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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Former SEC-registered adviser

P•••••• A•••••••• L••

Former SEC-registered adviserFramingham, MassachusettsCRD 127217SEC 801-63453IAPD
Latest filing Mar 28, 2023
First filing on the tape Mar 29, 2012 · 23 filings
RAUM
$176M
reported, Item 5.F
Discretionary
76%
of RAUM
Private clients
85%
$149M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
3 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$176M as of Mar 28, 2023
Mar 29, 2012$91.1M then
HNW client RAUM$108M as of Mar 28, 2023
Mar 27, 2018$53.2M then
State-registered IARs (5.B.3)3 as of Mar 28, 2023
Mar 29, 20120 then
Employees (5.A)5 as of Mar 28, 2023
Mar 26, 20132 then
Private funds: no history
RAUM +19% over the last fiscal year+10% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 28, 2023; every figure names its basis
RAUM per advisor
$58.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
49derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.2MderivedHNW RAUM over HNW clients
Average account
$506,727derivedRAUM over accounts (5.F.2.f)
Discretionary
76%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+32%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$108M61%
  • Individuals$40.9M23%
  • Corporations and businesses$26.4M15%
  • Charitable organizations$760,1010.4%
Individual clients
113reported
HNW clients
34reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
347reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • W•••••• F••••••• E••••• · Managing Member / Chief Compliance Officercontrol
    since 05/2003 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 150 to 347
    Mar 21, 2022 to Mar 28, 2023
  • Charity clients · 1.0 to unset
    Mar 21, 2022 to Mar 28, 2023
  • HNW clients · 30 to 34
    Mar 21, 2022 to Mar 28, 2023
  • Individual clients · 81 to 113
    Mar 21, 2022 to Mar 28, 2023
  • Discretionary RAUM · $111M to $133M
    Mar 21, 2022 to Mar 28, 2023
  • HNW RAUM · $80.1M to $108M
    Mar 21, 2022 to Mar 28, 2023
  • Individual RAUM · $37.8M to $40.9M
    Mar 21, 2022 to Mar 28, 2023
  • Non-discretionary RAUM · $36.6M to $42.8M
    Mar 21, 2022 to Mar 28, 2023
  • RAUM · $147M to $176M
    Mar 21, 2022 to Mar 28, 2023
  • Accounts · 234 to 150
    Jun 7, 2021 to Mar 21, 2022
  • Advisory employees · 1 to 3
    Jun 7, 2021 to Mar 21, 2022
  • Charity clients · unset to 1.0
    Jun 7, 2021 to Mar 21, 2022
  • HNW clients · 27 to 30
    Jun 7, 2021 to Mar 21, 2022
  • Individual clients · 106 to 81
    Jun 7, 2021 to Mar 21, 2022
  • Employees · 2 to 5
    Jun 7, 2021 to Mar 21, 2022
  • State-registered IARs · 1 to 3
    Jun 7, 2021 to Mar 21, 2022
  • Discretionary RAUM · $104M to $111M
    Jun 7, 2021 to Mar 21, 2022
  • HNW RAUM · $69.0M to $80.1M
    Jun 7, 2021 to Mar 21, 2022
  • Individual RAUM · $46.0M to $37.8M
    Jun 7, 2021 to Mar 21, 2022
  • Non-discretionary RAUM · $31.1M to $36.6M
    Jun 7, 2021 to Mar 21, 2022
  • RAUM · $135M to $147M
    Jun 7, 2021 to Mar 21, 2022
  • Accounts · 275 to 234
    Jun 29, 2020 to Feb 23, 2021
  • HNW clients · 26 to 27
    Jun 29, 2020 to Feb 23, 2021
  • Individual clients · 121 to 106
    Jun 29, 2020 to Feb 23, 2021
  • Discretionary RAUM · $101M to $104M
    Jun 29, 2020 to Feb 23, 2021
  • HNW RAUM · $45.9M to $69.0M
    Jun 29, 2020 to Feb 23, 2021
  • Individual RAUM · $59.3M to $46.0M
    Jun 29, 2020 to Feb 23, 2021
  • Non-discretionary RAUM · $30.0M to $31.1M
    Jun 29, 2020 to Feb 23, 2021
  • RAUM · $131M to $135M
    Jun 29, 2020 to Feb 23, 2021
  • Accounts · 247 to 275
    Mar 11, 2019 to Mar 11, 2020
  • Advisory employees · 2 to 1
    Mar 11, 2019 to Mar 11, 2020
  • BD registered reps · 1 to 0
    Mar 11, 2019 to Mar 11, 2020
  • HNW clients · 25 to 26
    Mar 11, 2019 to Mar 11, 2020
  • Individual clients · 82 to 121
    Mar 11, 2019 to Mar 11, 2020
  • Employees · 5 to 2
    Mar 11, 2019 to Mar 11, 2020
  • Insurance-licensed employees · 1 to 0
    Mar 11, 2019 to Mar 11, 2020
  • Financial planning clients · 51-100 to 1-10
    Mar 11, 2019 to Mar 11, 2020
  • State-registered IARs · 2 to 1
    Mar 11, 2019 to Mar 11, 2020
  • Other offices · 1 to 0
    Mar 11, 2019 to Mar 11, 2020
  • Discretionary RAUM · $91.1M to $101M
    Mar 11, 2019 to Mar 11, 2020
Signals
3 dated events
  • R••••• E•••• W•••••• left P•••••• A•••••••• L•• for P•••••• I••••••••• A•••••••• L•• (registered 2023-04-12)
    May 31, 2023 · a•••••• firm change · fact
  • M•••••• P•••••• G••• left P•••••• A•••••••• L•• for P•••••• I••••••••• A•••••••• L•• (registered 2023-04-05)
    May 31, 2023 · a•••••• firm change · fact
  • 2 advisors left P•••••• A•••••••• L•• (Framingham, MA) for P•••••• I••••••••• A•••••••• L•• on the same day
    May 31, 2023 · Team lift-out · 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