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

R••••• L••

Wealth manager with institutional or fund businessLondon, CRD 309733SEC 801-122307websiteIAPD
Latest filing Aug 19, 2026
First filing on the tape Aug 13, 2021 · 14 filings
SEC status approved since Sep 15, 2021
RAUM
$25B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
25%
$6.3B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
282
35 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$25B as of Aug 19, 2026
Jun 24, 2022$32B then
HNW client RAUM$0 as of Aug 19, 2026
Jun 24, 2022$0 then
State-registered IARs (5.B.3)0 as of Aug 19, 2026
Jun 24, 20220 then
Employees (5.A)282 as of Aug 19, 2026
Jun 24, 2022353 then
Private funds1 as of Aug 19, 2026
Jun 24, 20221 then
RAUM -8.2% over the last fiscal year-7.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 19, 2026; every figure names its basis
Archetypes, each a printed rule
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
$4.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
12%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
-11%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-9.0%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$13B53%
  • Individuals$6.3B25%
  • Corporations and businesses$2.6B10%
  • Pension and profit-sharing plans$1.6B6.3%
  • Charitable organizations$1.2B4.6%
  • Insurance companies$190M0.8%
Individual clients
4,669reported
HNW clients
0reported
Pension plan clients
47reported
Charitable clients
199reported
Accounts
5,250reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.25 fund_share=0.53 institutional_share=0.12 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
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      R••••• S•••• • R••••• T•••• R••••• I•••••••••Other Private Fund$4.9B800Jun 30, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• C••••••••• · Chief Executive Officer And Board Member (And Partner)control
        since 04/2021 · owns 5% to 10%
      • B•••• M••••••• J••• · Deputy Ceo And Board Member (And Partner)control
        since 04/2021 · owns less than 5%
      • B••••••••• E•••••• K•••••••• H•••••• · Chief Of Staff (And Partner)control
        since 09/2024 · owns less than 5%
      • C•••••• M•••••• B•••••• · Finance Director (And Partner)control
        since 06/2023 · owns less than 5%
      • G••••• L••• · Head Of Core Fund Management (And Partner)control
        since 09/2020 · owns less than 5%
      • H••••••• L•••• A•••••••• · Chief Compliance Officer (And Partner)control
        since 09/2024 · owns less than 5%
      • M••••• H••••• J•••• · Executive Chairman, Chief Member (And Partner ) Member Member (And Partner) Partner) Membercontrol
        since 01/2026 · owns 5% to 10%
      • M••••••• N•••• A••• · Co-Chief Investment Officer (And Partner )control
        since 06/2023 · owns less than 5%
      • M•••••••• S••••• O••••• · Chief Operations Officer (And Partner)control
        since 06/2023 · owns less than 5%
      • N••••• J••••••• M•••••• · Head Of Clients And Distributioncontrol
        since 06/2025 · owns less than 5%
      • R•••••• J•••••••• G•••••• · Executive Chairman And Board Member (And Partner)control
        since 08/2003 · owns less than 5%
      • S••••• K••••• J••• · Chief Legal Officer (And Partner)control
        since 02/2022 · owns less than 5%
      • A••••• T•••• J•••• · Interim Chief Compliance Officer
        since 07/2026 · owns less than 5%
      • F••••••• C•••••••• D•••• · Non-Executive Director And Board Member
        since 07/2021 · owns less than 5%
      • M••••• F•••• · Non-Executive Director And Board Member
        since 02/2018 · owns less than 5%
      • R••••••••• T•••••• M•••••••• · Non-Executive Director And Board Member
        since 04/2023 · owns less than 5%
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • Edinburgh, United Kingdom3 employees
      ADV anomalies
      9 against comparable advisers; where to look, not conclusions
      • control person changedChange between filings · filing Aug 19, 2026
        N••••• J••••••• M•••••• (HEAD OF CLIENTS AND DISTRIBUTION) appeared on Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        M••••••• N•••• A••• (CO-CHIEF INVESTMENT OFFICER (AND PARTNER )) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        R•••••• J•••••••• G•••••• (EXECUTIVE CHAIRMAN AND BOARD MEMBER (AND PARTNER)) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        B•••• M••••••• J••• (DEPUTY CEO AND BOARD MEMBER (AND PARTNER)) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        B••••• C••••••••• (CHIEF EXECUTIVE OFFICER AND BOARD MEMBER (AND PARTNER)) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        S••••• K••••• J••• (CHIEF LEGAL OFFICER (AND PARTNER)) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        H••••••• L•••• A•••••••• (CHIEF COMPLIANCE OFFICER (AND PARTNER)) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        G••••• L••• (HEAD OF CORE FUND MANAGEMENT (AND PARTNER)) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      • control person changedChange between filings · filing Aug 19, 2026
        B••••••••• E•••••• K•••••••• H•••••• (CHIEF OF STAFF (AND PARTNER)) left Schedule A between the filings of 2024-10-07 and 2026-08-19
        peers: independent wealth managers, $20B and over (84)
      What changed
      consecutive filings, newest first
      • Accounts · 6,056 to 5,250
        Mar 17, 2026 to Jun 26, 2026
      • Advisory employees · 42 to 35
        Mar 17, 2026 to Jun 26, 2026
      • Charity clients · 225 to 199
        Mar 17, 2026 to Jun 26, 2026
      • Corporate clients · 227 to 196
        Mar 17, 2026 to Jun 26, 2026
      • Individual clients · 5,363 to 4,669
        Mar 17, 2026 to Jun 26, 2026
      • Pension plan clients · 82 to 47
        Mar 17, 2026 to Jun 26, 2026
      • Employees · 312 to 282
        Mar 17, 2026 to Jun 26, 2026
      • Discretionary RAUM · $24B to $25B
        Mar 17, 2026 to Jun 26, 2026
      • Individual RAUM · $6.2B to $6.3B
        Mar 17, 2026 to Jun 26, 2026
      • Pension RAUM · $2.7B to $1.6B
        Mar 17, 2026 to Jun 26, 2026
      • Pooled vehicle RAUM · $12B to $13B
        Mar 17, 2026 to Jun 26, 2026
      • RAUM · $24B to $25B
        Mar 17, 2026 to Jun 26, 2026
      • Accounts · 6,650 to 6,056
        Oct 7, 2024 to Jun 27, 2025
      • Advisory employees · 133 to 42
        Oct 7, 2024 to Jun 27, 2025
      • Charity clients · 251 to 225
        Oct 7, 2024 to Jun 27, 2025
      • Corporate clients · 261 to 227
        Oct 7, 2024 to Jun 27, 2025
      • Individual clients · 5,892 to 5,363
        Oct 7, 2024 to Jun 27, 2025
      • Pension plan clients · 97 to 82
        Oct 7, 2024 to Jun 27, 2025
      • Employees · 332 to 312
        Oct 7, 2024 to Jun 27, 2025
      • Financial planning clients · unset to
        Oct 7, 2024 to Jun 27, 2025
      • HQ state · unset to
        Oct 7, 2024 to Jun 27, 2025
      • Discretionary RAUM · $27B to $24B
        Oct 7, 2024 to Jun 27, 2025
      • Individual RAUM · $7.4B to $6.2B
        Oct 7, 2024 to Jun 27, 2025
      • Pension RAUM · $2.9B to $2.7B
        Oct 7, 2024 to Jun 27, 2025
      • Pooled vehicle RAUM · $13B to $12B
        Oct 7, 2024 to Jun 27, 2025
      • RAUM · $27B to $24B
        Oct 7, 2024 to Jun 27, 2025
      • Related bank · false to true
        Oct 7, 2024 to Jun 27, 2025
      • Accounts · 6,884 to 6,650
        Dec 14, 2023 to Jun 26, 2024
      • Advisory employees · 177 to 133
        Dec 14, 2023 to Jun 26, 2024
      • Charity clients · 250 to 251
        Dec 14, 2023 to Jun 26, 2024
      • Corporate clients · 274 to 261
        Dec 14, 2023 to Jun 26, 2024
      • Individual clients · 5,798 to 5,892
        Dec 14, 2023 to Jun 26, 2024
      • Pension plan clients · 138 to 97
        Dec 14, 2023 to Jun 26, 2024
      • Pooled vehicle clients · 16 to 20
        Dec 14, 2023 to Jun 26, 2024
      • Employees · 352 to 332
        Dec 14, 2023 to Jun 26, 2024
      • Discretionary RAUM · $31B to $27B
        Dec 14, 2023 to Jun 26, 2024
      • Individual RAUM · $7.2B to $7.4B
        Dec 14, 2023 to Jun 26, 2024
      • Pension RAUM · $3.4B to $2.9B
        Dec 14, 2023 to Jun 26, 2024
      • Pooled vehicle RAUM · $15B to $13B
        Dec 14, 2023 to Jun 26, 2024
      • RAUM · $31B to $27B
        Dec 14, 2023 to Jun 26, 2024
      Signals
      13 dated events
      • M••• Louise Stanway (Chief Compliance Officer (And Partner)) no longer on Schedule A of R••••• L•• (listed 2024-07-19, absent 2024-10-07)
        Oct 7, 2024 · Control person left · inference
      • Omar Kodmani (Head Of Clients & Distribution (And Partner)) no longer on Schedule A of R••••• L•• (listed 2024-07-19, absent 2024-10-07)
        Oct 7, 2024 · Control person left · inference
      • Alexandra Lucy Hodgson (Chief Compliance Officer (And Partner)) appeared on Schedule A of R••••• L••
        Oct 7, 2024 · Control person joined · fact
      • Katherine Heather Edwina Blackford (Chief Of Staff (And Partner)) appeared on Schedule A of R••••• L••
        Oct 7, 2024 · Control person joined · fact
      • Luka Gakic (Head Of Core Fund Management (And Partner)) appeared on Schedule A of R••••• L••
        Jul 19, 2024 · Control person joined · fact
      • Omar Kodmani (Head Of Clients & Distribution (And Partner)) appeared on Schedule A of R••••• L••
        Jul 19, 2024 · Control person joined · fact
      • B•••••• M••••• C••••• (Finance Director (And Partner)) appeared on Schedule A of R••••• L••
        Jul 19, 2024 · Control person joined · fact
      • Alan Neil Mcleish (Co-Chief Investment Officer (And Partner )) appeared on Schedule A of R••••• L••
        Jul 19, 2024 · Control person joined · fact
      • B••••••• S•••• M••••••• (Chief Operations Officer) appeared on Schedule A of R••••• L••
        Jun 28, 2023 · Control person joined · fact
      • Evan Michael Gower (Chief Financial Officer (And Board Member)) no longer on Schedule A of R••••• L•• (listed 2022-06-24, absent 2023-04-12)
        Apr 12, 2023 · Control person left · inference
      • R••••• L•• reported RAUM $31.6B, up 37% from $23.1B (2021-08-13 to 2022-06-24)
        Jun 24, 2022 · RAUM change · derived
      • M••• C••••••••• V•••••• (Chief Executive Officer (And Board Member)) no longer on Schedule A of R••••• L•• (listed 2021-08-13, absent 2022-06-24)
        Jun 24, 2022 · Control person left · inference
      • R••••• L•• filed its initial SEC registration (Form ADV)
        Aug 13, 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
      Business phone
      917-947-3003reportedpublished by the firm, firm site, Sep 16, 2026
      Website
      ruffer.co.ukreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      00 44 20 7963 8100reportedpublic record, Form ADV, Aug 19, 2026
      Contact form
      ruffer.co.uk/en/contactreportedpublished by the firm, firm site, Sep 16, 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
      Wealth manager with institutional or fund businessderiveda 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