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
Glenwood Investment Group, LLC
Latest filing Mar 6, 2026
First filing on the tape Mar 7, 2012 · 11 filings
SEC status approved since Oct 8, 2021
RAUM
$199M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
100%
$199M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$66.5M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$199M as of Mar 6, 2026
Mar 7, 2012$39.3M then
HNW client RAUM: $105M
State-registered IARs (5.B.3)1 as of Mar 6, 2026
Mar 7, 20120 then
Employees (5.A)4 as of Mar 6, 2026
Mar 31, 20226 then
Private funds: no history
RAUM +17% over the last fiscal year+15% a year over threeIARs 1 to 1offices 5 to 4
Practice profile
derived from the filing of Mar 6, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $66.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 123derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $536,092derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 0.6derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, publicationsreportedItem 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 an insurance broker or agent (6.A.6)
- 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$105M53%
- Individuals$94.3M47%
- Charitable organizations$307,2680.2%
- Individual clients
- 319reported
- HNW clients
- 51reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 372reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Charles Leonard StephenChartered Financial Consultant | Manchester, Nh | Jan 4, 2005 | 33 y | 2 |
| Thomas John StephenCertified Financial Planner | Manchester, Nh | Aug 28, 2018 | 10 y | 1 |
| John Thomas Dougherty | Manchester, Nh | Sep 4, 2025 | 11 y | 2 |
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
- John Thomas Dougherty from MML Investors Services, LLCSep 4, 2025 · Affiliated broker-dealer or bank to independent RIA
- Thomas John Stephen from Valmark Advisers, Inc.Aug 28, 2018 · Other
- Charles Leonard Stephen from Affinity Investment Group, LLCJan 4, 2005 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- John Thomas Stephen · Principal; Chief Compliance Officercontrolsince 03/2022 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Manchester, Nh · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Bradenton, FL1 employees
- Claremont, NH1 employees
- Nashua, NH1 employees
- North Andover, MA1 employees
- Portsmouth, NH1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Mar 6, 2026accounts (Item 5.F.2.f) moved from 943.0 to 372.0 (-61.0%) between the annual amendments of 2025-03-07 and 2026-03-06; the peer median change was +5.0% (3687 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 2.1% percentile
What changed
consecutive filings, newest first
- Accounts · 943 to 372Mar 7, 2025 to Mar 6, 2026
- Advisory employees · 1 to 2Mar 7, 2025 to Mar 6, 2026
- HNW clients · unset to 51.0Mar 7, 2025 to Mar 6, 2026
- Individual clients · 376 to 319Mar 7, 2025 to Mar 6, 2026
- Employees · 5 to 4Mar 7, 2025 to Mar 6, 2026
- Other offices · 5 to 4Mar 7, 2025 to Mar 6, 2026
- Discretionary RAUM · $166M to $192MMar 7, 2025 to Mar 6, 2026
- HNW RAUM · unset to 104817545.0Mar 7, 2025 to Mar 6, 2026
- Individual RAUM · $170M to $94.3MMar 7, 2025 to Mar 6, 2026
- Non-discretionary RAUM · $4.9M to $7.2MMar 7, 2025 to Mar 6, 2026
- RAUM · $171M to $199MMar 7, 2025 to Mar 6, 2026
- Accounts · 355 to 943Mar 21, 2024 to Mar 7, 2025
- Charity clients · unset to 2.0Mar 21, 2024 to Mar 7, 2025
- Individual clients · 355 to 376Mar 21, 2024 to Mar 7, 2025
- Financial planning clients · 11-25 to 11-25Mar 21, 2024 to Mar 7, 2025
- Discretionary RAUM · $136M to $166MMar 21, 2024 to Mar 7, 2025
- Individual RAUM · $141M to $170MMar 21, 2024 to Mar 7, 2025
- Non-discretionary RAUM · $5.8M to $4.9MMar 21, 2024 to Mar 7, 2025
- RAUM · $142M to $171MMar 21, 2024 to Mar 7, 2025
- Accounts · 885 to 355Mar 30, 2023 to Mar 21, 2024
- Discretionary RAUM · $126M to $136MMar 30, 2023 to Mar 21, 2024
- Individual RAUM · $131M to $141MMar 30, 2023 to Mar 21, 2024
- Non-discretionary RAUM · $5.1M to $5.8MMar 30, 2023 to Mar 21, 2024
- RAUM · $131M to $142MMar 30, 2023 to Mar 21, 2024
- Accounts · 888 to 885Mar 31, 2022 to Mar 30, 2023
- Advisory employees · 3 to 1Mar 31, 2022 to Mar 30, 2023
- Advisory activities · 4 to 3Mar 31, 2022 to Mar 30, 2023
- Individual clients · 350 to 355Mar 31, 2022 to Mar 30, 2023
- Employees · 6 to 5Mar 31, 2022 to Mar 30, 2023
- Financial planning clients · 26-50 to 11-25Mar 31, 2022 to Mar 30, 2023
- State-registered IARs · 3 to 1Mar 31, 2022 to Mar 30, 2023
- Discretionary RAUM · $123M to $126MMar 31, 2022 to Mar 30, 2023
- Individual RAUM · $133M to $131MMar 31, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $10.2M to $5.1MMar 31, 2022 to Mar 30, 2023
- RAUM · $133M to $131MMar 31, 2022 to Mar 30, 2023
- Accounts · 847 to 888Sep 11, 2021 to Mar 31, 2022
- Individual clients · 334 to 350Sep 11, 2021 to Mar 31, 2022
- Discretionary RAUM · $127M to $123MSep 11, 2021 to Mar 31, 2022
- Individual RAUM · $133M to $133MSep 11, 2021 to Mar 31, 2022
- Non-discretionary RAUM · $6.4M to $10.2MSep 11, 2021 to Mar 31, 2022
Signals
1 dated events
- Glenwood Investment Group, Llc filed its initial SEC registration (Form ADV)Jun 30, 2021 · First SEC registration · 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 phone
- 866-491-9675reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 603-606-3391reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 603-626-6066reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- GLENWOODINVESTMENT.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 603-606-3391reportedpublic record, Form ADV, Mar 6, 2026
- Contact form
- glenwoodinvestment.com/contactreportedpublished by the firm, firm site, Sep 16, 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
- $66.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026