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
P•••••• C•••••• M••••••••• L••
Latest filing Jan 30, 2026
First filing on the tape Mar 26, 2012 · 25 filings
SEC status approved since Feb 3, 1993
RAUM
$5.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$1.4B
derived; firm RAUM over IAPD count
Employees
18
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
3
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$5.5B as of Jan 30, 2026
Mar 26, 2012$3.7B then
HNW client RAUM$5.9M as of Mar 27, 2023
Feb 16, 2018$15.4M then
State-registered IARs (5.B.3)4 as of Jan 30, 2026
Mar 26, 20120 then
Employees (5.A)18 as of Jan 30, 2026
Mar 26, 201311 then
Private funds3 as of Jan 30, 2026
Mar 26, 20123 then
RAUM -39% over the last fiscal year-24% a year over threeIARs 4 to 4offices 0 to 1
Practice profile
derived from the filing of Jan 30, 2026; every figure names its basis
- RAUM per advisor
- $1.4BderivedRAUM 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
- $227MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 24%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -39%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, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
- Custody
- $200M, 3 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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
- Investment companies$2.7B55%
- Pooled investment vehicles$944M19%
- Pension and profit-sharing plans$939M19%
- State and municipal entities$322M6.5%
- Charitable organizations$49.0M1.0%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 5reported
- Charitable clients
- 1reported
- Accounts
- 24reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $200M for 3 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.67 institutional_share=0.24 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••••• R••••• H••• | Boston, Ma | Aug 22, 1995 | 31 y | 0 |
| S•••••• B•••••Chartered Financial Analyst | Boston, Ma | Jan 8, 2009 | 24 y | 0 |
| B•• X•••Chartered Financial Analyst | Boston, Ma | Mar 25, 2013 | 20 y | 0 |
| J•••• M• C••••••• | Boston, Ma | Oct 20, 2014 | 12 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
none on the tape
Joined, latest
none on the tape
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••• C•••••• I••••••••• V•••• L•••••• P••••••••• | Other Private Fund | $173M | 27 | Mar 26, 2012 |
| T••••• I•••••••• L•••••• P••••••••• | Other Private Fund | $29.4M | 21 | Mar 26, 2012 |
| T•• C••••••• F•••• A• M••••••••• L•••••• P••••••••• | Other Private Fund | $27.3M | 18 | Mar 26, 2012 |
Owners and control persons
Schedule A and B, latest filing
- H•••• B••••••• R••••• · President/Treasurercontrolsince 04/1995 · owns less than 5%
- H•••• B••••••• R••••• · Membercontrolsince 12/2007 · owns 75% or more of P•••••• C•••••• M••••••••• H•••••••• L••
- B•••••• S•••••• · Vice President, Portfolio Managersince 09/2005 · owns 5% to 10%
- C•••••••• J••••• M• · Executive Vice President, Portfolio Managersince 01/2016 · owns less than 5%
- F••••••••• K••••• M•••• · Outside Prsince 12/2009 · owns less than 5%
- H••••••••• A••••• · Membersince 01/2022 · owns less than 5%
- H•••• L•••••••• B• · Board Of Managerssince 06/2004 · owns less than 5%
- H•••• S•••••• J• · Senior Investment Analystsince 01/2022 · owns less than 5%
- J•••••• K•••••••• S• · Corporate Secretary/Vice President/Business Manager/Director Of Hrsince 12/2006 · owns less than 5%
- K••• K••••••• D• · Senior Investment Analystsince 01/2022 · owns less than 5%
- M•••••• B••••••• K• · Business Development And Relationship Managersince 01/2013 · owns less than 5%
- M•••••• C••••••••• K• · Board Of Managerssince 06/2004 · owns less than 5%
- M•••••• E••••••••• S•••• · Chief Compliance Officersince 01/2022 · owns less than 5%
- M•••• J•••• A• · Board Of Managerssince 10/2021 · owns less than 5%
- R••••••• R••••••• E• · Chief Financial Officersince 12/2017 · owns less than 5%
- R•••••• E•••• M••••••• · Senior Client Service Associatesince 01/2024 · owns less than 5%
- S••••••• A••••• A• · Chief Technology Officersince 12/2010 · owns less than 5%
- X•••• B•• · Vice President, Portfolio Managersince 12/2012 · owns less than 5%
Entity owners
- P•••••• C•••••• M••••••••• H•••••••• L•• · L•••••• Liability P•••••••••direct · owns 75% or more
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 | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Jan 30, 2026RAUM (Item 5.F) moved from $8,901,029,329 to $5,452,307,694 (-39.0%) between the annual amendments of 2025-03-28 and 2026-01-30; the peer median change was +13.0% (631 comparable advisers, 1.0th percentile of changes)peers: asset managers, $5B to $20B (631) · 0.8% percentile
What changed
consecutive filings, newest first
- Accounts · 32 to 24Mar 28, 2025 to Jan 30, 2026
- Pension plan clients · 10 to 5Mar 28, 2025 to Jan 30, 2026
- Assets in custody · $226M to $200MMar 28, 2025 to Jan 30, 2026
- Other offices · 0 to 1Mar 28, 2025 to Jan 30, 2026
- Discretionary RAUM · $8.9B to $5.5BMar 28, 2025 to Jan 30, 2026
- Pension RAUM · $1.8B to $939MMar 28, 2025 to Jan 30, 2026
- Pooled vehicle RAUM · $1.4B to $944MMar 28, 2025 to Jan 30, 2026
- RAUM · $8.9B to $5.5BMar 28, 2025 to Jan 30, 2026
- Accounts · 34 to 32Mar 28, 2024 to Mar 28, 2025
- Advisory employees · 9 to 10Mar 28, 2024 to Mar 28, 2025
- Advisory activities · 5 to 4Mar 28, 2024 to Mar 28, 2025
- Pension plan clients · 11 to 10Mar 28, 2024 to Mar 28, 2025
- Assets in custody · $230M to $226MMar 28, 2024 to Mar 28, 2025
- Employees · 20 to 18Mar 28, 2024 to Mar 28, 2025
- Financial planning clients · 0 to 0Mar 28, 2024 to Mar 28, 2025
- Discretionary RAUM · $12B to $8.9BMar 28, 2024 to Mar 28, 2025
- Pension RAUM · $2.4B to $1.8BMar 28, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $1.4B to $1.4BMar 28, 2024 to Mar 28, 2025
- RAUM · $12B to $8.9BMar 28, 2024 to Mar 28, 2025
- Accounts · 40 to 34Mar 27, 2023 to Mar 28, 2024
- Advisory employees · 8 to 9Mar 27, 2023 to Mar 28, 2024
- Corporate clients · unset to 0.0Mar 27, 2023 to Mar 28, 2024
- HNW clients · 3 to 0Mar 27, 2023 to Mar 28, 2024
- Individual clients · 5 to 0Mar 27, 2023 to Mar 28, 2024
- Pension plan clients · 13 to 11Mar 27, 2023 to Mar 28, 2024
- Pooled vehicle clients · 8 to 7Mar 27, 2023 to Mar 28, 2024
- Assets in custody · $206M to $230MMar 27, 2023 to Mar 28, 2024
- Employees · 21 to 20Mar 27, 2023 to Mar 28, 2024
- Discretionary RAUM · $12B to $12BMar 27, 2023 to Mar 28, 2024
- HNW RAUM · 5878110.0 to unsetMar 27, 2023 to Mar 28, 2024
- Individual RAUM · 382204659.0 to unsetMar 27, 2023 to Mar 28, 2024
- Pension RAUM · $3.0B to $2.4BMar 27, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $1.5B to $1.4BMar 27, 2023 to Mar 28, 2024
- RAUM · $12B to $12BMar 27, 2023 to Mar 28, 2024
- Accounts · 43 to 40Feb 22, 2022 to Mar 27, 2023
- Advisory employees · 9 to 8Feb 22, 2022 to Mar 27, 2023
- HNW clients · 4 to 3Feb 22, 2022 to Mar 27, 2023
- Pension plan clients · 15 to 13Feb 22, 2022 to Mar 27, 2023
- Assets in custody · $256M to $206MFeb 22, 2022 to Mar 27, 2023
- Employees · 19 to 21Feb 22, 2022 to Mar 27, 2023
Signals
2 dated events
- P•••••• C•••••• M••••••••• L•• reported RAUM $5.5B, down 39% from $8.9B (2025-03-28 to 2026-01-30)Jan 30, 2026 · RAUM change · derived
- P•••••• C•••••• M••••••••• L•• reported RAUM $11.7B, up 48% from $7.9B (2017-05-12 to 2018-02-13)Feb 13, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- P•••••• C•••••• M••••••••• L•• · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/P••••••-CAPITAL-MANAGEMENTreportedpublic record, Form ADV, Sep 19, 2026
- Website
- P••••••FUNDS.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 617-951-1365reportedpublic record, Form ADV, Jan 30, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.4Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026