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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

DRUM HILL CAPITAL, LLC

CRD 123359

WESTPORT, CT

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:1caae6e7-8f43-99cf-4cb1-e7d1c9f5c5cc

Data as of Sep 2, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 4:09 PM UTC and rebuilt at most every 15 minutes.

Relationships: 7
Dated events: 0
On other graphs: 0
Observed: Nov 7, 2011 to Sep 2, 2026
32 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=0.0
Regulatory AUM: $194MItem 5.F on the latest filing (2026-09-02); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $172M
Private client RAUM: $194MderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 4
RAUM per advisor: $48.6Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 3
Advisory employees: 2
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 210
Individual clients: 29
High net worth clients: 43
Custody, client assets: $5.9M
SEC number: 801-66446
CIK: 2054679
CRD: 123359
Filings on the tape: 32
First filed: Nov 7, 2011
Latest filed: Sep 2, 2026
Organised: Limited Liability Company, CT

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
DAVID CLEAVES NIGHTINGALE	n/a	WESTPORT, CT	28	41	n/a	no
ZACHARY ROSS OLSON	n/a	WESTPORT, CT	13	14	n/a	no
RONALD SCOTT WELZ	n/a	WESTPORT, CT	11	24	n/a	no
Frank Tyler Berrios	n/a	NEW ROCHELLE, NY \| New York, NY	0	10	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
NIGHTINGALE, DAVID, CLEAVES	CHIEF INVESTMENT OFFICER AND SENIOR ADVISOR / MEMBER	D	yes	03/2024	Nov 7, 2011	Jul 1, 2024
OLSON, ZACHARY, ROSS	MANAGING PARTNER AND DIRECTOR OF INVESTMENT RESEARCH / MEMBER	C	yes	03/2024	Mar 31, 2021	Jul 1, 2024
WELZ, RONALD, SCOTT	DIRECTOR OF OPERATIONS AND CHIEF COMPLIANCE OFFICER / MEMBER	Na	yes	03/2024	Mar 17, 2022	Jul 1, 2024

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 17, 2026	$194M	$172M	3	2	0	n/a	n/a
2024	Mar 17, 2025	$170M	$149M	3	2	0	n/a	n/a
2023	Mar 22, 2024	$169M	$149M	3	2	0	n/a	n/a
2022	Mar 28, 2023	$157M	$141M	3	2	0	n/a	n/a
2021	Mar 17, 2022	$169M	$151M	3	2	0	n/a	n/a
2020	Mar 31, 2021	$154M	$138M	3	2	0	n/a	n/a
2019	Mar 27, 2020	$144M	$128M	3	2	0	n/a	n/a
2018	Mar 22, 2019	$148M	$121M	3	2	0	n/a	n/a
2017	Mar 20, 2018	$175M	$148M	4	2	1	n/a	n/a
2016	Mar 21, 2017	$159M	$127M	4	3	n/a	n/a	n/a
2015	Mar 24, 2016	$137M	$108M	5	3	n/a	n/a	n/a
2014	Mar 25, 2015	$143M	$108M	6	4	n/a	n/a	n/a
2013	Mar 28, 2014	$134M	$98.8M	3	2	n/a	n/a	n/a
2012	Mar 27, 2013	$115M	$80.3M	2	2	n/a	n/a	n/a
2011	Mar 27, 2012	$113M	$78.3M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$194M	$170M	14.0%	$157M	7.3%	3	3	1	0

Relationships

Registered with (4)

← Frank Tyler BerriosAdvisorregistration: current employment
Aug 31, 2026 to presentfactForm ADV
← RONALD SCOTT WELZAdvisorregistration: current employment
Nov 10, 2014 to presentfactForm ADV
← ZACHARY ROSS OLSONAdvisorregistration: current employment
Nov 30, 2012 to presentfactForm ADV
← DAVID CLEAVES NIGHTINGALEAdvisorregistration: current employment
Aug 20, 1998 to presentfactForm ADV

Controls (3)

← NIGHTINGALE, DAVID, CLEAVESOwnerCHIEF INVESTMENT OFFICER AND SENIOR ADVISOR / MEMBER, ownership code D, individual
Nov 7, 2011 to Jul 1, 2024factForm ADV
← WELZ, RONALD, SCOTTOwnerDIRECTOR OF OPERATIONS AND CHIEF COMPLIANCE OFFICER / MEMBER, ownership code NA, individual
Mar 17, 2022 to Jul 1, 2024factForm ADV
← OLSON, ZACHARY, ROSSOwnerMANAGING PARTNER AND DIRECTOR OF INVESTMENT RESEARCH / MEMBER, ownership code C, individual
Mar 31, 2021 to Jul 1, 2024factForm ADV

Dated events

No dated event names this entity yet.

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:1caae6e7-8f43-99cf-4cb1-e7d1c9f5c5cc
First observed: Nov 7, 2011
Last observed: Sep 2, 2026 17 days ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

DRUM HILL CAPITAL, LLC

CRD 123359

WESTPORT, CT

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:1caae6e7-8f43-99cf-4cb1-e7d1c9f5c5cc

Data as of Sep 2, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 4:09 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

DAVID CLEAVES NIGHTINGALE

n/a

WESTPORT, CT

n/a

ZACHARY ROSS OLSON

n/a

WESTPORT, CT

n/a

RONALD SCOTT WELZ

n/a

WESTPORT, CT

n/a

Frank Tyler Berrios

n/a

NEW ROCHELLE, NY | New York, NY

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

NIGHTINGALE, DAVID, CLEAVES

CHIEF INVESTMENT OFFICER AND SENIOR ADVISOR / MEMBER

yes

03/2024

Nov 7, 2011

Jul 1, 2024

OLSON, ZACHARY, ROSS

MANAGING PARTNER AND DIRECTOR OF INVESTMENT RESEARCH / MEMBER

yes

03/2024

Mar 31, 2021

Jul 1, 2024

WELZ, RONALD, SCOTT

DIRECTOR OF OPERATIONS AND CHIEF COMPLIANCE OFFICER / MEMBER

yes

03/2024

Mar 17, 2022

Jul 1, 2024

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 17, 2026

$194M

$172M

n/a

2024

Mar 17, 2025

$170M

$149M

n/a

2023

Mar 22, 2024

$169M

$149M

n/a

2022

Mar 28, 2023

$157M

$141M

n/a

2021

Mar 17, 2022

$169M

$151M

n/a

2020

Mar 31, 2021

$154M

$138M

n/a

2019

Mar 27, 2020

$144M

$128M

n/a

2018

Mar 22, 2019

$148M

$121M

n/a

2017

Mar 20, 2018

$175M

$148M

n/a

2016

Mar 21, 2017

$159M

$127M

n/a

2015

Mar 24, 2016

$137M

$108M

n/a

2014

Mar 25, 2015

$143M

$108M

n/a

2013

Mar 28, 2014

$134M

$98.8M

n/a

2012

Mar 27, 2013

$115M

$80.3M

n/a

2011

Mar 27, 2012

$113M

$78.3M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$194M

$170M

14.0%

$157M

7.3%