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
P•••••• M••••••• P•••••••• L•
Latest filing Mar 31, 2026
First filing on the tape Dec 13, 2022 · 12 filings
SEC status approved since Sep 1, 2023
RAUM
$2.1B
reported, Item 5.F
Discretionary
49%
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
29
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$2.1B as of Mar 31, 2026
Mar 28, 2024$252M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20240 then
Employees (5.A)29 as of Mar 31, 2026
Mar 28, 202415 then
Private funds2 as of Mar 31, 2026
Mar 28, 20242 then
RAUM +28% over the last fiscal yearIARs 0 to 0offices 0 to 1
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
- $258MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 49%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +28%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $752M, 2 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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$752M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 8reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $752M for 2 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.36 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
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••• C••••• P••••••• F••• •••••••• L• | Other Private Fund | $153M | 2 | Jan 9, 2024 |
| P•••••• C••••• P••••••• F•••• L• | Other Private Fund | $101M | 1 | Dec 22, 2023 |
Owners and control persons
Schedule A and B, latest filing
- C•••••••• R•••••• A•••••• · General Counsel, Chief Operating Officercontrolsince 02/2024 · owns less than 5%
- M••••••• A•••••• U•••• · Chief Executive Officer, Chief Investment Officercontrolsince 11/2022 · owns less than 5%
- P••••• T•••••• L•• · Chief Compliance Officercontrolsince 05/2024 · owns less than 5%
- T••••••• T••••••• J•••• · Managing Partner, Presidentcontrolsince 02/2023 · owns less than 5%
- M••••••• A•••••• U•••• · Managercontrolsince 05/2024 · owns F of P• 2••• L•• S••••••• S••••• A•
- M••••••• A•••••• U•••• · Managing Membercontrolsince 11/2022 · owns 75% or more of P•••••• M••••••• M••••• G•• L••
- T••••••• T••••••• J•••• · Managing Membercontrolsince 06/2024 · owns 75% or more of T• 2••• L••
Entity owners
- P•••••• M••••••• M••••• G•• L•• · General Partnerdirect · owns less than 5%
- P• 2••• L•• S••••••• S••••• A• · L•••••• Partnerdirect · owns 75% or more
- I• E• T•••• C••••••• U••• · Trusteeindirect · owns F of P•••••• M• 2••• L••• T••• T••••
- P•••••• M• 2••• L••• T••• T•••• · L•••••• Partnerindirect · owns 75% or more of T• H••••••• L•••••• P•••••••••
- T• 2••• L•• · General Partnerindirect · owns F of T• H••••••• L•••••• P•••••••••
- T• H••••••• L•••••• P••••••••• · Memberindirect · owns 75% or more of P• 2••• L•• S••••••• S••••• A•
Related persons
Schedule D 7.A
- P•••••• C••••• P••••••• G•• L••bankpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 7 to 8Jun 27, 2025 to Mar 31, 2026
- Assets in custody · $337M to $752MJun 27, 2025 to Mar 31, 2026
- Employees · 24 to 29Jun 27, 2025 to Mar 31, 2026
- Other offices · 0 to 1Jun 27, 2025 to Mar 31, 2026
- Discretionary RAUM · $811M to $1.0BJun 27, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $800M to $1.0BJun 27, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $337M to $752MJun 27, 2025 to Mar 31, 2026
- RAUM · $1.6B to $2.1BJun 27, 2025 to Mar 31, 2026
- Financial planning clients · unset to Mar 31, 2025 to Jun 27, 2025
- Accounts · 4 to 7Aug 2, 2024 to Mar 31, 2025
- Advisory employees · 10 to 12Aug 2, 2024 to Mar 31, 2025
- Assets in custody · $253M to $337MAug 2, 2024 to Mar 31, 2025
- Employees · 17 to 24Aug 2, 2024 to Mar 31, 2025
- Discretionary RAUM · $497M to $811MAug 2, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $500M to $800MAug 2, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $253M to $337MAug 2, 2024 to Mar 31, 2025
- RAUM · $997M to $1.6BAug 2, 2024 to Mar 31, 2025
- Accounts · 3 to 4May 13, 2024 to Jul 19, 2024
- Assets in custody · $252M to $253MMay 13, 2024 to Jul 19, 2024
- Employees · 15 to 17May 13, 2024 to Jul 19, 2024
- Discretionary RAUM · $252M to $497MMay 13, 2024 to Jul 19, 2024
- Pooled vehicle RAUM · $252M to $253MMay 13, 2024 to Jul 19, 2024
- RAUM · $752M to $997MMay 13, 2024 to Jul 19, 2024
- Accounts · 2 to 3Mar 28, 2024 to May 13, 2024
- Advisory activities · 1 to 2Mar 28, 2024 to May 13, 2024
- Non-discretionary RAUM · $0 to $500MMar 28, 2024 to May 13, 2024
- RAUM · $252M to $752MMar 28, 2024 to May 13, 2024
- Advisory employees · 9 to 10Jan 9, 2024 to Mar 28, 2024
- Assets in custody · $250M to $252MJan 9, 2024 to Mar 28, 2024
- Employees · 11 to 15Jan 9, 2024 to Mar 28, 2024
- Discretionary RAUM · $250M to $252MJan 9, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $250M to $252MJan 9, 2024 to Mar 28, 2024
- RAUM · $250M to $252MJan 9, 2024 to Mar 28, 2024
- Accounts · 1 to 2Dec 22, 2023 to Jan 9, 2024
- Pooled vehicle clients · 1 to 2Dec 22, 2023 to Jan 9, 2024
- Assets in custody · $100M to $250MDec 22, 2023 to Jan 9, 2024
- Private funds · 1 to 2Dec 22, 2023 to Jan 9, 2024
- Discretionary RAUM · $100M to $250MDec 22, 2023 to Jan 9, 2024
- Pooled vehicle RAUM · $100M to $250MDec 22, 2023 to Jan 9, 2024
- RAUM · $100M to $250MDec 22, 2023 to Jan 9, 2024
Signals
13 dated events
- P•••••• M••••••• P•••••••• L• reported RAUM $2.1B, up 28% from $1.6B (2025-06-27 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- P•••••• M••••••• P•••••••• L• reported RAUM $1.6B, up 61% from $997.4M (2024-08-02 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- P•••••• M••••••• P•••••••• L• reported RAUM $997.4M, up 33% from $751.5M (2024-05-13 to 2024-07-19)Jul 19, 2024 · RAUM change · derived
- P•••••• M••••••• P•••••••• L• reported RAUM $751.5M, up 199% from $251.5M (2024-03-28 to 2024-05-13)May 13, 2024 · RAUM change · derived
- Lee T••••• P•••• (Chief Compliance Officer) appeared on Schedule A of P•••••• M••••••• P•••••••• L•May 13, 2024 · Control person joined · fact
- A•••••• R••••• C••••••• (General Counsel, Chief Operating Officer) appeared on Schedule A of P•••••• M••••••• P•••••••• L•Mar 28, 2024 · Control person joined · fact
- P•••••• M••••••• P•••••••• L• reported RAUM $250.0M, up 150% from $100.0M (2023-12-22 to 2024-01-09)Jan 9, 2024 · RAUM change · derived
- Nmn Roland Domann (Managing Director / Partner) no longer on Schedule A of P•••••• M••••••• P•••••••• L• (listed 2023-12-22, absent 2024-01-09)Jan 9, 2024 · Control person left · inference
- D••• C••••• A•••• (Managing Director / Partner) no longer on Schedule A of P•••••• M••••••• P•••••••• L• (listed 2023-12-22, absent 2024-01-09)Jan 9, 2024 · Control person left · inference
- Sue M•••••• B•••••• (Managing Director / Partner) no longer on Schedule A of P•••••• M••••••• P•••••••• L• (listed 2023-12-22, absent 2024-01-09)Jan 9, 2024 · Control person left · inference
- D••• C••••• A•••• (Managing Director / Partner) appeared on Schedule A of P•••••• M••••••• P•••••••• L•Dec 22, 2023 · Control person joined · fact
- Sue M•••••• B•••••• (Managing Director / Partner) appeared on Schedule A of P•••••• M••••••• P•••••••• L•Dec 22, 2023 · Control person joined · fact
- P•••••• M••••••• P••••••• L• filed its initial SEC registration (Form ADV)Dec 13, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- P•••••• M••••••• P•••••••• L• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Website
- phoenix-merchant.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (212) 804-9990reportedpublic 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
- Other adviserderiveda 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