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
National Financial Services, LLC
Latest filing Mar 30, 2022
First filing on the tape Mar 30, 2012 · 18 filings
RAUM
n/a
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2,100
0 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM: no history
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2022
Mar 30, 20120 then
Employees (5.A)2,100 as of Mar 30, 2022
Mar 28, 2013600 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2022; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM 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
- unknownderivedRAUM over accounts (5.F.2.f)
- Discretionary
- unknownderivedof RAUM
- Institutional
- unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- otherreportedItem 5.E
- Advisory activities
- otherreportedItem 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
- is a broker-dealer (6.A.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- n/areported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- n/areported
- 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
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Robert John Adams · Chief Operations Officer/Elected Managercontrolsince 06/2019 · owns less than 5%
- Ronald Edward Depoalo · Head Of Brokerage Operations/Elected Managercontrolsince 11/2017 · owns less than 5%
- Michael Ross Durbin · Chief Executive Officer/Elected Managercontrolsince 10/2017 · owns less than 5%
- Janet Marie Dyer · Chief Compliance Officercontrolsince 03/2021 · owns less than 5%
- Mark Curtis Katzelnick · Elected Managercontrolsince 01/2013 · owns less than 5%
- Michael Joseph Lyons · Chief Financial Officercontrolsince 10/2014 · owns less than 5%
- Thomas John Tesauro · Elected Managercontrolsince 01/2017 · owns less than 5%
- Karen Michele Crupi · Chief Legal Officersince 08/2008 · owns less than 5%
Entity owners
- Fidelity Global Brokerage Group, Inc. · Sole Memberdirect · owns 75% or more
- Fmr LLC · Shareholderindirect · owns 75% or more of Fidelity Global Brokerage Group, Inc.
Related persons
Schedule D 7.A
- 42 North Resource Partners Advisors II LPpooled vehicle sponsorn
- 42 North Resource Partners Advisors LPpooled vehicle sponsorn
- Agilus Ventures Advisors IV Limited Partnershippooled vehicle sponsorn
- Agilus Ventures Advisors IV-E Limited Partnershippooled vehicle sponsorn
- Alimont Ventures Advisors V Limited Partnershippooled vehicle sponsorn
- Avon Venture Advisors Fund I LPpooled vehicle sponsorn
- Avon Venture Advisors Fund II LPpooled vehicle sponsorn
- Ballyrock Investment Advisors LLCinvestment advisernRAUM $11B
- Di Opportunity Advisors Fund LPpooled vehicle sponsorn
- Digital Brokerage Services LLCbroker-dealern
- Empire Fidelity Investments Life Insurance Companyreal estaten
- F-Prime Capital Partners Health It And Services Advisors LPpooled vehicle sponsorn
- F-Prime Capital Partners Healthcare Advisors Fund III LPpooled vehicle sponsorn
- F-Prime Capital Partners Healthcare Advisors Fund IV LPpooled vehicle sponsorn
- F-Prime Capital Partners Healthcare Advisors Fund IV-A LPpooled vehicle sponsorn
- F-Prime Capital Partners Healthcare Advisors Fund LPpooled vehicle sponsorn
- F-Prime Capital Partners Healthcare Advisors Fund V LPpooled vehicle sponsorn
- F-Prime Capital Partners Hits Advisors Fund II LPpooled vehicle sponsorn
- F-Prime Capital Partners Hits Advisors Fund LPpooled vehicle sponsorn
- F-Prime Capital Partners Life Sciences Advisors Fund Vi LPpooled vehicle sponsorn
- F-Prime Capital Partners Life Sciences Advisors Fund Vii LPpooled vehicle sponsorn
- F-Prime Capital Partners Tech Advisors Fund LPpooled vehicle sponsorn
- F-Prime Capital Partners Tech Advisors Fund 2021 LPpooled vehicle sponsorn
- F-Prime Capital Partners Tech Advisors Fund II LPpooled vehicle sponsorn
- Fiam Index Fund Gp, LLCbankpooled vehicle sponsorn
- Fiam Institutional Funds Manager, LLCbankpooled vehicle sponsorn
- Fiam LLCinvestment adviserbankLP sponsornRAUM $348B
- Fidelity (Canada) Asset Management Ulcinvestment advisern
- Fidelity Brokerage Services LLCbroker-dealern
- Fidelity Business Services India Private Limitedinvestment advisern
Advisers that list National Financial Services, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
- Boston, MA1 employees
- New York, NY1 employees
What changed
consecutive filings, newest first
- Other offices · 3 to 2Sep 15, 2020 to Mar 31, 2021
- Other offices · unset to 3.0Jun 7, 2017 to Mar 30, 2018
- BD registered reps · 600 to 1,400Feb 13, 2017 to Mar 31, 2017
- Employees · 600 to 2,100Feb 13, 2017 to Mar 31, 2017
- BD registered reps · unset to 600.0Mar 30, 2012 to Mar 28, 2013
- Employees · unset to 600.0Mar 30, 2012 to Mar 28, 2013
- Related bank · false to trueMar 30, 2012 to Mar 28, 2013
Signals
7 dated events
- Sanjiv Mirchandani (President/Elected Manager) no longer on Schedule A of National Financial Services, Llc (listed 2021-03-31, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Judy Marlinski (Executive Vice President) no longer on Schedule A of National Financial Services, Llc (listed 2021-03-31, absent 2022-03-30)Mar 30, 2022 · Control person left · inference
- Richard John O'Brien (Chief Compliance Officer) no longer on Schedule A of National Financial Services, Llc (listed 2020-09-15, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- Judy Marlinski (Executive Vice President) appeared on Schedule A of National Financial Services, LlcMar 31, 2021 · Control person joined · fact
- Janet Marie Dyer (Chief Compliance Officer) appeared on Schedule A of National Financial Services, LlcMar 31, 2021 · Control person joined · fact
- Robert John Adams (Chief Operations Officer/Elected Manager) appeared on Schedule A of National Financial Services, LlcMar 31, 2020 · Control person joined · fact
- Roger Theodore Servison (Elected Manager) no longer on Schedule A of National Financial Services, Llc (listed 2019-03-29, absent 2020-03-31)Mar 31, 2020 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- National Financial Services, LLC · Private Equityshared crd · intermediary
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