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

C••••• R••• E••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Philadelphia, PennsylvaniaCRD 321897SEC 801-126642websiteIAPD
Latest filing Mar 19, 2026
First filing on the tape Aug 29, 2022 · 8 filings
SEC status approved since Sep 28, 2022
RAUM
$457M
reported, Item 5.F
Discretionary
61%
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
15
12 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
9
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$457M as of Mar 19, 2026
Mar 22, 2023$363M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 19, 2026
Mar 22, 20231 then
Employees (5.A)15 as of Mar 19, 2026
Mar 22, 202312 then
Private funds9 as of Mar 19, 2026
Mar 22, 20239 then
RAUM +3.4% over the last fiscal year+8.0% a year over threeIARs 0 to 0offices 3 to 4
Practice profile
derived from the filing of Mar 19, 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
$50.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
61%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
+3.4%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
Custody
$382M, 9 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$457M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$382M for 9 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
      9 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• C••••••••• · Partnercontrol
        since 12/2018 · owns 25% to 50%
      • B••••••• R••••• · Partnercontrol
        since 12/2018 · owns 25% to 50%
      • K••••••• M•••••• · Cfocontrol
        since 01/2021 · owns less than 5%
      • L•••••• S••••••• · Chief Operating Officer And Chief Compliance Officercontrol
        since 02/2023 · owns less than 5%
      • P•••••• D•••• · Partnercontrol
        since 12/2018 · owns 25% to 50%
      • Y••••••• P••••••• J••• · Managing Partnercontrol
        since 12/2018 · owns 25% to 50%
      Related persons
      Schedule D 7.A
      • C••••• R••• E••••• F••• I• G• L•
        pooled vehicle sponsory
      • C••••• R••• E••••• F••• I• G• L•
        pooled vehicle sponsory
      • C••••• R••• E••••• S•••••• F••• G• L••
        pooled vehicle sponsory
      • S•• I• C••••• H••••••• G• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • Philadephia, PA5 employees
      • Chevy Chase, MD3 employees
      What changed
      consecutive filings, newest first
      • Assets in custody · $387M to $382M
        Mar 31, 2025 to Mar 19, 2026
      • HQ city · WILMINGTON to PHILADELPHIA
        Mar 31, 2025 to Mar 19, 2026
      • HQ state · DE to PA
        Mar 31, 2025 to Mar 19, 2026
      • Other offices · 3 to 4
        Mar 31, 2025 to Mar 19, 2026
      • Discretionary RAUM · $323M to $281M
        Mar 31, 2025 to Mar 19, 2026
      • Non-discretionary RAUM · $120M to $177M
        Mar 31, 2025 to Mar 19, 2026
      • Pooled vehicle RAUM · $442M to $457M
        Mar 31, 2025 to Mar 19, 2026
      • RAUM · $442M to $457M
        Mar 31, 2025 to Mar 19, 2026
      • Advisory employees · 10 to 12
        Feb 14, 2025 to Mar 31, 2025
      • Assets in custody · $370M to $387M
        Feb 14, 2025 to Mar 31, 2025
      • Employees · 14 to 15
        Feb 14, 2025 to Mar 31, 2025
      • Financial planning clients · 0 to 0
        Feb 14, 2025 to Mar 31, 2025
      • Discretionary RAUM · $330M to $323M
        Feb 14, 2025 to Mar 31, 2025
      • Non-discretionary RAUM · $138M to $120M
        Feb 14, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · $469M to $442M
        Feb 14, 2025 to Mar 31, 2025
      • RAUM · $469M to $442M
        Feb 14, 2025 to Mar 31, 2025
      • Employees · 15 to 14
        Mar 12, 2024 to Feb 14, 2025
      • Other offices · 2 to 3
        Mar 12, 2024 to Feb 14, 2025
      • Accounts · 8 to 9
        May 3, 2023 to Mar 12, 2024
      • Advisory employees · 7 to 10
        May 3, 2023 to Mar 12, 2024
      • Pooled vehicle clients · 8 to 9
        May 3, 2023 to Mar 12, 2024
      • Assets in custody · $325M to $370M
        May 3, 2023 to Mar 12, 2024
      • Employees · 12 to 15
        May 3, 2023 to Mar 12, 2024
      • State-registered IARs · 1 to 0
        May 3, 2023 to Mar 12, 2024
      • Discretionary RAUM · $230M to $330M
        May 3, 2023 to Mar 12, 2024
      • Non-discretionary RAUM · $133M to $138M
        May 3, 2023 to Mar 12, 2024
      • Pooled vehicle RAUM · $363M to $469M
        May 3, 2023 to Mar 12, 2024
      • RAUM · $363M to $469M
        May 3, 2023 to Mar 12, 2024
      • Accounts · 7 to 8
        Feb 15, 2023 to Mar 22, 2023
      • Advisory employees · 9 to 7
        Feb 15, 2023 to Mar 22, 2023
      • Pooled vehicle clients · 7 to 8
        Feb 15, 2023 to Mar 22, 2023
      • Assets in custody · $210M to $325M
        Feb 15, 2023 to Mar 22, 2023
      • Employees · 13 to 12
        Feb 15, 2023 to Mar 22, 2023
      • Financial planning clients · unset to 0
        Feb 15, 2023 to Mar 22, 2023
      • State-registered IARs · 0 to 1
        Feb 15, 2023 to Mar 22, 2023
      • Private funds · 7 to 9
        Feb 15, 2023 to Mar 22, 2023
      • Discretionary RAUM · $179M to $230M
        Feb 15, 2023 to Mar 22, 2023
      • Non-discretionary RAUM · $94.2M to $133M
        Feb 15, 2023 to Mar 22, 2023
      • Pooled vehicle RAUM · $273M to $363M
        Feb 15, 2023 to Mar 22, 2023
      • RAUM · $273M to $363M
        Feb 15, 2023 to Mar 22, 2023
      Signals
      3 dated events
      • C••••• R••• E••••• M••••••••• L•• reported RAUM $468.8M, up 29% from $363.4M (2023-05-03 to 2024-03-12)
        Mar 12, 2024 · RAUM change · derived
      • Jean Stacey Gillespie (Cco) no longer on Schedule A of C••••• R••• E••••• M••••••••• L•• (listed 2022-08-29, absent 2023-02-15)
        Feb 15, 2023 · Control person left · inference
      • C••••• R••• E••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 29, 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
      Website
      cortenrealestate.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      215-454-7381reportedpublic record, Form ADV, Mar 19, 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

      C••••• R••• E••••• 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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