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
Nbw Capital LLC
Latest filing Mar 31, 2026
First filing on the tape Mar 19, 2012 · 30 filings
SEC status approved since Jul 24, 2008
RAUM
$0
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$0 as of Mar 31, 2026
Mar 19, 2012$439M then
HNW client RAUM$0 as of Mar 31, 2026
Mar 29, 2018$46.2M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 27, 20134 then
Employees (5.A)3 as of Mar 31, 2026
Mar 27, 20139 then
Private funds: no history
RAUM -100% over the last fiscal yearIARs 4 to 3
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
- RAUM per advisor
- $0derivedRAUM 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
- unknownderivedRAUM over accounts (5.F.2.f)
- Discretionary
- unknownderivedof RAUM
- Institutional
- unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -100%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -100%derived
- Compensation
- otherreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- 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)
- 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)
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
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 0reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- n/areported
- 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
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 days3 left over 36 months
Left, latest
- Sean Patrick Fitzgibbon to Waverly Advisors, LLCMay 29, 2026 · Other
- Christopher Malcolm Blakely to Waverly Advisors, LLCMay 29, 2026 · Other
- Michael Thomas Whitney to Waverly Advisors, LLCMay 29, 2026 · Other
- Hugh Russell Taylor to Taylor Wealth Management PartnersSep 4, 2014 · Other
Joined, latest
- Christopher Malcolm Blakely from Taylor Investment AssociatesSep 10, 2008 · Other
- Hugh Russell Taylor from Taylor Investment AssociatesAug 21, 2008 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Waverly Advisors, LLCMay 29, 2026 · Boston, Ma · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Malcolm Christopher Blakely · Partnercontrolsince 03/2013 · owns 25% to 50%
- Patrick Sean Fitzgibbon · Partnercontrolsince 12/2021 · owns 5% to 10%
- Eugene Bernard Niedermeyer · Partnercontrolsince 03/2013 · owns 10% to 25%
- Thomas Michael Whitney · Partnercontrolsince 03/2013 · owns 25% to 50%
- Ann Kellie Aiello · Chief Compliance Officersince 01/2014 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Boston, Ma · principal | 0 | 0 | 3 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 684 to 0Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 4 to 3Mar 31, 2025 to Mar 31, 2026
- Advisory activities · 3 to 1Mar 31, 2025 to Mar 31, 2026
- Charity clients · unset to 0.0Mar 31, 2025 to Mar 31, 2026
- Corporate clients · 10 to 0Mar 31, 2025 to Mar 31, 2026
- HNW clients · 15 to 0Mar 31, 2025 to Mar 31, 2026
- Individual clients · 237 to 0Mar 31, 2025 to Mar 31, 2026
- Pension plan clients · unset to 0.0Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $38.9M to $0Mar 31, 2025 to Mar 31, 2026
- Custody of client assets · true to falseMar 31, 2025 to Mar 31, 2026
- Employees · 9 to 3Mar 31, 2025 to Mar 31, 2026
- Insurance-licensed employees · 0 to 3Mar 31, 2025 to Mar 31, 2026
- Financial planning clients · 26-50 to 0Mar 31, 2025 to Mar 31, 2026
- State-registered IARs · 4 to 3Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $622M to $0Mar 31, 2025 to Mar 31, 2026
- HNW RAUM · $127M to $0Mar 31, 2025 to Mar 31, 2026
- Individual RAUM · $303M to $0Mar 31, 2025 to Mar 31, 2026
- Pension RAUM · $7.9M to $0Mar 31, 2025 to Mar 31, 2026
- RAUM · $622M to $0Mar 31, 2025 to Mar 31, 2026
- Related adviser · false to trueMar 31, 2025 to Mar 31, 2026
- Accounts · 608 to 684Mar 29, 2024 to Mar 31, 2025
- Charity clients · 5.0 to unsetMar 29, 2024 to Mar 31, 2025
- Corporate clients · 12 to 10Mar 29, 2024 to Mar 31, 2025
- HNW clients · 10 to 15Mar 29, 2024 to Mar 31, 2025
- Individual clients · 253 to 237Mar 29, 2024 to Mar 31, 2025
- Assets in custody · $30.8M to $38.9MMar 29, 2024 to Mar 31, 2025
- Financial planning clients · 26-50 to 26-50Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $525M to $622MMar 29, 2024 to Mar 31, 2025
- HNW RAUM · $71.3M to $127MMar 29, 2024 to Mar 31, 2025
- Individual RAUM · $280M to $303MMar 29, 2024 to Mar 31, 2025
- Pension RAUM · $9.4M to $7.9MMar 29, 2024 to Mar 31, 2025
- RAUM · $525M to $622MMar 29, 2024 to Mar 31, 2025
- Accounts · 598 to 608Jan 17, 2024 to Mar 28, 2024
- Charity clients · 7 to 5Jan 17, 2024 to Mar 28, 2024
- Corporate clients · 10 to 12Jan 17, 2024 to Mar 28, 2024
- HNW clients · 5 to 10Jan 17, 2024 to Mar 28, 2024
- Individual clients · 261 to 253Jan 17, 2024 to Mar 28, 2024
- Assets in custody · $40.2M to $30.8MJan 17, 2024 to Mar 28, 2024
- Employees · 10 to 9Jan 17, 2024 to Mar 28, 2024
- Discretionary RAUM · $456M to $525MJan 17, 2024 to Mar 28, 2024
Signals
8 dated events
- Nbw Capital Llc no longer on the SEC adviser roster (last listed 2026-05-01)Jun 1, 2026 · Left the SEC roster · derived
- Michael Thomas Whitney left Nbw Capital Llc for Waverly Advisors, Llc (registered 2025-10-10)May 29, 2026 · Advisor changed firm · fact
- Sean Patrick Fitzgibbon left Nbw Capital Llc for Waverly Advisors, Llc (registered 2025-10-10)May 29, 2026 · Advisor changed firm · fact
- Christopher Malcolm Blakely left Nbw Capital Llc for Waverly Advisors, Llc (registered 2025-10-10)May 29, 2026 · Advisor changed firm · fact
- Nbw Capital LLC's advisors moved to Waverly Advisors, LLC (Boston, MA): 3 of 3 registered, on the same dayMay 29, 2026 · Firm absorbed (people side) · derived
- Nbw Capital Llc reported RAUM $0, down 100% from $622.4M (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Nbw Capital Llc reported RAUM $495.4M, up 29% from $383.8M (2021-12-09 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- Patrick Sean Fitzgibbon (Partner) appeared on Schedule A of Nbw Capital LlcMar 29, 2022 · Control person joined · 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