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

F••••••• S••••••••• I•••

Independent wealth managerNew York, New YorkCRD 104233SEC 801-67767websiteIAPD
Latest filing Jul 28, 2026
First filing on the tape Mar 16, 2012 · 63 filings
SEC status approved since May 10, 2007
RAUM
$784M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
82%
$645M individuals and HNW
Advisors
29
registered through the firm on IAPD
RAUM per advisor
$27.0M
derived; firm RAUM over IAPD count
Employees
37
37 advisory (5.B.1)
Offices
12
beyond the principal office
Private funds
0
reported on Schedule D
History
63 filings and snapshots on the tape
RAUM$784M as of Jul 28, 2026
Mar 16, 2012$216M then
HNW client RAUM$410M as of Jul 28, 2026
Mar 29, 2018$181M then
State-registered IARs (5.B.3)28 as of Jul 28, 2026
Mar 8, 201324 then
Employees (5.A)37 as of Jul 28, 2026
Mar 8, 201333 then
Private funds: no history
RAUM -32% over the last fiscal year-5.9% a year over threeIARs 36 to 28offices 17 to 12
Practice profile
derived from the filing of Jul 28, 2026; every figure names its basis
Archetypes, each a printed rule
  • b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • 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
  • 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
RAUM per advisor
$28.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
36derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.2MderivedHNW RAUM over HNW clients
Average account
$698,407derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
8.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
2.2derived13 offices incl. principal (1.F.5)
RAUM growth, one year
-32%derivedbetween the last two annual amendments
Advisor growth, one year
-22%derivedItem 5.B.3 between annual amendments
Client growth, one year
-29%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$410M52%
  • Individuals$235M30%
  • Corporations and businesses$70.9M9.0%
  • Pension and profit-sharing plans$38.0M4.8%
  • Charitable organizations$29.9M3.8%
  • Insurance companies$785,8050.1%
Individual clients
666reported
HNW clients
338reported
Pension plan clients
68reported
Charitable clients
13reported
Accounts
1,123reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.82 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=35.0derived
Advisors registered through the firm
28 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S•••• N••••••New York, NyOct 13, 200340 y0
J•••• J••••• R••••New Y•••, Ny Oct 21, 200336 y0
B•••• J••••• M••••••New York, NyMar 19, 200724 y1
A•••••• C••••• F••••••••New York, NyOct 20, 200831 y0
W•••••• G•••• P•••••New York, Ny Jan 4, 201032 y0
A•••••••• J•••• Z•••New York, Ny Oct 22, 202110 y1
N••••• K•••• D••••••White Plains, NyJan 7, 202524 y0
A•••••••• L•••Brooklyn, Ny Jan 7, 202532 y2
D••••• C•••••••Brooklyn, NyJan 7, 202514 y0
P•••• B••••New Y•••, Ny Jan 7, 202510 y4
M•••••• H•••••New Y•••, Ny Jan 7, 202512 y0
S•••• M•••••• W•••••••Greenwich, Ct Jan 7, 202536 y0
S•••••• C••• F••••••••New York, Ny Jan 7, 202532 y2
B•••• D•••• S•••••••Melville, Ny Jan 7, 202526 y1
D•••••• P• G•••••••Certified Financial PlannerNew Y•••, Ny Jan 7, 202514 y6
A••••• M• S••••Palo Alto, Ca Jan 7, 202513 y1
R••••• J••• V•••••••••New York, NyJan 7, 202536 y0
P••••• V•••••• P••••Great Neck, Ny Jan 7, 202535 y0
M•••••• E••••• S•••••••Great Neck, NyJan 7, 202530 y1
M•••• I••• E•••••••••Beverly Hills, CaJan 8, 202511 y1
M••• A••••• P••••••Walnut Creek, Ca Mar 20, 202534 y3
C•••• D••••New Y•••, Ny Sep 18, 202510 y2
R•••••• A•••••• P•••••••New York, Ny Jan 7, 202634 y1
R•••• Y••••••New York, NyJan 9, 202625 y5
E•••• K••••••• O•••••••New York, NyJun 25, 202622 y0
E••• A••••New York, NyJul 2, 202610 y1
J••••• A• R•••••••Beverly Hills, CaJul 29, 202610 y1
J•••••• A•••••• L••••••Newport Beach, Ca Aug 17, 202612 y2
Advisor movement
7 left, 5 joined in 12 months
net -2 in 12 months2 left in 90 days3 joined in 90 daysdeparture rate 24% of current headcount15 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•••••••• J•••• A••• · President Of P•••••• B•••, Directorcontrol
    since 09/2024 · owns less than 5%
  • F•••• A••• B•••• · Head Of Specialized Industries And Capital M••••••, Directorcontrol
    since 09/2024 · owns 10% to 25%
  • G•••••••• D•••••• P• · Chief Compliance Officer, Directorcontrol
    since 09/2023 · owns less than 5%
  • M••••••• W•••••• J••• J• · Ceo, President, Directorcontrol
    since 03/2007 · owns less than 5%
  • R•••••••• R•••••• A•••••••• · President Of Commercial And P•••••• B•••Ing, Directorcontrol
    since 09/2024 · owns less than 5%
  • R••••••• J••••••• H•••• · Finop/Chief Financial Officer, Directorcontrol
    since 01/2013 · owns less than 5%
  • S••••• S••• W•••••• · Senior Deputy General Counsel, Directorcontrol
    since 09/2024 · owns less than 5%
  • M••••••• B•••• J••••• · Compliance Registered Options P•••••••• And Compliance Officer
    since 01/2009 · owns less than 5%
  • P••••• P••••• V•••••• · Osj P••••••••, Municipal S••••••••• P••••••••, Senior Registered Options P••••••••
    since 11/2000 · owns less than 5%
Entity owners
  • F••••••• B•••• N••• · Shareholder
    direct · owns 75% or more
  • N•• Y••• C•••••••• B••••••• I••• · Shareholder
    indirect · owns 75% or more of F••••••• B•••• N••• · public reporting company
Related persons
Schedule D 7.A
  • D•••••• I•••••••• A•••••• I•••
    real estaten
  • F••••••• B••• N•••
    y
  • G•••• L••• I•••••••• A•••••• I••
    real estaten
  • N•• Y••• C•••••••• B•••
    y
  • N••• I•••••••• A•••••• I•••
    real estaten
Advisers that list F••••••• S••••••••• I••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
New Y•••, Ny · principal21541
Beverly Hills, Ca311
Brooklyn, Ny301
Newport Beach, Ca210
Great Neck, Ny200
White Plains, Ny200
Palo Alto, Ca100
West Palm Beach, Fl001
Hoboken, Nj000
Jackson Heights, Ny000
Offices
Schedule D 1.F, the 25 largest
  • Beverly Hills, CA4 employees
  • Brooklyn, NY3 employees
  • New Rochelle, NY2 employees
  • Jackson Heights, NY2 employees
  • New Y•••, NY1 employees
  • Garden City, NY1 employees
  • Greenwich, CT1 employees
  • New Y•••, NY1 employees
  • Woodland Hills, CA1 employees
  • Melville, NY1 employees
  • Newport Beach, CA1 employees
  • New Y•••, NY1 employees
  • Sarasota, FL1 employees
  • Brooklyn, NY1 employees
  • Great Neck, NY1 employees
  • , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • RAUM down 25 %Change between filings · filing Mar 27, 2026
    RAUM (Item 5.F) moved from $1,155,077,972 to $784,311,024 (-32.0%) between the annual amendments of 2025-04-08 and 2026-03-27; the peer median change was +16.0% (1385 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $500M to $1B (1,385) · 0.4% percentile
What changed
consecutive filings, newest first
  • Business name · F••••••• A•••••••• I••• to F••••••• S••••••••• I•••
    Mar 27, 2026 to Jul 28, 2026
  • Legal name · F••••••• A•••••••• I••• to F••••••• S••••••••• I•••
    Mar 27, 2026 to Jul 28, 2026
  • Accounts · 1,571 to 1,123
    Nov 14, 2025 to Mar 27, 2026
  • Advisory employees · 47 to 37
    Nov 14, 2025 to Mar 27, 2026
  • Advisory activities · 4 to 5
    Nov 14, 2025 to Mar 27, 2026
  • BD registered reps · 46 to 35
    Nov 14, 2025 to Mar 27, 2026
  • Charity clients · 16 to 13
    Nov 14, 2025 to Mar 27, 2026
  • Corporate clients · 42 to 37
    Nov 14, 2025 to Mar 27, 2026
  • HNW clients · 543 to 338
    Nov 14, 2025 to Mar 27, 2026
  • Individual clients · 875 to 666
    Nov 14, 2025 to Mar 27, 2026
  • Pension plan clients · 94 to 68
    Nov 14, 2025 to Mar 27, 2026
  • Employees · 47 to 37
    Nov 14, 2025 to Mar 27, 2026
  • State-registered IARs · 36 to 28
    Nov 14, 2025 to Mar 27, 2026
  • Other offices · 17 to 12
    Nov 14, 2025 to Mar 27, 2026
  • Discretionary RAUM · $1.2B to $784M
    Nov 14, 2025 to Mar 27, 2026
  • HNW RAUM · $751M to $410M
    Nov 14, 2025 to Mar 27, 2026
  • Individual RAUM · $240M to $235M
    Nov 14, 2025 to Mar 27, 2026
  • Pension RAUM · $52.4M to $38.0M
    Nov 14, 2025 to Mar 27, 2026
  • RAUM · $1.2B to $784M
    Nov 14, 2025 to Mar 27, 2026
  • Financial planning clients · 0 to 0
    Jul 18, 2025 to Nov 14, 2025
  • Accounts · 1,588 to 1,571
    Jan 6, 2025 to Feb 28, 2025
  • Advisory employees · 49 to 47
    Jan 6, 2025 to Feb 28, 2025
  • BD registered reps · 45 to 46
    Jan 6, 2025 to Feb 28, 2025
  • Charity clients · 15 to 16
    Jan 6, 2025 to Feb 28, 2025
  • Corporate clients · 39 to 42
    Jan 6, 2025 to Feb 28, 2025
  • HNW clients · 347 to 543
    Jan 6, 2025 to Feb 28, 2025
  • Individual clients · 1,135 to 875
    Jan 6, 2025 to Feb 28, 2025
  • Pension plan clients · 52 to 94
    Jan 6, 2025 to Feb 28, 2025
  • Employees · 49 to 47
    Jan 6, 2025 to Feb 28, 2025
  • Other offices · 16 to 17
    Jan 6, 2025 to Feb 28, 2025
  • Discretionary RAUM · $967M to $1.2B
    Jan 6, 2025 to Feb 28, 2025
  • HNW RAUM · $496M to $751M
    Jan 6, 2025 to Feb 28, 2025
  • Individual RAUM · $349M to $240M
    Jan 6, 2025 to Feb 28, 2025
  • Pension RAUM · $37.0M to $52.4M
    Jan 6, 2025 to Feb 28, 2025
  • RAUM · $967M to $1.2B
    Jan 6, 2025 to Feb 28, 2025
  • Accounts · 2,026 to 1,588
    Mar 1, 2024 to Mar 28, 2024
  • Advisory employees · 46 to 49
    Mar 1, 2024 to Mar 28, 2024
  • BD registered reps · 44 to 45
    Mar 1, 2024 to Mar 28, 2024
  • Charity clients · 5 to 15
    Mar 1, 2024 to Mar 28, 2024
  • Corporate clients · 47 to 39
    Mar 1, 2024 to Mar 28, 2024
Signals
46 dated events
  • K•••• V••••••••• left F••••••• S••••••••• I••• for N•• E••• W••••• (registered 2026-09-08)
    Sep 15, 2026 · a•••••• firm change · fact
  • M•••• T• L•• left F••••••• S••••••••• I••• for E•••••••• A•••••••• L•• (registered 2026-07-03)
    Jun 30, 2026 · a•••••• firm change · fact
  • F••••••• S••••••••• I••• reported 12 offices beyond its principal office, down from 17 (2025-11-14 to 2026-03-27)
    Mar 27, 2026 · Office count change · derived
  • F••••••• S••••••••• I••• reported RAUM $784.3M, down 32% from $1.2B (2025-11-14 to 2026-03-27)
    Mar 27, 2026 · RAUM change · derived
  • K••••••••• S•••••• P••••• left F••••••• S••••••••• I••• for R•• S••••••••• I••• (registered 2026-03-04)
    Mar 4, 2026 · a•••••• firm change · fact
  • K•••• S••••• left F••••••• S••••••••• I••• for M••••• S•••••• (registered 2026-02-02)
    Feb 3, 2026 · a•••••• firm change · fact
  • P••• A•••••• P••••••• left F••••••• S••••••••• I••• for A••••••••• F•••••••• S•••••••• L•• (registered 2025-12-05)
    Dec 10, 2025 · a•••••• firm change · fact
  • G•••••• P• C•••••• left F••••••• S••••••••• I••• for C••••••• S••••••••• I••• (registered 2025-12-02)
    Dec 4, 2025 · a•••••• firm change · fact
  • A•••••• F•••• left F••••••• S••••••••• I••• for C••••••• S••••••••• I••• (registered 2025-12-02)
    Dec 4, 2025 · a•••••• firm change · fact
  • J•• D•••• S•••• left F••••••• S••••••••• I••• for A••••••••• F•••••••• S•••••••• L•• (registered 2025-07-14)
    Jul 15, 2025 · a•••••• firm change · fact
  • J••••••• M•••••• L•••••• left F••••••• S••••••••• I••• for C••••••• S••••••••• I••• (registered 2025-06-24)
    Jun 26, 2025 · a•••••• firm change · fact
  • V••••••• I••••••• left F••••••• S••••••••• I••• for C••••••• S••••••••• I••• (registered 2025-06-24)
    Jun 26, 2025 · a•••••• firm change · fact
  • D••••• J••• M••••• left F••••••• S••••••••• I••• for C••••••• S••••••••• I••• (registered 2025-06-24)
    Jun 26, 2025 · a•••••• firm change · fact
  • K••••••• R••••• left F••••••• S••••••••• I••• for C••••••• S••••••••• I••• (registered 2025-06-24)
    Jun 26, 2025 · a•••••• firm change · fact
  • A••• L• W•••••• left F••••••• S••••••••• I••• for C••••••• S••••••••• I••• (registered 2025-06-24)
    Jun 26, 2025 · a•••••• firm change · fact
  • 4 advisors left F••••••• S••••••••• I••• (New York, NY) for C••••••• S••••••••• I••• on the same day
    Jun 26, 2025 · Team lift-out · derived
  • C••••••••• M••••••••• left F••••••• S••••••••• I••• for J••• M••••• S••••••••• L•• (registered 2025-03-19)
    Mar 6, 2025 · a•••••• firm change · fact
  • Jason Alan Birnbaum (President Of Private Bank, Director) appeared on Schedule A of F••••••• S••••••••• I•••
    Sep 26, 2024 · Control person joined · fact
  • Seth William Stern (Senior Deputy General Counsel, Director) appeared on Schedule A of F••••••• S••••••••• I•••
    Sep 26, 2024 · Control person joined · fact
  • Adam Brian Feit (Head Of Specialized Industries And Capital Markets, Director) appeared on Schedule A of F••••••• S••••••••• I•••
    Sep 26, 2024 · Control person joined · fact
  • Richard A•••••••• Raffetto (President Of Commercial And Private Banking, Director) appeared on Schedule A of F••••••• S••••••••• I•••
    Sep 26, 2024 · Control person joined · fact
  • Ross Nmn Marrazzo (Director) no longer on Schedule A of F••••••• S••••••••• I••• (listed 2024-08-09, absent 2024-09-26)
    Sep 26, 2024 · Control person left · inference
  • Daniela Demaria (Head Of Wealth Management) no longer on Schedule A of F••••••• S••••••••• I••• (listed 2024-08-09, absent 2024-09-26)
    Sep 26, 2024 · Control person left · inference
  • Andrew Lyle Kaplan (Director) no longer on Schedule A of F••••••• S••••••••• I••• (listed 2024-07-22, absent 2024-08-09)
    Aug 9, 2024 · Control person left · inference
  • Daniela Demaria (Head Of Wealth Management) appeared on Schedule A of F••••••• S••••••••• I•••
    Jul 22, 2024 · Control person joined · fact
  • I••• P•••••• O••••••• (Chief Operating Officer, Director) no longer on Schedule A of F••••••• S••••••••• I••• (listed 2024-04-10, absent 2024-07-22)
    Jul 22, 2024 · Control person left · inference
  • I••• P•••••• O••••••• left F••••••• S••••••••• I••• for R•• S••••••••• I••• (registered 2024-09-16)
    Jul 19, 2024 · a•••••• firm change · fact
  • E••• Raymond Howell (Director) no longer on Schedule A of F••••••• S••••••••• I••• (listed 2023-11-02, absent 2023-12-12)
    Dec 12, 2023 · Control person left · inference
  • D•••••• P• G••••••• (Chief Compliance Officer) appeared on Schedule A of F••••••• S••••••••• I•••
    Nov 2, 2023 · Control person joined · fact
  • E••• B•••••• left F••••••• S••••••••• I••• for C•••••••• G••••• M•••••• I••• (registered 2023-09-01)
    Aug 29, 2023 · a•••••• firm change · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
busi•••s phone
866-744-5463reportedpublished by the firm, firm site, Sep 15, 2026
busi•••s phone
888-248-6423reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/flagstaradvisorsreportedpublic record, Form ADV, Sep 19, 2026
Website
f•••••••.comreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
646-822-1475reportedpublic record, Form ADV, Jul 28, 2026
Contact form
f•••••••.comreportedpublished by the firm, firm site, Sep 15, 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$27.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026