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••••••••• C•••••• M••••••••• L•

Asset manager (funds and pooled vehicles)New York, New YorkCRD 329873SEC 801-129623websiteIAPD
Latest filing Jul 22, 2026
First filing on the tape Feb 2, 2024 · 6 filings
SEC status approved since Mar 6, 2024
RAUM
$1.1B
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
11
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$1.1B as of Jul 22, 2026
Mar 20, 2025$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 22, 2026
Mar 20, 20250 then
Employees (5.A)11 as of Jul 22, 2026
Mar 20, 20259 then
Private funds1 as of Jul 22, 2026
Mar 20, 20251 then
RAUM +0.2% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Jul 22, 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
$158MderivedRAUM 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
+0.2%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
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.1B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      B••••••••• C•••••• M••••• F•••• L•Hedge Fund$26.5M4Jun 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • L•••• C••••••••• M••••• · Founding Partner, Director Of Researchcontrol
        since 08/2024 · owns 10% to 25%
      • S••••••• J•••• T••••• · Chief Operating Officer / Chief Compliance Officercontrol
        since 11/2023 · owns less than 5%
      • T•••••• T••••••• A•••••• · Limited Partner / Chief Investment Officercontrol
        since 11/2023 · owns 75% or more
      • T•••••• T••••••• A•••••• · Sole Membercontrol
        since 11/2023 · owns 75% or more of B••••••••• C•••••• M••••••••• G• L••
      Entity owners
      • B••••••••• C•••••• M••••••••• G• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 7 to 8
        Mar 25, 2026 to Jul 22, 2026
      • Employees · 10 to 11
        Mar 25, 2026 to Jul 22, 2026
      • Accounts · 5 to 7
        Mar 20, 2025 to Mar 25, 2026
      • Pooled vehicle clients · 5 to 7
        Mar 20, 2025 to Mar 25, 2026
      • Employees · 9 to 10
        Mar 20, 2025 to Mar 25, 2026
      • Discretionary RAUM · $1.1B to $1.1B
        Mar 20, 2025 to Mar 25, 2026
      • Pooled vehicle RAUM · $1.1B to $1.1B
        Mar 20, 2025 to Mar 25, 2026
      • RAUM · $1.1B to $1.1B
        Mar 20, 2025 to Mar 25, 2026
      • Advisory employees · 5 to 7
        Sep 9, 2024 to Mar 20, 2025
      • Employees · 7 to 9
        Sep 9, 2024 to Mar 20, 2025
      • Financial planning clients · unset to
        Sep 9, 2024 to Mar 20, 2025
      • Discretionary RAUM · $466M to $1.1B
        Sep 9, 2024 to Mar 20, 2025
      • Pooled vehicle RAUM · $466M to $1.1B
        Sep 9, 2024 to Mar 20, 2025
      • RAUM · $466M to $1.1B
        Sep 9, 2024 to Mar 20, 2025
      • Accounts · unset to 5.0
        Feb 2, 2024 to Jun 28, 2024
      • Advisory employees · 3 to 5
        Feb 2, 2024 to Jun 28, 2024
      • Pooled vehicle clients · unset to 5.0
        Feb 2, 2024 to Jun 28, 2024
      • Employees · 5 to 7
        Feb 2, 2024 to Jun 28, 2024
      • Private funds · unset to 1
        Feb 2, 2024 to Jun 28, 2024
      • Discretionary RAUM · unset to 465535849.0
        Feb 2, 2024 to Jun 28, 2024
      • Non-discretionary RAUM · unset to 0.0
        Feb 2, 2024 to Jun 28, 2024
      • Pooled vehicle RAUM · unset to 465535849.0
        Feb 2, 2024 to Jun 28, 2024
      • RAUM · unset to 465535849.0
        Feb 2, 2024 to Jun 28, 2024
      • Related bank · false to true
        Feb 2, 2024 to Jun 28, 2024
      Signals
      3 dated events
      • B••••••••• C•••••• M••••••••• L• reported RAUM $1.1B, up 137% from $465.5M (2024-09-09 to 2025-03-20)
        Mar 20, 2025 · RAUM change · derived
      • Morgan Christopher Leff (Founding Partner, Director Of Research) appeared on Schedule A of B••••••••• C•••••• M••••••••• L•
        Sep 9, 2024 · Control person joined · fact
      • B••••••••• C•••••• M••••••••• L• filed its initial SEC registration (Form ADV)
        Feb 2, 2024 · 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/benchstone-capital-management-lpreportedpublic record, Form ADV, Sep 19, 2026
      Website
      b•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      646-908-6000reportedpublic record, Form ADV, Jul 22, 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