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

F•••••• I••••••••• L••

Asset manager (funds and pooled vehicles)Cranford, New JerseyCRD 306920SEC 801-119006websiteIAPD
Latest filing Jun 18, 2026
First filing on the tape Jun 2, 2020 · 14 filings
SEC status approved since Jul 8, 2020
RAUM
$1.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$1.4B
derived; firm RAUM over IAPD count
Employees
17
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$1.4B as of Jun 18, 2026
Mar 17, 2021$515M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 18, 2026
Mar 17, 20210 then
Employees (5.A)17 as of Jun 18, 2026
Mar 17, 20219 then
Private funds6 as of Jun 18, 2026
Mar 17, 20216 then
RAUM +36% over the last fiscal year+25% a year over threeIARs 1 to 0
Practice profile
derived from the filing of Jun 18, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$1.4BderivedRAUM 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
$197MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
26%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
17.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+36%derivedbetween the last two annual amendments
Advisor growth, one year
-100%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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
  • Pooled investment vehicles$1.0B74%
  • Insurance companies$356M26%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.74 institutional_share=0.26 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• N• R••••••Cranford, NjMay 21, 202611 y0
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      8 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      F•••••• R••••••••• B••••• L••• V•••••• V• L•Real Estate Fund$160M7Mar 17, 2021
      F•••••• I•••••••• W• 2•••••• L•Real Estate Fund$85.1M2Mar 29, 2022
      F•••••• R••••••••• B••••• L••• V•••••• V• L•Real Estate Fund$27.0M10Mar 29, 2018
      F••• R•• I• L••Real Estate Fund$17.8M1Mar 29, 2019
      F••• R•• I• L••Real Estate Fund$11.9M4Mar 31, 2014
      F•••••• I•••••••• M••••••• F••• I• L•Real Estate Fund$7.0M1Mar 29, 2022
      F••• R•• V• L••no longer reportedReal Estate Fund$2.6M1Mar 17, 2021
      F••• R•• L••no longer reportedReal Estate Fund$2.5M4Mar 31, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • F••••••••• M••••••• N•••• · Executive Directorcontrol
        since 09/2020 · owns less than 5%
      • H•••••••• D•••••• · Chief Financial Officercontrol
        since 04/2022 · owns less than 5%
      • T••••••••• M••••••• A••••• · Managing Membercontrol
        since 05/2020 · owns 50% to 75%
      • T••••••••• B••••• J• · Managing Membercontrol
        since 05/2020 · owns 50% to 75%
      • K••••••• L••• · Chief Compliance Officer
        since 03/2021 · owns less than 5%
      Related persons
      Schedule D 7.A
      • F•••••• I•••••••• M••••••• F••• I• G•• L••
        pooled vehicle sponsory
      • F•••••• I•••••••• W• 2•••••• G•• L••
        pooled vehicle sponsory
      • F•••••• R••••••••• B••••• L••• V•••••• V• G• L••
        pooled vehicle sponsory
      • F•••••• R••••••••• B••••• L••• V•••••• V• G• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Jun 18, 2026
        institutional share of RAUM of 26% against a peer median of 0% (1506 comparable advisers, 99.0th percentile, 8.7 robust deviations)
        peers: asset managers, $1B to $5B (1,506) · 99% percentile
      What changed
      consecutive filings, newest first
      • State-registered IARs · 1 to 0
        Mar 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $1.0B to $1.4B
        Mar 28, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $664M to $1.0B
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $1.0B to $1.4B
        Mar 28, 2025 to Mar 30, 2026
      • Employees · 15 to 17
        Mar 28, 2025 to Mar 30, 2026
      • Financial planning clients · 0 to
        Mar 28, 2025 to Mar 30, 2026
      • Advisory employees · 5 to 6
        Mar 29, 2024 to Mar 28, 2025
      • Assets in custody · 539748424.0 to unset
        Mar 29, 2024 to Mar 28, 2025
      • Employees · 13 to 15
        Mar 29, 2024 to Mar 28, 2025
      • Financial planning clients · 0 to 0
        Mar 29, 2024 to Mar 28, 2025
      • Discretionary RAUM · $879M to $1.0B
        Mar 29, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $540M to $664M
        Mar 29, 2024 to Mar 28, 2025
      • RAUM · $879M to $1.0B
        Mar 29, 2024 to Mar 28, 2025
      • Advisory employees · 6 to 5
        May 15, 2023 to Mar 28, 2024
      • Corporate clients · 1.0 to unset
        May 15, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 5 to 6
        May 15, 2023 to Mar 28, 2024
      • Assets in custody · unset to 539748424.0
        May 15, 2023 to Mar 28, 2024
      • Employees · 11 to 13
        May 15, 2023 to Mar 28, 2024
      • Discretionary RAUM · $700M to $879M
        May 15, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $401M to $540M
        May 15, 2023 to Mar 28, 2024
      • RAUM · $700M to $879M
        May 15, 2023 to Mar 28, 2024
      • Accounts · 8 to 7
        Aug 4, 2022 to Mar 28, 2023
      • Advisory employees · 5 to 6
        Aug 4, 2022 to Mar 28, 2023
      • Pooled vehicle clients · 7 to 5
        Aug 4, 2022 to Mar 28, 2023
      • Employees · 9 to 11
        Aug 4, 2022 to Mar 28, 2023
      • Private funds · 7 to 6
        Aug 4, 2022 to Mar 28, 2023
      • Discretionary RAUM · $817M to $700M
        Aug 4, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $537M to $401M
        Aug 4, 2022 to Mar 28, 2023
      • RAUM · $817M to $700M
        Aug 4, 2022 to Mar 28, 2023
      • Accounts · 5 to 8
        Apr 20, 2021 to Mar 29, 2022
      • Corporate clients · unset to 1.0
        Apr 20, 2021 to Mar 29, 2022
      • Pooled vehicle clients · 5 to 7
        Apr 20, 2021 to Mar 29, 2022
      • State-registered IARs · 0 to 1
        Apr 20, 2021 to Mar 29, 2022
      • Private funds · 6 to 7
        Apr 20, 2021 to Mar 29, 2022
      • Discretionary RAUM · $515M to $817M
        Apr 20, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $515M to $537M
        Apr 20, 2021 to Mar 29, 2022
      • RAUM · $515M to $817M
        Apr 20, 2021 to Mar 29, 2022
      • Accounts · 0 to 5
        Nov 16, 2020 to Mar 17, 2021
      • Pooled vehicle clients · unset to 5.0
        Nov 16, 2020 to Mar 17, 2021
      • Private funds · unset to 6
        Nov 16, 2020 to Mar 17, 2021
      Signals
      6 dated events
      • F•••••• I••••••••• L•• reported RAUM $1.4B, up 36% from $1.0B (2025-03-28 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • F•••••• I••••••••• L•• reported RAUM $878.9M, up 25% from $700.5M (2023-05-15 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • D•••••• H••••••• (Chief Financial Officer) appeared on Schedule A of F•••••• I••••••••• L••
        Mar 28, 2023 · Control person joined · fact
      • Nolan Michael Fassnacht (Executive Director) appeared on Schedule A of F•••••• I••••••••• L••
        Mar 28, 2023 · Control person joined · fact
      • F•••••• I••••••••• L•• reported RAUM $816.6M, up 59% from $515.1M (2021-04-20 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • T•• F•••••• G••••• L•• filed its initial SEC registration (Form ADV)
        Jun 2, 2020 · 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/fidelis-investorsreportedpublic record, Form ADV, Sep 18, 2026
      Website
      fidelis-investors.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      908-402-8132reportedpublic record, Form ADV, Jun 18, 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
      $1.4Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      F•••••• I••••••••• 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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