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

Empirical Asset Management, LLC

Independent wealth managerWellesley, MassachusettsCRD 155436SEC 801-71967websiteIAPD
Latest filing Jul 7, 2026
First filing on the tape Mar 30, 2012 · 52 filings
SEC status approved since Nov 23, 2010
RAUM
$560M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
89%
$498M individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$46.7M
derived; firm RAUM over IAPD count
Employees
14
10 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
1
reported on Schedule D
History
52 filings and snapshots on the tape
RAUM$560M as of Jul 7, 2026
Mar 30, 2012$73.2M then
HNW client RAUM$423M as of Jul 7, 2026
Mar 27, 2018$65.4M then
State-registered IARs (5.B.3)9 as of Jul 7, 2026
Mar 30, 20120 then
Employees (5.A)14 as of Jul 7, 2026
Mar 12, 20133 then
Private funds1 as of Jul 7, 2026
Mar 30, 20121 then
RAUM +20% over the last fiscal year+24% a year over threeIARs 9 to 9offices 6 to 5
Practice profile
derived from the filing of Jul 7, 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
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$46.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
38derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.6MderivedHNW RAUM over HNW clients
Average account
$400,299derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
7.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
2.0derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+10%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$220MreportedItem 5.I
Custody
$39.5M, 81 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$423M75%
  • Individuals$74.8M13%
  • Pension and profit-sharing plans$35.3M6.3%
  • Corporations and businesses$22.4M4.0%
  • Charitable organizations$4.3M0.8%
  • Pooled investment vehicles$444,6830.1%
Individual clients
190reported
HNW clients
267reported
Pension plan clients
6reported
Charitable clients
n/areported
Accounts
1,399reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$39.5M for 81 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.89 fund_share=0.0 institutional_share=0.07 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Mark Henry FiskioWellesley, MaJun 14, 201242 y2
John Patrick ShreenanWellesley, MaJan 15, 202041 y1
Warren Francis MulhernWellesley, MaMay 18, 202145 y6
Glenn Andrew CaldicottWellesley, MaDec 9, 202141 y1
Jonathan Charles PentaWellesley, MaJan 19, 202224 y3
Thomas Frances AlessiNeedham, Ma Jun 28, 202233 y5
Mark John GovoniWarner, Nh Apr 3, 202440 y3
Anthony Gale GrayWellesley, Ma Feb 3, 202513 y1
Peter Joseph MartinWellesley, Ma Mar 24, 202534 y0
Joseph RozziNeedham, Ma Nov 19, 202512 y0
Richard Edward OberucLakewood Ranch, Fl Jul 1, 202615 y2
Philip Gabriel NehroCertified Financial PlannerWellesley, Ma Jul 9, 202646 y4
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days2 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Empirical Long Short Fund, L.P.Hedge Fund$1.3M4Mar 30, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • Andrew Glenn Caldicott · Chief Investment Officercontrol
      since 11/2021 · owns less than 5%
    • Henry Mark Fiskio · Managing Member And Chief Compliance Officercontrol
      since 09/2010 · owns 50% to 75%
    • Manning Robert Wadsworth · Investor Member
      since 03/2016 · owns 5% to 10%
    Entity owners
    • Seven Hills Foundation · Investor
      direct · owns 5% to 10%
    Related persons
    Schedule D 7.A
    • Empirical Fiscal Partners, LLC
      pooled vehicle sponsorn
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Wellesley, Ma · principal1230
    Needham, Ma210
    Offices
    Schedule D 1.F, the 25 largest
    • Hull, MA1 employees
    • Needham, MA1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 988 to 1,399
      Sep 4, 2025 to Mar 30, 2026
    • Advisory employees · 11 to 10
      Sep 4, 2025 to Mar 30, 2026
    • Corporate clients · 7 to 10
      Sep 4, 2025 to Mar 30, 2026
    • HNW clients · 216 to 267
      Sep 4, 2025 to Mar 30, 2026
    • Individual clients · 198 to 190
      Sep 4, 2025 to Mar 30, 2026
    • Pension plan clients · 12 to 6
      Sep 4, 2025 to Mar 30, 2026
    • Assets in custody · $47.0M to $39.5M
      Sep 4, 2025 to Mar 30, 2026
    • Other offices · 6 to 5
      Sep 4, 2025 to Mar 30, 2026
    • Discretionary RAUM · $449M to $540M
      Sep 4, 2025 to Mar 30, 2026
    • HNW RAUM · $360M to $423M
      Sep 4, 2025 to Mar 30, 2026
    • Individual RAUM · $53.6M to $74.8M
      Sep 4, 2025 to Mar 30, 2026
    • Non-discretionary RAUM · $18.2M to $20.4M
      Sep 4, 2025 to Mar 30, 2026
    • Pension RAUM · $26.5M to $35.3M
      Sep 4, 2025 to Mar 30, 2026
    • Pooled vehicle RAUM · $523,990 to $444,683
      Sep 4, 2025 to Mar 30, 2026
    • RAUM · $467M to $560M
      Sep 4, 2025 to Mar 30, 2026
    • Financial planning clients · unset to
      Mar 28, 2025 to May 15, 2025
    • Accounts · 1,058 to 988
      Jan 29, 2025 to Mar 28, 2025
    • Advisory employees · 7 to 11
      Jan 29, 2025 to Mar 28, 2025
    • Advisory activities · 6 to 5
      Jan 29, 2025 to Mar 28, 2025
    • Corporate clients · 10 to 7
      Jan 29, 2025 to Mar 28, 2025
    • HNW clients · 142 to 216
      Jan 29, 2025 to Mar 28, 2025
    • Individual clients · 170 to 198
      Jan 29, 2025 to Mar 28, 2025
    • Pension plan clients · 16 to 12
      Jan 29, 2025 to Mar 28, 2025
    • Assets in custody · $23.9M to $47.0M
      Jan 29, 2025 to Mar 28, 2025
    • Employees · 12 to 14
      Jan 29, 2025 to Mar 28, 2025
    • State-registered IARs · 7 to 9
      Jan 29, 2025 to Mar 28, 2025
    • Other offices · 4 to 6
      Jan 29, 2025 to Mar 28, 2025
    • Discretionary RAUM · $317M to $449M
      Jan 29, 2025 to Mar 28, 2025
    • HNW RAUM · $228M to $360M
      Jan 29, 2025 to Mar 28, 2025
    • Individual RAUM · $57.2M to $53.6M
      Jan 29, 2025 to Mar 28, 2025
    • Non-discretionary RAUM · $11.9M to $18.2M
      Jan 29, 2025 to Mar 28, 2025
    • Pension RAUM · $28.3M to $26.5M
      Jan 29, 2025 to Mar 28, 2025
    • Pooled vehicle RAUM · $576,936 to $523,990
      Jan 29, 2025 to Mar 28, 2025
    • RAUM · $329M to $467M
      Jan 29, 2025 to Mar 28, 2025
    • Accounts · 1,044 to 1,058
      Nov 9, 2023 to Mar 26, 2024
    • Corporate clients · 5 to 10
      Nov 9, 2023 to Mar 26, 2024
    • HNW clients · 155 to 142
      Nov 9, 2023 to Mar 26, 2024
    • Individual clients · 164 to 170
      Nov 9, 2023 to Mar 26, 2024
    • Pension plan clients · 10 to 16
      Nov 9, 2023 to Mar 26, 2024
    • Assets in custody · $81.1M to $23.9M
      Nov 9, 2023 to Mar 26, 2024
    Signals
    4 dated events
    • 2 advisors left Virtue Capital Management, LLC (Brentwood, TN) for Empirical Asset Management, LLC on the same day
      Jul 1, 2026 · Team lift-out · derived
    • Vana Koutsomitis left Empirical Asset Management, Llc for Raymond James & Associates, Inc. (registered 2025-03-26)
      Apr 14, 2025 · Advisor changed firm · fact
    • Empirical Asset Management, Llc reported RAUM $467.0M, up 42% from $328.7M (2025-01-29 to 2025-03-28)
      Mar 28, 2025 · RAUM change · derived
    • Andrew Glenn Caldicott (Chief Investment Officer) appeared on Schedule A of Empirical Asset Management, Llc
      Mar 28, 2022 · Control person joined · 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 phone
    617-855-9970reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    617-855-9971reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    617-855-9973reportedpublished by the firm, firm site, Sep 15, 2026
    Website
    bostonplatinummanagement.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    781-431-2223reportedpublic record, Form ADV, Jul 7, 2026
    Contact form
    bostonplatinummanagement.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    bostonplatinummanagement.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
    $46.7Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026