Data Methodology
Where our data comes from, how the Alts-readiness score is built, and how to read the estimates.
Directory data on this website as of July 6, 2026.
Open-source intelligence (OSINT)
Wealthmetrica's profiles are built using open-source intelligence — the practice of collecting, cross-referencing, and structuring information that is already publicly available. We do not rely on any single provider. Instead, each profile is assembled from a range of open sources and reconciled so that the picture we present is consistent and, wherever possible, corroborated by more than one source.
The sources we use
| Source | What we use it for | How often it changes |
|---|---|---|
| SEC Form ADV, Part 1 | Firm profile: registration, assets under management, accounts, client types, fees, custodians, private funds | When a firm files an amendment (at least once a year) |
| Form ADV Part 2 brochures | The firm's own description of how it invests and which platforms and products it uses — the text behind the Alts-readiness signals | When a firm files a new brochure (at least once a year) |
| SEC Form 13F | Quarterly holdings of listed securities, for managers large enough to file | Quarterly, up to 45 days after quarter end |
| SEC / FINRA registration records | Registered representatives and their current firm | As registrations change |
| Company websites, disclosures and reputable press | Family offices and other private entities; context on firms and their people | Varies by source |
| Professional profiles and commercial B2B data providers | Contact roles and contact details, which are verified before they are shown in the product | Refreshed periodically |
Because these are open sources, the exact combination varies by entity, and we cite them collectively rather than naming a single source on every page.
How the Alts-readiness score works
The Alts-readiness score (0–100) estimates how likely an SEC-registered advisory firm is to allocate client money to third-party alternatives funds. It is built only from what firms disclose themselves — their Form ADV filings and brochures — plus the roles on their verified team. It combines five signals:
- Client mix · Form ADV (Item 5.D)
The share of assets managed for individuals and high-net-worth clients — the clients alternatives funds sold through advisers are built for. - Uses outside managers · Form ADV (advisory services)
Whether the firm selects other advisers or managers for clients, i.e. already allocates to third-party products. - Alternatives platforms · ADV Part 2 brochure
The brochure names an alternatives distribution platform such as iCapital, CAIS or Altigo — a route for putting client money into third-party funds. - Interval and tender-offer funds · ADV Part 2 brochure
The brochure mentions interval or tender-offer funds, the usual wrapper for alternatives sold to wealth clients. - Team · Verified contacts
The firm has a verified contact in an alternatives, research/due-diligence or investment-leadership role.
Scores fall into three bands: High (60 and above), Medium (30–59) and Low (1–29). A score of 0 means none of the signals were found.
Who is not scored. The score is for firms that could buy a third-party fund, so it leaves out firms without the filing data it reads or outside that role: state-registered advisers, firms under $100 million in assets, firms that run their own private funds or hold 10% or more of their assets in pooled vehicles (fund managers rather than buyers), and family offices. A firm without a score has not been rated low — it is simply outside the model.
A missing brochure mention or team contact means the signal was not found in the data, not that the firm lacks it. Scores are signals for prioritising research, not a rating or a recommendation.
Registered firms vs. private entities
For SEC-registered investment advisers, headline figures such as assets under management and account counts are drawn from regulatory filings (Form ADV). Private entities — most notably single family offices — file no such public disclosures. For those, any assets-under- management figure is a third-party estimate compiled from public sources, clearly labelled as an estimate, and provided for informational purposes only.
The written summaries on family-office profiles are drafted with the help of AI tools from the public sources we collected for that office, and checked against them.
Contacts
People at registered firms come from public SEC and FINRA registration records; people who leave a firm are removed when they drop out of those records. Job roles and contact details are added from professional profiles and commercial B2B data providers, and only verified contacts are shown by default in the product. On public pages, such as family-office profiles, we show at most the number of contacts and their job titles — never names, emails or phone numbers.
Accuracy, updates & corrections
Public information changes over time, and estimates are inherently approximate. We update profiles as sources are refreshed; the Wealthmetrica app is updated separately and can hold more recent data than these public pages, which are as of July 6, 2026. Nothing here is investment, legal, or financial advice, and figures should not be relied upon as definitive. If you represent an organization profiled here and would like to request a correction, please contact us.