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

B••••••• C•••••• M••••••••• L••

Independent wealth managerDarien, ConnecticutCRD 108054SEC 801-56289websiteIAPD
Latest filing Jul 16, 2026
First filing on the tape Mar 30, 2012 · 31 filings
SEC status approved since Feb 23, 1999
RAUM
$1.3B
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
94%
$1.2B individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$426M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$1.3B as of Jul 16, 2026
Mar 30, 2012$215M then
HNW client RAUM$1.2B as of Jul 16, 2026
Mar 28, 2018$220M then
State-registered IARs (5.B.3)3 as of Jul 16, 2026
Mar 27, 20132 then
Employees (5.A)7 as of Jul 16, 2026
Mar 27, 20136 then
Private funds1 as of Mar 28, 2018
Mar 30, 20121 then
RAUM +39% over the last fiscal year+19% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jul 16, 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
RAUM per advisor
$426MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
95derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.2MderivedHNW RAUM over HNW clients
Average account
$4.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
4.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 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
-2.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Custody
$100,000, 2 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)
  • a related person has custody of client cash (9.B.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.2B91%
  • Pension and profit-sharing plans$50.2M3.9%
  • Individuals$36.9M2.9%
  • Corporations and businesses$20.7M1.6%
  • Charitable organizations$5.6M0.4%
Individual clients
99reported
HNW clients
187reported
Pension plan clients
21reported
Charitable clients
3reported
Accounts
315reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$100,000 for 2 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.94 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• A••••• Z•••Chartered Financial AnalystDarien, CtApr 9, 201045 y0
J••• S•••••• M•••••••Darien, CtMay 7, 202323 y1
R•••••• E•••• H•••Darien, CtNov 14, 202410 y1
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 33% of current headcount1 left over 36 months
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
B••••••• P•••••••• L•••no longer reportedHedge Fund$7.2M9Mar 30, 2012
Owners and control persons
Schedule A and B, latest filing
  • D•••••• L••••• K•• · Membercontrol
    since 05/2011 · owns 10% to 25%
  • M•••••••• J•••• S•••••• · Membercontrol
    since 09/2024 · owns less than 5%
  • P••••••• L••••• S• · Membercontrol
    since 09/2024 · owns less than 5%
  • Z•••• J•••• A••••• · Managing Member & Chief Compliance Officercontrol
    since 02/1999 · owns 50% to 75%
  • Z•••• R•••••• B•••••• · Membercontrol
    since 09/2024 · owns less than 5%
  • E•••••• R••••• · Trusteecontrol
    since 01/1989 · owns 75% or more of R••••• And C•••••••• E••••• Family Trust
  • S••••••• P•••• · Trusteecontrol
    since 03/2007 · owns 75% or more of P•••• S•••••• I•• R•••••••• T••••
Entity owners
  • P•••• S•••••• I•• R•••••••• T•••• · Member
    direct · owns 10% to 25%
  • R••••• • C•••••••• E••••• C••••••••• T•••• · Member
    direct · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Darien, Ct · principal301
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
6 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Jul 16, 2026
    D•••••• L••••• K•• (MEMBER) left Schedule A between the filings of 2012-10-16 and 2026-07-16
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 16, 2026
    S••••••• P•••• (TRUSTEE) left Schedule A between the filings of 2012-10-16 and 2026-07-16
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 16, 2026
    Z•••• R•••••• B•••••• (MEMBER) appeared on Schedule A between the filings of 2012-10-16 and 2026-07-16
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 16, 2026
    E•••••• R••••• (TRUSTEE) left Schedule A between the filings of 2012-10-16 and 2026-07-16
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 16, 2026
    M•••••••• J•••• S•••••• (MEMBER) appeared on Schedule A between the filings of 2012-10-16 and 2026-07-16
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Jul 16, 2026
    P••••••• L••••• S• (MEMBER) appeared on Schedule A between the filings of 2012-10-16 and 2026-07-16
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 320 to 315
    May 4, 2026 to Jul 16, 2026
  • HNW clients · 178 to 187
    May 4, 2026 to Jul 16, 2026
  • Individual clients · 113 to 99
    May 4, 2026 to Jul 16, 2026
  • Assets in custody · $23,000 to $100,000
    May 4, 2026 to Jul 16, 2026
  • Discretionary RAUM · $1.0B to $1.2B
    May 4, 2026 to Jul 16, 2026
  • HNW RAUM · $943M to $1.2B
    May 4, 2026 to Jul 16, 2026
  • Individual RAUM · $51.1M to $36.9M
    May 4, 2026 to Jul 16, 2026
  • Non-discretionary RAUM · $49.4M to $50.2M
    May 4, 2026 to Jul 16, 2026
  • Pension RAUM · $49.4M to $50.2M
    May 4, 2026 to Jul 16, 2026
  • RAUM · $1.1B to $1.3B
    May 4, 2026 to Jul 16, 2026
  • Accounts · 334 to 320
    Jul 16, 2025 to Mar 26, 2026
  • Charity clients · 0 to 3
    Jul 16, 2025 to Mar 26, 2026
  • Corporate clients · 0 to 5
    Jul 16, 2025 to Mar 26, 2026
  • HNW clients · 134 to 178
    Jul 16, 2025 to Mar 26, 2026
  • Individual clients · 165 to 113
    Jul 16, 2025 to Mar 26, 2026
  • Pension plan clients · 18 to 21
    Jul 16, 2025 to Mar 26, 2026
  • Assets in custody · $81,400 to $23,000
    Jul 16, 2025 to Mar 26, 2026
  • Employees · 8 to 7
    Jul 16, 2025 to Mar 26, 2026
  • Discretionary RAUM · $900M to $1.0B
    Jul 16, 2025 to Mar 26, 2026
  • HNW RAUM · $820M to $943M
    Jul 16, 2025 to Mar 26, 2026
  • Individual RAUM · $57.0M to $51.1M
    Jul 16, 2025 to Mar 26, 2026
  • Non-discretionary RAUM · $17.2M to $49.4M
    Jul 16, 2025 to Mar 26, 2026
  • Pension RAUM · $20.0M to $49.4M
    Jul 16, 2025 to Mar 26, 2026
  • RAUM · $918M to $1.1B
    Jul 16, 2025 to Mar 26, 2026
  • Financial planning clients · 101-250 to 101-250
    Mar 24, 2025 to Jul 16, 2025
  • Accounts · 315 to 334
    Mar 22, 2024 to Mar 24, 2025
  • Advisory employees · 2 to 3
    Mar 22, 2024 to Mar 24, 2025
  • Charity clients · 4 to 0
    Mar 22, 2024 to Mar 24, 2025
  • Corporate clients · 8 to 0
    Mar 22, 2024 to Mar 24, 2025
  • HNW clients · 120 to 134
    Mar 22, 2024 to Mar 24, 2025
  • Individual clients · 160 to 165
    Mar 22, 2024 to Mar 24, 2025
  • Pension plan clients · 15 to 18
    Mar 22, 2024 to Mar 24, 2025
  • Assets in custody · $161,000 to $81,400
    Mar 22, 2024 to Mar 24, 2025
  • Employees · 6 to 8
    Mar 22, 2024 to Mar 24, 2025
  • Discretionary RAUM · $767M to $900M
    Mar 22, 2024 to Mar 24, 2025
  • HNW RAUM · $701M to $820M
    Mar 22, 2024 to Mar 24, 2025
  • Individual RAUM · $53.0M to $57.0M
    Mar 22, 2024 to Mar 24, 2025
  • Non-discretionary RAUM · $16.3M to $17.2M
    Mar 22, 2024 to Mar 24, 2025
  • Pension RAUM · $2.6M to $20.0M
    Mar 22, 2024 to Mar 24, 2025
  • RAUM · $783M to $918M
    Mar 22, 2024 to Mar 24, 2025
Signals
3 dated events
  • L•••• K•• D••••• left B••••••• C•••••• M••••••••• L•• for F•••• M•••••••• C•• L•• (registered 2026-05-26)
    Jul 30, 2026 · Advisor changed firm · fact
  • B••••••• C•••••• M••••••••• L•• reported RAUM $700.3M, up 83% from $382.8M (2021-03-11 to 2021-03-31)
    Mar 31, 2021 · RAUM change · derived
  • W Phillip Moffitt (Trustee) no longer on Schedule A of B••••••• C•••••• M••••••••• L•• (listed 2021-03-11, absent 2021-03-31)
    Mar 31, 2021 · 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 email
info@bourgeoncapital.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
203-280-1170reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
203-662-1100reportedpublished by the firm, firm site, Sep 16, 2026
Website
B•••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
203-280-1170reportedpublic record, Form ADV, Jul 16, 2026
Contact form
bourgeoncapital.com/contactreportedpublished by the firm, firm site, Sep 16, 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
$426Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026