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•••••• • P•••• A••••••• L••

Independent wealth managerBoston, MassachusettsCRD 107113SEC 801-47618websiteIAPD
Latest filing Aug 26, 2026
First filing on the tape Mar 29, 2012 · 17 filings
SEC status approved since Oct 11, 1994
RAUM
$2.4B
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
90%
$2.2B individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$1.2B
derived; firm RAUM over IAPD count
Employees
20
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$2.4B as of Aug 26, 2026
Mar 29, 2012$1.4B then
HNW client RAUM$2.2B as of Aug 26, 2026
Mar 29, 2018$1.4B then
State-registered IARs (5.B.3)0 as of Aug 26, 2026
Mar 29, 20120 then
Employees (5.A)20 as of Aug 26, 2026
Mar 28, 201324 then
Private funds: no history
RAUM +4.7% over the last fiscal year+7.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 26, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
  • UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
$1.2BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
53derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$25.6MderivedHNW RAUM over HNW clients
Average account
$3.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
90%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
10.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+4.7%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-1.9%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Custody
$2.1B, 106 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.2B99%
  • Individuals$21.8M1.0%
Individual clients
21reported
HNW clients
85reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
642reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$2.1B for 106 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.9 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• K•••••• N••••••Chartered Financial AnalystBoston, MaMar 31, 202229 y0
T••••• E•••• B••••Chartered Financial AnalystBoston, MaNov 22, 202334 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
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• T•••••• E•••• · Partnercontrol
        since 01/1997 · owns 10% to 25%
      • H••••••• J•••• K••••••• · Partnercontrol
        since 01/2001 · owns 10% to 25%
      • L•••••• K•••••••• H••••• · Chief Compliance Officer/Partnercontrol
        since 01/2003 · owns 10% to 25%
      • M••••••• C••••• L••••••• · Partnercontrol
        since 01/2022 · owns 10% to 25%
      • N••••••• R••••••• K•••••• · Partnercontrol
        since 01/1997 · owns 10% to 25%
      • P••••• P•••••••• D••••••••• · Partner Officer/Partnercontrol
        since 01/2002 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • P••••••• D• P••••
        n
      • T••••• E• B••••
        n
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Boston, Ma · principal200
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • control person changedChange between filings · filing Aug 26, 2026
        L•••••• K•••••••• H••••• (CHIEF COMPLIANCE OFFICER/PARTNER) left Schedule A between the filings of 2023-03-30 and 2026-08-26
        peers: independent wealth managers, $1B to $5B (1,362)
      What changed
      consecutive filings, newest first
      • Accounts · 638 to 642
        Mar 28, 2025 to Mar 30, 2026
      • HNW clients · 83 to 85
        Mar 28, 2025 to Mar 30, 2026
      • Individual clients · 25 to 21
        Mar 28, 2025 to Mar 30, 2026
      • Assets in custody · $2.0B to $2.1B
        Mar 28, 2025 to Mar 30, 2026
      • Employees · 21 to 20
        Mar 28, 2025 to Mar 30, 2026
      • Discretionary RAUM · $2.1B to $2.2B
        Mar 28, 2025 to Mar 30, 2026
      • HNW RAUM · $2.1B to $2.2B
        Mar 28, 2025 to Mar 30, 2026
      • Individual RAUM · $24.6M to $21.8M
        Mar 28, 2025 to Mar 30, 2026
      • Non-discretionary RAUM · $250M to $249M
        Mar 28, 2025 to Mar 30, 2026
      • RAUM · $2.3B to $2.4B
        Mar 28, 2025 to Mar 30, 2026
      • Accounts · 641 to 638
        Mar 28, 2024 to Mar 28, 2025
      • HNW clients · 73 to 83
        Mar 28, 2024 to Mar 28, 2025
      • Individual clients · 29 to 25
        Mar 28, 2024 to Mar 28, 2025
      • Assets in custody · $1.8B to $2.0B
        Mar 28, 2024 to Mar 28, 2025
      • Employees · 25 to 21
        Mar 28, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $1.9B to $2.1B
        Mar 28, 2024 to Mar 28, 2025
      • HNW RAUM · $1.9B to $2.1B
        Mar 28, 2024 to Mar 28, 2025
      • Individual RAUM · $24.2M to $24.6M
        Mar 28, 2024 to Mar 28, 2025
      • Non-discretionary RAUM · $255M to $250M
        Mar 28, 2024 to Mar 28, 2025
      • RAUM · $2.2B to $2.3B
        Mar 28, 2024 to Mar 28, 2025
      • Accounts · 654 to 641
        Mar 30, 2023 to Mar 28, 2024
      • HNW clients · 74 to 73
        Mar 30, 2023 to Mar 28, 2024
      • Individual clients · 24 to 29
        Mar 30, 2023 to Mar 28, 2024
      • Assets in custody · $1.7B to $1.8B
        Mar 30, 2023 to Mar 28, 2024
      • Discretionary RAUM · $1.7B to $1.9B
        Mar 30, 2023 to Mar 28, 2024
      • HNW RAUM · $1.7B to $1.9B
        Mar 30, 2023 to Mar 28, 2024
      • Individual RAUM · $18.5M to $24.2M
        Mar 30, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $246M to $255M
        Mar 30, 2023 to Mar 28, 2024
      • RAUM · $1.9B to $2.2B
        Mar 30, 2023 to Mar 28, 2024
      • Accounts · 661 to 654
        Mar 31, 2022 to Mar 30, 2023
      • HNW clients · 77 to 74
        Mar 31, 2022 to Mar 30, 2023
      • Individual clients · 25 to 24
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $1.8B to $1.7B
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $1.9B to $1.7B
        Mar 31, 2022 to Mar 30, 2023
      • HNW RAUM · $1.9B to $1.7B
        Mar 31, 2022 to Mar 30, 2023
      • Individual RAUM · $22.5M to $18.5M
        Mar 31, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $317M to $246M
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $2.2B to $1.9B
        Mar 31, 2022 to Mar 30, 2023
      • Accounts · 659 to 661
        Mar 29, 2021 to Mar 31, 2022
      Signals
      4 dated events
      • Irving Harold Pratt (Partner) no longer on Schedule A of N•••••• • P•••• A••••••• L•• (listed 2022-03-31, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • Lonergan Craig Melillo (Partner) appeared on Schedule A of N•••••• • P•••• A••••••• L••
        Mar 30, 2023 · Control person joined · fact
      • Richard James Nichols (Partner) no longer on Schedule A of N•••••• • P•••• A••••••• L•• (listed 2022-03-31, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • Joseph Leonard Patenaude (Partner) no longer on Schedule A of N•••••• • P•••• A••••••• L•• (listed 2019-03-28, absent 2020-05-01)
        May 1, 2020 · Control person left · inference
      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
      617-523-6800reportedpublished by the firm, firm site, Sep 15, 2026
      Website
      N••••••-P••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      617-523-6800reportedpublic record, Form ADV, Aug 26, 2026
      Contact form
      n•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
      Team page
      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
      $1.2Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026