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.

Former SEC-registered adviser

Braver Wealth Management, LLC

Former SEC-registered adviserNeedham, MassachusettsCRD 104747SEC 801-26501IAPD
Latest filing Oct 3, 2016
First filing on the tape Mar 29, 2012 · 13 filings
RAUM
$875M
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
21
16 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$875M as of Mar 28, 2016
Mar 29, 2012$591M then
HNW client RAUM: no history
State-registered IARs (5.B.3)13 as of Mar 28, 2016
Mar 28, 201311 then
Employees (5.A)21 as of Mar 28, 2016
Mar 28, 201316 then
Private funds: no history
RAUM -2.1% over the last fiscal year+8.2% a year over threeIARs 13 to 13
Practice profile
derived from the filing of Oct 3, 2016; every figure names its basis
RAUM per advisor
$67.3MderivedRAUM 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
$335,563derivedRAUM over accounts (5.F.2.f)
Discretionary
89%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
13.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-2.1%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminars, otherreportedItem 5.G
Custody
$16.0M, 13 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2,609reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$16.0M for 13 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Joseph David D'Amico · Co-Managing Member President And Chief Market Strategistcontrol
      since 04/2008 · owns less than 5%
    • Joseph Brian Durkin · Chief Compliance Officercontrol
      since 03/2015 · owns less than 5%
    • Peter Andrew Griesinger · Chief Quantitative Officercontrol
      since 01/2006 · owns less than 5%
    • Harry Russell Lightman · Directorcontrol
      since 03/2006 · owns 10% to 25%
    • Benson Joseph Ludwig · Co-Managing Membercontrol
      since 05/2008 · owns 5% to 10%
    • Diane Judith Ludwig · Co-Managing Member And Vice Presidentcontrol
      since 04/2008 · owns 5% to 10%
    • Stephen Dennis Pellecchia · Co-Managing Member And Treasurercontrol
      since 04/2008 · owns 10% to 25%
    • Michael James Philbin · Co-Managing Member And Executive Vice Presidentcontrol
      since 04/2008 · owns 10% to 25%
    • Mark Christopher Stevens · Directorcontrol
      since 03/2006 · owns 10% to 25%
    • Harold Joel Berenson · Director
      since 03/2006 · owns 5% to 10%
    • Bernard Patrick Riley · Co-Managing Member
      since 04/2008 · owns 5% to 10%
    Entity owners
    • Braver Wealth Management, Inc. · Member
      direct · owns 75% or more
    • Tandem Financial Services, Inc. · Owner
      indirect · owns 75% or more of Braver Wealth Management, Inc.
    Related persons
    Schedule D 7.A
    • Christopher Stevens
      insurancen
    • Dennis Pellecchia
      insurancen
    • James Philbin
      insurancen
    • Joel Berenson
      insurancen
    • Patrick Riley
      insurancen
    • Russell Lightman
      insurancen
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • BD registered reps · 2 to 0
      Jun 1, 2016 to Jun 1, 2016
    • Advisory activities · 8 to 7
      Mar 28, 2016 to May 31, 2016
    • Accounts · 2,554 to 2,609
      Aug 20, 2015 to Mar 28, 2016
    • Advisory employees · 15 to 16
      Aug 20, 2015 to Mar 28, 2016
    • BD registered reps · 3 to 2
      Aug 20, 2015 to Mar 28, 2016
    • Assets in custody · $15.8M to $16.0M
      Aug 20, 2015 to Mar 28, 2016
    • Discretionary RAUM · $844M to $778M
      Aug 20, 2015 to Mar 28, 2016
    • Non-discretionary RAUM · $50.8M to $97.8M
      Aug 20, 2015 to Mar 28, 2016
    • RAUM · $894M to $875M
      Aug 20, 2015 to Mar 28, 2016
    • Accounts · 530 to 2,554
      Apr 18, 2014 to Mar 24, 2015
    • Assets in custody · $10.8M to $15.8M
      Apr 18, 2014 to Mar 24, 2015
    • Employees · 18 to 21
      Apr 18, 2014 to Mar 24, 2015
    • State-registered IARs · 11 to 13
      Apr 18, 2014 to Mar 24, 2015
    • Discretionary RAUM · $800M to $844M
      Apr 18, 2014 to Mar 24, 2015
    • Non-discretionary RAUM · $0 to $50.8M
      Apr 18, 2014 to Mar 24, 2015
    • RAUM · $800M to $894M
      Apr 18, 2014 to Mar 24, 2015
    • Accounts · 484 to 530
      Sep 9, 2013 to Mar 28, 2014
    • Advisory employees · 11 to 15
      Sep 9, 2013 to Mar 28, 2014
    • BD registered reps · 2 to 3
      Sep 9, 2013 to Mar 28, 2014
    • Assets in custody · $4.3M to $10.8M
      Sep 9, 2013 to Mar 28, 2014
    • Employees · 16 to 18
      Sep 9, 2013 to Mar 28, 2014
    • Insurance-licensed employees · 10 to 0
      Sep 9, 2013 to Mar 28, 2014
    • Discretionary RAUM · $688M to $800M
      Sep 9, 2013 to Mar 28, 2014
    • Non-discretionary RAUM · $3.5M to $0
      Sep 9, 2013 to Mar 28, 2014
    • RAUM · $691M to $800M
      Sep 9, 2013 to Mar 28, 2014
    • Accounts · 435 to 484
      Aug 9, 2012 to Mar 28, 2013
    • Advisory employees · unset to 11.0
      Aug 9, 2012 to Mar 28, 2013
    • BD registered reps · 0 to 2
      Aug 9, 2012 to Mar 28, 2013
    • Assets in custody · $4.0M to $4.3M
      Aug 9, 2012 to Mar 28, 2013
    • Employees · unset to 16.0
      Aug 9, 2012 to Mar 28, 2013
    • State-registered IARs · unset to 11.0
      Aug 9, 2012 to Mar 28, 2013
    • Discretionary RAUM · $529M to $688M
      Aug 9, 2012 to Mar 28, 2013
    • Non-discretionary RAUM · $61.4M to $3.5M
      Aug 9, 2012 to Mar 28, 2013
    • RAUM · $591M to $691M
      Aug 9, 2012 to Mar 28, 2013
    • Advisory activities · 7 to 8
      Mar 29, 2012 to Aug 9, 2012
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026