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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

EMPIRICAL ASSET MANAGEMENT, LLC

CRD 155436

WELLESLEY, MA

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:dc32deb1-b3dc-0fbc-4efd-48ec9aad73be

Data as of Jul 7, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 5:45 AM UTC and rebuilt at most every 15 minutes.

Relationships: 19
Dated events: 4
On other graphs: 0
Observed: Mar 30, 2012 to Jul 7, 2026
52 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=0.89 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $560MItem 5.F on the latest filing (2026-07-07); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $540M
Private client RAUM: $498MderivedItem 5.D individuals plus high net worth individuals
Private client share: 89%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 12
RAUM per advisor: $46.7Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 14
Advisory employees: 10
Offices: 5Schedule D 1.F, beyond the principal office
Accounts: 1,399
Individual clients: 190
High net worth clients: 267
Private funds: 1Schedule D 7.B(1)
Custody, client assets: $39.5M
SEC number: 801-71967
CIK: 1926596
CRD: 155436
Filings on the tape: 52
First filed: Mar 30, 2012
Latest filed: Jul 7, 2026
Organised: Limited Liability Company, DE
Website: empiricalam.com

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
MARK HENRY FISKIO	n/a	WELLESLEY, MA	14	42	2	no
JOHN PATRICK SHREENAN	n/a	WELLESLEY, MA	6	41	1	no
Warren Francis Mulhern	n/a	WELLESLEY, MA	5	45	6	no
GLENN ANDREW CALDICOTT	n/a	WELLESLEY, MA	4	41	1	no
JONATHAN Charles PENTA	n/a	WELLESLEY, MA	4	24	3	no
THOMAS FRANCES ALESSI	n/a	NEEDHAM, MA \| WELLESLEY, MA	4	33	5	no
MARK JOHN GOVONI	n/a	WARNER, NH \| WELLESLEY, MA	2	40	3	no
ANTHONY Gale GRAY	n/a	WELLESLEY, MA \| MINNEAPOLIS, MN	1	13	1	no
PETER JOSEPH MARTIN	n/a	WELLESLEY, MA \| SCITUATE, MA	1	34	n/a	no
Joseph Rozzi	n/a	NEEDHAM, MA \| WELLESLEY, MA	0	12	n/a	no
RICHARD EDWARD OBERUC	n/a	LAKEWOOD RANCH, FL \| WELLESLEY, MA	0	15	2	no
PHILIP GABRIEL NEHRO	Certified Financial Planner	WELLESLEY, MA \| FALMOUTH, MA	0	46	4	no

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
EMPIRICAL LONG SHORT FUND, L.P.	Hedge Fund	$1.3M	Apr 4, 2024	4	Mar 30, 2012	reported	021-164271

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
CALDICOTT, GLENN, ANDREW	CHIEF INVESTMENT OFFICER	Na	yes	11/2021	Mar 28, 2022	Apr 4, 2024
FISKIO, MARK, HENRY	MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER	D	yes	09/2010	Mar 30, 2012	Apr 4, 2024
SEVEN HILLS FOUNDATION	Investor	A	no	08/2011	Mar 28, 2014	Apr 4, 2024
WADSWORTH, ROBERT, MANNING	INVESTOR MEMBER	A	no	03/2016	Jun 21, 2018	Apr 4, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
EMPIRICAL FISCAL PARTNERS, LLC	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Hull	Ma	United States	1	no
Needham	Ma	United States	1	no
n/a	n/a	n/a	1	no

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; showing 15 of 16

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 30, 2026	$560M	$540M	14	10	5	1	n/a
2024	Mar 28, 2025	$467M	$449M	14	11	6	1	n/a
2023	Mar 26, 2024	$329M	$317M	12	7	4	1	$1.3M
2022	Mar 27, 2023	$290M	$288M	11	7	4	1	$576,937
2021	Mar 28, 2022	$205M	$204M	7	5	2	1	$1.3M
2020	Mar 16, 2021	$108M	$105M	4	2	0	1	$2.1M
2019	Mar 26, 2020	$102M	$97.9M	4	2	0	1	$1.7M
2018	Mar 24, 2019	$90.6M	$89.3M	4	3	0	1	$1.7M
2017	Mar 27, 2018	$99.5M	$98.1M	4	3	0	1	$1.7M
2016	Mar 23, 2017	$113M	$87.5M	4	4	n/a	1	$1.7M
2015	Mar 28, 2016	$122M	$96.6M	4	4	n/a	1	$8.1M
2014	Mar 31, 2015	$153M	$127M	4	4	n/a	1	$23.9M
2013	Mar 27, 2014	$112M	$106M	3	3	n/a	1	$14.4M
2012	Mar 12, 2013	$144M	$142M	3	3	n/a	1	$7.6M
2011	Mar 30, 2012	$73.2M	$40.4M	n/a	n/a	n/a	1	$4.9M

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
2	0	2	0.0%	2	0	0	5	1

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	$560M	$467M	19.9%	$290M	24.5%	14	14	5	6

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
VIRTUE CAPITAL MANAGEMENT, LLC	2	Jul 1, 2026	Jul 9, 2026	BRENTWOOD, TN	Team lift out	RIA to RIA	2.2%

Relationships

Registered with (14)

← PHILIP GABRIEL NEHROAdvisorregistration: current employment
Jul 9, 2026 to presentfactForm ADV
← RICHARD EDWARD OBERUCAdvisorregistration: current employment
Jul 1, 2026 to presentfactForm ADV
← Joseph RozziAdvisorregistration: current employment
Nov 19, 2025 to presentfactForm ADV
← PETER JOSEPH MARTINAdvisorregistration: current employment
Mar 24, 2025 to presentfactForm ADV
← ANTHONY Gale GRAYAdvisorregistration: current employment
Feb 3, 2025 to presentfactForm ADV
← MARK JOHN GOVONIAdvisorregistration: current employment
Apr 3, 2024 to presentfactForm ADV
← THOMAS FRANCES ALESSIAdvisorregistration: current employment
Jun 28, 2022 to presentfactForm ADV
← JONATHAN Charles PENTAAdvisorregistration: current employment
Jan 19, 2022 to presentfactForm ADV
← GLENN ANDREW CALDICOTTAdvisorregistration: current employment
Dec 9, 2021 to presentfactForm ADV
← Warren Francis MulhernAdvisorregistration: current employment
May 18, 2021 to presentfactForm ADV
← JOHN PATRICK SHREENANAdvisorregistration: current employment
Jan 15, 2020 to presentfactForm ADV
← MARK HENRY FISKIOAdvisorregistration: current employment
Jun 14, 2012 to presentfactForm ADV
← Vana KoutsomitisAdvisorregistration: previous registration
Nov 1, 2024 to Apr 14, 2025factForm ADV
← WILLIAM HOLLAND DAVISAdvisorregistration: previous registration
Mar 4, 2013 to Apr 3, 2020factForm ADV

Advises (1)

→ EMPIRICAL LONG SHORT FUND, L.P.Private fundHedge Fund, IA
Mar 30, 2012 to presentfactForm ADV

Controls (2)

← FISKIO, MARK, HENRYOwnerMANAGING MEMBER AND CHIEF COMPLIANCE OFFICER, ownership code D, individual
Mar 30, 2012 to Apr 4, 2024factForm ADV
← CALDICOTT, GLENN, ANDREWOwnerCHIEF INVESTMENT OFFICER, ownership code NA, individual
Mar 28, 2022 to Apr 4, 2024factForm ADV

Owns (2)

← WADSWORTH, ROBERT, MANNINGOwnerINVESTOR MEMBER, ownership code A, individual
Jun 21, 2018 to Apr 4, 2024factForm ADV
← SEVEN HILLS FOUNDATIONOwnerINVESTOR, ownership code A, domestic entity
Mar 28, 2014 to Apr 4, 2024factForm ADV

Dated events

Occurred
Jul 1, 2026
Team lift-out
2 advisors left Virtue Capital Management, LLC (Brentwood, TN) for Empirical Asset Management, LLC on the same day
Form ADVobserved 2 days ago
2 advisors
Occurred
Apr 14, 2025
Advisor changed firm
Vana Koutsomitis left Empirical Asset Management, Llc for Raymond James & Associates, Inc. (registered 2025-03-26)
Form ADVobserved 4 days ago
Occurred
Mar 28, 2025
Regulatory AUM changed
Empirical Asset Management, Llc reported RAUM $467.0M, up 42% from $328.7M (2025-01-29 to 2025-03-28)
Form ADVobserved 4 days ago
$138M
Occurred
Mar 28, 2022
Control person joined
Andrew Glenn Caldicott (Chief Investment Officer) appeared on Schedule A of Empirical Asset Management, Llc
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:dc32deb1-b3dc-0fbc-4efd-48ec9aad73be
First observed: Mar 30, 2012
Last observed: Jul 7, 2026 2 months 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.

EMPIRICAL ASSET MANAGEMENT, LLC

CRD 155436

WELLESLEY, MA

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:dc32deb1-b3dc-0fbc-4efd-48ec9aad73be

Data as of Jul 7, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 5:45 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MARK HENRY FISKIO

n/a

WELLESLEY, MA

JOHN PATRICK SHREENAN

n/a

WELLESLEY, MA

Warren Francis Mulhern

n/a

WELLESLEY, MA

GLENN ANDREW CALDICOTT

n/a

WELLESLEY, MA

JONATHAN Charles PENTA

n/a

WELLESLEY, MA

THOMAS FRANCES ALESSI

n/a

NEEDHAM, MA | WELLESLEY, MA

MARK JOHN GOVONI

n/a

WARNER, NH | WELLESLEY, MA

ANTHONY Gale GRAY

n/a

WELLESLEY, MA | MINNEAPOLIS, MN

PETER JOSEPH MARTIN

n/a

WELLESLEY, MA | SCITUATE, MA

n/a

Joseph Rozzi

n/a

NEEDHAM, MA | WELLESLEY, MA

n/a

RICHARD EDWARD OBERUC

n/a

LAKEWOOD RANCH, FL | WELLESLEY, MA

PHILIP GABRIEL NEHRO

Certified Financial Planner

WELLESLEY, MA | FALMOUTH, MA

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

EMPIRICAL LONG SHORT FUND, L.P.

Hedge Fund

$1.3M

Apr 4, 2024

Mar 30, 2012

reported

021-164271

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

CALDICOTT, GLENN, ANDREW

CHIEF INVESTMENT OFFICER

yes

11/2021

Mar 28, 2022

Apr 4, 2024

FISKIO, MARK, HENRY

MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER

yes

09/2010

Mar 30, 2012

Apr 4, 2024

SEVEN HILLS FOUNDATION

Investor

08/2011

Mar 28, 2014

Apr 4, 2024

WADSWORTH, ROBERT, MANNING

INVESTOR MEMBER

03/2016

Jun 21, 2018

Apr 4, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

EMPIRICAL FISCAL PARTNERS, LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

Hull

United States

Needham

United States

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 30, 2026

$560M

$540M

n/a

2024

Mar 28, 2025

$467M

$449M

n/a

2023

Mar 26, 2024

$329M

$317M

$1.3M

2022

Mar 27, 2023

$290M

$288M

$576,937

2021

Mar 28, 2022

$205M

$204M

$1.3M

2020

Mar 16, 2021

$108M

$105M

$2.1M

2019

Mar 26, 2020

$102M

$97.9M

$1.7M

2018

Mar 24, 2019

$90.6M

$89.3M

$1.7M

2017

Mar 27, 2018

$99.5M

$98.1M

$1.7M

2016

Mar 23, 2017

$113M

$87.5M

n/a

$1.7M

2015

Mar 28, 2016

$122M

$96.6M

n/a

$8.1M

2014

Mar 31, 2015

$153M

$127M

n/a

$23.9M

2013

Mar 27, 2014

$112M

$106M

n/a

$14.4M

2012

Mar 12, 2013

$144M

$142M

n/a

$7.6M

2011

Mar 30, 2012

$73.2M

$40.4M

n/a

$4.9M

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

$560M

$467M

19.9%

$290M

24.5%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

VIRTUE CAPITAL MANAGEMENT, LLC

Jul 1, 2026

Jul 9, 2026

BRENTWOOD, TN

Team lift out

RIA to RIA

2.2%