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.

SEC-registered adviser

Popular Asset Management

Other adviserSan Juan, PRCRD 313653SEC 801-120872websiteIAPD
Legal name Popular Asset Management LLC
Latest filing Jun 12, 2026
First filing on the tape Mar 22, 2021 · 23 filings
SEC status approved since Apr 22, 2021
RAUM
$3.7B
reported, Item 5.F
Discretionary
46%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$309M
derived; firm RAUM over IAPD count
Employees
15
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$3.7B as of Jun 12, 2026
Mar 25, 2022$2.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)13 as of Jun 12, 2026
Mar 25, 20224 then
Employees (5.A)15 as of Jun 12, 2026
Mar 25, 202213 then
Private funds1 as of Jun 12, 2026
Apr 11, 20251 then
RAUM +29% over the last fiscal year+26% a year over threeIARs 8 to 13
Practice profile
derived from the filing of Jun 12, 2026; every figure names its basis
RAUM per advisor
$309MderivedRAUM 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
$218MderivedRAUM over accounts (5.F.2.f)
Discretionary
46%derivedof RAUM
Institutional
3.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
12.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+29%derivedbetween the last two annual amendments
Advisor growth, one year
+63%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, pension consultingreportedItem 5.G
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Banks and thrifts$2.0B54%
  • Investment companies$1.5B40%
  • Pooled investment vehicles$112M3.0%
  • State and municipal entities$106M2.9%
  • Charitable organizations$14.8M0.4%
  • Pension and profit-sharing plans$7.0M0.2%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
17reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=0.43 institutional_share=0.03 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Antonio RondanSan Juan, PrMay 17, 202116 y0
Cristina CanellasSan Juan, PrOct 20, 202111 y1
Angel M. RiveraSan Juan, PrJul 27, 202325 y0
Hamada SmailiChartered Financial AnalystSan Juan, PrSep 22, 202312 y1
Omar Jesus BalaguerSan Juan, PrApr 30, 202411 y0
Adrian Brown SaenzSan Juan, PrJul 12, 202410 y0
Jorge E IrigoyenSan Juan, Pr Mar 18, 202510 y1
Brian Isaac Aquino AndinoSan Juan, Pr Mar 18, 202512 y1
Felix Manuel GonzalezSan Juan, PrAug 4, 202511 y0
Victor Carlos Andino RiveraSan Juan, PrAug 21, 202516 y0
Neudy Jose Oquendo CosmeSan Juan, PrOct 14, 202514 y0
Raul Andres Labrador CarballoSan Juan, PrMar 31, 202612 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • L Beatriz Diaz Del Llano · Chief Financial Officercontrol
      since 12/2021 · owns less than 5%
    • Francisco Fuster Vigier · Chief Compliance Officercontrol
      since 09/2023 · owns less than 5%
    • M. Angel Rivera · Presidentcontrol
      since 07/2023 · owns less than 5%
    Entity owners
    • Popular, Inc. · Owner
      direct · owns 75% or more · public reporting company
    Related persons
    Schedule D 7.A
    • Banco Popular De Puerto Rico
      LP sponsorcustodiann
    • Popular Insurance, LLC
      real estaten
    • Popular Securities, LLC
      broker-dealerinvestment adviserLP sponsornRAUM $2.6B
    Advisers that list Popular Asset Management as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    San Juan, Pr · principal1220
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • advisor count surgeChange between filings · filing Mar 30, 2026
      advisory representatives (Item 5.B.3) moved from 8.0 to 13.0 (+63.0%) between the annual amendments of 2025-04-11 and 2026-03-30; the peer median change was 0.0% (44 comparable advisers, 93.0th percentile of changes)
      peers: other advisers, $1B to $5B (44) · 93% percentile
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 14 to 17
      Oct 15, 2025 to Mar 30, 2026
    • Advisory employees · 8 to 13
      Oct 15, 2025 to Mar 30, 2026
    • Advisory activities · 3 to 4
      Oct 15, 2025 to Mar 30, 2026
    • Corporate clients · 0.0 to unset
      Oct 15, 2025 to Mar 30, 2026
    • Employees · 13 to 15
      Oct 15, 2025 to Mar 30, 2026
    • State-registered IARs · 8 to 13
      Oct 15, 2025 to Mar 30, 2026
    • Discretionary RAUM · $1.2B to $1.7B
      Oct 15, 2025 to Mar 30, 2026
    • Non-discretionary RAUM · $1.7B to $2.0B
      Oct 15, 2025 to Mar 30, 2026
    • Pension RAUM · $2.3M to $7.0M
      Oct 15, 2025 to Mar 30, 2026
    • Pooled vehicle RAUM · $200M to $112M
      Oct 15, 2025 to Mar 30, 2026
    • RAUM · $2.9B to $3.7B
      Oct 15, 2025 to Mar 30, 2026
    • Accounts · 12 to 14
      Jan 24, 2025 to Apr 11, 2025
    • Pooled vehicle clients · 0 to 1
      Jan 24, 2025 to Apr 11, 2025
    • Employees · 11 to 13
      Jan 24, 2025 to Apr 11, 2025
    • Financial planning clients · unset to
      Jan 24, 2025 to Apr 11, 2025
    • State-registered IARs · 6 to 8
      Jan 24, 2025 to Apr 11, 2025
    • Private funds · unset to 1
      Jan 24, 2025 to Apr 11, 2025
    • Discretionary RAUM · $507M to $1.2B
      Jan 24, 2025 to Apr 11, 2025
    • Non-discretionary RAUM · $1.6B to $1.7B
      Jan 24, 2025 to Apr 11, 2025
    • Pension RAUM · $1.9M to $2.3M
      Jan 24, 2025 to Apr 11, 2025
    • Pooled vehicle RAUM · unset to 200000000.0
      Jan 24, 2025 to Apr 11, 2025
    • RAUM · $2.1B to $2.9B
      Jan 24, 2025 to Apr 11, 2025
    • Accounts · 17 to 12
      Jun 18, 2024 to Jul 16, 2024
    • State-registered IARs · 4 to 6
      Jun 18, 2024 to Jul 16, 2024
    • Discretionary RAUM · $648M to $507M
      Jun 18, 2024 to Jul 16, 2024
    • Non-discretionary RAUM · $1.5B to $1.6B
      Jun 18, 2024 to Jul 16, 2024
    • Pension RAUM · $1.2M to $1.9M
      Jun 18, 2024 to Jul 16, 2024
    • RAUM · $2.2B to $2.1B
      Jun 18, 2024 to Jul 16, 2024
    • Charity clients · 0.0 to unset
      Sep 14, 2023 to Mar 27, 2024
    • Corporate clients · unset to 0.0
      Sep 14, 2023 to Mar 27, 2024
    • State-registered IARs · 3 to 4
      Sep 14, 2023 to Mar 27, 2024
    • Discretionary RAUM · $619M to $648M
      Sep 14, 2023 to Mar 27, 2024
    • Non-discretionary RAUM · $1.2B to $1.5B
      Sep 14, 2023 to Mar 27, 2024
    • Pension RAUM · $167,371 to $1.2M
      Sep 14, 2023 to Mar 27, 2024
    • RAUM · $1.8B to $2.2B
      Sep 14, 2023 to Mar 27, 2024
    • Advisory employees · 6 to 8
      Mar 31, 2023 to Jul 28, 2023
    • Employees · 10 to 11
      Mar 31, 2023 to Jul 28, 2023
    • Accounts · 416 to 17
      Jul 21, 2022 to Mar 31, 2023
    • Charity clients · unset to 0.0
      Jul 21, 2022 to Mar 31, 2023
    • HNW clients · unset to 0.0
      Jul 21, 2022 to Mar 31, 2023
    Signals
    13 dated events
    • Popular Asset Management reported RAUM $3.7B, up 29% from $2.9B (2025-10-15 to 2026-03-30)
      Mar 30, 2026 · RAUM change · derived
    • Popular Asset Management reported RAUM $2.9B, up 37% from $2.1B (2025-01-24 to 2025-04-11)
      Apr 11, 2025 · RAUM change · derived
    • Francisco Fuster Vigier (Chief Compliance Officer) appeared on Schedule A of Popular Asset Management
      Sep 14, 2023 · Control person joined · fact
    • Armando Jose Chang (Chief Compliance Officer) no longer on Schedule A of Popular Asset Management (listed 2023-07-28, absent 2023-09-14)
      Sep 14, 2023 · Control person left · inference
    • R Javier Rubio (President) no longer on Schedule A of Popular Asset Management (listed 2023-03-31, absent 2023-07-28)
      Jul 28, 2023 · Control person left · inference
    • M. Angel Rivera (President) appeared on Schedule A of Popular Asset Management
      Jul 28, 2023 · Control person joined · fact
    • R Javier Rubio (President) appeared on Schedule A of Popular Asset Management
      May 4, 2022 · Control person joined · fact
    • Joaquin Perez (Chief Investment Officer/Manager) no longer on Schedule A of Popular Asset Management (listed 2022-03-25, absent 2022-05-04)
      May 4, 2022 · Control person left · inference
    • Joaquin Perez (Chief Investment Officer/Manager) appeared on Schedule A of Popular Asset Management
      Mar 25, 2022 · Control person joined · fact
    • L Beatriz Diaz Del Llano (Chief Financial Officer) appeared on Schedule A of Popular Asset Management
      Mar 25, 2022 · Control person joined · fact
    • Javier Rubio (President) no longer on Schedule A of Popular Asset Management (listed 2021-05-14, absent 2021-05-18)
      May 18, 2021 · Control person left · inference
    • Javier Rubio (President) appeared on Schedule A of Popular Asset Management
      May 14, 2021 · Control person joined · fact
    • Popular Asset Management filed its initial SEC registration (Form ADV)
      Mar 22, 2021 · 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
    popularfunds.com/the-adviserreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    787-754-4488reportedpublic record, Form ADV, Jun 12, 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
    Other adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $309Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026