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

T••••••• I••••••••• M••••••••• L••

Asset manager (funds and pooled vehicles)New York, New YorkCRD 329567SEC 801-129382IAPD
Latest filing Mar 13, 2026
First filing on the tape Dec 19, 2023 · 5 filings
SEC status approved since Jan 18, 2024
RAUM
$172M
reported, Item 5.F
Discretionary
68%
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
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$172M as of Mar 13, 2026
Mar 26, 2025$174M then
HNW client RAUM$0 as of Mar 13, 2026
Mar 26, 2025$0 then
State-registered IARs (5.B.3)0 as of Mar 13, 2026
Mar 26, 20250 then
Employees (5.A)13 as of Mar 13, 2026
Mar 26, 202513 then
Private funds2 as of Mar 13, 2026
Mar 26, 20252 then
RAUM -1.3% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 13, 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
$57.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
68%derivedof RAUM
Institutional
17%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$143M, 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
  • 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)
  • 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$143M83%
  • Insurance companies$28.4M17%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$143M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.83 institutional_share=0.17 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T••••••• S•••••••• O••••••••• F•••• L•Real Estate Fund$66.0M5May 17, 2024
      A••• T••••••• J• L••Real Estate Fund$62.0M5May 17, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • A••••• J•••••• T••• · Chief Financial Officer & Chief Compliance Officercontrol
        since 12/2023 · owns less than 5%
      • D•••••• M•••••• •••• · Partner; Managercontrol
        since 12/2023 · owns 25% to 50%
      • P•••••••• M••••••• J•••• · Partner; Managercontrol
        since 12/2023 · owns 25% to 50%
      • A•••• D••••• I•••• · Partner
        since 12/2023 · owns 10% to 25%
      • A••••• V•••••• M••••• · Partner
        since 12/2023 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • T•• P•••••••• H••••••• 1• L••
        pooled vehicle sponsorn
      • T••••••• S•••••••• O••••••••• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Mar 13, 2026
        institutional share of RAUM of 17% against a peer median of 0% (1568 comparable advisers, 98.0th percentile, 5.6 robust deviations)
        peers: asset managers, $100M to $500M (1,568) · 98% percentile
      What changed
      consecutive filings, newest first
      • Assets in custody · $149M to $143M
        Dec 18, 2025 to Mar 13, 2026
      • Discretionary RAUM · $110M to $117M
        Dec 18, 2025 to Mar 13, 2026
      • Non-discretionary RAUM · $64.0M to $54.9M
        Dec 18, 2025 to Mar 13, 2026
      • Pooled vehicle RAUM · $149M to $143M
        Dec 18, 2025 to Mar 13, 2026
      • RAUM · $174M to $172M
        Dec 18, 2025 to Mar 13, 2026
      • Accounts · 2 to 3
        May 17, 2024 to Mar 26, 2025
      • Advisory activities · 1 to 2
        May 17, 2024 to Mar 26, 2025
      • Assets in custody · $128M to $149M
        May 17, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        May 17, 2024 to Mar 26, 2025
      • Discretionary RAUM · $66.0M to $110M
        May 17, 2024 to Mar 26, 2025
      • Non-discretionary RAUM · $62.0M to $64.0M
        May 17, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $128M to $149M
        May 17, 2024 to Mar 26, 2025
      • RAUM · $128M to $174M
        May 17, 2024 to Mar 26, 2025
      • Accounts · 0 to 2
        Dec 19, 2023 to May 17, 2024
      • Pooled vehicle clients · 0 to 2
        Dec 19, 2023 to May 17, 2024
      • Assets in custody · $0 to $128M
        Dec 19, 2023 to May 17, 2024
      • Custody of client assets · false to true
        Dec 19, 2023 to May 17, 2024
      • Private funds · unset to 2
        Dec 19, 2023 to May 17, 2024
      • Discretionary RAUM · $0 to $66.0M
        Dec 19, 2023 to May 17, 2024
      • Non-discretionary RAUM · $0 to $62.0M
        Dec 19, 2023 to May 17, 2024
      • Pooled vehicle RAUM · $0 to $128M
        Dec 19, 2023 to May 17, 2024
      • RAUM · $0 to $128M
        Dec 19, 2023 to May 17, 2024
      Signals
      1 dated events
      • T••••••• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Dec 19, 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.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      646-346-8871reportedpublic record, Form ADV, Mar 13, 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

      T••••••• I••••••••• 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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