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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Former SEC-registered adviser
Z••
Legal name Z•••••• C•••••• M••••••••• L••
Latest filing Mar 29, 2024
First filing on the tape Apr 28, 2020 · 16 filings
RAUM
$6.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
10%
$663M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
53
28 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$6.6B as of Mar 29, 2024
Mar 30, 2021$8.3B then
HNW client RAUM$614M as of Mar 29, 2024
Mar 30, 2021$671M then
State-registered IARs (5.B.3)18 as of Mar 29, 2024
Mar 30, 20210 then
Employees (5.A)53 as of Mar 29, 2024
Mar 30, 202176 then
Private funds: 1
RAUM +3.3% over the last fiscal year-7.1% a year over threeIARs 0 to 18
Practice profile
derived from the filing of Mar 29, 2024; every figure names its basis
- RAUM per advisor
- $367MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 38derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $4.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 28%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.9derivedItem 5.A over advisors
- Advisors per office
- 6.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +3.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- -11%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Corporations and businesses$3.5B53%
- Pension and profit-sharing plans$1.6B25%
- High-net-worth individuals$614M9.3%
- Other investment advisers$232M3.5%
- Investment companies$223M3.4%
- Charitable organizations$128M1.9%
- Banks and thrifts$119M1.8%
- State and municipal entities$102M1.5%
- Individuals$48.4M0.7%
- Pooled investment vehicles$159,0680.0%
- Individual clients
- 210reported
- HNW clients
- 465reported
- Pension plan clients
- 100reported
- Charitable clients
- 63reported
- Accounts
- 1,486reported
- Financial planning clients
- n/areported
- Wrap fee programs
- $0 sponsored, $268M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- 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
- W•••••• M• F••••••••• to F••••••••• A•••• M••••••••• L••Sep 18, 2023 · Other
- M••• B•••••• B•••• to M••••• M•••• M••••••••• I••Apr 8, 2022 · Other
Joined, latest
- W•••••• M• F••••••••• from F••••••••• A•••• M••••••••• L••Jul 26, 2021 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for F•• I••••••••• L••May 15, 2024 · Milwaukee, Wi · Firm absorbed
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P••••••• L••••••••• F••• I• L•no longer reported | Hedge Fund | $12.1M | 4 | Mar 9, 2012 |
Owners and control persons
Schedule A and B, latest filing
- G••••••• G••• · Chief Equity Strategistcontrolsince 01/2019 · owns less than 5%
- M•••••• A••••••••• R••••• · Chief Executive Officercontrolsince 02/2023 · owns less than 5%
- B••••••• C••••••• A••••• · Member/Managercontrolsince 06/2016 · owns F of 1••• C•••••• G•••• H•••••••• L••
- H•••••• J•••• T••••• · Member/Managercontrolsince 01/2018 · owns 50% to 75% of 1••• C•••••• G•••• H•••••••• L••
- M••••••• C••••••••• J•••• · Managercontrolsince 07/2016 · owns F of 1••• C•••••• G•••• H•••••••• L••
- W•••••• M••••••• A••••• R••• · Managercontrolsince 07/2016 · owns F of 1••• C•••••• G•••• H•••••••• L••
- M•••••• M••••••• M••• · Chief Compliance Officersince 08/2023 · owns less than 5%
Entity owners
- F•• M••••••• G••••• L•• · Direct Ownerdirect · owns 75% or more
- 1••• C•••••• G•••• H•••••••• L•• · Shareholderindirect · owns F of 1••• C•••••• G••••• I••
- 1••• C•••••• G••••• I•• · Managing Memberindirect · owns 75% or more of 1••• F•••••••• C••••••• L••
- 1••• F•••••••• C••••••• L•• · Memberindirect · owns 75% or more of D••••••••• M••••••• G•••• P••••• L••
- D••••••••• M••••••• G•••• P••••• L•• · Memberindirect · owns 75% or more of F•• M••••••• G••••• L••
Related persons
Schedule D 7.A
- C••••••••• R••••••• P•••••••• L••investment advisernRAUM $822M
- E•••••• A•••••••• L••investment advisernRAUM $3.3B
- F•• D••••••••• L••broker-dealern
- F•• I••••••••• L••investment advisernRAUM $18B
Advisers that list Z•• as a related person
Offices
Schedule D 1.F, the 25 largest
- St. Louis, MO9 employees
- Milwaukee, WI6 employees
What changed
consecutive filings, newest first
- Accounts · 1,546 to 1,486Jan 8, 2024 to Mar 29, 2024
- Advisory employees · 30 to 28Jan 8, 2024 to Mar 29, 2024
- BD registered reps · 2 to 0Jan 8, 2024 to Mar 29, 2024
- Corporate clients · 499 to 532Jan 8, 2024 to Mar 29, 2024
- HNW clients · 469 to 465Jan 8, 2024 to Mar 29, 2024
- Individual clients · 289 to 210Jan 8, 2024 to Mar 29, 2024
- Pension plan clients · 103 to 100Jan 8, 2024 to Mar 29, 2024
- Pooled vehicle clients · 2 to 1Jan 8, 2024 to Mar 29, 2024
- Employees · 64 to 53Jan 8, 2024 to Mar 29, 2024
- State-registered IARs · 0 to 18Jan 8, 2024 to Mar 29, 2024
- Discretionary RAUM · $6.4B to $6.6BJan 8, 2024 to Mar 29, 2024
- HNW RAUM · $547M to $614MJan 8, 2024 to Mar 29, 2024
- Individual RAUM · $56.1M to $48.4MJan 8, 2024 to Mar 29, 2024
- Non-discretionary RAUM · $18.1M to $20.5MJan 8, 2024 to Mar 29, 2024
- Pension RAUM · $1.5B to $1.6BJan 8, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $243,870 to $159,068Jan 8, 2024 to Mar 29, 2024
- RAUM · $6.4B to $6.6BJan 8, 2024 to Mar 29, 2024
- Related broker-dealer · false to trueJan 8, 2024 to Mar 29, 2024
- Wrap assets (manager) · $325M to $268MJan 8, 2024 to Mar 29, 2024
- Business name · Z•••••• C•••••• M••••••••• L•• to ZCMFeb 21, 2023 to May 2, 2023
- Accounts · 1,809 to 1,546Jun 1, 2022 to Feb 21, 2023
- Advisory employees · 32 to 30Jun 1, 2022 to Feb 21, 2023
- Charity clients · 77 to 63Jun 1, 2022 to Feb 21, 2023
- Corporate clients · 489 to 499Jun 1, 2022 to Feb 21, 2023
- HNW clients · 599 to 469Jun 1, 2022 to Feb 21, 2023
- Individual clients · 410 to 289Jun 1, 2022 to Feb 21, 2023
- Employees · 67 to 64Jun 1, 2022 to Feb 21, 2023
- Financial planning clients · 0 to unsetJun 1, 2022 to Feb 21, 2023
- Discretionary RAUM · $8.0B to $6.4BJun 1, 2022 to Feb 21, 2023
- HNW RAUM · $753M to $547MJun 1, 2022 to Feb 21, 2023
- Individual RAUM · $84.6M to $56.1MJun 1, 2022 to Feb 21, 2023
- Non-discretionary RAUM · $20.6M to $18.1MJun 1, 2022 to Feb 21, 2023
- Pension RAUM · $1.7B to $1.5BJun 1, 2022 to Feb 21, 2023
- Pooled vehicle RAUM · $504,432 to $243,870Jun 1, 2022 to Feb 21, 2023
- RAUM · $8.1B to $6.4BJun 1, 2022 to Feb 21, 2023
- Wrap assets (manager) · $576M to $325MJun 1, 2022 to Feb 21, 2023
- Accounts · 1,764 to 1,809Jun 24, 2021 to Mar 30, 2022
- Charity clients · 82 to 77Jun 24, 2021 to Mar 30, 2022
- Corporate clients · 458 to 489Jun 24, 2021 to Mar 30, 2022
- HNW clients · 569 to 599Jun 24, 2021 to Mar 30, 2022
Signals
21 dated events
- Zcm's advisors moved to F•• I••••••••• L•• (Milwaukee, WI): 4 of 7 registered, on the same dayMay 15, 2024 · Firm absorbed (people side) · derived
- Zcm reported 18 state-registered advisory representatives, up from 0 (2024-01-08 to 2024-03-29)Mar 29, 2024 · Advisor headcount change · derived
- Luis Eduardo Cortes (Chief Investment Officer - Fixed Income) no longer on Schedule A of Zcm (listed 2023-11-15, absent 2024-01-08)Jan 8, 2024 · Control person left · inference
- Marie Renee Ansbro (Chief Financial Officer) no longer on Schedule A of Zcm (listed 2023-08-18, absent 2023-11-08)Nov 8, 2023 · Control person left · inference
- John Matthew Kowieski (Director Of Operations) no longer on Schedule A of Zcm (listed 2023-08-18, absent 2023-11-08)Nov 8, 2023 · Control person left · inference
- W•••••• M• F••••••••• left Zcm for F••••••••• A•••• M••••••••• L•• (registered 2023-08-30)Sep 18, 2023 · Advisor changed firm · fact
- M William Fitzgerald (Chief Investment Officer - Zcm Sustainability) no longer on Schedule A of Zcm (listed 2023-02-21, absent 2023-05-02)May 2, 2023 · Control person left · inference
- D. Devansh Patel (Senior Managing Director) no longer on Schedule A of Zcm (listed 2022-06-01, absent 2023-02-21)Feb 21, 2023 · Control person left · inference
- D Wiley Angell (Chief Investment Officer - Famco Group) no longer on Schedule A of Zcm (listed 2022-06-01, absent 2023-02-21)Feb 21, 2023 · Control person left · inference
- Evans Papanikolaou (Chief Administrative Officer) no longer on Schedule A of Zcm (listed 2022-06-01, absent 2023-02-21)Feb 21, 2023 · Control person left · inference
- Robert Alexander Morris (Chief Executive Officer) appeared on Schedule A of ZcmFeb 21, 2023 · Control person joined · fact
- Luis Eduardo Cortes (Chief Investment Officer - Fixed Income) appeared on Schedule A of ZcmJun 1, 2022 · Control person joined · fact
- M••• B•••••• B•••• left Zcm for M••••• M•••• M••••••••• I•• (registered 2022-04-21)Apr 8, 2022 · Advisor changed firm · fact
- Evans Papanikolaou (Chief Administrative Officer) appeared on Schedule A of ZcmMar 30, 2022 · Control person joined · fact
- Marie Paula Horn (Chief Investment Officer - Fixed Income) no longer on Schedule A of Zcm (listed 2021-06-24, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Kane John Brinckerhoff (Chief Marketing Officer) no longer on Schedule A of Zcm (listed 2021-06-24, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Allen Scott Roberts (President And Chief Executive Officer) no longer on Schedule A of Zcm (listed 2021-03-30, absent 2021-06-24)Jun 24, 2021 · Control person left · inference
- M William Fitzgerald (Chief Executive Officer And Member Of The Board Of Directors) appeared on Schedule A of ZcmJun 24, 2021 · Control person joined · fact
- Kumari Monika Singh (Chief Compliance Officer) no longer on Schedule A of Zcm (listed 2021-01-15, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- Z•••••• C•••••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Apr 28, 2020 · Succession (Item 4) · fact
- Z•••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Apr 28, 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.
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