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)New York, New YorkCRD 290418SEC 801-112179websiteIAPD
Latest filing Apr 27, 2026
First filing on the tape Nov 15, 2017 · 21 filings
SEC status approved since Dec 14, 2017
RAUM
$284M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$94.6M
derived; firm RAUM over IAPD count
Employees
9
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$284M as of Apr 27, 2026
Mar 14, 2018$188M then
HNW client RAUM: no history
State-registered IARs (5.B.3)4 as of Apr 27, 2026
Mar 14, 20180 then
Employees (5.A)9 as of Apr 27, 2026
Mar 14, 20187 then
Private funds2 as of Apr 27, 2026
Mar 28, 20192 then
RAUM -21% over the last fiscal year+19% a year over threeIARs 4 to 4offices 0 to 1
Practice profile
derived from the filing of Apr 27, 2026; every figure names its basis
RAUM per advisor
$94.6MderivedRAUM 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
$142MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-21%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 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 vehiclesreportedItem 5.G
Custody
$284M, 2 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$284M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$284M for 2 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
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
H••••• L• W•••New York, NyMar 28, 202110 y0
W•••••• T••••• E•••• D•••••New York, NyNov 8, 202118 y0
D••• S••• D••••London Nov 13, 202111 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      E••• C•••••• P•••••••• L•••Private Equity Fund$184M8Mar 28, 2019
      E••• C•••••• P••••••• I•• L•Private Equity Fund$108M9Mar 19, 2024
      E••• C•••••• S••••••••• M••••• F••• L•no longer reportedHedge Fund$93.7M2Mar 28, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • D••••• D•••• S••• · Chief Executive Officercontrol
        since 11/2015 · owns less than 5%
      • D••••• D•••• S••• · Owner/Presidentcontrol
        since 11/2015 · owns 75% or more of E••• C•••••• S•••
      • G•••••••• F••••• J• · Chief Financial Officer/Chief Compliance Officer
        since 11/2022 · owns less than 5%
      Entity owners
      • E••• C•••••• S••• · Managing Member/Corporate Owner Swiss Corporation
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • E••• C•••••• P••••••• G•
        pooled vehicle sponsorn
      • E••• C•••••• P••••••• I•• L•
        pooled vehicle sponsory
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      New York, Ny · principal300
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 18 to 2
        Mar 24, 2025 to Mar 26, 2026
      • Advisory employees · 6 to 7
        Mar 24, 2025 to Mar 26, 2026
      • Assets in custody · unset to 283762599.0
        Mar 24, 2025 to Mar 26, 2026
      • Custody of client assets · false to true
        Mar 24, 2025 to Mar 26, 2026
      • Other offices · 0 to 1
        Mar 24, 2025 to Mar 26, 2026
      • Discretionary RAUM · $360M to $284M
        Mar 24, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $360M to $284M
        Mar 24, 2025 to Mar 26, 2026
      • RAUM · $360M to $284M
        Mar 24, 2025 to Mar 26, 2026
      • Accounts · 2 to 18
        Oct 1, 2024 to Mar 24, 2025
      • Assets in custody · 29852.0 to unset
        Oct 1, 2024 to Mar 24, 2025
      • Custody of client assets · true to false
        Oct 1, 2024 to Mar 24, 2025
      • Financial planning clients · unset to
        Oct 1, 2024 to Mar 24, 2025
      • State-registered IARs · 3 to 4
        Oct 1, 2024 to Mar 24, 2025
      • Discretionary RAUM · $292M to $360M
        Oct 1, 2024 to Mar 24, 2025
      • Pooled vehicle RAUM · $292M to $360M
        Oct 1, 2024 to Mar 24, 2025
      • RAUM · $292M to $360M
        Oct 1, 2024 to Mar 24, 2025
      • Accounts · 1 to 2
        May 18, 2023 to Mar 19, 2024
      • Advisory employees · 4 to 6
        May 18, 2023 to Mar 19, 2024
      • Pooled vehicle clients · 1 to 2
        May 18, 2023 to Mar 19, 2024
      • Assets in custody · $160M to $29,852
        May 18, 2023 to Mar 19, 2024
      • Employees · 5 to 9
        May 18, 2023 to Mar 19, 2024
      • Private funds · 1 to 2
        May 18, 2023 to Mar 19, 2024
      • Discretionary RAUM · $169M to $292M
        May 18, 2023 to Mar 19, 2024
      • Pooled vehicle RAUM · $169M to $292M
        May 18, 2023 to Mar 19, 2024
      • RAUM · $169M to $292M
        May 18, 2023 to Mar 19, 2024
      • Assets in custody · $114M to $160M
        Dec 20, 2022 to Mar 1, 2023
      • Employees · 7 to 5
        Dec 20, 2022 to Mar 1, 2023
      • Discretionary RAUM · $114M to $169M
        Dec 20, 2022 to Mar 1, 2023
      • Pooled vehicle RAUM · $114M to $169M
        Dec 20, 2022 to Mar 1, 2023
      • RAUM · $114M to $169M
        Dec 20, 2022 to Mar 1, 2023
      • Advisory activities · 2 to 1
        Nov 4, 2021 to Mar 3, 2022
      • Assets in custody · $49.6M to $114M
        Nov 4, 2021 to Mar 3, 2022
      • State-registered IARs · 0 to 3
        Nov 4, 2021 to Mar 3, 2022
      • Discretionary RAUM · $85.0M to $114M
        Nov 4, 2021 to Mar 3, 2022
      • Pooled vehicle RAUM · $85.0M to $114M
        Nov 4, 2021 to Mar 3, 2022
      • RAUM · $85.0M to $114M
        Nov 4, 2021 to Mar 3, 2022
      • Accounts · 2 to 1
        May 7, 2020 to Feb 23, 2021
      • Advisory employees · 5 to 4
        May 7, 2020 to Feb 23, 2021
      • Pooled vehicle clients · 2 to 1
        May 7, 2020 to Feb 23, 2021
      • Assets in custody · unset to 49571189.0
        May 7, 2020 to Feb 23, 2021
      Signals
      3 dated events
      • E••• C•••••• M••••••••• L•• reported RAUM $292.0M, up 73% from $168.6M (2023-05-18 to 2024-03-19)
        Mar 19, 2024 · RAUM change · derived
      • Kenneth Merlo (Vice President/Chief Compliance Officer) no longer on Schedule A of E••• C•••••• M••••••••• L•• (listed 2018-03-14, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      • E••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Nov 15, 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
      Website
      E•••CP.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      212-588-9000reportedpublic record, Form ADV, Apr 27, 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
      $94.6Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026