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.

SEC-registered adviser

Simplify Asset Management Inc.

Asset manager (funds and pooled vehicles)Las Vegas, NevadaCRD 309535SEC 801-119255websiteIAPD
Latest filing Aug 21, 2026
First filing on the tape Jul 10, 2020 · 21 filings
SEC status approved since Aug 10, 2020
RAUM
$14B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$3.5B
derived; firm RAUM over IAPD count
Employees
45
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$14B as of Aug 21, 2026
Sep 28, 2021$690M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Aug 21, 2026
Sep 28, 20210 then
Employees (5.A)45 as of Aug 21, 2026
Sep 28, 202115 then
Private funds: no history
RAUM +477% over the last fiscal year+173% a year over threeIARs 0 to 2offices 9 to 1
Practice profile
derived from the filing of Aug 21, 2026; every figure names its basis
RAUM per advisor
$3.5BderivedRAUM 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
$319MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
11.3derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+91%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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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
  • Investment companies$14B100%
  • Pooled investment vehicles$2.3M0.0%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
44reported
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=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Paul Sang Jin KimChartered Financial AnalystLas Vegas, Nv Jul 25, 202416 y0
Borislava I IvanovaChartered Financial AnalystHeber City, Ut Oct 24, 202412 y0
Brian Carroll KelleherMiami, Fl Feb 20, 202526 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Marc David Berns · Co-Founder, Chief Information Officercontrol
        since 02/2020 · owns 25% to 50%
      • Chi Yu Fiona Ho · Chief Operating Officercontrol
        since 01/2021 · owns less than 5%
      • Carroll Brian Kelleher · Chief Revenue Officercontrol
        since 04/2021 · owns less than 5%
      • Sang Jin Paul Kim · Co-Founder, Chief Executive Officer, & Chief Compliance Officercontrol
        since 02/2020 · owns 25% to 50%
      • John Ryu · Chief Financial Officercontrol
        since 06/2021 · owns less than 5%
      • Alan Richard Kayne · Trusteecontrol
        since 01/2022 · owns F of Richard Kayne And Suzanna Kayne Living Trust
      Entity owners
      • Richard Kayne And Suzanna Kayne Living Trust · Owner
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • Brian Carroll Kelleher
        banky
      • Christopher Getter
        banky
      • David Marc Berns
        banky
      • Fiona Ho
        banky
      • Harley Bassman
        banky
      • Jason England
        banky
      • Jeffrey Schwarte
        banky
      • John Chong Ryu
        banky
      • Michael Green
        banky
      • Paul Sang Jin Kim
        banky
      • Roxton Mcneal
        banky
      • Simplify Eqls LLC
        investment adviseryRAUM $114M
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Las Vegas, Nv · principal400
      Offices
      Schedule D 1.F, the 25 largest
      • Miami, FL1 employees
      • New York, NY1 employees
      • , 1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • affiliate changedChange between filings · filing Aug 21, 2026
        bank affiliate (Item 7.A.6): yes on the filing of 2025-10-03, no on the filing of 2026-08-21
        peers: asset managers, $5B to $20B (684)
      What changed
      consecutive filings, newest first
      • Accounts · 36 to 44
        Oct 3, 2025 to Aug 21, 2026
      • Advisory employees · 17 to 14
        Oct 3, 2025 to Aug 21, 2026
      • Discretionary RAUM · $9.6B to $14B
        Oct 3, 2025 to Aug 21, 2026
      • Pooled vehicle RAUM · $1.3M to $2.3M
        Oct 3, 2025 to Aug 21, 2026
      • RAUM · $9.6B to $14B
        Oct 3, 2025 to Aug 21, 2026
      • Related adviser · true to false
        Oct 3, 2025 to Aug 21, 2026
      • Related bank · true to false
        Oct 3, 2025 to Aug 21, 2026
      • Accounts · 28 to 36
        May 7, 2025 to Oct 3, 2025
      • Advisory employees · 13 to 17
        May 7, 2025 to Oct 3, 2025
      • Advisory activities · 2 to 4
        May 7, 2025 to Oct 3, 2025
      • Pooled vehicle clients · unset to 1.0
        May 7, 2025 to Oct 3, 2025
      • Other offices · 10 to 1
        May 7, 2025 to Oct 3, 2025
      • Discretionary RAUM · $4.7B to $9.6B
        May 7, 2025 to Oct 3, 2025
      • Pooled vehicle RAUM · unset to 1250720.0
        May 7, 2025 to Oct 3, 2025
      • RAUM · $4.7B to $9.6B
        May 7, 2025 to Oct 3, 2025
      • Financial planning clients · unset to
        May 1, 2025 to May 7, 2025
      • Other offices · 11 to 10
        Nov 4, 2024 to May 1, 2025
      • Other offices · 10 to 11
        Sep 11, 2024 to Sep 26, 2024
      • Advisory activities · 1 to 2
        Aug 22, 2024 to Sep 11, 2024
      • HQ city · NEW YORK to LAS VEGAS
        Aug 22, 2024 to Sep 11, 2024
      • HQ state · NY to NV
        Aug 22, 2024 to Sep 11, 2024
      • State-registered IARs · 0 to 2
        Aug 22, 2024 to Sep 11, 2024
      • Accounts · 26 to 28
        Jul 19, 2024 to Aug 22, 2024
      • Advisory employees · 10 to 13
        Jul 19, 2024 to Aug 22, 2024
      • Employees · 30 to 45
        Jul 19, 2024 to Aug 22, 2024
      • Discretionary RAUM · $3.2B to $4.7B
        Jul 19, 2024 to Aug 22, 2024
      • RAUM · $3.2B to $4.7B
        Jul 19, 2024 to Aug 22, 2024
      • Related adviser · false to true
        Feb 14, 2024 to Feb 27, 2024
      • Other offices · 9 to 10
        Nov 6, 2023 to Jan 22, 2024
      • Discretionary RAUM · $2.4B to $3.2B
        Nov 6, 2023 to Jan 22, 2024
      • RAUM · $2.4B to $3.2B
        Nov 6, 2023 to Jan 22, 2024
      • Accounts · 21 to 26
        Dec 2, 2022 to Sep 29, 2023
      • Advisory employees · 7 to 10
        Dec 2, 2022 to Sep 29, 2023
      • Employees · 24 to 30
        Dec 2, 2022 to Sep 29, 2023
      • Other offices · 8 to 9
        Dec 2, 2022 to Sep 29, 2023
      • Discretionary RAUM · $1.4B to $2.4B
        Dec 2, 2022 to Sep 29, 2023
      • RAUM · $1.4B to $2.4B
        Dec 2, 2022 to Sep 29, 2023
      • Other offices · 7 to 8
        Sep 28, 2022 to Dec 2, 2022
      • Accounts · 12 to 21
        Sep 28, 2021 to Sep 28, 2022
      • Advisory employees · 6 to 7
        Sep 28, 2021 to Sep 28, 2022
      Signals
      14 dated events
      • Simplify Asset Management Inc. reported RAUM $14.1B, up 46% from $9.6B (2025-10-03 to 2026-08-21)
        Aug 21, 2026 · RAUM change · derived
      • Simplify Asset Management Inc. reported RAUM $9.6B, up 107% from $4.7B (2025-05-07 to 2025-10-03)
        Oct 3, 2025 · RAUM change · derived
      • Simplify Asset Management Inc. reported 1 offices beyond its principal office, down from 10 (2025-05-07 to 2025-10-03)
        Oct 3, 2025 · Office count change · derived
      • Simplify Asset Management Inc. reported RAUM $4.7B, up 46% from $3.2B (2024-07-19 to 2024-08-22)
        Aug 22, 2024 · RAUM change · derived
      • Alan Richard Kayne (Trustee) appeared on Schedule A of Simplify Asset Management Inc.
        Feb 14, 2024 · Control person joined · fact
      • Simplify Asset Management Inc. reported RAUM $3.2B, up 31% from $2.4B (2023-11-06 to 2024-01-22)
        Jan 22, 2024 · RAUM change · derived
      • Simplify Asset Management Inc. reported RAUM $2.4B, up 80% from $1.4B (2022-12-02 to 2023-09-29)
        Sep 29, 2023 · RAUM change · derived
      • Simplify Asset Management Inc. reported RAUM $1.4B, up 96% from $690.0M (2021-09-28 to 2022-09-28)
        Sep 28, 2022 · RAUM change · derived
      • Simplify Asset Management Inc. reported 7 offices beyond its principal office, up from 0 (2021-09-28 to 2022-09-28)
        Sep 28, 2022 · Office count change · derived
      • Chi Yu Fiona Cole (Chief Operating Officer) appeared on Schedule A of Simplify Asset Management Inc.
        Sep 28, 2022 · Control person joined · fact
      • John Ryu (Chief Financial Officer) appeared on Schedule A of Simplify Asset Management Inc.
        Sep 28, 2022 · Control person joined · fact
      • Simplify Asset Management Inc. reported RAUM $690.0M, up 664% from $90.3M (2020-12-08 to 2021-09-28)
        Sep 28, 2021 · RAUM change · derived
      • Carroll Brian Kelleher (Chief Revenue Officer) appeared on Schedule A of Simplify Asset Management Inc.
        Sep 28, 2021 · Control person joined · fact
      • Simplify Asset Management Inc. filed its initial SEC registration (Form ADV)
        Jul 10, 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/SIMPLIFYASSETMANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
      Website
      SIMPLIFY.USreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      702-389-9705reportedpublic record, Form ADV, Aug 21, 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
      $3.5Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026