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••••••••• I•••

Wealth manager with institutional or fund businessAlbany, New YorkCRD 107982SEC 801-47403websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 34 filings
SEC status approved since Sep 22, 1994
RAUM
$2.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
43%
$1.0B individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$1.2B
derived; firm RAUM over IAPD count
Employees
12
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$2.4B as of Mar 31, 2026
Mar 30, 2012$1.7B then
HNW client RAUM$1.0B as of Mar 31, 2026
Mar 13, 2018$431M then
State-registered IARs (5.B.3)2 as of Mar 31, 2026
Mar 22, 201311 then
Employees (5.A)12 as of Mar 31, 2026
Mar 22, 201326 then
Private funds2 as of Mar 31, 2026
Mar 30, 20123 then
RAUM +8.1% over the last fiscal year+16% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$1.2BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$17.5MderivedHNW RAUM over HNW clients
Average account
$33.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.0derivedItem 5.A over advisors
Advisors per office
1.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+8.1%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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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)
  • 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$1.0B43%
  • Pooled investment vehicles$868M36%
  • Corporations and businesses$340M14%
  • Charitable organizations$72.1M3.0%
  • Other investment advisers$71.0M3.0%
Individual clients
n/areported
HNW clients
59reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
72reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.43 fund_share=0.39 institutional_share=0.03 related_bd=true related_bank=false bd_reps=5.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
C•••••• K••• W•••Albany, NyOct 28, 201554 y1
A••••• F••••• W•••New York, NyAug 20, 202126 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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P•• P••••••• L••• I•Hedge Fund$781M84Mar 30, 2012
      P•• P••••••• I••••••••• L•••Hedge Fund$88.3M6Mar 30, 2012
      P•• P••••••• I•• L••no longer reportedHedge Fund$00Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••• R•••••• A••••• · Senior Vice President, Chief Financial Officer, Directorcontrol
        since 01/2007 · owns less than 5%
      • F•••••• C•••• A•••••• · Director And Vice Chairmancontrol
        since 01/2008 · owns less than 5%
      • G••••• R••••••• J•••• · Chief Compliance Officercontrol
        since 03/2026 · owns less than 5%
      • M•••••••• P••••• J••• · Senior Vice President, Chief Financial Officercontrol
        since 07/2025 · owns less than 5%
      • M•••••• G••••• A••• · Chief Compliance Officercontrol
        since 12/2022 · owns less than 5%
      • W•••• A•••••• F••••• · Director/Senior Vice President/Portfolio Managercontrol
        since 09/2008 · owns less than 5%
      • W•••• C••••••• K••• · Director/Portfolio Manager/Ceo/Ciocontrol
        since 09/1994 · owns less than 5%
      • W•••• C••••••• K••• · Shareholdercontrol
        since 01/2008 · owns 50% to 75% of P••••••• C•••••• H•••••••• I•••
      Entity owners
      • P••••••• C•••••• H•••••••• I••• · Shareholder
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Advisers that list P••••••• C•••••• M••••••••• I••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY2 employees
      ADV anomalies
      5 against comparable advisers; where to look, not conclusions
      • unusually large average accountStatic outlier · filing Mar 31, 2026
        RAUM per account of $33,082,890 against a peer median of $813,262 (1333 comparable advisers, 99.0th percentile, 21.8 robust deviations)
        peers: independent wealth managers, $1B to $5B (1,333) · 99% percentile
      • control person changedChange between filings · filing Mar 31, 2026
        M•••••• G••••• A••• (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2022-12-22 and 2026-03-31
        peers: independent wealth managers, $1B to $5B (1,362)
      • control person changedChange between filings · filing Mar 31, 2026
        G••••• R••••••• J•••• (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2022-12-22 and 2026-03-31
        peers: independent wealth managers, $1B to $5B (1,362)
      • control person changedChange between filings · filing Mar 31, 2026
        M•••••••• P••••• J••• (SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER) appeared on Schedule A between the filings of 2022-12-22 and 2026-03-31
        peers: independent wealth managers, $1B to $5B (1,362)
      • control person changedChange between filings · filing Mar 31, 2026
        B•••••• R•••••• A••••• (SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER, DIRECTOR) left Schedule A between the filings of 2022-12-22 and 2026-03-31
        peers: independent wealth managers, $1B to $5B (1,362)
      What changed
      consecutive filings, newest first
      • Accounts · 74 to 72
        Jul 1, 2025 to Mar 31, 2026
      • HNW clients · 61 to 59
        Jul 1, 2025 to Mar 31, 2026
      • Discretionary RAUM · $2.2B to $2.4B
        Jul 1, 2025 to Mar 31, 2026
      • HNW RAUM · $962M to $1.0B
        Jul 1, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $822M to $868M
        Jul 1, 2025 to Mar 31, 2026
      • RAUM · $2.2B to $2.4B
        Jul 1, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 26, 2025 to Jul 1, 2025
      • Accounts · 71 to 74
        Jul 25, 2024 to Mar 26, 2025
      • Corporate clients · unset to 5.0
        Jul 25, 2024 to Mar 26, 2025
      • HNW clients · 62 to 61
        Jul 25, 2024 to Mar 26, 2025
      • Employees · 13 to 12
        Jul 25, 2024 to Mar 26, 2025
      • Discretionary RAUM · $2.0B to $2.2B
        Jul 25, 2024 to Mar 26, 2025
      • HNW RAUM · $1.1B to $962M
        Jul 25, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $683M to $822M
        Jul 25, 2024 to Mar 26, 2025
      • RAUM · $2.0B to $2.2B
        Jul 25, 2024 to Mar 26, 2025
      • Accounts · 77 to 71
        Jul 31, 2023 to Mar 26, 2024
      • Advisory employees · 6 to 7
        Jul 31, 2023 to Mar 26, 2024
      • HNW clients · 67 to 62
        Jul 31, 2023 to Mar 26, 2024
      • Employees · 11 to 13
        Jul 31, 2023 to Mar 26, 2024
      • Discretionary RAUM · $1.5B to $2.0B
        Jul 31, 2023 to Mar 26, 2024
      • HNW RAUM · $856M to $1.1B
        Jul 31, 2023 to Mar 26, 2024
      • Pooled vehicle RAUM · $435M to $683M
        Jul 31, 2023 to Mar 26, 2024
      • RAUM · $1.5B to $2.0B
        Jul 31, 2023 to Mar 26, 2024
      • Accounts · 70 to 77
        Dec 22, 2022 to Mar 30, 2023
      • Advisory employees · 7 to 6
        Dec 22, 2022 to Mar 30, 2023
      • BD registered reps · 4 to 5
        Dec 22, 2022 to Mar 30, 2023
      • HNW clients · 60 to 67
        Dec 22, 2022 to Mar 30, 2023
      • Employees · 12 to 11
        Dec 22, 2022 to Mar 30, 2023
      • State-registered IARs · 1 to 2
        Dec 22, 2022 to Mar 30, 2023
      • Discretionary RAUM · $1.7B to $1.5B
        Dec 22, 2022 to Mar 30, 2023
      • HNW RAUM · $828M to $856M
        Dec 22, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $569M to $435M
        Dec 22, 2022 to Mar 30, 2023
      • RAUM · $1.7B to $1.5B
        Dec 22, 2022 to Mar 30, 2023
      • Accounts · 69 to 70
        Dec 21, 2021 to Mar 29, 2022
      • BD registered reps · 5 to 4
        Dec 21, 2021 to Mar 29, 2022
      • Charity clients · 3.0 to unset
        Dec 21, 2021 to Mar 29, 2022
      • Corporate clients · 2.0 to unset
        Dec 21, 2021 to Mar 29, 2022
      • HNW clients · 59 to 60
        Dec 21, 2021 to Mar 29, 2022
      • Employees · 15 to 12
        Dec 21, 2021 to Mar 29, 2022
      • Private funds · 3 to 2
        Dec 21, 2021 to Mar 29, 2022
      Signals
      8 dated events
      • P••••••• C•••••• M••••••••• I••• reported RAUM $2.0B, up 27% from $1.5B (2023-07-31 to 2024-03-26)
        Mar 26, 2024 · RAUM change · derived
      • Elizabeth Sara Spychalski (Chief Compliance Officer) no longer on Schedule A of P••••••• C•••••• M••••••••• I••• (listed 2022-03-29, absent 2022-12-22)
        Dec 22, 2022 · Control person left · inference
      • Alan Gregg Miller (Chief Compliance Officer) appeared on Schedule A of P••••••• C•••••• M••••••••• I•••
        Dec 22, 2022 · Control person joined · fact
      • P••••••• C•••••• M••••••••• I••• reported RAUM $1.7B, up 34% from $1.3B (2021-12-21 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • Elizabeth Sara Spychalski (Chief Compliance Officer) appeared on Schedule A of P••••••• C•••••• M••••••••• I•••
        Mar 29, 2022 · Control person joined · fact
      • Harry Thomas Signor (Chief Compliance Officer) no longer on Schedule A of P••••••• C•••••• M••••••••• I••• (listed 2021-12-21, absent 2022-03-29)
        Mar 29, 2022 · Control person left · inference
      • P••••••• C•••••• M••••••••• I••• reported RAUM $1.2B, up 31% from $886.3M (2019-10-25 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Harry Thomas Signor (Chief Compliance Officer) appeared on Schedule A of P••••••• C•••••• M••••••••• I•••
        Oct 25, 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 email
      mritter@paradigmcapital.comreportedpublished by the firm, firm site, Sep 15, 2026
      Business phone
      518-431-3500reportedpublished by the firm, firm site, Sep 15, 2026
      Website
      P•••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      518-431-3500reportedpublic record, Form ADV, Mar 31, 2026
      Team page
      paradigmcapital.com/team/key-personnelreportedpublished 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
      Wealth manager with institutional or fund businessderiveda 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