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
L•••••• • K••••••• L••
Latest filing Mar 16, 2026
First filing on the tape Mar 30, 2012 · 21 filings
SEC status approved since Feb 14, 2003
RAUM
$444M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$422M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$148M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$444M as of Mar 16, 2026
Mar 30, 2012$101M then
HNW client RAUM$397M as of Mar 16, 2026
Mar 29, 2018$181M then
State-registered IARs (5.B.3)3 as of Mar 16, 2026
Mar 30, 20120 then
Employees (5.A)4 as of Mar 16, 2026
Apr 1, 20133 then
Private funds: no history
RAUM +24% over the last fiscal year+14% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 16, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $148MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 105derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $1.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 4.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +168%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$397M89%
- Individuals$25.1M5.6%
- Charitable organizations$21.5M4.8%
- Corporations and businesses$213,0450.0%
- Individual clients
- 67reported
- HNW clients
- 249reported
- Pension plan clients
- n/areported
- Charitable clients
- 3reported
- Accounts
- 321reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••• A•••••• L••••••Chartered Financial Analyst | Hollis, Nh | Feb 8, 1990 | 36 y | 0 |
| D••• D••••• K••••••Chartered Financial Analyst | Hollis, Nh | Jun 3, 2005 | 21 y | 0 |
| J•••• B• C•••••Chartered Financial Analyst | Hollis, Nh | Oct 14, 2020 | 20 y | 3 |
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
- J•••• B• C••••• from F• A•••••••Oct 14, 2020 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C•••••• J••••• B• · Membercontrolsince 10/2021 · owns 5% to 10%
- K••••••• D•••• D••••• · Member, Chief Compliance Officercontrolsince 06/2005 · owns 10% to 25%
- L••••••• J•••• A•••••• · Managercontrolsince 04/1990 · owns 50% to 75%
- R••••••• A••• · Membercontrolsince 06/2013 · owns 10% to 25%
- C••• P••••• B••• · Membersince 04/1990 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Hollis, Nh · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- very high RAUM per advisorStatic outlier · filing Mar 16, 2026RAUM per registered advisor of $147,872,277 against a peer median of $55,731,856 (3254 comparable advisers, 99.0th percentile, 3.2 robust deviations)peers: independent wealth managers, $100M to $500M (3,254) · 99% percentile
- client count surgeChange between filings · filing Mar 16, 2026individual and HNW clients (Item 5.D) moved from 118.0 to 316.0 (+168.0%) between the annual amendments of 2025-03-26 and 2026-03-16; the peer median change was +3.0% (3309 comparable advisers, 100.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 100% percentile
What changed
consecutive filings, newest first
- Accounts · 122 to 321Mar 26, 2025 to Mar 16, 2026
- Charity clients · unset to 3.0Mar 26, 2025 to Mar 16, 2026
- Corporate clients · 1 to 2Mar 26, 2025 to Mar 16, 2026
- HNW clients · 84 to 249Mar 26, 2025 to Mar 16, 2026
- Individual clients · 34 to 67Mar 26, 2025 to Mar 16, 2026
- Pension plan clients · 3.0 to unsetMar 26, 2025 to Mar 16, 2026
- Discretionary RAUM · $357M to $444MMar 26, 2025 to Mar 16, 2026
- HNW RAUM · $319M to $397MMar 26, 2025 to Mar 16, 2026
- Individual RAUM · $20.0M to $25.1MMar 26, 2025 to Mar 16, 2026
- Pension RAUM · 17790880.0 to unsetMar 26, 2025 to Mar 16, 2026
- RAUM · $357M to $444MMar 26, 2025 to Mar 16, 2026
- Accounts · 113 to 122Mar 28, 2024 to Mar 26, 2025
- Advisory employees · 4 to 3Mar 28, 2024 to Mar 26, 2025
- Corporate clients · unset to 1.0Mar 28, 2024 to Mar 26, 2025
- HNW clients · 74 to 84Mar 28, 2024 to Mar 26, 2025
- Individual clients · 37 to 34Mar 28, 2024 to Mar 26, 2025
- Pension plan clients · unset to 3.0Mar 28, 2024 to Mar 26, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 26, 2025
- Discretionary RAUM · $351M to $357MMar 28, 2024 to Mar 26, 2025
- HNW RAUM · $305M to $319MMar 28, 2024 to Mar 26, 2025
- Individual RAUM · $30.8M to $20.0MMar 28, 2024 to Mar 26, 2025
- Pension RAUM · unset to 17790880.0Mar 28, 2024 to Mar 26, 2025
- RAUM · $351M to $357MMar 28, 2024 to Mar 26, 2025
- Accounts · 124 to 113Mar 22, 2023 to Mar 28, 2024
- HNW clients · 80 to 74Mar 22, 2023 to Mar 28, 2024
- Individual clients · 39 to 37Mar 22, 2023 to Mar 28, 2024
- Discretionary RAUM · $303M to $351MMar 22, 2023 to Mar 28, 2024
- HNW RAUM · $265M to $305MMar 22, 2023 to Mar 28, 2024
- Individual RAUM · $22.9M to $30.8MMar 22, 2023 to Mar 28, 2024
- RAUM · $303M to $351MMar 22, 2023 to Mar 28, 2024
- Accounts · 221 to 124Mar 25, 2022 to Mar 22, 2023
- HNW clients · 169 to 80Mar 25, 2022 to Mar 22, 2023
- Individual clients · 47 to 39Mar 25, 2022 to Mar 22, 2023
- Discretionary RAUM · $318M to $303MMar 25, 2022 to Mar 22, 2023
- HNW RAUM · $285M to $265MMar 25, 2022 to Mar 22, 2023
- Individual RAUM · $17.7M to $22.9MMar 25, 2022 to Mar 22, 2023
- RAUM · $318M to $303MMar 25, 2022 to Mar 22, 2023
- Accounts · 271 to 221Oct 26, 2021 to Mar 25, 2022
- HNW clients · 106 to 169Oct 26, 2021 to Mar 25, 2022
- Individual clients · 42 to 47Oct 26, 2021 to Mar 25, 2022
Signals
No event on the tape.
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
- 603-465-7700reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 800-586-2273reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- L••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 603-465-7700reportedpublic record, Form ADV, Mar 16, 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
- $148Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026