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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Former SEC-registered adviser

B•••• I••••••••• U••• L••

Former SEC-registered adviserNew York, New YorkCRD 288370SEC 801-110510IAPD
Latest filing May 10, 2023
First filing on the tape Apr 21, 2017 · 43 filings
RAUM
$36.5M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$36.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$36.5M as of Mar 30, 2023
Mar 13, 2018$74.5M then
HNW client RAUM$15.7M as of Mar 30, 2023
Mar 13, 2018$40.2M then
State-registered IARs (5.B.3)5 as of Mar 30, 2023
Mar 13, 20183 then
Employees (5.A)7 as of Mar 30, 2023
Mar 13, 20187 then
Private funds: no history
RAUM -31% over the last fiscal year-30% a year over threeIARs 5 to 5
Practice profile
derived from the filing of May 10, 2023; every figure names its basis
RAUM per advisor
$7.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
16derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.2MderivedHNW RAUM over HNW clients
Average account
$461,674derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
2.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-31%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-12%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, pension consultingreportedItem 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$20.8M57%
  • High-net-worth individuals$15.7M43%
Individual clients
66reported
HNW clients
13reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
79reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • A•••••••• L••••• A•••••• · Chief Compliance Officercontrol
      since 02/2018 · owns less than 5%
    • L••••••••• R••••••• W••••• · Chief Executive Officercontrol
      since 07/2••• · owns less than 5%
    • D•••••••• M••• · Shareholdercontrol
      since 12/2022 · owns 75% or more of B•••• A••••••• H••••••• L••••••
    Entity owners
    • B•••• A•••••••• L•• · Member
      direct · owns 75% or more
    • B•• 2••• L•• ••••• B•••• A••••••• H••••••• L•••• · Shareholder
      indirect · owns 75% or more of B•••• A•••••••• L••
    • B•••• A••••••• H••••••• L•••••• · Shareholder
      indirect · owns 75% or more of B•• 2••• L•• ••••• B•••• A••••••• H••••••• L••••
    Related persons
    Schedule D 7.A
    • B•••• A••••••• L•• ••••• T••••••••• A••••••• L•••
      investment advisern
    • C•• F•••••••• P••••••• L••
      insurancen
    Offices
    Schedule D 1.F, the 25 largest
    • Nassau, Bahamas, The1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 90 to 79
      Aug 23, 2022 to Mar 30, 2023
    • Advisory employees · 4 to 5
      Aug 23, 2022 to Mar 30, 2023
    • Business name · T••••••••• A•••••••• L•• to B•••• I••••••••• U••• L••
      Aug 23, 2022 to Mar 30, 2023
    • Individual clients · 77 to 66
      Aug 23, 2022 to Mar 30, 2023
    • Employees · 6 to 7
      Aug 23, 2022 to Mar 30, 2023
    • State-registered IARs · 4 to 5
      Aug 23, 2022 to Mar 30, 2023
    • HNW RAUM · $20.0M to $15.7M
      Aug 23, 2022 to Mar 30, 2023
    • Individual RAUM · $33.0M to $20.8M
      Aug 23, 2022 to Mar 30, 2023
    • Non-discretionary RAUM · $53.1M to $36.5M
      Aug 23, 2022 to Mar 30, 2023
    • RAUM · $53.1M to $36.5M
      Aug 23, 2022 to Mar 30, 2023
    • Advisory employees · 5 to 4
      Mar 30, 2022 to Aug 23, 2022
    • Employees · 7 to 6
      Mar 30, 2022 to Aug 23, 2022
    • Insurance-licensed employees · 2 to 0
      Mar 30, 2022 to Aug 23, 2022
    • State-registered IARs · 5 to 4
      Mar 30, 2022 to Aug 23, 2022
    • Accounts · 89 to 90
      2•••-08-04 to Mar 30, 2022
    • Advisory employees · 4 to 5
      2•••-08-04 to Mar 30, 2022
    • HNW clients · 14 to 13
      2•••-08-04 to Mar 30, 2022
    • Individual clients · 75 to 77
      2•••-08-04 to Mar 30, 2022
    • Employees · 6 to 7
      2•••-08-04 to Mar 30, 2022
    • State-registered IARs · 4 to 5
      2•••-08-04 to Mar 30, 2022
    • HNW RAUM · $19.7M to $20.0M
      2•••-08-04 to Mar 30, 2022
    • Individual RAUM · $31.2M to $33.0M
      2•••-08-04 to Mar 30, 2022
    • Non-discretionary RAUM · $50.9M to $53.1M
      2•••-08-04 to Mar 30, 2022
    • RAUM · $50.9M to $53.1M
      2•••-08-04 to Mar 30, 2022
    • Accounts · 97 to 89
      2•••-03-30 to 2•••-08-04
    • Advisory employees · 3 to 4
      2•••-03-30 to 2•••-08-04
    • HNW clients · 15 to 14
      2•••-03-30 to 2•••-08-04
    • Individual clients · 82 to 75
      2•••-03-30 to 2•••-08-04
    • Employees · 5 to 6
      2•••-03-30 to 2•••-08-04
    • State-registered IARs · 3 to 4
      2•••-03-30 to 2•••-08-04
    • HNW RAUM · $19.0M to $19.7M
      2•••-03-30 to 2•••-08-04
    • Individual RAUM · $32.5M to $31.2M
      2•••-03-30 to 2•••-08-04
    • Non-discretionary RAUM · $51.6M to $50.9M
      2•••-03-30 to 2•••-08-04
    • RAUM · $51.6M to $50.9M
      2•••-03-30 to 2•••-08-04
    • Legal name · T••••••••• A•••••••• L•• to B•••• I••••••••• U••• L••
      2•••-08-04 to 2•••-08-04
    • Accounts · 112 to 97
      Nov 17, 2020 to 2•••-03-30
    • Advisory activities · 3 to 2
      Nov 17, 2020 to 2•••-03-30
    • HNW clients · 17 to 15
      Nov 17, 2020 to 2•••-03-30
    • Individual clients · 95 to 82
      Nov 17, 2020 to 2•••-03-30
    • Financial planning clients · 11-25 to unset
      Nov 17, 2020 to 2•••-03-30
    Signals
    12 dated events
    • A••••• E••••• F••••••• left B•••• I••••••••• U••• L•• for B•••• A••••••• U••• I••• (registered 2023-07-17)
      Jul 18, 2023 · Advisor changed firm · fact
    • D•••• V•••••• W••••• left B•••• I••••••••• U••• L•• for A•••••• P•••••• W••••• L•• (registered 2024-03-12)
      Jul 18, 2023 · Advisor changed firm · fact
    • M••• D••••••• (Shareholder) appeared on Schedule A of B•••• I••••••••• U••• L••
      May 10, 2023 · Control person joined · fact
    • M•••••• D•••• M•••••• (Shareholder) no longer on Schedule A of B•••• I••••••••• U••• L•• (listed 2023-03-30, absent 2023-05-10)
      May 10, 2023 · Control person left · inference
    • M•••••• T••••• H•••••• left B•••• I••••••••• U••• L•• for B•••• A••••••• U••• I••• (registered 2020-08-04)
      Aug 15, 2022 · Advisor changed firm · fact
    • 2 advisors left B•••• I••••••••• U••• L•• (New York, NY) for B•••• A••••••• U••• I••• on the same day
      Aug 15, 2022 · Team lift-out · derived
    • Z•••••• D•••••• Z••••• left B•••• I••••••••• U••• L•• for B•••• A••••••• U••• I••• (registered 2020-08-04)
      Aug 15, 2022 · Advisor changed firm · fact
    • D•••••• Z•••••• Z••••• (Managing Partner) no longer on Schedule A of B•••• I••••••••• U••• L•• (listed 2•••-03-30, absent 2•••-08-04)
      2•••-08-04 · Control person left · inference
    • W••••• R•••••• L•••••••• (Managing Partner) appeared on Schedule A of B•••• I••••••••• U••• L••
      2•••-08-04 · Control person joined · fact
    • J••• B••••••• A••••••• (Investment Adviser Representative) no longer on Schedule A of B•••• I••••••••• U••• L•• (listed 2020-03-19, absent 2020-06-03)
      Jun 3, 2020 · Control person left · inference
    • M•••••• D•••• M•••••• (Shareholder) appeared on Schedule A of B•••• I••••••••• U••• L••
      Jun 3, 2020 · Control person joined · fact
    • T••••••••• A•••••••• L•• filed its initial SEC registration (Form ADV)
      Apr 21, 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.
    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
    Former SEC-registered adviserderiveda 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