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
National Private Shares, Inc.
Latest filing Nov 4, 2019
First filing on the tape Dec 21, 2018 · 6 filings
RAUM
$486M
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
8
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
32
$482M gross assets
History
6 filings and snapshots on the tape
RAUM$486M as of Nov 4, 2019
Dec 21, 2018$486M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Nov 4, 2019
Dec 21, 20180 then
Employees (5.A)8 as of Nov 4, 2019
Dec 21, 20188 then
Private funds32 as of Nov 4, 2019
Dec 21, 201832 then
Practice profile
derived from the filing of Nov 4, 2019; 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
- $12.5MderivedRAUM 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
- unknownderived2 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, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $486M, 39 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)
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$486M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 39reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $486M for 39 clientsreported
- Compensation
- % of AUM, 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
Private funds
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Innovation X Holdings Qp, LLC Series 2018-2 (Pinterest) | Private Equity Fund | $60.4M | 487 | Dec 21, 2018 |
| Innovation X Holdings Qp, LLC Series 2018-4 (Lyft) | Private Equity Fund | $21.7M | 197 | Dec 21, 2018 |
| Nsc Biotech Opportunities Qp Fund, LLC | Private Equity Fund | $17.0M | 84 | Dec 21, 2018 |
| Innovation X Holdings Qp, LLC Series 2018-3 (Spacex) | Private Equity Fund | $8.4M | 71 | Dec 21, 2018 |
| Innovation X Holdings II, LLC Series 2018-2 (Pinterest) | Private Equity Fund | $8.0M | 100 | Dec 21, 2018 |
| Nam Special Situations Fund Vi LLC Series V1 | Private Equity Fund | $6.9M | 91 | Dec 21, 2018 |
| Nsc Biotech Opportunities Fund, LLC | Private Equity Fund | $5.2M | 51 | Dec 21, 2018 |
| Media Ventures Fund I, LLC | Private Equity Fund | $0 | 100 | Dec 2, 2016 |
Owners and control persons
Schedule A and B, latest filing
- Gerard Harold Chaffee · Chief Compliance Officercontrolsince 10/2018 · owns less than 5%
- Charles John Desena · Secretarycontrolsince 10/2018 · owns less than 5%
- Lawrence William Groeneveld · Vice Presidentcontrolsince 10/2018 · owns less than 5%
- Edward Henry Kaplan · President & Chief Operating Officercontrolsince 10/2018 · owns less than 5%
- A John Koenigsberg · Director Of Operationscontrolsince 10/2018 · owns less than 5%
- David Thomas Kowalczyk · Chief Executive Officer, Directorcontrolsince 10/2018 · owns less than 5%
- Anthony Michael Mullen · Director, Executive Chairmancontrolsince 10/2018 · owns less than 5%
- Daniel Ortega · Chief Supervisory Officercontrolsince 04/2019 · owns less than 5%
- Kenneth Donald Runkle · Chief Regulatory Officercontrolsince 04/2019 · owns less than 5%
- Tovar Natalia Watson · Treasurercontrolsince 10/2018 · owns less than 5%
- Charles Glenn Worman · Directorcontrolsince 10/2018 · owns less than 5%
Entity owners
- National Holdings Corporation · Parent Companydirect · owns 75% or more
- B.Riley Financial, Inc · Shareholder ( Common Stock)indirect · owns 25% to 50% of National Holdings Corporation · public reporting company
- Nhc Holdings LLC · Shareholder (Common Stock)indirect · owns 25% to 50% of National Holdings Corporation
Related persons
Schedule D 7.A
- Gilman Ciocia, Inc.insurancen
- Innovation X Management II LLCpooled vehicle sponsory
- Innovation X Management LLCpooled vehicle sponsory
- Media Ventures Management LLCpooled vehicle sponsory
- Nam Biotech Management LLCpooled vehicle sponsory
- Nam Biotech Management LLCpooled vehicle sponsorn
- Nam Special Situations Management LLCpooled vehicle sponsory
- B. Riley Wealth Advisors, Inc.investment advisernRAUM $4.2B
- National Insurance Corporationreal estaten
- National Securities Corporationbroker-dealern
- Nsc Biotech Opportunities Management Associates, LLCpooled vehicle sponsorn
- Nsc Biotech Venture Fund Management Associates LLCpooled vehicle sponsory
- Powermat Partners Management Associates, LLCpooled vehicle sponsory
- Truncatus Management LLCpooled vehicle sponsory
- Tsif Management Associates LLCpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
- New York, NY8 employees
What changed
consecutive filings, newest first
- HQ city · SEATTLE to BOCA RATONFeb 5, 2019 to Apr 15, 2019
- HQ state · WA to FLFeb 5, 2019 to Apr 15, 2019
Signals
3 dated events
- Daniel Ortega (Chief Supervisory Officer) appeared on Schedule A of National Private Shares, Inc.Apr 15, 2019 · Control person joined · fact
- Alison Kay Johnson (Vice President, Director) no longer on Schedule A of National Private Shares, Inc. (listed 2019-02-05, absent 2019-04-15)Apr 15, 2019 · Control person left · inference
- National Private Shares, Inc. filed its initial SEC registration (Form ADV)Dec 21, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- National Private Shares, Inc. · Private Equityshared crd · organization
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