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

E•••• I••••••••• M••••••••• C••••••• L••

Wealth manager with institutional or fund businessBoston, MassachusettsCRD 109962SEC 801-55496websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 31 filings
SEC status approved since Mar 20, 1998
RAUM
$713M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
29%
$209M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$713M as of Mar 30, 2026
Mar 30, 2012$1.1B then
HNW client RAUM$130M as of Mar 30, 2026
Mar 29, 2018$97.5M then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 27, 20130 then
Employees (5.A)13 as of Mar 30, 2026
Mar 27, 201329 then
Private funds1 as of Aug 1, 2025
Mar 30, 201215 then
RAUM +17% over the last fiscal year+4.4% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$6.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
44%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
+9.8%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$227M32%
  • High-net-worth individuals$130M18%
  • Investment companies$123M17%
  • Charitable organizations$79.1M11%
  • Individuals$78.4M11%
  • Pooled investment vehicles$68.8M9.7%
  • Pension and profit-sharing plans$6.2M0.9%
Individual clients
35reported
HNW clients
55reported
Pension plan clients
1reported
Charitable clients
14reported
Accounts
117reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.29 fund_share=0.27 institutional_share=0.44 related_bd=false related_bank=false bd_reps=0.0derived
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
    Joined, latest
    none on the tape
      Private funds
      18 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      E•••• G••••• L••• S••••••• F•••• L•no longer reportedHedge Fund$16.7M5Mar 30, 2012
      E•••• P••••••••• F•••• L•Hedge Fund$13.7M7Mar 30, 2012
      E•••• E•••••••• L••••••••• F•••• L••Hedge Fund$12.8M2Mar 24, 2014
      E•••• M•••• C•• G••••• F•••• L••Hedge Fund$7.4M8Mar 30, 2012
      E•••• C•••••• C••••• F•••• L••no longer reportedHedge Fund$4.9M5Mar 30, 2012
      E•••• L••• S•••• F•••• L••no longer reportedHedge Fund$3.7M2Mar 30, 2012
      E•••• N•••••• R•••••••• F•••• L••no longer reportedHedge Fund$3.7M2Mar 30, 2012
      E•••• F••••••• F•••• L•no longer reportedHedge Fund$2.3M5Mar 30, 2012
      E•••• U••• E••••• R••••••••• F•••• L••no longer reportedHedge Fund$1.8M2Mar 24, 2014
      E•••• C••••••••• G••••• F••• L•• L••no longer reportedHedge Fund$1.7M3Mar 30, 2012
      E•••• S•••• F•••• L••no longer reportedHedge Fund$1.3M3Mar 30, 2012
      E•••• G••• L••• S•••• F•••• L••no longer reportedHedge Fund$1.3M2Mar 29, 2018
      E•••• P•••••• P•••••••• F••• I••••• L•no longer reportedHedge Fund$912,86896Mar 30, 2012
      E•••• A•••• F•••• A• S••• S••••• O• E•••• Q•••••••• P••••••••• F•••• L••no longer reportedHedge Fund$430,5283Mar 30, 2012
      E•••• P•••••• P•••••••• F••• I••••• L•no longer reportedHedge Fund$168,90459Mar 30, 2012
      E•••• I••••• • G••••• F•••• L••no longer reportedHedge Fund$29,8022Mar 30, 2012
      E•••• V••••• F•••• L••no longer reportedHedge Fund$16,1251Mar 30, 2012
      E•••• G••••• E••••••• G••••• F•••no longer reportedHedge Fund$13Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • M•••••••• M••••••• S•••••• · Cco/Coo/Managing Membercontrol
        since 10/2012 · owns less than 5%
      • M••••• J•••••• C••••••• · Chairman & Managing Membercontrol
        since 10/2012 · owns 25% to 50%
      • P••••• N••••• B••• · Co-Ceo & Managing Membercontrol
        since 03/2015 · owns 10% to 25%
      • U••• R•••••• J••••• · Co-Ceo & Managing Membercontrol
        since 03/2015 · owns less than 5%
      • C••••••• M•••••• P••••• · Ownercontrol
        since 02/2015 · owns 75% or more of C•••••• L••
      • G•••••• E••••••••• F•••• · Ownercontrol
        since 02/2015 · owns 75% or more of L••••• I••••••••• L••
      • M•••••••• M••••••• S•••••• · Ownercontrol
        since 02/2015 · owns 75% or more of D••••• M•••• L••
      • P•••• W••••••• H••• · Ownercontrol
        since 02/2015 · owns 75% or more of B•••• M••••••• I••••••••• L••
      • U••• R•••••• J••••• · Ownercontrol
        since 02/2015 · owns 75% or more of H••••••••• I••••••••• L••
      • M••••••••• A••••••••• G••••• · Research Analyst, Non-Managing Member
        since 02/2015 · owns 5% to 10%
      • S••••• S••••••• N•• · Senior Portfolio Manager & Non-Managing Member
        since 03/2015 · owns 5% to 10%
      Entity owners
      • B•••• M••••••• I••••••••• L•• · Non-Managing Member
        direct · owns 5% to 10%
      • C•••••• L•• · Non-Managing Member
        direct · owns 5% to 10%
      • D••••• M•••• L•• · Non-Managing Member
        direct · owns 5% to 10%
      • H••••••••• I••••••••• L•• · Non-Managing Member
        direct · owns 10% to 25%
      • L••••• I••••••••• L•• · Non-Managing Member
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      • Evanston, IL5 employees
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • business activity c•••••dChange between filings · filing Mar 30, 2026
        advises private funds (Item 7.B): yes on the filing of 2025-08-01, no on the filing of 2026-03-30
        peers: independent wealth managers, $500M to $1B (1,482)
      • custody status c•••••dChange between filings · filing Mar 30, 2026
        custody of client assets (Item 9.A): yes on the filing of 2025-08-01, no on the filing of 2026-03-30
        peers: independent wealth managers, $500M to $1B (1,482)
      What changed
      consecutive filings, newest first
      • Accounts · 124 to 117
        Aug 1, 2025 to Mar 30, 2026
      • Advisory employees · 8 to 9
        Aug 1, 2025 to Mar 30, 2026
      • Charity clients · 13 to 14
        Aug 1, 2025 to Mar 30, 2026
      • Corporate clients · 1.0 to unset
        Aug 1, 2025 to Mar 30, 2026
      • HNW clients · 41 to 55
        Aug 1, 2025 to Mar 30, 2026
      • Individual clients · 41 to 35
        Aug 1, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 3 to 2
        Aug 1, 2025 to Mar 30, 2026
      • Assets in custody · 10856778.0 to unset
        Aug 1, 2025 to Mar 30, 2026
      • Custody of client assets · true to false
        Aug 1, 2025 to Mar 30, 2026
      • Employees · 12 to 13
        Aug 1, 2025 to Mar 30, 2026
      • Private funds · 1 to unset
        Aug 1, 2025 to Mar 30, 2026
      • Discretionary RAUM · $610M to $713M
        Aug 1, 2025 to Mar 30, 2026
      • HNW RAUM · $105M to $130M
        Aug 1, 2025 to Mar 30, 2026
      • Individual RAUM · $73.3M to $78.4M
        Aug 1, 2025 to Mar 30, 2026
      • Pension RAUM · $4.8M to $6.2M
        Aug 1, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $53.1M to $68.8M
        Aug 1, 2025 to Mar 30, 2026
      • RAUM · $610M to $713M
        Aug 1, 2025 to Mar 30, 2026
      • Accounts · 148 to 124
        Apr 24, 2024 to Mar 28, 2025
      • Advisory employees · 9 to 8
        Apr 24, 2024 to Mar 28, 2025
      • Advisory activities · 5 to 4
        Apr 24, 2024 to Mar 28, 2025
      • Charity clients · 20 to 13
        Apr 24, 2024 to Mar 28, 2025
      • HNW clients · 60 to 41
        Apr 24, 2024 to Mar 28, 2025
      • Individual clients · 46 to 41
        Apr 24, 2024 to Mar 28, 2025
      • Pension plan clients · 2 to 1
        Apr 24, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 6 to 3
        Apr 24, 2024 to Mar 28, 2025
      • Assets in custody · $33.9M to $10.9M
        Apr 24, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Apr 24, 2024 to Mar 28, 2025
      • Private funds · 2 to 1
        Apr 24, 2024 to Mar 28, 2025
      • Discretionary RAUM · $610M to $610M
        Apr 24, 2024 to Mar 28, 2025
      • HNW RAUM · $108M to $105M
        Apr 24, 2024 to Mar 28, 2025
      • Individual RAUM · $69.5M to $73.3M
        Apr 24, 2024 to Mar 28, 2025
      • Non-discretionary RAUM · $16.9M to $0
        Apr 24, 2024 to Mar 28, 2025
      • Pension RAUM · $4.1M to $4.8M
        Apr 24, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $69.1M to $53.1M
        Apr 24, 2024 to Mar 28, 2025
      • RAUM · $627M to $610M
        Apr 24, 2024 to Mar 28, 2025
      • Accounts · 168 to 148
        Dec 7, 2023 to Mar 29, 2024
      • Advisory employees · 10 to 9
        Dec 7, 2023 to Mar 29, 2024
      • Charity clients · 21 to 20
        Dec 7, 2023 to Mar 29, 2024
      • HNW clients · 77 to 60
        Dec 7, 2023 to Mar 29, 2024
      • Individual clients · 45 to 46
        Dec 7, 2023 to Mar 29, 2024
      Signals
      8 dated events
      • E•••• I••••••••• M••••••••• C••••••• L•• reported RAUM $627.1M, down 26% from $845.3M (2022-03-31 to 2023-03-31)
        Mar 31, 2023 · ria raum c••••• · derived
      • Hurd William Page (Owner) appeared on Schedule A of E•••• I••••••••• M••••••••• C••••••• L••
        Mar 31, 2023 · Control person joined · fact
      • D S•••••• C••••• (President And Managing Member) no longer on Schedule A of E•••• I••••••••• M••••••••• C••••••• L•• (listed 2020-06-30, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Armour Alexander Forse (Owner) no longer on Schedule A of E•••• I••••••••• M••••••••• C••••••• L•• (listed 2020-06-30, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Pierce Martin Cournan (Owner) appeared on Schedule A of E•••• I••••••••• M••••••••• C••••••• L••
        Mar 15, 2019 · Control person joined · fact
      • F•••• E•••••••• G••••• (Owner) appeared on Schedule A of E•••• I••••••••• M••••••••• C••••••• L••
        Mar 15, 2019 · Control person joined · fact
      • Armour Alexander Forse (Owner) appeared on Schedule A of E•••• I••••••••• M••••••••• C••••••• L••
        Mar 15, 2019 · Control person joined · fact
      • E•••• I••••••••• M••••••••• C••••••• L•• reported RAUM $774.4M, up 26% from $616.6M (2017-05-24 to 2018-03-29)
        Mar 29, 2018 · ria raum c••••• · derived
      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
      617-342-3200reportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      617-342-3280reportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      847-563-5600reportedpublished by the firm, firm site, Sep 16, 2026
      Firm profile
      LINKEDIN.COM/COMPANY/E••••-INVESTMENT-MANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
      Website
      E••••INVEST.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      617-342-3200reportedpublic record, Form ADV, Mar 30, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026