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Former SEC-registered adviser

F•••• L••

Former SEC-registered adviserBoston, MassachusettsCRD 139488SEC 801-69056IAPD
Latest filing Oct 4, 2019
First filing on the tape Mar 30, 2012 · 24 filings
RAUM
$292M
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
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$71.4M gross assets
History
24 filings and snapshots on the tape
RAUM$292M as of Dec 24, 2018
Mar 30, 2012$548M then
HNW client RAUM$0 as of Dec 24, 2018
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Dec 24, 2018
Mar 30, 20120 then
Employees (5.A)3 as of Dec 24, 2018
Mar 22, 20135 then
Private funds1 as of Dec 24, 2018
Mar 28, 20142 then
RAUM -59% over the last fiscal year+34% a year over threeIARs 0 to 0offices 2 to 0
Practice profile
derived from the filing of Oct 4, 2019; 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
$292MderivedRAUM 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
-59%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 vehicles, portfolio management for investment companiesreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$292M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
1reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
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
      7 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      F•• H••••••• C•••••••••Other Private Fund$71.4M1Mar 30, 2012
      A••••••••• G••••• P••••• M••••• F•••• L•Hedge Fund$65.2M9Mar 26, 2013
      G••••• T••••••• ••••••• F•••• L•••no longer reportedHedge Fund$11.1M1Dec 21, 2012
      A••••••••• N••••••• C••••••••• M••••• F•••• L•Hedge Fund$9.0M2Mar 21, 2016
      F••• H••••••• C•••••••••no longer reportedOther Private Fund$2.5M1Mar 30, 2012
      G•• H••••••• C•••••••••no longer reportedHedge Fund$2.1M1Mar 30, 2012
      M•••• H••••••• C•••••••••no longer reportedHedge Fund$839,4581Dec 20, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • G•••••• M••••••• S••••••• · Presidentcontrol
        since 12/2006 · owns less than 5%
      • C•••••••• M•••• L•••• · Treasurer
        since 01/2014 · owns less than 5%
      • D••••• B••••• A•••••• · Chief Compliance Officer
        since 04/2016 · owns less than 5%
      Entity owners
      • F••••••• T•••••••• I••••••••• L•• · Member
        direct · owns 75% or more
      • F••••••• R••••••••• I••• · Member
        indirect · owns 75% or more of F••••••• T•••••••• I••••••••• L•• · public reporting company
      Related persons
      Schedule D 7.A
      Advisers that list F•••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 12 to 1
        Nov 22, 2018 to Dec 24, 2018
      • Advisory employees · 11 to 3
        Nov 22, 2018 to Dec 24, 2018
      • BD registered reps · 1 to 0
        Nov 22, 2018 to Dec 24, 2018
      • Pooled vehicle clients · 9 to 0
        Nov 22, 2018 to Dec 24, 2018
      • Assets in custody · 0.0 to unset
        Nov 22, 2018 to Dec 24, 2018
      • Custody of client assets · true to false
        Nov 22, 2018 to Dec 24, 2018
      • Employees · 15 to 3
        Nov 22, 2018 to Dec 24, 2018
      • Other offices · 2 to 0
        Nov 22, 2018 to Dec 24, 2018
      • Private funds · 3 to 1
        Nov 22, 2018 to Dec 24, 2018
      • Discretionary RAUM · $711M to $292M
        Nov 22, 2018 to Dec 24, 2018
      • Pooled vehicle RAUM · $567M to $0
        Nov 22, 2018 to Dec 24, 2018
      • RAUM · $711M to $292M
        Nov 22, 2018 to Dec 24, 2018
      • Advisory employees · 12 to 11
        Feb 13, 2018 to Mar 29, 2018
      • Advisory activities · 3 to 2
        Feb 13, 2018 to Mar 29, 2018
      • BD registered reps · 0 to 1
        Feb 13, 2018 to Mar 29, 2018
      • Pooled vehicle clients · 0 to 9
        Feb 13, 2018 to Mar 29, 2018
      • Employees · 16 to 15
        Feb 13, 2018 to Mar 29, 2018
      • Discretionary RAUM · $876M to $711M
        Feb 13, 2018 to Mar 29, 2018
      • Pooled vehicle RAUM · $0 to $567M
        Feb 13, 2018 to Mar 29, 2018
      • RAUM · $876M to $711M
        Feb 13, 2018 to Mar 29, 2018
      • Charity clients · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Corporate clients · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • HNW clients · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Individual clients · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Pension plan clients · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Pooled vehicle clients · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Other offices · unset to 2.0
        Apr 19, 2017 to Feb 13, 2018
      • HNW RAUM · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Individual RAUM · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Pension RAUM · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Pooled vehicle RAUM · unset to 0.0
        Apr 19, 2017 to Feb 13, 2018
      • Business name · F• A••••••••• L•• to F•••• L••
        Feb 13, 2018 to Feb 13, 2018
      • Legal name · F• A••••••••• L•• to F•••• L••
        Feb 13, 2018 to Feb 13, 2018
      • Accounts · 3 to 12
        Mar 10, 2017 to Mar 28, 2017
      • Advisory employees · 7 to 12
        Mar 10, 2017 to Mar 28, 2017
      • Business name · F••••••• A••••••••• S••••••••• A•••••••• L•• to F• A••••••••• L••
        Mar 10, 2017 to Mar 28, 2017
      • Employees · 7 to 16
        Mar 10, 2017 to Mar 28, 2017
      • Legal name · F••••••• A••••••••• S••••••••• A•••••••• L•• to F• A••••••••• L••
        Mar 10, 2017 to Mar 28, 2017
      • Private funds · 1 to 3
        Mar 10, 2017 to Mar 28, 2017
      • Discretionary RAUM · $121M to $876M
        Mar 10, 2017 to Mar 28, 2017
      Signals
      3 dated events
      • Clifton John Pickart (Executive Vice President And Chief Financial Officer) no longer on Schedule A of F•••• L•• (listed 2019-02-11, absent 2019-10-04)
        Oct 4, 2019 · Control person left · inference
      • Paul Stephen Burke (Executive Vice President) no longer on Schedule A of F•••• L•• (listed 2019-02-11, absent 2019-10-04)
        Oct 4, 2019 · Control person left · inference
      • F•••• L•• reported RAUM $292.2M, down 59% from $710.8M (2018-11-22 to 2018-12-24)
        Dec 24, 2018 · RAUM change · 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