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
N••••••• R••• E••••• I••••••••• M••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape May 22, 2023 · 7 filings
SEC status approved since Jun 21, 2023
RAUM
$690M
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
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$690M as of Mar 31, 2026
Mar 21, 2024$204M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 21, 20240 then
Employees (5.A)10 as of Mar 31, 2026
Mar 21, 202410 then
Private funds1 as of Sep 22, 2025
Mar 21, 20242 then
RAUM +206% over the last fiscal yearIARs 0 to 0offices 1 to 0
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
- $690MderivedRAUM 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
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +206%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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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$690M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1reported
- 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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| N••••••• • M••• C•••••• A••••••••• F••• L•• | Hedge Fund | $104M | 2 | Nov 18, 2022 |
| N••••••• P••• S•• F••• I• L• | Private Equity Fund | $100M | 2 | Mar 21, 2024 |
Owners and control persons
Schedule A and B, latest filing
- G••••• N•••••••• M••••• · Chief Executive Officercontrolsince 08/2024 · owns less than 5%
- H•••••••• G••••••••• I••••• · General Counselcontrolsince 03/2022 · owns less than 5%
- S••••• R•••• B•••• · Chief Financial Officercontrolsince 03/2022 · owns less than 5%
- V•• D• B•••• P••••• T•••• · Chief Compliance Officersince 05/2024 · owns less than 5%
Entity owners
- N••••••• R••• E••••• C•••••• I••••••••• S••••••••• L•• · Sole Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- N••••••• A••••••••• L•••••• L••pooled vehicle sponsorn
- N••••••• R••• E••••• C•••••• S••••••••• L••broker-dealern
- N••••••• S•• G• I• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- Chevy Chase, MD1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 31, 2026discretionary share of RAUM of 0% against a peer median of 100% (784 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: asset managers, $500M to $1B (784) · 0.0% percentile
- business activity changedChange between filings · filing Mar 31, 2026advises private funds (Item 7.B): yes on the filing of 2025-09-22, no on the filing of 2026-03-31peers: asset managers, $500M to $1B (784)
- affiliate changedChange between filings · filing Mar 31, 2026broker-dealer affiliate (Item 7.A.1): yes on the filing of 2025-09-22, no on the filing of 2026-03-31peers: asset managers, $500M to $1B (784)
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $225,804,456 to $690,133,395 (+206.0%) between the annual amendments of 2025-03-28 and 2026-03-31; the peer median change was +8.0% (672 comparable advisers, 98.0th percentile of changes)peers: asset managers, $500M to $1B (672) · 98% percentile
What changed
consecutive filings, newest first
- BD registered reps · 2 to 0Sep 22, 2025 to Mar 31, 2026
- Other offices · 1 to 0Sep 22, 2025 to Mar 31, 2026
- Private funds · 1 to unsetSep 22, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $226M to $690MSep 22, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $226M to $690MSep 22, 2025 to Mar 31, 2026
- RAUM · $226M to $690MSep 22, 2025 to Mar 31, 2026
- Related broker-dealer · true to falseSep 22, 2025 to Mar 31, 2026
- Accounts · 2 to 1Sep 9, 2024 to Mar 28, 2025
- Pooled vehicle clients · 2 to 1Sep 9, 2024 to Mar 28, 2025
- Assets in custody · 100000000.0 to unsetSep 9, 2024 to Mar 28, 2025
- Custody of client assets · true to falseSep 9, 2024 to Mar 28, 2025
- Financial planning clients · unset to Sep 9, 2024 to Mar 28, 2025
- Private funds · 2 to 1Sep 9, 2024 to Mar 28, 2025
- Discretionary RAUM · $204M to $0Sep 9, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $0 to $226MSep 9, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $204M to $226MSep 9, 2024 to Mar 28, 2025
- RAUM · $204M to $226MSep 9, 2024 to Mar 28, 2025
- Accounts · 1 to 2May 22, 2023 to Mar 21, 2024
- Pooled vehicle clients · 1 to 2May 22, 2023 to Mar 21, 2024
- Discretionary RAUM · $100M to $204MMay 22, 2023 to Mar 21, 2024
- Pooled vehicle RAUM · $100M to $204MMay 22, 2023 to Mar 21, 2024
- RAUM · $100M to $204MMay 22, 2023 to Mar 21, 2024
Signals
7 dated events
- N••••••• R••• E••••• I••••••••• M••••••••• L•• reported RAUM $690.1M, up 206% from $225.8M (2025-09-22 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- M•••• D•••• B••••••• (Chief Executive Officer) no longer on Schedule A of N••••••• R••• E••••• I••••••••• M••••••••• L•• (listed 2024-05-06, absent 2024-09-09)Sep 9, 2024 · Control person left · inference
- Massey Nicholas Gesue (Chief Executive Officer) appeared on Schedule A of N••••••• R••• E••••• I••••••••• M••••••••• L••Sep 9, 2024 · Control person joined · fact
- N••••••• R••• E••••• I••••••••• M••••••••• L•• reported RAUM $203.6M, up 104% from $100.0M (2023-05-22 to 2024-03-21)Mar 21, 2024 · RAUM change · derived
- F•••••• S•••• M•••• (Chief Operations Officer) no longer on Schedule A of N••••••• R••• E••••• I••••••••• M••••••••• L•• (listed 2023-05-22, absent 2024-03-21)Mar 21, 2024 · Control person left · inference
- S••••• P••••• S•••••••• (Secretary) no longer on Schedule A of N••••••• R••• E••••• I••••••••• M••••••••• L•• (listed 2023-05-22, absent 2024-03-21)Mar 21, 2024 · Control person left · inference
- N••••••• R••• E••••• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)May 22, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N••••••• R••• E••••• I••••••••• M••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Principal office phone
- 888-330-6774reportedpublic 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