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

Clean Yield Asset Management

Independent wealth managerNorwich, VermontCRD 104826SEC 801-28225websiteIAPD
Legal name Clean Yield Group Inc
Latest filing Mar 3, 2026
First filing on the tape Mar 8, 2012 · 21 filings
SEC status approved since Nov 13, 1986
RAUM
$571M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$546M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$95.2M
derived; firm RAUM over IAPD count
Employees
9
8 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$571M as of Mar 3, 2026
Mar 8, 2012$177M then
HNW client RAUM$508M as of Mar 3, 2026
Mar 19, 2018$306M then
State-registered IARs (5.B.3)5 as of Mar 3, 2026
Mar 8, 20120 then
Employees (5.A)9 as of Mar 3, 2026
Mar 5, 20136 then
Private funds: no history
RAUM +6.0% over the last fiscal year+6.1% a year over threeIARs 3 to 5
Practice profile
derived from the filing of Mar 3, 2026; every figure names its basis
RAUM per advisor
$95.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
41derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.3MderivedHNW RAUM over HNW clients
Average account
$856,406derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
4.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
1.5derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+6.0%derivedbetween the last two annual amendments
Advisor growth, one year
+67%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.0%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, educational seminarsreportedItem 5.G
Custody
$192M, 135 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$508M89%
  • Individuals$37.5M6.6%
  • Charitable organizations$25.3M4.4%
Individual clients
91reported
HNW clients
155reported
Pension plan clients
0reported
Charitable clients
11reported
Accounts
667reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$192M for 135 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Dorigen Ryan HofmannNorwich, Vt Dec 7, 200619 y0
Eric Michael BeckerChartered Financial AnalystNorwich, VtNov 30, 200932 y1
Elizabeth Doyle GlenshawNorwich, VtMar 31, 201027 y0
Elizabeth Robertson Levy BouldinChartered Financial AnalystLincoln, MaSep 18, 202518 y0
Kofi Tweneboa KoduaSomerset, NjJan 1, 202613 y0
Jenny Ngo LyNorwich, Vt Mar 2, 202611 y0
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
none on the tape
    Joined, latest
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Michael Eric Becker · Secretarycontrol
      since 10/2012 · owns 25% to 50%
    • Doyle Elizabeth Glenshaw · President & Treasurercontrol
      since 10/2014 · owns 25% to 50%
    • Ryan Dorigen Hofmann · Vice President, Chief Compliance Officercontrol
      since 10/2012 · owns 25% to 50%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Norwich, Vt · principal410
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 645 to 667
      Feb 26, 2025 to Mar 3, 2026
    • Advisory employees · 3 to 8
      Feb 26, 2025 to Mar 3, 2026
    • HNW clients · 136 to 155
      Feb 26, 2025 to Mar 3, 2026
    • Individual clients · 94 to 91
      Feb 26, 2025 to Mar 3, 2026
    • State-registered IARs · 3 to 5
      Feb 26, 2025 to Mar 3, 2026
    • Discretionary RAUM · $539M to $571M
      Feb 26, 2025 to Mar 3, 2026
    • HNW RAUM · $463M to $508M
      Feb 26, 2025 to Mar 3, 2026
    • Individual RAUM · $48.3M to $37.5M
      Feb 26, 2025 to Mar 3, 2026
    • RAUM · $539M to $571M
      Feb 26, 2025 to Mar 3, 2026
    • Accounts · 690 to 645
      Feb 15, 2024 to Feb 26, 2025
    • Charity clients · 9 to 11
      Feb 15, 2024 to Feb 26, 2025
    • HNW clients · 159 to 136
      Feb 15, 2024 to Feb 26, 2025
    • Individual clients · 89 to 94
      Feb 15, 2024 to Feb 26, 2025
    • Assets in custody · $165M to $192M
      Feb 15, 2024 to Feb 26, 2025
    • Employees · 8 to 9
      Feb 15, 2024 to Feb 26, 2025
    • Financial planning clients · unset to
      Feb 15, 2024 to Feb 26, 2025
    • Other offices · 8 to 3
      Feb 15, 2024 to Feb 26, 2025
    • Discretionary RAUM · $511M to $539M
      Feb 15, 2024 to Feb 26, 2025
    • HNW RAUM · $456M to $463M
      Feb 15, 2024 to Feb 26, 2025
    • Individual RAUM · $42.3M to $48.3M
      Feb 15, 2024 to Feb 26, 2025
    • RAUM · $511M to $539M
      Feb 15, 2024 to Feb 26, 2025
    • Accounts · 641 to 690
      Feb 16, 2023 to Feb 15, 2024
    • Advisory employees · 4 to 3
      Feb 16, 2023 to Feb 15, 2024
    • Charity clients · 13 to 9
      Feb 16, 2023 to Feb 15, 2024
    • HNW clients · 127 to 159
      Feb 16, 2023 to Feb 15, 2024
    • Individual clients · 114 to 89
      Feb 16, 2023 to Feb 15, 2024
    • Assets in custody · $159M to $165M
      Feb 16, 2023 to Feb 15, 2024
    • State-registered IARs · 4 to 3
      Feb 16, 2023 to Feb 15, 2024
    • Other offices · 1 to 8
      Feb 16, 2023 to Feb 15, 2024
    • Discretionary RAUM · $478M to $511M
      Feb 16, 2023 to Feb 15, 2024
    • HNW RAUM · $383M to $456M
      Feb 16, 2023 to Feb 15, 2024
    • Individual RAUM · $62.9M to $42.3M
      Feb 16, 2023 to Feb 15, 2024
    • RAUM · $478M to $511M
      Feb 16, 2023 to Feb 15, 2024
    • Accounts · 582 to 641
      Feb 25, 2022 to Feb 16, 2023
    • Charity clients · 12 to 13
      Feb 25, 2022 to Feb 16, 2023
    • HNW clients · 133 to 127
      Feb 25, 2022 to Feb 16, 2023
    • Individual clients · 96 to 114
      Feb 25, 2022 to Feb 16, 2023
    • Assets in custody · $170M to $159M
      Feb 25, 2022 to Feb 16, 2023
    • Discretionary RAUM · $518M to $478M
      Feb 25, 2022 to Feb 16, 2023
    • HNW RAUM · $429M to $383M
      Feb 25, 2022 to Feb 16, 2023
    Signals
    2 dated events
    • Clean Yield Asset Management reported 3 offices beyond its principal office, down from 8 (2024-02-15 to 2025-02-26)
      Feb 26, 2025 · Office count change · derived
    • Clean Yield Asset Management reported 8 offices beyond its principal office, up from 1 (2023-02-16 to 2024-02-15)
      Feb 15, 2024 · Office count 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
    Business phone
    802-526-2525reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    800-809-6439reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    LINKEDIN.COM/COMPANY/CLEAN-YIELD-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
    Website
    CLEANYIELD.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    802-526-2525reportedpublic record, Form ADV, Mar 3, 2026
    Contact form
    cleanyield.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    cleanyield.com/teamreportedpublished 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
    $95.2Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026