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

M•••••••• • C•••••• I•••

Independent wealth managerBoston, MassachusettsCRD 104549SEC 801-21247websiteIAPD
Latest filing May 4, 2026
First filing on the tape Dec 21, 2011 · 26 filings
SEC status approved since May 4, 1984
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
86%
$1.1B individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$176M
derived; firm RAUM over IAPD count
Employees
16
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$1.2B as of May 4, 2026
Mar 29, 2012$448M then
HNW client RAUM$1.0B as of May 4, 2026
Mar 29, 2018$558M then
State-registered IARs (5.B.3)7 as of May 4, 2026
Mar 29, 20120 then
Employees (5.A)16 as of May 4, 2026
Mar 28, 201314 then
Private funds1 as of Mar 24, 2015
Mar 29, 20121 then
RAUM +6.5% over the last fiscal year+11% a year over threeIARs 6 to 7
Practice profile
derived from the filing of May 4, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$176MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
49derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.3MderivedHNW RAUM over HNW clients
Average account
$2.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+6.5%derivedbetween the last two annual amendments
Advisor growth, one year
+17%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.9%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Custody
$1.2B, 367 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.0B82%
  • Charitable organizations$93.9M7.6%
  • Pension and profit-sharing plans$74.1M6.0%
  • Individuals$50.9M4.1%
Individual clients
108reported
HNW clients
238reported
Pension plan clients
5reported
Charitable clients
17reported
Accounts
613reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$1.2B for 367 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.86 fund_share=0.0 institutional_share=0.14 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A•••• K••••• W••••Certified Financial PlannerB•••••, MaJan 1, 199636 y1
J••• K• S••••••Chartered Financial AnalystB•••••, MaJan 1, 200333 y0
M•••• M••••••••Chartered Financial AnalystB•••••, MaJun 26, 200323 y0
R••••• G•• B••••Chartered Financial AnalystB•••••, MaSep 26, 201611 y0
G•••••••• A•••••••B•••••, MaMay 11, 202129 y0
B•••• L•••• H•••••••Chartered Financial AnalystB•••••, MaSep 16, 202114 y2
B••••••• P••••B•••••, MaJul 30, 202613 y3
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
D••••••• L••no longer reportedOther Private Fund$2.8M4Mar 29, 2012
Owners and control persons
Schedule A and B, latest filing
  • B••••• R•••••• G•• · Managing Directorcontrol
    since 07/2021 · owns less than 5%
  • M••••••••• M•••• · Managing Directorcontrol
    since 06/2006 · owns less than 5%
  • S••••••• J•••• K• · Chief Executive Directorcontrol
    since 07/2016 · owns 5% to 10%
  • W••••• A••••• K••••• · Board Chairman; Managing Directorcontrol
    since 07/2016 · owns 5% to 10%
  • M••••••••• M•••• · Trusteecontrol
    since 04/2016 · owns F of M•••••••• • C•••••• E••••••• S•••• O•••••••• Plan
  • S••••••• J••• J•••• K• · Trusteecontrol
    since 03/2004 · owns F of M•••••••• • C•••••• E••••••• S•••• Ownersip Trust
  • W••••• A••••• K••••• · Trusteecontrol
    since 03/2004 · owns F of M•••••••• • C•••••• E••••••• S•••• O•••••••• T••••
  • M•••••• C••••••••• P•••• · Chief Compliance Officer
    since 04/2025 · owns less than 5%
Entity owners
  • M•••••••• • C•••••• E••••••• · Trust
    direct · owns 75% or more
  • M•••••••• • C•••••• E••••••• S•••• O•••••••• T•••• · Trust
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • M•••••••• F•••••••• S•••••••• L••
    y
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
B•••••, Ma · principal710
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing May 4, 2026
    W••••• A••••• K••••• (TRUSTEE) left Schedule A between the filings of 2022-08-19 and 2026-05-04
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 602 to 613
    Mar 28, 2025 to Mar 27, 2026
  • HNW clients · 232 to 238
    Mar 28, 2025 to Mar 27, 2026
  • Individual clients · 117 to 108
    Mar 28, 2025 to Mar 27, 2026
  • Assets in custody · $1.2B to $1.2B
    Mar 28, 2025 to Mar 27, 2026
  • Employees · 15 to 16
    Mar 28, 2025 to Mar 27, 2026
  • State-registered IARs · 6 to 7
    Mar 28, 2025 to Mar 27, 2026
  • Discretionary RAUM · $1.2B to $1.2B
    Mar 28, 2025 to Mar 27, 2026
  • HNW RAUM · $947M to $1.0B
    Mar 28, 2025 to Mar 27, 2026
  • Individual RAUM · $49.7M to $50.9M
    Mar 28, 2025 to Mar 27, 2026
  • Pension RAUM · $71.4M to $74.1M
    Mar 28, 2025 to Mar 27, 2026
  • RAUM · $1.2B to $1.2B
    Mar 28, 2025 to Mar 27, 2026
  • Accounts · 572 to 602
    Mar 22, 2024 to Mar 28, 2025
  • Charity clients · 18 to 17
    Mar 22, 2024 to Mar 28, 2025
  • HNW clients · 214 to 232
    Mar 22, 2024 to Mar 28, 2025
  • Individual clients · 116 to 117
    Mar 22, 2024 to Mar 28, 2025
  • Pension plan clients · 4 to 5
    Mar 22, 2024 to Mar 28, 2025
  • Assets in custody · $1.0B to $1.2B
    Mar 22, 2024 to Mar 28, 2025
  • Employees · 14 to 15
    Mar 22, 2024 to Mar 28, 2025
  • Financial planning clients · unset to
    Mar 22, 2024 to Mar 28, 2025
  • Discretionary RAUM · $1.0B to $1.2B
    Mar 22, 2024 to Mar 28, 2025
  • HNW RAUM · $818M to $947M
    Mar 22, 2024 to Mar 28, 2025
  • Individual RAUM · $44.1M to $49.7M
    Mar 22, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $8,186 to $0
    Mar 22, 2024 to Mar 28, 2025
  • Pension RAUM · $67.2M to $71.4M
    Mar 22, 2024 to Mar 28, 2025
  • RAUM · $1.0B to $1.2B
    Mar 22, 2024 to Mar 28, 2025
  • Accounts · 557 to 572
    Jan 31, 2024 to Mar 22, 2024
  • HNW clients · 210 to 214
    Jan 31, 2024 to Mar 22, 2024
  • Individual clients · 120 to 116
    Jan 31, 2024 to Mar 22, 2024
  • Assets in custody · $893M to $1.0B
    Jan 31, 2024 to Mar 22, 2024
  • Discretionary RAUM · $893M to $1.0B
    Jan 31, 2024 to Mar 22, 2024
  • HNW RAUM · $700M to $818M
    Jan 31, 2024 to Mar 22, 2024
  • Individual RAUM · $34.0M to $44.1M
    Jan 31, 2024 to Mar 22, 2024
  • Non-discretionary RAUM · $2.1M to $8,186
    Jan 31, 2024 to Mar 22, 2024
  • Pension RAUM · $61.0M to $67.2M
    Jan 31, 2024 to Mar 22, 2024
  • RAUM · $895M to $1.0B
    Jan 31, 2024 to Mar 22, 2024
  • Accounts · 647 to 557
    Aug 19, 2022 to Mar 17, 2023
  • Advisory employees · 9 to 7
    Aug 19, 2022 to Mar 17, 2023
  • Charity clients · 17 to 18
    Aug 19, 2022 to Mar 17, 2023
  • Corporate clients · 13 to 0
    Aug 19, 2022 to Mar 17, 2023
  • HNW clients · 250 to 210
    Aug 19, 2022 to Mar 17, 2023
Signals
9 dated events
  • Adrienne Dorothy Bowers (Chief Operating Officer) no longer on Schedule A of M•••••••• • C•••••• I••• (listed 2023-04-06, absent 2023-08-09)
    Aug 9, 2023 · Control person left · inference
  • M•••••••• • C•••••• I••• reported RAUM $895.2M, down 31% from $1.3B (2022-08-19 to 2023-03-17)
    Mar 17, 2023 · RAUM change · derived
  • Marie Donna Scotti (Managing Director) no longer on Schedule A of M•••••••• • C•••••• I••• (listed 2022-03-29, absent 2022-08-19)
    Aug 19, 2022 · Control person left · inference
  • Guy Robert Bruch (Chief Investment Officer) appeared on Schedule A of M•••••••• • C•••••• I•••
    Aug 19, 2022 · Control person joined · fact
  • Adrienne Dorothy Bowers (Chief Operating Officer) appeared on Schedule A of M•••••••• • C•••••• I•••
    Aug 19, 2022 · Control person joined · fact
  • D•••• M•••• S••••• left M•••••••• • C•••••• I••• for B••••• F•••••••• M••••••••• L•• (registered 2022-09-29)
    Aug 17, 2022 · Advisor changed firm · fact
  • J••• D•••• P••• left M•••••••• • C•••••• I••• for B••••• F•••••••• M••••••••• L•• (registered 2023-09-27)
    Jun 15, 2022 · Advisor changed firm · fact
  • Marie Donna Scotti (Managing Director) appeared on Schedule A of M•••••••• • C•••••• I•••
    Mar 29, 2022 · Control person joined · fact
  • Norman Eric Gutterson (Managing Director; Director) no longer on Schedule A of M•••••••• • C•••••• I••• (listed 2019-03-29, absent 2020-03-24)
    Mar 24, 2020 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(617)357-5101reportedpublic record, Form ADV, May 4, 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
$176Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026