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

F•••••••• I••••••••• L••

Independent wealth managerWarwick, Rhode IslandCRD 150515SEC 801-120254websiteIAPD
Latest filing Jul 30, 2026
First filing on the tape Jan 4, 2021 · 19 filings
SEC status approved since Feb 17, 2021
RAUM
$288M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
99%
$286M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$72.0M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$288M as of Jul 30, 2026
Jan 12, 2021$176M then
HNW client RAUM$214M as of Jul 30, 2026
Jan 12, 2021$109M then
State-registered IARs (5.B.3)4 as of Jul 30, 2026
Jan 12, 20213 then
Employees (5.A)7 as of Jul 30, 2026
Jan 12, 20213 then
Private funds: no history
RAUM +19% over the last fiscal year+16% a year over threeIARs 3 to 4offices 0 to 2
Practice profile
derived from the filing of Jul 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$72.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
70derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$321,904derivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
1.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$214M74%
  • Individuals$72.0M25%
  • Pension and profit-sharing plans$2.3M0.8%
Individual clients
191reported
HNW clients
87reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
895reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R••• W••••• C•••••••Chartered Financial ConsultantHyannis, Ma Jun 1, 200925 y2
M••• A•••• L•••••••Certified Financial PlannerWarwick, Ri Sep 25, 200940 y2
K•••• P•••••Certified Financial PlannerWarwick, RiNov 16, 201814 y0
M•••••••• D•••••• C•••••••Warwick, RiFeb 12, 202612 y1
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • C•••••••• R•••• W••••• · President/Chief Compliance Officercontrol
    since 04/2009 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Warwick, Ri · principal410
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • low discretionary shareStatic outlier · filing Jul 30, 2026
    discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)
    peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
What changed
consecutive filings, newest first
  • Other offices · 0 to 2
    Mar 3, 2026 to Jul 30, 2026
  • Advisory employees · 3 to 4
    Feb 5, 2026 to Mar 3, 2026
  • State-registered IARs · 3 to 4
    Feb 5, 2026 to Mar 3, 2026
  • Accounts · 834 to 895
    Mar 4, 2025 to Feb 5, 2026
  • HNW clients · 74 to 87
    Mar 4, 2025 to Feb 5, 2026
  • Individual clients · 187 to 191
    Mar 4, 2025 to Feb 5, 2026
  • Employees · 6 to 7
    Mar 4, 2025 to Feb 5, 2026
  • HNW RAUM · $175M to $214M
    Mar 4, 2025 to Feb 5, 2026
  • Individual RAUM · $65.6M to $72.0M
    Mar 4, 2025 to Feb 5, 2026
  • Non-discretionary RAUM · $242M to $288M
    Mar 4, 2025 to Feb 5, 2026
  • Pension RAUM · $2.0M to $2.3M
    Mar 4, 2025 to Feb 5, 2026
  • RAUM · $242M to $288M
    Mar 4, 2025 to Feb 5, 2026
  • Accounts · 780 to 834
    Feb 14, 2024 to Mar 4, 2025
  • HNW clients · 67 to 74
    Feb 14, 2024 to Mar 4, 2025
  • Individual clients · 189 to 187
    Feb 14, 2024 to Mar 4, 2025
  • Financial planning clients · 101-250 to 101-250
    Feb 14, 2024 to Mar 4, 2025
  • HNW RAUM · $144M to $175M
    Feb 14, 2024 to Mar 4, 2025
  • Individual RAUM · $64.2M to $65.6M
    Feb 14, 2024 to Mar 4, 2025
  • Non-discretionary RAUM · $210M to $242M
    Feb 14, 2024 to Mar 4, 2025
  • Pension RAUM · $1.8M to $2.0M
    Feb 14, 2024 to Mar 4, 2025
  • RAUM · $210M to $242M
    Feb 14, 2024 to Mar 4, 2025
  • Accounts · 732 to 780
    Sep 25, 2023 to Feb 14, 2024
  • HNW clients · 64 to 67
    Sep 25, 2023 to Feb 14, 2024
  • Individual clients · 180 to 189
    Sep 25, 2023 to Feb 14, 2024
  • Pension plan clients · 2 to 1
    Sep 25, 2023 to Feb 14, 2024
  • HNW RAUM · $124M to $144M
    Sep 25, 2023 to Feb 14, 2024
  • Individual RAUM · $57.3M to $64.2M
    Sep 25, 2023 to Feb 14, 2024
  • Non-discretionary RAUM · $184M to $210M
    Sep 25, 2023 to Feb 14, 2024
  • Pension RAUM · $3.0M to $1.8M
    Sep 25, 2023 to Feb 14, 2024
  • RAUM · $184M to $210M
    Sep 25, 2023 to Feb 14, 2024
  • Accounts · 667 to 732
    Oct 13, 2022 to Mar 1, 2023
  • HNW clients · 66 to 64
    Oct 13, 2022 to Mar 1, 2023
  • Individual clients · 165 to 180
    Oct 13, 2022 to Mar 1, 2023
  • Pension plan clients · 4 to 2
    Oct 13, 2022 to Mar 1, 2023
  • HNW RAUM · $138M to $124M
    Oct 13, 2022 to Mar 1, 2023
  • Individual RAUM · $62.5M to $57.3M
    Oct 13, 2022 to Mar 1, 2023
  • Non-discretionary RAUM · $210M to $184M
    Oct 13, 2022 to Mar 1, 2023
  • Pension RAUM · $9.7M to $3.0M
    Oct 13, 2022 to Mar 1, 2023
  • RAUM · $210M to $184M
    Oct 13, 2022 to Mar 1, 2023
  • Employees · 7 to 6
    Aug 12, 2022 to Oct 13, 2022
Signals
1 dated events
  • F•••••••• I••••••••• L•• filed its initial SEC registration (Form ADV)
    Jan 4, 2021 · First SEC registration · 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
Business email
info@fi-ri.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
401-681-4825reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/financial-independence-llcreportedpublic record, Form ADV, Sep 18, 2026
Website
FI-RI.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
401-681-4825reportedpublic record, Form ADV, Jul 30, 2026
Team page
fi-ri.com/meet-the-teamreportedpublished by the firm, firm site, Sep 15, 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$72.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026