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

B••••••••• B•• A••••••• L••

Former SEC-registered adviserNew York, New YorkCRD 309500SEC 801-118987IAPD
Latest filing May 8, 2023
First filing on the tape May 28, 2020 · 14 filings
RAUM
$3.4B
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
66
38 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$3.4B gross assets
History
14 filings and snapshots on the tape
RAUM$3.4B as of Mar 31, 2023
Mar 31, 2021$1.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2023
Mar 31, 20210 then
Employees (5.A)66 as of Mar 31, 2023
Mar 31, 202138 then
Private funds2 as of Mar 31, 2023
Mar 31, 20211 then
RAUM +50% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of May 8, 2023; 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
$1.7BderivedRAUM 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
+50%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$1.3B, 2 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
  • 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$3.4B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$1.3B for 2 clientsreported
Compensation
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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B••••••••• M••••••••• M••••• F••• L•Hedge Fund$3.1B7Aug 13, 2020
      B••••••••• M••••••••• E••••••• M••••• F••• L•Hedge Fund$332M4Aug 29, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • H•••• A••••• J••• · Chief Investment Officercontrol
        since 01/2019 · owns less than 5%
      • H•••••••• B••••• T••••• · Chief Compliance Officercontrol
        since 01/2019 · owns less than 5%
      • S•••••• B••••• H• · Chief Operating Officercontrol
        since 01/2021 · owns less than 5%
      • S•••••• J••••• S•••• · Head Of Bhs A••••••Scontrol
        since 01/2019 · owns less than 5%
      Entity owners
      • B••••••••• P••••• S••••••••• G•••• H••••••• L•• · Sole Member Of B••••••••• B•• A••••••• L••
        direct · owns 75% or more
      • B••••••••• A•••• M••••••••• L••• · Owner
        indirect · owns 25% to 50% of B••••••••• A•••• M••••••••• U•• · public reporting company
      • B••••••••• A•••• M••••••••• U•• · Owner
        indirect · owns 75% or more of B••••••••• U• H••••••• I••
      • B••••••••• C••••••••• · Owner
        indirect · owns 75% or more of B••••••••• A•••• M••••••••• U•• · public reporting company
      • B••••••••• U• H••••••• I•• · Owner
        indirect · owns 75% or more of B••••••••• U• I••
      • B••••••••• U• I•• · Owner
        indirect · owns 75% or more of B••••••••• P••••• S••••••••• G•••• H••••••• L••
      Related persons
      Schedule D 7.A
      Advisers that list B••••••••• B•• A••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 28 to 38
        Aug 29, 2022 to Mar 31, 2023
      • Assets in custody · $901M to $1.3B
        Aug 29, 2022 to Mar 31, 2023
      • Employees · 52 to 66
        Aug 29, 2022 to Mar 31, 2023
      • Discretionary RAUM · $3.3B to $3.4B
        Aug 29, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $3.3B to $3.4B
        Aug 29, 2022 to Mar 31, 2023
      • RAUM · $3.3B to $3.4B
        Aug 29, 2022 to Mar 31, 2023
      • Accounts · 1 to 2
        Jun 3, 2022 to Aug 29, 2022
      • Pooled vehicle clients · 1 to 2
        Jun 3, 2022 to Aug 29, 2022
      • Private funds · 1 to 2
        Jun 3, 2022 to Aug 29, 2022
      • Discretionary RAUM · $2.3B to $3.3B
        Jun 3, 2022 to Aug 29, 2022
      • Pooled vehicle RAUM · $2.3B to $3.3B
        Jun 3, 2022 to Aug 29, 2022
      • RAUM · $2.3B to $3.3B
        Jun 3, 2022 to Aug 29, 2022
      • Advisory employees · 29 to 28
        Mar 31, 2021 to Mar 31, 2022
      • Assets in custody · $759M to $901M
        Mar 31, 2021 to Mar 31, 2022
      • Employees · 38 to 52
        Mar 31, 2021 to Mar 31, 2022
      • Financial planning clients · 0 to unset
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.7B to $2.3B
        Mar 31, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $1.7B to $2.3B
        Mar 31, 2021 to Mar 31, 2022
      • RAUM · $1.7B to $2.3B
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 21 to 29
        Jan 15, 2021 to Mar 31, 2021
      • Assets in custody · $603M to $759M
        Jan 15, 2021 to Mar 31, 2021
      • Employees · 32 to 38
        Jan 15, 2021 to Mar 31, 2021
      • Other offices · 1 to 0
        Jan 15, 2021 to Mar 31, 2021
      • Discretionary RAUM · $1.6B to $1.7B
        Jan 15, 2021 to Mar 31, 2021
      • Pooled vehicle RAUM · $1.6B to $1.7B
        Jan 15, 2021 to Mar 31, 2021
      • RAUM · $1.6B to $1.7B
        Jan 15, 2021 to Mar 31, 2021
      • Pooled vehicle clients · unset to 1.0
        Jun 4, 2020 to Aug 13, 2020
      • Assets in custody · unset to 603441891.0
        Jun 4, 2020 to Aug 13, 2020
      • Custody of client assets · false to true
        Jun 4, 2020 to Aug 13, 2020
      • Employees · 28 to 32
        Jun 4, 2020 to Aug 13, 2020
      • Private funds · unset to 1
        Jun 4, 2020 to Aug 13, 2020
      • Discretionary RAUM · $1.2B to $1.6B
        Jun 4, 2020 to Aug 13, 2020
      • Pooled vehicle RAUM · unset to 1580514867.0
        Jun 4, 2020 to Aug 13, 2020
      • RAUM · $1.2B to $1.6B
        Jun 4, 2020 to Aug 13, 2020
      • Business name · B••••••••• H•••• S•••••••• to B••••••••• B•• A••••••• L••
        May 28, 2020 to Jun 4, 2020
      • Legal name · B••••••••• H•••• S•••••••• LLC to B••••••••• B•• A••••••• L••
        May 28, 2020 to Jun 4, 2020
      Signals
      5 dated events
      • B••••••••• B•• A••••••• L•• reported RAUM $3.3B, up 42% from $2.3B (2022-06-03 to 2022-08-29)
        Aug 29, 2022 · RAUM change · derived
      • B••••••••• B•• A••••••• L•• reported RAUM $2.3B, up 35% from $1.7B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • H Brian Siegel (Chief Operating Officer) appeared on Schedule A of B••••••••• B•• A••••••• L••
        Mar 31, 2022 · Control person joined · fact
      • B••••••••• B•• A••••••• L•• reported RAUM $1.6B, up 28% from $1.2B (2020-06-04 to 2020-08-13)
        Aug 13, 2020 · RAUM change · derived
      • B••••••••• H•••• S•••••••• filed its initial SEC registration (Form ADV)
        May 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