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SEC-registered adviser

P•••••• L•••• M••••••••• C••••••• L••

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 335704SEC 801-132839websiteIAPD
Latest filing Aug 10, 2026
First filing on the tape Apr 22, 2025 · 6 filings
SEC status approved since May 22, 2025
RAUM
$294M
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
50
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
4
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$294M as of Aug 10, 2026
Apr 22, 2025$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 10, 2026
Apr 22, 20250 then
Employees (5.A)50 as of Aug 10, 2026
Apr 22, 20256 then
Private funds4 as of Aug 10, 2026
Apr 22, 20251 then
RAUM n/a over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Aug 10, 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
$73.5MderivedRAUM 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
unknownderived3 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 pooled vehiclesreportedItem 5.G
Custody
$108M, 4 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
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$294M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$108M for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=12.0derived
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
      • B•••••• B•••• A•• · Directorcontrol
        since 12/2025 · owns less than 5%
      • H••••• L••••• M••••••• L••••• · Chairwoman Chief Financial Officercontrol
        since 12/2024 · owns less than 5%
      • M•••••••• C••••••• G• · Directorcontrol
        since 12/2025 · owns less than 5%
      • M••••• S••••••• C• · Directorcontrol
        since 12/2025 · owns less than 5%
      • R••••••••• E•••• L••••• · Chief Administrative Officer & Board Secretarycontrol
        since 12/2024 · owns less than 5%
      • R•••••• A••••••• D•••• · Directorcontrol
        since 12/2024 · owns less than 5%
      • T•••••• P••••••• M•••• · General Counsel & Chief Compliance Officercontrol
        since 01/2026 · owns less than 5%
      Entity owners
      • A•••• I••••••••• H•••••• · Managing Member Of Investments
        direct · owns 75% or more
      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
      • Accounts · 0 to 4
        Mar 5, 2026 to Apr 1, 2026
      • Advisory employees · 7 to 8
        Mar 5, 2026 to Apr 1, 2026
      • BD registered reps · 1 to 12
        Mar 5, 2026 to Apr 1, 2026
      • Pooled vehicle clients · 0 to 4
        Mar 5, 2026 to Apr 1, 2026
      • Assets in custody · $0 to $108M
        Mar 5, 2026 to Apr 1, 2026
      • Employees · 10 to 50
        Mar 5, 2026 to Apr 1, 2026
      • Insurance-licensed employees · 0 to 3
        Mar 5, 2026 to Apr 1, 2026
      • Private funds · 1 to 4
        Mar 5, 2026 to Apr 1, 2026
      • Discretionary RAUM · $0 to $294M
        Mar 5, 2026 to Apr 1, 2026
      • Pooled vehicle RAUM · $0 to $294M
        Mar 5, 2026 to Apr 1, 2026
      • RAUM · $0 to $294M
        Mar 5, 2026 to Apr 1, 2026
      • Employees · 8 to 10
        Dec 8, 2025 to Mar 5, 2026
      • Advisory employees · 5 to 7
        Apr 22, 2025 to Oct 10, 2025
      • Employees · 6 to 8
        Apr 22, 2025 to Oct 10, 2025
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/ariel-prjct-levelreportedpublic record, Form ADV, Sep 21, 2026
      Website
      projectlevel.comreportedpublic record, Form ADV, Sep 21, 2026
      Principal office phone
      312-726-0140reportedpublic record, Form ADV, Aug 10, 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