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SEC-registered adviser

W•••••• C•••••• M••••••••• L••••••

Asset manager (funds and pooled vehicles)Hong Kong, CRD 310353SEC 801-119495IAPD
Latest filing Mar 24, 2026
First filing on the tape Aug 20, 2020 · 7 filings
SEC status approved since Feb 18, 2021
RAUM
$806M
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
13
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$806M as of Mar 24, 2026
Mar 29, 2022$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 29, 20220 then
Employees (5.A)13 as of Mar 24, 2026
Mar 29, 20227 then
Private funds1 as of Mar 24, 2026
Mar 29, 20222 then
RAUM +40% over the last fiscal year-10% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 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
$134MderivedRAUM 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
+40%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
$806M, 6 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$806M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$806M for 6 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
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • L••• X••• · Chief Investment Officer, Owner, Directorcontrol
        since 09/2017 · owns 50% to 75%
      • L••• X••••• · Shareholdercontrol
        since 09/2017 · owns 25% to 50%
      • M•• Y••••• · Chief Operating Officercontrol
        since 12/2017 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • custody status changedChange between filings · filing Mar 24, 2026
        custody of client assets (Item 9.A): no on the filing of 2025-03-24, yes on the filing of 2026-03-24
        peers: asset managers, $500M to $1B (784)
      What changed
      consecutive filings, newest first
      • Accounts · 7 to 6
        Mar 24, 2025 to Mar 24, 2026
      • Pooled vehicle clients · 7 to 6
        Mar 24, 2025 to Mar 24, 2026
      • Assets in custody · unset to 806253399.0
        Mar 24, 2025 to Mar 24, 2026
      • Custody of client assets · false to true
        Mar 24, 2025 to Mar 24, 2026
      • Employees · 14 to 13
        Mar 24, 2025 to Mar 24, 2026
      • Organization form · Other (specify) to Corporation
        Mar 24, 2025 to Mar 24, 2026
      • Discretionary RAUM · $577M to $806M
        Mar 24, 2025 to Mar 24, 2026
      • Pooled vehicle RAUM · $577M to $806M
        Mar 24, 2025 to Mar 24, 2026
      • RAUM · $577M to $806M
        Mar 24, 2025 to Mar 24, 2026
      • Accounts · 8 to 7
        Mar 21, 2024 to Mar 24, 2025
      • Advisory activities · 2 to 1
        Mar 21, 2024 to Mar 24, 2025
      • Employees · 15 to 14
        Mar 21, 2024 to Mar 24, 2025
      • Financial planning clients · unset to
        Mar 21, 2024 to Mar 24, 2025
      • HQ state · unset to
        Mar 21, 2024 to Mar 24, 2025
      • Private funds · 2 to 1
        Mar 21, 2024 to Mar 24, 2025
      • Discretionary RAUM · $766M to $577M
        Mar 21, 2024 to Mar 24, 2025
      • Pooled vehicle RAUM · $713M to $577M
        Mar 21, 2024 to Mar 24, 2025
      • RAUM · $766M to $577M
        Mar 21, 2024 to Mar 24, 2025
      • Accounts · 9 to 8
        Mar 29, 2023 to Mar 21, 2024
      • Advisory employees · 5 to 7
        Mar 29, 2023 to Mar 21, 2024
      • Employees · 12 to 15
        Mar 29, 2023 to Mar 21, 2024
      • Private funds · 3 to 2
        Mar 29, 2023 to Mar 21, 2024
      • Discretionary RAUM · $1.1B to $766M
        Mar 29, 2023 to Mar 21, 2024
      • Pooled vehicle RAUM · $1.0B to $713M
        Mar 29, 2023 to Mar 21, 2024
      • RAUM · $1.1B to $766M
        Mar 29, 2023 to Mar 21, 2024
      • Accounts · 10 to 9
        Mar 29, 2022 to Mar 29, 2023
      • Advisory employees · 3 to 5
        Mar 29, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 6 to 7
        Mar 29, 2022 to Mar 29, 2023
      • Employees · 7 to 12
        Mar 29, 2022 to Mar 29, 2023
      • Organization form · Corporation to Other (specify)
        Mar 29, 2022 to Mar 29, 2023
      • Private funds · 2 to 3
        Mar 29, 2022 to Mar 29, 2023
      • Discretionary RAUM · $1.2B to $1.1B
        Mar 29, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $889M to $1.0B
        Mar 29, 2022 to Mar 29, 2023
      • RAUM · $1.2B to $1.1B
        Mar 29, 2022 to Mar 29, 2023
      • Accounts · 7 to 10
        Sep 16, 2020 to Mar 29, 2022
      • Advisory employees · 1 to 3
        Sep 16, 2020 to Mar 29, 2022
      • Employees · 5 to 7
        Sep 16, 2020 to Mar 29, 2022
      • Discretionary RAUM · $476M to $1.2B
        Sep 16, 2020 to Mar 29, 2022
      • Pooled vehicle RAUM · $419M to $889M
        Sep 16, 2020 to Mar 29, 2022
      • RAUM · $476M to $1.2B
        Sep 16, 2020 to Mar 29, 2022
      Signals
      4 dated events
      • W•••••• C•••••• M••••••••• L•••••• reported RAUM $806.3M, up 40% from $576.9M (2025-03-24 to 2026-03-24)
        Mar 24, 2026 · RAUM change · derived
      • W•••••• C•••••• M••••••••• L•••••• reported RAUM $766.3M, down 32% from $1.1B (2023-03-29 to 2024-03-21)
        Mar 21, 2024 · RAUM change · derived
      • W•••••• C•••••• M••••••••• L•••••• reported RAUM $1.2B, up 145% from $475.9M (2020-09-16 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • W•••••• C•••••• M••••••••• L•••••• filed its initial SEC registration (Form ADV)
        Aug 20, 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
      Principal office phone
      +852 39791800reportedpublic record, Form ADV, Mar 24, 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