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
V••••• F•••••••• S••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 16 filings
SEC status approved since Apr 28, 2020
RAUM
$226M
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
100%
$226M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$113M
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$226M as of Mar 31, 2026
Mar 30, 2012$34.0M then
HNW client RAUM$181M as of Mar 31, 2026
Mar 31, 2021$105M then
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 30, 20120 then
Employees (5.A)4 as of Mar 31, 2026
Mar 31, 20214 then
Private funds: no history
RAUM +14% over the last fiscal year+14% a year over threeIARs 2 to 1
Practice profile
derived from the filing of Mar 31, 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
- $113MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 93derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $366,898derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- -50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.1%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $76.3M, 101 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)
- 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$181M80%
- Individuals$45.0M20%
- Individual clients
- 117reported
- HNW clients
- 69reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 616reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $76.3M for 101 clientsreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• L•••• V•••••Certified Financial Planner | Concord, Nh | Aug 2, 2010 | 27 y | 2 |
| D••••• B••••••• | Concord, Nh | Apr 8, 2026 | 10 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Left, latest
- K•••••••• L•• F•••••• to L•• F•••••••• L••Sep 29, 2025 · RIA to affiliated broker-dealer or bank
Joined, latest
- R••••• L•••• V••••• from F•••• C•••••• W••••• M••••••••• I•••Aug 2, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- V•••••• R•••••• L•••• · Owner, Managing Membercontrolsince 04/2010 · owns 75% or more
- W•••••• V•••••••• J••• · Chief Compliance Officercontrolsince 07/2010 · 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 |
|---|---|---|---|---|---|
| Concord, Nh · principal | 2 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Dover, NH1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 31, 2026custody of client assets (Item 9.A): no on the filing of 2025-09-26, yes on the filing of 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 594 to 616Sep 26, 2025 to Mar 31, 2026
- Advisory employees · 2 to 1Sep 26, 2025 to Mar 31, 2026
- HNW clients · 60 to 69Sep 26, 2025 to Mar 31, 2026
- Individual clients · 112 to 117Sep 26, 2025 to Mar 31, 2026
- Assets in custody · unset to 76328659.0Sep 26, 2025 to Mar 31, 2026
- Custody of client assets · false to trueSep 26, 2025 to Mar 31, 2026
- Financial planning clients · 1-10 to 101-250Sep 26, 2025 to Mar 31, 2026
- State-registered IARs · 2 to 1Sep 26, 2025 to Mar 31, 2026
- Discretionary RAUM · $182M to $212MSep 26, 2025 to Mar 31, 2026
- HNW RAUM · $153M to $181MSep 26, 2025 to Mar 31, 2026
- Individual RAUM · $46.2M to $45.0MSep 26, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $17.4M to $14.4MSep 26, 2025 to Mar 31, 2026
- RAUM · $199M to $226MSep 26, 2025 to Mar 31, 2026
- Accounts · 585 to 594Oct 3, 2024 to Mar 31, 2025
- Advisory employees · 1 to 2Oct 3, 2024 to Mar 31, 2025
- Individual clients · 124 to 112Oct 3, 2024 to Mar 31, 2025
- Financial planning clients · 101-250 to 1-10Oct 3, 2024 to Mar 31, 2025
- State-registered IARs · 1 to 2Oct 3, 2024 to Mar 31, 2025
- Discretionary RAUM · $163M to $182MOct 3, 2024 to Mar 31, 2025
- HNW RAUM · $131M to $153MOct 3, 2024 to Mar 31, 2025
- Individual RAUM · $48.7M to $46.2MOct 3, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $16.6M to $17.4MOct 3, 2024 to Mar 31, 2025
- RAUM · $180M to $199MOct 3, 2024 to Mar 31, 2025
- Accounts · 559 to 585Jun 5, 2023 to Mar 26, 2024
- HNW clients · 49 to 60Jun 5, 2023 to Mar 26, 2024
- Individual clients · 98 to 124Jun 5, 2023 to Mar 26, 2024
- Discretionary RAUM · $139M to $163MJun 5, 2023 to Mar 26, 2024
- HNW RAUM · $120M to $131MJun 5, 2023 to Mar 26, 2024
- Individual RAUM · $32.3M to $48.7MJun 5, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $13.1M to $16.6MJun 5, 2023 to Mar 26, 2024
- RAUM · $152M to $180MJun 5, 2023 to Mar 26, 2024
- Accounts · 511 to 559Mar 22, 2022 to Jun 5, 2023
- HNW clients · 73 to 49Mar 22, 2022 to Jun 5, 2023
- Individual clients · 82 to 98Mar 22, 2022 to Jun 5, 2023
- Discretionary RAUM · $154M to $139MMar 22, 2022 to Jun 5, 2023
- HNW RAUM · $127M to $120MMar 22, 2022 to Jun 5, 2023
- Individual RAUM · $36.8M to $32.3MMar 22, 2022 to Jun 5, 2023
- Non-discretionary RAUM · $10.2M to $13.1MMar 22, 2022 to Jun 5, 2023
- RAUM · $164M to $152MMar 22, 2022 to Jun 5, 2023
- Accounts · 515 to 511Jun 28, 2021 to Mar 22, 2022
Signals
2 dated events
- K•••••••• L•• F•••••• left V••••• F•••••••• S••••••• L•• for L•• F•••••••• L•• (registered 2025-12-26)Sep 29, 2025 · Advisor changed firm · fact
- V••••• F•••••••• S••••••• L•• filed its initial SEC registration (Form ADV)Mar 29, 2020 · 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
- ron@valpeyfinancialservices.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 603-856-7945reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 603-856-7946reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- valpeyfinancialservices.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 603-856-7945reportedpublic record, Form ADV, Mar 31, 2026
- Team page
- valpeyfinancialservices.com/our-team-full-page-0-ron-valpey-reportedpublished by the firm, firm site, Sep 17, 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
- $113Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026