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

D••••• I••••••••• I•••

Other adviserEl Segundo, CaliforniaCRD 308609SEC 801-121986websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Jun 30, 2021 · 13 filings
SEC status approved since Jul 30, 2021
RAUM
$5.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
4.2%
$238M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
46
17 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
9
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$5.7B as of Mar 30, 2026
Mar 31, 2022$3.2B then
HNW client RAUM$238M as of Mar 30, 2026
Mar 31, 2022$60.5M then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 31, 20220 then
Employees (5.A)46 as of Mar 30, 2026
Mar 31, 202242 then
Private funds9 as of Mar 30, 2026
Mar 31, 20226 then
RAUM +39% over the last fiscal year+33% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
$119MderivedHNW RAUM over HNW clients
Average account
$143MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
26%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived7 offices incl. principal (1.F.5)
RAUM growth, one year
+39%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.1B55%
  • Pension and profit-sharing plans$1.1B18%
  • Corporations and businesses$854M15%
  • Sovereign wealth funds$239M4.2%
  • High-net-worth individuals$238M4.2%
  • Charitable organizations$168M2.9%
  • Insurance companies$23.8M0.4%
Individual clients
0reported
HNW clients
2reported
Pension plan clients
6reported
Charitable clients
2reported
Accounts
40reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.04 fund_share=0.55 institutional_share=0.26 related_bd=false 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
      9 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A••••••••• S••••• B•••••• · Chief Executive Officer And President, And Director Of The Board Of Directors, D••••• I••••••••• I•••control
        since 09/2020 · owns less than 5%
      • C••••• F••••• G•••••• · Treasurer, Secretary, Portfolio Manager, And Director Of The Board Of Directors, D••••• I••••••••• I•••control
        since 12/2019 · owns less than 5%
      • D••••••• I•••• N• · Chief Marketing Officer, D••••• I••••••••• I•••control
        since 03/2021 · owns less than 5%
      • H•• C••••••••• A••••• · Chief Compliance Officer And Counsel, D••••• I••••••••• I•••control
        since 01/2021 · owns less than 5%
      • H••••••••• J••••• N• · Chief Operating Officer And Chief Financial Officer, D••••• I••••••••• I•••control
        since 01/2022 · owns less than 5%
      • R••••••••• J••••• B•••• · Chairman Of The Board Of Directors, And Chief Investment Officer, D••••• Investmnts, Inc.control
        since 09/2020 · owns less than 5%
      • R••••••••• J••••••• M•• · Director Of The Board Of Directors, D••••• I••••••••• I•••control
        since 09/2020 · owns less than 5%
      • R••••••••• J••••• B•••• · Trusteecontrol
        since 12/1997 · owns F of R•••••••• F••••• T••••
      • R••••••••• L••••• P••••• · Trusteecontrol
        since 12/1997 · owns F of R•••••••• F••••• T••••
      Entity owners
      • D••••• I••••••••• L•• · Owner Of D••••• I••••••••• I•••
        direct · owns 75% or more
      • R•••••••• C•••••• M••••••••• I••• · Majority-Owner And Managing Member
        indirect · owns 50% to 75% of D••••• I••••••••• L••
      • R•••••••• F••••• T•••• · Owner
        indirect · owns 75% or more of R•••••••• C•••••• M••••••••• I•••
      Related persons
      Schedule D 7.A
      • A••• G• L••
        bankpooled vehicle sponsory
      • B•••• F•••• P••••••••• L••
        pooled vehicle sponsorn
      • B•••• F•••• P••••••• M••••••••• I•••
        investment companypooled vehicle sponsorn
      • D••••• A••••••• K•
        investment advisern
      • D••••• I••••••••• A••••••• S••••••• P•••••• L••••••
        investment advisern
      • D••••• I••••••••• ••••••••• P•• L••
        investment advisern
      • D••••• I••••••••• •••• K•••• L••••••
        investment advisern
      • I•••• G• L••
        bankpooled vehicle sponsory
      • K••••• G• L••
        bankpooled vehicle sponsory
      • P••••• G• L••
        bankpooled vehicle sponsory
      • P••••• G• L••
        bankpooled vehicle sponsory
      • R••••• S•• M••••••••• L•••
        investment advisern
      • R•••••••• C•••••• M••••••••• I•••
        investment adviserbankpooled vehicle sponsoryRAUM $248M
      • S••••• B• S•• L••
        bankpooled vehicle sponsory
      • S••••• C• S•• L••
        bankpooled vehicle sponsory
      Advisers that list D••••• I••••••••• I••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Tokyo, Japan5 employees
      • El Segundo, CA4 employees
      • Mumbai, India2 employees
      • Crows Nest, Nsw, Australia1 employees
      • H••• K•••, China1 employees
      • Redondo B••••, CA1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 39 to 40
        Jul 28, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 26 to 27
        Jul 28, 2025 to Mar 30, 2026
      • Employees · 44 to 46
        Jul 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $4.1B to $5.7B
        Jul 28, 2025 to Mar 30, 2026
      • HNW RAUM · $180M to $238M
        Jul 28, 2025 to Mar 30, 2026
      • Pension RAUM · $868M to $1.1B
        Jul 28, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $2.1B to $3.1B
        Jul 28, 2025 to Mar 30, 2026
      • RAUM · $4.1B to $5.7B
        Jul 28, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to Jul 28, 2025
      • Advisory employees · 15 to 17
        Aug 8, 2024 to Mar 31, 2025
      • Pension plan clients · 7 to 6
        Aug 8, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 25 to 26
        Aug 8, 2024 to Mar 31, 2025
      • Employees · 36 to 44
        Aug 8, 2024 to Mar 31, 2025
      • HQ city · LAS VEGAS to EL SEGUNDO
        Aug 8, 2024 to Mar 31, 2025
      • HQ state · NV to CA
        Aug 8, 2024 to Mar 31, 2025
      • Private funds · 8 to 9
        Aug 8, 2024 to Mar 31, 2025
      • Discretionary RAUM · $4.1B to $4.1B
        Aug 8, 2024 to Mar 31, 2025
      • HNW RAUM · $140M to $180M
        Aug 8, 2024 to Mar 31, 2025
      • Pension RAUM · $842M to $868M
        Aug 8, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $1.9B to $2.1B
        Aug 8, 2024 to Mar 31, 2025
      • RAUM · $4.1B to $4.1B
        Aug 8, 2024 to Mar 31, 2025
      • Accounts · 32 to 39
        Feb 20, 2024 to Mar 29, 2024
      • Pooled vehicle clients · 18 to 25
        Feb 20, 2024 to Mar 29, 2024
      • Employees · 39 to 36
        Feb 20, 2024 to Mar 29, 2024
      • Financial planning clients · 0 to unset
        Feb 20, 2024 to Mar 29, 2024
      • Private funds · 6 to 8
        Feb 20, 2024 to Mar 29, 2024
      • Discretionary RAUM · $2.4B to $4.1B
        Feb 20, 2024 to Mar 29, 2024
      • HNW RAUM · $52.2M to $140M
        Feb 20, 2024 to Mar 29, 2024
      • Pension RAUM · $726M to $842M
        Feb 20, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $677M to $1.9B
        Feb 20, 2024 to Mar 29, 2024
      • RAUM · $2.4B to $4.1B
        Feb 20, 2024 to Mar 29, 2024
      • Accounts · 36 to 32
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 17 to 15
        Mar 31, 2022 to Mar 31, 2023
      • Advisory activities · 4 to 3
        Mar 31, 2022 to Mar 31, 2023
      • Charity clients · 4 to 2
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 20 to 18
        Mar 31, 2022 to Mar 31, 2023
      • Custody of client assets · false to true
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 42 to 39
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $3.2B to $2.4B
        Mar 31, 2022 to Mar 31, 2023
      • HNW RAUM · $60.5M to $52.2M
        Mar 31, 2022 to Mar 31, 2023
      Signals
      4 dated events
      • D••••• I••••••••• I••• reported RAUM $5.7B, up 39% from $4.1B (2025-07-28 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • D••••• I••••••••• I••• reported RAUM $4.1B, up 69% from $2.4B (2024-02-20 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • D••••• I••••••••• I••• reported RAUM $3.4B, up 90% from $1.8B (2021-06-30 to 2021-10-27)
        Oct 27, 2021 · RAUM change · derived
      • D••••• I••••••••• I••• filed its initial SEC registration (Form ADV)
        Jun 30, 2021 · 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/dalton-investments-limited/mycompanyreportedpublic record, Form ADV, Sep 18, 2026
      Website
      d•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      4242319100reportedpublic record, Form ADV, Mar 30, 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
      Other 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