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••••• T•••• W••••• I•••

Asset manager (funds and pooled vehicles)B•••••, MassachusettsCRD 111266SEC 801-60136websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 20 filings
SEC status approved since Apr 11, 2001
RAUM
$4.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
32
19 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$4.6B as of Mar 31, 2026
Mar 30, 2012$1.3B then
HNW client RAUM$0 as of Mar 31, 2026
Mar 29, 2018$10.0M then
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20120 then
Employees (5.A)32 as of Mar 31, 2026
Apr 1, 201314 then
Private funds: no history
RAUM -11% over the last fiscal year+4.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
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
unknownderivedHNW RAUM over HNW clients
Average account
$306MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
8.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-11%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for investment companies, otherreportedItem 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
  • Investment companies$3.9B91%
  • Sovereign wealth funds$227M5.3%
  • State and municipal entities$159M3.7%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
15reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.86 institutional_share=0.08 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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B•••••• T•••••• J••• · Chief Compliance Officercontrol
        since 06/2018 · owns less than 5%
      • E••••• J•••••••• A•• · Chief Financial Officercontrol
        since 01/2012 · owns less than 5%
      • K••••• A••• C••••••• · Directorcontrol
        since 06/2020 · owns less than 5%
      • P•••••• K••••••• L•• · Directorcontrol
        since 03/2022 · owns less than 5%
      • S••••••• D••••• A•••• · Directorcontrol
        since 01/2017 · owns less than 5%
      • S••••••• L••••• B••••• · Director/Presidentcontrol
        since 01/2001 · owns less than 5%
      • V••••• H••••• H••••• · Directorcontrol
        since 09/2021 · owns less than 5%
      • A••••••• S••••••• J•••• · Directorcontrol
        since 01/2011 · owns F of B••••• T•••• W••••• C••••••
      • C••••••••• D•••••• · Directorcontrol
        since 08/2004 · owns F of B••••• T•••• W••••• C••••••
      • G••••• K•••••••• D•••• · Directorcontrol
        since 06/2015 · owns F of B••••• T•••• W••••• C••••••
      • K••••• S••••• T•••••• · Directorcontrol
        since 04/2020 · owns F of B••••• T•••• W••••• C••••••
      • O••••••••• J••••• T• · Directorcontrol
        since 12/2022 · owns F of B••••• T•••• W••••• C••••••
      • S••••• K••••••• P•••• · Directorcontrol
        since 01/2011 · owns F of B••••• T•••• W••••• C••••••
      • V••••• H••••• H••••• · Directorcontrol
        since 01/2018 · owns F of B••••• T•••• W••••• C••••••
      • W•••••••• R••••••• Q•••••• · Directorcontrol
        since 01/2020 · owns F of B••••• T•••• W••••• C••••••
      Entity owners
      • B••••• T•••• W••••• C•••••• · Corporation
        direct · owns 75% or more
      • B••••• T•••• W••••• C••••••••• · Shareholder
        indirect · owns 75% or more of B••••• T•••• W••••• C••••••
      Related persons
      Schedule D 7.A
      • B••••• T•••• W••••• C••••••
        y
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 20 to 19
        Jan 29, 2026 to Mar 31, 2026
      • Employees · 33 to 32
        Jan 29, 2026 to Mar 31, 2026
      • Discretionary RAUM · $5.1B to $4.6B
        Jan 29, 2026 to Mar 31, 2026
      • RAUM · $5.1B to $4.6B
        Jan 29, 2026 to Mar 31, 2026
      • Advisory employees · 19 to 20
        Mar 28, 2024 to Mar 31, 2025
      • Employees · 32 to 33
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $4.8B to $5.1B
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $4.8B to $5.1B
        Mar 28, 2024 to Mar 31, 2025
      • Advisory employees · 17 to 19
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 31 to 32
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $4.0B to $4.8B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $4.0B to $4.8B
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 28 to 31
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $4.3B to $4.0B
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $4.3B to $4.0B
        Mar 31, 2022 to Mar 31, 2023
      • Accounts · 14 to 15
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 18 to 17
        Mar 31, 2021 to Mar 31, 2022
      • Employees · 30 to 28
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $2.8B to $4.3B
        Mar 31, 2021 to Mar 31, 2022
      • RAUM · $2.8B to $4.3B
        Mar 31, 2021 to Mar 31, 2022
      • Accounts · 15 to 14
        Mar 31, 2020 to Mar 31, 2021
      • Advisory employees · 15 to 18
        Mar 31, 2020 to Mar 31, 2021
      • Employees · 28 to 30
        Mar 31, 2020 to Mar 31, 2021
      • Discretionary RAUM · $2.4B to $2.8B
        Mar 31, 2020 to Mar 31, 2021
      • RAUM · $2.4B to $2.8B
        Mar 31, 2020 to Mar 31, 2021
      • Accounts · 16 to 15
        Sep 4, 2019 to Mar 31, 2020
      • Advisory employees · 12 to 15
        Sep 4, 2019 to Mar 31, 2020
      • Advisory activities · 4 to 3
        Sep 4, 2019 to Mar 31, 2020
      • Business name · B••••• T•••• I••••••••• M••••••••• I••• to B••••• T•••• W••••• I•••
        Sep 4, 2019 to Mar 31, 2020
      • HNW clients · 1 to 0
        Sep 4, 2019 to Mar 31, 2020
      • Employees · 25 to 28
        Sep 4, 2019 to Mar 31, 2020
      • Legal name · B••••• T•••• I••••••••• M••••••••• I••• to B••••• T•••• W••••• I•••
        Sep 4, 2019 to Mar 31, 2020
      • Discretionary RAUM · $1.8B to $2.4B
        Sep 4, 2019 to Mar 31, 2020
      • HNW RAUM · $9.7M to $0
        Sep 4, 2019 to Mar 31, 2020
      • RAUM · $1.8B to $2.4B
        Sep 4, 2019 to Mar 31, 2020
      • Accounts · 15 to 16
        Aug 2, 2018 to Mar 29, 2019
      • Discretionary RAUM · $2.0B to $1.8B
        Aug 2, 2018 to Mar 29, 2019
      • HNW RAUM · $10.0M to $9.7M
        Aug 2, 2018 to Mar 29, 2019
      • RAUM · $2.0B to $1.8B
        Aug 2, 2018 to Mar 29, 2019
      Signals
      13 dated events
      • T Jason O'Connell (Director) appeared on Schedule A of B••••• T•••• W••••• I•••
        Mar 31, 2023 · Control person joined · fact
      • H••••• William Apfel (Director) no longer on Schedule A of B••••• T•••• W••••• I••• (listed 2022-03-31, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Lee Katrina Pelsue (Director) appeared on Schedule A of B••••• T•••• W••••• I•••
        Mar 31, 2022 · Control person joined · fact
      • B••••• T•••• W••••• I••• reported RAUM $4.3B, up 52% from $2.8B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Quiller Richard Williams (Director) appeared on Schedule A of B••••• T•••• W••••• I•••
        Mar 31, 2021 · Control person joined · fact
      • C••••••• Amy K•••• (Director) appeared on Schedule A of B••••• T•••• W••••• I•••
        Mar 31, 2021 · Control person joined · fact
      • Therese Sarah Kelly (Director) appeared on Schedule A of B••••• T•••• W••••• I•••
        Mar 31, 2021 · Control person joined · fact
      • Elliott Mark Cushing (Director) no longer on Schedule A of B••••• T•••• W••••• I••• (listed 2020-03-31, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Thomas Russell Gentry (Director) no longer on Schedule A of B••••• T•••• W••••• I••• (listed 2020-03-31, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Maria Belinda Cavazos (Director) no longer on Schedule A of B••••• T•••• W••••• I••• (listed 2019-09-04, absent 2020-03-31)
        Mar 31, 2020 · Control person left · inference
      • B••••• T•••• W••••• I••• reported RAUM $2.4B, up 31% from $1.8B (2019-09-04 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • Ann H•••• Soumerai (Director) no longer on Schedule A of B••••• T•••• W••••• I••• (listed 2019-03-29, absent 2019-09-04)
        Sep 4, 2019 · Control person left · inference
      • Maria Belinda Cavazos (Director) appeared on Schedule A of B••••• T•••• W••••• I•••
        Sep 4, 2019 · 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.
      How to reach
      public business contact points only, each with its source
      Website
      b•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      617-726-7250reportedpublic record, Form ADV, Mar 31, 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
      Asset manager (funds and pooled vehicles)deriveda 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