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•• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Stateline, NevadaCRD 300645SEC 801-114926websiteIAPD
Latest filing Apr 27, 2026
First filing on the tape Mar 1, 2019 · 16 filings
SEC status approved since Mar 29, 2019
RAUM
$419M
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
9
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
9
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$419M as of Apr 27, 2026
Mar 30, 2020$260M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 27, 2026
Mar 30, 20200 then
Employees (5.A)9 as of Apr 27, 2026
Mar 30, 20208 then
Private funds9 as of Apr 27, 2026
Mar 30, 20206 then
RAUM -13% over the last fiscal year+15% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 27, 2026; 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
$46.6MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-13%derivedbetween 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
$419M, 9 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$419M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$419M for 9 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
      10 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • L•••••• R•••••• E•••••••• · Managing Partnercontrol
        since 05/2015 · owns less than 5%
      • L•••••• R•••••• E•••••••• · Trusteecontrol
        since 02/2014 · owns 75% or more of R••••• E• L••••• R•••••••• T••••
      • H•••• T••••• M•••• · Cfo, Cco
        since 07/2020 · owns less than 5%
      Entity owners
      • P•••• H•••••••• L• · Managing Partner
        direct · owns 75% or more
      • P•••• H•••••• L•• · General Partner
        indirect · owns F of P•••• H•••••••• L•
      • R••••• E• L••••• R•••••••• T•••• · Managing Member
        indirect · owns 75% or more of P•••• H•••••• L••
      • R••••• E• L••••• R•••••••• T•••• · Limited Partner
        indirect · owns 75% or more of P•••• H•••••••• L•
      Related persons
      Schedule D 7.A
      • P•• A••••••••• I•• S••• L••
        pooled vehicle sponsorn
      • P•• C•••••• A••••••••• L•••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Stateline, NV2 employees
      • Castle Pines, CO1 employees
      What changed
      consecutive filings, newest first
      • Assets in custody · $420M to $419M
        Mar 19, 2026 to Apr 27, 2026
      • Discretionary RAUM · $420M to $419M
        Mar 19, 2026 to Apr 27, 2026
      • Pooled vehicle RAUM · $420M to $419M
        Mar 19, 2026 to Apr 27, 2026
      • RAUM · $420M to $419M
        Mar 19, 2026 to Apr 27, 2026
      • Advisory employees · 7 to 8
        Mar 31, 2025 to Mar 19, 2026
      • Assets in custody · $479M to $420M
        Mar 31, 2025 to Mar 19, 2026
      • HQ city · SAN FRANCISCO to STATELINE
        Mar 31, 2025 to Mar 19, 2026
      • HQ state · CA to NV
        Mar 31, 2025 to Mar 19, 2026
      • Discretionary RAUM · $479M to $420M
        Mar 31, 2025 to Mar 19, 2026
      • Pooled vehicle RAUM · $479M to $420M
        Mar 31, 2025 to Mar 19, 2026
      • RAUM · $479M to $420M
        Mar 31, 2025 to Mar 19, 2026
      • Assets in custody · $398M to $479M
        Aug 28, 2024 to Mar 31, 2025
      • Employees · 13 to 9
        Aug 28, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Aug 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $398M to $479M
        Aug 28, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $398M to $479M
        Aug 28, 2024 to Mar 31, 2025
      • RAUM · $398M to $479M
        Aug 28, 2024 to Mar 31, 2025
      • Accounts · 7 to 9
        Apr 27, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 7 to 9
        Apr 27, 2023 to Mar 29, 2024
      • Assets in custody · $275M to $398M
        Apr 27, 2023 to Mar 29, 2024
      • Other offices · 0 to 2
        Apr 27, 2023 to Mar 29, 2024
      • Private funds · 7 to 9
        Apr 27, 2023 to Mar 29, 2024
      • Discretionary RAUM · $275M to $398M
        Apr 27, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $275M to $398M
        Apr 27, 2023 to Mar 29, 2024
      • RAUM · $275M to $398M
        Apr 27, 2023 to Mar 29, 2024
      • Assets in custody · $274M to $275M
        Mar 31, 2023 to Apr 27, 2023
      • Discretionary RAUM · $274M to $275M
        Mar 31, 2023 to Apr 27, 2023
      • Pooled vehicle RAUM · $274M to $275M
        Mar 31, 2023 to Apr 27, 2023
      • RAUM · $274M to $275M
        Mar 31, 2023 to Apr 27, 2023
      • Advisory employees · 9 to 7
        Apr 1, 2022 to Mar 31, 2023
      • Assets in custody · $213M to $274M
        Apr 1, 2022 to Mar 31, 2023
      • Employees · 11 to 13
        Apr 1, 2022 to Mar 31, 2023
      • Discretionary RAUM · $213M to $274M
        Apr 1, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $213M to $274M
        Apr 1, 2022 to Mar 31, 2023
      • RAUM · $213M to $274M
        Apr 1, 2022 to Mar 31, 2023
      • Advisory employees · 6 to 9
        Apr 29, 2021 to Mar 29, 2022
      • Assets in custody · $249M to $213M
        Apr 29, 2021 to Mar 29, 2022
      • Employees · 9 to 11
        Apr 29, 2021 to Mar 29, 2022
      • Discretionary RAUM · $249M to $213M
        Apr 29, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $249M to $213M
        Apr 29, 2021 to Mar 29, 2022
      Signals
      4 dated events
      • P•• C•••••• M••••••••• L•• reported RAUM $397.7M, up 44% from $275.5M (2023-04-27 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • Wilhelm Hubert Browne (Member, Managing Director) no longer on Schedule A of P•• C•••••• M••••••••• L•• (listed 2021-04-29, absent 2022-03-29)
        Mar 29, 2022 · Control person left · inference
      • P•• C•••••• M••••••••• L•• reported RAUM $260.5M, up 102% from $128.8M (2020-02-14 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • P•• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 1, 2019 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/p4g-capital/aboutreportedpublic record, Form ADV, Sep 18, 2026
      Website
      p•••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      (415) 510-2160reportedpublic record, Form ADV, Apr 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026