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••••••••• E••••• F••• A•••••••• L••
Latest filing Mar 23, 2026
First filing on the tape Mar 31, 2022 · 5 filings
SEC status approved since May 2, 2022
RAUM
$503M
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
11
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$503M as of Mar 23, 2026
Mar 28, 2023$309M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 23, 2026
Mar 28, 20230 then
Employees (5.A)11 as of Mar 23, 2026
Mar 28, 202313 then
Private funds4 as of Mar 23, 2026
Mar 28, 20232 then
RAUM +20% over the last fiscal year+18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 23, 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
- $126MderivedRAUM 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
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%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
- $503M, 4 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$503M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 4reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $503M for 4 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true 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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| W•• P••••••••• E••••• F••• 2• L••• | Real Estate Fund | $251M | 14 | Mar 31, 2022 |
| W•• C••••••••• P••••••••• E••••• F•••• L••• | Real Estate Fund | $105M | 6 | Mar 31, 2022 |
| P•• P••••••••• E••••• F••• 3• L••• | Real Estate Fund | $37.0M | 6 | Mar 26, 2024 |
Owners and control persons
Schedule A and B, latest filing
- C•••••••• E•••••• J••••• · Chief Compliance Officercontrolsince 03/2022 · owns less than 5%
- C••••••• A••• E•••••••• · President & Chief Investment Officercontrolsince 05/2022 · owns less than 5%
- C•••••• J••• W••••••• N•••••• · Chief Executive Officercontrolsince 10/2020 · owns less than 5%
- L••••••• C••••••• M•••• · Chief Financial Officercontrolsince 10/2020 · owns less than 5%
- C•••••• J•••••••• E•••• · Trusteecontrolsince 11/2021 · owns F of C••••• H••••••• T••••
- C•••••• J••• W••••••• N•••••• · Trusteecontrolsince 06/2022 · owns F of C••••• I••••••••• T••••
Entity owners
- P•• P••••••••• M••••••• P•••••••• L•• · Sole Manager And Memberdirect · owns 75% or more
- C••••• H••••••• T•••• · Memberindirect · owns 25% to 50% of P•• P••••••••• M••••••• P•••••••• L••
- C••••• I••••••••• T•••• · Memberindirect · owns 50% to 75% of P•• P••••••••• M••••••• P•••••••• L••
Related persons
Schedule D 7.A
- P•• P••••••••• M••••••• P••••••• 3• L••pooled vehicle sponsorn
- W•• C•••••• C•••••••••broker-dealern
- W•• P••••••••• M••••••• P••••••• 1• L••pooled vehicle sponsorn
- W•• P••••••••• M••••••• P••••••• 2• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 3 to 4Mar 23, 2025 to Mar 23, 2026
- Pooled vehicle clients · 3 to 4Mar 23, 2025 to Mar 23, 2026
- Assets in custody · $0 to $503MMar 23, 2025 to Mar 23, 2026
- Employees · 12 to 11Mar 23, 2025 to Mar 23, 2026
- Private funds · 3 to 4Mar 23, 2025 to Mar 23, 2026
- Discretionary RAUM · $419M to $503MMar 23, 2025 to Mar 23, 2026
- Pooled vehicle RAUM · $419M to $503MMar 23, 2025 to Mar 23, 2026
- RAUM · $419M to $503MMar 23, 2025 to Mar 23, 2026
- Employees · 13 to 12Mar 26, 2024 to Mar 23, 2025
- Financial planning clients · unset to Mar 26, 2024 to Mar 23, 2025
- Discretionary RAUM · $392M to $419MMar 26, 2024 to Mar 23, 2025
- Pooled vehicle RAUM · $392M to $419MMar 26, 2024 to Mar 23, 2025
- RAUM · $392M to $419MMar 26, 2024 to Mar 23, 2025
- Accounts · 2 to 3Mar 28, 2023 to Mar 26, 2024
- Advisory employees · 2 to 3Mar 28, 2023 to Mar 26, 2024
- Pooled vehicle clients · 2 to 3Mar 28, 2023 to Mar 26, 2024
- Private funds · 2 to 3Mar 28, 2023 to Mar 26, 2024
- Discretionary RAUM · $309M to $392MMar 28, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $309M to $392MMar 28, 2023 to Mar 26, 2024
- RAUM · $309M to $392MMar 28, 2023 to Mar 26, 2024
- Advisory employees · 5 to 2Mar 31, 2022 to Mar 28, 2023
- Business name · P•• A••••••• P•••••••• L•• to P••••••••• E••••• F••• A•••••••• L••Mar 31, 2022 to Mar 28, 2023
- Employees · 8 to 13Mar 31, 2022 to Mar 28, 2023
- Legal name · P•• A••••••• P•••••••• L•• to P••••••••• E••••• F••• A•••••••• L••Mar 31, 2022 to Mar 28, 2023
- Discretionary RAUM · $180M to $309MMar 31, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $180M to $309MMar 31, 2022 to Mar 28, 2023
- RAUM · $180M to $309MMar 31, 2022 to Mar 28, 2023
Signals
4 dated events
- P••••••••• E••••• F••• A•••••••• L•• reported RAUM $309.1M, up 72% from $179.6M (2022-03-31 to 2023-03-28)Mar 28, 2023 · RAUM change · derived
- Elizabeth Ann Caruana (President & Chief Investment Officer) appeared on Schedule A of P••••••••• E••••• F••• A•••••••• L••Mar 28, 2023 · Control person joined · fact
- Rae Melanie Wenk (Chief Operating Officer) no longer on Schedule A of P••••••••• E••••• F••• A•••••••• L•• (listed 2022-03-31, absent 2023-03-28)Mar 28, 2023 · Control person left · inference
- P•• A••••••• P•••••••• L•• filed its initial SEC registration (Form ADV)Mar 31, 2022 · 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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/preservation-equity-fund-advisors-pef-areportedpublic record, Form ADV, Sep 19, 2026
- Website
- p•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 714-662-5565reportedpublic record, Form ADV, Mar 23, 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
Across the graphs
P••••••••• E••••• F••• A•••••••• L•• 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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