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

C•••••••• G••••• M•••••• I•••

Broker-dealer affiliated wealth managerNew York, New YorkCRD 7059SEC 801-3387websiteIAPD
Latest filing Sep 10, 2026
First filing on the tape Nov 17, 2011 · 195 filings
SEC status approved since Feb 23, 1964
RAUM
$56B
reported, Item 5.F
Discretionary
62%
of RAUM
Private clients
74%
$41B individuals and HNW
Advisors
2,416
registered through the firm on IAPD
RAUM per advisor
$23.2M
derived; firm RAUM over IAPD count
Employees
7,036
4,078 advisory (5.B.1)
Offices
594
beyond the principal office
Private funds
0
reported on Schedule D
History
195 filings and snapshots on the tape
RAUM$56B as of Jun 30, 2026
Mar 30, 2012$21B then
HNW client RAUM$32B as of Jun 30, 2026
Mar 29, 2018$9.8B then
State-registered IARs (5.B.3)2,356 as of Jun 30, 2026
Mar 30, 20120 then
Employees (5.A)7,036 as of Jun 30, 2026
Mar 28, 201311,630 then
Private funds: no history
RAUM +19% over the last fiscal year+17% a year over threeIARs 2,296 to 2,356offices 680 to 594
Practice profile
derived from the filing of Sep 10, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • p••••••• led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$23.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
24derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$937,240derivedRAUM over accounts (5.F.2.f)
Discretionary
62%derivedof RAUM
Institutional
8.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.9derivedItem 5.A over advisors
Advisors per office
4.1derived595 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+2.6%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.1%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, publications, otherreportedItem 5.G
Financial planning clients
2,400reportedItem 5.H
Wrap fee program
$54BreportedItem 5.I
Custody
$44B, 58,913 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
  • is a broker-dealer (6.A.1)
  • 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.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)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$32B57%
  • Individuals$9.5B17%
  • Corporations and businesses$6.7B12%
  • Pooled investment vehicles$3.0B5.3%
  • State and municipal entities$2.8B5.1%
  • Pension and profit-sharing plans$1.5B2.7%
  • Charitable organizations$509M0.9%
Individual clients
34,655reported
HNW clients
23,441reported
Pension plan clients
41reported
Charitable clients
143reported
Accounts
59,757reported
Financial planning clients
2,400reported
Wrap fee programs
$10B sponsored, $0 managedreported
Custody of client assets
$44B for 58,913 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.74 fund_share=0.05 institutional_share=0.09 related_bd=true related_bank=true bd_reps=5004.0derived
Advisors registered through the firm
2,420 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S•••• T••••• C•••••••Novato, Ca Jul 8, 199742 y0
R••• M• H•••••Atlanta, Ga Mar 19, 200326 y0
R••••• E••• M•••••Dallas, Tx Nov 9, 200620 y0
L•••• B•••••• C••••New York, Ny Mar 9, 200728 y1
M•••••• J•••• M•••San Antonio, Tx Apr 5, 200729 y0
J••• M••••• J•••••••Newbury Park, Ca May 29, 200731 y1
P••• W•••••• P•••••Coral Gables, Fl May 29, 200732 y1
D••• I•• N•••••Holbrook, Ny May 29, 200733 y1
K•••• P• C••••••Certified Financial PlannerParamus, Nj May 29, 200735 y1
J•••• E••••• D•••••••••Cortlandt Mnr, Ny May 29, 200732 y1
M••• C•••••• J••••Bronx, Ny May 29, 200737 y1
A•••••••• J••• M••••Chicago, Il May 29, 200738 y1
M•••••• F•••••• G••••••Pelham Manor, Ny May 29, 200732 y1
B••• A••••••• R••••••••New York, Ny May 29, 200734 y1
M•••••• A•••••• G••••••Long Island City, Ny May 29, 200733 y1
R••••• P••• P•••••Brielle, Nj May 29, 200738 y1
G•••••• H•••New York, Ny May 29, 200719 y1
J•• R••••• P•••Certified Financial PlannerIselin, Nj May 29, 200727 y1
J••••• L••••• L••••New York, Ny May 29, 200741 y2
S••••• M••• W•••Forest Hills, Ny May 29, 200734 y1
Y••• B••••••• B••••Fort Lee, Nj May 29, 200735 y1
C••••••••• J•• C•••••Homer Glen, Il May 29, 200736 y1
E•••• V•• E•Carlsbad, Ca May 29, 200727 y2
R•••••• R•• G•••••••Gardena, Ca May 29, 200731 y1
K••••••• Y••••• F•••••Washington, Dc May 29, 200743 y1
E•••••• A•••••••• O••••••••Key Biscayne, Fl May 29, 200733 y2
D•••• S••••••Newbury Park, Ca May 29, 200721 y1
J•••••• D•••• W•••••Chicago, Il May 29, 200735 y1
C•••••• J• M••••••Long Island City, Ny May 29, 200737 y1
S••••• O•••••Los Angeles, Ca May 29, 200724 y1
T••••• F••••••••Iselin, Nj May 29, 200721 y1
K•••• L•••••••New York, Ny May 29, 200726 y1
J••••• P••• P••••••New York, NyMay 29, 200720 y1
W•••• J• L••New York, Ny May 29, 200726 y1
M•••••• P••Fort Lee, Nj May 29, 200726 y1
E••••• R••••••••Miami, FlMay 29, 200722 y1
F••••••• J••• R••••••Aventura, Fl May 29, 200726 y1
P•••• B•••••••Long Island City, Ny May 29, 200725 y1
L•••• M•••••New York, Ny May 29, 200726 y1
C•••••• Y••••Port Washington, Ny May 29, 200729 y1
All 2,420 advisors at C•••••••• G••••• M•••••• I•••
Advisor movement
108 left, 153 joined in 12 months
net +45 in 12 months26 left in 90 days38 joined in 90 daysdeparture rate 4.5% of current headcount580 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B••••••• C••••••••• · Chief Operations Officer/Principal Operations Officer (Finop)control
    since 08/2024 · owns less than 5%
  • C••••••• J••• A• · Directorcontrol
    since 02/2021 · owns less than 5%
  • D••••••• S•••••••• A••••• · Directorcontrol
    since 03/2022 · owns less than 5%
  • K••••• R••••• F•••••• · Co-General Counselcontrol
    since 03/2021 · owns less than 5%
  • M•••••• A••• R••• · Co-General Counselcontrol
    since 04/2013 · owns less than 5%
  • P••••• D••• L••• · Chief Compliance Officer - Investment Advisory Businessescontrol
    since 03/2013 · owns less than 5%
  • R••••••••• C•••• B••••• I•• · Chief Compliance Officercontrol
    since 05/2024 · owns less than 5%
  • V••••••••• V••••••• L••• · Directorcontrol
    since 10/2023 · owns less than 5%
  • V••••••• J••• A••••• · Chief Financial Officer (Interim)control
    since 03/2024 · owns less than 5%
  • V•••••• D••• · Director/Ceo/President/Chairwomancontrol
    since 04/2024 · owns less than 5%
Entity owners
  • C•••••••• F•••••••• P••••••• I••• · 100% Shareholder
    direct · owns 75% or more
  • C•••••••• G••••• M•••••• H••••••• I••• · 100% Shareholder
    indirect · owns 75% or more of Owns 100% Of C•••••••• F•••••••• P••••••• I••• · public reporting company
  • C•••••••• I••• · 100% Shareholder
    indirect · owns 75% or more of C•••••••• G••••• M•••••• H••••••• I••• · public reporting company
Related persons
Schedule D 7.A
  • B••• H••••••• W• W•••••••• S••• •••••••
    broker-dealern
  • C•••• F•••••• C••••
    pooled vehicle sponsorn
  • Icapital Global A•••••••••, LLC
    investment adviserbanknRAUM $24B
  • C••• P•••••• A•••••••• L••
    broker-dealerbanknRAUM $18B
  • C••• R••• E••••• F•••••• I•••
    pooled vehicle sponsorn
  • C••••••••• C••• D• B••••• S••• D• C•••• C••• D• B••••• I••••••••• D•• G•••• F••••••••• C•••••••••
    broker-dealern
  • C••••••• •••••• C••• L••
    n
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    broker-dealerinvestment advisern
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  • C••••••• S•••••• S•••
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  • C••••••• U••••• L••••••
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  • C••••••• Z••••• L••••••
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    broker-dealerinvestment adviserCPO or CTAcustodiann
  • C••••••• C•••••• P••••••••• I••
    investment advisern
  • C••••••• I•••••••• U••• I•••
    real estaten
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    broker-dealern
  • C••••••• S••••••••• S•••••••• I•••
    broker-dealern
  • C••••••• T•••• D•••••••• N••
    investment advisern
  • C••••••• T•••• S•••• D•••••
    investment advisern
  • C•••••••• A••••••••• I••••••••• L••
    investment adviserbanknRAUM $127M
  • C•••••••• C••••••••• M••••••• S••••••••• I•••
    pooled vehicle sponsorn
  • C•••••••• F•••• I••••••••• M••••••••• L••••••
    investment adviserpooled vehicle sponsorn
Advisers that list C•••••••• G••••• M•••••• I••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
New York, Ny · principal936115182
Miami, Fl368645
Los Angeles, Ca1351762
San F••••••••, Ca132262
Jacksonville, Fl1281981
Greenwich, Ct122190
New York City, Ny121241
Chicago, Il8892
Fort Lee, Nj8591
Washington, Dc80170
Brooklyn, Ny80821
San Antonio, Tx79831
Fountain Valley, Ca72101
Long Island City, Ny7143
Ofallon, Mo4840
Beverly Hills, Ca48120
Denver, Co4870
Tampa, Fl4821
Stamf•••, Ct4670
Henderson, Nv43101
Offices
Schedule D 1.F, the 25 largest
  • New York, NY134 employees
  • New York, NY133 employees
  • New York, NY107 employees
  • New York, NY103 employees
  • Miami, FL72 employees
  • San F••••••••, CA70 employees
  • Jacksonville, FL51 employees
  • Beverly Hills, CA42 employees
  • Miami, FL41 employees
  • Chicago, IL40 employees
  • Miami, FL39 employees
  • New York, NY38 employees
  • Stamf•••, CT36 employees
  • Tampa, FL31 employees
  • New York, NY30 employees
  • Los Angeles, CA29 employees
  • Washington, DC28 employees
  • O'Fallon, MO27 employees
  • San Antonio, TX27 employees
  • Miami, FL25 employees
  • Miami, FL24 employees
  • New York, NY24 employees
  • Miami, FL23 employees
  • Boston, MA22 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • large related person netw•••Static outlier · filing Sep 10, 2026
    related persons on Schedule D 7.A of 75.0 against a peer median of 10.5 (42 comparable advisers, 100.0th percentile, 7.9 robust deviations)
    peers: affiliated wealth managers, $20B and over (42) · 100% percentile
What changed
consecutive filings, newest first
  • Financial planning clients · More than 500 to More than 500
    Jun 30, 2026 to Sep 10, 2026
  • Succession · false to unset
    Jun 30, 2026 to Sep 10, 2026
  • Accounts · 56,879 to 59,757
    Jan 9, 2026 to Mar 26, 2026
  • Advisory employees · 4,267 to 4,078
    Jan 9, 2026 to Mar 26, 2026
  • Advisory activities · 8 to 9
    Jan 9, 2026 to Mar 26, 2026
  • BD registered reps · 4,944 to 5,004
    Jan 9, 2026 to Mar 26, 2026
  • Charity clients · 138 to 143
    Jan 9, 2026 to Mar 26, 2026
  • Corporate clients · 1,447 to 1,512
    Jan 9, 2026 to Mar 26, 2026
  • HNW clients · 21,077 to 23,441
    Jan 9, 2026 to Mar 26, 2026
  • Individual clients · 34,219 to 34,655
    Jan 9, 2026 to Mar 26, 2026
  • Pension plan clients · 46 to 41
    Jan 9, 2026 to Mar 26, 2026
  • Pooled vehicle clients · 0 to 26
    Jan 9, 2026 to Mar 26, 2026
  • Assets in custody · $38B to $44B
    Jan 9, 2026 to Mar 26, 2026
  • Employees · 6,903 to 7,036
    Jan 9, 2026 to Mar 26, 2026
  • State-registered IARs · 2,296 to 2,356
    Jan 9, 2026 to Mar 26, 2026
  • Other offices · 680 to 594
    Jan 9, 2026 to Mar 26, 2026
  • Discretionary RAUM · $28B to $35B
    Jan 9, 2026 to Mar 26, 2026
  • HNW RAUM · $27B to $32B
    Jan 9, 2026 to Mar 26, 2026
  • Individual RAUM · $8.8B to $9.5B
    Jan 9, 2026 to Mar 26, 2026
  • Non-discretionary RAUM · $19B to $21B
    Jan 9, 2026 to Mar 26, 2026
  • Pension RAUM · $1.5B to $1.5B
    Jan 9, 2026 to Mar 26, 2026
  • Pooled vehicle RAUM · $0 to $3.0B
    Jan 9, 2026 to Mar 26, 2026
  • RAUM · $47B to $56B
    Jan 9, 2026 to Mar 26, 2026
  • Wrap assets (sponsor) · $9.2B to $10B
    Jan 9, 2026 to Mar 26, 2026
  • Financial planning clients · More than 500 to More than 500
    Jun 30, 2025 to Jul 20, 2025
  • Accounts · 53,880 to 56,879
    Mar 3, 2025 to Apr 16, 2025
  • Advisory employees · 4,880 to 4,267
    Mar 3, 2025 to Apr 16, 2025
  • BD registered reps · 5,484 to 4,944
    Mar 3, 2025 to Apr 16, 2025
  • Corporate clients · 1,382 to 1,447
    Mar 3, 2025 to Apr 16, 2025
  • HNW clients · 18,468 to 21,077
    Mar 3, 2025 to Apr 16, 2025
  • Individual clients · 33,885 to 34,219
    Mar 3, 2025 to Apr 16, 2025
  • Pension plan clients · 53 to 46
    Mar 3, 2025 to Apr 16, 2025
  • Assets in custody · $32B to $38B
    Mar 3, 2025 to Apr 16, 2025
  • Employees · 7,830 to 6,903
    Mar 3, 2025 to Apr 16, 2025
  • State-registered IARs · 2,588 to 2,296
    Mar 3, 2025 to Apr 16, 2025
  • Other offices · 742 to 680
    Mar 3, 2025 to Apr 16, 2025
  • Discretionary RAUM · $23B to $28B
    Mar 3, 2025 to Apr 16, 2025
  • HNW RAUM · $23B to $27B
    Mar 3, 2025 to Apr 16, 2025
  • Individual RAUM · $8.1B to $8.8B
    Mar 3, 2025 to Apr 16, 2025
  • Non-discretionary RAUM · $17B to $19B
    Mar 3, 2025 to Apr 16, 2025
Signals
60 dated events
  • C•••••• J• M•••••• no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • M•••••• O'Hea no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • Eugene K Lam no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • Isbett Martinez no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • C•••••••• Lee Colling no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • Diego Recht no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • Olajide Amoran no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • Alec Cummings no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • Erica Lauren Repetto no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-18 feed)
    Sep 18, 2026 · Advisor registration ended · derived
  • N••• B•••••••• registered as an investment adviser representative at C•••••••• G••••• M•••••• I•••
    Sep 17, 2026 · Advisor registered · fact
  • J••••• K•••••• registered as an investment adviser representative at C•••••••• G••••• M•••••• I•••
    Sep 17, 2026 · Advisor registered · fact
  • Nadezda Del Pozo no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Gasan Abdulaev no longer holds an investment adviser registration (last listed at C•••••••• G••••• M•••••• I••• on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Spiros Panayotis Moisiades registered as an investment adviser representative at C•••••••• G••••• M•••••• I•••
    Sep 15, 2026 · Advisor registered · fact
  • Nagiba Gloriela Saheli Romero added a PR registration at C•••••••• G••••• M•••••• I•••
    Sep 15, 2026 · New state registration · fact
  • Z••• L•••• registered as an investment adviser representative at C•••••••• G••••• M•••••• I•••
    Sep 14, 2026 · Advisor registered · fact
  • T••••• A• R•••••••• registered as an investment adviser representative at C•••••••• G••••• M•••••• I•••
    Sep 14, 2026 · Advisor registered · fact
  • 2 advisors left J••• M••••• S••••••••• L•• (Rancho Palos Verdes, CA) for C•••••••• G••••• M•••••• I••• within 9 days
    Sep 2, 2026 · Team lift-out · derived
  • D•••• S•••• left C•••••••• G••••• M•••••• I••• for A••••• A•• P••••••• S••••••• (registered 2026-08-28)
    Aug 25, 2026 · Advisor changed firm · fact
  • A•••••• M•••••• N•••••• left C•••••••• G••••• M•••••• I••• for J••• M••••• S••••••••• L•• (registered 2026-08-05)
    Aug 14, 2026 · Advisor changed firm · fact
  • R••• M•••••• R••••• left C•••••••• G••••• M•••••• I••• for R••••••••• C•••••• M••••••••• (registered 2026-08-31)
    Aug 14, 2026 · Advisor changed firm · fact
  • B••••••• H•••••• P•••• left C•••••••• G••••• M•••••• I••• for M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (registered 2026-08-19)
    Aug 11, 2026 · Advisor changed firm · fact
  • J•••••••• L••• P••••••• left C•••••••• G••••• M•••••• I••• for W•••• F•••• A••••••• (registered 2026-08-12)
    Aug 11, 2026 · Advisor changed firm · fact
  • H••••• S•••• U•••••• left C•••••••• G••••• M•••••• I••• for M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (registered 2026-08-28)
    Aug 10, 2026 · Advisor changed firm · fact
  • K•••• W• D•••••• left C•••••••• G••••• M•••••• I••• for L•• F•••••••• L•• (registered 2026-07-28)
    Aug 6, 2026 · Advisor changed firm · fact
  • W•••••• J••• G••••• left C•••••••• G••••• M•••••• I••• for L•• F•••••••• L•• (registered 2026-07-29)
    Aug 5, 2026 · Advisor changed firm · fact
  • C•••••••• A•• R•••••••• left C•••••••• G••••• M•••••• I••• for E•••••• A••••••• G••••• L•• (registered 2026-08-20)
    Aug 5, 2026 · Advisor changed firm · fact
  • W••••• F••• left C•••••••• G••••• M•••••• I••• for W•••• F•••• A••••••• (registered 2026-07-29)
    Jul 28, 2026 · Advisor changed firm · fact
  • 2 advisors left C•••••••• G••••• M•••••• I••• (Brooklyn, NY) for W•••• F•••• A••••••• within 14 days
    Jul 28, 2026 · Team lift-out · derived
  • R••• H•••••• left C•••••••• G••••• M•••••• I••• for J••• M••••• S••••••••• L•• (registered 2026-07-22)
    Jul 21, 2026 · Advisor changed firm · fact
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/citireportedpublic record, Form ADV, Sep 19, 2026
Website
citiglobalwealth.com/atworkreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
212-816-6000reportedpublic record, Form ADV, Sep 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
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$23.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

C•••••••• G••••• M•••••• I••• 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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