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

L•••••• M••••••••• L•

Asset manager (funds and pooled vehicles)New York, New YorkCRD 285921SEC 801-108705websiteIAPD
Latest filing Mar 17, 2026
First filing on the tape Nov 15, 2016 · 18 filings
SEC status approved since Dec 6, 2016
RAUM
$178M
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
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$178M as of Mar 17, 2026
Mar 14, 2017$44.5M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 17, 2026
Mar 14, 20170 then
Employees (5.A)3 as of Mar 17, 2026
Mar 14, 20172 then
Private funds1 as of Mar 17, 2026
Mar 14, 20171 then
RAUM +6.2% over the last fiscal year-1.4% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 17, 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
$44.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
24%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
+6.2%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
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 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)
  • 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$135M76%
  • Charitable organizations$43.4M24%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.76 institutional_share=0.24 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      L•••••• M••••••••• M••••• F••• L•Hedge Fund$147M45Mar 30, 2018
      L•••••• M••••••••• O•••••• L•no longer reportedHedge Fund$29.4M16Mar 14, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • L••••••• S•••• S• · Partnercontrol
        since 08/2016 · owns 75% or more
      • M••••• C••••••••• · Chief Compliance Officercontrol
        since 08/2017 · owns less than 5%
      • L••••••• S•••• S• · Managing Membercontrol
        since 08/2016 · owns 75% or more of L•••••• M••••••••• G•• L••
      • L••••••• G••••••• L• · Partner
        since 08/2016 · owns 10% to 25%
      Entity owners
      • L•••••• M••••••••• G•• L•• · G•••••• Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • L•••••• M••••••••• G•••••• P•••••• G•• L••
        bankpooled vehicle sponsorn
      • L•••••• M••••••••• G•••••• P•••••• L•
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Mar 17, 2026
        institutional share of RAUM of 24% against a peer median of 0% (1568 comparable advisers, 99.0th percentile, 8.2 robust deviations)
        peers: asset managers, $100M to $500M (1,568) · 99% percentile
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $168M to $178M
        Mar 20, 2025 to Mar 17, 2026
      • Pooled vehicle RAUM · $128M to $135M
        Mar 20, 2025 to Mar 17, 2026
      • RAUM · $168M to $178M
        Mar 20, 2025 to Mar 17, 2026
      • Accounts · 5 to 4
        Mar 19, 2024 to Mar 20, 2025
      • Pooled vehicle clients · 4 to 3
        Mar 19, 2024 to Mar 20, 2025
      • Financial planning clients · 0 to 0
        Mar 19, 2024 to Mar 20, 2025
      • Discretionary RAUM · $196M to $168M
        Mar 19, 2024 to Mar 20, 2025
      • Pooled vehicle RAUM · $156M to $128M
        Mar 19, 2024 to Mar 20, 2025
      • RAUM · $196M to $168M
        Mar 19, 2024 to Mar 20, 2025
      • Employees · 4 to 3
        Jul 10, 2023 to Mar 19, 2024
      • Discretionary RAUM · $186M to $196M
        Jul 10, 2023 to Mar 19, 2024
      • Pooled vehicle RAUM · $155M to $156M
        Jul 10, 2023 to Mar 19, 2024
      • RAUM · $186M to $196M
        Jul 10, 2023 to Mar 19, 2024
      • Discretionary RAUM · $276M to $186M
        Mar 11, 2022 to Mar 20, 2023
      • Pooled vehicle RAUM · $240M to $155M
        Mar 11, 2022 to Mar 20, 2023
      • RAUM · $276M to $186M
        Mar 11, 2022 to Mar 20, 2023
      • Discretionary RAUM · $232M to $276M
        Jul 9, 2021 to Mar 11, 2022
      • Pooled vehicle RAUM · $202M to $240M
        Jul 9, 2021 to Mar 11, 2022
      • RAUM · $232M to $276M
        Jul 9, 2021 to Mar 11, 2022
      • Discretionary RAUM · $171M to $232M
        Mar 27, 2020 to Mar 23, 2021
      • Pooled vehicle RAUM · $149M to $202M
        Mar 27, 2020 to Mar 23, 2021
      • RAUM · $171M to $232M
        Mar 27, 2020 to Mar 23, 2021
      • Discretionary RAUM · $118M to $171M
        Mar 6, 2020 to Mar 27, 2020
      • Pooled vehicle RAUM · $107M to $149M
        Mar 6, 2020 to Mar 27, 2020
      • RAUM · $118M to $171M
        Mar 6, 2020 to Mar 27, 2020
      • Discretionary RAUM · $124M to $118M
        Jun 1, 2018 to Mar 28, 2019
      • Pooled vehicle RAUM · $123M to $107M
        Jun 1, 2018 to Mar 28, 2019
      • RAUM · $124M to $118M
        Jun 1, 2018 to Mar 28, 2019
      • Related bank · false to true
        Jun 1, 2018 to Mar 28, 2019
      • Accounts · 2 to 5
        Aug 16, 2017 to Mar 30, 2018
      • Advisory employees · 1 to 2
        Aug 16, 2017 to Mar 30, 2018
      • Pooled vehicle clients · unset to 4.0
        Aug 16, 2017 to Mar 30, 2018
      • Employees · 2 to 4
        Aug 16, 2017 to Mar 30, 2018
      • Financial planning clients · unset to 0
        Aug 16, 2017 to Mar 30, 2018
      • Other offices · unset to 0.0
        Aug 16, 2017 to Mar 30, 2018
      • Discretionary RAUM · $44.5M to $124M
        Aug 16, 2017 to Mar 30, 2018
      • Pooled vehicle RAUM · unset to 122776764.0
        Aug 16, 2017 to Mar 30, 2018
      • RAUM · $44.5M to $124M
        Aug 16, 2017 to Mar 30, 2018
      • Accounts · unset to 2.0
        Nov 28, 2016 to Mar 14, 2017
      • Employees · 1 to 2
        Nov 28, 2016 to Mar 14, 2017
      Signals
      1 dated events
      • L•••••• M••••••••• L• filed its initial SEC registration (Form ADV)
        Nov 15, 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
      Website
      l•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      (646) 558-8607reportedpublic record, Form ADV, Mar 17, 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