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••••• P•••••••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 321820SEC 801-126573websiteIAPD
Legal name D••••• A••••••• L••
Latest filing Jul 23, 2026
First filing on the tape Aug 17, 2022 · 10 filings
SEC status approved since Sep 15, 2022
RAUM
$5.3B
reported, Item 5.F
Discretionary
97%
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
19
18 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
14
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$5.3B as of Jul 23, 2026
Jan 12, 2023$2.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 23, 2026
Jan 12, 20230 then
Employees (5.A)19 as of Jul 23, 2026
Jan 12, 20236 then
Private funds14 as of Jul 23, 2026
Jan 12, 20233 then
RAUM +30% over the last fiscal year+35% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 23, 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
$375MderivedRAUM over accounts (5.F.2.f)
Discretionary
97%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
+29%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$5.3B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
14reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
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
      10 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••• J••••• M••••• · Founding Partnercontrol
        since 12/2021 · owns less than 5%
      • H••••••••• T•••••• M••• · Founding Partnercontrol
        since 12/2021 · owns less than 5%
      • I••••• S••••• J•••• · Founding Partnercontrol
        since 12/2021 · owns less than 5%
      • K••• M••••••• C••••• · Founding Partnercontrol
        since 12/2021 · owns less than 5%
      • M••••••• A••••• N•• · Chief Financial Officercontrol
        since 03/2023 · owns less than 5%
      • M•••••• B••••••• R•• · Founding Partnercontrol
        since 12/2021 · owns less than 5%
      • P•••••• A•••• V•••• · Founding Partnercontrol
        since 12/2021 · owns less than 5%
      • S••••• L••••• M•••••• · Chief Compliance Officer, General Counselcontrol
        since 04/2023 · owns less than 5%
      • B•••••• J••••• M••••• · Elected Managercontrol
        since 06/2022 · owns F of D••••• P••••••• L••
      • H••••••••• T•••••• M••• · Elected Managercontrol
        since 06/2022 · owns F of D••••• P••••••• L••
      • I••••• S••••• J•••• · Elected Managercontrol
        since 06/2022 · owns F of D••••• P••••••• L••
      • K••• M••••••• C••••• · Elected Managercontrol
        since 06/2022 · owns F of D••••• P••••••• L••
      • M•••••• J•••• D•••• · Elected Managercontrol
        since 12/2022 · owns F of D••••• P••••••• L••
      • M•••••• B••••••• R•• · Elected Managercontrol
        since 06/2022 · owns F of D••••• P••••••• L••
      • P•••••• A•••• V•••• · Elected Managercontrol
        since 06/2022 · owns F of D••••• P••••••• L••
      • S•••• A••• · Elected Managercontrol
        since 08/2022 · owns F of D••••• P••••••• L••
      Entity owners
      • D••••• P••••••• L•• · Sole Member
        direct · owns 75% or more
      • D••••• T••• L• · Member
        indirect · owns 75% or more of D••••• P••••••• L••
      • D••••• U••••••• G• L•• · General Partner
        indirect · owns F of D••••• T••• L•
      Related persons
      Schedule D 7.A
      • D••••• C•••• C••••••••• G• L•
        pooled vehicle sponsorn
      • D••••• C••••••••• V•• •••• G• S•• R•••
        pooled vehicle sponsorn
      • D••••• C••••••••• V•• G• L•
        pooled vehicle sponsorn
      • D••••• D•••••• B•• G• L•
        pooled vehicle sponsorn
      • D••••• P•••••••• B•• G• L•
        pooled vehicle sponsorn
      • D••••• P•••••••• B••• G• L•
        pooled vehicle sponsorn
      • D••••• P•••••••• B•• G• L•
        pooled vehicle sponsorn
      • D••••• P•••••••• B•• G• L•
        pooled vehicle sponsorn
      • D••••• S•••••••• P••••••• B•• G• L•
        pooled vehicle sponsorn
      • D••••• S•••••••• P••••••• B•• G• L•
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $5.0B to $5.1B
        Mar 30, 2026 to Jul 23, 2026
      • Non-discretionary RAUM · $182M to $182M
        Mar 30, 2026 to Jul 23, 2026
      • Pooled vehicle RAUM · $5.2B to $5.3B
        Mar 30, 2026 to Jul 23, 2026
      • RAUM · $5.2B to $5.3B
        Mar 30, 2026 to Jul 23, 2026
      • Accounts · 11 to 14
        Jul 2, 2025 to Mar 30, 2026
      • Advisory employees · 14 to 18
        Jul 2, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 11 to 14
        Jul 2, 2025 to Mar 30, 2026
      • Employees · 15 to 19
        Jul 2, 2025 to Mar 30, 2026
      • Private funds · 11 to 14
        Jul 2, 2025 to Mar 30, 2026
      • Discretionary RAUM · $3.9B to $5.0B
        Jul 2, 2025 to Mar 30, 2026
      • Non-discretionary RAUM · $159M to $182M
        Jul 2, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $4.1B to $5.2B
        Jul 2, 2025 to Mar 30, 2026
      • RAUM · $4.1B to $5.2B
        Jul 2, 2025 to Mar 30, 2026
      • Financial planning clients · unset to
        Mar 28, 2025 to Jul 2, 2025
      • Discretionary RAUM · $3.9B to $3.9B
        Mar 28, 2025 to Jul 2, 2025
      • Non-discretionary RAUM · $157M to $159M
        Mar 28, 2025 to Jul 2, 2025
      • Pooled vehicle RAUM · $4.0B to $4.1B
        Mar 28, 2025 to Jul 2, 2025
      • RAUM · $4.0B to $4.1B
        Mar 28, 2025 to Jul 2, 2025
      • Accounts · 10 to 11
        Jul 2, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 10 to 11
        Jul 2, 2024 to Mar 28, 2025
      • Employees · 14 to 15
        Jul 2, 2024 to Mar 28, 2025
      • Private funds · 10 to 11
        Jul 2, 2024 to Mar 28, 2025
      • Discretionary RAUM · $3.3B to $3.9B
        Jul 2, 2024 to Mar 28, 2025
      • Non-discretionary RAUM · $123M to $157M
        Jul 2, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $3.5B to $4.0B
        Jul 2, 2024 to Mar 28, 2025
      • RAUM · $3.5B to $4.0B
        Jul 2, 2024 to Mar 28, 2025
      • Discretionary RAUM · $3.3B to $3.3B
        Mar 27, 2024 to Jul 2, 2024
      • Non-discretionary RAUM · $111M to $123M
        Mar 27, 2024 to Jul 2, 2024
      • Pooled vehicle RAUM · $3.4B to $3.5B
        Mar 27, 2024 to Jul 2, 2024
      • RAUM · $3.4B to $3.5B
        Mar 27, 2024 to Jul 2, 2024
      • Accounts · 3 to 10
        Nov 1, 2023 to Mar 27, 2024
      • Advisory employees · 6 to 14
        Nov 1, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 3 to 10
        Nov 1, 2023 to Mar 27, 2024
      • Employees · 6 to 14
        Nov 1, 2023 to Mar 27, 2024
      • Private funds · 3 to 10
        Nov 1, 2023 to Mar 27, 2024
      • Discretionary RAUM · $2.0B to $3.3B
        Nov 1, 2023 to Mar 27, 2024
      • Non-discretionary RAUM · $135M to $111M
        Nov 1, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $2.1B to $3.4B
        Nov 1, 2023 to Mar 27, 2024
      • RAUM · $2.1B to $3.4B
        Nov 1, 2023 to Mar 27, 2024
      • Business name · D••••• A••••••• L•• to D••••• P•••••••
        Jan 12, 2023 to Jun 28, 2023
      Signals
      7 dated events
      • D••••• P••••••• reported RAUM $5.2B, up 28% from $4.1B (2025-07-02 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • D••••• P••••••• reported RAUM $3.4B, up 59% from $2.1B (2023-11-01 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Michael Lorne Smith (Chief Compliance Officer, General Counsel) appeared on Schedule A of D••••• P•••••••
        Jun 28, 2023 · Control person joined · fact
      • Nmn Alisa Makhlis (Chief Financial Officer) appeared on Schedule A of D••••• P•••••••
        Jun 28, 2023 · Control person joined · fact
      • Adam Sinn (Elected Manager) appeared on Schedule A of D••••• P•••••••
        Jan 12, 2023 · Control person joined · fact
      • David John Melvin (Elected Manager) appeared on Schedule A of D••••• P•••••••
        Jan 12, 2023 · Control person joined · fact
      • D••••• P••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 17, 2022 · 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
      dextra.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-300-9820reportedpublic record, Form ADV, Jul 23, 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