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

N•• G••••

Independent wealth managerSan Francisco, CaliforniaCRD 124186SEC 801-61649websiteIAPD
Legal name N•• G••••• I•••
Latest filing Mar 23, 2026
First filing on the tape Mar 30, 2012 · 23 filings
SEC status approved since Dec 16, 2002
RAUM
$485M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
90%
$438M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$121M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$485M as of Mar 23, 2026
Mar 30, 2012$49.6M then
HNW client RAUM$392M as of Mar 23, 2026
Mar 30, 2018$107M then
State-registered IARs (5.B.3)4 as of Mar 23, 2026
Mar 30, 20120 then
Employees (5.A)6 as of Mar 23, 2026
Mar 28, 20135 then
Private funds: no history
RAUM -15% over the last fiscal year-9.9% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 23, 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
  • 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
RAUM per advisor
$121MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
52derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
6.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-15%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.5%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Custody
$64.4M, 56 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)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$392M81%
  • Individuals$45.7M9.4%
  • Charitable organizations$30.9M6.4%
  • Corporations and businesses$14.4M3.0%
  • Pension and profit-sharing plans$2.1M0.4%
Individual clients
102reported
HNW clients
105reported
Pension plan clients
1reported
Charitable clients
2reported
Accounts
458reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$64.4M for 56 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.9 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••• R••••• W•••••San Francisco, CaOct 20, 200433 y1
N•••• J••••• N••••San Francisco, CaOct 20, 200434 y1
B•••• D••• A••••San Francisco, CaJun 17, 201436 y1
C••••• G•••••• N••••San Francisco, Ca Oct 23, 202331 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
  • N••••• N••••• J••••• · Principal/Chief Compliance Officercontrol
    since 07/2002 · owns 50% to 75%
  • W•••••• M••••• R••••• · Principalcontrol
    since 07/2002 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
San Francisco, Ca · principal400
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
  • institutional to wealth shiftCombination · filing Mar 23, 2026
    institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $570,943,172 to $485,294,706, advisors 4 to 4, private clients 200 to 207, offices 0 to 0 (2025-03-28 to 2026-03-23)
    peers: independent wealth managers, $100M to $500M (5,676)
  • client mix shiftChange between filings · filing Mar 23, 2026
    private-client share of RAUM moved from 68.0% to 90.0% between the annual amendments of 2025-03-28 and 2026-03-23
    peers: independent wealth managers, $100M to $500M (5,676)
  • HNW share shiftChange between filings · filing Mar 23, 2026
    HNW share of RAUM moved from 61.0% to 81.0% between the annual amendments of 2025-03-28 and 2026-03-23
    peers: independent wealth managers, $100M to $500M (5,676)
  • institutional asset share shiftChange between filings · filing Mar 23, 2026
    institutional share of RAUM moved from 32.0% to 10.0% between the annual amendments of 2025-03-28 and 2026-03-23
    peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 464 to 458
    Mar 28, 2025 to Mar 23, 2026
  • Individual clients · 95 to 102
    Mar 28, 2025 to Mar 23, 2026
  • Pension plan clients · 2 to 1
    Mar 28, 2025 to Mar 23, 2026
  • Assets in custody · $52.4M to $64.4M
    Mar 28, 2025 to Mar 23, 2026
  • Discretionary RAUM · $564M to $475M
    Mar 28, 2025 to Mar 23, 2026
  • HNW RAUM · $349M to $392M
    Mar 28, 2025 to Mar 23, 2026
  • Individual RAUM · $39.4M to $45.7M
    Mar 28, 2025 to Mar 23, 2026
  • Non-discretionary RAUM · $7.4M to $10.4M
    Mar 28, 2025 to Mar 23, 2026
  • Pension RAUM · $9.0M to $2.1M
    Mar 28, 2025 to Mar 23, 2026
  • RAUM · $571M to $485M
    Mar 28, 2025 to Mar 23, 2026
  • Accounts · 447 to 464
    Apr 29, 2024 to Mar 28, 2025
  • Advisory employees · 5 to 4
    Apr 29, 2024 to Mar 28, 2025
  • Corporate clients · 0 to 3
    Apr 29, 2024 to Mar 28, 2025
  • HNW clients · 102 to 105
    Apr 29, 2024 to Mar 28, 2025
  • Individual clients · 87 to 95
    Apr 29, 2024 to Mar 28, 2025
  • Pension plan clients · 48 to 2
    Apr 29, 2024 to Mar 28, 2025
  • Pooled vehicle clients · 0.0 to unset
    Apr 29, 2024 to Mar 28, 2025
  • Assets in custody · $45.7M to $52.4M
    Apr 29, 2024 to Mar 28, 2025
  • Employees · 7 to 6
    Apr 29, 2024 to Mar 28, 2025
  • Financial planning clients · 0 to 0
    Apr 29, 2024 to Mar 28, 2025
  • State-registered IARs · 5 to 4
    Apr 29, 2024 to Mar 28, 2025
  • Discretionary RAUM · $708M to $564M
    Apr 29, 2024 to Mar 28, 2025
  • HNW RAUM · $287M to $349M
    Apr 29, 2024 to Mar 28, 2025
  • Individual RAUM · $31.9M to $39.4M
    Apr 29, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $0 to $7.4M
    Apr 29, 2024 to Mar 28, 2025
  • Pension RAUM · $2.3M to $9.0M
    Apr 29, 2024 to Mar 28, 2025
  • Pooled vehicle RAUM · 0.0 to unset
    Apr 29, 2024 to Mar 28, 2025
  • RAUM · $708M to $571M
    Apr 29, 2024 to Mar 28, 2025
  • Accounts · 397 to 447
    Oct 18, 2023 to Mar 28, 2024
  • Advisory employees · 4 to 5
    Oct 18, 2023 to Mar 28, 2024
  • HNW clients · 96 to 102
    Oct 18, 2023 to Mar 28, 2024
  • Individual clients · 79 to 87
    Oct 18, 2023 to Mar 28, 2024
  • Pension plan clients · 1 to 48
    Oct 18, 2023 to Mar 28, 2024
  • Assets in custody · $32.3M to $45.7M
    Oct 18, 2023 to Mar 28, 2024
  • Employees · 6 to 7
    Oct 18, 2023 to Mar 28, 2024
  • State-registered IARs · 4 to 5
    Oct 18, 2023 to Mar 28, 2024
  • Discretionary RAUM · $663M to $708M
    Oct 18, 2023 to Mar 28, 2024
  • HNW RAUM · $227M to $287M
    Oct 18, 2023 to Mar 28, 2024
  • Individual RAUM · $25.1M to $31.9M
    Oct 18, 2023 to Mar 28, 2024
  • Pension RAUM · $1.7M to $2.3M
    Oct 18, 2023 to Mar 28, 2024
Signals
4 dated events
  • N•• G•••• reported RAUM $662.9M, up 29% from $512.9M (2022-03-24 to 2023-03-30)
    Mar 30, 2023 · RAUM change · derived
  • Anthony James Kolinos (General Partner) no longer on Schedule A of N•• G•••• (listed 2021-03-25, absent 2022-03-24)
    Mar 24, 2022 · Control person left · inference
  • N•• G•••• reported RAUM $489.3M, up 77% from $276.5M (2020-09-04 to 2021-03-25)
    Mar 25, 2021 · RAUM change · derived
  • N•• G•••• reported RAUM $264.3M, up 69% from $156.3M (2018-03-30 to 2019-03-27)
    Mar 27, 2019 · 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 email
info@nwkgroup.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
415-362-0693reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
415-248-2700reportedpublished by the firm, firm site, Sep 15, 2026
Website
NWKGROUP.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
415-248-2700reportedpublic record, Form ADV, Mar 23, 2026
Contact form
nwkgroup.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
nwkgroup.com/meet-the-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
$121Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026