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.
SEC-registered adviser
Secondmarket Financial, LLC
Latest filing Jul 9, 2026
First filing on the tape Nov 19, 2024 · 7 filings
SEC status approved since Mar 6, 2025
RAUM
$150M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$25.0M
derived; firm RAUM over IAPD count
Employees
19
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
25
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$150M as of Jul 9, 2026
Feb 26, 2025$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)3 as of Jul 9, 2026
Feb 26, 20250 then
Employees (5.A)19 as of Jul 9, 2026
Feb 26, 202514 then
Private funds25 as of Jul 9, 2026
Jul 3, 20257 then
RAUM n/a over the last fiscal yearIARs 0 to 3
Practice profile
derived from the filing of Jul 9, 2026; every figure names its basis
- RAUM per advisor
- $25.0MderivedRAUM 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
- $6.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.2derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 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, otherreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehicles, otherreportedItem 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$150M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 25reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=14.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Uzair Tahir Hafeez | Woodstock, Ga | Jun 10, 2025 | 12 y | 1 |
| Theodore Hart Dulchinos | New York, Ny | Jun 10, 2025 | 13 y | 0 |
| Samuel Berkowitz | New York, Ny | May 4, 2026 | 10 y | 0 |
| Blake Lawrence Weltmann | New York, Ny | May 11, 2026 | 10 y | 2 |
| Garrett Johnson | New York, Ny | May 27, 2026 | 10 y | 4 |
| Kyra L Hershkowitz | New York, Ny | Sep 11, 2026 | 18 y | 1 |
Advisor movement
1 left, 3 joined in 12 months
net +2 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 17% of current headcount1 left over 36 months
Left, latest
- Francis Ofori-Amanfo to Augment Advisors, LLCFeb 26, 2026 · Other
Joined, latest
- Kyra L Hershkowitz from Equitable Advisors, LLCSep 11, 2026 · Other
- Garrett Johnson from Forge Global Advisors LLCMay 27, 2026 · Other
- Blake Lawrence Weltmann from Spartan Capital Private Wealth Management LLCMay 11, 2026 · Other
- Uzair Tahir Hafeez from E*Trade Capital Management, LLCJun 10, 2025 · RIA to a newly registered adviser
- Francis Ofori-Amanfo from Taylor Hoffman Capital ManagementJun 10, 2025 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Francis Thomas Callahan · Chief Executive Officercontrolsince 11/2024 · owns less than 5%
- John Andrew Kroculick · Head Of Business Operations And Client Experiencecontrolsince 11/2024 · owns less than 5%
- Michael Christopher Setaro · Chief Compliance Officercontrolsince 11/2024 · owns less than 5%
Entity owners
- Nasdaq Private Market, LLC · Shareholderdirect · owns 75% or more
- Allen & Company LLC · Ownerindirect · owns F of Nasdaq Private Market, LLC
- Banc Of America Strategic Investments Corporation · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- Bnp Paribas S.A. · Ownerindirect · owns F of Nasdaq Private Market, LLC
- Citicorp Northamerica, Inc. · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- Drw Venture Capital LLC · Ownerindirect · owns F of Nasdaq Private Market, LLC
- Goldman Sachs Psi Global Holdings LLC · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- Hijojo Partners Inc · Ownerindirect · owns F of Nasdaq Private Market, LLC
- Nasdaq Fund Secondaries, LLC · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- Nasdaq Inc. · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- Strategic Investments I, Inc. · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- Svb Financial Group · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- UBS Americas, Inc · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
- Wells Fargo Central Pacific Holdings, Inc · Ownerindirect · owns F of Nasdaq Private Market, LLC · public reporting company
Related persons
Schedule D 7.A
- Nasdaq Dorsey Wrightinvestment advisernRAUM $1.0B
- Nasdaq Capital Markets Advisory LLCbroker-dealern
- Nasdaq Execution Services, LLCbroker-dealern
- Nasdaq Incbroker-dealern
- Nfstx, LLCbroker-dealern
- Npm Securities, LLCbroker-dealern
- Secondmarket Growth Management, LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| New York, Ny · principal | 6 | 4 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- many private funds relative to firm sizeStatic outlier · filing Jul 9, 2026private funds per $1B of RAUM of 166.6 against a peer median of 20.7 (712 comparable advisers, 99.0th percentile, 11.2 robust deviations)peers: asset managers, $100M to $500M (712) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 20 to 25Jan 8, 2026 to Mar 31, 2026
- BD registered reps · 18 to 14Jan 8, 2026 to Mar 31, 2026
- Pooled vehicle clients · 7 to 25Jan 8, 2026 to Mar 31, 2026
- Private funds · 20 to 25Jan 8, 2026 to Mar 31, 2026
- Discretionary RAUM · $141M to $150MJan 8, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $141M to $150MJan 8, 2026 to Mar 31, 2026
- RAUM · $141M to $150MJan 8, 2026 to Mar 31, 2026
- Accounts · 7 to 20Aug 25, 2025 to Jan 8, 2026
- Private funds · 7 to 20Aug 25, 2025 to Jan 8, 2026
- Discretionary RAUM · $29.9M to $141MAug 25, 2025 to Jan 8, 2026
- Pooled vehicle RAUM · $29.9M to $141MAug 25, 2025 to Jan 8, 2026
- RAUM · $29.9M to $141MAug 25, 2025 to Jan 8, 2026
- Accounts · 0 to 7Feb 26, 2025 to Jul 3, 2025
- Advisory employees · 1 to 3Feb 26, 2025 to Jul 3, 2025
- Advisory activities · 1 to 2Feb 26, 2025 to Jul 3, 2025
- BD registered reps · 14 to 18Feb 26, 2025 to Jul 3, 2025
- Individual clients · 0.0 to unsetFeb 26, 2025 to Jul 3, 2025
- Pooled vehicle clients · unset to 7.0Feb 26, 2025 to Jul 3, 2025
- Employees · 14 to 19Feb 26, 2025 to Jul 3, 2025
- Financial planning clients · unset to Feb 26, 2025 to Jul 3, 2025
- State-registered IARs · 0 to 3Feb 26, 2025 to Jul 3, 2025
- Private funds · unset to 7Feb 26, 2025 to Jul 3, 2025
- Discretionary RAUM · $0 to $29.9MFeb 26, 2025 to Jul 3, 2025
- Individual RAUM · 0.0 to unsetFeb 26, 2025 to Jul 3, 2025
- Pooled vehicle RAUM · unset to 29907776.0Feb 26, 2025 to Jul 3, 2025
- RAUM · $0 to $29.9MFeb 26, 2025 to Jul 3, 2025
- Organization form · Limited Liability Partnership to Limited Liability CompanyNov 19, 2024 to Feb 26, 2025
Signals
2 dated events
- Francis Ofori-Amanfo left Secondmarket Financial, Llc for Augment Advisors, Llc (registered 2026-04-09)Feb 26, 2026 · Advisor changed firm · fact
- Secondmarket Financial, Llc filed its initial SEC registration (Form ADV)Nov 19, 2024 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Secondmarket Financial, LLC · Independent Sponsorsshared crd · capital_provider
- Secondmarket Financial, LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/nasdaq-private-marketreportedpublic record, Form ADV, Sep 18, 2026
- Website
- secondmarket.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 646-968-7000reportedpublic record, Form ADV, Jul 9, 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
- $25.0Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026