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•••••••• F••••••••

Former SEC-registered adviserWestport, ConnecticutCRD 110361SEC 801-60134websiteIAPD
Legal name N•••••••• F•••••••• C••••••••• L••
Latest filing Sep 9, 2025
First filing on the tape Mar 16, 2012 · 22 filings
SEC status approved since Apr 3, 2001
RAUM
$4.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$4.6B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$4.6B as of Sep 9, 2025
Mar 16, 2012$2.4B then
HNW client RAUM$4.6B as of Sep 9, 2025
Mar 29, 2018$2.8B then
State-registered IARs (5.B.3)2 as of Sep 9, 2025
Mar 16, 20120 then
Employees (5.A)8 as of Sep 9, 2025
Apr 1, 20134 then
Private funds: no history
RAUM +11% over the last fiscal year+0.5% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Sep 9, 2025; every figure names its basis
RAUM per advisor
$2.3BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
146derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$18.9MderivedHNW RAUM over HNW clients
Average account
$2.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.4%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Custody
$1.2B, 128 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • 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$4.6B99%
  • Individuals$34.1M0.7%
Individual clients
51reported
HNW clients
241reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,596reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$1.2B for 128 clientsreported
Compensation
% of AUM, fixedreported
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
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 days3 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • D••••• C••••••••• L•• · Vice President, Treasurercontrol
      since 11/2020 · owns less than 5%
    • D••••• E•••••• B•••• · President, Manager,control
      since 02/2020 · owns less than 5%
    • R•••••• P••••••• S••• · Chief Compliance Officer; Secretary; Vpcontrol
      since 10/2020 · owns less than 5%
    Entity owners
    • N•• H•••••••• I•• · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    • G•••• D••••••••• S••
      insurancen
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Westport, Ct · principal003
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Related adviser · false to true
      Mar 28, 2025 to Sep 9, 2025
    • Accounts · 1,537 to 1,596
      Mar 28, 2024 to Mar 28, 2025
    • HNW clients · 233 to 241
      Mar 28, 2024 to Mar 28, 2025
    • Individual clients · 34 to 51
      Mar 28, 2024 to Mar 28, 2025
    • Assets in custody · $1.1B to $1.2B
      Mar 28, 2024 to Mar 28, 2025
    • Financial planning clients · 251-500 to 251-500
      Mar 28, 2024 to Mar 28, 2025
    • Discretionary RAUM · $4.1B to $4.6B
      Mar 28, 2024 to Mar 28, 2025
    • HNW RAUM · $4.1B to $4.6B
      Mar 28, 2024 to Mar 28, 2025
    • Individual RAUM · $15.6M to $34.1M
      Mar 28, 2024 to Mar 28, 2025
    • Non-discretionary RAUM · $8.4M to $4.5M
      Mar 28, 2024 to Mar 28, 2025
    • RAUM · $4.1B to $4.6B
      Mar 28, 2024 to Mar 28, 2025
    • Accounts · 1,557 to 1,537
      Jun 8, 2023 to Mar 28, 2024
    • HNW clients · 239 to 233
      Jun 8, 2023 to Mar 28, 2024
    • Individual clients · 25 to 34
      Jun 8, 2023 to Mar 28, 2024
    • Assets in custody · $967M to $1.1B
      Jun 8, 2023 to Mar 28, 2024
    • Discretionary RAUM · $3.7B to $4.1B
      Jun 8, 2023 to Mar 28, 2024
    • HNW RAUM · $3.7B to $4.1B
      Jun 8, 2023 to Mar 28, 2024
    • Individual RAUM · $8.8M to $15.6M
      Jun 8, 2023 to Mar 28, 2024
    • Non-discretionary RAUM · $16.7M to $8.4M
      Jun 8, 2023 to Mar 28, 2024
    • RAUM · $3.7B to $4.1B
      Jun 8, 2023 to Mar 28, 2024
    • Accounts · 1,527 to 1,557
      Mar 29, 2022 to Mar 30, 2023
    • HNW clients · 176 to 239
      Mar 29, 2022 to Mar 30, 2023
    • Individual clients · 70 to 25
      Mar 29, 2022 to Mar 30, 2023
    • Assets in custody · $1.2B to $967M
      Mar 29, 2022 to Mar 30, 2023
    • Financial planning clients · 101-250 to 251-500
      Mar 29, 2022 to Mar 30, 2023
    • Discretionary RAUM · $4.5B to $3.7B
      Mar 29, 2022 to Mar 30, 2023
    • HNW RAUM · $4.5B to $3.7B
      Mar 29, 2022 to Mar 30, 2023
    • Individual RAUM · $54.4M to $8.8M
      Mar 29, 2022 to Mar 30, 2023
    • Non-discretionary RAUM · $30.9M to $16.7M
      Mar 29, 2022 to Mar 30, 2023
    • RAUM · $4.5B to $3.7B
      Mar 29, 2022 to Mar 30, 2023
    • Accounts · 1,404 to 1,527
      Aug 16, 2021 to Mar 29, 2022
    • HNW clients · 168 to 176
      Aug 16, 2021 to Mar 29, 2022
    • Individual clients · 65 to 70
      Aug 16, 2021 to Mar 29, 2022
    • Assets in custody · $3.1B to $1.2B
      Aug 16, 2021 to Mar 29, 2022
    • Discretionary RAUM · $3.8B to $4.5B
      Aug 16, 2021 to Mar 29, 2022
    • HNW RAUM · $3.8B to $4.5B
      Aug 16, 2021 to Mar 29, 2022
    • Individual RAUM · $52.5M to $54.4M
      Aug 16, 2021 to Mar 29, 2022
    • Non-discretionary RAUM · $32.0M to $30.9M
      Aug 16, 2021 to Mar 29, 2022
    • RAUM · $3.8B to $4.5B
      Aug 16, 2021 to Mar 29, 2022
    • Accounts · 1,327 to 1,404
      Jun 30, 2020 to Mar 30, 2021
    Signals
    6 dated events
    • N•••••••• F•••••••• no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $4.6B)
      Feb 2, 2026 · Left the SEC roster · derived
    • S•••• G••••• P••••• left N•••••••• F•••••••• for C•••••• (registered 2025-09-09)
      Oct 6, 2025 · Advisor changed firm · fact
    • F•••• D••••••• R••••••• left N•••••••• F•••••••• for C•••••• (registered 2025-09-09)
      Oct 6, 2025 · Advisor changed firm · fact
    • E••••• B•••• D•••• left N•••••••• F•••••••• for C•••••• (registered 2025-09-09)
      Oct 6, 2025 · Advisor changed firm · fact
    • N•••••••• F••••••••'s advisors moved to C•••••• (Westport, CT): 3 of 3 registered, on the same day
      Oct 6, 2025 · Firm absorbed (people side) · derived
    • N•••••••• F•••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Jun 30, 2020 · Succession (Item 4) · fact
    Across DFX
    shared identifiers only, never a name match
    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