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

Portola Partners

Former SEC-registered adviserMenlo Park, CaliforniaCRD 305407SEC 801-117341IAPD
Legal name Portola Partners Group LLC
Latest filing Mar 1, 2023
First filing on the tape Aug 15, 2019 · 12 filings
RAUM
$5.6B
reported, Item 5.F
Discretionary
1.7%
of RAUM
Private clients
100%
$5.6B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
27
17 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$5.6B as of Mar 31, 2022
Mar 30, 2020$4.5B then
HNW client RAUM$5.6B as of Mar 31, 2022
Mar 30, 2020$4.5B then
State-registered IARs (5.B.3)17 as of Mar 31, 2022
Mar 30, 202015 then
Employees (5.A)27 as of Mar 31, 2022
Mar 30, 202025 then
Private funds: no history
RAUM +11% over the last fiscal yearIARs 19 to 17
Practice profile
derived from the filing of Mar 1, 2023; every figure names its basis
RAUM per advisor
$328MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$116MderivedHNW RAUM over HNW clients
Average account
$3.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
1.7%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
8.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
-11%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$204M, 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
  • buys or sells securities as principal to or from clients (8.A.2)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$5.6B100%
Individual clients
n/areported
HNW clients
48reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,719reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$204M for 4 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Aaron Zachary Herlick · Co-Managing Partnercontrol
    since 08/2019 · owns less than 5%
  • Triston Larry Nakamura · Chief Compliance Officercontrol
    since 01/2023 · owns less than 5%
  • Robinson Steven Rehmus · Co-Managing Partnercontrol
    since 08/2019 · owns less than 5%
  • Patrice Jill Foster · Chief Of Staff
    since 03/2021 · owns less than 5%
  • Nmn Jeffrey Lin · Chief Operating Officer
    since 08/2019 · owns less than 5%
Entity owners
  • Ci Private Wealth, LLC · Owner
    direct · owns 75% or more
  • Ci Financial Corp · Owner
    indirect · owns 75% or more of Ci US Holdings, Inc · public reporting company
  • Ci US Holdings, Inc · Owner
    indirect · owns 75% or more of Cipw Holdings, LLC
  • Cipw Holdings, LLC · Owner
    indirect · owns 75% or more of Ci Private Wealth, LLC
Related persons
Schedule D 7.A
Advisers that list Portola Partners as a related person
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 1,590 to 1,719
    Oct 29, 2021 to Mar 31, 2022
  • Advisory employees · 19 to 17
    Oct 29, 2021 to Mar 31, 2022
  • Assets in custody · $99.4M to $204M
    Oct 29, 2021 to Mar 31, 2022
  • Employees · 28 to 27
    Oct 29, 2021 to Mar 31, 2022
  • Financial planning clients · 1-10 to 26-50
    Oct 29, 2021 to Mar 31, 2022
  • State-registered IARs · 19 to 17
    Oct 29, 2021 to Mar 31, 2022
  • Discretionary RAUM · $0 to $96.1M
    Oct 29, 2021 to Mar 31, 2022
  • HNW RAUM · $5.0B to $5.6B
    Oct 29, 2021 to Mar 31, 2022
  • Non-discretionary RAUM · $5.0B to $5.5B
    Oct 29, 2021 to Mar 31, 2022
  • RAUM · $5.0B to $5.6B
    Oct 29, 2021 to Mar 31, 2022
  • Related adviser · false to true
    May 6, 2021 to Oct 29, 2021
  • Accounts · 1,459 to 1,590
    Jun 30, 2020 to Mar 31, 2021
  • Advisory employees · 16 to 19
    Jun 30, 2020 to Mar 31, 2021
  • HNW clients · 45 to 48
    Jun 30, 2020 to Mar 31, 2021
  • Assets in custody · $79.3M to $99.4M
    Jun 30, 2020 to Mar 31, 2021
  • Employees · 25 to 28
    Jun 30, 2020 to Mar 31, 2021
  • Financial planning clients · 0 to 1-10
    Jun 30, 2020 to Mar 31, 2021
  • State-registered IARs · 15 to 19
    Jun 30, 2020 to Mar 31, 2021
  • Other offices · 0 to 1
    Jun 30, 2020 to Mar 31, 2021
  • HNW RAUM · $4.5B to $5.0B
    Jun 30, 2020 to Mar 31, 2021
  • Non-discretionary RAUM · $4.5B to $5.0B
    Jun 30, 2020 to Mar 31, 2021
  • RAUM · $4.5B to $5.0B
    Jun 30, 2020 to Mar 31, 2021
  • Advisory employees · 23 to 16
    Jan 18, 2020 to Mar 30, 2020
  • Assets in custody · unset to 79346898.0
    Jan 18, 2020 to Mar 30, 2020
  • Custody of client assets · false to true
    Jan 18, 2020 to Mar 30, 2020
  • State-registered IARs · 23 to 15
    Jan 18, 2020 to Mar 30, 2020
  • Related adviser · true to false
    Jan 18, 2020 to Mar 30, 2020
  • Accounts · unset to 1459.0
    Aug 15, 2019 to Jan 15, 2020
  • HNW clients · unset to 45.0
    Aug 15, 2019 to Jan 15, 2020
  • Discretionary RAUM · unset to 0.0
    Aug 15, 2019 to Jan 15, 2020
  • HNW RAUM · unset to 4468377318.0
    Aug 15, 2019 to Jan 15, 2020
  • Non-discretionary RAUM · unset to 4468377318.0
    Aug 15, 2019 to Jan 15, 2020
  • RAUM · unset to 4468377318.0
    Aug 15, 2019 to Jan 15, 2020
Signals
23 dated events
  • Catherine Ann Pitts left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Andrew Duncan Porter left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Matthew Jordan Santos left Portola Partners for Corient (registered 2025-08-13)
    Mar 31, 2023 · Advisor changed firm · fact
  • Owen David Rosebeck left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Andrew Ferris Boothe left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Connor John Lightfield left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Emily Nicole Wiser left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Danning Zhao left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Jonathan Smith Rushton left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Sean Robert Walpert left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • April Michelle Sullivan left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Zachary Aaron Herlick left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Justin Rodman Mandly left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Kc Richard Corkery left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Jeffrey Nmn Lin left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Steven Robinson Rehmus left Portola Partners for Corient (registered 2023-01-20)
    Mar 31, 2023 · Advisor changed firm · fact
  • Portola Partners's advisors moved to Corient (Menlo Park, CA): 15 of 16 registered, on the same day
    Mar 31, 2023 · Firm absorbed (people side) · derived
  • Triston Larry Nakamura (Chief Compliance Officer) appeared on Schedule A of Portola Partners
    Mar 1, 2023 · Control person joined · fact
  • Yoshi Peter Watson (Llc Manager) no longer on Schedule A of Portola Partners (listed 2021-10-29, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • E James Ross (Llc Manager) no longer on Schedule A of Portola Partners (listed 2021-10-29, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Yoshi Peter Watson (Llc Manager) appeared on Schedule A of Portola Partners
    Oct 29, 2021 · Control person joined · fact
  • E James Ross (Llc Manager) appeared on Schedule A of Portola Partners
    Oct 29, 2021 · Control person joined · fact
  • Portola Partners filed its initial SEC registration (Form ADV)
    Aug 15, 2019 · 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.
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