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
I•••••••
Legal name I••••••• M••••••••• L•
Latest filing Mar 31, 2026
First filing on the tape Jun 27, 2023 · 5 filings
SEC status approved since Jul 27, 2023
RAUM
$256M
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
7
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$256M as of Mar 31, 2026
Mar 27, 2024$142M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 27, 20240 then
Employees (5.A)7 as of Mar 31, 2026
Mar 27, 20247 then
Private funds3 as of Mar 31, 2026
Mar 27, 20241 then
RAUM -3.4% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 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
- unknownderivedHNW RAUM over HNW clients
- Average account
- $63.9MderivedRAUM 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
- -3.4%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 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
- has discretionary authority over which securities are bought or sold (8.C.1)
- 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$256M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 4reported
- 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=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false 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)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| I••••••• P••••••• I• L• | Private Equity Fund | $142M | 110 | Oct 1, 2020 |
Owners and control persons
Schedule A and B, latest filing
- L••• W••••• N•• · Partnercontrolsince 07/2022 · owns less than 5%
- P••••••• D••••• J••• · Partner, Cco, Cfo, Coocontrolsince 01/2020 · owns less than 5%
- S•••••• H•••• Y••••••• · Partnercontrolsince 01/2020 · owns less than 5%
- V•••••• U••••••• N•• · Partnercontrolsince 01/2020 · owns less than 5%
- V••••• P•••• R•••••• · Partnercontrolsince 01/2020 · owns less than 5%
- P••••••• D••••• J••• · Trusteecontrolsince 01/2020 · owns F of D•••• A•• A••••• P•••••• F••••• T••••
- R••••••••• L•••• H••••• · Sole Managercontrolsince 09/2022 · owns F of L•••• D•••• I•• L••
- S•••••• H•••• Y••••••• · Trusteecontrolsince 01/2020 · owns F of 2••• S••••• F••••• T••••
- S•••••• H•••• Y••••••• · Managercontrolsince 01/2020 · owns 75% or more of B••••••••• H•••••••• L••
- V•••••• U••••••• N•• · Partnercontrolsince 01/2020 · owns 25% to 50% of I••••••• F••••••• L••
- V••••• P•••• R•••••• · Trusteecontrolsince 01/2020 · owns F of T••••• V•••• T••••
Entity owners
- I••••••• F••••••• L•• · General Partnerdirect · owns less than 5%
- I••••••• H••••••• L•• · Limited Partnerdirect · owns 75% or more
- 2••• S••••• F••••• T•••• · Memberindirect · owns 75% or more of B••••••••• H•••••••• L••
- B••••••••• H•••••••• L•• · Memberindirect · owns 25% to 50% of I••••••• F••••••• L••
- B••• M••• T•••• C•••••• O• D••••••• · Trusteeindirect · owns F of H••••• D••••••• T••••
- D•••• A•• A••••• P•••••• F••••• T•••• · Memberindirect · owns 25% to 50% of I••••••• F••••••• L••
- H••••• D••••••• T•••• · Memberindirect · owns 75% or more of L•••• D•••• I•• L••
- I••••••• F••••••• L•• · Memberindirect · owns 75% or more of I••••••• H••••••• L••
- I••••••• I•••••••• L•• · Memberindirect · owns F of I••••••• H••••••• L••
- L•••• D•••• I•• L•• · Memberindirect · owns 25% to 50% of I••••••• I•••••••• L••
- T••••• V•••• T•••• · Memberindirect · owns 25% to 50% of I••••••• F••••••• L••
Related persons
Schedule D 7.A
- I••••••• C•••• C•• L••pooled vehicle sponsorn
- T•••• 1• M•• I• G•• L••investment adviserpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 3 to 4Sep 23, 2025 to Mar 31, 2026
- Advisory employees · 7 to 6Sep 23, 2025 to Mar 31, 2026
- Pooled vehicle clients · 3 to 4Sep 23, 2025 to Mar 31, 2026
- Employees · 8 to 7Sep 23, 2025 to Mar 31, 2026
- Discretionary RAUM · $265M to $256MSep 23, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $265M to $256MSep 23, 2025 to Mar 31, 2026
- RAUM · $265M to $256MSep 23, 2025 to Mar 31, 2026
- Accounts · 1 to 3Mar 27, 2024 to Mar 19, 2025
- Advisory employees · 6 to 7Mar 27, 2024 to Mar 19, 2025
- Pooled vehicle clients · 1 to 3Mar 27, 2024 to Mar 19, 2025
- Employees · 7 to 8Mar 27, 2024 to Mar 19, 2025
- Financial planning clients · unset to Mar 27, 2024 to Mar 19, 2025
- Private funds · 1 to 3Mar 27, 2024 to Mar 19, 2025
- Discretionary RAUM · $142M to $265MMar 27, 2024 to Mar 19, 2025
- Pooled vehicle RAUM · $142M to $265MMar 27, 2024 to Mar 19, 2025
- RAUM · $142M to $265MMar 27, 2024 to Mar 19, 2025
- Private funds · 2 to 1Jun 27, 2023 to Mar 27, 2024
- Discretionary RAUM · $154M to $142MJun 27, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $154M to $142MJun 27, 2023 to Mar 27, 2024
- RAUM · $154M to $142MJun 27, 2023 to Mar 27, 2024
Signals
3 dated events
- Inceptiv reported RAUM $264.5M, up 86% from $142.1M (2024-03-27 to 2025-03-19)Mar 19, 2025 · RAUM change · derived
- Nmn Wayne Lou (Partner) appeared on Schedule A of InceptivMar 27, 2024 · Control person joined · fact
- Inceptiv filed its initial SEC registration (Form ADV)Jun 27, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
- Website
- inceptiv.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 424-363-0200reportedpublic record, Form ADV, Mar 31, 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
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026