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••••••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 318069SEC 801-123367websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 2, 2022 · 12 filings
SEC status approved since Mar 8, 2022
RAUM
$618M
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
83
45 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
4
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$618M as of Mar 31, 2026
Mar 31, 2023$272M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 31, 20230 then
Employees (5.A)83 as of Mar 31, 2026
Mar 31, 202375 then
Private funds4 as of Mar 31, 2026
Mar 31, 20232 then
RAUM +69% over the last fiscal year+31% a year over threeIARs 0 to 0offices 7 to 6
Practice profile
derived from the filing of Mar 31, 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
$154MderivedRAUM 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
unknownderived7 offices incl. principal (1.F.5)
RAUM growth, one year
+69%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
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)
  • 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
  • Pooled investment vehicles$618M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      • W•••••• J•••••• G••••• · Chief Compliance Officercontrol
        since 01/2022 · owns less than 5%
      • D•••••• M••••• · Presidentcontrol
        since 02/2018 · owns 75% or more of D••••• C•••• E••••••••• I•••
      • D•••••• M••••• · Ownercontrol
        since 01/1990 · owns 75% or more of D••••••• L••••••
      • D•••••• M••••• · Co-Presidentcontrol
        since 03/2018 · owns F of D• M••••••••• L••
      • D•••••• S•••• K•••••• · Member And Co-Presidentcontrol
        since 03/2018 · owns 75% or more of D• M••••••••• L••
      • D•••••• S•••• K•••••• · Member And Presidentcontrol
        since 01/2017 · owns 75% or more of B••••• C••••••• L••
      • D•••••• S•••••• M•••• · Vice Presidentcontrol
        since 03/2018 · owns F of D• M••••••••• L••
      • D•••••• S•••••• M•••• · Vice Presidentcontrol
        since 01/2017 · owns F of B••••• C••••••• L••
      • T•••••• F•••••••• · Vice Presidentcontrol
        since 03/2018 · owns F of D• M••••••••• L••
      • T•••••• F•••••••• · Vice Presidentcontrol
        since 01/2017 · owns F of B••••• C••••••• L••
      • W•••••• J•••••• G••••• · Chief Legal Officercontrol
        since 07/2020 · owns F of B••••• C••••••• L••
      • W•••••• J•••••• G••••• · Chief Legal Officercontrol
        since 07/2020 · owns F of D• M••••••••• L••
      Entity owners
      • D••••• L••• M••• G• L•• · General Partner
        direct · owns less than 5%
      • D• M••••••••• L•• · L•••••• Partner
        direct · owns 75% or more
      • B••••• C••••••• L•• · Member
        indirect · owns 75% or more of D••••• L••• M••• G• L••
      • D••••• C•••• E••••••••• I••• · General Partner
        indirect · owns F of C••••••• D••••• L•••••• P•••••••••
      • D••••••• L•••••• · L•••••• Partner
        indirect · owns 75% or more of C••••••• D••••• L•••••• P•••••••••
      • C••••••• D••••• L•••••• P••••••••• · L•••••• Partner
        direct · owns 10% to 25%
      • C••••••• D••••• L•••••• P••••••••• · Member
        indirect · owns F of D••••• L••• M••• G• L••
      Related persons
      Schedule D 7.A
      • D••••• I••••••••• F••• V• G•• L•
        pooled vehicle sponsorn
      • D••••• I••••••••• R••• E••••• I••••• F••• G•• L•
        pooled vehicle sponsorn
      • D••••• I•• F••• G• L•
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Wayne, PA5 employees
      • Lakewood, CO5 employees
      • Oakland, CA5 employees
      • Orlando, FL4 employees
      • Toronto, Canada3 employees
      • Chicago, IL2 employees
      • Westmount, Canada2 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM up 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $365,379,043 to $617,591,427 (+69.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +8.0% (672 comparable advisers, 91.0th percentile of changes)
        peers: asset managers, $500M to $1B (672) · 91% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 3 to 4
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 3 to 4
        Mar 28, 2025 to Mar 31, 2026
      • Assets in custody · unset to 0.0
        Mar 28, 2025 to Mar 31, 2026
      • Employees · 87 to 83
        Mar 28, 2025 to Mar 31, 2026
      • Other offices · 7 to 6
        Mar 28, 2025 to Mar 31, 2026
      • Private funds · 3 to 4
        Mar 28, 2025 to Mar 31, 2026
      • Discretionary RAUM · $365M to $618M
        Mar 28, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $365M to $618M
        Mar 28, 2025 to Mar 31, 2026
      • RAUM · $365M to $618M
        Mar 28, 2025 to Mar 31, 2026
      • Advisory employees · 40 to 45
        Oct 15, 2024 to Mar 28, 2025
      • Employees · 84 to 87
        Oct 15, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Oct 15, 2024 to Mar 28, 2025
      • Discretionary RAUM · $380M to $365M
        Oct 15, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $380M to $365M
        Oct 15, 2024 to Mar 28, 2025
      • RAUM · $380M to $365M
        Oct 15, 2024 to Mar 28, 2025
      • Accounts · 2 to 3
        Aug 15, 2023 to Mar 29, 2024
      • Advisory employees · 47 to 40
        Aug 15, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 2 to 3
        Aug 15, 2023 to Mar 29, 2024
      • Employees · 75 to 84
        Aug 15, 2023 to Mar 29, 2024
      • Other offices · 10 to 7
        Aug 15, 2023 to Mar 29, 2024
      • Private funds · 2 to 3
        Aug 15, 2023 to Mar 29, 2024
      • Discretionary RAUM · $272M to $380M
        Aug 15, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $272M to $380M
        Aug 15, 2023 to Mar 29, 2024
      • RAUM · $272M to $380M
        Aug 15, 2023 to Mar 29, 2024
      • Accounts · 1 to 2
        Jul 6, 2022 to Mar 31, 2023
      • Advisory employees · 46 to 47
        Jul 6, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 1 to 2
        Jul 6, 2022 to Mar 31, 2023
      • Employees · 76 to 75
        Jul 6, 2022 to Mar 31, 2023
      • Private funds · 1 to 2
        Jul 6, 2022 to Mar 31, 2023
      • Discretionary RAUM · $218M to $272M
        Jul 6, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $218M to $272M
        Jul 6, 2022 to Mar 31, 2023
      • RAUM · $218M to $272M
        Jul 6, 2022 to Mar 31, 2023
      • Accounts · unset to 1.0
        Apr 7, 2022 to Jul 6, 2022
      • Advisory employees · 37 to 46
        Apr 7, 2022 to Jul 6, 2022
      • Pooled vehicle clients · unset to 1.0
        Apr 7, 2022 to Jul 6, 2022
      • Employees · 75 to 76
        Apr 7, 2022 to Jul 6, 2022
      • Other offices · 1 to 10
        Apr 7, 2022 to Jul 6, 2022
      • Private funds · unset to 1
        Apr 7, 2022 to Jul 6, 2022
      • Discretionary RAUM · unset to 218271543.0
        Apr 7, 2022 to Jul 6, 2022
      • Non-discretionary RAUM · unset to 0.0
        Apr 7, 2022 to Jul 6, 2022
      Signals
      4 dated events
      • D• I••••••••• M••••••••• L• reported RAUM $617.6M, up 69% from $365.4M (2025-03-28 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • D• I••••••••• M••••••••• L• reported RAUM $379.7M, up 40% from $271.6M (2023-08-15 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • D• I••••••••• M••••••••• L• reported 10 offices beyond its principal office, up from 1 (2022-04-07 to 2022-07-06)
        Jul 6, 2022 · Office count change · derived
      • D••••• I••••••••• L•• filed its initial SEC registration (Form ADV)
        Feb 2, 2022 · 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
      Firm profile
      linkedin.com/company/dalfen-america-corpreportedpublic record, Form ADV, Sep 19, 2026
      Website
      d•••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      214-775-4712reportedpublic record, Form ADV, Mar 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
      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
      Across the graphs

      D• I••••••••• M••••••••• L• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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