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.

Former SEC-registered adviser

Capital Formation Group, Inc.

Former SEC-registered adviserWellesley, MassachusettsCRD 110958SEC 801-24315IAPD
Latest filing Mar 30, 2020
First filing on the tape Mar 30, 2012 · 11 filings
RAUM
$2.0M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$2.0M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$142M as of Mar 29, 2019
Mar 30, 2012$134M then
HNW client RAUM$129M as of Mar 29, 2019
Mar 30, 2018$142M then
State-registered IARs (5.B.3)4 as of Mar 29, 2019
Mar 30, 20120 then
Employees (5.A)8 as of Mar 29, 2019
Mar 28, 20138 then
Private funds: no history
RAUM -99% over the last fiscal year-78% a year over threeIARs 3 to 2offices 2 to 1
Practice profile
derived from the filing of Mar 30, 2020; every figure names its basis
RAUM per advisor
$1.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
1.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-6.7%derivedbetween the last two annual amendments
Advisor growth, one year
+33%derivedItem 5.B.3 between annual amendments
Client growth, one year
-1.4%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 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
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • 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$2.0M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
Left, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Michael William Doran · Vice Chairmancontrol
    since 03/2016 · owns 25% to 50%
  • D James Lee · Chief Compliance Officercontrol
    since 07/2011 · owns less than 5%
  • David John Williams · Founder & Chief Executive Officercontrol
    since 08/1986 · owns 50% to 75%
  • Joseph Michael Toomey · Retired Shareholder
    since 05/2009 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
  • New York, NY2 employees
What changed
consecutive filings, newest first
  • Accounts · 242 to 2
    Mar 29, 2019 to Mar 30, 2020
  • Advisory employees · 4 to 2
    Mar 29, 2019 to Mar 30, 2020
  • BD registered reps · 4 to 2
    Mar 29, 2019 to Mar 30, 2020
  • HNW clients · 77.0 to unset
    Mar 29, 2019 to Mar 30, 2020
  • Individual clients · 60.0 to unset
    Mar 29, 2019 to Mar 30, 2020
  • Employees · 8 to 5
    Mar 29, 2019 to Mar 30, 2020
  • State-registered IARs · 4 to 2
    Mar 29, 2019 to Mar 30, 2020
  • Other offices · 2 to 1
    Mar 29, 2019 to Mar 30, 2020
  • Discretionary RAUM · $106M to $2.0M
    Mar 29, 2019 to Mar 30, 2020
  • HNW RAUM · $129M to $2.0M
    Mar 29, 2019 to Mar 30, 2020
  • Individual RAUM · 12765994.0 to unset
    Mar 29, 2019 to Mar 30, 2020
  • Non-discretionary RAUM · $36.1M to $0
    Mar 29, 2019 to Mar 30, 2020
  • RAUM · $142M to $2.0M
    Mar 29, 2019 to Mar 30, 2020
  • Accounts · 238 to 242
    Mar 30, 2018 to Mar 29, 2019
  • Advisory employees · 3 to 4
    Mar 30, 2018 to Mar 29, 2019
  • BD registered reps · 3 to 4
    Mar 30, 2018 to Mar 29, 2019
  • HNW clients · 82 to 77
    Mar 30, 2018 to Mar 29, 2019
  • Individual clients · 57 to 60
    Mar 30, 2018 to Mar 29, 2019
  • State-registered IARs · 3 to 4
    Mar 30, 2018 to Mar 29, 2019
  • Discretionary RAUM · $109M to $106M
    Mar 30, 2018 to Mar 29, 2019
  • HNW RAUM · $142M to $129M
    Mar 30, 2018 to Mar 29, 2019
  • Individual RAUM · $10.2M to $12.8M
    Mar 30, 2018 to Mar 29, 2019
  • Non-discretionary RAUM · $43.3M to $36.1M
    Mar 30, 2018 to Mar 29, 2019
  • RAUM · $152M to $142M
    Mar 30, 2018 to Mar 29, 2019
  • Accounts · 265 to 238
    Mar 30, 2017 to Mar 30, 2018
  • HNW clients · unset to 82.0
    Mar 30, 2017 to Mar 30, 2018
  • Individual clients · unset to 57.0
    Mar 30, 2017 to Mar 30, 2018
  • Employees · 6 to 8
    Mar 30, 2017 to Mar 30, 2018
  • Other offices · unset to 2.0
    Mar 30, 2017 to Mar 30, 2018
  • Discretionary RAUM · $108M to $109M
    Mar 30, 2017 to Mar 30, 2018
  • HNW RAUM · unset to 141945840.0
    Mar 30, 2017 to Mar 30, 2018
  • Individual RAUM · unset to 10150589.0
    Mar 30, 2017 to Mar 30, 2018
  • Non-discretionary RAUM · $38.0M to $43.3M
    Mar 30, 2017 to Mar 30, 2018
  • RAUM · $146M to $152M
    Mar 30, 2017 to Mar 30, 2018
  • Accounts · 280 to 265
    Mar 30, 2016 to Mar 30, 2017
  • Advisory employees · 4 to 3
    Mar 30, 2016 to Mar 30, 2017
  • BD registered reps · 4 to 3
    Mar 30, 2016 to Mar 30, 2017
  • Employees · 7 to 6
    Mar 30, 2016 to Mar 30, 2017
  • State-registered IARs · 4 to 3
    Mar 30, 2016 to Mar 30, 2017
  • Discretionary RAUM · $142M to $108M
    Mar 30, 2016 to Mar 30, 2017
Signals
1 dated events
  • Capital Formation Group, Inc. reported RAUM $2.0M, down 99% from $141.9M (2019-03-29 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
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