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.

Former SEC-registered adviser

First Trust Investment Solutions L.P.

Former SEC-registered adviserNaples, FloridaCRD 328327SEC 801-128828IAPD
Latest filing May 29, 2024
First filing on the tape Sep 3, 2023 · 6 filings
RAUM
$518M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
88%
$458M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$47.9M gross assets
History
6 filings and snapshots on the tape
RAUM$518M as of May 29, 2024
Sep 3, 2023$469M then
HNW client RAUM$454M as of May 29, 2024
Sep 3, 2023$406M then
State-registered IARs (5.B.3)7 as of May 29, 2024
Sep 3, 20237 then
Employees (5.A)8 as of May 29, 2024
Sep 3, 20238 then
Private funds1 as of May 29, 2024
Sep 3, 20231 then
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of May 29, 2024; every figure names its basis
RAUM per advisor
$74.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
111derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$604,288derivedHNW RAUM over HNW clients
Average account
$647,659derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween 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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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
  • buys or sells securities as principal to or from clients (8.A.2)
  • 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$454M88%
  • Pooled investment vehicles$48.3M9.3%
  • Corporations and businesses$7.0M1.4%
  • Individuals$4.6M0.9%
  • Charitable organizations$4.4M0.8%
Individual clients
27reported
HNW clients
751reported
Pension plan clients
n/areported
Charitable clients
7reported
Accounts
800reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $81.3M managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
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
    Every departureEvery arrival
    Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Ftis Enhanced Liquid Income Fund Master Fund, LPHedge Fund$47.9M61Nov 2, 2022
    Owners and control persons
    Schedule A and B, latest filing
    • Robert Carr · Chief Operations Officercontrol
      since 08/2023 · owns less than 5%
    • Martin James Dykas · Chief Financial Officercontrol
      since 08/2023 · owns less than 5%
    • M Kevin Erndl · Chief Investment Officercontrol
      since 08/2023 · owns less than 5%
    • James Robert Hughes · Chief Executive Officercontrol
      since 08/2023 · owns less than 5%
    • Allen James Bowen · Sole Shareholdercontrol
      since 10/2010 · owns 75% or more of Ajm Ventures LLC
    • G Jonathan Kasting · Chief Compliance Officer
      since 08/2023 · owns less than 5%
    • Lynne Christina Knierim · Controller
      since 08/2023 · owns less than 5%
    Entity owners
    • Grace Partners Of Dupage L.P. · Limited Partner
      direct · owns 75% or more
    • The Charger Corporation · General Partner
      direct · owns less than 5%
    • Ajm Ventures LLC · Shareholder
      indirect · owns 75% or more of The Charger Corporation
    • The Charger Corporation · General Partner
      indirect · owns F of Grace Partners Of Dupage L.P.
    Related persons
    Schedule D 7.A
    Advisers that list First Trust Investment Solutions L.P. as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 799 to 800
      Dec 5, 2023 to Mar 29, 2024
    • Advisory activities · 6 to 5
      Dec 5, 2023 to Mar 29, 2024
    • Corporate clients · 16 to 14
      Dec 5, 2023 to Mar 29, 2024
    • HNW clients · 748 to 751
      Dec 5, 2023 to Mar 29, 2024
    • Financial planning clients · 1-10 to 0
      Dec 5, 2023 to Mar 29, 2024
    • Discretionary RAUM · $469M to $518M
      Dec 5, 2023 to Mar 29, 2024
    • HNW RAUM · $406M to $454M
      Dec 5, 2023 to Mar 29, 2024
    • Individual RAUM · $4.3M to $4.6M
      Dec 5, 2023 to Mar 29, 2024
    • Pooled vehicle RAUM · $47.4M to $48.3M
      Dec 5, 2023 to Mar 29, 2024
    • RAUM · $469M to $518M
      Dec 5, 2023 to Mar 29, 2024
    • Wrap assets (manager) · $56.2M to $81.3M
      Dec 5, 2023 to Mar 29, 2024
    • Succession · true to false
      Sep 3, 2023 to Nov 30, 2023
    Signals
    5 dated events
    • First Trust Investment Solutions L.P.'s advisors moved to First Trust Advisors LP (Naples, FL): 9 of 9 registered, on the same day
      Dec 20, 2024 · Firm absorbed (people side) · derived
    • Robert Carr (Chief Operations Officer) appeared on Schedule A of First Trust Investment Solutions L.P.
      May 29, 2024 · Control person joined · fact
    • Gyroscope Capital Management Group LLC's advisors moved to First Trust Investment Solutions L.P. (Naples, FL): 5 of 6 registered, on the same day
      Dec 7, 2023 · Firm absorbed (people side) · derived
    • First Trust Investment Solutions L.P. reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Sep 3, 2023 · Succession (Item 4) · fact
    • First Trust Investment Solutions L.P. filed its initial SEC registration (Form ADV)
      Sep 3, 2023 · 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.
    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
    Former SEC-registered 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