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

N•••••••• I••••••••• M••••••••• I••

Independent wealth managerBoston, MassachusettsCRD 105051SEC 801-22437websiteIAPD
Latest filing Feb 19, 2026
First filing on the tape Dec 22, 2011 · 26 filings
SEC status approved since Oct 2, 1984
RAUM
$3.3B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
96%
$3.1B individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$364M
derived; firm RAUM over IAPD count
Employees
25
11 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$3.3B as of Feb 19, 2026
Feb 28, 2012$1.0B then
HNW client RAUM$2.8B as of Feb 19, 2026
Mar 15, 2018$1.4B then
State-registered IARs (5.B.3)10 as of Feb 19, 2026
Feb 28, 20120 then
Employees (5.A)25 as of Feb 19, 2026
Mar 1, 201322 then
Private funds: no history
RAUM +11% over the last fiscal year+15% a year over threeIARs 9 to 10
Practice profile
derived from the filing of Feb 19, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • 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
$364MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
181derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.1MderivedHNW RAUM over HNW clients
Average account
$2.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
2.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.8derivedItem 5.A over advisors
Advisors per office
4.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+11%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.2%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.8B86%
  • Individuals$315M9.6%
  • Charitable organizations$75.8M2.3%
  • Corporations and businesses$45.9M1.4%
  • Pension and profit-sharing plans$8.8M0.3%
Individual clients
1,077reported
HNW clients
549reported
Pension plan clients
4reported
Charitable clients
12reported
Accounts
1,651reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $4.3M managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
N•••• M•••• M•••••••Certified Financial PlannerBoston, MaMar 17, 200827 y0
J••• F•••• F•••••••Chartered Financial AnalystBoston, MaApr 2, 200834 y0
D••••• C••••Certified Financial PlannerBoston, Ma Mar 18, 200923 y0
J••• R••••• L•••••Chartered Financial AnalystBoston, MaNov 12, 201319 y0
R••••• M•••••• K•••Certified Financial PlannerBoston, MaJan 30, 201713 y0
J••••• E• O••••Certified Financial PlannerBoston, MaMar 12, 202015 y0
J•••• W• M•••••Certified Financial PlannerBoston, Ma Mar 12, 202015 y0
C••••••••• P••• H•••••Certified Financial PlannerBoston, MaJun 24, 202110 y0
C•••• P• M•••••Chartered Financial AnalystBoston, MaApr 16, 202612 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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • F•••••••• J•••• F•••• · Director Directorcontrol
    since 08/2012 · owns 10% to 25%
  • L•••••• J•••• R••••• · Directorcontrol
    since 01/2019 · owns 10% to 25%
  • M••••••••• R••••••• G••••• · Cco, Cfo & Directorcontrol
    since 08/2012 · owns 10% to 25%
  • M•••••••• N••••• M•••• · President & Directorcontrol
    since 01/2017 · owns 10% to 25%
  • O••••• J•••••• E• · Directorcontrol
    since 08/2012 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list N•••••••• I••••••••• M••••••••• I•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Boston, Ma · principal910
Offices
Schedule D 1.F, the 25 largest
  • Concord, MA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Feb 19, 2026
    M•••••••• N••••• M•••• (PRESIDENT & DIRECTOR) left Schedule A between the filings of 2020-03-11 and 2026-02-19
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 1,597 to 1,651
    May 22, 2025 to Feb 19, 2026
  • Advisory employees · 9 to 11
    May 22, 2025 to Feb 19, 2026
  • Corporate clients · 7 to 6
    May 22, 2025 to Feb 19, 2026
  • HNW clients · 552 to 549
    May 22, 2025 to Feb 19, 2026
  • Individual clients · 1,023 to 1,077
    May 22, 2025 to Feb 19, 2026
  • Pension plan clients · unset to 4.0
    May 22, 2025 to Feb 19, 2026
  • Assets in custody · $2.8B to $3.2B
    May 22, 2025 to Feb 19, 2026
  • Employees · 26 to 25
    May 22, 2025 to Feb 19, 2026
  • State-registered IARs · 9 to 10
    May 22, 2025 to Feb 19, 2026
  • Discretionary RAUM · $2.9B to $3.2B
    May 22, 2025 to Feb 19, 2026
  • HNW RAUM · $2.5B to $2.8B
    May 22, 2025 to Feb 19, 2026
  • Individual RAUM · $279M to $315M
    May 22, 2025 to Feb 19, 2026
  • Non-discretionary RAUM · $56.4M to $42.8M
    May 22, 2025 to Feb 19, 2026
  • Pension RAUM · unset to 8820247.0
    May 22, 2025 to Feb 19, 2026
  • RAUM · $2.9B to $3.3B
    May 22, 2025 to Feb 19, 2026
  • Wrap assets (manager) · $4.7M to $4.3M
    May 22, 2025 to Feb 19, 2026
  • Financial planning clients · unset to
    Feb 14, 2025 to May 22, 2025
  • Accounts · 1,543 to 1,597
    Sep 30, 2024 to Feb 14, 2025
  • Corporate clients · 6 to 7
    Sep 30, 2024 to Feb 14, 2025
  • HNW clients · 503 to 552
    Sep 30, 2024 to Feb 14, 2025
  • Individual clients · 1,019 to 1,023
    Sep 30, 2024 to Feb 14, 2025
  • Assets in custody · $2.4B to $2.8B
    Sep 30, 2024 to Feb 14, 2025
  • Discretionary RAUM · $2.5B to $2.9B
    Sep 30, 2024 to Feb 14, 2025
  • HNW RAUM · $2.1B to $2.5B
    Sep 30, 2024 to Feb 14, 2025
  • Individual RAUM · $285M to $279M
    Sep 30, 2024 to Feb 14, 2025
  • Non-discretionary RAUM · $53.3M to $56.4M
    Sep 30, 2024 to Feb 14, 2025
  • RAUM · $2.5B to $2.9B
    Sep 30, 2024 to Feb 14, 2025
  • Wrap assets (manager) · $3.7M to $4.7M
    Sep 30, 2024 to Feb 14, 2025
  • Accounts · 1,541 to 1,543
    Mar 2, 2023 to Feb 28, 2024
  • Corporate clients · 5 to 6
    Mar 2, 2023 to Feb 28, 2024
  • HNW clients · 457 to 503
    Mar 2, 2023 to Feb 28, 2024
  • Individual clients · 1,063 to 1,019
    Mar 2, 2023 to Feb 28, 2024
  • Assets in custody · $2.1B to $2.4B
    Mar 2, 2023 to Feb 28, 2024
  • Other offices · 0 to 1
    Mar 2, 2023 to Feb 28, 2024
  • Discretionary RAUM · $2.1B to $2.5B
    Mar 2, 2023 to Feb 28, 2024
  • HNW RAUM · $1.8B to $2.1B
    Mar 2, 2023 to Feb 28, 2024
  • Individual RAUM · $292M to $285M
    Mar 2, 2023 to Feb 28, 2024
  • Non-discretionary RAUM · $54.4M to $53.3M
    Mar 2, 2023 to Feb 28, 2024
  • RAUM · $2.1B to $2.5B
    Mar 2, 2023 to Feb 28, 2024
  • Wrap assets (manager) · $4.7M to $3.7M
    Mar 2, 2023 to Feb 28, 2024
Signals
2 dated events
  • Boushall Thomas Moore (Director) no longer on Schedule A of N•••••••• I••••••••• M••••••••• I•• (listed 2020-06-26, absent 2021-03-17)
    Mar 17, 2021 · Control person left · inference
  • Robert John Lawrie (Director) appeared on Schedule A of N•••••••• I••••••••• M••••••••• I••
    Mar 11, 2020 · Control person joined · fact
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 email
t••••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
b••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
e••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
g•••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
j•••••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
k••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
l••••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
l•••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
m•••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
m••••••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
m••••@n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
Business email
p••••@n•••••••••.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
$364Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026