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

B••••• L••• A•••• M••••••••• I•••

Independent wealth managerPawling, New YorkCRD 111114SEC 801-57773websiteIAPD
Latest filing Jan 28, 2026
First filing on the tape Mar 30, 2012 · 24 filings
SEC status approved since Jul 1, 2000
RAUM
$344M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
80%
$274M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$115M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$344M as of Jan 28, 2026
Mar 30, 2012$145M then
HNW client RAUM$266M as of Jan 28, 2026
Mar 19, 2018$188M then
State-registered IARs (5.B.3)3 as of Jan 28, 2026
Mar 30, 20120 then
Employees (5.A)4 as of Jan 28, 2026
Apr 1, 20134 then
Private funds: no history
RAUM +13% over the last fiscal year+10% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jan 28, 2026; every figure names its basis
RAUM per advisor
$115MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
26derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.1MderivedHNW RAUM over HNW clients
Average account
$2.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
20%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
0.6derived5 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.0%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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$266M77%
  • Charitable organizations$63.5M18%
  • Individuals$8.0M2.3%
  • State and municipal entities$6.5M1.9%
Individual clients
26reported
HNW clients
52reported
Pension plan clients
n/areported
Charitable clients
5reported
Accounts
167reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.8 fund_share=0.0 institutional_share=0.2 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D••••• W••••••• B•••••Pawling, NyMay 21, 202135 y0
J••• J••••• L•••Chartered Financial AnalystMontclaire, NjNov 1, 202134 y0
K•••• A••••• S••••••Pawling, Ny May 16, 202415 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••• D•••••• W••••••• · President, Chairman, Treasurercontrol
        since 07/2014 · owns 75% or more
      • L•••• J•••• J••••• · Chief Compliance Officer, Secretary, Portfolio Manager
        since 07/2014 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Pawling, Ny · principal200
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 173 to 167
        Dec 8, 2025 to Jan 28, 2026
      • HNW clients · 49 to 52
        Dec 8, 2025 to Jan 28, 2026
      • Discretionary RAUM · $301M to $342M
        Dec 8, 2025 to Jan 28, 2026
      • HNW RAUM · $229M to $266M
        Dec 8, 2025 to Jan 28, 2026
      • Individual RAUM · $10.6M to $8.0M
        Dec 8, 2025 to Jan 28, 2026
      • Non-discretionary RAUM · $2.0M to $2.3M
        Dec 8, 2025 to Jan 28, 2026
      • RAUM · $303M to $344M
        Dec 8, 2025 to Jan 28, 2026
      • Accounts · 182 to 173
        Oct 9, 2024 to Feb 5, 2025
      • Advisory employees · 2 to 3
        Oct 9, 2024 to Feb 5, 2025
      • HNW clients · 48 to 49
        Oct 9, 2024 to Feb 5, 2025
      • Individual clients · 29 to 26
        Oct 9, 2024 to Feb 5, 2025
      • Employees · 5 to 4
        Oct 9, 2024 to Feb 5, 2025
      • Financial planning clients · unset to
        Oct 9, 2024 to Feb 5, 2025
      • State-registered IARs · 2 to 3
        Oct 9, 2024 to Feb 5, 2025
      • Other offices · 1 to 4
        Oct 9, 2024 to Feb 5, 2025
      • Discretionary RAUM · $283M to $301M
        Oct 9, 2024 to Feb 5, 2025
      • HNW RAUM · $213M to $229M
        Oct 9, 2024 to Feb 5, 2025
      • Individual RAUM · $12.0M to $10.6M
        Oct 9, 2024 to Feb 5, 2025
      • Non-discretionary RAUM · $2.0M to $2.0M
        Oct 9, 2024 to Feb 5, 2025
      • RAUM · $285M to $303M
        Oct 9, 2024 to Feb 5, 2025
      • Accounts · 178 to 182
        Mar 6, 2023 to Feb 7, 2024
      • HNW clients · 51 to 48
        Mar 6, 2023 to Feb 7, 2024
      • Individual clients · 28 to 29
        Mar 6, 2023 to Feb 7, 2024
      • Employees · 4 to 5
        Mar 6, 2023 to Feb 7, 2024
      • Discretionary RAUM · $254M to $283M
        Mar 6, 2023 to Feb 7, 2024
      • HNW RAUM · $202M to $213M
        Mar 6, 2023 to Feb 7, 2024
      • Individual RAUM · $9.5M to $12.0M
        Mar 6, 2023 to Feb 7, 2024
      • Non-discretionary RAUM · $2.0M to $2.0M
        Mar 6, 2023 to Feb 7, 2024
      • RAUM · $256M to $285M
        Mar 6, 2023 to Feb 7, 2024
      • Accounts · 181 to 178
        Feb 16, 2022 to Mar 6, 2023
      • HNW clients · 57 to 51
        Feb 16, 2022 to Mar 6, 2023
      • Individual clients · 22 to 28
        Feb 16, 2022 to Mar 6, 2023
      • Discretionary RAUM · $389M to $254M
        Feb 16, 2022 to Mar 6, 2023
      • HNW RAUM · $314M to $202M
        Feb 16, 2022 to Mar 6, 2023
      • Individual RAUM · $8.8M to $9.5M
        Feb 16, 2022 to Mar 6, 2023
      • Non-discretionary RAUM · $1.2M to $2.0M
        Feb 16, 2022 to Mar 6, 2023
      • RAUM · $390M to $256M
        Feb 16, 2022 to Mar 6, 2023
      • Accounts · 189 to 181
        Mar 8, 2021 to Feb 16, 2022
      • HNW clients · 54 to 57
        Mar 8, 2021 to Feb 16, 2022
      • Individual clients · 27 to 22
        Mar 8, 2021 to Feb 16, 2022
      Signals
      1 dated events
      • B••••• L••• A•••• M••••••••• I••• reported RAUM $256.4M, down 34% from $389.9M (2022-02-16 to 2023-03-06)
        Mar 6, 2023 · 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.
      How to reach
      public business contact points only, each with its source
      Business phone
      845-855-1590reportedpublished by the firm, firm site, Sep 15, 2026
      Business phone
      973-746-7981reportedpublished by the firm, firm site, Sep 15, 2026
      Website
      B•••••L•••.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      845-855-1590reportedpublic record, Form ADV, Jan 28, 2026
      Contact form
      b•••••••••.comreportedpublished by the firm, firm site, Sep 15, 2026
      Team page
      b•••••••••.comreportedpublished by the firm, firm site, Sep 15, 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
      Independent wealth managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $115Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026