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
T•• F•••••••• M••••••••• I••
Legal name T•• F•••••••• M••••••••• I•••
Latest filing Mar 4, 2026
First filing on the tape Mar 28, 2012 · 35 filings
SEC status approved since Oct 12, 1982
RAUM
$1.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$1.8B individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$148M
derived; firm RAUM over IAPD count
Employees
22
12 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$1.8B as of Mar 4, 2026
Mar 28, 2012$726M then
HNW client RAUM$1.7B as of Mar 4, 2026
Mar 10, 2018$900M then
State-registered IARs (5.B.3)10 as of Mar 4, 2026
Apr 1, 20137 then
Employees (5.A)22 as of Mar 4, 2026
Apr 1, 201314 then
Private funds: no history
RAUM +16% over the last fiscal year+13% a year over threeIARs 10 to 10
Practice profile
derived from the filing of Mar 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
- $148MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 35derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.7MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 12.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.5%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
- Custody
- $804M, 325 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
- 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$1.7B97%
- Individuals$49.7M2.8%
- Corporations and businesses$9.1M0.5%
- Individual clients
- 113reported
- HNW clients
- 302reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1,619reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $804M for 325 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| F•••••••• M•••••• P•••• | Boston, Ma | Apr 14, 1994 | 45 y | 0 |
| R•••• K••••• K•••Certified Financial Planner | Boston, Ma | Sep 4, 2002 | 34 y | 0 |
| L•••• N••••• S•••••••Certified Financial Planner | Boston, Ma | May 28, 2004 | 30 y | 0 |
| J••• T•••••• B•••••Certified Financial Planner | Boston, Ma | Jan 18, 2008 | 30 y | 2 |
| M•••••• J•••• M•••••Certified Financial Planner, Personal Financial Specialist | Boston, Ma | May 27, 2020 | 26 y | 0 |
| A•••••••• M•••• G••••Certified Financial Planner | Boston, Ma | Dec 23, 2021 | 12 y | 1 |
| B•••• J••••• P•••••Chartered Financial Analyst | Boston, Ma | Jun 30, 2023 | 28 y | 4 |
| S•••• M••••••• B•••Chartered Financial Analyst | Boston, Ma | Jul 21, 2023 | 26 y | 0 |
| J•••• L•••• I•••••Chartered Financial Consultant | Boston, Ma | Feb 19, 2025 | 17 y | 0 |
| J•••••• G•••• G••••• | Boston, Ma | May 11, 2026 | 18 y | 1 |
| K••• C• C•••Certified Financial Planner | Boston, Ma | May 28, 2026 | 14 y | 0 |
| S•••• C•••••••• R••••Certified Financial Planner | Boston, Ma | Jul 30, 2026 | 21 y | 1 |
Advisor movement
1 left, 2 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 8.3% of current headcount2 left over 36 months
Left, latest
- H••••• N•• C•••••••• to C•••••••• A•••••••May 29, 2026 · RIA to RIA
- K•••• A•••••• A•••• to R••• F•••••••• P•••••••Aug 4, 2025 · RIA to RIA
- D•••• S•• M••••••• to C••••••••• F•••••••• N••••••Jan 18, 2022 · RIA to affiliated broker-dealer or bank
- M••••••• H••• S••••• to B••••••••• P•••••••Apr 8, 2021 · RIA to RIA
- S•••• A••••••• S••••• to A•••••••••Feb 20, 2019 · RIA to a state-registered adviser
- M••• M• E•••• to P••••• • S•••••••• I•••Jun 29, 2018 · RIA to RIA
- M••• N•• K••••• to H•••••• S••••• F•••••••• P•••••••Dec 11, 2012 · Other
- L•• C••••••••• M•••••• to M••••••• G•••• W••••• A•••••••• L••Oct 13, 2010 · Other
- F•••• T••••• M•••••••• to F•••••••• I••••••••• I••Nov 12, 2009 · Other
- C•••••• T••••• Y••• to U••••• C•••••• F•••••••• A•••••••Dec 21, 2005 · Other
Joined, latest
- S•••• C•••••••• R•••• from C••••••••• W••••• M••••••••• L••Jul 30, 2026 · RIA to RIA
- J•••••• G•••• G••••• from L•••••• L••May 11, 2026 · RIA to RIA
- B•••• J••••• P••••• from F•••• P••••••• W•••••• L••Jun 30, 2023 · RIA to RIA
- A•••••••• M•••• G•••• from S•••• C••• A•••••••• L••Dec 23, 2021 · RIA to RIA
- K•••• A•••••• A•••• from M•• I•••••••• S•••••••• L••Apr 8, 2019 · Affiliated broker-dealer or bank to independent RIA
- D•••• S•• M••••••• from W•••••• W••••• A•••••••• I•••Jun 18, 2018 · RIA to RIA
- M••••••• H••• S••••• from F••• W••••••••• I••••••••• A••••••• I••May 25, 2016 · Other
- M••• M• E•••• from M••••• W••••• M••••••••• L••Mar 10, 2014 · Other
- S•••• A••••••• S••••• from T•• C••••• G••••• L••Jun 5, 2012 · Other
- J••• T•••••• B••••• from C••••••••• F•••••••• N••••••Jan 18, 2008 · Other
- F•••• T••••• M•••••••• from S•••••••• A••••••• L••Jan 18, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- J•••••• J••••• L•••••• · Chairmancontrolsince 03/1991 · owns 10% to 25%
- K•••• R••••• K••••• · President, Ceocontrolsince 02/2007 · owns 50% to 75%
- O•••••• S••••••• J•••• · Principalcontrolsince 12/1980 · owns 10% to 25%
- W•••••• C••••••••• H•••••• · Chief Compliance Officercontrolsince 02/2015 · owns 5% to 10%
- P•••••• B••••• J••••• · Chief Investment Officersince 06/2023 · owns less than 5%
- S•••••••• L••••• N••••• · Sr. Vice Presidentsince 01/2010 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 12 | 3 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 4, 2026O•••••• S••••••• J•••• (PRINCIPAL) left Schedule A between the filings of 2023-07-21 and 2026-03-04peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 4, 2026J•••••• J••••• L•••••• (CHAIRMAN) left Schedule A between the filings of 2023-07-21 and 2026-03-04peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
- Accounts · 1,535 to 1,619Aug 5, 2025 to Mar 4, 2026
- Advisory employees · 10 to 12Aug 5, 2025 to Mar 4, 2026
- HNW clients · 292 to 302Aug 5, 2025 to Mar 4, 2026
- Individual clients · 117 to 113Aug 5, 2025 to Mar 4, 2026
- Assets in custody · $766M to $804MAug 5, 2025 to Mar 4, 2026
- Employees · 23 to 22Aug 5, 2025 to Mar 4, 2026
- Financial planning clients · 11-25 to 251-500Aug 5, 2025 to Mar 4, 2026
- Discretionary RAUM · $1.5B to $1.8BAug 5, 2025 to Mar 4, 2026
- HNW RAUM · $1.5B to $1.7BAug 5, 2025 to Mar 4, 2026
- Individual RAUM · $52.2M to $49.7MAug 5, 2025 to Mar 4, 2026
- RAUM · $1.5B to $1.8BAug 5, 2025 to Mar 4, 2026
- Financial planning clients · 11-25 to 11-25Mar 4, 2025 to Jun 30, 2025
- Accounts · 1,439 to 1,535Apr 5, 2024 to Mar 4, 2025
- HNW clients · 270 to 292Apr 5, 2024 to Mar 4, 2025
- Individual clients · 124 to 117Apr 5, 2024 to Mar 4, 2025
- Assets in custody · $671M to $766MApr 5, 2024 to Mar 4, 2025
- State-registered IARs · 8 to 10Apr 5, 2024 to Mar 4, 2025
- Discretionary RAUM · $1.4B to $1.5BApr 5, 2024 to Mar 4, 2025
- HNW RAUM · $1.3B to $1.5BApr 5, 2024 to Mar 4, 2025
- Individual RAUM · $54.7M to $52.2MApr 5, 2024 to Mar 4, 2025
- RAUM · $1.4B to $1.5BApr 5, 2024 to Mar 4, 2025
- Accounts · 1,322 to 1,439Jul 21, 2023 to Feb 28, 2024
- Advisory employees · 9 to 10Jul 21, 2023 to Feb 28, 2024
- HNW clients · 259 to 270Jul 21, 2023 to Feb 28, 2024
- Individual clients · 118 to 124Jul 21, 2023 to Feb 28, 2024
- Assets in custody · $556M to $671MJul 21, 2023 to Feb 28, 2024
- Employees · 20 to 23Jul 21, 2023 to Feb 28, 2024
- State-registered IARs · 6 to 8Jul 21, 2023 to Feb 28, 2024
- Discretionary RAUM · $1.2B to $1.4BJul 21, 2023 to Feb 28, 2024
- HNW RAUM · $1.2B to $1.3BJul 21, 2023 to Feb 28, 2024
- Individual RAUM · $51.8M to $54.7MJul 21, 2023 to Feb 28, 2024
- RAUM · $1.2B to $1.4BJul 21, 2023 to Feb 28, 2024
- Accounts · 1,249 to 1,322Mar 9, 2022 to Mar 7, 2023
- Advisory employees · 10 to 9Mar 9, 2022 to Mar 7, 2023
- HNW clients · 260 to 259Mar 9, 2022 to Mar 7, 2023
- Individual clients · 111 to 118Mar 9, 2022 to Mar 7, 2023
- Assets in custody · $1.4B to $556MMar 9, 2022 to Mar 7, 2023
- Employees · 19 to 20Mar 9, 2022 to Mar 7, 2023
- State-registered IARs · 9 to 6Mar 9, 2022 to Mar 7, 2023
- Discretionary RAUM · $1.4B to $1.2BMar 9, 2022 to Mar 7, 2023
Signals
4 dated events
- H••••• N•• C•••••••• left T•• F•••••••• M••••••••• I•• for C•••••••• A••••••• (registered 2026-06-24)May 29, 2026 · Advisor changed firm · fact
- K•••• A•••••• A•••• left T•• F•••••••• M••••••••• I•• for R••• F•••••••• P••••••• (registered 2025-08-12)Aug 4, 2025 · Advisor changed firm · fact
- Steven Daniel Kern (Chief Investment Officer) no longer on Schedule A of T•• F•••••••• M••••••••• I•• (listed 2022-03-09, absent 2023-03-07)Mar 7, 2023 · Control person left · inference
- D•••• S•• M••••••• left T•• F•••••••• M••••••••• I•• for C••••••••• F•••••••• N•••••• (registered 2022-05-12)Jan 18, 2022 · Advisor changed firm · 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
- i•••@t•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 617-210-6700reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/tfc-financial-managementreportedpublic record, Form ADV, Sep 19, 2026
- Website
- w••.t•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 617-210-6700reportedpublic record, Form ADV, Mar 4, 2026
- Contact form
- t•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- t•••••••••.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
- $148Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026