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

Accountants Proprietary Financial Servicenet, LLC

Other adviserPlainview, New YorkCRD 126685SEC 801-62457IAPD
Latest filing Dec 11, 2025
First filing on the tape Jan 4, 2012 · 19 filings
SEC status approved since Oct 23, 2003
RAUM
$464M
reported, Item 5.F
Discretionary
57%
of RAUM
Private clients
11%
$52.0M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$464M
derived; firm RAUM over IAPD count
Employees
3
3 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$464M as of Dec 11, 2025
Jan 4, 2012$272M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Dec 11, 2025
Dec 21, 20120 then
Employees (5.A)3 as of Dec 11, 2025
Dec 21, 20125 then
Private funds: no history
RAUM +26% over the last fiscal year+0.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Dec 11, 2025; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$464MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
57%derivedof RAUM
Institutional
89%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$412M89%
  • Individuals$52.0M11%
Individual clients
67reported
HNW clients
n/areported
Pension plan clients
216reported
Charitable clients
n/areported
Accounts
283reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.11 fund_share=0.0 institutional_share=0.89 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
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
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Robert Daniel Bystrom · Svpcontrol
        since 12/2021 · owns less than 5%
      • Michell Lori Lieser · Vice Presidentcontrol
        since 12/2021 · owns less than 5%
      • Ei Chun Veronica Moo · Directorcontrol
        since 12/2021 · owns less than 5%
      • George Edward O'Malley · Directorcontrol
        since 12/2021 · owns less than 5%
      • Ronald Brett Schneider · Directorcontrol
        since 12/2021 · owns less than 5%
      • Howard Bruce Shapiro · Sr. Investment Specialist / Chief Compliance Officercontrol
        since 12/2021 · owns less than 5%
      Entity owners
      • Improved Funding Techniques, Inc. · Owner
        direct · owns 75% or more
      • Aon, Plc · Owner
        indirect · owns 75% or more of Randolph Finance Unlimited Company · public reporting company
      • Madison Dearborn Partners · General Partner
        indirect · owns F of Patriot Spv Gp, L.P.
      • Nfp Corp. · Owner
        indirect · owns 75% or more of Nfp Retirement Inc.
      • Nfp Holdings, LLC · Owner
        indirect · owns 75% or more of Nfp Parent Co, LLC
      • Nfp Intermediate Holdings A. Corp. · Owner
        indirect · owns 75% or more of Nfp Intermediate Holdings B. Corp.
      • Nfp Intermediate Holdings B. Corp. · Owner
        indirect · owns 75% or more of Nfp Corp.
      • Nfp Parent Co, LLC · Owner
        indirect · owns 75% or more of Nfp Intermediate Holdings A. Corp.
      • Nfp Retirement Inc. · Owner
        indirect · owns 75% or more of Improved Funding Techniques, Inc.
      • Nfp Ultimate Holdings, LLC · Owner
        indirect · owns 75% or more of Nfp Holdings, LLC
      • Patriot Spv Gp, L.P. · General Partner
        indirect · owns F of Patriot Spv, L.P.
      • Patriot Spv, L.P. · Owner
        indirect · owns 25% to 50% of Nfp Ultimate Holdings, LLC
      • Randolph Acquisition Corp. · Owner
        indirect · owns 75% or more of Nfp Intermediate Holdings B. Corp.
      • Randolph Finance Unlimited Company · Owner
        indirect · owns 75% or more of Randolph Acquisition Corp.
      Related persons
      Schedule D 7.A
      Advisers that list Accountants Proprietary Financial Servicenet, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Dec 11, 2025
        institutional share of RAUM of 89% against a peer median of 0% (212 comparable advisers, 100.0th percentile, 29.9 robust deviations)
        peers: other advisers, $100M to $500M (212) · 100% percentile
      • affiliate changedChange between filings · filing Dec 11, 2025
        broker-dealer affiliate (Item 7.A.1): yes on the filing of 2024-12-12, no on the filing of 2025-12-11
        peers: other advisers, $100M to $500M (212)
      How anomalies are measured
      What changed
      consecutive filings, newest first
      • Legal name · ACCOUNTANTS PROPRIETARY FINANCIAL SERVICENET, INC. to ACCOUNTANTS PROPRIETARY FINANCIAL SERVICENET, LLC
        Dec 12, 2024 to Dec 11, 2025
      • Organization form · Corporation to Limited Liability Company
        Dec 12, 2024 to Dec 11, 2025
      • Discretionary RAUM · $260M to $265M
        Dec 12, 2024 to Dec 11, 2025
      • Individual RAUM · $53.3M to $52.0M
        Dec 12, 2024 to Dec 11, 2025
      • Non-discretionary RAUM · $203M to $199M
        Dec 12, 2024 to Dec 11, 2025
      • Pension RAUM · $410M to $412M
        Dec 12, 2024 to Dec 11, 2025
      • RAUM · $463M to $464M
        Dec 12, 2024 to Dec 11, 2025
      • Accounts · 279 to 283
        Dec 12, 2024 to Dec 11, 2025
      • Business name · ACCOUNTANTS PROPRIETARY FINANCIAL SERVICENET, INC. to ACCOUNTANTS PROPRIETARY FINANCIAL SERVICENET, LLC
        Dec 12, 2024 to Dec 11, 2025
      • Individual clients · 75 to 67
        Dec 12, 2024 to Dec 11, 2025
      • Pension plan clients · 204 to 216
        Dec 12, 2024 to Dec 11, 2025
      • Financial planning clients · unset to
        Dec 12, 2024 to Dec 11, 2025
      • Related broker-dealer · true to false
        Dec 12, 2024 to Dec 11, 2025
      • Succession · false to true
        Dec 12, 2024 to Dec 11, 2025
      • Accounts · 249 to 279
        Jul 30, 2024 to Dec 12, 2024
      • Individual clients · 61 to 75
        Jul 30, 2024 to Dec 12, 2024
      • Pension plan clients · 188 to 204
        Jul 30, 2024 to Dec 12, 2024
      • Discretionary RAUM · $214M to $260M
        Jul 30, 2024 to Dec 12, 2024
      • Individual RAUM · $38.3M to $53.3M
        Jul 30, 2024 to Dec 12, 2024
      • Non-discretionary RAUM · $155M to $203M
        Jul 30, 2024 to Dec 12, 2024
      • Pension RAUM · $331M to $410M
        Jul 30, 2024 to Dec 12, 2024
      • RAUM · $369M to $463M
        Jul 30, 2024 to Dec 12, 2024
      • Accounts · 263 to 249
        Dec 9, 2022 to Dec 5, 2023
      • Individual clients · 111 to 61
        Dec 9, 2022 to Dec 5, 2023
      • Pension plan clients · 152 to 188
        Dec 9, 2022 to Dec 5, 2023
      • Discretionary RAUM · $189M to $214M
        Dec 9, 2022 to Dec 5, 2023
      • Individual RAUM · $166M to $38.3M
        Dec 9, 2022 to Dec 5, 2023
      • Non-discretionary RAUM · $133M to $155M
        Dec 9, 2022 to Dec 5, 2023
      • Pension RAUM · $157M to $331M
        Dec 9, 2022 to Dec 5, 2023
      • RAUM · $322M to $369M
        Dec 9, 2022 to Dec 5, 2023
      • Accounts · 275 to 263
        Jan 3, 2022 to Dec 9, 2022
      • Advisory employees · 4 to 3
        Jan 3, 2022 to Dec 9, 2022
      • Individual clients · 8 to 111
        Jan 3, 2022 to Dec 9, 2022
      • Pension plan clients · 267 to 152
        Jan 3, 2022 to Dec 9, 2022
      • Employees · 5 to 3
        Jan 3, 2022 to Dec 9, 2022
      • Discretionary RAUM · $211M to $189M
        Jan 3, 2022 to Dec 9, 2022
      • Individual RAUM · $7.2M to $166M
        Jan 3, 2022 to Dec 9, 2022
      • Non-discretionary RAUM · $249M to $133M
        Jan 3, 2022 to Dec 9, 2022
      • Pension RAUM · $452M to $157M
        Jan 3, 2022 to Dec 9, 2022
      • RAUM · $460M to $322M
        Jan 3, 2022 to Dec 9, 2022
      Signals
      14 dated events
      • Accountants Proprietary Financial Servicenet, Llc reported succeeding to the business of Accountants Proprietary Financial Servicenet, Inc. (Form ADV Item 4)
        Dec 11, 2025 · Succession (Item 4) · fact
      • Accountants Proprietary Financial Servicenet, Llc reported RAUM $322.3M, down 30% from $459.7M (2022-01-03 to 2022-12-09)
        Dec 9, 2022 · RAUM change · derived
      • William Hartstein (Financial Officer) no longer on Schedule A of Accountants Proprietary Financial Servicenet, Llc (listed 2021-10-29, absent 2022-01-03)
        Jan 3, 2022 · Control person left · inference
      • Wesley Neil Boyarsky (Executive Vice President) no longer on Schedule A of Accountants Proprietary Financial Servicenet, Llc (listed 2021-10-29, absent 2022-01-03)
        Jan 3, 2022 · Control person left · inference
      • Barbara Boyarsky (Shareholder) no longer on Schedule A of Accountants Proprietary Financial Servicenet, Llc (listed 2021-10-29, absent 2022-01-03)
        Jan 3, 2022 · Control person left · inference
      • Ronald Brett Schneider (Director) appeared on Schedule A of Accountants Proprietary Financial Servicenet, Llc
        Jan 3, 2022 · Control person joined · fact
      • Ei Chun Veronica Moo (Director) appeared on Schedule A of Accountants Proprietary Financial Servicenet, Llc
        Jan 3, 2022 · Control person joined · fact
      • George Edward O'Malley (Director) appeared on Schedule A of Accountants Proprietary Financial Servicenet, Llc
        Jan 3, 2022 · Control person joined · fact
      • Michell Lori Lieser (Vice President) appeared on Schedule A of Accountants Proprietary Financial Servicenet, Llc
        Jan 3, 2022 · Control person joined · fact
      • Joel Boyarsky (Chairman Of Board;Ceo) no longer on Schedule A of Accountants Proprietary Financial Servicenet, Llc (listed 2021-01-02, absent 2021-03-01)
        Mar 1, 2021 · Control person left · inference
      • Wesley Neil Boyarsky (Executive Vice President) appeared on Schedule A of Accountants Proprietary Financial Servicenet, Llc
        Mar 1, 2021 · Control person joined · fact
      • Barbara Boyarsky (Shareholder) appeared on Schedule A of Accountants Proprietary Financial Servicenet, Llc
        Mar 1, 2021 · Control person joined · fact
      • Wesley Neil Boyarsky (Executive Vice President/Director) no longer on Schedule A of Accountants Proprietary Financial Servicenet, Llc (listed 2018-01-02, absent 2019-01-04)
        Jan 4, 2019 · Control person left · inference
      • Robert Daniel Bystrom (Chief Analyst - Risk Management) appeared on Schedule A of Accountants Proprietary Financial Servicenet, Llc
        Jan 4, 2019 · 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
      Principal office phone
      516-887-4433reportedpublic record, Form ADV, Dec 11, 2025
      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
      Other adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $464Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026