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

Fernwood Investment Management, LLC

Former SEC-registered adviserQuincy, MassachusettsCRD 126144SEC 801-61950websiteIAPD
Latest filing Aug 1, 2024
First filing on the tape Mar 27, 2012 · 30 filings
SEC status approved since Apr 11, 2003
RAUM
$436M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
94%
$409M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$26.5M gross assets
History
30 filings and snapshots on the tape
RAUM$437M as of Mar 25, 2024
Mar 27, 2012$207M then
HNW client RAUM$391M as of Mar 25, 2024
Mar 28, 2018$337M then
State-registered IARs (5.B.3)4 as of Mar 25, 2024
Mar 28, 20133 then
Employees (5.A)6 as of Mar 25, 2024
Mar 28, 20137 then
Private funds2 as of Mar 25, 2024
Mar 27, 20122 then
RAUM +9.3% over the last fiscal year+3.0% a year over threeIARs 5 to 4
Practice profile
derived from the filing of Aug 1, 2024; every figure names its basis
RAUM per advisor
$109MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
49derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.6MderivedHNW RAUM over HNW clients
Average account
$584,845derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.0%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
+9.6%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
-20%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$6.5M, 18 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$394M90%
  • Pooled investment vehicles$26.5M6.1%
  • Individuals$15.0M3.5%
Individual clients
83reported
HNW clients
111reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
745reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$6.5M for 18 clientsreported
Compensation
% of AUM, performancereported
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
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    3 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Pennmont Fund, L.P.Hedge Fund$20.5M64Mar 27, 2012
    Fernwood Gxt /Prain, LLCPrivate Equity Fund$6.0M30Mar 27, 2019
    Cv Ino longer reportedPrivate Equity Fund$55,00011Mar 27, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Patrick Thomas Reilly · Managing Membercontrol
      since 02/2003 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Hull, Ma000
    Quincy, Ma · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 737 to 745
      Mar 25, 2024 to Apr 4, 2024
    • HNW clients · 116 to 111
      Mar 25, 2024 to Apr 4, 2024
    • Individual clients · 104 to 83
      Mar 25, 2024 to Apr 4, 2024
    • Discretionary RAUM · $431M to $430M
      Mar 25, 2024 to Apr 4, 2024
    • HNW RAUM · $391M to $394M
      Mar 25, 2024 to Apr 4, 2024
    • Individual RAUM · $18.6M to $15.0M
      Mar 25, 2024 to Apr 4, 2024
    • Non-discretionary RAUM · $6.0M to $5.3M
      Mar 25, 2024 to Apr 4, 2024
    • Pooled vehicle RAUM · $26.9M to $26.5M
      Mar 25, 2024 to Apr 4, 2024
    • RAUM · $437M to $436M
      Mar 25, 2024 to Apr 4, 2024
    • Accounts · 878 to 737
      Oct 17, 2023 to Mar 25, 2024
    • Advisory employees · 5 to 4
      Oct 17, 2023 to Mar 25, 2024
    • HNW clients · 119 to 116
      Oct 17, 2023 to Mar 25, 2024
    • Individual clients · 154 to 104
      Oct 17, 2023 to Mar 25, 2024
    • Assets in custody · $8.9M to $6.5M
      Oct 17, 2023 to Mar 25, 2024
    • Employees · 7 to 6
      Oct 17, 2023 to Mar 25, 2024
    • State-registered IARs · 5 to 4
      Oct 17, 2023 to Mar 25, 2024
    • Discretionary RAUM · $390M to $431M
      Oct 17, 2023 to Mar 25, 2024
    • HNW RAUM · $337M to $391M
      Oct 17, 2023 to Mar 25, 2024
    • Individual RAUM · $37.3M to $18.6M
      Oct 17, 2023 to Mar 25, 2024
    • Non-discretionary RAUM · $8.1M to $6.0M
      Oct 17, 2023 to Mar 25, 2024
    • Pooled vehicle RAUM · $24.5M to $26.9M
      Oct 17, 2023 to Mar 25, 2024
    • RAUM · $399M to $437M
      Oct 17, 2023 to Mar 25, 2024
    • HNW clients · 120 to 119
      May 25, 2023 to Oct 17, 2023
    • Pooled vehicle clients · unset to 2.0
      May 25, 2023 to Oct 17, 2023
    • HNW RAUM · $361M to $337M
      May 25, 2023 to Oct 17, 2023
    • Pooled vehicle RAUM · unset to 24500000.0
      May 25, 2023 to Oct 17, 2023
    • Accounts · 689 to 878
      Jan 4, 2023 to Mar 27, 2023
    • Advisory employees · 4 to 5
      Jan 4, 2023 to Mar 27, 2023
    • HNW clients · 112 to 120
      Jan 4, 2023 to Mar 27, 2023
    • Individual clients · 85 to 154
      Jan 4, 2023 to Mar 27, 2023
    • Assets in custody · $43.3M to $8.9M
      Jan 4, 2023 to Mar 27, 2023
    • Employees · 6 to 7
      Jan 4, 2023 to Mar 27, 2023
    • State-registered IARs · 4 to 5
      Jan 4, 2023 to Mar 27, 2023
    • Discretionary RAUM · $435M to $390M
      Jan 4, 2023 to Mar 27, 2023
    • HNW RAUM · $405M to $361M
      Jan 4, 2023 to Mar 27, 2023
    • Individual RAUM · $39.9M to $37.3M
      Jan 4, 2023 to Mar 27, 2023
    • Non-discretionary RAUM · $9.6M to $8.1M
      Jan 4, 2023 to Mar 27, 2023
    • RAUM · $445M to $399M
      Jan 4, 2023 to Mar 27, 2023
    • Accounts · 671 to 689
      Mar 23, 2021 to Mar 28, 2022
    • HNW clients · 109 to 112
      Mar 23, 2021 to Mar 28, 2022
    Signals
    8 dated events
    • Fernwood Investment Management, Llc no longer on the SEC adviser roster (last listed 2025-02-03, RAUM $435.7M)
      Mar 6, 2025 · Left the SEC roster · derived
    • Thomas Patrick Reilly left Fernwood Investment Management, Llc for Cw Advisors, Llc (registered 2025-02-03)
      Feb 7, 2025 · Advisor changed firm · fact
    • Frederick Marcus Warburg left Fernwood Investment Management, Llc for Cw Advisors, Llc (registered 2025-02-05)
      Feb 3, 2025 · Advisor changed firm · fact
    • Kristen Jane Holland left Fernwood Investment Management, Llc for Cw Advisors, Llc (registered 2025-02-05)
      Feb 3, 2025 · Advisor changed firm · fact
    • Fernwood Investment Management, LLC's advisors moved to CW Advisors, LLC (Hull, MA): 3 of 3 registered, within 4 days
      Feb 3, 2025 · Firm absorbed (people side) · derived
    • Jeffrey James Vincent left Fernwood Investment Management, Llc for Vincent Wealth Advisors Llc (registered 2024-09-13)
      Oct 21, 2024 · Advisor changed firm · fact
    • Catherine Vanessa Faddis left Fernwood Investment Management, Llc for Emerge Capital Management (registered 2022-11-17)
      Aug 16, 2023 · Advisor changed firm · fact
    • Fernwood Investment Management, Llc reported RAUM $360.1M, up 66% from $216.7M (2018-01-08 to 2018-03-28)
      Mar 28, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    How to reach
    public business contact points only, each with its source
    Website
    ptallerton.comreportedpublic record, Form ADV, Sep 17, 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
    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