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
Tsg Alpha Partners, LLC
Latest filing Sep 11, 2026
First filing on the tape Dec 12, 2024 · 10 filings
SEC status approved since Feb 7, 2025
RAUM
$135M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
13%
$17.8M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$16.9M
derived; firm RAUM over IAPD count
Employees
10
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$135M as of Jun 11, 2026
Feb 6, 2025$74.5M then
HNW client RAUM$0 as of Jun 11, 2026
Feb 6, 2025$0 then
State-registered IARs (5.B.3)9 as of Jun 11, 2026
Feb 6, 20256 then
Employees (5.A)10 as of Jun 11, 2026
Feb 6, 20257 then
Private funds12 as of Jun 11, 2026
Feb 6, 20259 then
RAUM +79% over the last fiscal yearIARs 6 to 9offices 1 to 2
Practice profile
derived from the filing of Sep 11, 2026; every figure names its basis
- RAUM per advisor
- $16.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 9derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM 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
- 2.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +79%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.4%derived
- Compensation
- percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $117M, 12 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$117M87%
- Individuals$17.8M13%
- Individual clients
- 70reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 128reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $117M for 12 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.13 fund_share=0.87 institutional_share=0.0 related_bd=true related_bank=false bd_reps=4.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Andrew Caputo Spaventa | Old Bridge, Nj | Aug 30, 2022 | 13 y | 1 |
| Patrick Joseph Ferraro | Old Bridge, Nj | Oct 21, 2022 | 14 y | 0 |
| Carlo Scanni | Ronkonkoma, Ny | Nov 4, 2022 | 10 y | 0 |
| Lon Charles Faccini | Manorville, Ny | Apr 7, 2025 | 29 y | 0 |
| Patrick W French | Old Bridge, Nj | Nov 11, 2025 | 28 y | 3 |
| Benito Raymond Buontempo | Old Bridge, Nj | Nov 13, 2025 | 12 y | 1 |
| Omar K Aburadi | Old Bridge, Nj | Jan 14, 2026 | 13 y | 2 |
Advisor movement
2 left, 3 joined in 12 months
net +1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 25% of current headcount3 left over 36 months
Left, latest
- Louis Cuomo to Northwestern Mutual Investment Services,LLCAug 6, 2026 · Other
- Rasik Sharma to Lumida Wealth Management LLCApr 6, 2026 · Other
- Tara Elizabeth Stewart to Tgf AssetsNov 4, 2024 · Other
Joined, latest
- Omar K Aburadi from Star Wealth AdvisorsJan 14, 2026 · Other
- Benito Raymond Buontempo from Star Wealth AdvisorsNov 13, 2025 · Other
- Patrick W French from Star Wealth AdvisorsNov 11, 2025 · Other
- Tara Elizabeth Stewart from Cetera Investment Advisers LLCMay 3, 2024 · Other
- Louis Cuomo from Cetera Investment Advisers LLCOct 27, 2023 · Other
Private funds
9 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Tsg Secondary Fund LLC | Private Equity Fund | $23.2M | 549 | Dec 12, 2024 |
| Tsg Strategic Secondary Fund LLC | Private Equity Fund | $11.9M | 299 | Dec 12, 2024 |
| Tsg Strategic Secondary Fund 2 LLC | Private Equity Fund | $7.3M | 100 | Dec 12, 2024 |
| Tsg Secondary Fund 5 LLC | Private Equity Fund | $5.8M | 74 | Dec 12, 2024 |
| Tsg Secondary Fund 2 LLC | Private Equity Fund | $5.2M | 47 | Dec 12, 2024 |
| Tsg Secondary Fund 3 LLC | Private Equity Fund | $4.7M | 83 | Dec 12, 2024 |
| Tsg Venture Fund LLC | Private Equity Fund | $4.0M | 98 | Dec 12, 2024 |
| Tsg Secondary Fund 4 LLC | Private Equity Fund | $3.9M | 49 | Dec 12, 2024 |
| Tsg Secondary Fund 6 LLC | Private Equity Fund | $2.2M | 40 | Dec 12, 2024 |
Owners and control persons
Schedule A and B, latest filing
- Charles Salvatore Caruso · President, Chief Executive Officer & Chief Compliance Officercontrolsince 01/2022 · owns less than 5%
- Andrew Spaventa · Manager/Sole Membercontrolsince 11/2021 · owns 75% or more of The Spaventa Group LLC
Entity owners
- The Spaventa Group LLC · Sole Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Brightchoice Financial, LLCbroker-dealern
- Quantum Advisory Group, LLCinvestment advisery
- The Spaventa Group LLCpooled vehicle sponsory
- Tsg Secondaries Gp LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Old Bridge, Nj · principal | 8 | 3 | 2 | ||
| Ronkonkoma, Ny | 2 | 0 | 0 | ||
| Jersey City, Nj | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Jersey City, NJ1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- advisor count surgeChange between filings · filing Apr 6, 2026advisory representatives (Item 5.B.3) moved from 6.0 to 9.0 (+50.0%) between the annual amendments of 2025-03-07 and 2026-04-06; the peer median change was 0.0% (11 comparable advisers, 100.0th percentile of changes)peers: other advisers, $100M to $500M (11) · 100% percentile
- RAUM up 50 %Change between filings · filing Apr 6, 2026RAUM (Item 5.F) moved from $75,424,005 to $134,944,668 (+79.0%) between the annual amendments of 2025-03-07 and 2026-04-06; the peer median change was +8.0% (161 comparable advisers, 93.0th percentile of changes)peers: other advisers, $100M to $500M (161) · 93% percentile
What changed
consecutive filings, newest first
- Financial planning clients · 1-10 to 1-10Jun 11, 2026 to Sep 11, 2026
- Private funds · 12 to unsetJun 11, 2026 to Sep 11, 2026
- Succession · false to unsetJun 11, 2026 to Sep 11, 2026
- HQ city · JERSEY CITY to OLD BRIDGEMar 23, 2026 to Apr 6, 2026
- Other offices · 1 to 2Mar 23, 2026 to Apr 6, 2026
- Accounts · 96 to 128Jan 14, 2026 to Mar 23, 2026
- Advisory employees · 6 to 9Jan 14, 2026 to Mar 23, 2026
- Individual clients · 71 to 70Jan 14, 2026 to Mar 23, 2026
- Pooled vehicle clients · 9 to 12Jan 14, 2026 to Mar 23, 2026
- Assets in custody · $68.5M to $117MJan 14, 2026 to Mar 23, 2026
- Employees · 7 to 10Jan 14, 2026 to Mar 23, 2026
- State-registered IARs · 6 to 9Jan 14, 2026 to Mar 23, 2026
- Private funds · 9 to 12Jan 14, 2026 to Mar 23, 2026
- Discretionary RAUM · $75.4M to $135MJan 14, 2026 to Mar 23, 2026
- Individual RAUM · $7.0M to $17.8MJan 14, 2026 to Mar 23, 2026
- Pooled vehicle RAUM · $68.5M to $117MJan 14, 2026 to Mar 23, 2026
- RAUM · $75.4M to $135MJan 14, 2026 to Mar 23, 2026
- Financial planning clients · 1-10 to 1-10Mar 7, 2025 to Jul 10, 2025
- HQ city · RONKONKOMA to JERSEY CITYMar 7, 2025 to Jul 10, 2025
- HQ state · NY to NJMar 7, 2025 to Jul 10, 2025
- Accounts · 88 to 96Feb 6, 2025 to Mar 7, 2025
- Discretionary RAUM · $74.5M to $75.4MFeb 6, 2025 to Mar 7, 2025
- Individual RAUM · $6.0M to $7.0MFeb 6, 2025 to Mar 7, 2025
- RAUM · $74.5M to $75.4MFeb 6, 2025 to Mar 7, 2025
Signals
4 dated events
- Rasik Sharma left Tsg Alpha Partners, Llc for Lumida Wealth Management Llc (registered 2026-04-27)Apr 6, 2026 · Advisor changed firm · fact
- Vincent Michael Polidori no longer registered at Tsg Alpha Partners, Llc; no later IA registration on IAPDFeb 19, 2026 · Advisor departure · fact
- Tsg Alpha Partners, Llc filed its initial SEC registration (Form ADV)Dec 12, 2024 · First SEC registration · fact
- Tara Elizabeth Stewart left Tsg Alpha Partners, Llc for Tgf Assets (registered 2025-10-21)Nov 4, 2024 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
- TSG Alpha Partners, LLC · Independent Sponsorsshared crd · capital_provider
- TSG Alpha Partners, LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- tsginvest.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 631-403-5364reportedpublic record, Form ADV, Sep 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $16.9Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026