SourcingSourcing

APPLIED FUNDAMENTAL RESEARCH, LLC

B53
CRD 167645·SEC 801-121001·CAMBRIDGE, MA
AUM
$142.9M
$100M-$500M
Est. Revenue
$1.4M
@ 1% on AUM
Est. EBITDA
$429K
@ 30% margin
Est. Deal Value
$3.4M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
APPLIED FUNDAMENTAL RESEARCH, LLC
CRD
167645
SEC file #
801-121001
EIN
320310985
DBA names
—

Economics

AUM
$142.9M
AUM band
$100M-$500M
AUM trajectory
'22'26
$135.3M → $142.9M▲ +6%
Client mix
Charitable Organizations3
Corporations3
Pooled Investment Vehicles2
Other Investment Advisers1

Operations

Employees (total)
5
Advisory staff (per ADV)
3
Advisory staff (5-yr trend)
'22'26
2 advisors → 3 advisors▲ +50%
Primary office
CAMBRIDGE MA
Branches
—

Custodian & Brokerage

Primary custodian
Goldman Sachslow confidence
Services offered
Portfolio mgmt — individualsPortfolio mgmt — pooled vehiclesPortfolio mgmt — businesses
Fee basis
% of AUMPerformance-based fees

Filings

Latest ADV filing
04/06/2026
ADV-W filed at
—
Website
appliedfr.com

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
WAGENKNECHT, THEODORE, H.
Top Owner Pct
62.5
Top Owner Entity Kind
I
Owner Count
2
Control Persons
WAGENKNECHT, THEODORE, H.
CURRAN, KEVIN, FRANCIS
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
APPLIEDFR.COM
Rdap Domain Creation Date
2013-01-11T21:09:54Z
Rdap Firm Age Years
13
Rdap Firm Age Band
10-20y
Rdap Registrar
GoDaddy.com, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001495097
Edgar Registered
Yes
Edgar Filing Count
18
Edgar First Filing Date
2010-08-09
Edgar Last Filing Date
2025-08-06
Edgar Form D Count
18
Edgar Form D Offerings
2025-08-062025-08-06 · 0001495097-25-000001
2024-08-082024-08-08 · 0001495097-24-000001
Edgar Former Names
DDJ Value Partners, L.P.

Compliance & brand

Firm Registration Status
active

All other collected signals (17)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
2
Bc Firm IAR Count
2
Custodian Candidates
Full
Goldman Sachs8
E*trade4
Fidelity2
Bny Mellon2
Jpmorgan2
Edgar Addresses
Mailing
C/O APPLIED FUNDAMENTAL RESEARCH, LLC50 CHURCH STREET, 5TH FLOORCAMBRIDGE, MA 02138
Business
C/O APPLIED FUNDAMENTAL RESEARCH, LLC50 CHURCH STREET, 5TH FLOORCAMBRIDGE, MA 02138
Edgar EIN
320310985
Edgar Recent Filings
D2025-08-06 · 0001495097-25-000001
D2024-08-08 · 0001495097-24-000001
Firm Has Custody
Yes
Mailing Office Differs
No
Rdap Domain Expiration Date
2028-01-11T21:09:54Z
Rdap Domain Last Changed
2026-01-12T17:00:58Z
Rdap Nameservers
Ns31.domaincontrol.comNs32.domaincontrol.com
Rdap Secure Dns Enabled
No
Rdap Status
Client Delete ProhibitedClient Renew ProhibitedClient Transfer ProhibitedClient Update Prohibited
Top Owner CRD
5902171
Trust Company Affiliate
No

People (2)

2
WAGENKNECHT, THEODORE, H.
IAR · Direct Owner · 62.5%
5902171
CURRAN, KEVIN, FRANCIS
IAR · Direct Owner · 37.5%
6189097