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

F•••• C•••••• L••

Former SEC-registered adviserRochester, New YorkCRD 109941SEC 801-55817websiteIAPD
Latest filing Feb 20, 2025
First filing on the tape Mar 26, 2012 · 48 filings
SEC status approved since Aug 25, 1998
RAUM
$1.5B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
90%
$1.3B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
20
5 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$1.5B as of Feb 20, 2025
Mar 26, 2012$553M then
HNW client RAUM$1.1B as of Feb 20, 2025
Mar 13, 2018$488M then
State-registered IARs (5.B.3)15 as of Feb 20, 2025
Mar 20, 20130 then
Employees (5.A)20 as of Feb 20, 2025
Mar 20, 201313 then
Private funds: no history
RAUM +13% over the last fiscal year+0.1% a year over threeIARs 14 to 15offices 6 to 5
Practice profile
derived from the filing of Feb 20, 2025; every figure names its basis
RAUM per advisor
$96.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
61derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.1MderivedHNW RAUM over HNW clients
Average account
$666,231derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
9.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
2.5derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+7.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, educational seminars, otherreportedItem 5.G
Custody
$421M, 470 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$1.1B77%
  • Individuals$198M14%
  • Pension and profit-sharing plans$92.9M6.4%
  • Charitable organizations$47.4M3.3%
Individual clients
562reported
HNW clients
355reported
Pension plan clients
28reported
Charitable clients
11reported
Accounts
2,180reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$421M for 470 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
13 left, 0 joined in 12 months
net -13 in 12 months0 left in 90 days0 joined in 90 days13 left over 36 months
Left, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • H•••••• D••••• W•••••• · Membercontrol
      since 08/1996 · owns 25% to 50%
    • M•••••• A•••• G• · Member, Chief Compliance Officercontrol
      since 12/2001 · owns 25% to 50%
    • S••••••••• E•••••• D•••• · Membercontrol
      since 10/2009 · owns 10% to 25%
    • M•••••• A•••• G• · Trusteecontrol
      since 01/2016 · owns F of A••• J• D•••••••• R•••••••• T••••
    • L••••••• D•••••• E•••• · Member
      since 10/2009 · owns less than 5%
    • N•••••• R••••••• B•••• · Member
      since 07/1997 · owns less than 5%
    Entity owners
    • A••• J• D•••••••• R•••••••• T•••• · Member
      direct · owns 10% to 25%
    Related persons
    Schedule D 7.A
    No related person reported.
    Advisers that list F•••• C•••••• L•• as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Massapequa, Ny001
    Rochester, Ny · principal0012
    Offices
    Schedule D 1.F, the 25 largest
    • New York, NY1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Other offices · 6 to 5
      Oct 14, 2024 to Feb 20, 2025
    • Accounts · 2,232 to 2,180
      Oct 14, 2024 to Feb 20, 2025
    • HNW clients · 317 to 355
      Oct 14, 2024 to Feb 20, 2025
    • Individual clients · 590 to 562
      Oct 14, 2024 to Feb 20, 2025
    • Pension plan clients · 30 to 28
      Oct 14, 2024 to Feb 20, 2025
    • Assets in custody · $360M to $421M
      Oct 14, 2024 to Feb 20, 2025
    • Employees · 21 to 20
      Oct 14, 2024 to Feb 20, 2025
    • Financial planning clients · 51-100 to 1-10
      Oct 14, 2024 to Feb 20, 2025
    • State-registered IARs · 14 to 15
      Oct 14, 2024 to Feb 20, 2025
    • Discretionary RAUM · $1.3B to $1.4B
      Oct 14, 2024 to Feb 20, 2025
    • HNW RAUM · $948M to $1.1B
      Oct 14, 2024 to Feb 20, 2025
    • Individual RAUM · $217M to $198M
      Oct 14, 2024 to Feb 20, 2025
    • Non-discretionary RAUM · $13.8M to $22.4M
      Oct 14, 2024 to Feb 20, 2025
    • Pension RAUM · $80.9M to $92.9M
      Oct 14, 2024 to Feb 20, 2025
    • RAUM · $1.3B to $1.5B
      Oct 14, 2024 to Feb 20, 2025
    • Accounts · 2,309 to 2,232
      Jan 3, 2024 to Feb 6, 2024
    • Charity clients · 30 to 11
      Jan 3, 2024 to Feb 6, 2024
    • HNW clients · 278 to 317
      Jan 3, 2024 to Feb 6, 2024
    • Individual clients · 628 to 590
      Jan 3, 2024 to Feb 6, 2024
    • Assets in custody · $672M to $360M
      Jan 3, 2024 to Feb 6, 2024
    • Financial planning clients · 101-250 to 51-100
      Jan 3, 2024 to Feb 6, 2024
    • Discretionary RAUM · $1.1B to $1.3B
      Jan 3, 2024 to Feb 6, 2024
    • HNW RAUM · $787M to $948M
      Jan 3, 2024 to Feb 6, 2024
    • Individual RAUM · $236M to $217M
      Jan 3, 2024 to Feb 6, 2024
    • Non-discretionary RAUM · $11.9M to $13.8M
      Jan 3, 2024 to Feb 6, 2024
    • Pension RAUM · $77.1M to $80.9M
      Jan 3, 2024 to Feb 6, 2024
    • RAUM · $1.1B to $1.3B
      Jan 3, 2024 to Feb 6, 2024
    • Related adviser · true to false
      Jan 3, 2024 to Feb 6, 2024
    • Accounts · 2,304 to 2,309
      Dec 5, 2022 to Feb 16, 2023
    • Advisory employees · 6 to 5
      Dec 5, 2022 to Feb 16, 2023
    • Charity clients · 28 to 30
      Dec 5, 2022 to Feb 16, 2023
    • HNW clients · 308 to 278
      Dec 5, 2022 to Feb 16, 2023
    • Individual clients · 573 to 628
      Dec 5, 2022 to Feb 16, 2023
    • Assets in custody · $438M to $672M
      Dec 5, 2022 to Feb 16, 2023
    • Employees · 19 to 21
      Dec 5, 2022 to Feb 16, 2023
    • State-registered IARs · 15 to 14
      Dec 5, 2022 to Feb 16, 2023
    • Discretionary RAUM · $1.4B to $1.1B
      Dec 5, 2022 to Feb 16, 2023
    • HNW RAUM · $1.0B to $787M
      Dec 5, 2022 to Feb 16, 2023
    • Individual RAUM · $185M to $236M
      Dec 5, 2022 to Feb 16, 2023
    • Non-discretionary RAUM · $85.7M to $11.9M
      Dec 5, 2022 to Feb 16, 2023
    Signals
    18 dated events
    • F•••• C•••••• L•• no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $1.5B)
      Dec 20, 2025 · Left the SEC roster · derived
    • D•••• W•••••• H••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-04)
      Oct 1, 2025 · Advisor changed firm · fact
    • B•••••• S••••• B•••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-02)
      Oct 1, 2025 · Advisor changed firm · fact
    • M••••• P•••• C••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-05)
      Oct 1, 2025 · Advisor changed firm · fact
    • M•••••• J••••• G•••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-05)
      Oct 1, 2025 · Advisor changed firm · fact
    • S••• J•••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-03)
      Oct 1, 2025 · Advisor changed firm · fact
    • C••••••••• A•••••• C•••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-08)
      Oct 1, 2025 · Advisor changed firm · fact
    • L•••• H••••• R••••••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-05)
      Oct 1, 2025 · Advisor changed firm · fact
    • J•••••• E•••• H•••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-11)
      Oct 1, 2025 · Advisor changed firm · fact
    • E••••• D•••• S••••••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-03)
      Oct 1, 2025 · Advisor changed firm · fact
    • R•••••• B•••• N••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-04)
      Oct 1, 2025 · Advisor changed firm · fact
    • C••••••••• B••••• M••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-23)
      Oct 1, 2025 · Advisor changed firm · fact
    • D••••• E•••• L•••••• left F•••• C•••••• L•• for M•••••• (registered 2025-09-03)
      Oct 1, 2025 · Advisor changed firm · fact
    • A••• G• M••••• left F•••• C•••••• L•• for A•••••• W••••• P••••••• L•• (registered 2021-05-07)
      Oct 1, 2025 · Advisor changed firm · fact
    • F•••• C•••••• L••'s advisors moved to M•••••• (Rochester, NY): 12 of 13 registered, on the same day
      Oct 1, 2025 · Firm absorbed (people side) · derived
    • F•••• C•••••• L•• reported 15 state-registered advisory representatives, up from 3 (2021-11-04 to 2022-02-10)
      Feb 10, 2022 · Advisor headcount change · derived
    • Adil Masood (Trustee) no longer on Schedule A of F•••• C•••••• L•• (listed 2021-04-12, absent 2021-04-16)
      Apr 16, 2021 · Control person left · inference
    • G Adil Masood (Member, Chief Compliance Officer) appeared on Schedule A of F•••• C•••••• L••
      Apr 12, 2021 · 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.
    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