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
B••••• H••• A•••••••• L••
Latest filing Mar 30, 2023
First filing on the tape Mar 9, 2012 · 28 filings
RAUM
$988M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
96%
$953M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
20
12 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$988M as of Mar 30, 2023
Mar 9, 2012$257M then
HNW client RAUM$634M as of Mar 30, 2023
Feb 20, 2018$340M then
State-registered IARs (5.B.3)12 as of Mar 30, 2023
Mar 9, 20120 then
Employees (5.A)20 as of Mar 30, 2023
Jan 28, 20137 then
Private funds: no history
RAUM -1.4% over the last fiscal year+8.5% a year over threeIARs 9 to 12
Practice profile
derived from the filing of Mar 30, 2023; every figure names its basis
- RAUM per advisor
- $82.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 92derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $292,147derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 96%derivedof RAUM
- Institutional
- 3.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 4.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -1.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.9%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 5.G
- Financial planning clients
- 1,066reportedItem 5.H
- Custody
- $219M, 313 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$634M64%
- Individuals$319M32%
- Pension and profit-sharing plans$17.6M1.8%
- State and municipal entities$10.9M1.1%
- Charitable organizations$4.4M0.4%
- Corporations and businesses$2.3M0.2%
- Individual clients
- 831reported
- HNW clients
- 270reported
- Pension plan clients
- 9reported
- Charitable clients
- n/areported
- Accounts
- 3,383reported
- Financial planning clients
- 1,066reported
- Wrap fee programs
- noreported
- Custody of client assets
- $219M for 313 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
- J••• H•• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- S•••• B•••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- M•••••• D••••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- S•••••• F• C••••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- E••••• S•••••• C••••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- J••••• W•••••• H•••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- M••••••• R• B•••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- R••••• F• S•••••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- J••••• J• T•••••• to M•••••••• I••••••••• M••••••••• C••••••• L••Nov 2, 2023 · Other
- M•••••• E•••••• to M•••••••• I••••••••• M••••••••• C••••••• L••Nov 2, 2023 · Other
- B•• C••• to H•••••••• A•••••••• L••Nov 2, 2023 · RIA to affiliated broker-dealer or bank
- M•••••• P••• C•••••• to W•••••• W••••• A•••••••• I•••Jun 8, 2022 · RIA to RIA
- S•••• E•••••••• D••••• to N•• S•••• F•••••••• L••Feb 11, 2019 · RIA to a state-registered adviser
- J••••• A••• L••••••• to G••••• • C••••••Jul 7, 2014 · Other
- C••••••••• J••• B•••• to E••• C•••• A•••• M••••••••• L••Jun 5, 2013 · Other
Joined, latest
- J••• H•• from N•••• W••••• M••••••••• L••Oct 25, 2022 · RIA to RIA
- M•••••• D••••• from L•• F•••••••• L••Jun 28, 2022 · RIA to RIA
- J••••• W•••••• H•••• from M•• I•••••••• S•••••••• L••Oct 23, 2012 · Other
- M••••••• R• B•••• from H••••••• C•••••• M••••••••• I••Feb 15, 2011 · Other
- J••••• J• T•••••• from M•• I••••••••• A••••••• I•••Apr 25, 2008 · Other
- M•••••• E•••••• from M•• I•••••••• S•••••••• L••Sep 11, 2006 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for M•••••••• I••••••••• M••••••••• C••••••• L••Nov 2, 2023 · North Andover, Ma
- 9 left for H•••••••• A•••••••• L••Nov 2, 2023 · North Andover, Ma · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- E••••••• M••••••• F•••••• · Managing Member/Chief Compliance Officercontrolsince 07/2006 · owns 50% to 75%
- T••••••• J•••••• J•••• · Managing Membercontrolsince 04/2008 · owns 50% to 75%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| North Andover, Ma · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- North Andover, MA4 employees
- Natick, MA1 employees
What changed
consecutive filings, newest first
- Accounts · 3,201 to 3,383Aug 23, 2022 to Mar 30, 2023
- Advisory employees · 9 to 12Aug 23, 2022 to Mar 30, 2023
- Charity clients · 5.0 to unsetAug 23, 2022 to Mar 30, 2023
- HNW clients · 291 to 270Aug 23, 2022 to Mar 30, 2023
- Individual clients · 759 to 831Aug 23, 2022 to Mar 30, 2023
- Pension plan clients · 7 to 9Aug 23, 2022 to Mar 30, 2023
- Employees · 14 to 20Aug 23, 2022 to Mar 30, 2023
- Insurance-licensed employees · 2 to 0Aug 23, 2022 to Mar 30, 2023
- State-registered IARs · 9 to 12Aug 23, 2022 to Mar 30, 2023
- Discretionary RAUM · $955M to $948MAug 23, 2022 to Mar 30, 2023
- HNW RAUM · $483M to $634MAug 23, 2022 to Mar 30, 2023
- Individual RAUM · $481M to $319MAug 23, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $47.6M to $40.0MAug 23, 2022 to Mar 30, 2023
- Pension RAUM · $21.2M to $17.6MAug 23, 2022 to Mar 30, 2023
- RAUM · $1.0B to $988MAug 23, 2022 to Mar 30, 2023
- Related adviser · true to falseAug 23, 2022 to Mar 30, 2023
- Accounts · 3,295 to 3,201Jan 3, 2022 to Mar 7, 2022
- Charity clients · unset to 5.0Jan 3, 2022 to Mar 7, 2022
- HNW clients · 217 to 291Jan 3, 2022 to Mar 7, 2022
- Individual clients · 791 to 759Jan 3, 2022 to Mar 7, 2022
- Pension plan clients · unset to 7.0Jan 3, 2022 to Mar 7, 2022
- Assets in custody · unset to 218722655.0Jan 3, 2022 to Mar 7, 2022
- Custody of client assets · false to trueJan 3, 2022 to Mar 7, 2022
- Employees · 12 to 14Jan 3, 2022 to Mar 7, 2022
- Discretionary RAUM · $886M to $955MJan 3, 2022 to Mar 7, 2022
- HNW RAUM · $538M to $483MJan 3, 2022 to Mar 7, 2022
- Individual RAUM · $367M to $481MJan 3, 2022 to Mar 7, 2022
- Non-discretionary RAUM · $34.5M to $47.6MJan 3, 2022 to Mar 7, 2022
- Pension RAUM · $802,878 to $21.2MJan 3, 2022 to Mar 7, 2022
- RAUM · $920M to $1.0BJan 3, 2022 to Mar 7, 2022
- Other offices · 1 to 2Sep 20, 2021 to Jan 3, 2022
- Accounts · 3,037 to 3,295Jun 29, 2020 to Mar 4, 2021
- Advisory employees · 8 to 9Jun 29, 2020 to Mar 4, 2021
- HNW clients · 211 to 217Jun 29, 2020 to Mar 4, 2021
- Individual clients · 723 to 791Jun 29, 2020 to Mar 4, 2021
- Financial planning clients · 251-500 to More than 500Jun 29, 2020 to Mar 4, 2021
- State-registered IARs · 8 to 9Jun 29, 2020 to Mar 4, 2021
- Discretionary RAUM · $739M to $886MJun 29, 2020 to Mar 4, 2021
- HNW RAUM · $465M to $538MJun 29, 2020 to Mar 4, 2021
- Individual RAUM · $291M to $367MJun 29, 2020 to Mar 4, 2021
Signals
14 dated events
- 2 advisors left B••••• H••• A•••••••• L•• (North Andover, MA) for M•••••••• I••••••••• M••••••••• C••••••• L•• on the same dayNov 2, 2023 · Team lift-out · derived
- J••••• J• T•••••• left B••••• H••• A•••••••• L•• for M•••••••• I••••••••• M••••••••• C••••••• L•• (registered 2012-01-18)Nov 2, 2023 · Advisor changed firm · fact
- B•• C••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-09)Nov 2, 2023 · Advisor changed firm · fact
- J••• H•• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-12-19)Nov 2, 2023 · Advisor changed firm · fact
- S•••••• F• C••••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-01)Nov 2, 2023 · Advisor changed firm · fact
- M•••••• E•••••• left B••••• H••• A•••••••• L•• for M•••••••• I••••••••• M••••••••• C••••••• L•• (registered 2012-01-18)Nov 2, 2023 · Advisor changed firm · fact
- J••••• W•••••• H•••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-09)Nov 2, 2023 · Advisor changed firm · fact
- M••••••• R• B•••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-09)Nov 2, 2023 · Advisor changed firm · fact
- E••••• S•••••• C••••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-01)Nov 2, 2023 · Advisor changed firm · fact
- R••••• F• S•••••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-16)Nov 2, 2023 · Advisor changed firm · fact
- S•••• B•••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-01)Nov 2, 2023 · Advisor changed firm · fact
- M•••••• D••••• left B••••• H••• A•••••••• L•• for H•••••••• A•••••••• L•• (registered 2023-08-01)Nov 2, 2023 · Advisor changed firm · fact
- B••••• H••• A•••••••• L••'s advisors moved to H•••••••• A•••••••• L•• (North Andover, MA): 9 of 11 registered, on the same dayNov 2, 2023 · Firm absorbed (people side) · derived
- M•••••• P••• C•••••• left B••••• H••• A•••••••• L•• for W•••••• W••••• A•••••••• I••• (registered 2022-06-08)Jun 8, 2022 · Advisor changed firm · fact
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