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

Boston Advisors, LLC

Former SEC-registered adviserBoston, MassachusettsCRD 140059SEC 801-66535IAPD
Latest filing Mar 29, 2019
First filing on the tape Mar 30, 2012 · 10 filings
RAUM
$2.2B
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
32%
$713M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
40
17 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$2.2B as of Mar 29, 2019
Mar 30, 2012$2.0B then
HNW client RAUM$713M as of Mar 29, 2019
Mar 29, 2018$670M then
State-registered IARs (5.B.3)21 as of Mar 29, 2019
Mar 28, 201313 then
Employees (5.A)40 as of Mar 29, 2019
Mar 28, 201335 then
Private funds: no history
RAUM -56% over the last fiscal year-22% a year over threeIARs 14 to 21
Practice profile
derived from the filing of Mar 29, 2019; every figure names its basis
RAUM per advisor
$107MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
21derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$1.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
92%derivedof RAUM
Institutional
28%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
10.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-56%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-17%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$1.8B, 533 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$713M40%
  • Investment companies$326M18%
  • Insurance companies$242M14%
  • Charitable organizations$153M8.5%
  • Pension and profit-sharing plans$143M8.0%
  • Corporations and businesses$109M6.1%
  • State and municipal entities$92.0M5.1%
  • Pooled investment vehicles$12.0M0.7%
Individual clients
0reported
HNW clients
438reported
Pension plan clients
3reported
Charitable clients
23reported
Accounts
1,343reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$1.8B for 533 clientsreported
Compensation
% of AUM, fixed, 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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Francis Timothy Kirwan · Chief Compliance Officercontrol
      since 11/2018 · owns less than 5%
    • D Richard Shea · Chief Financial Officercontrol
      since 04/2006 · owns less than 5%
    • James Michael Vogelzang · President & Chief Investment Officercontrol
      since 04/2006 · owns 25% to 50%
    • James Michael Vogelzang · Ownercontrol
      since 04/2006 · owns 75% or more of Birdsong Capital, LLC
    • Alan Michael Krupka · Owner
      since 04/2006 · owns 75% or more of Krupka, LLC
    Entity owners
    • Birdsong Capital, LLC · Member
      direct · owns 50% to 75%
    • Knights Of Columbus · Member
      direct · owns 10% to 25%
    • Krupka, LLC · Member
      direct · owns 10% to 25%
    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 · 1,341 to 1,343
      Dec 20, 2018 to Mar 29, 2019
    • Advisory activities · 4 to 5
      Dec 20, 2018 to Mar 29, 2019
    • Charity clients · 32 to 23
      Dec 20, 2018 to Mar 29, 2019
    • Corporate clients · 13 to 6
      Dec 20, 2018 to Mar 29, 2019
    • HNW clients · 994 to 438
      Dec 20, 2018 to Mar 29, 2019
    • Pension plan clients · 10 to 3
      Dec 20, 2018 to Mar 29, 2019
    • Pooled vehicle clients · 0 to 1
      Dec 20, 2018 to Mar 29, 2019
    • Assets in custody · $2.0B to $1.8B
      Dec 20, 2018 to Mar 29, 2019
    • Employees · 39 to 40
      Dec 20, 2018 to Mar 29, 2019
    • Financial planning clients · 51-100 to 101-250
      Dec 20, 2018 to Mar 29, 2019
    • State-registered IARs · 20 to 21
      Dec 20, 2018 to Mar 29, 2019
    • Discretionary RAUM · $2.2B to $2.1B
      Dec 20, 2018 to Mar 29, 2019
    • HNW RAUM · $820M to $713M
      Dec 20, 2018 to Mar 29, 2019
    • Non-discretionary RAUM · $198M to $182M
      Dec 20, 2018 to Mar 29, 2019
    • Pension RAUM · $156M to $143M
      Dec 20, 2018 to Mar 29, 2019
    • Pooled vehicle RAUM · $0 to $12.0M
      Dec 20, 2018 to Mar 29, 2019
    • RAUM · $2.4B to $2.2B
      Dec 20, 2018 to Mar 29, 2019
    • Accounts · 1,337 to 1,341
      Mar 29, 2018 to Dec 20, 2018
    • Charity clients · 13 to 32
      Mar 29, 2018 to Dec 20, 2018
    • Corporate clients · 7 to 13
      Mar 29, 2018 to Dec 20, 2018
    • HNW clients · 530 to 994
      Mar 29, 2018 to Dec 20, 2018
    • Pension plan clients · 0 to 10
      Mar 29, 2018 to Dec 20, 2018
    • Assets in custody · $2.7B to $2.0B
      Mar 29, 2018 to Dec 20, 2018
    • Employees · 45 to 39
      Mar 29, 2018 to Dec 20, 2018
    • State-registered IARs · 14 to 20
      Mar 29, 2018 to Dec 20, 2018
    • Discretionary RAUM · $4.9B to $2.2B
      Mar 29, 2018 to Dec 20, 2018
    • HNW RAUM · $670M to $820M
      Mar 29, 2018 to Dec 20, 2018
    • Non-discretionary RAUM · $200M to $198M
      Mar 29, 2018 to Dec 20, 2018
    • Pension RAUM · $0 to $156M
      Mar 29, 2018 to Dec 20, 2018
    • RAUM · $5.1B to $2.4B
      Mar 29, 2018 to Dec 20, 2018
    • Accounts · 1,388 to 1,337
      Mar 31, 2017 to Mar 29, 2018
    • Charity clients · unset to 13.0
      Mar 31, 2017 to Mar 29, 2018
    • Corporate clients · unset to 7.0
      Mar 31, 2017 to Mar 29, 2018
    • HNW clients · unset to 530.0
      Mar 31, 2017 to Mar 29, 2018
    • Individual clients · unset to 0.0
      Mar 31, 2017 to Mar 29, 2018
    • Pension plan clients · unset to 0.0
      Mar 31, 2017 to Mar 29, 2018
    • Pooled vehicle clients · unset to 0.0
      Mar 31, 2017 to Mar 29, 2018
    • Assets in custody · $4.8B to $2.7B
      Mar 31, 2017 to Mar 29, 2018
    • Financial planning clients · unset to 51-100
      Mar 31, 2017 to Mar 29, 2018
    • Other offices · unset to 1.0
      Mar 31, 2017 to Mar 29, 2018
    Signals
    1 dated events
    • Boston Advisors, Llc reported RAUM $2.4B, down 52% from $5.1B (2018-03-29 to 2018-12-20)
      Dec 20, 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