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

I••••••••• A••••• P•••••••• L••

Asset manager (funds and pooled vehicles)Hunt Valley, MarylandCRD 305842SEC 801-130785websiteIAPD
Latest filing Aug 12, 2026
First filing on the tape Jun 27, 2024 · 8 filings
SEC status approved since Jul 26, 2024
RAUM
$257M
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
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
18
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$257M as of Aug 12, 2026
Jan 15, 2025$196M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 12, 2026
Jan 15, 20250 then
Employees (5.A)5 as of Aug 12, 2026
Jan 15, 20255 then
Private funds18 as of Aug 12, 2026
Jan 15, 202513 then
RAUM +16% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Aug 12, 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
$14.3MderivedRAUM 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
+16%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 assetsreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$257M, 18 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$257M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
18reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$257M for 18 clientsreported
Compensation
% of AUMreported
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
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      I••••••••• A••••• P••••••• I••••••••• F••• I• L••Private Equity Fund$34.9M142Jun 27, 2024
      I••••••••• A••••• P••••••• E••••• T••••••••• F•••• L••Private Equity Fund$27.1M40Jun 27, 2024
      I••••••••• A••••• P••••••• O••••••••• R••• E••••• I••••••••• F•••• L••Real Estate Fund$24.9M16Jun 27, 2024
      I••••••••• A••••• P••••••• V•••••• F••• I• L••Venture Capital Fund$19.4M129Jun 27, 2024
      I••••••••• A••••• P••••••• C•••••••• F••• I• L••Private Equity Fund$16.5M69Jun 27, 2024
      I••••••••• A••••• P••••••• M••• F••• I• L••Other Private Fund$14.7M65Jun 27, 2024
      I••••••••• A••••• P••••••• G••••• F••••••• F•••• L••Real Estate Fund$12.3M54Jun 27, 2024
      I••••••••• A••••• P••••••• M••• F••• I•• L••Other Private Fund$12.3M53Jun 27, 2024
      I••••••••• A••••• P••••••• E••••• M••••• N•••••• F•••• L••Hedge Fund$10.6M35Jun 27, 2024
      I••••••••• A••••• P••••••• C••••••••• F••• I•• L••Private Equity Fund$9.1M52Jun 27, 2024
      I••••••••• A••••• P••••••• S•••••• S••••••••• L•••••• F•••• L••Other Private Fund$7.9M41Jun 27, 2024
      I••••••••• A••••• P••••••• O•• F••• I•• L••Real Estate Fund$3.9M22Jun 27, 2024
      I••••••••• A••••• P••••••• O•• F••• I• L••Real Estate Fund$2.9M60Jun 27, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••••• M••••••• A• · Elected Manager, Executive Directorcontrol
        since 04/2019 · owns less than 5%
      • C•••• K••••• M•••••• · Chief Compliance Officercontrol
        since 06/2024 · owns less than 5%
      • K••••• L••• J••••• · Elected Managercontrol
        since 08/2019 · owns less than 5%
      • N••• T•••••• J••• · Elected Managercontrol
        since 08/2019 · owns less than 5%
      • K••••• L••• J••••• · Membercontrol
        since 04/2019 · owns 50% to 75% of H••• V••••• P•••••••• L••
      Entity owners
      • H••• V••••• P•••••••• L•• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Advisers that list I••••••••• A••••• P•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 16 to 18
        Aug 18, 2025 to Mar 26, 2026
      • Pooled vehicle clients · 16 to 18
        Aug 18, 2025 to Mar 26, 2026
      • Assets in custody · $230M to $257M
        Aug 18, 2025 to Mar 26, 2026
      • Private funds · 16 to 18
        Aug 18, 2025 to Mar 26, 2026
      • Discretionary RAUM · $230M to $257M
        Aug 18, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $230M to $257M
        Aug 18, 2025 to Mar 26, 2026
      • RAUM · $230M to $257M
        Aug 18, 2025 to Mar 26, 2026
      • Assets in custody · $225M to $230M
        May 5, 2025 to Aug 18, 2025
      • Discretionary RAUM · $225M to $230M
        May 5, 2025 to Aug 18, 2025
      • Pooled vehicle RAUM · $225M to $230M
        May 5, 2025 to Aug 18, 2025
      • RAUM · $225M to $230M
        May 5, 2025 to Aug 18, 2025
      • Assets in custody · $0 to $225M
        Mar 28, 2025 to May 5, 2025
      • Financial planning clients · unset to
        Mar 28, 2025 to May 5, 2025
      • Discretionary RAUM · $222M to $225M
        Mar 28, 2025 to May 5, 2025
      • Pooled vehicle RAUM · $222M to $225M
        Mar 28, 2025 to May 5, 2025
      • RAUM · $222M to $225M
        Mar 28, 2025 to May 5, 2025
      • Accounts · 13 to 16
        Feb 3, 2025 to Mar 28, 2025
      • Pooled vehicle clients · 13 to 16
        Feb 3, 2025 to Mar 28, 2025
      • Assets in custody · $196M to $0
        Feb 3, 2025 to Mar 28, 2025
      • Private funds · 13 to 16
        Feb 3, 2025 to Mar 28, 2025
      • Discretionary RAUM · $196M to $222M
        Feb 3, 2025 to Mar 28, 2025
      • Pooled vehicle RAUM · $196M to $222M
        Feb 3, 2025 to Mar 28, 2025
      • RAUM · $196M to $222M
        Feb 3, 2025 to Mar 28, 2025
      Signals
      1 dated events
      • I••••••••• A••••• P•••••••• L•• filed its initial SEC registration (Form ADV)
        Jun 27, 2024 · 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
      Website
      i•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      410-828-5523reportedpublic record, Form ADV, Aug 12, 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

      I••••••••• A••••• P•••••••• 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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