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
C••• D•••••••• I•••••••••
Legal name C••• D•••••••• H••••••• L•
Latest filing May 31, 2026
First filing on the tape Jan 8, 2021 · 19 filings
SEC status approved since Feb 8, 2021
RAUM
$244M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
76%
$185M individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$20.4M
derived; firm RAUM over IAPD count
Employees
16
9 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
4
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$244M as of May 31, 2026
Mar 30, 2022$197M then
HNW client RAUM$185M as of May 31, 2026
Mar 30, 2022$34.3M then
State-registered IARs (5.B.3)9 as of May 31, 2026
Mar 30, 20228 then
Employees (5.A)16 as of May 31, 2026
Mar 30, 202214 then
Private funds4 as of May 31, 2026
Mar 30, 20231 then
RAUM -8.0% over the last fiscal year+16% a year over threeIARs 9 to 9
Practice profile
derived from the filing of May 31, 2026; every figure names its basis
Archetypes, each a printed rule
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $20.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 8derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $1.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 2.4derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- -8.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.9%derived
- Compensation
- percentage of assets, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisersreportedItem 5.G
- Custody
- $24.6M, 4 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
- 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)
- 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)
- 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
- High-net-worth individuals$185M76%
- Investment companies$32.4M13%
- Pooled investment vehicles$24.6M10%
- Corporations and businesses$2.9M1.2%
- Individual clients
- 0reported
- HNW clients
- 100reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 178reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $24.6M for 4 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.76 fund_share=0.23 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• M•••••• M••••••••Chartered Financial Analyst | Santa Fe, Nm | Feb 9, 2021 | 18 y | 1 |
| C••••••••• M•••••• R•••Chartered Financial Analyst | Santa Fe, Nm | Feb 9, 2021 | 18 y | 0 |
| C••••• R••• B•••••Chartered Financial Analyst | Santa Fe, Nm | Feb 9, 2021 | 25 y | 1 |
| W•••• V••••• W•••••Chartered Financial Analyst | Santa Fe, Nm | Feb 17, 2021 | 23 y | 0 |
| J••• B••••••• V•• E••••Chartered Financial Analyst | Austin, Tx | Jul 13, 2021 | 12 y | 2 |
| S•••• S•••• | Santa Fe, Nm | Sep 16, 2021 | 10 y | 0 |
| M••••••• A•• N••••• | Santa Fe, Nm | Apr 8, 2022 | 20 y | 1 |
| J••• H•••• L••Chartered Financial Analyst | Tenafly, Nj | Aug 23, 2022 | 11 y | 0 |
| C•••• A•••• D•• | Aurora, Co | Apr 26, 2023 | 12 y | 0 |
| Q•••• P•••••• R•••••• | Santa Fe, Nm | Apr 5, 2026 | 24 y | 2 |
| R••• B•••• R•••••••••Chartered Financial Analyst | Santa Fe, Nm | Apr 5, 2026 | 17 y | 0 |
| R••••• L• G••••••• | Santa Fe, Nm | Aug 31, 2026 | 11 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- J••• H••••••• M••••• to E•••••• F•••••••• E••••••Feb 21, 2025 · RIA to RIA
- T•••••• R••• O••••••• to L•••• A••••• • C•• L••Aug 17, 2022 · Other
- S•••••• J•••••• to I••••••••• A••••• I••••••••• M••••••••• L••Feb 4, 2022 · Other
Joined, latest
- Q•••• P•••••• R•••••• from I••••••••• I••••••••• C••••••••• L••Apr 5, 2026 · RIA to RIA
- J••• H••••••• M••••• from A••••••• C•••••• A••••••• S•••••••• I•••Jun 16, 2024 · Other
- M••••••• A•• N••••• from T•••••••• I••••••••• M••••••••• I••Apr 8, 2022 · Other
- J••• B••••••• V•• E•••• from P••••••• C•••••• A••••••• C•••••••••Jul 13, 2021 · Other
- T•••••• R••• O••••••• from P•••• A•••••••• I•••Mar 18, 2021 · Other
- C••••• R••• B••••• from T•••••••• I••••••••• M••••••••• I••Feb 9, 2021 · Other
- S•••••• J•••••• from T•••••••• I••••••••• M••••••••• I••Feb 9, 2021 · Other
- R••••• M•••••• M•••••••• from T•••••••• I••••••••• M••••••••• I••Feb 9, 2021 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from T•••••••• I••••••••• M••••••••• I••Feb 11, 2020 · Santa Fe, Nm
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C•• U• H••••••• I• L• | Private Equity Fund | $8.0M | 49 | Mar 30, 2023 |
| C•• Z•• H•••••••• L• | Private Equity Fund | $1.6M | 13 | Mar 27, 2024 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• C•••••• R••• · Chief Executive Officer, Directorcontrolsince 11/2020 · owns less than 5%
- G•••••••• J•••• E•••• · Chief Compliance Officer, Chief Operating Officer, Chief Financial Officercontrolsince 11/2020 · owns less than 5%
- B•••••• C•••••• R••• · Managing Membercontrolsince 11/2020 · owns F of C••• D•••••••• I••••••••• L••
- B•••••• C•••••• R••• · Managing Membercontrolsince 11/2020 · owns 75% or more of C••• D•••••••• H••••••• G• L••
- N•••••••• J••••• L•••••• E• · Directorsince 01/2021 · owns less than 5%
- R•••• L••• M•••••• · Directorsince 01/2021 · owns less than 5%
- R••••••••• L•••••• R•••••• · Directorsince 01/2021 · owns less than 5%
- R•••• C••••••••• M•••••• · Directorsince 01/2021 · owns less than 5%
Entity owners
- C••• D•••••••• I••••••••• L•• · Limited Partnerdirect · owns 75% or more
- C••• D•••••••• H••••••• G• L•• · General Partnerdirect · owns less than 5%
Related persons
Schedule D 7.A
- C••• D•••••••• A••••••••• G•• L••pooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Santa Fe, Nm · principal | 12 | 3 | 0 | ||
| Austin, Tx | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- institutional to wealth shiftCombination · filing Mar 6, 2026institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $265,806,164 to $244,435,498, advisors 9 to 9, private clients 91 to 100, offices 4 to 4 (2025-03-26 to 2026-03-06)peers: independent wealth managers, $100M to $500M (5,676)
- client mix shiftChange between filings · filing Mar 6, 2026private-client share of RAUM moved from 46.0% to 76.0% between the annual amendments of 2025-03-26 and 2026-03-06peers: independent wealth managers, $100M to $500M (5,676)
- discretionary share shiftChange between filings · filing Mar 6, 2026discretionary share of RAUM moved from 53.0% to 100.0% between the annual amendments of 2025-03-26 and 2026-03-06peers: independent wealth managers, $100M to $500M (5,676)
- HNW share shiftChange between filings · filing Mar 6, 2026HNW share of RAUM moved from 46.0% to 76.0% between the annual amendments of 2025-03-26 and 2026-03-06peers: independent wealth managers, $100M to $500M (5,676)
- institutional asset share shiftChange between filings · filing Mar 6, 2026institutional share of RAUM moved from 50.0% to 1.0% between the annual amendments of 2025-03-26 and 2026-03-06peers: independent wealth managers, $100M to $500M (5,676)
- private fund count surgeChange between filings · filing Mar 6, 2026private funds (Schedule D 7.B.1) moved from 2.0 to 4.0 (+100.0%) between the annual amendments of 2025-03-26 and 2026-03-06; the peer median change was 0.0% (126 comparable advisers, 95.0th percentile of changes)peers: independent wealth managers, $100M to $500M (126) · 95% percentile
What changed
consecutive filings, newest first
- Accounts · 152 to 178Sep 17, 2025 to Mar 6, 2026
- Advisory employees · 8 to 9Sep 17, 2025 to Mar 6, 2026
- HNW clients · 91 to 100Sep 17, 2025 to Mar 6, 2026
- Pooled vehicle clients · 2 to 4Sep 17, 2025 to Mar 6, 2026
- Assets in custody · $10.4M to $24.6MSep 17, 2025 to Mar 6, 2026
- Employees · 13 to 16Sep 17, 2025 to Mar 6, 2026
- Private funds · 2 to 4Sep 17, 2025 to Mar 6, 2026
- Discretionary RAUM · $141M to $244MSep 17, 2025 to Mar 6, 2026
- HNW RAUM · $122M to $185MSep 17, 2025 to Mar 6, 2026
- Non-discretionary RAUM · $125M to $0Sep 17, 2025 to Mar 6, 2026
- Pooled vehicle RAUM · $10.4M to $24.6MSep 17, 2025 to Mar 6, 2026
- RAUM · $266M to $244MSep 17, 2025 to Mar 6, 2026
- Advisory activities · 4 to 5Mar 26, 2025 to Sep 17, 2025
- Advisory employees · 9 to 8Jul 16, 2024 to Mar 26, 2025
- Advisory activities · 3 to 4Jul 16, 2024 to Mar 26, 2025
- Accounts · 91 to 152Jul 16, 2024 to Mar 26, 2025
- HNW clients · 40 to 91Jul 16, 2024 to Mar 26, 2025
- Assets in custody · $9.6M to $10.4MJul 16, 2024 to Mar 26, 2025
- Employees · 14 to 13Jul 16, 2024 to Mar 26, 2025
- Financial planning clients · unset to Jul 16, 2024 to Mar 26, 2025
- Other offices · 3 to 4Jul 16, 2024 to Mar 26, 2025
- Discretionary RAUM · $76.1M to $141MJul 16, 2024 to Mar 26, 2025
- HNW RAUM · $52.8M to $122MJul 16, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $38.5M to $125MJul 16, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $9.6M to $10.4MJul 16, 2024 to Mar 26, 2025
- RAUM · $115M to $266MJul 16, 2024 to Mar 26, 2025
- Accounts · 69 to 91Dec 21, 2023 to Mar 27, 2024
- Advisory employees · 8 to 9Dec 21, 2023 to Mar 27, 2024
- HNW clients · 27 to 40Dec 21, 2023 to Mar 27, 2024
- Pooled vehicle clients · 1 to 2Dec 21, 2023 to Mar 27, 2024
- Assets in custody · $12.7M to $9.6MDec 21, 2023 to Mar 27, 2024
- Employees · 13 to 14Dec 21, 2023 to Mar 27, 2024
- State-registered IARs · 8 to 9Dec 21, 2023 to Mar 27, 2024
- Private funds · 1 to 2Dec 21, 2023 to Mar 27, 2024
- Discretionary RAUM · $58.3M to $76.1MDec 21, 2023 to Mar 27, 2024
- HNW RAUM · $37.6M to $52.8MDec 21, 2023 to Mar 27, 2024
- Individual RAUM · $82,545 to $0Dec 21, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $98.7M to $38.5MDec 21, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $12.7M to $9.6MDec 21, 2023 to Mar 27, 2024
- RAUM · $157M to $115MDec 21, 2023 to Mar 27, 2024
Signals
5 dated events
- C••• D•••••••• I••••••••• reported RAUM $265.8M, up 132% from $114.6M (2024-07-16 to 2025-03-26)Mar 26, 2025 · RAUM change · derived
- J••• H••••••• M••••• left C••• D•••••••• I••••••••• for E•••••• F•••••••• E•••••• (registered 2025-05-27)Feb 21, 2025 · Advisor changed firm · fact
- T•••••• R••• O••••••• left C••• D•••••••• I••••••••• for L•••• A••••• • C•• L•• (registered 2022-09-15)Aug 17, 2022 · Advisor changed firm · fact
- S•••••• J•••••• left C••• D•••••••• I••••••••• for I••••••••• A••••• I••••••••• M••••••••• L•• (registered 2023-01-05)Feb 4, 2022 · Advisor changed firm · fact
- C••• D•••••••• I••••••••• L•• filed its initial SEC registration (Form ADV)Jan 8, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- C••• D•••••••• I••••••••• · Independent Sponsorsshared crd · capital_provider
- C••• D•••••••• I••••••••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- citydifferentinvestments.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 505-416-4550reportedpublic record, Form ADV, May 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $20.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026