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

A•• A•••••••• F•••• L••

Former SEC-registered adviserChicago, IllinoisCRD 310335SEC 801-120405websiteIAPD
Latest filing Apr 29, 2025
First filing on the tape Sep 2, 2020 · 14 filings
SEC status approved since Mar 1, 2021
RAUM
$149M
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
8
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$149M as of Apr 29, 2025
Mar 31, 2022$163M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 29, 2025
Mar 31, 20222 then
Employees (5.A)8 as of Apr 29, 2025
Mar 31, 202213 then
Private funds1 as of Apr 29, 2025
Mar 31, 20221 then
RAUM -45% over the last fiscal year-2.9% a year over threeIARs 1 to 0
Practice profile
derived from the filing of Apr 29, 2025; 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
$49.6MderivedRAUM 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
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-45%derivedbetween the last two annual amendments
Advisor growth, one year
-100%derivedItem 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
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$149M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, 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
Private funds
2 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
A•• I• A•••••••• F••• L•Other Private Fund$268M14Sep 2, 2020
S•••••• I••••••••• V•••••••••no longer reportedOther Private Fund$1,0001Apr 20, 2021
Owners and control persons
Schedule A and B, latest filing
  • F•••••• M••••••• L•••• · Assistant Vice President
    since 07/2020 · owns less than 5%
  • G•••••• D•••••• · Senior Vice President
    since 04/2021 · owns less than 5%
  • H•••• P•••• A•••• · President And Treasurer
    since 07/2020 · owns less than 5%
  • H••••• P••••••• D••••• · Cco
    since 04/2021 · owns less than 5%
  • L••• R••••• · Vp And Assistant Secretary
    since 04/2021 · owns less than 5%
  • L••• M•••••••• S• · Avp And Assistant Secretary
    since 04/2021 · owns less than 5%
  • Z•••••••• D••••• S• · Coo
    since 07/2020 · owns less than 5%
Entity owners
  • A•• A•••••••• F•••• H•••••• C••••••••• · Holding Corporation
    direct · owns 75% or more
  • A•• P•• · Owner
    indirect · owns 75% or more of A•• A•••••••• F•••• H•••••• C••••••••• · public reporting company
Related persons
Schedule D 7.A
  • A•• H••••• I•••
    LP sponsorn
  • A•• I••••••••• •••••••• L••••••
    investment advisern
  • A•• I••••••••• C••••• I•••
    investment advisern
  • A•• I••••••••• L••••••
    investment advisern
  • A•• I••••••••• U•• I•••
    investment adviserbankpooled vehicle sponsorLP sponsornRAUM $151B
  • A•• I• A•••••••• F••• G• L••
    pooled vehicle sponsorn
  • A•• S••••••••• I••••••••• M••••••••• I•••
    investment adviserbankn
  • A•• S••••••••• L••
    broker-dealerinvestment adviserbankn
  • A•• S•••••••• U• L••••••
    investment advisern
  • A•• T•••• C•••••• L••
    n
  • T••••••• G•••• E••••• L••••••
    investment advisern
  • T••••••• H••••••• L••
    investment advisernRAUM $20B
Advisers that list A•• A•••••••• F•••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Chicago, Il · principal000
Offices
Schedule D 1.F, the 25 largest
  • New York, NY5 employees
  • San Francisco, CA2 employees
What changed
consecutive filings, newest first
  • Advisory employees · 11 to 8
    Oct 6, 2024 to Apr 29, 2025
  • BD registered reps · 4 to 2
    Oct 6, 2024 to Apr 29, 2025
  • Employees · 11 to 8
    Oct 6, 2024 to Apr 29, 2025
  • State-registered IARs · 1 to 0
    Oct 6, 2024 to Apr 29, 2025
  • Discretionary RAUM · $268M to $149M
    Oct 6, 2024 to Apr 29, 2025
  • Pooled vehicle RAUM · $268M to $149M
    Oct 6, 2024 to Apr 29, 2025
  • RAUM · $268M to $149M
    Oct 6, 2024 to Apr 29, 2025
  • Advisory employees · 20 to 11
    Dec 8, 2023 to Mar 29, 2024
  • BD registered reps · 5 to 4
    Dec 8, 2023 to Mar 29, 2024
  • Employees · 22 to 11
    Dec 8, 2023 to Mar 29, 2024
  • Accounts · 2 to 3
    Oct 20, 2022 to Mar 31, 2023
  • Advisory employees · 13 to 20
    Oct 20, 2022 to Mar 31, 2023
  • Advisory activities · 2 to 1
    Oct 20, 2022 to Mar 31, 2023
  • BD registered reps · 4 to 5
    Oct 20, 2022 to Mar 31, 2023
  • Pooled vehicle clients · 2 to 3
    Oct 20, 2022 to Mar 31, 2023
  • Employees · 13 to 22
    Oct 20, 2022 to Mar 31, 2023
  • State-registered IARs · 2 to 1
    Oct 20, 2022 to Mar 31, 2023
  • Other offices · 3 to 2
    Oct 20, 2022 to Mar 31, 2023
  • Discretionary RAUM · $163M to $268M
    Oct 20, 2022 to Mar 31, 2023
  • Pooled vehicle RAUM · $163M to $268M
    Oct 20, 2022 to Mar 31, 2023
  • RAUM · $163M to $268M
    Oct 20, 2022 to Mar 31, 2023
  • Advisory employees · 5 to 13
    Sep 15, 2021 to Mar 31, 2022
  • BD registered reps · 3 to 4
    Sep 15, 2021 to Mar 31, 2022
  • Employees · 9 to 13
    Sep 15, 2021 to Mar 31, 2022
  • Private funds · 2 to 1
    Sep 15, 2021 to Mar 31, 2022
  • Discretionary RAUM · $100M to $163M
    Sep 15, 2021 to Mar 31, 2022
  • Non-discretionary RAUM · $1,000 to $0
    Sep 15, 2021 to Mar 31, 2022
  • Pooled vehicle RAUM · $100M to $163M
    Sep 15, 2021 to Mar 31, 2022
  • RAUM · $100M to $163M
    Sep 15, 2021 to Mar 31, 2022
  • Other offices · 1 to 3
    Apr 20, 2021 to Sep 15, 2021
  • Pooled vehicle clients · 1 to 2
    Apr 15, 2021 to Apr 20, 2021
  • Private funds · 1 to 2
    Apr 15, 2021 to Apr 20, 2021
  • Non-discretionary RAUM · $300M to $1,000
    Apr 15, 2021 to Apr 20, 2021
  • Pooled vehicle RAUM · $400M to $100M
    Apr 15, 2021 to Apr 20, 2021
  • RAUM · $400M to $100M
    Apr 15, 2021 to Apr 20, 2021
  • Accounts · 0 to 2
    Jan 29, 2021 to Apr 15, 2021
  • BD registered reps · 2 to 3
    Jan 29, 2021 to Apr 15, 2021
  • Pooled vehicle clients · unset to 1.0
    Jan 29, 2021 to Apr 15, 2021
  • Employees · 7 to 9
    Jan 29, 2021 to Apr 15, 2021
  • State-registered IARs · 1 to 2
    Jan 29, 2021 to Apr 15, 2021
Signals
15 dated events
  • A•• A•••••••• F•••• L•• no longer on the SEC adviser roster (last listed 2025-05-02, RAUM $148.7M)
    Jun 2, 2025 · Left the SEC roster · derived
  • A•• A•••••••• F•••• L•• reported RAUM $148.7M, down 45% from $268.0M (2024-10-06 to 2025-04-29)
    Apr 29, 2025 · RAUM change · derived
  • T••••• J••••••• M••••• left A•• A•••••••• F•••• L•• for C•••••• C••••• G••••• I••• (registered 2025-07-28)
    Jan 31, 2024 · Advisor changed firm · fact
  • J•••• Cho (Secretary And Vp) no longer on Schedule A of A•• A•••••••• F•••• L•• (listed 2023-03-31, absent 2023-12-08)
    Dec 8, 2023 · Control person left · inference
  • A•• A•••••••• F•••• L•• reported RAUM $268.0M, up 65% from $162.5M (2022-10-20 to 2023-03-31)
    Mar 31, 2023 · RAUM change · derived
  • Brian Anthony Cochrane (Chief Commercial Officer) no longer on Schedule A of A•• A•••••••• F•••• L•• (listed 2022-03-31, absent 2022-10-20)
    Oct 20, 2022 · Control person left · inference
  • J•••• Cho (Secretary And Vp) appeared on Schedule A of A•• A•••••••• F•••• L••
    Mar 31, 2022 · Control person joined · fact
  • D•••••• G••••• (Senior Vice President) appeared on Schedule A of A•• A•••••••• F•••• L••
    Mar 31, 2022 · Control person joined · fact
  • R••••• Lee (Vp And Assistant Secretary) appeared on Schedule A of A•• A•••••••• F•••• L••
    Mar 31, 2022 · Control person joined · fact
  • S. M••••••• Ley (Avp And Assistant Secretary) appeared on Schedule A of A•• A•••••••• F•••• L••
    Mar 31, 2022 · Control person joined · fact
  • A•• A•••••••• F•••• L•• reported RAUM $100.0M, down 75% from $400.0M (2021-04-15 to 2021-04-20)
    Apr 20, 2021 · RAUM change · derived
  • Brian Anthony Cochrane (Chief Commercial Officer) appeared on Schedule A of A•• A•••••••• F•••• L••
    Apr 20, 2021 · Control person joined · fact
  • Roth James Downing (Cco) no longer on Schedule A of A•• A•••••••• F•••• L•• (listed 2021-01-29, absent 2021-04-15)
    Apr 15, 2021 · Control person left · inference
  • D••••• P•••••• H•••• (Cco) appeared on Schedule A of A•• A•••••••• F•••• L••
    Apr 15, 2021 · Control person joined · fact
  • A•• A•••••••• F•••• L•• filed its initial SEC registration (Form ADV)
    Sep 2, 2020 · 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
a••.comreportedpublic record, Form ADV, Sep 19, 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
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