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

Wellesley Investment Partners, LLC

Former SEC-registered adviserWellesley, MassachusettsCRD 144984SEC 801-68361IAPD
Latest filing Jun 24, 2020
First filing on the tape Mar 30, 2012 · 31 filings
RAUM
$420M
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
89%
$374M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
9
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$420M as of Mar 26, 2020
Mar 30, 2012$64.3M then
HNW client RAUM$337M as of Mar 26, 2020
Mar 29, 2018$299M then
State-registered IARs (5.B.3)7 as of Mar 26, 2020
Mar 30, 20120 then
Employees (5.A)11 as of Mar 26, 2020
Mar 27, 20134 then
Private funds: no history
RAUM +2.3% over the last fiscal year+11% a year over threeIARs 7 to 7offices 1 to 0
Practice profile
derived from the filing of Jun 24, 2020; every figure names its basis
RAUM per advisor
$59.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
33derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$679,911derivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
3.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+2.3%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.0%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody
$86.0M, 53 clientsreportedItem 9.A
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
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)
  • 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$337M80%
  • Individuals$37.1M8.8%
  • Banks and thrifts$30.5M7.3%
  • Charitable organizations$13.9M3.3%
  • Pension and profit-sharing plans$856,5230.2%
  • Corporations and businesses$302,3010.1%
Individual clients
94reported
HNW clients
135reported
Pension plan clients
n/areported
Charitable clients
7reported
Accounts
617reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$86.0M for 53 clientsreported
Compensation
% of AUM, 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
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
    • Susan Black · Chief Planning Officercontrol
      since 02/2019 · owns less than 5%
    • Pyle Louis Crosier · Presidentcontrol
      since 09/2014 · owns less than 5%
    • Y Michael Fung · Chief Investment Officercontrol
      since 03/2019 · owns less than 5%
    • Scott Jeremy Glenn · Chief Compliance Officer/Chief Operating Officercontrol
      since 07/2017 · owns less than 5%
    • Mary Beth Mahoney · Senior Managing Directorcontrol
      since 03/2014 · owns less than 5%
    Entity owners
    • Cambridge Trust Company · Managing Member
      direct · owns 75% or more
    • Cambridge Bancorp · Parent Company
      indirect · owns 75% or more of Cambridge Trust Company · public reporting company
    Related persons
    Schedule D 7.A
    • Cambridge Trust Company
      y
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Advisory employees · 9 to 7
      Mar 26, 2020 to Jun 10, 2020
    • Employees · 11 to 9
      Mar 26, 2020 to Jun 10, 2020
    • Other offices · 1 to 0
      Mar 26, 2020 to Jun 10, 2020
    • Accounts · 533 to 617
      Mar 26, 2019 to Mar 26, 2020
    • Advisory employees · 10 to 9
      Mar 26, 2019 to Mar 26, 2020
    • Charity clients · 9 to 7
      Mar 26, 2019 to Mar 26, 2020
    • HNW clients · 125 to 135
      Mar 26, 2019 to Mar 26, 2020
    • Individual clients · 89 to 94
      Mar 26, 2019 to Mar 26, 2020
    • Pension plan clients · 3.0 to unset
      Mar 26, 2019 to Mar 26, 2020
    • Assets in custody · $43.3M to $86.0M
      Mar 26, 2019 to Mar 26, 2020
    • Employees · 12 to 11
      Mar 26, 2019 to Mar 26, 2020
    • Financial planning clients · 11-25 to 26-50
      Mar 26, 2019 to Mar 26, 2020
    • Discretionary RAUM · $342M to $389M
      Mar 26, 2019 to Mar 26, 2020
    • HNW RAUM · $296M to $337M
      Mar 26, 2019 to Mar 26, 2020
    • Individual RAUM · $30.5M to $37.1M
      Mar 26, 2019 to Mar 26, 2020
    • Non-discretionary RAUM · $67.6M to $30.5M
      Mar 26, 2019 to Mar 26, 2020
    • Pension RAUM · $2.6M to $856,523
      Mar 26, 2019 to Mar 26, 2020
    • RAUM · $410M to $420M
      Mar 26, 2019 to Mar 26, 2020
    • Accounts · 452 to 533
      May 25, 2018 to Mar 26, 2019
    • Advisory employees · 6 to 10
      May 25, 2018 to Mar 26, 2019
    • Charity clients · 6 to 9
      May 25, 2018 to Mar 26, 2019
    • HNW clients · 103 to 125
      May 25, 2018 to Mar 26, 2019
    • Individual clients · 71 to 89
      May 25, 2018 to Mar 26, 2019
    • Pension plan clients · 1 to 3
      May 25, 2018 to Mar 26, 2019
    • Assets in custody · $45.7M to $43.3M
      May 25, 2018 to Mar 26, 2019
    • Employees · 8 to 12
      May 25, 2018 to Mar 26, 2019
    • Discretionary RAUM · $341M to $342M
      May 25, 2018 to Mar 26, 2019
    • HNW RAUM · $299M to $296M
      May 25, 2018 to Mar 26, 2019
    • Individual RAUM · $28.7M to $30.5M
      May 25, 2018 to Mar 26, 2019
    • Non-discretionary RAUM · $65.6M to $67.6M
      May 25, 2018 to Mar 26, 2019
    • Pension RAUM · $803,417 to $2.6M
      May 25, 2018 to Mar 26, 2019
    • RAUM · $406M to $410M
      May 25, 2018 to Mar 26, 2019
    • Accounts · 359 to 452
      Sep 5, 2017 to Mar 29, 2018
    • Advisory employees · 7 to 6
      Sep 5, 2017 to Mar 29, 2018
    • Advisory activities · 2 to 4
      Sep 5, 2017 to Mar 29, 2018
    • Charity clients · unset to 6.0
      Sep 5, 2017 to Mar 29, 2018
    • Corporate clients · unset to 1.0
      Sep 5, 2017 to Mar 29, 2018
    • HNW clients · unset to 103.0
      Sep 5, 2017 to Mar 29, 2018
    • Individual clients · unset to 71.0
      Sep 5, 2017 to Mar 29, 2018
    • Pension plan clients · unset to 1.0
      Sep 5, 2017 to Mar 29, 2018
    Signals
    4 dated events
    • Savage Charles Willauer (Senior Managing Director) no longer on Schedule A of Wellesley Investment Partners, Llc (listed 2020-03-26, absent 2020-06-10)
      Jun 10, 2020 · Control person left · inference
    • Susan Black (Chief Planning Officer) appeared on Schedule A of Wellesley Investment Partners, Llc
      Mar 26, 2020 · Control person joined · fact
    • Y Michael Fung (Chief Investment Officer) appeared on Schedule A of Wellesley Investment Partners, Llc
      Mar 26, 2019 · Control person joined · fact
    • Alfred Richard Sipley (Chief Investment Officer) no longer on Schedule A of Wellesley Investment Partners, Llc (listed 2018-05-25, absent 2019-03-26)
      Mar 26, 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.
    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