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

F•• R••• E••••• A••••••• G••••• L••

Asset manager (funds and pooled vehicles)Irvine, CaliforniaCRD 288195SEC 801-110433websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Apr 10, 2017 · 23 filings
SEC status approved since Apr 17, 2017
RAUM
$8.0B
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
110
13 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
9
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$8.0B as of Mar 31, 2026
Mar 28, 2018$289M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20180 then
Employees (5.A)110 as of Mar 31, 2026
Mar 28, 201815 then
Private funds9 as of Mar 31, 2026
Mar 30, 20207 then
RAUM +3.7% over the last fiscal year+0.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
$242MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+3.7%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
performance-based, otherreportedItem 5.E
Advisory activities
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)
  • 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$8.0B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
33reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
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
      10 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• J•••••• A•••••• · Chief Financial Officer (Cfo)control
        since 03/2017 · owns less than 5%
      • E•••• M••••••• B•••• · Elected Manager/Chairmancontrol
        since 03/2017 · owns less than 5%
      • F•••••• G••••••• A••••• · Elected Managercontrol
        since 03/2017 · owns less than 5%
      • M•••••• K•••••••• K••••• · Chief Compliance Officercontrol
        since 05/2023 · owns less than 5%
      • S••••••• M•••••••• C••••• · Controllercontrol
        since 03/2017 · owns less than 5%
      Entity owners
      • G•••••• A• F••••• L••••• T•••• • G•••••• A• F•••••• T•••••• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • A•••••••• O••••••••• F••• I• G•• L••
        pooled vehicle sponsorn
      • A•••••••• O••••••••• F••• V• G•• L••
        pooled vehicle sponsorn
      • A•••••••• O••••••••• F••• V•• G•• L••
        pooled vehicle sponsorn
      • A•••••••• O••••••••• F••• V••• G•• L••
        pooled vehicle sponsorn
      • F•• C••• P••• F••• I•• G•• L••
        pooled vehicle sponsorn
      • F•• C••• P••• F••• I• G•• L••
        pooled vehicle sponsorn
      • F•• C••• P••• F••• V• G•• L••
        pooled vehicle sponsorn
      • F•• C••• P••• F••• V• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • San Francisco, CA2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 37 to 33
        May 19, 2025 to Mar 31, 2026
      • Advisory employees · 15 to 13
        May 19, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 37 to 33
        May 19, 2025 to Mar 31, 2026
      • Employees · 96 to 110
        May 19, 2025 to Mar 31, 2026
      • Private funds · 10 to 9
        May 19, 2025 to Mar 31, 2026
      • Discretionary RAUM · $7.7B to $8.0B
        May 19, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $7.7B to $8.0B
        May 19, 2025 to Mar 31, 2026
      • RAUM · $7.7B to $8.0B
        May 19, 2025 to Mar 31, 2026
      • Financial planning clients · 0 to 0
        Mar 29, 2025 to May 19, 2025
      • Accounts · 32 to 37
        Jan 30, 2025 to Mar 29, 2025
      • Pooled vehicle clients · 32 to 37
        Jan 30, 2025 to Mar 29, 2025
      • Employees · 89 to 96
        Jan 30, 2025 to Mar 29, 2025
      • Private funds · 9 to 10
        Jan 30, 2025 to Mar 29, 2025
      • Discretionary RAUM · $5.7B to $7.7B
        Jan 30, 2025 to Mar 29, 2025
      • Pooled vehicle RAUM · $5.7B to $7.7B
        Jan 30, 2025 to Mar 29, 2025
      • RAUM · $5.7B to $7.7B
        Jan 30, 2025 to Mar 29, 2025
      • Accounts · 36 to 32
        May 30, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 36 to 32
        May 30, 2023 to Mar 27, 2024
      • Custody of client assets · true to false
        May 30, 2023 to Mar 27, 2024
      • Employees · 58 to 89
        May 30, 2023 to Mar 27, 2024
      • Discretionary RAUM · $7.9B to $5.7B
        May 30, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $7.9B to $5.7B
        May 30, 2023 to Mar 27, 2024
      • RAUM · $7.9B to $5.7B
        May 30, 2023 to Mar 27, 2024
      • Accounts · 29 to 36
        Feb 10, 2023 to Mar 31, 2023
      • Advisory employees · 5 to 15
        Feb 10, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 29 to 36
        Feb 10, 2023 to Mar 31, 2023
      • Assets in custody · unset to 0.0
        Feb 10, 2023 to Mar 31, 2023
      • Custody of client assets · false to true
        Feb 10, 2023 to Mar 31, 2023
      • Employees · 15 to 58
        Feb 10, 2023 to Mar 31, 2023
      • Private funds · 8 to 9
        Feb 10, 2023 to Mar 31, 2023
      • Discretionary RAUM · $6.3B to $7.9B
        Feb 10, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $6.3B to $7.9B
        Feb 10, 2023 to Mar 31, 2023
      • RAUM · $6.3B to $7.9B
        Feb 10, 2023 to Mar 31, 2023
      • Discretionary RAUM · $6.5B to $6.3B
        Feb 22, 2022 to Mar 31, 2022
      • Pooled vehicle RAUM · $6.5B to $6.3B
        Feb 22, 2022 to Mar 31, 2022
      • RAUM · $6.5B to $6.3B
        Feb 22, 2022 to Mar 31, 2022
      • Accounts · 25 to 29
        Apr 28, 2020 to Mar 31, 2021
      • Pooled vehicle clients · 25 to 29
        Apr 28, 2020 to Mar 31, 2021
      • Private funds · 7 to 8
        Apr 28, 2020 to Mar 31, 2021
      • Discretionary RAUM · $5.5B to $6.5B
        Apr 28, 2020 to Mar 31, 2021
      Signals
      11 dated events
      • F•• R••• E••••• A••••••• G••••• L•• reported RAUM $7.7B, up 36% from $5.7B (2025-01-30 to 2025-03-29)
        Mar 29, 2025 · RAUM change · derived
      • F•• R••• E••••• A••••••• G••••• L•• reported RAUM $5.7B, down 29% from $7.9B (2023-05-30 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • K••••• K••••••• M••••• (Chief Compliance Officer) appeared on Schedule A of F•• R••• E••••• A••••••• G••••• L••
        May 30, 2023 · Control person joined · fact
      • Ann Heidi Johnson (Chief Compliance Officer (Cco)) no longer on Schedule A of F•• R••• E••••• A••••••• G••••• L•• (listed 2023-03-31, absent 2023-05-30)
        May 30, 2023 · Control person left · inference
      • F•• R••• E••••• A••••••• G••••• L•• reported RAUM $7.9B, up 26% from $6.3B (2023-02-10 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Ann Heidi Johnson (Chief Compliance Officer (Cco)) appeared on Schedule A of F•• R••• E••••• A••••••• G••••• L••
        Feb 10, 2023 · Control person joined · fact
      • F•• R••• E••••• A••••••• G••••• L•• reported RAUM $5.5B, up 28% from $4.3B (2019-10-25 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • F•• R••• E••••• A••••••• G••••• L•• reported RAUM $4.3B, up 427% from $813.2M (2019-03-29 to 2019-10-25)
        Oct 25, 2019 · RAUM change · derived
      • F•• R••• E••••• A••••••• G••••• L•• reported RAUM $813.2M, up 181% from $289.3M (2018-03-28 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • F•• R••• E••••• A••••••• G••••• L•• reported RAUM $289.3M, up 158% from $112.1M (2017-06-02 to 2018-03-28)
        Mar 28, 2018 · RAUM change · derived
      • F•• R••• E••••• A••••••• G••••• L•• filed its initial SEC registration (Form ADV)
        Apr 10, 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/fpamultifamilyreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      949-399-2500reportedpublic record, Form ADV, Mar 31, 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

      F•• R••• E••••• A••••••• G••••• 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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