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

D•••• W•••••• A••••••••• I•••

Independent wealth managerPortsmouth, New HampshireCRD 106664SEC 801-47437websiteIAPD
Legal name W•••••• D•••• A••••••••• I••
Latest filing Mar 19, 2026
First filing on the tape Nov 15, 2011 · 33 filings
SEC status approved since Aug 10, 1994
RAUM
$1.3B
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
81%
$1.1B individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$266M
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$1.3B as of Mar 19, 2026
Mar 5, 2012$495M then
HNW client RAUM$988M as of Mar 19, 2026
Mar 12, 2018$562M then
State-registered IARs (5.B.3)5 as of Mar 19, 2026
Mar 5, 20120 then
Employees (5.A)5 as of Mar 19, 2026
Mar 13, 20137 then
Private funds: no history
RAUM -1.1% over the last fiscal year+6.5% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 19, 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
$266MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
88derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.8MderivedHNW RAUM over HNW clients
Average account
$2.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
86%derivedof RAUM
Institutional
16%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-1.1%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$988M74%
  • Charitable organizations$122M9.2%
  • Individuals$89.5M6.7%
  • Pension and profit-sharing plans$88.2M6.6%
  • Banks and thrifts$41.6M3.1%
  • Corporations and businesses$780,0000.1%
Individual clients
234reported
HNW clients
208reported
Pension plan clients
n/areported
Charitable clients
17reported
Accounts
465reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.81 fund_share=0.0 institutional_share=0.16 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K•••• •••• W••••••Portsmouth, NhMar 19, 200131 y0
W•••••• H•••• L••••• M•••••••Portsmouth, NhJan 3, 201143 y1
N••• G•••••• B•••••••Portsmouth, NhJun 2, 201614 y2
R••• V•••• S••••Chartered Financial AnalystPortsmouth, NhSep 8, 202335 y2
T•••••• P•••••• R••••••Portsmouth, NhAug 28, 202417 y1
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••••• N•••• G•••••• · Senior Vice Presidentcontrol
    since 07/2023 · owns less than 5%
  • F•••••• A•••• F•••••• · Senior Vice President Operations And Secretarycontrol
    since 07/2023 · owns less than 5%
  • M•••••••• W••••••• H•••• L••••• · Chairmancontrol
    since 07/2017 · owns less than 5%
  • R••••••• T••••••• P•••••• · Vice Presidentcontrol
    since 08/2024 · owns less than 5%
  • S••••• R•••• V•••• · Senior Vice Presidentcontrol
    since 09/2023 · owns less than 5%
  • W••••••• K••••• •••• · Ceo, President, Treasurer & Chief Compliance Officercontrol
    since 07/2017 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Portsmouth, Nh · principal500
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Mar 19, 2026
    R••••••• T••••••• P•••••• (VICE PRESIDENT) appeared on Schedule A between the filings of 2019-03-11 and 2026-03-19
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Mar 19, 2026
    F•••••• A•••• F•••••• (SENIOR VICE PRESIDENT OPERATIONS AND SECRETARY) left Schedule A between the filings of 2019-03-11 and 2026-03-19
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Mar 19, 2026
    W••••••• K••••• •••• (CEO, PRESIDENT, TREASURER & CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2019-03-11 and 2026-03-19
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 482 to 465
    Mar 25, 2025 to Mar 19, 2026
  • HNW clients · 220 to 208
    Mar 25, 2025 to Mar 19, 2026
  • Individual clients · 239 to 234
    Mar 25, 2025 to Mar 19, 2026
  • Employees · 6 to 5
    Mar 25, 2025 to Mar 19, 2026
  • Discretionary RAUM · $1.2B to $1.1B
    Mar 25, 2025 to Mar 19, 2026
  • HNW RAUM · $1.0B to $988M
    Mar 25, 2025 to Mar 19, 2026
  • Individual RAUM · $89.6M to $89.5M
    Mar 25, 2025 to Mar 19, 2026
  • Non-discretionary RAUM · $184M to $188M
    Mar 25, 2025 to Mar 19, 2026
  • Pension RAUM · $87.2M to $88.2M
    Mar 25, 2025 to Mar 19, 2026
  • RAUM · $1.3B to $1.3B
    Mar 25, 2025 to Mar 19, 2026
  • Accounts · 487 to 482
    Sep 16, 2024 to Mar 25, 2025
  • Advisory employees · 4 to 5
    Sep 16, 2024 to Mar 25, 2025
  • Charity clients · 16 to 17
    Sep 16, 2024 to Mar 25, 2025
  • Individual clients · 245 to 239
    Sep 16, 2024 to Mar 25, 2025
  • Employees · 5 to 6
    Sep 16, 2024 to Mar 25, 2025
  • Financial planning clients · 0 to 0
    Sep 16, 2024 to Mar 25, 2025
  • State-registered IARs · 4 to 5
    Sep 16, 2024 to Mar 25, 2025
  • Discretionary RAUM · $1.1B to $1.2B
    Sep 16, 2024 to Mar 25, 2025
  • HNW RAUM · $963M to $1.0B
    Sep 16, 2024 to Mar 25, 2025
  • Individual RAUM · $92.7M to $89.6M
    Sep 16, 2024 to Mar 25, 2025
  • Non-discretionary RAUM · $209M to $184M
    Sep 16, 2024 to Mar 25, 2025
  • Pension RAUM · $79.4M to $87.2M
    Sep 16, 2024 to Mar 25, 2025
  • RAUM · $1.3B to $1.3B
    Sep 16, 2024 to Mar 25, 2025
  • Accounts · 470 to 487
    Sep 21, 2023 to Mar 5, 2024
  • Charity clients · 15 to 16
    Sep 21, 2023 to Mar 5, 2024
  • HNW clients · 193 to 220
    Sep 21, 2023 to Mar 5, 2024
  • Individual clients · 256 to 245
    Sep 21, 2023 to Mar 5, 2024
  • Discretionary RAUM · $926M to $1.1B
    Sep 21, 2023 to Mar 5, 2024
  • HNW RAUM · $816M to $963M
    Sep 21, 2023 to Mar 5, 2024
  • Individual RAUM · $102M to $92.7M
    Sep 21, 2023 to Mar 5, 2024
  • Non-discretionary RAUM · $175M to $209M
    Sep 21, 2023 to Mar 5, 2024
  • Pension RAUM · $70.5M to $79.4M
    Sep 21, 2023 to Mar 5, 2024
  • RAUM · $1.1B to $1.3B
    Sep 21, 2023 to Mar 5, 2024
  • Advisory employees · 5 to 4
    Mar 9, 2023 to Jul 6, 2023
  • Employees · 6 to 5
    Mar 9, 2023 to Jul 6, 2023
  • State-registered IARs · 5 to 4
    Mar 9, 2023 to Jul 6, 2023
  • Accounts · 476 to 470
    Jul 19, 2022 to Mar 9, 2023
  • HNW clients · 226 to 193
    Jul 19, 2022 to Mar 9, 2023
  • Individual clients · 229 to 256
    Jul 19, 2022 to Mar 9, 2023
  • Discretionary RAUM · $1.1B to $926M
    Jul 19, 2022 to Mar 9, 2023
Signals
7 dated events
  • "Nmn" Karen Wendell (Ceo, President, Treasurer & Chief Compliance Officer) no longer on Schedule A of D•••• W•••••• A••••••••• I••• (listed 2019-03-11, absent 2026-03-19)
    Mar 19, 2026 · Control person left · inference
  • Vaile Reid Smith (Senior Vice President) appeared on Schedule A of D•••• W•••••• A••••••••• I•••
    Sep 21, 2023 · Control person joined · fact
  • Elizabeth Kathryn Shea (Executive Vice President) no longer on Schedule A of D•••• W•••••• A••••••••• I••• (listed 2023-07-06, absent 2023-09-21)
    Sep 21, 2023 · Control person left · inference
  • K•••••• E•••••••• S••• left D•••• W•••••• A••••••••• I••• for C••• S••• L•• (registered 2025-02-07)
    Sep 14, 2023 · Advisor changed firm · fact
  • James Peter Boland (President) no longer on Schedule A of D•••• W•••••• A••••••••• I••• (listed 2023-03-09, absent 2023-07-06)
    Jul 6, 2023 · Control person left · inference
  • D•••• W•••••• A••••••••• I••• reported RAUM $972.6M, up 27% from $765.3M (2019-03-11 to 2020-03-03)
    Mar 3, 2020 · RAUM change · derived
  • Fleming Anne Farris (Vice President Operations And Secretary) appeared on Schedule A of D•••• W•••••• A••••••••• I•••
    Mar 11, 2019 · 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 phone
603-427-0200reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
800-545-4791reportedpublished by the firm, firm site, Sep 16, 2026
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
603-427-0200reportedpublic record, Form ADV, Mar 19, 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
$266Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026