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•••••• F•••••••• G•••• L••

Independent wealth managerTroy, New YorkCRD 111824SEC 801-51979websiteIAPD
Latest filing Sep 4, 2026
First filing on the tape Mar 30, 2012 · 43 filings
SEC status approved since May 24, 1996
RAUM
$1.6B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
95%
$1.5B individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$146M
derived; firm RAUM over IAPD count
Employees
21
11 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$1.6B as of Mar 27, 2026
Mar 30, 2012$123M then
HNW client RAUM$1.2B as of Mar 27, 2026
Mar 14, 2018$264M then
State-registered IARs (5.B.3)11 as of Mar 27, 2026
Mar 30, 20120 then
Employees (5.A)21 as of Mar 27, 2026
Mar 19, 20135 then
Private funds: no history
RAUM +14% over the last fiscal year+25% a year over threeIARs 10 to 11offices 3 to 4
Practice profile
derived from the filing of Sep 4, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$146MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
108derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$478,273derivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
3.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
2.2derived5 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+10%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.0%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Custody
$508M, 459 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)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.2B78%
  • Individuals$281M17%
  • Pension and profit-sharing plans$49.9M3.1%
  • Corporations and businesses$24.0M1.5%
  • Charitable organizations$4.7M0.3%
Individual clients
707reported
HNW clients
483reported
Pension plan clients
19reported
Charitable clients
n/areported
Accounts
3,359reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$508M for 459 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.95 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M••••• X••••• S••••••Certified Financial PlannerTroy, Ny Jul 27, 202121 y4
H•••••• D••••• W•••••Certified Financial PlannerSaratoga Springs, Ny Jul 27, 202110 y0
P•••• C••••••••• L•••••••Certified Financial PlannerTroy, Ny Jul 30, 202110 y1
S••••• B•••••• B••••••Certified Financial PlannerTroy, NyAug 10, 202140 y2
D•••• W••••• C•••••Troy, NyNov 26, 202114 y0
R••• S••••• B••••••Certified Financial PlannerMedfield, Ma Jan 11, 202314 y2
V••••••• G••••••• T••••Certified Financial PlannerTroy, NyJan 17, 202313 y0
S••••••• B•••••• M••••Certified Financial PlannerTroy, Ny Aug 2, 202314 y0
J••• S••••• M•••••Troy, NyFeb 16, 202412 y0
S•••• P•••••• S•••••••••Certified Financial PlannerTroy, NyMay 7, 202412 y0
C•••••••• E•••••••• B•••Certified Financial PlannerTroy, NySep 10, 202410 y0
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B••••••• L•••••• A••• · Client Relationship Managercontrol
    since 09/2021 · owns 10% to 25%
  • B••••••• R•••• S••••• · Chief Strategic Officercontrol
    since 03/2025 · owns 10% to 25%
  • B••••••• S•••••• B•••••• · Presidentcontrol
    since 09/1995 · owns 50% to 75%
  • C•••••• D••••• W••••• · Chief Compliance Officer, Director Of Operations Chief Financial Officercontrol
    since 04/2021 · owns less than 5%
  • M•••••• J•••• S••••• · Chief Operating Officer, Chief Financial Officercontrol
    since 03/2022 · owns less than 5%
  • S••••••• M•••••• X••••• · Chief Wealth Advisorcontrol
    since 03/2022 · owns 10% to 25%
Related persons
Schedule D 7.A
  • B•• • C•• T•• S••••••• L••
    insurancen
  • B••••••• M••••• A•• S••••••• L••
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Troy, Ny · principal1100
Saratoga Springs, Ny300
Offices
Schedule D 1.F, the 25 largest
  • Saratoga Springs, NY7 employees
  • Medfield, MA1 employees
  • , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Sep 4, 2026
    B••••••• L•••••• A••• (CLIENT RELATIONSHIP MANAGER) appeared on Schedule A between the filings of 2022-03-24 and 2026-09-04
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Sep 4, 2026
    M•••••• J•••• S••••• (CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER) left Schedule A between the filings of 2022-03-24 and 2026-09-04
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Sep 4, 2026
    B••••••• R•••• S••••• (CHIEF STRATEGIC OFFICER) appeared on Schedule A between the filings of 2022-03-24 and 2026-09-04
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Business name · B•••••• F•••••••• G•••• L•• to B•••••• F•••••••• G••••• L•••
    Mar 27, 2026 to Sep 4, 2026
  • Financial planning clients · 251-500 to 251-500
    Mar 27, 2026 to Sep 4, 2026
  • Legal name · B•••••• F•••••••• G•••• L•• to B•••••• F•••••••• G••••• L•••
    Mar 27, 2026 to Sep 4, 2026
  • Succession · false to unset
    Mar 27, 2026 to Sep 4, 2026
  • Accounts · 3,157 to 3,359
    Jul 30, 2025 to Mar 27, 2026
  • Advisory employees · 10 to 11
    Jul 30, 2025 to Mar 27, 2026
  • HNW clients · 408 to 483
    Jul 30, 2025 to Mar 27, 2026
  • Individual clients · 736 to 707
    Jul 30, 2025 to Mar 27, 2026
  • Pension plan clients · 21 to 19
    Jul 30, 2025 to Mar 27, 2026
  • Assets in custody · $435M to $508M
    Jul 30, 2025 to Mar 27, 2026
  • Employees · 18 to 21
    Jul 30, 2025 to Mar 27, 2026
  • State-registered IARs · 10 to 11
    Jul 30, 2025 to Mar 27, 2026
  • Other offices · 3 to 4
    Jul 30, 2025 to Mar 27, 2026
  • Discretionary RAUM · $1.4B to $1.6B
    Jul 30, 2025 to Mar 27, 2026
  • HNW RAUM · $1.0B to $1.2B
    Jul 30, 2025 to Mar 27, 2026
  • Individual RAUM · $293M to $281M
    Jul 30, 2025 to Mar 27, 2026
  • Non-discretionary RAUM · $29.3M to $32.7M
    Jul 30, 2025 to Mar 27, 2026
  • Pension RAUM · $53.1M to $49.9M
    Jul 30, 2025 to Mar 27, 2026
  • RAUM · $1.4B to $1.6B
    Jul 30, 2025 to Mar 27, 2026
  • Financial planning clients · 251-500 to 251-500
    Apr 7, 2025 to Jul 30, 2025
  • Accounts · 2,879 to 3,157
    Aug 9, 2024 to Apr 7, 2025
  • Advisory employees · 19 to 10
    Aug 9, 2024 to Apr 7, 2025
  • Corporate clients · unset to 16.0
    Aug 9, 2024 to Apr 7, 2025
  • HNW clients · 336 to 408
    Aug 9, 2024 to Apr 7, 2025
  • Individual clients · 735 to 736
    Aug 9, 2024 to Apr 7, 2025
  • Pension plan clients · 27 to 21
    Aug 9, 2024 to Apr 7, 2025
  • Assets in custody · $65.0M to $435M
    Aug 9, 2024 to Apr 7, 2025
  • Employees · 19 to 18
    Aug 9, 2024 to Apr 7, 2025
  • Financial planning clients · 101-250 to 251-500
    Aug 9, 2024 to Apr 7, 2025
  • State-registered IARs · 11 to 10
    Aug 9, 2024 to Apr 7, 2025
  • Discretionary RAUM · $1.2B to $1.4B
    Aug 9, 2024 to Apr 7, 2025
  • HNW RAUM · $800M to $1.0B
    Aug 9, 2024 to Apr 7, 2025
  • Individual RAUM · $286M to $293M
    Aug 9, 2024 to Apr 7, 2025
  • Non-discretionary RAUM · $9.6M to $29.3M
    Aug 9, 2024 to Apr 7, 2025
  • Pension RAUM · $68.1M to $53.1M
    Aug 9, 2024 to Apr 7, 2025
  • RAUM · $1.2B to $1.4B
    Aug 9, 2024 to Apr 7, 2025
  • Accounts · 2,423 to 2,879
    Sep 14, 2023 to Mar 22, 2024
  • Advisory employees · 12 to 19
    Sep 14, 2023 to Mar 22, 2024
  • HNW clients · 224 to 336
    Sep 14, 2023 to Mar 22, 2024
  • Individual clients · 709 to 735
    Sep 14, 2023 to Mar 22, 2024
Signals
8 dated events
  • B•••••• F•••••••• G•••• L•• reported RAUM $1.2B, up 40% from $830.8M (2023-09-14 to 2024-03-22)
    Mar 22, 2024 · RAUM change · derived
  • B•••••• F•••••••• G•••• L•• reported RAUM $980.7M, up 34% from $732.7M (2021-12-01 to 2022-03-24)
    Mar 24, 2022 · RAUM change · derived
  • John Millet (Chief Operating Officer, Chief Financial Officer) appeared on Schedule A of B•••••• F•••••••• G•••• L••
    Mar 24, 2022 · Control person joined · fact
  • S Ryan Bouchey (Vice President) no longer on Schedule A of B•••••• F•••••••• G•••• L•• (listed 2021-12-01, absent 2022-03-24)
    Mar 24, 2022 · Control person left · inference
  • J•••• M•••••• A••••• left B•••••• F•••••••• G•••• L•• for E•••• B•• F••••• O••••• (registered 2022-09-09)
    Mar 15, 2022 · Advisor changed firm · fact
  • Warner David Clarke (Chief Compliance Officer, Director Of Operations) appeared on Schedule A of B•••••• F•••••••• G•••• L••
    Apr 13, 2021 · Control person joined · fact
  • B•••••• F•••••••• G•••• L•• reported RAUM $614.2M, up 32% from $466.1M (2019-10-16 to 2020-03-25)
    Mar 25, 2020 · RAUM change · derived
  • B•••••• F•••••••• G•••• L•• reported RAUM $458.6M, up 35% from $340.8M (2017-09-20 to 2018-03-14)
    Mar 14, 2018 · 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
518-720-3333reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
H•••S://WWW.LINKEDIN.COM/COMPANY/B••••••-FINANCIAL-GROUPreportedpublic record, Form ADV, Sep 18, 2026
Website
H•••://WWW.B••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
518-720-3333reportedpublic record, Form ADV, Sep 4, 2026
Contact form
bouchey.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
Team page
bouchey.com/about-us/meet-our-teamreportedpublished 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
$146Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026