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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
N••••••••• M••••• I••••••••• M••••••••• C••••••• L••
Latest filing May 6, 2026
First filing on the tape Nov 10, 2020 · 27 filings
SEC status approved since Dec 9, 2020
RAUM
$323B
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
246
213 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
25
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$323B as of May 6, 2026
Mar 31, 2021$272B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 6, 2026
Mar 31, 20210 then
Employees (5.A)246 as of May 6, 2026
Mar 31, 2021196 then
Private funds25 as of May 6, 2026
Mar 31, 202110 then
RAUM +7.7% over the last fiscal year+7.2% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 6, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- 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
- $10BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 98%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +7.7%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 businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 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
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Insurance companies$315B98%
- Pooled investment vehicles$7.4B2.3%
- Banks and thrifts$432M0.1%
- Charitable organizations$118M0.0%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 32reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.02 institutional_share=0.98 related_bd=true related_bank=true 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
17 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| 7•• E••• C•• 2•••••• L••• | Securitized Asset Fund | $487M | 17 | Mar 29, 2024 |
| 7•• E••• C•• 2••••••• L••• | Securitized Asset Fund | $418M | 19 | Mar 29, 2024 |
| 7•• E••• C•• 2•••••• L••• | Securitized Asset Fund | $413M | 15 | Mar 31, 2023 |
| N••••••••• M••••• P•••••• E••••• C••••••••• F••• I• L• | Private Equity Fund | $82.1M | 291 | Mar 31, 2022 |
| N••••••••• M••••• P•••••• E••••• C••••••••• F••• I•• L• | Private Equity Fund | $56.5M | 272 | Mar 31, 2023 |
| N•• V• E••••• F•••• L• | Private Equity Fund | $52.8M | 2 | Nov 10, 2020 |
| N••••••••• M••••• P•••••• E••••• C••••••••• F••• I••• L• | Private Equity Fund | $52.3M | 270 | Mar 29, 2024 |
| N••••••••• M••••• C•••••• M•••••••• F••• I• L•••no longer reported | Private Equity Fund | $34.8M | 4 | Feb 14, 2012 |
| N•• V• M••• F•••• L• | Private Equity Fund | $32.8M | 2 | Nov 10, 2020 |
| N•• V• E••••• F•••• L• | Private Equity Fund | $29.4M | 2 | Mar 31, 2022 |
| N••••••••• M••••• C•••••• S•••••••• E••••• F••• I••• L• | Private Equity Fund | $14.0M | 2 | Nov 10, 2020 |
| N••••••••• M••••• C•••••• M•••••••• F••• I•• L••• | Private Equity Fund | $13.2M | 2 | Nov 10, 2020 |
| N••••••••• M••••• C•••••• S•••••••• E••••• F••• I• L• | Private Equity Fund | $12.2M | 4 | Feb 14, 2012 |
| N••••••••• M••••• C•••••• M•••••••• F••• I••• L••• | Private Equity Fund | $11.6M | 2 | Nov 10, 2020 |
| N••••••••• M••••• C•••••• S•••••••• E••••• F••• I•• L• | Private Equity Fund | $11.5M | 2 | Nov 10, 2020 |
| N••••••••• M••••• C•••••• M•••••••• F••• I•• L•••no longer reported | Private Equity Fund | $4.7M | 2 | Feb 14, 2012 |
| N••••••••• M••••• C•••••• S•••••••• E••••• F••• I•• L•no longer reported | Private Equity Fund | $2.3M | 2 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- A•••• R••••••• J•••• · Director; Vice President - Investment Strategycontrolsince 01/2022 · owns less than 5%
- B••••••• J•••• E•••••• · Chairman & Presidentcontrolsince 01/2025 · owns less than 5%
- J••••• D•••••• J••••• · Director; Vice President - P•••••• Securitiescontrolsince 01/2021 · owns less than 5%
- S••••• J••••• D••• · Director; Vice President - Public Investmentscontrolsince 11/2024 · owns less than 5%
- Z•••• T•••••• D•••• · Director; Vice President - Real Estatecontrolsince 02/2015 · owns less than 5%
- C•••••• M••••••• J••••• · Chief Compliance Officersince 06/2020 · owns less than 5%
- F•••••• D•••••• M•••••• · Chief Operating Officersince 12/2024 · owns less than 5%
- G•••• T•••• G•••• · Treasurersince 04/2022 · owns less than 5%
Entity owners
- T•• N••••••••• M••••• L••• I•••••••• C•••••• · Sole Member/Parent, N••••••••• M••••• I••••••••• M••••••••• C••••••• L••direct · owns 75% or more
Related persons
Schedule D 7.A
- I••• K•• I•••••••• S•••••••• L••real estaten
- M•••• S••••• A•••••••• L••investment adviserbanknRAUM $39B
- N•• V• G•• L••investment adviserpooled vehicle sponsory
- N•• V• G•• L••investment adviserpooled vehicle sponsory
- N••• I• G•• L••investment adviserpooled vehicle sponsory
- N••• I• G•• L••investment adviserpooled vehicle sponsory
- N••• I•• G•• L••investment adviserpooled vehicle sponsory
- N••• I• G•• L••investment adviserpooled vehicle sponsory
- N••••••••• L••• T••• C••• I•••••••• C••••••real estaten
- N••••••••• M••••• C•••••• E••••• G• V••• L•investment adviserpooled vehicle sponsory
- N••••••••• M••••• C•••••• G• I••• L••investment adviserpooled vehicle sponsory
- N••••••••• M••••• C•••••• G• I•• L••investment adviserpooled vehicle sponsory
- N••••••••• M••••• I••••••••• S•••••••••broker-dealerinvestment adviserreal estaten
- N••••••••• M••••• W••••• M••••••••• C••••••n
- T•• N••••••••• M••••• L••• I•••••••• C••••••real estatey
- W••• L••• A•• H••••• I•••••••• C••••••real estaten
Advisers that list N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY1 employees
What changed
consecutive filings, newest first
- Accounts · 29 to 32Jan 14, 2026 to Mar 31, 2026
- Advisory employees · 201 to 213Jan 14, 2026 to Mar 31, 2026
- Pooled vehicle clients · 16 to 18Jan 14, 2026 to Mar 31, 2026
- Assets in custody · $236M to $810MJan 14, 2026 to Mar 31, 2026
- Employees · 229 to 246Jan 14, 2026 to Mar 31, 2026
- Private funds · 19 to 25Jan 14, 2026 to Mar 31, 2026
- Discretionary RAUM · $300B to $323BJan 14, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $6.2B to $7.4BJan 14, 2026 to Mar 31, 2026
- RAUM · $300B to $323BJan 14, 2026 to Mar 31, 2026
- Financial planning clients · unset to Apr 15, 2025 to May 28, 2025
- Accounts · 25 to 29Dec 18, 2024 to Apr 15, 2025
- Advisory employees · 247 to 201Dec 18, 2024 to Apr 15, 2025
- Pooled vehicle clients · 10 to 16Dec 18, 2024 to Apr 15, 2025
- Assets in custody · $196M to $236MDec 18, 2024 to Apr 15, 2025
- Employees · 260 to 229Dec 18, 2024 to Apr 15, 2025
- Private funds · 13 to 19Dec 18, 2024 to Apr 15, 2025
- Discretionary RAUM · $281B to $300BDec 18, 2024 to Apr 15, 2025
- Pooled vehicle RAUM · $2.0B to $6.2BDec 18, 2024 to Apr 15, 2025
- RAUM · $281B to $300BDec 18, 2024 to Apr 15, 2025
- Private funds · 14 to 13Apr 22, 2024 to Jun 10, 2024
- Accounts · 19 to 25Feb 26, 2024 to Mar 29, 2024
- Advisory employees · 197 to 247Feb 26, 2024 to Mar 29, 2024
- Pooled vehicle clients · 6 to 10Feb 26, 2024 to Mar 29, 2024
- Assets in custody · $162M to $196MFeb 26, 2024 to Mar 29, 2024
- Employees · 209 to 260Feb 26, 2024 to Mar 29, 2024
- Private funds · 11 to 14Feb 26, 2024 to Mar 29, 2024
- Discretionary RAUM · $262B to $281BFeb 26, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $819M to $2.0BFeb 26, 2024 to Mar 29, 2024
- RAUM · $262B to $281BFeb 26, 2024 to Mar 29, 2024
- Advisory employees · 184 to 197Jan 30, 2023 to Mar 31, 2023
- Pooled vehicle clients · 4 to 6Jan 30, 2023 to Mar 31, 2023
- Assets in custody · $193M to $162MJan 30, 2023 to Mar 31, 2023
- Employees · 198 to 209Jan 30, 2023 to Mar 31, 2023
- Other offices · 0 to 1Jan 30, 2023 to Mar 31, 2023
- Discretionary RAUM · $288B to $262BJan 30, 2023 to Mar 31, 2023
- Pooled vehicle RAUM · $89.0M to $819MJan 30, 2023 to Mar 31, 2023
- RAUM · $288B to $262BJan 30, 2023 to Mar 31, 2023
- Accounts · 16 to 19Jan 27, 2022 to Mar 31, 2022
- Pooled vehicle clients · 2 to 4Jan 27, 2022 to Mar 31, 2022
- Assets in custody · $214M to $193MJan 27, 2022 to Mar 31, 2022
Signals
9 dated events
- Lea Rosanne Kropp (Director; Vice President - Public Investments) no longer on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• (listed 2024-06-10, absent 2024-12-18)Dec 18, 2024 · Control person left · inference
- James Jeffrey Lueken (Chairman & President) no longer on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• (listed 2024-06-10, absent 2024-12-18)Dec 18, 2024 · Control person left · inference
- Emerson John Bentley (Chairman & President) appeared on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L••Dec 18, 2024 · Control person joined · fact
- Dale Jason Smith (Director; Vice President - Public Investments) appeared on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L••Dec 18, 2024 · Control person joined · fact
- Peter Ronald Joelson (Chairman) no longer on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• (listed 2022-06-21, absent 2023-01-30)Jan 30, 2023 · Control person left · inference
- Emerson John Bentley (Director; Vice President - Public Investments) no longer on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• (listed 2021-09-01, absent 2022-01-04)Jan 4, 2022 · Control person left · inference
- Jacob Raymond Auth (Director; Vice President - Investment Strategy) appeared on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L••Jan 4, 2022 · Control person joined · fact
- Joseph Daniel Julka (Director; Vice President - Private Securities) appeared on Schedule A of N••••••••• M••••• I••••••••• M••••••••• C••••••• L••Jan 7, 2021 · Control person joined · fact
- N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• filed its initial SEC registration (Form ADV)Nov 10, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• · Independent Sponsorsshared crd · capital_provider
- N••••••••• M••••• I••••••••• M••••••••• C••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- realestate.northwesternmutual.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 414-665-1444reportedpublic record, Form ADV, May 6, 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
- Institutional managerderiveda 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