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
Twin Focus Capital Partners, LLC
Latest filing Apr 30, 2026
First filing on the tape Nov 29, 2011 · 47 filings
SEC status approved since May 23, 2006
RAUM
$4.6B
reported, Item 5.F
Discretionary
76%
of RAUM
Private clients
98%
$4.5B individuals and HNW
Advisors
16
registered through the firm on IAPD
RAUM per advisor
$287M
derived; firm RAUM over IAPD count
Employees
37
18 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
6
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$4.6B as of Apr 30, 2026
Mar 30, 2012$583M then
HNW client RAUM$4.5B as of Apr 30, 2026
Mar 31, 2018$2.4B then
State-registered IARs (5.B.3)18 as of Apr 30, 2026
Mar 30, 20120 then
Employees (5.A)37 as of Apr 30, 2026
Apr 1, 201315 then
Private funds6 as of Apr 30, 2026
Mar 31, 20213 then
RAUM +13% over the last fiscal year+15% a year over threeIARs 14 to 18
Practice profile
derived from the filing of Apr 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Multi-family-office-like · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, average HNW client assets at least $25M, fewer than 200 HNW clients, and business name contains 'family office' or private funds are reported
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $287MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 5derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $60.9MderivedHNW RAUM over HNW clients
- Average account
- $59.5MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 76%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 16.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +29%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.7%derived
- Compensation
- percentage of assets, hourly, 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, selection of other advisersreportedItem 5.G
- Custody
- $2.1B, 59 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)
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$4.5B99%
- Pooled investment vehicles$55.3M1.2%
- Individuals$617,4240.0%
- Individual clients
- 1reported
- HNW clients
- 74reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 77reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.1B for 59 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.98 fund_share=0.01 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
16 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Paul N KargerChartered Financial Analyst | Boston, Ma | Jun 14, 2006 | 26 y | 1 |
| Wesley KargerChartered Financial Analyst | Boston, Ma | Jun 14, 2006 | 22 y | 1 |
| John PantekidisChartered Financial Analyst | Boston, Ma | Jan 31, 2007 | 22 y | 0 |
| Laurence John Solomon GrosbaumChartered Financial Analyst | Boston, Ma | Jun 29, 2010 | 16 y | 0 |
| Jeffrey Charles HeislerChartered Financial Analyst | Boston, Ma | Mar 25, 2014 | 15 y | 2 |
| Michael GibbonsCertified Financial Planner | Boston, Ma | Sep 17, 2015 | 11 y | 0 |
| Carlton Winthrop Bradshaw | Boston, Ma | Dec 21, 2023 | 11 y | 0 |
| Jonathan Robert Pate | Boston, Ma | Jan 30, 2024 | 13 y | 0 |
| Brett S Feldman | Boston, Ma | Jun 18, 2024 | 14 y | 1 |
| Ona R VredenburgCertified Financial Planner | Boston, Ma | May 22, 2025 | 11 y | 0 |
| Paul A Thompson | Boston, Ma | Oct 23, 2025 | 13 y | 0 |
| Andreas Joseph MigliaccioChartered Financial Analyst | Boston, Ma | Nov 26, 2025 | 12 y | 0 |
| Wendy KarkoskaCertified Financial Planner | Boston, Ma | Jan 2, 2026 | 23 y | 5 |
| Catherine Theisen Clough | Boston, Ma | Jan 2, 2026 | 12 y | 1 |
| Joshua KazlauskasChartered Financial Analyst | Boston, Ma | Jan 13, 2026 | 12 y | 0 |
| Matthew Stefan Marsallo | Boston, Ma | Apr 23, 2026 | 11 y | 0 |
Advisor movement
2 left, 3 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 13% of current headcount4 left over 36 months
Left, latest
- Aaron Eduard Stolpen to Legacy Advisors, LLCJun 1, 2026 · RIA to RIA
- Josette Beatrice to Windrose Advisors LLCJun 1, 2026 · RIA to RIA
- Heather Marie Canty to Claro Advisors Inc.Aug 19, 2024 · RIA to RIA
- Taylor Lynn Kale to Proficio Capital Partners LLCAug 19, 2024 · RIA to RIA
- Cameron Joseph Iarrobino to Shp Wealth Management, LLCJun 20, 2023 · RIA to RIA
- Allison Rose Robinson to Ballentine PartnersJun 16, 2022 · RIA to RIA
- Cameron Reza Rahbar to Anchor Capital Advisors LLCMay 2, 2022 · RIA to RIA
- Jenna Marie Ricci to Southstate Private Capital Management LLCFeb 15, 2022 · RIA to RIA
- Francesca Anselmo to Morgan StanleyFeb 15, 2022 · RIA to wirehouse
- James M Lawless to J.P. Morgan Private Wealth Advisors LLCMar 12, 2021 · RIA to affiliated broker-dealer or bank
- Alanna Paiva Robinson to Scs Capital Management LLCDec 23, 2020 · RIA to RIA
- Dillon James Russo to Blackrock Investment Management, LLCDec 22, 2020 · Other
- Erica Irene Graham to Bolton Global Asset ManagementNov 15, 2019 · RIA to RIA
- Maria Louise Callaghan to Creative Planning Institutional Advisors, LLCSep 7, 2017 · Other
- Mark Joseph Alaimo to Kestra Advisory Services, LLCAug 9, 2016 · Other
Joined, latest
- Aaron Eduard Stolpen from Legacy Advisors, LLCApr 23, 2026 · RIA to RIA
- Wendy Karkoska from Raymond James & Associates, Inc.Jan 2, 2026 · Affiliated broker-dealer or bank to independent RIA
- Catherine Theisen Clough from Breckinridge Capital Advisors IncJan 2, 2026 · RIA to RIA
- Brett S Feldman from Citigroup Global Markets Inc.Jun 18, 2024 · Affiliated broker-dealer or bank to independent RIA
- Taylor Lynn Kale from Boston Family Advisors LLCJul 14, 2023 · RIA to RIA
- Cameron Joseph Iarrobino from Global Retirement Partners LLCMar 16, 2021 · Other
- Cameron Reza Rahbar from Svb WealthFeb 22, 2019 · RIA to RIA
- Maria Louise Callaghan from Sentinel Pension Advisors, LLC.Nov 15, 2016 · Other
- James M Lawless from Shepherd Kaplan LLCJun 15, 2016 · Other
- Mark Joseph Alaimo from Wealth Management Advisors, LLCDec 23, 2015 · Other
- Jeffrey Charles Heisler from Focus Partners Wealth, LLCMar 25, 2014 · Other
- Paige Martin Earls from Windhaven Investment Management, Inc.Oct 7, 2013 · Other
- Paul N Karger from UBS Financial Services Inc.Jun 14, 2006 · Other
- Wesley Karger from UBS Financial Services Inc.Jun 14, 2006 · Other
Private funds
8 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Tfrp Qof Columbus-Raleigh 2022, LLC | Other Private Fund | $21.2M | 16 | Mar 28, 2024 |
| Tfrp Savannah 2020, LLC | Other Private Fund | $12.1M | 19 | Mar 31, 2021 |
| Tf Special Opportunities - Salvera, LLCno longer reported | Other Private Fund | $11.9M | 17 | Mar 31, 2021 |
| Tfrp Qof Karlota 2021, LLCno longer reported | Other Private Fund | $11.3M | 11 | Mar 31, 2022 |
| Tf Special Opportunities - Ppr Series II, LLC | Other Private Fund | $7.3M | 17 | Mar 31, 2022 |
| Tfrp Qof Aria 2019, LLC | Other Private Fund | $6.8M | 15 | Mar 31, 2021 |
| Tf Special Opportunities - Ppr Series III, LLC | Other Private Fund | $4.3M | 14 | Mar 31, 2022 |
| Tf Special Opportunities - Ppr, LLC | Other Private Fund | $3.7M | 21 | Mar 31, 2022 |
Owners and control persons
Schedule A and B, latest filing
- Paul Karger · Managing Membercontrolsince 06/2006 · owns 25% to 50%
- Wesley Karger · Managing Member Compliance Officer, General Counselcontrolsince 06/2006 · owns 25% to 50%
- John Pantekidis · General Counselcontrolsince 09/2014 · owns 10% to 25%
- Angelo David Daglio · Global Investment Strategistsince 10/2023 · owns less than 5%
- Colleen Elizabeth Gardner · Managing Director, Chief Compliance Officersince 11/2022 · owns less than 5%
- John Laurence Grosbaum · Managing Director, Portfoliosince 12/2023 · owns less than 5%
- Thomas Jonathan Perry · Chief Financial Officer, Chief Operating Officersince 12/2020 · owns less than 5%
Related persons
Schedule D 7.A
- Tf Linnaea Partners LLCpooled vehicle sponsorn
- Tf Managers, LLCpooled vehicle sponsorn
- Tf Partners Fund LLCpooled vehicle sponsorn
- Tf Realty Partners, LLCpooled vehicle sponsorn
- Tfrp Mike LPpooled vehicle sponsorn
- Tfso Partners, LLCpooled vehicle sponsorn
- Tridelphia Partners, LLCpooled vehicle sponsorn
- Twinfocus Global Partners, LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 16 | 6 | 2 |
Offices
Schedule D 1.F, the 25 largest
- London, United Kingdom
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- unusually large average accountStatic outlier · filing Apr 30, 2026RAUM per account of $59,541,550 against a peer median of $812,622 (1332 comparable advisers, 100.0th percentile, 39.6 robust deviations)peers: independent wealth managers, $1B to $5B (1,332) · 100% percentile
- unusually large average HNW clientStatic outlier · filing Apr 30, 2026HNW RAUM per HNW client of $60,927,466 against a peer median of $3,645,749 (1308 comparable advisers, 100.0th percentile, 28.4 robust deviations)peers: independent wealth managers, $1B to $5B (1,308) · 100% percentile
- control person changedChange between filings · filing Apr 30, 2026PANTEKIDIS, JOHN (GENERAL COUNSEL) left Schedule A between the filings of 2024-03-28 and 2026-04-30peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Advisory employees · 16 to 18Jul 3, 2025 to Apr 30, 2026
- HNW clients · 65 to 74Jul 3, 2025 to Apr 30, 2026
- Individual clients · 4 to 1Jul 3, 2025 to Apr 30, 2026
- Assets in custody · $1.9B to $2.1BJul 3, 2025 to Apr 30, 2026
- State-registered IARs · 14 to 18Jul 3, 2025 to Apr 30, 2026
- Discretionary RAUM · $2.9B to $3.5BJul 3, 2025 to Apr 30, 2026
- HNW RAUM · $4.0B to $4.5BJul 3, 2025 to Apr 30, 2026
- Individual RAUM · $2.4M to $617,424Jul 3, 2025 to Apr 30, 2026
- Non-discretionary RAUM · $1.2B to $1.1BJul 3, 2025 to Apr 30, 2026
- Pooled vehicle RAUM · $51.5M to $55.3MJul 3, 2025 to Apr 30, 2026
- RAUM · $4.0B to $4.6BJul 3, 2025 to Apr 30, 2026
- Financial planning clients · 51-100 to 51-100Jun 17, 2025 to Jul 3, 2025
- Accounts · 71 to 77Jul 25, 2024 to Mar 27, 2025
- Advisory employees · 20 to 16Jul 25, 2024 to Mar 27, 2025
- HNW clients · 66 to 65Jul 25, 2024 to Mar 27, 2025
- Pooled vehicle clients · 7 to 6Jul 25, 2024 to Mar 27, 2025
- Assets in custody · $1.6B to $1.9BJul 25, 2024 to Mar 27, 2025
- State-registered IARs · 10 to 14Jul 25, 2024 to Mar 27, 2025
- Other offices · 1 to 0Jul 25, 2024 to Mar 27, 2025
- Discretionary RAUM · $2.4B to $2.9BJul 25, 2024 to Mar 27, 2025
- HNW RAUM · $3.5B to $4.0BJul 25, 2024 to Mar 27, 2025
- Individual RAUM · $2.9M to $2.4MJul 25, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $1.2B to $1.2BJul 25, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · $47.7M to $51.5MJul 25, 2024 to Mar 27, 2025
- RAUM · $3.6B to $4.0BJul 25, 2024 to Mar 27, 2025
- Accounts · 75 to 71Nov 14, 2023 to Mar 28, 2024
- Advisory employees · 22 to 20Nov 14, 2023 to Mar 28, 2024
- Individual clients · 8 to 4Nov 14, 2023 to Mar 28, 2024
- Assets in custody · $1.3B to $1.6BNov 14, 2023 to Mar 28, 2024
- Employees · 35 to 37Nov 14, 2023 to Mar 28, 2024
- Discretionary RAUM · $2.1B to $2.4BNov 14, 2023 to Mar 28, 2024
- HNW RAUM · $3.0B to $3.5BNov 14, 2023 to Mar 28, 2024
- Individual RAUM · $5.0M to $2.9MNov 14, 2023 to Mar 28, 2024
- Non-discretionary RAUM · $908M to $1.2BNov 14, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $31.5M to $47.7MNov 14, 2023 to Mar 28, 2024
- RAUM · $3.0B to $3.6BNov 14, 2023 to Mar 28, 2024
- Accounts · 124 to 75Mar 31, 2022 to Mar 31, 2023
- HNW clients · 64 to 66Mar 31, 2022 to Mar 31, 2023
- Individual clients · 10 to 8Mar 31, 2022 to Mar 31, 2023
- Assets in custody · $1.2B to $1.3BMar 31, 2022 to Mar 31, 2023
Signals
13 dated events
- Aaron Eduard Stolpen left Twin Focus Capital Partners, Llc for Legacy Advisors, Llc (registered 2026-08-13)Jun 1, 2026 · Advisor changed firm · fact
- Josette Beatrice left Twin Focus Capital Partners, Llc for Windrose Advisors Llc (registered 2026-08-12)Jun 1, 2026 · Advisor changed firm · fact
- Taylor Lynn Kale left Twin Focus Capital Partners, Llc for Proficio Capital Partners Llc (registered 2025-01-14)Aug 19, 2024 · Advisor changed firm · fact
- Heather Marie Canty left Twin Focus Capital Partners, Llc for Claro Advisors Inc. (registered 2024-10-09)Aug 19, 2024 · Advisor changed firm · fact
- Cameron Joseph Iarrobino left Twin Focus Capital Partners, Llc for Shp Wealth Management, Llc (registered 2023-07-14)Jun 20, 2023 · Advisor changed firm · fact
- Twin Focus Capital Partners, Llc reported 10 state-registered advisory representatives, down from 22 (2022-03-31 to 2023-03-31)Mar 31, 2023 · Advisor headcount change · derived
- Allison Rose Robinson left Twin Focus Capital Partners, Llc for Ballentine Partners (registered 2026-02-09)Jun 16, 2022 · Advisor changed firm · fact
- Cameron Reza Rahbar left Twin Focus Capital Partners, Llc for Anchor Capital Advisors Llc (registered 2022-11-10)May 2, 2022 · Advisor changed firm · fact
- Jenna Marie Ricci left Twin Focus Capital Partners, Llc for Southstate Private Capital Management Llc (registered 2025-11-17)Feb 15, 2022 · Advisor changed firm · fact
- Francesca Anselmo left Twin Focus Capital Partners, Llc for Morgan Stanley (registered 2026-04-17)Feb 15, 2022 · Advisor changed firm · fact
- William Kenneth Cooperman (Chief Compliance Officer) no longer on Schedule A of Twin Focus Capital Partners, Llc (listed 2019-08-20, absent 2019-09-13)Sep 13, 2019 · Control person left · inference
- William Kenneth Cooperman (Chief Compliance Officer) appeared on Schedule A of Twin Focus Capital Partners, LlcMay 17, 2019 · Control person joined · fact
- Michael Robert Petry (Cco) no longer on Schedule A of Twin Focus Capital Partners, Llc (listed 2019-02-05, absent 2019-03-29)Mar 29, 2019 · Control person left · inference
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
- Firm profile
- linkedin.com/company/tfrpreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/twin-focus-capital-partners-llcreportedpublic record, Form ADV, Sep 17, 2026
- Website
- twinfocusrealty.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 617-720-4500reportedpublic record, Form ADV, Apr 30, 2026
- Team page
- twinfocusrealestatepartners.com/who/team/john-pantekidis-jd-reportedpublished 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
- $287Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
Twin Focus Capital Partners, LLC is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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