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.

Former SEC-registered adviser

Gsa, LLC

Former SEC-registered adviserNew York, New YorkCRD 298635SEC 801-114444IAPD
Latest filing Jan 20, 2023
First filing on the tape Nov 15, 2018 · 7 filings
RAUM
n/a
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1
0 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM: no history
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2022
Mar 31, 20190 then
Employees (5.A)1 as of Mar 31, 2022
Mar 31, 20192 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Jan 20, 2023; 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
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, 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
unknownderivedbetween 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, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
n/areported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Andrew Robert Saperstein · Chief Compliance Officercontrol
        since 01/2023 · owns less than 5%
      Entity owners
      • Guggenheim Funds Services, LLC · Member
        direct · owns 75% or more
      • Consolidated Investment Services, Inc. · Shareholder
        indirect · owns 75% or more of Sammons Equity Alliance, Inc.
      • Gi Holdco II LLC · Member
        indirect · owns 75% or more of Gi Holdco LLC
      • Gi Holdco LLC · Member
        indirect · owns 75% or more of Guggenheim Partners Investment Management Holdings, LLC
      • Gmi Gpimh, LLC · Managing Member
        indirect · owns F of Guggenheim Partners Investment Management Holdings, LLC
      • Greatbanc Trust Company, Trustee · Trustee
        indirect · owns F of Sammons Enterprises, Inc. Esot
      • Guggenheim Capital, LLC · Member
        indirect · owns 75% or more of Guggenheim Partners, LLC
      • Guggenheim Capital, LLC · Shareholder
        indirect · owns 75% or more of Guggenheim Manager, Inc.
      • Guggenheim Manager, Inc. · Member
        indirect · owns 75% or more of Gmi Gpimh, LLC
      • Guggenheim Partners Investment Management Holdings, LLC · Member
        indirect · owns 75% or more of Guggenheim Funds Services, LLC
      • Guggenheim Partners, LLC · Member
        indirect · owns 75% or more of Gi Holdco II LLC
      • Sage Assets, Inc. · Member
        indirect · owns 25% to 50% of Guggenheim Capital, LLC
      • Sammons Enterprises, Inc. · Shareholder
        indirect · owns 75% or more of Consolidated Investment Services, Inc.
      • Sammons Enterprises, Inc. Esot · Shareholder
        indirect · owns 75% or more of Sammons Enterprises, Inc.
      • Sammons Equity Alliance, Inc. · Shareholder
        indirect · owns 75% or more of Sage Assets, Inc.
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Employees · 2 to 1
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 1 to 0
        Nov 15, 2018 to Mar 31, 2019
      • Business name · GSE ADVISOR LLC to GSA, LLC
        Nov 15, 2018 to Mar 31, 2019
      • Employees · 3 to 2
        Nov 15, 2018 to Mar 31, 2019
      • Legal name · GSE ADVISOR LLC to GSA, LLC
        Nov 15, 2018 to Mar 31, 2019
      Signals
      5 dated events
      • Andrew Robert Saperstein (Chief Compliance Officer) appeared on Schedule A of Gsa, Llc
        Jan 20, 2023 · Control person joined · fact
      • Trevor Robert Jee (Chief Compliance Officer) no longer on Schedule A of Gsa, Llc (listed 2022-03-31, absent 2023-01-20)
        Jan 20, 2023 · Control person left · inference
      • Maurice Kevin Robinson (Chief Legal Officer) no longer on Schedule A of Gsa, Llc (listed 2021-03-31, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Hans Kevin Gundersen (Chief Executive Officer) no longer on Schedule A of Gsa, Llc (listed 2018-11-15, absent 2019-03-31)
        Mar 31, 2019 · Control person left · inference
      • Gse Advisor Llc filed its initial SEC registration (Form ADV)
        Nov 15, 2018 · 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