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.
SEC-registered adviser
Pear Tree Advisors, Inc.
Latest filing Sep 25, 2025
First filing on the tape Mar 19, 2012 · 21 filings
SEC status approved since Jun 13, 1983
RAUM
$3.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$1.5B
derived; firm RAUM over IAPD count
Employees
13
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$3.1B as of Sep 25, 2025
Sep 10, 2012$965M then
HNW client RAUM$0 as of Sep 25, 2025
Sep 12, 2018$0 then
State-registered IARs (5.B.3)3 as of Sep 25, 2025
Sep 10, 20120 then
Employees (5.A)13 as of Sep 25, 2025
Sep 10, 201312 then
Private funds: no history
RAUM -35% over the last fiscal year-19% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Sep 25, 2025; every figure names its basis
- RAUM per advisor
- $1.5BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $3.1BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 6.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -4.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for investment companies, selection of other advisersreportedItem 5.G
- 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
- has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$3.1B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=10.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Leon Okurowski | Lincoln, Ma | Mar 24, 2002 | 55 y | 0 |
| Willard Lee UmphreyChartered Financial Analyst | Lincoln, Ma | Mar 24, 2002 | 46 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Alina Monisov to Winslow, Evans & Crocker, Inc.Jun 11, 2018 · Other
Joined, latest
- Alina Monisov from Winslow Wealth Management LLCJan 30, 2017 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Anne Deborah Kessinger · Chief Compliance Officercontrolsince 10/2006 · owns less than 5%
- Leon Okurowski · Director, Vice President, Treasurer And Clerkcontrolsince 05/1983 · owns 50% to 75%
- Lee Willard Umphrey · Director And Presidentcontrolsince 05/1983 · owns 50% to 75%
- Wells Lawrie Okurowski · Ownersince 07/2000 · owns 50% to 75%
- Marie Anne Umphrey · Ownersince 07/2000 · owns 50% to 75%
Entity owners
- Leon Okurowski Trust U/A Dtd 5/14/2014 Leon Okurowski Trustee · Ownerdirect · owns 50% to 75%
Related persons
Schedule D 7.A
- Pear Tree Partners, LPinvestment advisernRAUM $100M
- U. S. Boston Capital Corporationbroker-dealerinvestment advisernRAUM $360M
Advisers that list Pear Tree Advisors, Inc. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lincoln, Ma · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- BD registered reps · 9 to 10Mar 3, 2025 to Sep 25, 2025
- Employees · 12 to 13Mar 3, 2025 to Sep 25, 2025
- Financial planning clients · 0 to 0Mar 3, 2025 to Sep 25, 2025
- Discretionary RAUM · $4.5B to $3.1BMar 3, 2025 to Sep 25, 2025
- RAUM · $4.5B to $3.1BMar 3, 2025 to Sep 25, 2025
- BD registered reps · 6 to 9Aug 3, 2023 to Sep 24, 2024
- Employees · 10 to 12Aug 3, 2023 to Sep 24, 2024
- Insurance-licensed employees · 1 to 0Aug 3, 2023 to Sep 24, 2024
- State-registered IARs · 2 to 3Aug 3, 2023 to Sep 24, 2024
- Discretionary RAUM · $4.7B to $4.5BAug 3, 2023 to Sep 24, 2024
- RAUM · $4.7B to $4.5BAug 3, 2023 to Sep 24, 2024
- BD registered reps · 7 to 6Sep 12, 2022 to Aug 3, 2023
- Employees · 12 to 10Sep 12, 2022 to Aug 3, 2023
- Insurance-licensed employees · 0 to 1Sep 12, 2022 to Aug 3, 2023
- State-registered IARs · 0 to 2Sep 12, 2022 to Aug 3, 2023
- Discretionary RAUM · $4.9B to $4.7BSep 12, 2022 to Aug 3, 2023
- RAUM · $4.9B to $4.7BSep 12, 2022 to Aug 3, 2023
- Discretionary RAUM · $5.8B to $4.9BSep 9, 2021 to Sep 12, 2022
- RAUM · $5.8B to $4.9BSep 9, 2021 to Sep 12, 2022
- Discretionary RAUM · $3.9B to $5.8BApr 20, 2021 to Sep 9, 2021
- RAUM · $3.9B to $5.8BApr 20, 2021 to Sep 9, 2021
- Discretionary RAUM · $5.1B to $3.9BJul 8, 2019 to Sep 10, 2020
- RAUM · $5.1B to $3.9BJul 8, 2019 to Sep 10, 2020
- Discretionary RAUM · $4.6B to $5.1BSep 12, 2018 to Jul 8, 2019
- RAUM · $4.6B to $5.1BSep 12, 2018 to Jul 8, 2019
- Charity clients · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Corporate clients · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- HNW clients · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Individual clients · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Pension plan clients · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Pooled vehicle clients · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Other offices · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Discretionary RAUM · $3.0B to $4.6BAug 22, 2017 to Sep 12, 2018
- HNW RAUM · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Individual RAUM · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Pension RAUM · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- Pooled vehicle RAUM · unset to 0.0Aug 22, 2017 to Sep 12, 2018
- RAUM · $3.0B to $4.6BAug 22, 2017 to Sep 12, 2018
- BD registered reps · 8 to 7Feb 7, 2017 to Aug 22, 2017
- Discretionary RAUM · $2.3B to $3.0BFeb 7, 2017 to Aug 22, 2017
Signals
3 dated events
- Pear Tree Advisors, Inc. reported RAUM $3.1B, down 32% from $4.5B (2025-03-03 to 2025-09-25)Sep 25, 2025 · RAUM change · derived
- Pear Tree Advisors, Inc. reported RAUM $5.8B, up 49% from $3.9B (2021-04-20 to 2021-09-09)Sep 9, 2021 · RAUM change · derived
- Pear Tree Advisors, Inc. reported RAUM $4.6B, up 52% from $3.0B (2017-08-22 to 2018-09-12)Sep 12, 2018 · RAUM change · derived
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
- Principal office phone
- 781-259-1144reportedpublic record, Form ADV, Sep 25, 2025
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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.5Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026