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•••••• W••••• M••••••••• I•••

Independent wealth managerNewburgh, New YorkCRD 154828SEC 801-71860websiteIAPD
Latest filing Mar 23, 2026
First filing on the tape Mar 27, 2012 · 40 filings
SEC status approved since Nov 5, 2010
RAUM
$2.3B
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
55%
$1.3B individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$206M
derived; firm RAUM over IAPD count
Employees
19
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$2.3B as of Mar 23, 2026
Mar 27, 2012$216M then
HNW client RAUM$816M as of Mar 23, 2026
Mar 26, 2018$216M then
State-registered IARs (5.B.3)8 as of Mar 23, 2026
Mar 27, 20120 then
Employees (5.A)19 as of Mar 23, 2026
Mar 22, 201310 then
Private funds: no history
RAUM +20% over the last fiscal year+34% a year over threeIARs 10 to 8
Practice profile
derived from the filing of Mar 23, 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
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$206MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
197derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$395,750derivedRAUM over accounts (5.F.2.f)
Discretionary
86%derivedof RAUM
Institutional
27%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
11.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$1.3BreportedItem 5.I
Custody
$15.4M, 57 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$816M36%
  • Pension and profit-sharing plans$602M27%
  • Individuals$437M19%
  • Corporations and businesses$397M17%
  • State and municipal entities$11.8M0.5%
  • Charitable organizations$5.7M0.2%
Individual clients
1,867reported
HNW clients
296reported
Pension plan clients
133reported
Charitable clients
7reported
Accounts
5,733reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $3.4M managedreported
Custody of client assets
$15.4M for 57 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.55 fund_share=0.0 institutional_share=0.27 related_bd=false related_bank=false bd_reps=8.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D•••••••• P•••••• J••••• · Managing Directorcontrol
    since 08/2010 · owns 75% or more
  • M••••••• Z••••••• M•••••• · Chief Compliance Officercontrol
    since 07/2025 · owns less than 5%
  • B••••• B••••• H••••• · Chief Compliance Officer
    since 06/2020 · owns less than 5%
  • B••••• J••••• M•••••• · Senior Vice President
    since 07/2019 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Newburgh, Ny · principal1110
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Mar 23, 2026
    M••••••• Z••••••• M•••••• (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2020-03-26 and 2026-03-23
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Advisory activities · 4 to 5
    Nov 19, 2025 to Mar 23, 2026
  • Accounts · 5,215 to 5,733
    Nov 19, 2025 to Mar 23, 2026
  • Charity clients · 5 to 7
    Nov 19, 2025 to Mar 23, 2026
  • Corporate clients · 20 to 23
    Nov 19, 2025 to Mar 23, 2026
  • HNW clients · 243 to 296
    Nov 19, 2025 to Mar 23, 2026
  • Individual clients · 1,751 to 1,867
    Nov 19, 2025 to Mar 23, 2026
  • Pension plan clients · 94 to 133
    Nov 19, 2025 to Mar 23, 2026
  • Assets in custody · $7.7M to $15.4M
    Nov 19, 2025 to Mar 23, 2026
  • Discretionary RAUM · $1.6B to $1.9B
    Nov 19, 2025 to Mar 23, 2026
  • HNW RAUM · $634M to $816M
    Nov 19, 2025 to Mar 23, 2026
  • Individual RAUM · $387M to $437M
    Nov 19, 2025 to Mar 23, 2026
  • Non-discretionary RAUM · $290M to $325M
    Nov 19, 2025 to Mar 23, 2026
  • Pension RAUM · $501M to $602M
    Nov 19, 2025 to Mar 23, 2026
  • RAUM · $1.9B to $2.3B
    Nov 19, 2025 to Mar 23, 2026
  • Wrap assets (manager) · $0 to $3.4M
    Nov 19, 2025 to Mar 23, 2026
  • Advisory employees · 13 to 8
    Jul 18, 2025 to Nov 19, 2025
  • BD registered reps · 10 to 8
    Jul 18, 2025 to Nov 19, 2025
  • State-registered IARs · 10 to 8
    Jul 18, 2025 to Nov 19, 2025
  • Financial planning clients · 1-10 to 1-10
    Jun 10, 2025 to Jul 18, 2025
  • Accounts · 1,980 to 5,215
    Jan 10, 2025 to Apr 30, 2025
  • Advisory activities · 3 to 4
    Jan 10, 2025 to Apr 30, 2025
  • Charity clients · 3 to 5
    Jan 10, 2025 to Apr 30, 2025
  • Corporate clients · 17 to 20
    Jan 10, 2025 to Apr 30, 2025
  • HNW clients · 231 to 243
    Jan 10, 2025 to Apr 30, 2025
  • Individual clients · 1,329 to 1,751
    Jan 10, 2025 to Apr 30, 2025
  • Pension plan clients · 89 to 94
    Jan 10, 2025 to Apr 30, 2025
  • Assets in custody · $6.7M to $7.7M
    Jan 10, 2025 to Apr 30, 2025
  • Discretionary RAUM · $1.2B to $1.6B
    Jan 10, 2025 to Apr 30, 2025
  • HNW RAUM · $427M to $634M
    Jan 10, 2025 to Apr 30, 2025
  • Individual RAUM · $246M to $387M
    Jan 10, 2025 to Apr 30, 2025
  • Non-discretionary RAUM · $0 to $290M
    Jan 10, 2025 to Apr 30, 2025
  • Pension RAUM · $452M to $501M
    Jan 10, 2025 to Apr 30, 2025
  • RAUM · $1.2B to $1.9B
    Jan 10, 2025 to Apr 30, 2025
  • Advisory employees · 12 to 13
    Oct 1, 2024 to Jan 10, 2025
  • BD registered reps · 9 to 10
    Oct 1, 2024 to Jan 10, 2025
  • Employees · 18 to 19
    Oct 1, 2024 to Jan 10, 2025
  • State-registered IARs · 9 to 10
    Oct 1, 2024 to Jan 10, 2025
  • Accounts · 1,943 to 1,980
    Sep 26, 2023 to Mar 21, 2024
  • BD registered reps · 8 to 9
    Sep 26, 2023 to Mar 21, 2024
  • Corporate clients · 24 to 17
    Sep 26, 2023 to Mar 21, 2024
Signals
4 dated events
  • F•••••• W••••• M••••••••• I••• reported RAUM $1.9B, up 60% from $1.2B (2025-01-10 to 2025-04-30)
    Apr 30, 2025 · RAUM change · derived
  • Monique Schulman (Chief Compliance Officer) no longer on Schedule A of F•••••• W••••• M••••••••• I••• (listed 2020-05-28, absent 2020-06-17)
    Jun 17, 2020 · Control person left · inference
  • J••••• Salvatore Timperio (Chief Operating Officer) no longer on Schedule A of F•••••• W••••• M••••••••• I••• (listed 2019-03-12, absent 2019-09-12)
    Sep 12, 2019 · Control person left · inference
  • F•••••• W••••• M••••••••• I••• reported RAUM $685.5M, up 32% from $518.8M (2017-05-25 to 2018-03-26)
    Mar 26, 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
Firm profile
H••••://WWW.LINKEDIN.COM/COMPANY/F••••••-WEALTH-MANAGEMENT-Sreportedpublic record, Form ADV, Sep 18, 2026
Website
F••••••WEALTHMGMT.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
845-691-4035reportedpublic record, Form ADV, Mar 23, 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
$206Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026