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

N•••••• C•••••• L••

Former SEC-registered adviserBoston, MassachusettsCRD 137523SEC 801-65638IAPD
Latest filing Jan 22, 2018
First filing on the tape Mar 30, 2012 · 15 filings
RAUM
$1.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
9
$2.3B gross assets
History
15 filings and snapshots on the tape
RAUM$1.8B as of Mar 30, 2017
Mar 30, 2012$1.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2017
Mar 30, 20120 then
Employees (5.A)14 as of Mar 30, 2017
Mar 28, 201314 then
Private funds9 as of Mar 30, 2017
Mar 30, 20123 then
RAUM -16% over the last fiscal year-0.8% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jan 22, 2018; 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
$146MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-16%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 assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$5.5M, 4 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
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
12reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$5.5M for 4 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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      5 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      E•••••• P•••• C••• L••Securitized Asset Fund$86.7M0Mar 29, 2016
      A•••• S••••• C••• L••Securitized Asset Fund$48.6M0Mar 29, 2016
      F••••••• O••••••• C•••••• I• •••• L•••no longer reportedHedge Fund$10.3M8Mar 30, 2012
      F••••••• O••••••• S•••••• V•••• M••••• F•••• L•••Hedge Fund$4.2M32Mar 30, 2012
      F••••••• O••••••• M••••• F•••• L•••Hedge Fund$1.3M18Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B•••• J•••• K•••• · Managing Directorcontrol
        since 12/2017 · owns less than 5%
      • B••••• R•••••• K•••• · Vice President And Managercontrol
        since 10/2015 · owns less than 5%
      • C•••••• T••••••• J••• · Managing Directorcontrol
        since 12/2017 · owns less than 5%
      • C••••••• D•••••• K••••• · Vice President And Controllercontrol
        since 10/2015 · owns less than 5%
      • D••••• S••••• M•••••• · Vice President And Clo Portfolio Managercontrol
        since 04/2006 · owns less than 5%
      • F••••• B••••• N•• · Chief Compliance Officercontrol
        since 05/2017 · owns less than 5%
      • M•••••• M••••• A••• · Chief Executive Officer And Presidentcontrol
        since 12/2017 · owns less than 5%
      • M•••••••• D•••••• D•••••• · Chief Investment Officercontrol
        since 07/2017 · owns less than 5%
      • O••••••• D•••• · Secretary And General Counselcontrol
        since 12/2017 · owns less than 5%
      • P••••••• K••••••••• L••• · Chief Financial Officer And Treasurercontrol
        since 12/2017 · owns less than 5%
      Entity owners
      • N•••••• F••••••••• I•• · Member
        direct · owns 75% or more · public reporting company
      • B•• C• H••••••• L••• · Shareholder
        indirect · owns 50% to 75% of F•••• E•••• H•••••••• I•••
      • B••••••••• C•••••• P••••••• V• L••• · Limited Partner
        indirect · owns 25% to 50% of B•• C• H••••••• L•••
      • B••••••••• H••••••• I•• G• L••• · General Partner
        indirect · owns F of B••••••••• H••••••• I•• L•••
      • B••••••••• H••••••• I•• G• M••••••••• L•• · General Partner
        indirect · owns F of B••••••••• H••••••• I•• G• L•••
      • B••••••••• H••••••• I•• L••• · Managing Member
        indirect · owns 50% to 75% of B•• V• L••
      • B••••••••• M••••••••• A••••••••• V• L•• · General Partner
        indirect · owns F of B••••••••• C•••••• P••••••• V• L•••
      • B•• V• L•• · Sole Member
        indirect · owns 75% or more of B••••••••• M••••••••• A••••••••• V• L••
      • C•••••• C•••••• L•• · General Partner
        indirect · owns F of C•••••• M••••• M••••••••• L•••
      • C•••••• M••••• I•••••••• L••• · Limited Partner
        indirect · owns 75% or more of C•••••• M••••• L•••
      • C•••••• M••••• L••• · Limited Partner
        indirect · owns 25% to 50% of B•• C• H••••••• L•••
      • C•••••• M••••• M••••••••• L••• · General Partner
        indirect · owns F of C•••••• M••••• I•••••••• L•••
      • F• H•••••• L•• · Owner
        indirect · owns 75% or more of N•••••• F••••••••• I••
      • F•••• E•••• H•••••••• I••• · Managing Member And Parent Company
        indirect · owns 75% or more of F• H•••••• L••
      • M••••••••• M••••••••• L•• · Shareholder
        indirect · owns 75% or more of C•••••• C•••••• L••
      • T•• B••••••••• G•••• L••• · Sole Member
        indirect · owns 75% or more of B••••••••• H••••••• I•• G• M••••••••• L•• · public reporting company
      Related persons
      Schedule D 7.A
      Advisers that list N•••••• C•••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Pooled vehicle clients · unset to 5.0
        Apr 27, 2017 to Jan 22, 2018
      • Other offices · unset to 0.0
        Apr 27, 2017 to Jan 22, 2018
      • Accounts · 13 to 12
        Jan 31, 2017 to Mar 30, 2017
      • Assets in custody · $239M to $5.5M
        Jan 31, 2017 to Mar 30, 2017
      • Employees · 19 to 14
        Jan 31, 2017 to Mar 30, 2017
      • Insurance-licensed employees · 5 to 0
        Jan 31, 2017 to Mar 30, 2017
      • Private funds · 8 to 9
        Jan 31, 2017 to Mar 30, 2017
      • Discretionary RAUM · $2.1B to $1.8B
        Jan 31, 2017 to Mar 30, 2017
      • RAUM · $2.1B to $1.8B
        Jan 31, 2017 to Mar 30, 2017
      • Insurance-licensed employees · 0 to 5
        Oct 16, 2015 to Mar 29, 2016
      • Private funds · 2 to 8
        Oct 16, 2015 to Mar 29, 2016
      • Discretionary RAUM · $2.4B to $2.1B
        Oct 16, 2015 to Mar 29, 2016
      • RAUM · $2.4B to $2.1B
        Oct 16, 2015 to Mar 29, 2016
      • Employees · 16 to 19
        Mar 25, 2015 to Oct 16, 2015
      • Related adviser · false to true
        Mar 25, 2015 to Oct 16, 2015
      • Business name · F•• P••••••• to N•••••• C•••••• L••
        Oct 16, 2015 to Oct 16, 2015
      • Legal name · F••••••• O••••••• CAPITAL, L.L.C. to N•••••• C•••••• L••
        Oct 16, 2015 to Oct 16, 2015
      • Accounts · 12 to 13
        Mar 26, 2014 to Mar 25, 2015
      • Advisory employees · 8 to 9
        Mar 26, 2014 to Mar 25, 2015
      • Assets in custody · $412M to $239M
        Mar 26, 2014 to Mar 25, 2015
      • Private funds · 3 to 2
        Mar 26, 2014 to Mar 25, 2015
      • Discretionary RAUM · $1.8B to $2.4B
        Mar 26, 2014 to Mar 25, 2015
      • RAUM · $1.8B to $2.4B
        Mar 26, 2014 to Mar 25, 2015
      • Accounts · 10 to 12
        Jan 23, 2014 to Mar 26, 2014
      • Advisory employees · 9 to 8
        Jan 23, 2014 to Mar 26, 2014
      • Business name · F••••••• O••••••• C••••••• L•• to F•• P•••••••
        Jan 23, 2014 to Mar 26, 2014
      • Assets in custody · $309M to $412M
        Jan 23, 2014 to Mar 26, 2014
      • Employees · 14 to 16
        Jan 23, 2014 to Mar 26, 2014
      • Discretionary RAUM · $1.3B to $1.8B
        Jan 23, 2014 to Mar 26, 2014
      • RAUM · $1.3B to $1.8B
        Jan 23, 2014 to Mar 26, 2014
      • Accounts · 12 to 10
        Mar 30, 2012 to Mar 28, 2013
      • Advisory employees · unset to 9.0
        Mar 30, 2012 to Mar 28, 2013
      • Assets in custody · $259M to $309M
        Mar 30, 2012 to Mar 28, 2013
      • Employees · unset to 14.0
        Mar 30, 2012 to Mar 28, 2013
      • Legal name · F••••••• O••••••• C••••••• L•• to F••••••• O••••••• CAPITAL, L.L.C.
        Mar 30, 2012 to Mar 28, 2013
      • Discretionary RAUM · $1.4B to $1.3B
        Mar 30, 2012 to Mar 28, 2013
      • RAUM · $1.4B to $1.3B
        Mar 30, 2012 to Mar 28, 2013
      Signals
      No event on the tape.
      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