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

H•••• I••••••••• M•••••••••

Former SEC-registered adviserNew York, New YorkCRD 142610SEC 801-72950IAPD
Legal name H•••• C••••••• L••
Latest filing Apr 29, 2015
First filing on the tape Dec 6, 2011 · 10 filings
RAUM
$75.8M
reported, Item 5.F
Discretionary
12%
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
7
4 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$75.8M as of Mar 16, 2015
Mar 27, 2013$75.3M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 16, 2015
Mar 27, 20131 then
Employees (5.A)7 as of Mar 16, 2015
Mar 27, 20138 then
Private funds: no history
RAUM -27% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Apr 29, 2015; every figure names its basis
RAUM per advisor
$75.8MderivedRAUM 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
$1.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
12%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-27%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 5.G
Ownership
controlled by a public reporting companyderived
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)
  • controlled by a public reporting company (10.A)
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
45reported
Financial planning clients
0reported
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
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • M•••••• P••••••• R••• · Managing Member, Chief Compliance Officercontrol
    since 08/2006 · owns 50% to 75%
  • M•••••• R•••••• G••• · Chairmancontrol
    since 12/2011 · owns 25% to 50%
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
  • Manchester, VT
What changed
consecutive filings, newest first
  • Accounts · 51 to 45
    May 15, 2014 to Mar 16, 2015
  • Discretionary RAUM · $20.4M to $8.9M
    May 15, 2014 to Mar 16, 2015
  • Non-discretionary RAUM · $82.9M to $66.9M
    May 15, 2014 to Mar 16, 2015
  • RAUM · $103M to $75.8M
    May 15, 2014 to Mar 16, 2015
  • Advisory employees · 5 to 4
    Feb 22, 2014 to May 15, 2014
  • Employees · 8 to 7
    Feb 22, 2014 to May 15, 2014
  • Accounts · 42 to 51
    Mar 27, 2013 to Feb 22, 2014
  • Discretionary RAUM · $11.3M to $20.4M
    Mar 27, 2013 to Feb 22, 2014
  • Non-discretionary RAUM · $64.0M to $82.9M
    Mar 27, 2013 to Feb 22, 2014
  • RAUM · $75.3M to $103M
    Mar 27, 2013 to Feb 22, 2014
  • Accounts · 10 to 42
    Oct 18, 2012 to Mar 27, 2013
  • Advisory employees · unset to 5.0
    Oct 18, 2012 to Mar 27, 2013
  • BD registered reps · 0 to 2
    Oct 18, 2012 to Mar 27, 2013
  • Employees · unset to 8.0
    Oct 18, 2012 to Mar 27, 2013
  • State-registered IARs · 0 to 1
    Oct 18, 2012 to Mar 27, 2013
  • Discretionary RAUM · $9.7M to $11.3M
    Oct 18, 2012 to Mar 27, 2013
  • Non-discretionary RAUM · $57.4M to $64.0M
    Oct 18, 2012 to Mar 27, 2013
  • RAUM · $67.1M to $75.3M
    Oct 18, 2012 to Mar 27, 2013
  • Business name · H•••• C••••••• L•• to H•••• I••••••••• M•••••••••
    Sep 28, 2012 to Oct 18, 2012
  • Advisory activities · 5 to 3
    May 8, 2012 to Sep 28, 2012
  • Financial planning clients · 1-10 to 0
    May 8, 2012 to Sep 28, 2012
  • Non-discretionary RAUM · $16.5M to $57.4M
    May 8, 2012 to Sep 28, 2012
  • RAUM · $26.2M to $67.1M
    May 8, 2012 to Sep 28, 2012
  • Related adviser · false to true
    May 8, 2012 to Sep 28, 2012
  • Related broker-dealer · true to false
    May 8, 2012 to Sep 28, 2012
  • Accounts · 2 to 10
    Jan 10, 2012 to May 8, 2012
  • Advisory activities · 2 to 5
    Jan 10, 2012 to May 8, 2012
  • Financial planning clients · 0 to 1-10
    Jan 10, 2012 to May 8, 2012
  • Discretionary RAUM · $1.2M to $9.7M
    Jan 10, 2012 to May 8, 2012
  • Non-discretionary RAUM · $0 to $16.5M
    Jan 10, 2012 to May 8, 2012
  • RAUM · $1.2M to $26.2M
    Jan 10, 2012 to May 8, 2012
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