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

Linwood Investment Advisors Inc.

Former SEC-registered adviserBuffalo, New YorkCRD 120289SEC 801-75232IAPD
Latest filing Jun 29, 2023
First filing on the tape Mar 29, 2012 · 19 filings
RAUM
$67.7M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
52%
$35.0M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$67.7M as of Jun 29, 2023
Mar 28, 2013$117M then
HNW client RAUM$20.7M as of Jun 29, 2023
Mar 27, 2018$132M then
State-registered IARs (5.B.3)1 as of Jun 29, 2023
Mar 28, 20131 then
Employees (5.A)2 as of Jun 29, 2023
Mar 28, 20132 then
Private funds: no history
RAUM -84% over the last fiscal year-36% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jun 29, 2023; every figure names its basis
RAUM per advisor
$67.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
139derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.3MderivedHNW RAUM over HNW clients
Average account
$442,299derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
47%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-84%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-43%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, pension consultingreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$31.5M47%
  • High-net-worth individuals$20.7M31%
  • Individuals$14.3M21%
  • Corporations and businesses$1.2M1.7%
Individual clients
123reported
HNW clients
16reported
Pension plan clients
11reported
Charitable clients
0reported
Accounts
153reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
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
Left, latest
Joined, latest
none on the tape
    Teams: two or more advisors moving together within fourteen days, from one state
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • John Anthony Bonaventura · Shareholdercontrol
        since 05/1997 · owns 10% to 25%
      • Patrick Joseph Feeley · Chief Compliance Officercontrol
        since 05/1997 · owns 10% to 25%
      • Donald Thomas Hyzy · Shareholdercontrol
        since 05/1997 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Buffalo, Ny · principal000
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 596 to 153
        Mar 28, 2022 to Jun 29, 2023
      • Advisory employees · 2 to 1
        Mar 28, 2022 to Jun 29, 2023
      • Corporate clients · 2 to 3
        Mar 28, 2022 to Jun 29, 2023
      • HNW clients · 105 to 16
        Mar 28, 2022 to Jun 29, 2023
      • Individual clients · 137 to 123
        Mar 28, 2022 to Jun 29, 2023
      • Pension plan clients · 19 to 11
        Mar 28, 2022 to Jun 29, 2023
      • Employees · 3 to 2
        Mar 28, 2022 to Jun 29, 2023
      • HQ city · CHEEKTOWAGA to BUFFALO
        Mar 28, 2022 to Jun 29, 2023
      • Discretionary RAUM · $319M to $67.7M
        Mar 28, 2022 to Jun 29, 2023
      • HNW RAUM · $242M to $20.7M
        Mar 28, 2022 to Jun 29, 2023
      • Individual RAUM · $32.2M to $14.3M
        Mar 28, 2022 to Jun 29, 2023
      • Non-discretionary RAUM · $111M to $0
        Mar 28, 2022 to Jun 29, 2023
      • Pension RAUM · $155M to $31.5M
        Mar 28, 2022 to Jun 29, 2023
      • RAUM · $430M to $67.7M
        Mar 28, 2022 to Jun 29, 2023
      • Related insurance company · false to true
        Mar 28, 2022 to Jun 29, 2023
      • Accounts · 594 to 596
        Mar 25, 2021 to Mar 28, 2022
      • HNW clients · 80 to 105
        Mar 25, 2021 to Mar 28, 2022
      • Pension plan clients · 21 to 19
        Mar 25, 2021 to Mar 28, 2022
      • Other offices · 1 to 0
        Mar 25, 2021 to Mar 28, 2022
      • Discretionary RAUM · $253M to $319M
        Mar 25, 2021 to Mar 28, 2022
      • HNW RAUM · $208M to $242M
        Mar 25, 2021 to Mar 28, 2022
      • Individual RAUM · $27.2M to $32.2M
        Mar 25, 2021 to Mar 28, 2022
      • Non-discretionary RAUM · $73.4M to $111M
        Mar 25, 2021 to Mar 28, 2022
      • Pension RAUM · $90.6M to $155M
        Mar 25, 2021 to Mar 28, 2022
      • RAUM · $327M to $430M
        Mar 25, 2021 to Mar 28, 2022
      • Related insurance company · true to false
        Mar 25, 2021 to Mar 28, 2022
      • Accounts · 603 to 594
        Jun 24, 2020 to Mar 25, 2021
      • Corporate clients · 3 to 2
        Jun 24, 2020 to Mar 25, 2021
      • HNW clients · 83 to 80
        Jun 24, 2020 to Mar 25, 2021
      • Individual clients · 128 to 137
        Jun 24, 2020 to Mar 25, 2021
      • Pension plan clients · 25 to 21
        Jun 24, 2020 to Mar 25, 2021
      • Discretionary RAUM · $201M to $253M
        Jun 24, 2020 to Mar 25, 2021
      • HNW RAUM · $155M to $208M
        Jun 24, 2020 to Mar 25, 2021
      • Individual RAUM · $30.1M to $27.2M
        Jun 24, 2020 to Mar 25, 2021
      • Non-discretionary RAUM · $60.5M to $73.4M
        Jun 24, 2020 to Mar 25, 2021
      • Pension RAUM · $74.8M to $90.6M
        Jun 24, 2020 to Mar 25, 2021
      • RAUM · $261M to $327M
        Jun 24, 2020 to Mar 25, 2021
      • HNW clients · 67 to 83
        Mar 27, 2019 to Mar 18, 2020
      • Individual clients · 124 to 128
        Mar 27, 2019 to Mar 18, 2020
      • Pension plan clients · 24 to 25
        Mar 27, 2019 to Mar 18, 2020
      Signals
      6 dated events
      • Connor Joseph Rosenecker left Linwood Investment Advisors Inc. for Hightower Advisors, Llc (registered 2022-09-30)
        Feb 27, 2024 · Advisor changed firm · fact
      • Brian Michael Geary left Linwood Investment Advisors Inc. for Hightower Advisors, Llc (registered 2024-09-25)
        Feb 27, 2024 · Advisor changed firm · fact
      • 2 advisors left Linwood Investment Advisors Inc. (Buffalo, NY) for Hightower Advisors, LLC on the same day
        Feb 27, 2024 · Team lift-out · derived
      • Linwood Investment Advisors Inc. reported RAUM $67.7M, down 84% from $430.0M (2022-03-28 to 2023-06-29)
        Jun 29, 2023 · RAUM change · derived
      • Michael Brian Geary (Chief Compliance Officer) no longer on Schedule A of Linwood Investment Advisors Inc. (listed 2022-03-28, absent 2023-06-29)
        Jun 29, 2023 · Control person left · inference
      • Linwood Investment Advisors Inc. reported RAUM $430.0M, up 32% from $326.5M (2021-03-25 to 2022-03-28)
        Mar 28, 2022 · 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.
      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