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

D•••• I••••••••• L••

Independent wealth managerNew York, New YorkCRD 315589SEC 801-122735websiteIAPD
Legal name D•• A••••••• L••
Latest filing Jun 11, 2026
First filing on the tape Oct 21, 2021 · 20 filings
SEC status approved since Nov 23, 2021
RAUM
$81.8M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$81.8M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$81.8M as of Jun 11, 2026
Mar 18, 2022$0 then
HNW client RAUM$20.1M as of Jun 11, 2026
Mar 18, 2022$0 then
State-registered IARs (5.B.3)1 as of Jun 11, 2026
Mar 18, 20220 then
Employees (5.A)8 as of Jun 11, 2026
Mar 18, 20225 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 0 to 1
Practice profile
derived from the filing of Jun 11, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$81.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
27,037derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$9,047derivedHNW RAUM over HNW clients
Average account
$3,025derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
8.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween 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
publications, otherreportedItem 5.G
Financial planning clients
11,000reportedItem 5.H
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$61.6M75%
  • High-net-worth individuals$20.1M25%
Individual clients
24,811reported
HNW clients
2,226reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
27,037reported
Financial planning clients
11,000reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
n/areported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0derived
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • R••••••• J•••••• M•••••• · Chief Compliance Officer And Chief Executive Officercontrol
        since 10/2021 · owns less than 5%
      • W•••• S•••••• Y•••• · Membercontrol
        since 06/2021 · owns less than 5%
      Entity owners
      • D•••• I••••••••• · Parent Company
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 10,925 to 27,037
        Jan 20, 2026 to Feb 23, 2026
      • BD registered reps · 1 to 2
        Jan 20, 2026 to Feb 23, 2026
      • HNW clients · 582 to 2,226
        Jan 20, 2026 to Feb 23, 2026
      • Individual clients · 10,343 to 24,811
        Jan 20, 2026 to Feb 23, 2026
      • Employees · 7 to 8
        Jan 20, 2026 to Feb 23, 2026
      • Discretionary RAUM · $13.8M to $81.8M
        Jan 20, 2026 to Feb 23, 2026
      • HNW RAUM · $3.4M to $20.1M
        Jan 20, 2026 to Feb 23, 2026
      • Individual RAUM · $10.4M to $61.6M
        Jan 20, 2026 to Feb 23, 2026
      • RAUM · $13.8M to $81.8M
        Jan 20, 2026 to Feb 23, 2026
      • Advisory employees · 1 to 2
        May 1, 2025 to Aug 15, 2025
      • Accounts · 0 to 10,925
        Jan 16, 2025 to May 1, 2025
      • Advisory employees · 0 to 1
        Jan 16, 2025 to May 1, 2025
      • HNW clients · 0 to 582
        Jan 16, 2025 to May 1, 2025
      • Individual clients · 0 to 10,343
        Jan 16, 2025 to May 1, 2025
      • Employees · 4 to 7
        Jan 16, 2025 to May 1, 2025
      • Financial planning clients · unset to More than 500
        Jan 16, 2025 to May 1, 2025
      • State-registered IARs · 0 to 1
        Jan 16, 2025 to May 1, 2025
      • Legal name · D•••• I••••••••• L•• to D•• A••••••• L••
        Jan 16, 2025 to May 1, 2025
      • Discretionary RAUM · $0 to $13.8M
        Jan 16, 2025 to May 1, 2025
      • HNW RAUM · $0 to $3.4M
        Jan 16, 2025 to May 1, 2025
      • Individual RAUM · $0 to $10.4M
        Jan 16, 2025 to May 1, 2025
      • RAUM · $0 to $13.8M
        Jan 16, 2025 to May 1, 2025
      • Accounts · unset to 0.0
        Nov 29, 2024 to Jan 16, 2025
      • Discretionary RAUM · unset to 0.0
        Nov 29, 2024 to Jan 16, 2025
      • Non-discretionary RAUM · unset to 0.0
        Nov 29, 2024 to Jan 16, 2025
      • RAUM · unset to 0.0
        Nov 29, 2024 to Jan 16, 2025
      • Advisory activities · 1 to 2
        Jul 8, 2024 to Nov 29, 2024
      • Employees · 3 to 4
        Jul 8, 2024 to Nov 29, 2024
      • Accounts · 0.0 to unset
        Aug 25, 2023 to Mar 13, 2024
      • Employees · 4 to 3
        Aug 25, 2023 to Mar 13, 2024
      • Discretionary RAUM · 0.0 to unset
        Aug 25, 2023 to Mar 13, 2024
      • Non-discretionary RAUM · 0.0 to unset
        Aug 25, 2023 to Mar 13, 2024
      • RAUM · 0.0 to unset
        Aug 25, 2023 to Mar 13, 2024
      • BD registered reps · 0 to 1
        Mar 18, 2022 to Jan 9, 2023
      • Employees · 5 to 4
        Mar 18, 2022 to Jan 9, 2023
      • Accounts · unset to 0.0
        Nov 22, 2021 to Mar 18, 2022
      • Discretionary RAUM · unset to 0.0
        Nov 22, 2021 to Mar 18, 2022
      • Non-discretionary RAUM · unset to 0.0
        Nov 22, 2021 to Mar 18, 2022
      • RAUM · unset to 0.0
        Nov 22, 2021 to Mar 18, 2022
      • Related broker-dealer · false to true
        Nov 22, 2021 to Mar 18, 2022
      Signals
      2 dated events
      • Y•••• S••••• W••• (Member) appeared on Schedule A of D•••• I••••••••• L••
        Nov 5, 2021 · Control person joined · fact
      • Echofi filed its initial SEC registration (Form ADV)
        Oct 21, 2021 · 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
      Website
      dubadvisors.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      732-910-5781reportedpublic record, Form ADV, Jun 11, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026