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

A•• A•••• M•••••••••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 288165SEC 801-110958websiteIAPD
Legal name A••••••••• I••••••••• R•••••••• L••
Latest filing Jul 30, 2026
First filing on the tape Jun 30, 2017 · 34 filings
SEC status approved since Aug 1, 2017
RAUM
$754M
reported, Item 5.F
Discretionary
94%
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
18
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
13
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$754M as of Jul 30, 2026
Apr 2, 2018$142M then
HNW client RAUM$0 as of Jul 30, 2026
Mar 18, 2021$0 then
State-registered IARs (5.B.3)0 as of Jul 30, 2026
Apr 2, 20182 then
Employees (5.A)18 as of Jul 30, 2026
Apr 2, 20184 then
Private funds13 as of Jul 30, 2026
Apr 2, 20182 then
RAUM +7.1% over the last fiscal year+7.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 30, 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
$53.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
94%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
+7.1%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, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 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)
  • 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$707M94%
  • Other investment advisers$46.7M6.2%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
14reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, 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=1.0derived
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
      17 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A•• U••• L••• F••• I• Q•• L•Hedge Fund$358M560Jun 30, 2017
      A•• P••••• P•••••••• I•• L•Hedge Fund$209M5Mar 22, 2022
      A•• P••••• P•••••••• I• L•Hedge Fund$200M8Mar 28, 2019
      A•• L••• S••• L•Hedge Fund$101M6Mar 25, 2020
      A•• L••• O••••••••• F•••• L•Hedge Fund$75.0M10Mar 25, 2020
      A•• A•••••• A•• L••• S••••••••• F•••• L•Hedge Fund$74.5M15Mar 25, 2020
      A•• P•••••• C••••• F•••• L•Hedge Fund$61.5M5Mar 22, 2022
      A•• U• L••• F••• I• Q• O•••••••• L•Hedge Fund$49.5M126Mar 31, 2023
      A•• U••••••• F••• I•• L•Hedge Fund$49.4M77Dec 11, 2020
      A•• L•••• F•••••• F•••• L•Hedge Fund$38.5M32Mar 31, 2023
      A•• U••• L••• F••• I•• L•Hedge Fund$38.2M58Mar 25, 2020
      A•• U••• L••• F••• I••• L•Hedge Fund$32.7M70Mar 28, 2019
      A•• U••• L••• F••• I• L•Hedge Fund$11.7M35Apr 2, 2018
      A•• U••• L••• F••• I• O•••••••• L•Hedge Fund$4.7M18Oct 12, 2023
      A•• F•••••• S•••••••• F•••• L•Hedge Fund$1.8M5Oct 12, 2023
      A•• U••• L••• F••• V• L•Hedge Fund$1.8M6Mar 31, 2023
      A•• L•••• F•••••• F••• O•••••••• L•Hedge Fund$00Mar 29, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• R••••••• N••••• · Ceo/Managing Membercontrol
        since 09/2013 · owns 50% to 75%
      • L•••••• S••••••• J••• · Chief Investment Officercontrol
        since 04/2017 · owns 5% to 10%
      • S•••••••• M••••••• T••••• · Chief Financial Officer/Chief Operating Officercontrol
        since 09/2019 · owns less than 5%
      • W•••• N••••• N• · General Counsel And Chief Compliance Officercontrol
        since 10/2024 · owns less than 5%
      • B••••••• R••••••• N••••• · Owner/Presidentcontrol
        since 09/2013 · owns 75% or more of R•••••• B••••••• L•••
      • S••••••• S•••••• W•••••• · Owner/Presidentcontrol
        since 01/2018 · owns 75% or more of S•••••• C•••••• I•••
      Entity owners
      • A•••••• H•••••••• L•• · Member/ Manager
        direct · owns 25% to 50%
      • R•••••• B••••••• L••• · Owner
        direct · owns 50% to 75%
      • R•••••• B••••••• L••• · Owner/Manager
        indirect · owns 50% to 75% of A•••••• H•••••••• L••
      • S•••••• C•••••• I••• · Owner
        indirect · owns 50% to 75% of A•••••• H•••••••• L••
      Related persons
      Schedule D 7.A
      • A•• A•••••• A•• L••• S••••••••• M••••••••• G•• L••
        bankpooled vehicle sponsorn
      • A•• F•••••• S••••••••• L••
        bankpooled vehicle sponsorn
      • A•• L•••• F•••••• F••• G• M••••••••• L••
        bankpooled vehicle sponsorn
      • A•• L•••• F•••••• F••• M••••••••• L••
        bankpooled vehicle sponsorn
      • A•• L••• F••• M••••••••• Q•• L••
        bankpooled vehicle sponsorn
      • A•• L••• F••• M••••••••• L••
        bankpooled vehicle sponsorn
      • A•• L••• O••••••••• F••• M••••••••• L••
        bankpooled vehicle sponsorn
      • A•• L••• S•• M••••••••• L••
        bankpooled vehicle sponsorn
      • A•• P•••••• C••••• F••• M••••••••• L••
        bankpooled vehicle sponsorn
      • A•• U••• L••• F••• I• G•• L••
        bankpooled vehicle sponsorn
      • A•• U••• L••• F••• I•• G•• L••
        bankpooled vehicle sponsorn
      • A•• U••• L••• F••• I• G•• L••
        bankpooled vehicle sponsorn
      • A•• U••• L••• F••• V• G•• L••
        bankpooled vehicle sponsorn
      • A•• U• L••• F••• I• G• M••••••••• L••
        bankpooled vehicle sponsorn
      • A•• U• L••• F••• I• Q• G• M••••••••• L••
        bankpooled vehicle sponsorn
      • P••••• P•••••••• M••••••••• I•• L••
        bankpooled vehicle sponsorn
      • P••••• P•••••••• M••••••••• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 21 to 14
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 20 to 13
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 20 to 18
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 20 to 13
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $654M to $707M
        Mar 31, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $50.2M to $46.7M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $654M to $707M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $704M to $754M
        Mar 31, 2025 to Mar 31, 2026
      • Accounts · 18 to 21
        Nov 20, 2024 to Mar 31, 2025
      • BD registered reps · 4 to 1
        Nov 20, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 17 to 20
        Nov 20, 2024 to Mar 31, 2025
      • Employees · 21 to 20
        Nov 20, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Nov 20, 2024 to Mar 31, 2025
      • Private funds · 17 to 20
        Nov 20, 2024 to Mar 31, 2025
      • Discretionary RAUM · $685M to $654M
        Nov 20, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $53.2M to $50.2M
        Nov 20, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $685M to $654M
        Nov 20, 2024 to Mar 31, 2025
      • RAUM · $738M to $704M
        Nov 20, 2024 to Mar 31, 2025
      • Accounts · 17 to 18
        Mar 29, 2024 to May 8, 2024
      • BD registered reps · 2 to 4
        Mar 29, 2024 to May 8, 2024
      • Pooled vehicle clients · 16 to 17
        Mar 29, 2024 to May 8, 2024
      • Employees · 14 to 21
        Mar 29, 2024 to May 8, 2024
      • State-registered IARs · 2 to 0
        Mar 29, 2024 to May 8, 2024
      • Discretionary RAUM · $665M to $685M
        Mar 11, 2024 to Mar 29, 2024
      • Non-discretionary RAUM · $53.8M to $53.2M
        Mar 11, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $665M to $685M
        Mar 11, 2024 to Mar 29, 2024
      • RAUM · $719M to $738M
        Mar 11, 2024 to Mar 29, 2024
      • Private funds · 16 to 17
        Mar 29, 2024 to Mar 29, 2024
      • Non-discretionary RAUM · $0 to $53.8M
        Feb 16, 2024 to Mar 11, 2024
      • RAUM · $665M to $719M
        Feb 16, 2024 to Mar 11, 2024
      • Accounts · 21 to 17
        Oct 12, 2023 to Feb 16, 2024
      • Pooled vehicle clients · 17 to 16
        Oct 12, 2023 to Feb 16, 2024
      • Discretionary RAUM · $640M to $665M
        Oct 12, 2023 to Feb 16, 2024
      • Non-discretionary RAUM · $4.9M to $0
        Oct 12, 2023 to Feb 16, 2024
      • Pooled vehicle RAUM · $587M to $665M
        Oct 12, 2023 to Feb 16, 2024
      • RAUM · $645M to $665M
        Oct 12, 2023 to Feb 16, 2024
      • Accounts · 15 to 21
        Mar 31, 2023 to Oct 12, 2023
      • Pooled vehicle clients · 14 to 17
        Mar 31, 2023 to Oct 12, 2023
      • Private funds · 14 to 16
        Mar 31, 2023 to Oct 12, 2023
      • Discretionary RAUM · $602M to $640M
        Mar 31, 2023 to Oct 12, 2023
      Signals
      7 dated events
      • Amy Boyet Besse (Chief Compliance Officer) no longer on Schedule A of A•• A•••• M••••••••• (listed 2024-09-23, absent 2024-11-20)
        Nov 20, 2024 · Control person left · inference
      • N N•••• W••• (General Counsel And Chief Compliance Officer) appeared on Schedule A of A•• A•••• M•••••••••
        Nov 20, 2024 · Control person joined · fact
      • William Steven Schmidt (Owner/President) appeared on Schedule A of A•• A•••• M•••••••••
        Oct 19, 2022 · Control person joined · fact
      • A•• A•••• M••••••••• reported RAUM $534.2M, up 54% from $346.1M (2021-09-07 to 2022-03-22)
        Mar 22, 2022 · RAUM change · derived
      • A•• A•••• M••••••••• reported RAUM $323.7M, up 45% from $223.5M (2020-08-19 to 2020-12-11)
        Dec 11, 2020 · RAUM change · derived
      • Taylor Matthew Schaefer (Chief Financial Officer) appeared on Schedule A of A•• A•••• M•••••••••
        Dec 6, 2019 · Control person joined · fact
      • A••••••••• I••••••••• R•••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 30, 2017 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/air-asset-management/mycompany/?viewAsMreportedpublic record, Form ADV, Sep 19, 2026
      Website
      AIRASSETMANAGEMENT.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      312-625-8385reportedpublic record, Form ADV, Jul 30, 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