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Former SEC-registered adviser

D•• C•••••• •••• I•••

Former SEC-registered adviserShort Hills, New JerseyCRD 311678SEC 801-120083IAPD
Latest filing Jun 27, 2025
First filing on the tape Dec 3, 2020 · 16 filings
SEC status approved since Jan 4, 2021
RAUM
$520M
reported, Item 5.F
Discretionary
0.0%
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
10
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$520M as of Jun 27, 2025
Jun 21, 2021$381M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 27, 2025
Jun 21, 20210 then
Employees (5.A)10 as of Jun 27, 2025
Jun 21, 20215 then
Private funds: no history
RAUM +41% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 27, 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
$520MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%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
+50%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
otherreportedItem 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
  • Other investment advisers$520M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
n/areported
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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • E••• M•••••• · Presidentcontrol
        since 11/2024 · owns less than 5%
      • M•••••• Z••••• · Chief Compliance Officercontrol
        since 10/2024 · owns less than 5%
      • Y••••• N••• · Vice President, Financecontrol
        since 11/2024 · owns less than 5%
      • K••••••••• H••••• · Trusteecontrol
        since 12/2023 · owns F of T•• K••••••••• ••••• F••••• T••••
      • K••••••••• N••••• · Trusteecontrol
        since 12/2023 · owns F of T•• K••••••••• ••••• F••••• T••••
      Entity owners
      • D•• C•••••• I••• · Shareholder
        direct · owns 75% or more
      • A••••• H••••••• L••• · Shareholder
        indirect · owns 75% or more of D•• C•••••• I•••
      • P••••• H••••••• L••• · Shareholder
        indirect · owns 75% or more of A••••• H••••••• L•••
      • T•• K••••••••• ••••• F••••• T•••• · Shareholder
        indirect · owns 75% or more of P••••• H••••••• L•••
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • Toronto, Ontario, Canada4 employees
      • New York, NY
      What changed
      consecutive filings, newest first
      • Advisory employees · 3 to 6
        Dec 19, 2024 to Jun 27, 2025
      • Employees · 6 to 10
        Dec 19, 2024 to Jun 27, 2025
      • Other offices · 2 to 1
        Dec 19, 2024 to Jun 27, 2025
      • Non-discretionary RAUM · $552M to $520M
        Dec 19, 2024 to Jun 27, 2025
      • RAUM · $552M to $520M
        Dec 19, 2024 to Jun 27, 2025
      • Advisory employees · 5 to 3
        Jan 9, 2024 to Jul 18, 2024
      • Employees · 9 to 6
        Jan 9, 2024 to Jul 18, 2024
      • HQ city · NEW YORK to SHORT HILLS
        Jan 9, 2024 to Jul 18, 2024
      • HQ state · NY to NJ
        Jan 9, 2024 to Jul 18, 2024
      • Non-discretionary RAUM · $368M to $552M
        Jan 9, 2024 to Jul 18, 2024
      • RAUM · $368M to $552M
        Jan 9, 2024 to Jul 18, 2024
      • Related bank · true to false
        Jan 9, 2024 to Jul 18, 2024
      • Other offices · 1 to 2
        Jun 23, 2023 to Jan 9, 2024
      • Advisory employees · 7 to 5
        Jan 17, 2023 to Jun 23, 2023
      • Employees · 7 to 9
        Jan 17, 2023 to Jun 23, 2023
      • Other offices · 0 to 1
        Jan 17, 2023 to Jun 23, 2023
      • Non-discretionary RAUM · $379M to $368M
        Jan 17, 2023 to Jun 23, 2023
      • RAUM · $379M to $368M
        Jan 17, 2023 to Jun 23, 2023
      • HQ city · MIAMI to NEW YORK
        Jul 20, 2022 to Jan 17, 2023
      • HQ state · FL to NY
        Jul 20, 2022 to Jan 17, 2023
      • Advisory employees · 5 to 7
        Aug 2, 2021 to Jun 23, 2022
      • Employees · 5 to 7
        Aug 2, 2021 to Jun 23, 2022
      • Financial planning clients · unset to 0
        Aug 2, 2021 to Jun 23, 2022
      • Non-discretionary RAUM · $381M to $379M
        Aug 2, 2021 to Jun 23, 2022
      • RAUM · $381M to $379M
        Aug 2, 2021 to Jun 23, 2022
      • Non-discretionary RAUM · $378M to $381M
        Apr 6, 2021 to Jun 21, 2021
      • RAUM · $378M to $381M
        Apr 6, 2021 to Jun 21, 2021
      • Accounts · unset to 1.0
        Jan 20, 2021 to Apr 6, 2021
      • Advisory employees · 3 to 5
        Jan 20, 2021 to Apr 6, 2021
      • Employees · 3 to 5
        Jan 20, 2021 to Apr 6, 2021
      • HQ city · NEW YORK to MIAMI
        Jan 20, 2021 to Apr 6, 2021
      • HQ state · NY to FL
        Jan 20, 2021 to Apr 6, 2021
      • Discretionary RAUM · unset to 0.0
        Jan 20, 2021 to Apr 6, 2021
      • Non-discretionary RAUM · unset to 378242834.0
        Jan 20, 2021 to Apr 6, 2021
      • RAUM · unset to 378242834.0
        Jan 20, 2021 to Apr 6, 2021
      • Related bank · false to true
        Jan 20, 2021 to Apr 6, 2021
      • Financial planning clients · 0 to unset
        Dec 3, 2020 to Jan 7, 2021
      Signals
      22 dated events
      • D•• C•••••• •••• I••• no longer on the SEC adviser roster (last listed 2025-07-01, RAUM $520.1M)
        Aug 1, 2025 · Left the SEC roster · derived
      • M•••••• Ely (President) appeared on Schedule A of D•• C•••••• •••• I•••
        Dec 19, 2024 · Control person joined · fact
      • Gholi Ali Hedayat (Acting President) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2024-10-15, absent 2024-12-19)
        Dec 19, 2024 · Control person left · inference
      • G••••• K••••••••• (Director And Vice President) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2024-10-15, absent 2024-12-19)
        Dec 19, 2024 · Control person left · inference
      • Z••••• M••••• (Chief Compliance Officer) appeared on Schedule A of D•• C•••••• •••• I•••
        Oct 15, 2024 · Control person joined · fact
      • C•••••••• H•••••• P••• (Chief Compliance Officer) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2024-07-18, absent 2024-09-04)
        Sep 4, 2024 · Control person left · inference
      • M•••••• Ely (Acting Chief Compliance Officer) appeared on Schedule A of D•• C•••••• •••• I•••
        Sep 4, 2024 · Control person joined · fact
      • N••••• K••••••••• (Trustee) appeared on Schedule A of D•• C•••••• •••• I•••
        Jul 18, 2024 · Control person joined · fact
      • D•• C•••••• •••• I••• reported RAUM $551.7M, up 50% from $368.4M (2024-01-09 to 2024-07-18)
        Jul 18, 2024 · RAUM change · derived
      • Gholi Ali Hedayat (Acting President) appeared on Schedule A of D•• C•••••• •••• I•••
        Jul 18, 2024 · Control person joined · fact
      • N••• Y•••• (Presient And Treasurer) appeared on Schedule A of D•• C•••••• •••• I•••
        Jul 18, 2024 · Control person joined · fact
      • Behzad K••••••••• (President) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2024-01-09, absent 2024-07-18)
        Jul 18, 2024 · Control person left · inference
      • C•••••••• H•••••• P••• (Chief Compliance Officer) appeared on Schedule A of D•• C•••••• •••• I•••
        Jun 23, 2023 · Control person joined · fact
      • Maria Faith Bowen (Chief Compliance Officer) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2023-01-17, absent 2023-06-23)
        Jun 23, 2023 · Control person left · inference
      • M•••••• Ely (Secretary) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2023-01-17, absent 2023-06-23)
        Jun 23, 2023 · Control person left · inference
      • F•••••••• J••• H••••• (Chief Legal Officer) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2021-08-02, absent 2022-06-23)
        Jun 23, 2022 · Control person left · inference
      • Jason David Spivak (Secretary, Treasurer And Vice President) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2021-08-02, absent 2022-06-23)
        Jun 23, 2022 · Control person left · inference
      • R•••••• N••••• Y•••• (Vice President) no longer on Schedule A of D•• C•••••• •••• I••• (listed 2021-08-02, absent 2022-06-23)
        Jun 23, 2022 · Control person left · inference
      • M•••••• Ely (Secretary) appeared on Schedule A of D•• C•••••• •••• I•••
        Jun 23, 2022 · Control person joined · fact
      • G••••• K••••••••• (Director And Vice President) appeared on Schedule A of D•• C•••••• •••• I•••
        Jun 23, 2022 · Control person joined · fact
      • Maria Faith Bowen (Chief Compliance Officer) appeared on Schedule A of D•• C•••••• •••• I•••
        Jan 7, 2021 · Control person joined · fact
      • D•• C•••••• •••• I••• filed its initial SEC registration (Form ADV)
        Dec 3, 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.
      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