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•••• L••• I••••••••• L••
Latest filing Apr 29, 2026
First filing on the tape Feb 11, 2025 · 5 filings
SEC status approved since Mar 7, 2025
RAUM
$1.2B
reported, Item 5.F
Discretionary
0.0%
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
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$1.2B as of Apr 29, 2026
Feb 11, 2025$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 29, 2026
Feb 11, 20250 then
Employees (5.A)5 as of Apr 29, 2026
Feb 11, 20253 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Apr 29, 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
- $1.2BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%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
- 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, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Corporations and businesses$1.2B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.0 institutional_share=0.0 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
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Q••••••• A•••• P••••• · Ceocontrolsince 11/2024 · owns less than 5%
- T••••• A••••• C•••••• · Ccocontrolsince 02/2025 · owns less than 5%
- Q••••••• E••••• B•••••• · Coosince 11/2024 · 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.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Apr 29, 2026discretionary share of RAUM of 0% against a peer median of 100% (247 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: other advisers, $1B to $5B (247) · 0.0% percentile
What changed
consecutive filings, newest first
- Employees · 9 to 5Nov 18, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $801M to $1.2BNov 18, 2025 to Mar 30, 2026
- RAUM · $801M to $1.2BNov 18, 2025 to Mar 30, 2026
- HQ city · SHOREWOOD to WAYZATAJul 7, 2025 to Nov 18, 2025
- Accounts · 0 to 1Feb 11, 2025 to Jul 7, 2025
- Advisory employees · 1 to 3Feb 11, 2025 to Jul 7, 2025
- Employees · 3 to 9Feb 11, 2025 to Jul 7, 2025
- Financial planning clients · unset to Feb 11, 2025 to Jul 7, 2025
- Non-discretionary RAUM · $0 to $801MFeb 11, 2025 to Jul 7, 2025
- RAUM · $0 to $801MFeb 11, 2025 to Jul 7, 2025
Signals
1 dated events
- B•••• L••• I••••••••• L•• reported RAUM $1.2B, up 49% from $800.8M (2025-11-18 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
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
- Website
- blacklakeinvestments.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 215.913.2782reportedpublic record, Form ADV, Apr 29, 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