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.
SEC-registered adviser
Noctua International Wmg, LLC
Latest filing Mar 25, 2026
First filing on the tape Mar 30, 2012 · 29 filings
SEC status approved since Sep 2, 2009
RAUM
$474M
reported, Item 5.F
Discretionary
77%
of RAUM
Private clients
98%
$465M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$119M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$474M as of Mar 25, 2026
Mar 30, 2012$377M then
HNW client RAUM$465M as of Mar 25, 2026
Mar 29, 2018$375M then
State-registered IARs (5.B.3)3 as of Mar 25, 2026
Apr 2, 20133 then
Employees (5.A)7 as of Mar 25, 2026
Apr 2, 20139 then
Private funds2 as of Mar 27, 2019
Mar 30, 20121 then
RAUM +23% over the last fiscal year+19% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $119MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $11.9MderivedHNW RAUM over HNW clients
- Average account
- $2.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 77%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$465M98%
- Corporations and businesses$9.3M2.0%
- Individual clients
- n/areported
- HNW clients
- 39reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 165reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Carlos Eduardo Morales | Miami, Fl | Jul 27, 2022 | 10 y | 0 |
| Francisco Sebastian Marino | Miami, Fl | Jul 27, 2022 | 12 y | 0 |
| Martin Guyot | Miami, Fl | Jan 1, 2025 | 22 y | 1 |
| Frank J Estevez | Miami, Fl | May 4, 2026 | 10 y | 0 |
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 headcount1 left over 36 months
Left, latest
- Samuel Wells Covert to Alti Wealth Management (US International), Inc.Nov 21, 2024 · RIA to RIA
- Marcelo Pablo Di Cugno to Allaria Asset Management, LLCDec 31, 2017 · Other
Joined, latest
- Martin Guyot from Guggenheim Investment Advisors, LLCJan 1, 2025 · Other
- Samuel Wells Covert from Alti Wealth Management (US International), Inc.Dec 7, 2012 · Other
Private funds
4 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Alto Global Master Fund, L.P.no longer reported | Hedge Fund | $47.1M | 26 | Mar 30, 2012 |
| Ocean Lane Global Fundno longer reported | Hedge Fund | $21.4M | 16 | Mar 29, 2018 |
| Argentina Master Fundno longer reported | Hedge Fund | $14.8M | 18 | Mar 27, 2015 |
| Em Credit Opportunities Master Fund, LPno longer reported | Hedge Fund | $11.0M | 16 | Mar 29, 2017 |
Owners and control persons
Schedule A and B, latest filing
- Martin Guyot · Presidentcontrolsince 05/2009 · owns less than 5%
- Sebastian Francisco Marino · Chief Executive Officercontrolsince 01/2024 · owns less than 5%
- Martin Guyot · Shareholdercontrolsince 01/2019 · owns 75% or more of Affinis Partners II, LLC
- Eduardo Carlos Morales · Chief Compliance Officersince 12/2020 · owns less than 5%
Entity owners
- Affinis Partners II, LLC · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Noctua Strategic Invesments, LLC.pooled vehicle sponsorn
- One Bric Capital LLCpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Miami, Fl · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing Mar 25, 2026HNW RAUM per HNW client of $11,929,154 against a peer median of $2,404,040 (4940 comparable advisers, 100.0th percentile, 6.4 robust deviations)peers: independent wealth managers, $100M to $500M (4,940) · 100% percentile
What changed
consecutive filings, newest first
- Corporate clients · 3 to 4Mar 24, 2025 to Mar 25, 2026
- HNW clients · 38 to 39Mar 24, 2025 to Mar 25, 2026
- Employees · 6 to 7Mar 24, 2025 to Mar 25, 2026
- Discretionary RAUM · $329M to $366MMar 24, 2025 to Mar 25, 2026
- HNW RAUM · $379M to $465MMar 24, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $58.0M to $109MMar 24, 2025 to Mar 25, 2026
- RAUM · $387M to $474MMar 24, 2025 to Mar 25, 2026
- Accounts · 161 to 165Mar 14, 2024 to Mar 24, 2025
- Corporate clients · 2 to 3Mar 14, 2024 to Mar 24, 2025
- HNW clients · 33 to 38Mar 14, 2024 to Mar 24, 2025
- Financial planning clients · unset to Mar 14, 2024 to Mar 24, 2025
- Discretionary RAUM · $281M to $329MMar 14, 2024 to Mar 24, 2025
- HNW RAUM · $330M to $379MMar 14, 2024 to Mar 24, 2025
- Non-discretionary RAUM · $52.1M to $58.0MMar 14, 2024 to Mar 24, 2025
- RAUM · $333M to $387MMar 14, 2024 to Mar 24, 2025
- Accounts · 135 to 161Oct 20, 2023 to Mar 14, 2024
- HNW clients · 32 to 33Oct 20, 2023 to Mar 14, 2024
- Discretionary RAUM · $241M to $281MOct 20, 2023 to Mar 14, 2024
- HNW RAUM · $275M to $330MOct 20, 2023 to Mar 14, 2024
- Non-discretionary RAUM · $40.9M to $52.1MOct 20, 2023 to Mar 14, 2024
- RAUM · $282M to $333MOct 20, 2023 to Mar 14, 2024
- Accounts · 121 to 135Jan 17, 2023 to Mar 30, 2023
- HNW clients · 31 to 32Jan 17, 2023 to Mar 30, 2023
- State-registered IARs · 1 to 3Jan 17, 2023 to Mar 30, 2023
- Discretionary RAUM · $273M to $241MJan 17, 2023 to Mar 30, 2023
- HNW RAUM · $308M to $275MJan 17, 2023 to Mar 30, 2023
- Non-discretionary RAUM · $40.6M to $40.9MJan 17, 2023 to Mar 30, 2023
- RAUM · $313M to $282MJan 17, 2023 to Mar 30, 2023
- Related adviser · true to falseJan 3, 2023 to Jan 17, 2023
- Accounts · 118 to 121Mar 31, 2021 to Mar 31, 2022
- Advisory employees · 5 to 3Mar 31, 2021 to Mar 31, 2022
- HNW clients · 26 to 31Mar 31, 2021 to Mar 31, 2022
- Pooled vehicle clients · 6.0 to unsetMar 31, 2021 to Mar 31, 2022
- Assets in custody · 11654979.0 to unsetMar 31, 2021 to Mar 31, 2022
- Custody of client assets · true to falseMar 31, 2021 to Mar 31, 2022
- Employees · 8 to 6Mar 31, 2021 to Mar 31, 2022
- State-registered IARs · 2 to 1Mar 31, 2021 to Mar 31, 2022
- Discretionary RAUM · $284M to $273MMar 31, 2021 to Mar 31, 2022
- HNW RAUM · $331M to $308MMar 31, 2021 to Mar 31, 2022
- Non-discretionary RAUM · $61.6M to $40.6MMar 31, 2021 to Mar 31, 2022
Signals
10 dated events
- Samuel Wells Covert left Noctua International Wmg, Llc for Alti Wealth Management (Us International), Inc. (registered 2025-03-12)Nov 21, 2024 · Advisor changed firm · fact
- Sebastian Francisco Marino (Chief Executive Officer) appeared on Schedule A of Noctua International Wmg, LlcMar 14, 2024 · Control person joined · fact
- Sebastian Lema (Manager) no longer on Schedule A of Noctua International Wmg, Llc (listed 2022-03-31, absent 2022-07-11)Jul 11, 2022 · Control person left · inference
- Shane Christopher Jordan (Chief Compliance Officer) no longer on Schedule A of Noctua International Wmg, Llc (listed 2020-06-15, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- Noctua International Wmg, Llc reported RAUM $391.5M, down 27% from $536.0M (2019-03-27 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Fernando Iribarne (Chief Operating Officer) no longer on Schedule A of Noctua International Wmg, Llc (listed 2019-03-27, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Teresia Paivi Vetelainen (Chief Compliance Officer) no longer on Schedule A of Noctua International Wmg, Llc (listed 2019-03-27, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Shane Christopher Jordan (Chief Compliance Officer) appeared on Schedule A of Noctua International Wmg, LlcMar 30, 2020 · Control person joined · fact
- Sebastian Lema (Manager) appeared on Schedule A of Noctua International Wmg, LlcMar 30, 2020 · Control person joined · fact
- Noctua International Wmg, Llc reported RAUM $486.3M, up 36% from $356.8M (2017-03-29 to 2018-03-29)Mar 29, 2018 · RAUM change · derived
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@noctuapartners.comreportedpublished by the firm, firm site, Sep 15, 2026
- Website
- NOCTUAPARTNERS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 786-220-0330reportedpublic record, Form ADV, Mar 25, 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
- $119Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026