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

C••••••• W••••• M••••••••• L••

Former SEC-registered adviserBoston, MassachusettsCRD 149446SEC 801-69988IAPD
Latest filing Sep 11, 2020
First filing on the tape Mar 30, 2012 · 46 filings
RAUM
$2.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$2.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
27
13 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
1
$86.7M gross assets
History
46 filings and snapshots on the tape
RAUM$2.3B as of Mar 17, 2020
Mar 30, 2012$520M then
HNW client RAUM$2.1B as of Mar 17, 2020
Mar 28, 2018$1.4B then
State-registered IARs (5.B.3)14 as of Mar 17, 2020
Mar 30, 20120 then
Employees (5.A)28 as of Mar 17, 2020
Feb 4, 201312 then
Private funds1 as of Mar 17, 2020
Mar 6, 20171 then
RAUM +30% over the last fiscal year+20% a year over threeIARs 12 to 13offices 2 to 4
Practice profile
derived from the filing of Sep 11, 2020; every figure names its basis
RAUM per advisor
$179MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
53derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$938,894derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.1derivedItem 5.A over advisors
Advisors per office
2.6derived5 offices incl. principal (1.F.5)
RAUM growth, one year
+30%derivedbetween the last two annual amendments
Advisor growth, one year
+17%derivedItem 5.B.3 between annual amendments
Client growth, one year
+16%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
Financial planning clients
700reportedItem 5.H
Custody
$1.0B, 622 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)
  • 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
  • High-net-worth individuals$2.1B90%
  • Pooled investment vehicles$86.7M3.7%
  • Individuals$64.8M2.8%
  • Charitable organizations$45.7M2.0%
  • Pension and profit-sharing plans$36.0M1.5%
  • Corporations and businesses$7.2M0.3%
  • Banks and thrifts$221,2060.0%
Individual clients
122reported
HNW clients
570reported
Pension plan clients
n/areported
Charitable clients
10reported
Accounts
2,484reported
Financial planning clients
700reported
Wrap fee programs
noreported
Custody of client assets
$1.0B for 622 clientsreported
Compensation
% of AUM, fixedreported
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
Joined, 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
    • B••••••• R••••••• J•••• · Chief Investment Officercontrol
      since 10/2016 · owns less than 5%
    • C•••••••• C•••••• · Chief Compliance Officercontrol
      since 07/2017 · owns less than 5%
    • L•••••••• P•••• A••••• · Presidentcontrol
      since 02/2009 · owns less than 5%
    • V••••••••• R••••••• J•••• · Chief Operating Officercontrol
      since 02/2009 · owns less than 5%
    • L•••••••• P•••• A••••• · Membercontrol
      since 03/2012 · owns 50% to 75% of H••••••••• P••••••• 2•••• L••
    • G•••••• M••••••• W•••••• · Member
      since 01/2019 · owns less than 5%
    Entity owners
    • C• U• H•••••••• I••• · Member
      direct · owns 25% to 50%
    • H••••••••• P••••••• 2•••• L•• · Holding Company Parent
      direct · owns 25% to 50%
    • L•••• W••••••• I••••••••• L•• · Managing Member
      direct · owns 10% to 25%
    • C• F•••••••• C•••• · Parent Company
      indirect · owns 75% or more of C• U• H•••••••• I•••
    • L•••• H•••••• C•••••• T•••• · General Partner
      indirect · owns 75% or more of L•••• W••••••• I••••••••• L••
    Related persons
    Schedule D 7.A
    Advisers that list C••••••• W••••• M••••••••• L•• as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • Costa Mesa, CA2 employees
    • Avila Beach, CA1 employees
    • Scottsdale, AZ1 employees
    • Westport, CT1 employees
    What changed
    consecutive filings, newest first
    • Succession · true to false
      Aug 12, 2020 to Sep 11, 2020
    • Succession · false to true
      Jul 24, 2020 to Aug 12, 2020
    • Advisory employees · 14 to 13
      Jun 30, 2020 to Jul 24, 2020
    • Employees · 28 to 27
      Jun 30, 2020 to Jul 24, 2020
    • State-registered IARs · 14 to 13
      Jun 30, 2020 to Jul 24, 2020
    • Accounts · 2,199 to 2,484
      Feb 10, 2020 to Mar 17, 2020
    • Advisory employees · 12 to 14
      Feb 10, 2020 to Mar 17, 2020
    • Charity clients · 8 to 10
      Feb 10, 2020 to Mar 17, 2020
    • HNW clients · 388 to 570
      Feb 10, 2020 to Mar 17, 2020
    • Individual clients · 209 to 122
      Feb 10, 2020 to Mar 17, 2020
    • Pension plan clients · 6.0 to unset
      Feb 10, 2020 to Mar 17, 2020
    • Assets in custody · $1.4B to $1.0B
      Feb 10, 2020 to Mar 17, 2020
    • Employees · 22 to 28
      Feb 10, 2020 to Mar 17, 2020
    • State-registered IARs · 12 to 14
      Feb 10, 2020 to Mar 17, 2020
    • Other offices · 3 to 4
      Feb 10, 2020 to Mar 17, 2020
    • Discretionary RAUM · $1.8B to $2.3B
      Feb 10, 2020 to Mar 17, 2020
    • HNW RAUM · $1.5B to $2.1B
      Feb 10, 2020 to Mar 17, 2020
    • Individual RAUM · $116M to $64.8M
      Feb 10, 2020 to Mar 17, 2020
    • Non-discretionary RAUM · $9.7M to $11.3M
      Feb 10, 2020 to Mar 17, 2020
    • Pension RAUM · $10.6M to $36.0M
      Feb 10, 2020 to Mar 17, 2020
    • Pooled vehicle RAUM · $67.6M to $86.7M
      Feb 10, 2020 to Mar 17, 2020
    • RAUM · $1.8B to $2.3B
      Feb 10, 2020 to Mar 17, 2020
    • Other offices · 2 to 3
      Sep 17, 2019 to Nov 21, 2019
    • Accounts · 596 to 2,199
      Jan 22, 2019 to Mar 20, 2019
    • Advisory employees · 14 to 12
      Jan 22, 2019 to Mar 20, 2019
    • Charity clients · 12 to 8
      Jan 22, 2019 to Mar 20, 2019
    • Corporate clients · 9.0 to unset
      Jan 22, 2019 to Mar 20, 2019
    • HNW clients · 394 to 388
      Jan 22, 2019 to Mar 20, 2019
    • Individual clients · 174 to 209
      Jan 22, 2019 to Mar 20, 2019
    • Pension plan clients · 10 to 6
      Jan 22, 2019 to Mar 20, 2019
    • Employees · 23 to 22
      Jan 22, 2019 to Mar 20, 2019
    • Insurance-licensed employees · 1 to 0
      Jan 22, 2019 to Mar 20, 2019
    • State-registered IARs · 13 to 12
      Jan 22, 2019 to Mar 20, 2019
    • Discretionary RAUM · $1.6B to $1.8B
      Jan 22, 2019 to Mar 20, 2019
    • HNW RAUM · $1.4B to $1.5B
      Jan 22, 2019 to Mar 20, 2019
    • Individual RAUM · $93.7M to $116M
      Jan 22, 2019 to Mar 20, 2019
    • Non-discretionary RAUM · $4.4M to $9.7M
      Jan 22, 2019 to Mar 20, 2019
    • Pension RAUM · $34.5M to $10.6M
      Jan 22, 2019 to Mar 20, 2019
    • Pooled vehicle RAUM · $42.8M to $67.6M
      Jan 22, 2019 to Mar 20, 2019
    • RAUM · $1.6B to $1.8B
      Jan 22, 2019 to Mar 20, 2019
    Signals
    3 dated events
    • C••••••• W••••• M••••••••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Aug 12, 2020 · Succession (Item 4) · fact
    • Richard Kenneth Zannoni (Managing Partner) no longer on Schedule A of C••••••• W••••• M••••••••• L•• (listed 2020-06-30, absent 2020-07-24)
      Jul 24, 2020 · Control person left · inference
    • C••••••• W••••• M••••••••• L•• reported RAUM $2.3B, up 30% from $1.8B (2020-02-10 to 2020-03-17)
      Mar 17, 2020 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    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