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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Former SEC-registered adviser

N•••••••• A•••• M••••••••• L••

Former SEC-registered adviserBlue Bell, PennsylvaniaCRD 109185SEC 801-57654IAPD
Latest filing Apr 3, 2023
First filing on the tape Mar 14, 2012 · 21 filings
RAUM
$467M
reported, Item 5.F
Discretionary
87%
of RAUM
Private clients
100%
$467M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$467M as of Mar 30, 2023
Mar 14, 2012$358M then
HNW client RAUM$447M as of Mar 30, 2023
Mar 29, 2018$406M then
State-registered IARs (5.B.3)2 as of Mar 30, 2023
Mar 14, 20120 then
Employees (5.A)6 as of Mar 30, 2023
Mar 21, 20138 then
Private funds: no history
RAUM -26% over the last fiscal year+3.1% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Apr 3, 2023; every figure names its basis
RAUM per advisor
$234MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
78derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.5MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
87%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-26%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.6%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$447M96%
  • Individuals$19.9M4.3%
Individual clients
56reported
HNW clients
99reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
396reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • C•••••• J•••• G••••• · Chief Executive Officercontrol
      since 05/2021 · owns less than 5%
    • H•••••• K••••••• M•••••• · Director Of Client Relations And Vice Presidentcontrol
      since 05/2021 · owns less than 5%
    • K•••• J•• W••••••• T••••• · Chief Compliance Officer And Vice Presidentcontrol
      since 03/2023 · owns less than 5%
    Entity owners
    • E••••• O• E••••• B• P••••• · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Individual clients · 55 to 56
      Jun 6, 2022 to Mar 30, 2023
    • Employees · 7 to 6
      Jun 6, 2022 to Mar 30, 2023
    • Discretionary RAUM · $545M to $408M
      Jun 6, 2022 to Mar 30, 2023
    • HNW RAUM · $581M to $447M
      Jun 6, 2022 to Mar 30, 2023
    • Individual RAUM · $39.1M to $19.9M
      Jun 6, 2022 to Mar 30, 2023
    • Non-discretionary RAUM · $82.9M to $59.5M
      Jun 6, 2022 to Mar 30, 2023
    • Pension RAUM · 5449957.0 to unset
      Jun 6, 2022 to Mar 30, 2023
    • RAUM · $628M to $467M
      Jun 6, 2022 to Mar 30, 2023
    • Accounts · 390 to 396
      May 20, 2021 to Mar 31, 2022
    • Advisory employees · 1 to 2
      May 20, 2021 to Mar 31, 2022
    • HNW clients · 107 to 99
      May 20, 2021 to Mar 31, 2022
    • Individual clients · 61 to 55
      May 20, 2021 to Mar 31, 2022
    • Employees · 6 to 7
      May 20, 2021 to Mar 31, 2022
    • State-registered IARs · 1 to 2
      May 20, 2021 to Mar 31, 2022
    • Discretionary RAUM · $462M to $545M
      May 20, 2021 to Mar 31, 2022
    • HNW RAUM · $500M to $581M
      May 20, 2021 to Mar 31, 2022
    • Individual RAUM · $29.8M to $39.1M
      May 20, 2021 to Mar 31, 2022
    • Non-discretionary RAUM · $81.0M to $82.9M
      May 20, 2021 to Mar 31, 2022
    • Pension RAUM · $10.6M to $5.4M
      May 20, 2021 to Mar 31, 2022
    • RAUM · $543M to $628M
      May 20, 2021 to Mar 31, 2022
    • Advisory employees · 2 to 1
      Mar 30, 2021 to May 20, 2021
    • Employees · 7 to 6
      Mar 30, 2021 to May 20, 2021
    • Accounts · 357 to 390
      Jan 12, 2021 to Mar 30, 2021
    • HNW clients · 85 to 107
      Jan 12, 2021 to Mar 30, 2021
    • Individual clients · 47 to 61
      Jan 12, 2021 to Mar 30, 2021
    • Employees · 6 to 7
      Jan 12, 2021 to Mar 30, 2021
    • Discretionary RAUM · $354M to $462M
      Jan 12, 2021 to Mar 30, 2021
    • HNW RAUM · $411M to $500M
      Jan 12, 2021 to Mar 30, 2021
    • Individual RAUM · $13.7M to $29.8M
      Jan 12, 2021 to Mar 30, 2021
    • Non-discretionary RAUM · $72.2M to $81.0M
      Jan 12, 2021 to Mar 30, 2021
    • Pension RAUM · unset to 10637195.0
      Jan 12, 2021 to Mar 30, 2021
    • RAUM · $426M to $543M
      Jan 12, 2021 to Mar 30, 2021
    • Accounts · 356 to 357
      Apr 26, 2019 to Mar 30, 2020
    • Advisory employees · 3 to 2
      Apr 26, 2019 to Mar 30, 2020
    • HNW clients · 90 to 85
      Apr 26, 2019 to Mar 30, 2020
    • Individual clients · 42 to 47
      Apr 26, 2019 to Mar 30, 2020
    • Employees · 7 to 6
      Apr 26, 2019 to Mar 30, 2020
    • State-registered IARs · 3 to 1
      Apr 26, 2019 to Mar 30, 2020
    • Discretionary RAUM · $317M to $354M
      Apr 26, 2019 to Mar 30, 2020
    • HNW RAUM · $366M to $411M
      Apr 26, 2019 to Mar 30, 2020
    Signals
    6 dated events
    • N•••••••• A•••• M••••••••• L•• reported RAUM $467.0M, down 26% from $628.2M (2022-06-06 to 2023-03-30)
      Mar 30, 2023 · RAUM change · derived
    • William Kaeli Jr (Vice President) appeared on Schedule A of N•••••••• A•••• M••••••••• L••
      Mar 31, 2022 · Control person joined · fact
    • Michele Kristen Hannan (Director Of Client Relations) appeared on Schedule A of N•••••••• A•••• M••••••••• L••
      May 20, 2021 · Control person joined · fact
    • B Edward Putnam (Managing Director, Ceo) no longer on Schedule A of N•••••••• A•••• M••••••••• L•• (listed 2021-03-30, absent 2021-05-20)
      May 20, 2021 · Control person left · inference
    • N•••••••• A•••• M••••••••• L•• reported RAUM $543.1M, up 27% from $426.4M (2021-01-12 to 2021-03-30)
      Mar 30, 2021 · RAUM change · derived
    • Warren Charles Ormerod (Managing Director, Chairman) no longer on Schedule A of N•••••••• A•••• M••••••••• L•• (listed 2019-03-29, absent 2019-04-26)
      Apr 26, 2019 · 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.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026