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
Equalize Capital LLC
Latest filing Mar 27, 2026
First filing on the tape Feb 4, 2019 · 14 filings
SEC status approved since Feb 14, 2019
RAUM
$39.5M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$7.9M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$39.5M as of Mar 27, 2026
Mar 12, 2020$45.0M then
HNW client RAUM$0 as of Mar 27, 2026
Mar 12, 2020$0 then
State-registered IARs (5.B.3)1 as of Mar 27, 2026
Mar 12, 20203 then
Employees (5.A)4 as of Mar 27, 2026
Mar 12, 20205 then
Private funds1 as of Mar 27, 2026
Mar 4, 20221 then
RAUM -20% over the last fiscal year-16% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
- RAUM per advisor
- $7.9MderivedRAUM 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
- $19.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -20%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 assetsreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$28.7M73%
- Pooled investment vehicles$10.8M27%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=4.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Joseph GladueChartered Financial Analyst | San Juan, Pr | Jan 15, 2025 | 22 y | 1 |
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
- Kenneth Richard Smith to Alden Investment GroupDec 31, 2022 · Other
- Lee Albert Calfo to Alden Investment GroupDec 31, 2022 · Other
- John Francis Mulqueen to Alden Investment GroupDec 31, 2022 · Other
Joined, latest
- Kenneth Richard Smith from Alden CapitalMar 6, 2019 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Alden Investment GroupDec 31, 2022 · San Juan, Pr
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| American Home Opportunity Mortgage Fund LP | Other Private Fund | $18.6M | 5 | Oct 7, 2021 |
Owners and control persons
Schedule A and B, latest filing
- Albert Lee Calfo · Chief Executive Officercontrolsince 01/2019 · owns 25% to 50%
- Joseph Gladue · Chief Operating Officercontrolsince 01/2019 · owns 50% to 75%
- Francis John Mulqueen · Business Developmentsince 01/2019 · owns less than 5%
- M. Karen Van Horn · Chief Compliance Officersince 02/2024 · owns less than 5%
Related persons
Schedule D 7.A
- Alden Capitalinvestment adviseryRAUM $1.5B
- J. Alden Associates, Inc.broker-dealery
Advisers that list Equalize Capital LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Juan, Pr · principal | 5 | 2 | 0 | ||
| Wayne, Pa | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Discretionary RAUM · $49.4M to $39.5MMar 18, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $15.7M to $10.8MMar 18, 2025 to Mar 27, 2026
- RAUM · $49.4M to $39.5MMar 18, 2025 to Mar 27, 2026
- Financial planning clients · 0 to 0Mar 12, 2024 to Mar 18, 2025
- Discretionary RAUM · $61.2M to $49.4MMar 12, 2024 to Mar 18, 2025
- Pooled vehicle RAUM · $18.6M to $15.7MMar 12, 2024 to Mar 18, 2025
- RAUM · $61.2M to $49.4MMar 12, 2024 to Mar 18, 2025
- BD registered reps · 5 to 4Mar 13, 2023 to Mar 12, 2024
- Employees · 5 to 4Mar 13, 2023 to Mar 12, 2024
- Insurance-licensed employees · 3 to 1Mar 13, 2023 to Mar 12, 2024
- State-registered IARs · 3 to 1Mar 13, 2023 to Mar 12, 2024
- Discretionary RAUM · $66.4M to $61.2MMar 13, 2023 to Mar 12, 2024
- Pooled vehicle RAUM · $17.5M to $18.6MMar 13, 2023 to Mar 12, 2024
- RAUM · $66.4M to $61.2MMar 13, 2023 to Mar 12, 2024
- Discretionary RAUM · $82.2M to $66.4MMar 4, 2022 to Mar 13, 2023
- Pooled vehicle RAUM · $26.4M to $17.5MMar 4, 2022 to Mar 13, 2023
- RAUM · $82.2M to $66.4MMar 4, 2022 to Mar 13, 2023
- Discretionary RAUM · $80.7M to $82.2MOct 7, 2021 to Mar 4, 2022
- Pooled vehicle RAUM · $26.1M to $26.4MOct 7, 2021 to Mar 4, 2022
- RAUM · $80.7M to $82.2MOct 7, 2021 to Mar 4, 2022
- Related broker-dealer · false to trueOct 7, 2021 to Mar 4, 2022
- Accounts · 1 to 2May 19, 2021 to Oct 7, 2021
- Advisory activities · 1 to 2May 19, 2021 to Oct 7, 2021
- Business name · BLUESTONE CAPITAL PARTNERS, LLC to EQUALIZE CAPITAL LLCMay 19, 2021 to Oct 7, 2021
- Pooled vehicle clients · 0 to 1May 19, 2021 to Oct 7, 2021
- Private funds · unset to 1May 19, 2021 to Oct 7, 2021
- Discretionary RAUM · $42.3M to $80.7MMay 19, 2021 to Oct 7, 2021
- Pooled vehicle RAUM · $0 to $26.1MMay 19, 2021 to Oct 7, 2021
- RAUM · $42.3M to $80.7MMay 19, 2021 to Oct 7, 2021
- Legal name · BLUESTONE CAPITAL PARTNERS, LLC to EQUALIZE CAPITAL LLCApr 14, 2021 to May 19, 2021
- Discretionary RAUM · $45.0M to $42.3MMar 12, 2020 to Mar 17, 2021
- RAUM · $45.0M to $42.3MMar 12, 2020 to Mar 17, 2021
- Accounts · unset to 1.0Aug 5, 2019 to Mar 12, 2020
- Discretionary RAUM · unset to 45041589.0Aug 5, 2019 to Mar 12, 2020
- Non-discretionary RAUM · unset to 0.0Aug 5, 2019 to Mar 12, 2020
- RAUM · unset to 45041589.0Aug 5, 2019 to Mar 12, 2020
- Related adviser · false to trueFeb 5, 2019 to Aug 5, 2019
Signals
5 dated events
- Kenneth Richard Smith left Equalize Capital Llc for Alden Investment Group (registered 2022-07-26)Dec 31, 2022 · Advisor changed firm · fact
- John Francis Mulqueen left Equalize Capital Llc for Alden Investment Group (registered 2022-07-27)Dec 31, 2022 · Advisor changed firm · fact
- Lee Albert Calfo left Equalize Capital Llc for Alden Investment Group (registered 2022-07-26)Dec 31, 2022 · Advisor changed firm · fact
- 2 advisors left Equalize Capital LLC (San Juan, PR) for Alden Investment Group on the same dayDec 31, 2022 · Team lift-out · derived
- Bluestone Capital Partners, Llc filed its initial SEC registration (Form ADV)Feb 4, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Equalize Capital LLC · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Website
- Equalizecapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 443 802 6135reportedpublic record, Form ADV, Mar 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
- $7.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
Equalize Capital LLC 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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