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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

E•••••• C•••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Wayzata, MinnesotaCRD 323379SEC 801-127043websiteIAPD
Latest filing Mar 24, 2026
First filing on the tape Nov 15, 2022 · 8 filings
SEC status approved since Dec 15, 2022
RAUM
$854M
reported, Item 5.F
Discretionary
100%
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
13
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$854M as of Mar 24, 2026
Mar 16, 2023$237M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 16, 20230 then
Employees (5.A)13 as of Mar 24, 2026
Mar 16, 202315 then
Private funds1 as of Mar 24, 2026
Mar 16, 20231 then
RAUM -1.3% over the last fiscal year+53% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 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
$285MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%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
-1.3%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
$854M, 3 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.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$854M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$854M for 3 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=true 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
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      E•••••• M••••• F••• L•Hedge Fund$418M40Nov 15, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • A••••••••• J••••••• A• · Coo/Ccocontrol
        since 07/2022 · owns less than 5%
      • M••••••••• M•••••••• Q• · Cfocontrol
        since 10/2022 · owns less than 5%
      • W••••••• A•••••• H• · Managing Partnercontrol
        since 10/2021 · owns 75% or more
      • W••••••• A•••••• H• · Managing Membercontrol
        since 10/2021 · owns 75% or more of E•••••• C•••••• M••••••••• G•• L••
      Entity owners
      • E•••••• C•••••• M••••••••• G•• L•• · Gp
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • E•••••• C•••••• P•••••••• L••
        bankpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 10 to 13
        Mar 21, 2025 to Mar 24, 2026
      • Assets in custody · $865M to $854M
        Mar 21, 2025 to Mar 24, 2026
      • Employees · 15 to 13
        Mar 21, 2025 to Mar 24, 2026
      • Discretionary RAUM · $865M to $854M
        Mar 21, 2025 to Mar 24, 2026
      • Pooled vehicle RAUM · $865M to $854M
        Mar 21, 2025 to Mar 24, 2026
      • RAUM · $865M to $854M
        Mar 21, 2025 to Mar 24, 2026
      • Advisory employees · 11 to 10
        Jun 5, 2024 to Mar 21, 2025
      • Assets in custody · $418M to $865M
        Jun 5, 2024 to Mar 21, 2025
      • Employees · 16 to 15
        Jun 5, 2024 to Mar 21, 2025
      • Financial planning clients · unset to
        Jun 5, 2024 to Mar 21, 2025
      • Discretionary RAUM · $418M to $865M
        Jun 5, 2024 to Mar 21, 2025
      • Pooled vehicle RAUM · $418M to $865M
        Jun 5, 2024 to Mar 21, 2025
      • RAUM · $418M to $865M
        Jun 5, 2024 to Mar 21, 2025
      • Assets in custody · $573M to $418M
        Mar 20, 2024 to Jun 5, 2024
      • Discretionary RAUM · $573M to $418M
        Mar 20, 2024 to Jun 5, 2024
      • Pooled vehicle RAUM · $573M to $418M
        Mar 20, 2024 to Jun 5, 2024
      • RAUM · $573M to $418M
        Mar 20, 2024 to Jun 5, 2024
      • Assets in custody · $237M to $573M
        Oct 5, 2023 to Mar 20, 2024
      • Employees · 15 to 16
        Oct 5, 2023 to Mar 20, 2024
      • Discretionary RAUM · $237M to $573M
        Oct 5, 2023 to Mar 20, 2024
      • Pooled vehicle RAUM · $237M to $573M
        Oct 5, 2023 to Mar 20, 2024
      • RAUM · $237M to $573M
        Oct 5, 2023 to Mar 20, 2024
      • Accounts · unset to 3.0
        Dec 9, 2022 to Mar 16, 2023
      • Pooled vehicle clients · unset to 3.0
        Dec 9, 2022 to Mar 16, 2023
      • Assets in custody · unset to 236693000.0
        Dec 9, 2022 to Mar 16, 2023
      • Custody of client assets · false to true
        Dec 9, 2022 to Mar 16, 2023
      • Discretionary RAUM · unset to 236693000.0
        Dec 9, 2022 to Mar 16, 2023
      • Non-discretionary RAUM · unset to 0.0
        Dec 9, 2022 to Mar 16, 2023
      • Pooled vehicle RAUM · unset to 236693000.0
        Dec 9, 2022 to Mar 16, 2023
      • RAUM · unset to 236693000.0
        Dec 9, 2022 to Mar 16, 2023
      Signals
      4 dated events
      • E•••••• C•••••• M••••••••• L• reported RAUM $865.5M, up 107% from $418.2M (2024-06-05 to 2025-03-21)
        Mar 21, 2025 · RAUM change · derived
      • E•••••• C•••••• M••••••••• L• reported RAUM $418.2M, down 27% from $573.0M (2024-03-20 to 2024-06-05)
        Jun 5, 2024 · RAUM change · derived
      • E•••••• C•••••• M••••••••• L• reported RAUM $573.0M, up 142% from $236.7M (2023-10-05 to 2024-03-20)
        Mar 20, 2024 · RAUM change · derived
      • E•••••• C•••••• M••••••••• L• filed its initial SEC registration (Form ADV)
        Nov 15, 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
      Firm profile
      linkedin.com/company/estuary-capitalreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      612-895-5515reportedpublic record, Form ADV, Mar 24, 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