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.

SEC-registered adviser

Freedom Investment Management, Inc.

Independent wealth managerSouth Windsor, ConnecticutCRD 126052SEC 801-68642websiteIAPD
Latest filing Feb 4, 2026
First filing on the tape Mar 30, 2012 · 74 filings
SEC status approved since Jan 8, 2008
RAUM
$569M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
52%
$296M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$190M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
74 filings and snapshots on the tape
RAUM$569M as of Feb 4, 2026
Mar 30, 2012$259M then
HNW client RAUM$203M as of Feb 4, 2026
Mar 29, 2019$124M then
State-registered IARs (5.B.3)6 as of Feb 4, 2026
Apr 1, 20132 then
Employees (5.A)9 as of Feb 4, 2026
Apr 1, 201338 then
Private funds: no history
RAUM -74% over the last fiscal year-27% a year over threeIARs 12 to 6offices 6 to 4
Practice profile
derived from the filing of Feb 4, 2026; every figure names its basis
Archetypes, each a printed rule
  • Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$190MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
162derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$614,757derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
48%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
0.6derived5 offices incl. principal (1.F.5)
RAUM growth, one year
-74%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-95%derived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, otherreportedItem 5.G
Wrap fee program
$23.3MreportedItem 5.I
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$235M41%
  • High-net-worth individuals$203M36%
  • Individuals$92.2M16%
  • Pension and profit-sharing plans$26.7M4.7%
  • Charitable organizations$11.3M2.0%
Individual clients
409reported
HNW clients
76reported
Pension plan clients
29reported
Charitable clients
6reported
Accounts
925reported
Financial planning clients
0reported
Wrap fee programs
$23.3M sponsored, $78.1M managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.52 fund_share=0.0 institutional_share=0.48 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
John Arthur O'ConnorSouth Windsor, CtDec 12, 202343 y5
Brian Edward HawleyChartered Financial AnalystShrewsbury, Ma Jan 30, 202423 y2
Keith Kristan LindbergCranford, Nj Mar 23, 202638 y2
Advisor movement
4 left, 0 joined in 12 months
net -4 in 12 months2 left in 90 days0 joined in 90 daysdeparture rate 133% of current headcount13 left over 36 months
Left, latest
Joined, latest
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
    • Mark Steven Daignault · Chief Financial Officercontrol
      since 04/2022 · owns less than 5%
    • Philip Robert Herrmann · Chief Executive Officercontrol
      since 05/2020 · owns less than 5%
    • Bhalchandra Kevin Bhatt · Shareholdercontrol
      since 02/2016 · owns 25% to 50% of Long Ridge Equity Partners, LLC
    • Gerard James Brown · Shareholdercontrol
      since 02/2016 · owns 25% to 50% of Long Ridge Equity Partners, LLC
    • Max Jeffrey Cohen · Trustee, Eh Series A Preferred Revocable Trustcontrol
      since 03/2020 · owns F of Eh Series A Preferred Revocable Trust
    • Robert William Nelson · Shareholdercontrol
      since 07/2018 · owns 25% to 50% of Eqis Common Holdco, LLC
    • Christopher Scott Winters · Shareholdercontrol
      since 07/2018 · owns 25% to 50% of Eqis Common Holdco, LLC
    • Thomas Andrew Lucich · Chief Compliance Officer
      since 08/2022 · owns less than 5%
    Entity owners
    • Freedom Advisors Group Intermediate Holdings, LLC · Limited Liability Company
      direct · owns 75% or more
    • Eh Series A Preferred Revocable Trust · Shareholder, Series A Convertible Preferred Stock
      indirect · owns 50% to 75% of Eqis Holding, Inc.
    • Eqis Common Holdco, LLC · Shareholder, Common Stock
      indirect · owns 50% to 75% of Eqis Holding, Inc.
    • Eqis Holding, Inc. · Shareholder
      indirect · owns 75% or more of Freedom Advisors Group LLC
    • Freedom Advisors Group LLC · Shareholder
      indirect · owns 75% or more of Freedom Advisors Group Intermediate Holdings, LLC
    • Long Ridge Equity Partners · Voter, Common Stock Through Lrech Special Member, LLC
      indirect · owns F of Eqis Holding, Inc.
    • Long Ridge Equity Partners I, L.P. · Shareholder, Series B Convertible Preferred Stock
      indirect · owns 50% to 75% of Eqis Holding, Inc.
    • Long Ridge Equity Partners I, L.P. · Shareholder
      indirect · owns 75% or more of Eqis Common Holdco, LLC
    • Long Ridge Equity Partners, LLC · General Partner
      indirect · owns F of Long Ridge Equity Partners I, L.P.
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    South Windsor, Ct · principal311
    Charlotte, Nc000
    Colorado Springs, Co000
    Fuquay Varina, Nc000
    Highlands Ranch, Co000
    Queen Creek, Az000
    Littleton, Ma001
    Hopkinton, Ma001
    Apex, Nc000
    Scottsdale, Az001
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    ADV anomalies
    9 against comparable advisers; where to look, not conclusions
    • wealth to institutional shiftCombination · filing Feb 4, 2026
      private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $2,146,636,045 to $568,650,228, advisors 12 to 6, private clients 9090 to 485, offices 6 to 4 (2025-03-31 to 2026-02-04)
      peers: independent wealth managers, $500M to $1B (1,483)
    • clients down average size upCombination · filing Feb 4, 2026
      private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $2,146,636,045 to $568,650,228, advisors 12 to 6, private clients 9090 to 485, offices 6 to 4 (2025-03-31 to 2026-02-04)
      peers: independent wealth managers, $500M to $1B (1,483)
    • advisor count dropChange between filings · filing Feb 4, 2026
      advisory representatives (Item 5.B.3) moved from 12.0 to 6.0 (-50.0%) between the annual amendments of 2025-03-31 and 2026-02-04; the peer median change was 0.0% (795 comparable advisers, 1.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (795) · 0.9% percentile
    • client count collapseChange between filings · filing Feb 4, 2026
      individual and HNW clients (Item 5.D) moved from 9,090.0 to 485.0 (-95.0%) between the annual amendments of 2025-03-31 and 2026-02-04; the peer median change was +5.0% (1216 comparable advisers, 0.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (1,216) · 0.0% percentile
    • client mix shiftChange between filings · filing Feb 4, 2026
      private-client share of RAUM moved from 82.0% to 52.0% between the annual amendments of 2025-03-31 and 2026-02-04
      peers: independent wealth managers, $500M to $1B (1,483)
    • employee count dropChange between filings · filing Feb 4, 2026
      employees (Item 5.A) moved from 40.0 to 9.0 (-78.0%) between the annual amendments of 2025-03-31 and 2026-02-04; the peer median change was 0.0% (596 comparable advisers, 0.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (596) · 0.0% percentile
    • institutional asset share shiftChange between filings · filing Feb 4, 2026
      institutional share of RAUM moved from 18.0% to 48.0% between the annual amendments of 2025-03-31 and 2026-02-04
      peers: independent wealth managers, $500M to $1B (1,483)
    • RAUM down 50 %Change between filings · filing Feb 4, 2026
      RAUM (Item 5.F) moved from $2,146,636,045 to $568,650,228 (-74.0%) between the annual amendments of 2025-03-31 and 2026-02-04; the peer median change was +16.0% (1386 comparable advisers, 0.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (1,386) · 0.0% percentile
    • account count collapseChange between filings · filing Feb 4, 2026
      accounts (Item 5.F.2.f) moved from 11,770.0 to 925.0 (-92.0%) between the annual amendments of 2025-03-31 and 2026-02-04; the peer median change was +6.0% (1256 comparable advisers, 0.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (1,256) · 0.0% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 1,236 to 925
      Jan 2, 2026 to Feb 4, 2026
    • Charity clients · 8 to 6
      Jan 2, 2026 to Feb 4, 2026
    • HNW clients · 88 to 76
      Jan 2, 2026 to Feb 4, 2026
    • Individual clients · 480 to 409
      Jan 2, 2026 to Feb 4, 2026
    • Pension plan clients · 31 to 29
      Jan 2, 2026 to Feb 4, 2026
    • Discretionary RAUM · $606M to $569M
      Jan 2, 2026 to Feb 4, 2026
    • HNW RAUM · $114M to $203M
      Jan 2, 2026 to Feb 4, 2026
    • Individual RAUM · $221M to $92.2M
      Jan 2, 2026 to Feb 4, 2026
    • Pension RAUM · $29.3M to $26.7M
      Jan 2, 2026 to Feb 4, 2026
    • RAUM · $606M to $569M
      Jan 2, 2026 to Feb 4, 2026
    • Wrap assets (manager) · $10.4M to $78.1M
      Jan 2, 2026 to Feb 4, 2026
    • Wrap assets (sponsor) · $27.4M to $23.3M
      Jan 2, 2026 to Feb 4, 2026
    • Advisory employees · 8 to 6
      Dec 8, 2025 to Jan 2, 2026
    • Employees · 11 to 9
      Dec 8, 2025 to Jan 2, 2026
    • HQ city · HARTFORD to SOUTH WINDSOR
      Dec 8, 2025 to Jan 2, 2026
    • State-registered IARs · 8 to 6
      Dec 8, 2025 to Jan 2, 2026
    • Other offices · 6 to 4
      Dec 8, 2025 to Jan 2, 2026
    • Accounts · 11,770 to 1,236
      Mar 31, 2025 to Oct 3, 2025
    • Advisory employees · 11 to 8
      Mar 31, 2025 to Oct 3, 2025
    • Advisory activities · 7 to 5
      Mar 31, 2025 to Oct 3, 2025
    • Charity clients · 17 to 8
      Mar 31, 2025 to Oct 3, 2025
    • Corporate clients · 42.0 to unset
      Mar 31, 2025 to Oct 3, 2025
    • HNW clients · 431 to 88
      Mar 31, 2025 to Oct 3, 2025
    • Individual clients · 8,659 to 480
      Mar 31, 2025 to Oct 3, 2025
    • Pension plan clients · 175 to 31
      Mar 31, 2025 to Oct 3, 2025
    • Employees · 40 to 11
      Mar 31, 2025 to Oct 3, 2025
    • Insurance-licensed employees · 1 to 0
      Mar 31, 2025 to Oct 3, 2025
    • Financial planning clients · 0 to 0
      Mar 31, 2025 to Oct 3, 2025
    • State-registered IARs · 12 to 8
      Mar 31, 2025 to Oct 3, 2025
    • Discretionary RAUM · $2.0B to $606M
      Mar 31, 2025 to Oct 3, 2025
    • HNW RAUM · $686M to $114M
      Mar 31, 2025 to Oct 3, 2025
    • Individual RAUM · $1.1B to $221M
      Mar 31, 2025 to Oct 3, 2025
    • Non-discretionary RAUM · $157M to $0
      Mar 31, 2025 to Oct 3, 2025
    • Pension RAUM · $161M to $29.3M
      Mar 31, 2025 to Oct 3, 2025
    • Pooled vehicle RAUM · unset to 0.0
      Mar 31, 2025 to Oct 3, 2025
    • RAUM · $2.1B to $606M
      Mar 31, 2025 to Oct 3, 2025
    • Wrap assets (sponsor) · $0 to $27.4M
      Mar 31, 2025 to Oct 3, 2025
    • Accounts · 13,073 to 11,770
      Oct 22, 2024 to Mar 31, 2025
    • Advisory employees · 10 to 11
      Oct 22, 2024 to Mar 31, 2025
    • Charity clients · 6 to 17
      Oct 22, 2024 to Mar 31, 2025
    Signals
    34 dated events
    • Scott Kevin Hawley left Freedom Investment Management, Inc. for 3D Advisor Group, Inc. (registered 2026-08-07)
      Aug 10, 2026 · Advisor changed firm · fact
    • Daniel William Snyder left Freedom Investment Management, Inc. for 3D Advisor Group, Inc. (registered 2026-07-17)
      Jul 20, 2026 · Advisor changed firm · fact
    • James Louis Matt left Freedom Investment Management, Inc. for Ascentis Independent Advisors, Llc (registered 2026-01-08)
      Dec 16, 2025 · Advisor changed firm · fact
    • Michael Paul Otterson left Freedom Investment Management, Inc. for Ascentis Independent Advisors, Llc (registered 2026-01-08)
      Dec 16, 2025 · Advisor changed firm · fact
    • Freedom Investment Management, Inc. reported RAUM $605.5M, down 72% from $2.1B (2025-03-31 to 2025-10-03)
      Oct 3, 2025 · RAUM change · derived
    • Joseph J Mooney left Freedom Investment Management, Inc. for Geowealth Management Llc (registered 2025-09-29)
      Jul 31, 2025 · Advisor changed firm · fact
    • Parker R Holland left Freedom Investment Management, Inc. for Foundations Investment Advisors Llc (registered 2018-10-17)
      Jul 31, 2025 · Advisor changed firm · fact
    • Donald Raymond Delaria, Jr. left Freedom Investment Management, Inc. for Brookstone Asset Management, Llc (registered 2015-10-23)
      Jul 31, 2025 · Advisor changed firm · fact
    • Pamela Sue Nevil left Freedom Investment Management, Inc. for Geowealth Management Llc (registered 2025-10-23)
      Jul 31, 2025 · Advisor changed firm · fact
    • Peter Alexander Kitzerow left Freedom Investment Management, Inc. for Quincy Wells Advisors, Llc (registered 2025-08-08)
      Jul 31, 2025 · Advisor changed firm · fact
    • Michael James Mooney left Freedom Investment Management, Inc. for Geowealth Management Llc (registered 2025-10-28)
      Jul 31, 2025 · Advisor changed firm · fact
    • Peter Jose' D'Arruda left Freedom Investment Management, Inc. for Foundations Investment Advisors Llc (registered 2018-10-17)
      Jul 31, 2025 · Advisor changed firm · fact
    • Martin Davis Hensley no longer registered at Freedom Investment Management, Inc.; no later IA registration on IAPD
      Jul 31, 2025 · Advisor departure · fact
    • 2 advisors left Freedom Investment Management, Inc. (South Windsor, CT) for Geowealth Management LLC on the same day
      Jul 31, 2025 · Team lift-out · derived
    • Jonathan Patrick Shiffer left Freedom Investment Management, Inc. for Sagepoint Capital Partners Llc (registered 2026-04-20)
      Apr 10, 2024 · Advisor changed firm · fact
    • Freedom Investment Management, Inc. reported RAUM $2.0B, up 40% from $1.4B (2023-12-22 to 2024-03-28)
      Mar 28, 2024 · RAUM change · derived
    • Jesse L Perry left Freedom Investment Management, Inc. for T. Rowe Price Advisory Services, Inc. (registered 2024-03-11)
      Jan 31, 2024 · Advisor changed firm · fact
    • Freedom Investment Management, Inc. reported 7 offices beyond its principal office, up from 0 (2023-10-03 to 2023-12-22)
      Dec 22, 2023 · Office count change · derived
    • Maria Teresa Aronoff left Freedom Investment Management, Inc. for Rbc Rochdale, Llc (registered 2023-05-08)
      Aug 21, 2023 · Advisor changed firm · fact
    • Mark Adam Scanlan left Freedom Investment Management, Inc. for Adhesion Wealth Advisor Solutions (registered 2024-04-09)
      May 5, 2023 · Advisor changed firm · fact
    • John Joseph Kehoe left Freedom Investment Management, Inc. for New Frontier Advisors, Llc (registered 2023-07-26)
      Dec 8, 2022 · Advisor changed firm · fact
    • Jared L Stigall left Freedom Investment Management, Inc. for Virtus Investment Advisers, Llc (registered 2022-10-19)
      Oct 3, 2022 · Advisor changed firm · fact
    • Edward Scott Stevens (Chief Financial Officer) no longer on Schedule A of Freedom Investment Management, Inc. (listed 2022-03-31, absent 2022-06-17)
      Jun 17, 2022 · Control person left · inference
    • Mark Steven Daignault (Chief Financial Officer) appeared on Schedule A of Freedom Investment Management, Inc.
      Jun 17, 2022 · Control person joined · fact
    • Megan Ellen Morrice left Freedom Investment Management, Inc. for Hip Investor, Inc. (registered 2024-04-11)
      Apr 11, 2022 · Advisor changed firm · fact
    • Scott Stevens (Chief Financial Officer) appeared on Schedule A of Freedom Investment Management, Inc.
      Mar 31, 2021 · Control person joined · fact
    • Richard Michael Trott (Chief Financial Officer) no longer on Schedule A of Freedom Investment Management, Inc. (listed 2020-08-24, absent 2021-03-31)
      Mar 31, 2021 · Control person left · inference
    • Francis Joseph Hunter (President And Coo) no longer on Schedule A of Freedom Investment Management, Inc. (listed 2020-06-30, absent 2020-08-24)
      Aug 24, 2020 · Control person left · inference
    • Philip Robert Herrmann (Chief Executive Officer) appeared on Schedule A of Freedom Investment Management, Inc.
      Jun 30, 2020 · Control person joined · fact
    • Robert William Nelson (Shareholder) appeared on Schedule A of Freedom Investment Management, Inc.
      Mar 31, 2020 · Control person joined · fact
    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
    contact@freedomadvisors.comreportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    860-291-1998reportedpublished by the firm, firm site, Sep 17, 2026
    Firm profile
    linkedin.com/company/freedomadvisorsreportedpublic record, Form ADV, Sep 17, 2026
    Website
    freedomadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    860-291-1998reportedpublic record, Form ADV, Feb 4, 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
    $190Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026