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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SEC-registered adviser
N•• F••••••• A•••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 37 filings
SEC status approved since Jun 21, 2011
RAUM
$4.0B
reported, Item 5.F
Discretionary
2.8%
of RAUM
Private clients
2.7%
$109M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$1.3B
derived; firm RAUM over IAPD count
Employees
16
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$4.0B as of Mar 31, 2026
Mar 30, 2012$995M then
HNW client RAUM$38.9M as of Mar 31, 2026
Mar 30, 2020$15.8M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Apr 3, 20132 then
Employees (5.A)16 as of Mar 31, 2026
Apr 3, 20137 then
Private funds: no history
RAUM +1.1% over the last fiscal year+3.8% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
- RAUM per advisor
- $1.3BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 39derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $14.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 2.8%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 5.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +1.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.4%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Other investment advisers$3.9B97%
- Individuals$69.9M1.8%
- High-net-worth individuals$38.9M1.0%
- Corporations and businesses$1.1M0.0%
- Individual clients
- 86reported
- HNW clients
- 31reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 282reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.03 fund_share=0.97 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R•••••• O••• M•••••• | Boston, Ma | Apr 19, 2017 | 27 y | 3 |
| R••••• O••• M•••••• | Boston, Ma | Apr 19, 2017 | 25 y | 2 |
| J•••••• B•••• M••••Chartered Financial Analyst | Boston, Ma | Jul 25, 2025 | 11 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
- J••• J••••• K•••• to A••••••• A••••••• S•••••••• L••Nov 14, 2024 · Other
- D•••• M••••• S••••••• to I•••••••• F•••••••• A•••••••• L••Nov 14, 2024 · Other
- J•••• R•••• A•••••• to I••••••••• M••••••••• L••Apr 17, 2023 · Other
- M•••••• V••••• P••••• to I••••• L•••• C••••••Dec 31, 2015 · Other
Joined, latest
- J•••••• B•••• M•••• from J•••• C•••••• M•••••••••Jul 25, 2025 · Other
- J••• J••••• K•••• from F•••••• I••••••••• M••••••••• I•••Jul 26, 2023 · Other
- J•••• R•••• A•••••• from S•• I••••••••• M••••••••• C•••Jul 26, 2019 · Other
- D•••• M••••• S••••••• from A••••••••• I•••Apr 12, 2017 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from N•• F••••••• A•••••••• L••Dec 31, 2015 · Boston, Ma · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- G••••••••• A••••••• R••• · Chief Operations Officercontrolsince 05/2021 · owns less than 5%
- M••••••• R••••••• O••• · Manager, President And Chairman (And Sole Trustee Of R•••••• M•••••• 2••• T••••)controlsince 01/2008 · owns less than 5%
- M••••••• R•••••• O••• · Manager, Chief Investment Officercontrolsince 01/2008 · owns 25% to 50%
- E•••• D••••• N•••••••• · Managing Director - Researchsince 01/2011 · owns less than 5%
- M•••••• T••••••• A•• · Chief Compliance Officersince 11/2019 · owns less than 5%
Entity owners
- R•••••• M•••••• 2••• T•••• · Memberdirect · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list N•• F••••••• A•••••••• L•• as a related person
- 129121 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 3 | 0 | 0 | ||
| Granite Bay, Ca | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- very high RAUM per advisorStatic outlier · filing Mar 31, 2026RAUM per registered advisor of $1,330,046,425 against a peer median of $354,740,155 (67 comparable advisers, 98.0th percentile, 4.1 robust deviations)peers: asset managers, $1B to $5B (67) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 261 to 282Mar 20, 2025 to Mar 31, 2026
- Corporate clients · 1 to 2Mar 20, 2025 to Mar 31, 2026
- HNW clients · 25 to 31Mar 20, 2025 to Mar 31, 2026
- Individual clients · 85 to 86Mar 20, 2025 to Mar 31, 2026
- Employees · 17 to 16Mar 20, 2025 to Mar 31, 2026
- Discretionary RAUM · $93.0M to $110MMar 20, 2025 to Mar 31, 2026
- HNW RAUM · $57.3M to $38.9MMar 20, 2025 to Mar 31, 2026
- Individual RAUM · $35.6M to $69.9MMar 20, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $3.9B to $3.9BMar 20, 2025 to Mar 31, 2026
- RAUM · $3.9B to $4.0BMar 20, 2025 to Mar 31, 2026
- Accounts · 252 to 261Nov 21, 2024 to Mar 20, 2025
- Advisory employees · 5 to 4Nov 21, 2024 to Mar 20, 2025
- Corporate clients · 2 to 1Nov 21, 2024 to Mar 20, 2025
- HNW clients · 10 to 25Nov 21, 2024 to Mar 20, 2025
- Individual clients · 99 to 85Nov 21, 2024 to Mar 20, 2025
- Employees · 20 to 17Nov 21, 2024 to Mar 20, 2025
- Financial planning clients · 0 to 0Nov 21, 2024 to Mar 20, 2025
- State-registered IARs · 4 to 3Nov 21, 2024 to Mar 20, 2025
- Discretionary RAUM · $79.4M to $93.0MNov 21, 2024 to Mar 20, 2025
- HNW RAUM · $27.2M to $57.3MNov 21, 2024 to Mar 20, 2025
- Individual RAUM · $52.0M to $35.6MNov 21, 2024 to Mar 20, 2025
- Non-discretionary RAUM · $3.7B to $3.9BNov 21, 2024 to Mar 20, 2025
- RAUM · $3.7B to $3.9BNov 21, 2024 to Mar 20, 2025
- Accounts · 263 to 252Jun 12, 2023 to Mar 27, 2024
- Advisory employees · 6 to 5Jun 12, 2023 to Mar 27, 2024
- HNW clients · 12 to 10Jun 12, 2023 to Mar 27, 2024
- Individual clients · 104 to 99Jun 12, 2023 to Mar 27, 2024
- Employees · 19 to 20Jun 12, 2023 to Mar 27, 2024
- Discretionary RAUM · $85.9M to $79.4MJun 12, 2023 to Mar 27, 2024
- HNW RAUM · $39.3M to $27.2MJun 12, 2023 to Mar 27, 2024
- Individual RAUM · $46.4M to $52.0MJun 12, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $3.5B to $3.7BJun 12, 2023 to Mar 27, 2024
- RAUM · $3.6B to $3.7BJun 12, 2023 to Mar 27, 2024
- Wrap assets (manager) · unset to 0.0Jun 12, 2023 to Mar 27, 2024
- Wrap assets (sponsor) · unset to 0.0Jun 12, 2023 to Mar 27, 2024
- Accounts · 241 to 263Jun 16, 2022 to Mar 30, 2023
- Advisory employees · 5 to 6Jun 16, 2022 to Mar 30, 2023
- Corporate clients · unset to 2.0Jun 16, 2022 to Mar 30, 2023
- HNW clients · 18 to 12Jun 16, 2022 to Mar 30, 2023
- Individual clients · 89 to 104Jun 16, 2022 to Mar 30, 2023
Signals
6 dated events
- J••• J••••• K•••• left N•• F••••••• A•••••••• L•• for A••••••• A••••••• S•••••••• L•• (registered 2024-11-18)Nov 14, 2024 · Advisor changed firm · fact
- D•••• M••••• S••••••• left N•• F••••••• A•••••••• L•• for I•••••••• F•••••••• A•••••••• L•• (registered 2025-04-15)Nov 14, 2024 · Advisor changed firm · fact
- Ruth Abigail Gabrielse (Chief Operations Officer) appeared on Schedule A of N•• F••••••• A•••••••• L••May 15, 2024 · Control person joined · fact
- J•••• R•••• A•••••• left N•• F••••••• A•••••••• L•• for I••••••••• M••••••••• L•• (registered 2023-06-12)Apr 17, 2023 · Advisor changed firm · fact
- Alisa Kuno (Cfo And Chief Compliance Officer) no longer on Schedule A of N•• F••••••• A•••••••• L•• (listed 2019-10-17, absent 2019-11-14)Nov 14, 2019 · Control person left · inference
- N•• F••••••• M••••••••• C••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Jan 5, 2017 · Succession (Item 4) · fact
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/NEW-F•••••••-ADVISORSreportedpublic record, Form ADV, Sep 18, 2026
- Website
- NFISTITUTE.ORGreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (617) 482-1433reportedpublic record, Form ADV, Mar 31, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.3Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026