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

Boston Financial Management LLC

Former SEC-registered adviserBoston, MassachusettsCRD 112360SEC 801-11178websiteIAPD
Latest filing Mar 5, 2025
First filing on the tape Feb 10, 2012 · 45 filings
SEC status approved since Mar 23, 1976
RAUM
$5.0B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
91%
$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
49
26 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$5.0B as of Mar 5, 2025
Sep 27, 2012$1.0B then
HNW client RAUM$4.4B as of Mar 5, 2025
Mar 16, 2018$2.0B then
State-registered IARs (5.B.3)7 as of Mar 5, 2025
Oct 2, 20130 then
Employees (5.A)49 as of Mar 5, 2025
Oct 2, 201335 then
Private funds: no history
RAUM +13% over the last fiscal year+9.7% a year over threeIARs 25 to 7offices 2 to 0
Practice profile
derived from the filing of Mar 5, 2025; every figure names its basis
RAUM per advisor
$716MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
159derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.7MderivedHNW RAUM over HNW clients
Average account
$1.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
6.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.0derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
-72%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.4%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Financial planning clients
760reportedItem 5.H
Wrap fee program
participatesreportedItem 5.I
Custody
$4.9B, 1,176 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$4.4B90%
  • Charitable organizations$194M3.9%
  • Individuals$133M2.7%
  • Pension and profit-sharing plans$105M2.1%
  • Corporations and businesses$59.6M1.2%
  • Other investment advisers$18.2M0.4%
  • State and municipal entities$2.2M0.0%
Individual clients
331reported
HNW clients
779reported
Pension plan clients
10reported
Charitable clients
36reported
Accounts
3,056reported
Financial planning clients
760reported
Wrap fee programs
$0 sponsored, $19.8M managedreported
Custody of client assets
$4.9B for 1,176 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
6 left, 0 joined in 12 months
net -6 in 12 months0 left in 90 days0 joined in 90 days23 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Lawrence Michael Brown · Vice Chairman, Membercontrol
    since 01/2016 · owns less than 5%
  • Farrell Dana Clark · Managing Director, Membercontrol
    since 01/2016 · owns less than 5%
  • Pyle Louis Crosier · President, Ceocontrol
    since 01/2022 · owns 5% to 10%
  • James Timothy Farina · Research Analyst, Membercontrol
    since 01/2019 · owns less than 5%
  • Adolphe Geoffry Juviler · Managing Director, Membercontrol
    since 01/2016 · owns 5% to 10%
  • Hopkins Clarence King · Managing Director, Membercontrol
    since 04/2016 · owns 5% to 10%
  • D Jonathan Lynch · Managing Director, Membercontrol
    since 01/2016 · owns 5% to 10%
  • Harding Richard Morse · Chairmancontrol
    since 11/1997 · owns less than 5%
  • Kim Alisa O'Neil · Director Of Estate & Financial Planning, Membercontrol
    since 01/2019 · owns less than 5%
  • Marr Abigail Psyhogeos · Managing Director, Membercontrol
    since 01/2019 · owns 5% to 10%
  • Austin Stacy Reinhart · Managing Director, Membercontrol
    since 04/2016 · owns 5% to 10%
  • Michael Timothy Robinson · Research Analyst, Membercontrol
    since 01/2019 · owns less than 5%
  • Margaret Kathleen Sablone · Director Of Wealth Planning, Membercontrol
    since 01/2019 · owns less than 5%
  • J. Brian Walsh · Managing Director, Membercontrol
    since 01/2019 · owns 5% to 10%
  • Michael Brad Weafer · Chief Investment Officer, Membercontrol
    since 01/2016 · owns 5% to 10%
  • J Charles Zambri · Chief Compliance Officer, Chief Operating Officer, Membercontrol
    since 01/2016 · owns less than 5%
  • Gaukler Susan Zimmerman · Managing Directorcontrol
    since 01/2016 · owns less than 5%
  • Harding Richard Morse · Trusteecontrol
    since 11/1997 · owns F of Richard H. Morse 1997 Trust
Entity owners
  • Richard H. Morse 1997 Trust · Member
    direct · owns 25% to 50%
  • Susan G. Zimmerman Gift Trust 2010 · Member
    direct · owns 5% to 10%
Related persons
Schedule D 7.A
Advisers that list Boston Financial Management LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Boston, Ma · principal006
Greenwich, Ct000
Portland, Me000
Offices
Schedule D 1.F, the 25 largest
  • Portland, ME4 employees
  • Centerville, MA1 employees
What changed
consecutive filings, newest first
  • Individual clients · 339 to 331
    Nov 18, 2024 to Mar 5, 2025
  • Accounts · 2,952 to 3,056
    Nov 18, 2024 to Mar 5, 2025
  • Corporate clients · 14 to 11
    Nov 18, 2024 to Mar 5, 2025
  • HNW clients · 745 to 779
    Nov 18, 2024 to Mar 5, 2025
  • Pension plan clients · 11 to 10
    Nov 18, 2024 to Mar 5, 2025
  • Assets in custody · $4.3B to $4.9B
    Nov 18, 2024 to Mar 5, 2025
  • Financial planning clients · 251-500 to More than 500
    Nov 18, 2024 to Mar 5, 2025
  • State-registered IARs · 25 to 7
    Nov 18, 2024 to Mar 5, 2025
  • Other offices · 2 to 0
    Nov 18, 2024 to Mar 5, 2025
  • Discretionary RAUM · $4.3B to $4.9B
    Nov 18, 2024 to Mar 5, 2025
  • HNW RAUM · $3.9B to $4.4B
    Nov 18, 2024 to Mar 5, 2025
  • Individual RAUM · $145M to $133M
    Nov 18, 2024 to Mar 5, 2025
  • Non-discretionary RAUM · $108M to $151M
    Nov 18, 2024 to Mar 5, 2025
  • Pension RAUM · $62.4M to $105M
    Nov 18, 2024 to Mar 5, 2025
  • RAUM · $4.4B to $5.0B
    Nov 18, 2024 to Mar 5, 2025
  • Wrap assets (manager) · $20.8M to $19.8M
    Nov 18, 2024 to Mar 5, 2025
  • Related adviser · false to true
    Apr 25, 2024 to Nov 18, 2024
  • Related broker-dealer · false to true
    Apr 25, 2024 to Nov 18, 2024
  • Accounts · 2,820 to 2,952
    Oct 19, 2023 to Mar 26, 2024
  • Advisory employees · 27 to 26
    Oct 19, 2023 to Mar 26, 2024
  • Charity clients · 37 to 36
    Oct 19, 2023 to Mar 26, 2024
  • HNW clients · 630 to 745
    Oct 19, 2023 to Mar 26, 2024
  • Individual clients · 392 to 339
    Oct 19, 2023 to Mar 26, 2024
  • Pension plan clients · 13 to 11
    Oct 19, 2023 to Mar 26, 2024
  • Assets in custody · $3.6B to $4.3B
    Oct 19, 2023 to Mar 26, 2024
  • Employees · 51 to 49
    Oct 19, 2023 to Mar 26, 2024
  • State-registered IARs · 24 to 25
    Oct 19, 2023 to Mar 26, 2024
  • Discretionary RAUM · $3.6B to $4.3B
    Oct 19, 2023 to Mar 26, 2024
  • HNW RAUM · $3.2B to $3.9B
    Oct 19, 2023 to Mar 26, 2024
  • Individual RAUM · $187M to $145M
    Oct 19, 2023 to Mar 26, 2024
  • Non-discretionary RAUM · $77.1M to $108M
    Oct 19, 2023 to Mar 26, 2024
  • Pension RAUM · $58.3M to $62.4M
    Oct 19, 2023 to Mar 26, 2024
  • RAUM · $3.7B to $4.4B
    Oct 19, 2023 to Mar 26, 2024
  • Wrap assets (manager) · $20.4M to $20.8M
    Oct 19, 2023 to Mar 26, 2024
  • Other offices · 3 to 2
    Mar 28, 2023 to Oct 19, 2023
  • Accounts · 2,277 to 2,820
    Nov 11, 2022 to Mar 28, 2023
  • Advisory employees · 23 to 27
    Nov 11, 2022 to Mar 28, 2023
  • Charity clients · 32 to 37
    Nov 11, 2022 to Mar 28, 2023
  • Corporate clients · 16 to 14
    Nov 11, 2022 to Mar 28, 2023
  • HNW clients · 610 to 630
    Nov 11, 2022 to Mar 28, 2023
Signals
43 dated events
  • Boston Financial Management Llc no longer on the SEC adviser roster (last listed 2025-09-02, RAUM $5.0B)
    Dec 20, 2025 · Left the SEC roster · derived
  • Jay Nicholls left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Oct 3, 2025 · Advisor changed firm · fact
  • Rylee Marie Felice left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Oct 3, 2025 · Advisor changed firm · fact
  • Timothy Michael Robinson left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Oct 3, 2025 · Advisor changed firm · fact
  • Brad Michael Weafer left Boston Financial Management Llc for Captrust (registered 2025-01-27)
    Oct 3, 2025 · Advisor changed firm · fact
  • Louis Pyle Crosier left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Oct 3, 2025 · Advisor changed firm · fact
  • Timothy James Farina left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Oct 3, 2025 · Advisor changed firm · fact
  • Boston Financial Management LLC's advisors moved to Captrust (Boston, MA): 6 of 6 registered, on the same day
    Oct 3, 2025 · Firm absorbed (people side) · derived
  • Asher Kiely left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    May 1, 2025 · Advisor changed firm · fact
  • Boston Financial Management Llc reported 7 state-registered advisory representatives, down from 25 (2024-11-18 to 2025-03-05)
    Mar 5, 2025 · Advisor headcount change · derived
  • Katie E. Exchange left Boston Financial Management Llc for Captrust (registered 2024-11-21)
    Feb 27, 2025 · Advisor changed firm · fact
  • Donna Marie Scotti left Boston Financial Management Llc for Captrust (registered 2025-02-18)
    Feb 24, 2025 · Advisor changed firm · fact
  • Stephen Mccabe left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Feb 18, 2025 · Advisor changed firm · fact
  • Clarence Hopkins King left Boston Financial Management Llc for Captrust (registered 2024-11-25)
    Feb 18, 2025 · Advisor changed firm · fact
  • Susan Gaukler Zimmerman left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Feb 18, 2025 · Advisor changed firm · fact
  • Timothy John Gray left Boston Financial Management Llc for Captrust (registered 2024-11-21)
    Feb 18, 2025 · Advisor changed firm · fact
  • Stacy Austin Reinhart left Boston Financial Management Llc for Captrust (registered 2024-11-25)
    Feb 18, 2025 · Advisor changed firm · fact
  • John David Pini left Boston Financial Management Llc for Captrust (registered 2024-12-10)
    Feb 18, 2025 · Advisor changed firm · fact
  • Susan Black left Boston Financial Management Llc for Captrust (registered 2024-12-24)
    Feb 18, 2025 · Advisor changed firm · fact
  • Abigail Marr Psyhogeos left Boston Financial Management Llc for Captrust (registered 2024-11-21)
    Feb 18, 2025 · Advisor changed firm · fact
  • Jonathan D Lynch left Boston Financial Management Llc for Captrust (registered 2024-11-25)
    Feb 18, 2025 · Advisor changed firm · fact
  • Brian J. Walsh left Boston Financial Management Llc for Captrust (registered 2024-11-20)
    Feb 18, 2025 · Advisor changed firm · fact
  • Laurie Lynn Novak left Boston Financial Management Llc for Captrust (registered 2024-12-24)
    Feb 18, 2025 · Advisor changed firm · fact
  • Jeremy Scott Glenn left Boston Financial Management Llc for Captrust (registered 2024-11-29)
    Feb 18, 2025 · Advisor changed firm · fact
  • Boston Financial Management LLC's advisors moved to Captrust (Boston, MA): 12 of 21 registered, within 9 days
    Feb 18, 2025 · Firm absorbed (people side) · derived
  • Bradford Arthur Gardner left Boston Financial Management Llc for Captrust (registered 2025-07-10)
    Nov 15, 2024 · Advisor changed firm · fact
  • Jonathan Long Cottrell left Boston Financial Management Llc for Mascoma Wealth Management (registered 2024-04-05)
    Apr 23, 2024 · Advisor changed firm · fact
  • Ann Carol Cusson (Controller, Member) no longer on Schedule A of Boston Financial Management Llc (listed 2023-10-19, absent 2024-03-26)
    Mar 26, 2024 · Control person left · inference
  • Yvan Philippe Bodart left Boston Financial Management Llc for F L Putnam Investment Management Co. (registered 2023-11-07)
    Jul 10, 2023 · Advisor changed firm · fact
  • Bradford Gardner (Managing Director, Member) no longer on Schedule A of Boston Financial Management Llc (listed 2022-11-11, absent 2023-03-28)
    Mar 28, 2023 · Control person left · inference
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