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.
SEC-registered adviser
Gamma Asset Management LLC
Latest filing Sep 17, 2026
First filing on the tape Feb 22, 2024 · 11 filings
SEC status approved since Mar 27, 2024
RAUM
$425M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
11%
$47.7M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$70.8M
derived; firm RAUM over IAPD count
Employees
13
8 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$425M as of Feb 24, 2026
Feb 28, 2025$269M then
HNW client RAUM$29.1M as of Feb 24, 2026
Feb 28, 2025$20.5M then
State-registered IARs (5.B.3)9 as of Feb 24, 2026
Feb 28, 20257 then
Employees (5.A)13 as of Feb 24, 2026
Feb 28, 202510 then
Private funds: no history
RAUM +58% over the last fiscal yearIARs 7 to 9offices 0 to 1
Practice profile
derived from the filing of Sep 17, 2026; every figure names its basis
Archetypes, each a printed rule
- Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- RAUM per advisor
- $70.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 11derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.4MderivedHNW RAUM over HNW clients
- Average account
- $3.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.2derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +58%derivedbetween the last two annual amendments
- Advisor growth, one year
- +29%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +19%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- 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 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
- Corporations and businesses$340M80%
- Pooled investment vehicles$36.4M8.6%
- High-net-worth individuals$29.1M6.9%
- Individuals$18.6M4.4%
- Banks and thrifts$981,6570.2%
- Individual clients
- 51reported
- HNW clients
- 12reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 108reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.11 fund_share=0.09 institutional_share=0.0 related_bd=true related_bank=false bd_reps=6.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Manuel Pelayo Troncoso AcebalChartered Financial Analyst | San Juan, Pr | Feb 5, 2021 | 12 y | 2 |
| Douglas James RomanChartered Financial Analyst | Bryn Mawr, Pa | Feb 2, 2022 | 33 y | 1 |
| Luis Enrique Neumann Gonzalez | San Juan, Pr | Nov 1, 2024 | 27 y | 0 |
| Maria Gabriella Liriano Moronta | Punta Cana | Feb 21, 2025 | 11 y | 0 |
| Jose L Llanio Reyes | San Juan, Pr | Sep 23, 2025 | 10 y | 1 |
| Rodrigo Jose Sanchez Ramos | Santo Domingo | Sep 1, 2026 | 13 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Raul Markos to Alliancebernstein L.P.Jun 21, 2023 · Other
Joined, latest
- Jose L Llanio Reyes from Morgan StanleySep 23, 2025 · Wirehouse to independent RIA
- Douglas James Roman from Legacy Investment Advisors, LLCFeb 2, 2022 · Other
- Manuel Pelayo Troncoso Acebal from Creand ManagementFeb 5, 2021 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- David Galarza-Sosa · Chief Compliance Officercontrolsince 04/2022 · owns less than 5%
- Santiago Navio Lorence · Shareholdercontrolsince 04/2021 · owns 25% to 50% of Gamma International Bank, Inc.
- Javier Jose Tejada Reynoso · Shareholdercontrolsince 07/2018 · owns 75% or more of Pinecrest Holding, S.A.
- Pelayo Manuel Troncoso Acebal · Chief Executive Officersince 06/2021 · owns less than 5%
Entity owners
- Gamma International Bank, Inc. · 100% Ownerdirect · owns 75% or more
- Pinecrest Holding, S.A. · Shareholderindirect · owns 75% or more of Gamma International Bank, Inc.
Related persons
Schedule D 7.A
- Gamma Securities, LLCbroker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Juan, Pr · principal | 6 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- client mix shiftChange between filings · filing Feb 24, 2026private-client share of RAUM moved from 26.0% to 11.0% between the annual amendments of 2025-03-14 and 2026-02-24peers: other advisers, $100M to $500M (212)
What changed
consecutive filings, newest first
- Financial planning clients · to unsetFeb 24, 2026 to Sep 17, 2026
- Succession · false to unsetFeb 24, 2026 to Sep 17, 2026
- Accounts · 87 to 108Mar 14, 2025 to Feb 24, 2026
- Advisory employees · 7 to 8Mar 14, 2025 to Feb 24, 2026
- BD registered reps · 3 to 6Mar 14, 2025 to Feb 24, 2026
- Corporate clients · 32 to 39Mar 14, 2025 to Feb 24, 2026
- HNW clients · 14 to 12Mar 14, 2025 to Feb 24, 2026
- Individual clients · 39 to 51Mar 14, 2025 to Feb 24, 2026
- Employees · 10 to 13Mar 14, 2025 to Feb 24, 2026
- State-registered IARs · 7 to 9Mar 14, 2025 to Feb 24, 2026
- Other offices · 0 to 1Mar 14, 2025 to Feb 24, 2026
- Discretionary RAUM · $262M to $417MMar 14, 2025 to Feb 24, 2026
- HNW RAUM · $20.5M to $29.1MMar 14, 2025 to Feb 24, 2026
- Individual RAUM · $50.4M to $18.6MMar 14, 2025 to Feb 24, 2026
- Non-discretionary RAUM · $7.0M to $7.3MMar 14, 2025 to Feb 24, 2026
- Pooled vehicle RAUM · $11.3M to $36.4MMar 14, 2025 to Feb 24, 2026
- RAUM · $269M to $425MMar 14, 2025 to Feb 24, 2026
- Financial planning clients · unset to Feb 28, 2025 to Mar 14, 2025
- Accounts · 96 to 87Dec 17, 2024 to Feb 28, 2025
- Corporate clients · 30 to 32Dec 17, 2024 to Feb 28, 2025
- Pooled vehicle clients · 0 to 1Dec 17, 2024 to Feb 28, 2025
- Assets in custody · 56421446.0 to unsetDec 17, 2024 to Feb 28, 2025
- Custody of client assets · true to falseDec 17, 2024 to Feb 28, 2025
- Discretionary RAUM · $237M to $262MDec 17, 2024 to Feb 28, 2025
- HNW RAUM · $21.1M to $20.5MDec 17, 2024 to Feb 28, 2025
- Individual RAUM · $48.4M to $50.4MDec 17, 2024 to Feb 28, 2025
- Non-discretionary RAUM · $6.7M to $7.0MDec 17, 2024 to Feb 28, 2025
- Pooled vehicle RAUM · unset to 11267238.0Dec 17, 2024 to Feb 28, 2025
- RAUM · $244M to $269MDec 17, 2024 to Feb 28, 2025
- Accounts · 57 to 96Oct 31, 2024 to Dec 17, 2024
- Advisory employees · 3 to 7Oct 31, 2024 to Dec 17, 2024
- Corporate clients · 21 to 30Oct 31, 2024 to Dec 17, 2024
- HNW clients · 13 to 14Oct 31, 2024 to Dec 17, 2024
- Individual clients · 23 to 39Oct 31, 2024 to Dec 17, 2024
- Assets in custody · unset to 56421446.0Oct 31, 2024 to Dec 17, 2024
- Custody of client assets · false to trueOct 31, 2024 to Dec 17, 2024
- Employees · 8 to 10Oct 31, 2024 to Dec 17, 2024
- State-registered IARs · 0 to 7Oct 31, 2024 to Dec 17, 2024
- Discretionary RAUM · $97.1M to $237MOct 31, 2024 to Dec 17, 2024
- HNW RAUM · $9.5M to $21.1MOct 31, 2024 to Dec 17, 2024
Signals
4 dated events
- Gamma Asset Management Llc reported RAUM $424.8M, up 58% from $269.2M (2025-03-14 to 2026-02-24)Feb 24, 2026 · RAUM change · derived
- Gamma Asset Management Llc reported RAUM $244.1M, up 143% from $100.6M (2024-10-31 to 2024-12-17)Dec 17, 2024 · RAUM change · derived
- Gamma Asset Management Llc filed its initial SEC registration (Form ADV)Feb 22, 2024 · First SEC registration · fact
- Raul Markos left Gamma Asset Management Llc for Alliancebernstein L.P. (registered 2025-04-29)Jun 21, 2023 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/gamma-international-bank-lncreportedpublic record, Form ADV, Sep 18, 2026
- Website
- gammaam.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 787-957-3260reportedpublic record, Form ADV, Sep 17, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $70.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026