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
B•••••• I••••••••• P••••••• L••
Latest filing May 11, 2026
First filing on the tape Sep 6, 2022 · 15 filings
SEC status approved since Oct 6, 2022
RAUM
$920M
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
9
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$920M as of May 11, 2026
Feb 1, 2023$50.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 11, 2026
Feb 1, 20230 then
Employees (5.A)9 as of May 11, 2026
Feb 1, 20231 then
Private funds: no history
RAUM +7.1% over the last fiscal year+164% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 11, 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
- $115MderivedRAUM 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
- +10%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, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, otherreportedItem 5.G
- Custody
- $877M, 7 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 custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$877M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 8reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $877M for 7 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.95 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• P••••• J••••• · President And Chief Executive Officercontrolsince 09/2022 · owns less than 5%
- G•••••• S••••• J••• · Chief Operating Officercontrolsince 11/2022 · owns less than 5%
- L•• C••• · Chief Technology Officercontrolsince 03/2023 · owns less than 5%
- L•• X•••••••• · Chief Investment Officercontrolsince 11/2022 · owns less than 5%
- R••••••••• J•••• A•••••• · General Counselcontrolsince 05/2024 · owns less than 5%
- X••• J••••••• Y•••• · Chief Financial Officercontrolsince 04/2024 · owns less than 5%
- B•••••• P••••• J••••• · Executive Officercontrolsince 10/2020 · owns 75% or more of B••••••• I••••••••• P••••••• H••••••• L••
Entity owners
- B••••••• I••••••••• P••••••• H••••••• L•• · Sole Memberdirect · owns 75% or more
- B•••••• H••••••• 1• L•• · Memberindirect · owns 75% or more of B••••••• I••••••••• P••••••• H••••••• L••
- B•••••• H••••••• 2• L•• · Managing Memberindirect · owns 75% or more of B••••••• I••••••••• P••••••• H••••••• L••
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing May 11, 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
What changed
consecutive filings, newest first
- Advisory employees · 5 to 4Mar 30, 2026 to May 11, 2026
- Assets in custody · $904M to $877MMar 30, 2026 to May 11, 2026
- Employees · 10 to 9Mar 30, 2026 to May 11, 2026
- Non-discretionary RAUM · $949M to $920MMar 30, 2026 to May 11, 2026
- Pooled vehicle RAUM · $904M to $877MMar 30, 2026 to May 11, 2026
- RAUM · $949M to $920MMar 30, 2026 to May 11, 2026
- Advisory activities · 1 to 2Aug 14, 2025 to Mar 30, 2026
- Assets in custody · $794M to $904MAug 14, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $848M to $949MAug 14, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $794M to $904MAug 14, 2025 to Mar 30, 2026
- RAUM · $848M to $949MAug 14, 2025 to Mar 30, 2026
- Accounts · 7 to 8Jul 17, 2025 to Aug 14, 2025
- Pooled vehicle clients · 6 to 7Jul 17, 2025 to Aug 14, 2025
- Assets in custody · $848M to $794MJul 17, 2025 to Aug 14, 2025
- Financial planning clients · 0 to 0Jul 17, 2025 to Aug 14, 2025
- Accounts · 6 to 7Mar 31, 2025 to Jul 17, 2025
- Pooled vehicle clients · 5 to 6Mar 31, 2025 to Jul 17, 2025
- Assets in custody · $804M to $848MMar 31, 2025 to Jul 17, 2025
- Non-discretionary RAUM · $859M to $848MMar 31, 2025 to Jul 17, 2025
- Pooled vehicle RAUM · $804M to $794MMar 31, 2025 to Jul 17, 2025
- RAUM · $859M to $848MMar 31, 2025 to Jul 17, 2025
- Accounts · 5 to 6May 21, 2024 to Mar 31, 2025
- Advisory employees · 4 to 5May 21, 2024 to Mar 31, 2025
- Assets in custody · $519M to $804MMay 21, 2024 to Mar 31, 2025
- Employees · 12 to 10May 21, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $519M to $859MMay 21, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $519M to $804MMay 21, 2024 to Mar 31, 2025
- RAUM · $519M to $859MMay 21, 2024 to Mar 31, 2025
- Accounts · 4 to 5Mar 18, 2024 to May 14, 2024
- Advisory employees · 3 to 4Mar 18, 2024 to May 14, 2024
- Pooled vehicle clients · 4 to 5Mar 18, 2024 to May 14, 2024
- Assets in custody · $289M to $519MMar 18, 2024 to May 14, 2024
- Employees · 9 to 12Mar 18, 2024 to May 14, 2024
- Non-discretionary RAUM · $289M to $519MMar 18, 2024 to May 14, 2024
- Pooled vehicle RAUM · $289M to $519MMar 18, 2024 to May 14, 2024
- RAUM · $289M to $519MMar 18, 2024 to May 14, 2024
- Assets in custody · $247M to $289MNov 17, 2023 to Mar 18, 2024
- Non-discretionary RAUM · $247M to $289MNov 17, 2023 to Mar 18, 2024
- Pooled vehicle RAUM · $247M to $289MNov 17, 2023 to Mar 18, 2024
- RAUM · $247M to $289MNov 17, 2023 to Mar 18, 2024
Signals
7 dated events
- B•••••• I••••••••• P••••••• L•• reported RAUM $859.3M, up 66% from $518.7M (2024-05-21 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- B•••••• I••••••••• P••••••• L•• reported RAUM $518.7M, up 79% from $289.4M (2024-03-18 to 2024-05-14)May 14, 2024 · RAUM change · derived
- B•••••• I••••••••• P••••••• L•• reported RAUM $247.1M, up 394% from $50.0M (2023-05-31 to 2023-11-17)Nov 17, 2023 · RAUM change · derived
- Xiangyang Li (Chief Investment Officer) appeared on Schedule A of B•••••• I••••••••• P••••••• L••Nov 17, 2023 · Control person joined · fact
- Chao Li (Chief Technology Officer) appeared on Schedule A of B•••••• I••••••••• P••••••• L••Nov 17, 2023 · Control person joined · fact
- Jean Sarah Gurley (Chief Compliance Officer) appeared on Schedule A of B•••••• I••••••••• P••••••• L••May 31, 2023 · Control person joined · fact
- B•••••• I••••••••• P••••••• L•• filed its initial SEC registration (Form ADV)Sep 6, 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
- b•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 917-292-7146reportedpublic record, Form ADV, May 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
- 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