person joined · fact
      • W••••••• I••••••••• A••••••• L••••• reported RAUM $3.8B, up 34% from $2.8B (2021-12-17 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • W••••••• I••••••••• A••••••• L••••• reported RAUM $2.8B, up 1328% from $196.6M (2021-03-31 to 2021-06-04)
        Jun 4, 2021 · RAUM change · derived
      • Tara Marszewski (Chief Financial Officer) appeared on Schedule A of W••••••• I••••••••• A••••••• L•••••
        Mar 25, 2020 · Control person joined · fact
      • Andrew Todd Joseph (Chief Compliance Officer) appeared on Schedule A of W••••••• I••••••••• A••••••• L•••••
        Mar 25, 2020 · Control person joined · fact
      • George Douglas Denyer (Chief Financial Officer) no longer on Schedule A of W••••••• I••••••••• A••••••• L••••• (listed 2019-03-27, absent 2020-03-25)
        Mar 25, 2020 · Control person left · inference
      • W••••••• I••••••••• A•••••• L••••• filed its initial SEC registration (Form ADV)
        Jan 19, 2017 · 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/79597309/admin/feed/postsreportedpublic record, Form ADV, Sep 19, 2026
      Firm profile
      linkedin.com/company/waterton/mycompanyreportedpublic record, Form ADV, Sep 19, 2026
      Website
      outboundhotel.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      312-948-4500reportedpublic record, Form ADV, Jun 3, 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
      Across the graphs

      W••••••• I••••••••• A••••••• L••••• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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