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

E•••••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Warrenville, IllinoisCRD 287958SEC 801-111824websiteIAPD
Latest filing Mar 6, 2026
First filing on the tape Sep 8, 2017 · 12 filings
SEC status approved since Oct 5, 2017
RAUM
$1.2B
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
29
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$1.2B as of Mar 6, 2026
Mar 28, 2018$1.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 6, 2026
Mar 28, 20180 then
Employees (5.A)29 as of Mar 6, 2026
Mar 28, 201829 then
Private funds1 as of Mar 6, 2026
Mar 28, 20241 then
RAUM +27% over the last fiscal year+3.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 6, 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
$89.0MderivedRAUM 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
+27%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$746M, 11 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$977M84%
  • Investment companies$179M16%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
13reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$746M for 11 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false 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
      1 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A••••• D••••• M•••• · Chief Compliance Officercontrol
        since 07/2005 · owns less than 5%
      • B•••••••• C•••••• W• · Managing Directorcontrol
        since 06/2016 · owns less than 5%
      • B••••••••• M•••••• K•••••• · General Counselcontrol
        since 01/2018 · owns less than 5%
      • J••••••••• E•••••• L•• · Chief Executive Officer, Co-Chief Investment Officercontrol
        since 07/1999 · owns less than 5%
      • L••••• S••••• B••••••• · Chief Financial Officercontrol
        since 10/2023 · owns less than 5%
      • M••••••••• C•••• R•••••• · Co-Chief Investment Officercontrol
        since 03/2002 · owns less than 5%
      • M•••••• V••••• K•••••••• · Director, Fund Administrationcontrol
        since 10/2023 · owns less than 5%
      • M••••• L••••• · Managing Director, Portfolio Strategycontrol
        since 10/2021 · owns less than 5%
      • M•••••••• M•••• · Chief Risk Officercontrol
        since 08/2001 · owns less than 5%
      • J••••••••• E•••••• L•• · Managing Membercontrol
        since 01/2006 · owns 25% to 50% of J•••••••• M••••••••• C•••••• L••
      • J••••••••• T••••• M••••• · Membercontrol
        since 01/2006 · owns 25% to 50% of J•••••••• M••••••••• C•••••• L••
      Entity owners
      • E•••••••• C•••••• H•••••••• L•• · Member
        direct · owns 75% or more
      • J•••••••• M••••••••• C•••••• L•• · Manager
        direct · owns less than 5%
      • J•••••••• M••••••••• C•••••• L•• · Manager
        indirect · owns 50% to 75% of E•••••••• Capital Holdings LLC
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 14 to 13
        Mar 25, 2025 to Mar 6, 2026
      • Assets in custody · $914M to $746M
        Mar 25, 2025 to Mar 6, 2026
      • Discretionary RAUM · $914M to $1.2B
        Mar 25, 2025 to Mar 6, 2026
      • Pooled vehicle RAUM · $914M to $977M
        Mar 25, 2025 to Mar 6, 2026
      • RAUM · $914M to $1.2B
        Mar 25, 2025 to Mar 6, 2026
      • Accounts · 21 to 13
        Mar 28, 2024 to Mar 25, 2025
      • Advisory activities · 1 to 2
        Mar 28, 2024 to Mar 25, 2025
      • Pooled vehicle clients · 21 to 12
        Mar 28, 2024 to Mar 25, 2025
      • Assets in custody · $1.0B to $914M
        Mar 28, 2024 to Mar 25, 2025
      • Employees · 28 to 29
        Mar 28, 2024 to Mar 25, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 25, 2025
      • Discretionary RAUM · $1.0B to $914M
        Mar 28, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $1.0B to $914M
        Mar 28, 2024 to Mar 25, 2025
      • RAUM · $1.0B to $914M
        Mar 28, 2024 to Mar 25, 2025
      • Related bank · true to false
        Mar 28, 2024 to Mar 25, 2025
      • Accounts · 18 to 21
        Mar 30, 2023 to Mar 28, 2024
      • Advisory employees · 10 to 14
        Mar 30, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 18 to 21
        Mar 30, 2023 to Mar 28, 2024
      • Assets in custody · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • Employees · 24 to 28
        Mar 30, 2023 to Mar 28, 2024
      • Private funds · unset to 1
        Mar 30, 2023 to Mar 28, 2024
      • Discretionary RAUM · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • RAUM · $1.0B to $1.0B
        Mar 30, 2023 to Mar 28, 2024
      • Related bank · false to true
        Mar 30, 2023 to Mar 28, 2024
      • Advisory employees · 11 to 10
        Mar 29, 2022 to Mar 30, 2023
      • Assets in custody · $836M to $1.0B
        Mar 29, 2022 to Mar 30, 2023
      • Employees · 25 to 24
        Mar 29, 2022 to Mar 30, 2023
      • Discretionary RAUM · $836M to $1.0B
        Mar 29, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $836M to $1.0B
        Mar 29, 2022 to Mar 30, 2023
      • RAUM · $836M to $1.0B
        Mar 29, 2022 to Mar 30, 2023
      • Accounts · 23 to 18
        Mar 25, 2021 to Mar 29, 2022
      • Pooled vehicle clients · 23 to 18
        Mar 25, 2021 to Mar 29, 2022
      • Assets in custody · $827M to $836M
        Mar 25, 2021 to Mar 29, 2022
      • Discretionary RAUM · $827M to $836M
        Mar 25, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $827M to $836M
        Mar 25, 2021 to Mar 29, 2022
      • RAUM · $827M to $836M
        Mar 25, 2021 to Mar 29, 2022
      • Assets in custody · $809M to $827M
        Mar 30, 2020 to Mar 25, 2021
      • Discretionary RAUM · $809M to $827M
        Mar 30, 2020 to Mar 25, 2021
      • Pooled vehicle RAUM · $809M to $827M
        Mar 30, 2020 to Mar 25, 2021
      Signals
      11 dated events
      • E•••••••• C•••••• M••••••••• L•• reported RAUM $1.2B, up 27% from $913.9M (2025-03-25 to 2026-03-06)
        Mar 6, 2026 · RAUM change · derived
      • Lynn Karen Kregor (Head Of Fund Administration) no longer on Schedule A of E•••••••• C•••••• M••••••••• L•• (listed 2023-03-30, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • K•••••••• V•••• M••••• (Director, Fund Administration) appeared on Schedule A of E•••••••• C•••••• M••••••••• L••
        Mar 28, 2024 · Control person joined · fact
      • Martin James Field (Chief Financial Officer) no longer on Schedule A of E•••••••• C•••••• M••••••••• L•• (listed 2022-03-29, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • B••••••• S•••• L•••• (Head Of Finance) appeared on Schedule A of E•••••••• C•••••• M••••••••• L••
        Mar 29, 2022 · Control person joined · fact
      • Lynn Karen Kregor (Head Of Fund Administration) appeared on Schedule A of E•••••••• C•••••• M••••••••• L••
        Mar 29, 2022 · Control person joined · fact
      • L••••• M•••• (Managing Director, Portfolio Strategy) appeared on Schedule A of E•••••••• C•••••• M••••••••• L••
        Mar 29, 2022 · Control person joined · fact
      • Leslie Ronald Davis (Chief Operating Officer) no longer on Schedule A of E•••••••• C•••••• M••••••••• L•• (listed 2021-03-25, absent 2022-03-29)
        Mar 29, 2022 · Control person left · inference
      • Marat Molyboga (Chief Risk Officer) appeared on Schedule A of E•••••••• C•••••• M••••••••• L••
        Mar 22, 2019 · Control person joined · fact
      • Roy Michael Marcey (Managing Director, Strategic Development) no longer on Schedule A of E•••••••• C•••••• M••••••••• L•• (listed 2018-03-28, absent 2019-03-22)
        Mar 22, 2019 · Control person left · inference
      • E•••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Sep 8, 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/efficient-capital-management-llcreportedpublic record, Form ADV, Sep 19, 2026
      Website
      e••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      630-657-6800reportedpublic record, Form ADV, Mar 6, 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