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
P••• I••••••••• A•••••••• L•••••
Latest filing Mar 31, 2026
First filing on the tape Jun 28, 2022 · 11 filings
SEC status approved since Jul 28, 2022
RAUM
$1.9B
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
34
34 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
5
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$1.9B as of Mar 31, 2026
Mar 8, 2023$245M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 8, 20230 then
Employees (5.A)34 as of Mar 31, 2026
Mar 8, 202322 then
Private funds5 as of Mar 31, 2026
Mar 8, 20232 then
RAUM +83% over the last fiscal year+98% a year over threeIARs 1 to 1offices 3 to 1
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $1.9BderivedRAUM 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
- $382MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 34.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +83%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-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$1.9B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 5reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true 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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••••• M•••••••• R••••• P••••••• V• L••• | Real Estate Fund | $184M | 110 | Mar 16, 2021 |
| P•••••••• E••••• P••••••• I•• L••• | Real Estate Fund | $178M | 16 | Apr 21, 2023 |
| P•••••••• M•••••••• R••••• P••••••• I•• L••• | Real Estate Fund | $6.7M | 61 | Jul 18, 2017 |
Owners and control persons
Schedule A and B, latest filing
- B•••••••• L••••••• E•••• · Chair Of The Boardcontrolsince 03/2023 · owns less than 5%
- L••• J•••• W•• · Boardmembercontrolsince 03/2023 · owns less than 5%
- L••••• D••••••• W••••••• · Managing Principalcontrolsince 10/2014 · owns less than 5%
- P•••••• R•••••• S•••••• · Chief Compliance Officercontrolsince 03/2023 · owns less than 5%
- Q•••••• S••••••• R••••• · Chief Executive Officercontrolsince 10/2014 · owns less than 5%
Entity owners
- P•••••••• R••• E•••••• L••••• · Sole Memberdirect · owns 75% or more
- A••••••••• G••••••• S•••• · Shareholderindirect · owns 75% or more of G••••••• I••••••••• H•••••• S••••
- C•••••• • C•••••• · Shareholderindirect · owns 50% to 75% of P•••••••• R••• E•••••• L•••••
- C•••••• H••••••• C••• · Shareholderindirect · owns 75% or more of C•••••• • C••••••
- C•••••• H••••••• L•••••• · Shareholderindirect · owns 75% or more of C•••••• U••• H•••••••• I•••
- C•••••• U••• H•••••••• I••• · Shareholderindirect · owns 75% or more of C•••••• H••••••• C•••
- G••••••• I••••••••• H•••••• S•••• · Shareholderindirect · owns 75% or more of C•••••• H••••••• L••••••
Related persons
Schedule D 7.A
- C•••••• A••• P•••••• L•••••• •••• K••••broker-dealerinvestment advisern
- C•••••• A•••• M••••••••• L••• •••broker-dealerinvestment advisern
- C•••••• I••••••••• P•••••••• I•••broker-dealerinvestment advisernRAUM $572M
- C••••••• I•••investment adviserbanknRAUM $107B
- G••••• E•••••••• A•••• M••••••••• A••investment advisern
- G••••• E•••••••• F••• M••••••••• S••••••••• P••• L•••investment advisern
- G••••• E•••••••• M•••• S•investment adviserpooled vehicle sponsorn
- G••••• E•••••••• U••• L••investment advisernRAUM $1.2B
- G•••••• C•••••• A•••••••• I•••investment adviserbanknRAUM $987M
- O•••••• C••••• I••••••••• L••investment adviserbankpooled vehicle sponsornRAUM $35B
- O•••••• C••••• O••••••••• G•• L••pooled vehicle sponsorn
- O•••••• F•••• G• I•• L••pooled vehicle sponsorn
- O•••••• F•••• G• L••pooled vehicle sponsorn
- O•••••• F•••• I• G• L••pooled vehicle sponsorn
- P•••••••• M•••••••• R••••• P••••••• G• I•• L•••••pooled vehicle sponsorn
- P•••••••• M•••••••• R••••• P••••••• G• V• L•••••pooled vehicle sponsorn
- P•••••••• R••• E••••• S•••••••• L•••••investment companyn
- P•••••••• R••• E•••••• L•••••pooled vehicle sponsory
- P•• G• I• L•••••pooled vehicle sponsorn
- P•• G• I•• L•••••pooled vehicle sponsorn
Advisers that list P••• I••••••••• A•••••••• L••••• as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY2 employees
- Irvine, CA1 employees
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- office count dropChange between filings · filing Mar 31, 2026offices other than the principal office (Item 1.F.5) moved from 3.0 to 1.0 (-67.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was 0.0% (139 comparable advisers, 3.0th percentile of changes)peers: asset managers, $1B to $5B (139) · 2.9% percentile
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $1,042,917,300 to $1,911,327,200 (+83.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 92.0th percentile of changes)peers: asset managers, $1B to $5B (1,368) · 92% percentile
What changed
consecutive filings, newest first
- Accounts · 4 to 5Nov 11, 2025 to Mar 31, 2026
- Advisory employees · 27 to 34Nov 11, 2025 to Mar 31, 2026
- Pooled vehicle clients · 4 to 5Nov 11, 2025 to Mar 31, 2026
- Employees · 27 to 34Nov 11, 2025 to Mar 31, 2026
- Other offices · 3 to 1Nov 11, 2025 to Mar 31, 2026
- Private funds · 4 to 5Nov 11, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.0B to $1.9BNov 11, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.0B to $1.9BNov 11, 2025 to Mar 31, 2026
- RAUM · $1.0B to $1.9BNov 11, 2025 to Mar 31, 2026
- Accounts · 3 to 4May 6, 2024 to Mar 28, 2025
- Advisory employees · 24 to 27May 6, 2024 to Mar 28, 2025
- Pooled vehicle clients · 3 to 4May 6, 2024 to Mar 28, 2025
- Employees · 26 to 27May 6, 2024 to Mar 28, 2025
- Financial planning clients · unset to May 6, 2024 to Mar 28, 2025
- Private funds · 3 to 4May 6, 2024 to Mar 28, 2025
- Discretionary RAUM · $477M to $1.0BMay 6, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $477M to $1.0BMay 6, 2024 to Mar 28, 2025
- RAUM · $477M to $1.0BMay 6, 2024 to Mar 28, 2025
- Advisory employees · 20 to 24Nov 8, 2023 to Mar 27, 2024
- BD registered reps · 0 to 1Nov 8, 2023 to Mar 27, 2024
- Custody of client assets · true to falseNov 8, 2023 to Mar 27, 2024
- Employees · 22 to 26Nov 8, 2023 to Mar 27, 2024
- State-registered IARs · 0 to 1Nov 8, 2023 to Mar 27, 2024
- Other offices · 4 to 3Nov 8, 2023 to Mar 27, 2024
- Discretionary RAUM · $359M to $477MNov 8, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $359M to $477MNov 8, 2023 to Mar 27, 2024
- RAUM · $359M to $477MNov 8, 2023 to Mar 27, 2024
- Other offices · 3 to 4Apr 21, 2023 to Nov 8, 2023
- Accounts · 2 to 3Mar 8, 2023 to Apr 21, 2023
- Pooled vehicle clients · 2 to 3Mar 8, 2023 to Apr 21, 2023
- Private funds · 2 to 3Mar 8, 2023 to Apr 21, 2023
- Discretionary RAUM · $245M to $359MMar 8, 2023 to Apr 21, 2023
- Pooled vehicle RAUM · $245M to $359MMar 8, 2023 to Apr 21, 2023
- RAUM · $245M to $359MMar 8, 2023 to Apr 21, 2023
- Related bank · false to trueMar 8, 2023 to Apr 21, 2023
- Related broker-dealer · false to trueMar 8, 2023 to Apr 21, 2023
- Private funds · 4 to 2Jun 28, 2022 to Mar 8, 2023
- Discretionary RAUM · $153M to $245MJun 28, 2022 to Mar 8, 2023
- Pooled vehicle RAUM · $153M to $245MJun 28, 2022 to Mar 8, 2023
- RAUM · $153M to $245MJun 28, 2022 to Mar 8, 2023
Signals
9 dated events
- P••• I••••••••• A•••••••• L••••• reported RAUM $1.9B, up 83% from $1.0B (2025-11-11 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- P••• I••••••••• A•••••••• L••••• reported RAUM $1.0B, up 119% from $477.0M (2024-05-06 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- P••• I••••••••• A•••••••• L••••• reported RAUM $477.0M, up 33% from $358.6M (2023-11-08 to 2024-03-27)Mar 27, 2024 · RAUM change · derived
- P••• I••••••••• A•••••••• L••••• reported RAUM $358.6M, up 46% from $245.3M (2023-03-08 to 2023-04-21)Apr 21, 2023 · RAUM change · derived
- Wendy Freyer (Chief Compliance Officer) no longer on Schedule A of P••• I••••••••• A•••••••• L••••• (listed 2023-03-08, absent 2023-04-21)Apr 21, 2023 · Control person left · inference
- Stedman Robert Pearce (Chief Compliance Officer) appeared on Schedule A of P••• I••••••••• A•••••••• L•••••Apr 21, 2023 · Control person joined · fact
- Earle Linwood Bradford (Chair Of The Board) appeared on Schedule A of P••• I••••••••• A•••••••• L•••••Apr 21, 2023 · Control person joined · fact
- Won Jung Lee (Boardmember) appeared on Schedule A of P••• I••••••••• A•••••••• L•••••Apr 21, 2023 · Control person joined · fact
- P••• I••••••••• A•••••••• L••••• filed its initial SEC registration (Form ADV)Jun 28, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- P••• I••••••••• A•••••••• L••••• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/pearlmark-real-estatereportedpublic record, Form ADV, Sep 18, 2026
- Website
- pearlmark.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 312-499-1952reportedpublic 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
P••• I••••••••• A•••••••• 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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