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
V•••••• I•••••••••
Legal name V•••••• I••••••••• L••
Latest filing May 29, 2026
First filing on the tape Jul 24, 2017 · 19 filings
SEC status approved since May 30, 2018
RAUM
$2.6B
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
33
32 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$2.6B as of May 29, 2026
Mar 13, 2019$39.0M then
HNW client RAUM$0 as of May 29, 2026
Mar 13, 2019$0 then
State-registered IARs (5.B.3)0 as of May 29, 2026
Mar 13, 20190 then
Employees (5.A)33 as of May 29, 2026
Mar 13, 20195 then
Private funds1 as of May 29, 2026
Feb 20, 20261 then
RAUM -12% over the last fiscal year+3.2% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 29, 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
- $660MderivedRAUM 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
- -8.2%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 pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- yesreportedItem 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- 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
- Investment companies$2.6B99%
- Pooled investment vehicles$20.1M0.8%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 4reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 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=5.0derived
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)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| V•••••• A••••••••• I••••• F••• L•no longer reported | Hedge Fund | $18.5M | 10 | Nov 8, 2017 |
Owners and control persons
Schedule A and B, latest filing
- C•••• K••••••• A••• · Chief Operations Officercontrolsince 10/2023 · owns less than 5%
- E•••••••• R•••••• W•••••• · Managing Membercontrolsince 07/2017 · owns 10% to 25%
- F•••••• C•••••• N••• · Managing Membercontrolsince 07/2017 · owns 10% to 25%
- H••••• J•••••• B••••••• · Managing Membercontrolsince 07/2017 · owns 10% to 25%
- K•••••• B••••• L••• · Membercontrolsince 09/2017 · owns less than 5%
- Z••• L••• · Chief Compliance Officercontrolsince 04/2023 · owns less than 5%
- Z••••••• J•••••• C• · Membercontrolsince 09/2017 · owns 5% to 10%
- P•••••••• S••••••• A• · Trusteecontrolsince 09/2017 · owns 25% to 50% of P•• S•••••• L••••• T••••
- P•••• B••••• A•••••• · General Counselsince 09/2024 · owns less than 5%
Entity owners
- B••• I••••••••• L•• · Memberdirect · owns 25% to 50%
- K••• I••••••••• U•• L•• · Memberdirect · owns 25% to 50%
- K••• I••••••••• H•••••••• L•• · Memberindirect · owns 75% or more of K••• I••••••••• U•• L••
- K••• I••••••••• M••••••••• L•• · Memberindirect · owns 75% or more of K••• I••••••••• H•••••••• L••
- P•• S•••••• L••••• T•••• · Ownerindirect · owns 25% to 50% of B••• I••••••••• L••
- W• R••••• L•• · Shareholderindirect · owns 25% to 50% of K••• I••••••••• M••••••••• L••
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 · 29 to 32Feb 20, 2026 to May 29, 2026
- Employees · 30 to 33Feb 20, 2026 to May 29, 2026
- Discretionary RAUM · $2.8B to $2.6BFeb 20, 2026 to May 29, 2026
- RAUM · $2.8B to $2.6BFeb 20, 2026 to May 29, 2026
- Accounts · 3 to 4Mar 10, 2025 to Feb 20, 2026
- Advisory employees · 28 to 29Mar 10, 2025 to Feb 20, 2026
- Advisory activities · 1 to 2Mar 10, 2025 to Feb 20, 2026
- Pooled vehicle clients · 0 to 1Mar 10, 2025 to Feb 20, 2026
- Assets in custody · unset to 0.0Mar 10, 2025 to Feb 20, 2026
- Custody of client assets · false to trueMar 10, 2025 to Feb 20, 2026
- Employees · 29 to 30Mar 10, 2025 to Feb 20, 2026
- Private funds · unset to 1Mar 10, 2025 to Feb 20, 2026
- Discretionary RAUM · $3.0B to $2.8BMar 10, 2025 to Feb 20, 2026
- Pooled vehicle RAUM · $0 to $20.1MMar 10, 2025 to Feb 20, 2026
- RAUM · $3.0B to $2.8BMar 10, 2025 to Feb 20, 2026
- Advisory employees · 27 to 28Nov 5, 2024 to Mar 10, 2025
- Employees · 28 to 29Nov 5, 2024 to Mar 10, 2025
- Financial planning clients · 0 to 0Nov 5, 2024 to Mar 10, 2025
- Discretionary RAUM · $3.0B to $3.0BNov 5, 2024 to Mar 10, 2025
- RAUM · $3.0B to $3.0BNov 5, 2024 to Mar 10, 2025
- Accounts · 2 to 3Jul 10, 2024 to Nov 5, 2024
- Advisory employees · 23 to 27Jul 10, 2024 to Nov 5, 2024
- Employees · 24 to 28Jul 10, 2024 to Nov 5, 2024
- Discretionary RAUM · $3.0B to $3.0BJul 10, 2024 to Nov 5, 2024
- RAUM · $3.0B to $3.0BJul 10, 2024 to Nov 5, 2024
- BD registered reps · 4 to 5Jan 31, 2024 to Jul 10, 2024
- Discretionary RAUM · $3.0B to $3.0BJan 31, 2024 to Jul 10, 2024
- RAUM · $3.0B to $3.0BJan 31, 2024 to Jul 10, 2024
- Discretionary RAUM · $3.1B to $3.0BNov 20, 2023 to Jan 31, 2024
- RAUM · $3.1B to $3.0BNov 20, 2023 to Jan 31, 2024
- Advisory employees · 16 to 23Apr 25, 2023 to Nov 20, 2023
- BD registered reps · 2 to 4Apr 25, 2023 to Nov 20, 2023
- Employees · 17 to 24Apr 25, 2023 to Nov 20, 2023
- Discretionary RAUM · $2.6B to $3.1BApr 25, 2023 to Nov 20, 2023
- RAUM · $2.6B to $3.1BApr 25, 2023 to Nov 20, 2023
- Advisory employees · 13 to 16Feb 9, 2023 to Apr 25, 2023
- Employees · 14 to 17Feb 9, 2023 to Apr 25, 2023
- Discretionary RAUM · $2.4B to $2.6BFeb 9, 2023 to Apr 25, 2023
- RAUM · $2.4B to $2.6BFeb 9, 2023 to Apr 25, 2023
- Advisory employees · 15 to 13Sep 16, 2022 to Feb 9, 2023
Signals
7 dated events
- Anne Kristin Cook (Chief Operations Officer) appeared on Schedule A of V•••••• I•••••••••Nov 20, 2023 · Control person joined · fact
- L••• Zhu (Chief Compliance Officer) appeared on Schedule A of V•••••• I•••••••••Apr 25, 2023 · Control person joined · fact
- V•••••• I••••••••• reported RAUM $2.1B, up 32% from $1.6B (2022-02-24 to 2022-09-16)Sep 16, 2022 · RAUM change · derived
- V•••••• I••••••••• reported RAUM $1.6B, up 132% from $700.0M (2021-02-16 to 2022-02-24)Feb 24, 2022 · RAUM change · derived
- V•••••• I••••••••• reported RAUM $700.0M, up 77% from $395.0M (2020-07-01 to 2021-02-16)Feb 16, 2021 · RAUM change · derived
- A S•••••• P••••••• (Trustee) appeared on Schedule A of V•••••• I•••••••••Jul 1, 2020 · Control person joined · fact
- V•••••• I••••••••• filed its initial SEC registration (Form ADV)Jul 24, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- V•••••• I••••••••• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/variant-investments-llc/mycompanyreportedpublic record, Form ADV, Sep 18, 2026
- Website
- V••••••INVESTMENTS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 503.563.0700reportedpublic record, Form ADV, May 29, 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