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.
Former SEC-registered adviser
Alera Retirement Advisors, LLC
Latest filing Mar 31, 2025
First filing on the tape Feb 21, 2012 · 26 filings
SEC status approved since Dec 17, 2010
RAUM
$45.7M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$45.7M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$45.7M as of Mar 31, 2025
Feb 21, 2012$75.4M then
HNW client RAUM$45.7M as of Mar 31, 2025
Mar 20, 2018$32.0M then
State-registered IARs (5.B.3)0 as of Mar 31, 2025
Apr 30, 20130 then
Employees (5.A)5 as of Mar 31, 2025
Apr 30, 20133 then
Private funds: no history
RAUM +17% over the last fiscal year-64% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2025; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $564,520derivedHNW RAUM over HNW clients
- Average account
- $564,520derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +35%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $8.5M, 22 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$45.7M100%
- Individual clients
- 0reported
- HNW clients
- 81reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 81reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $8.5M for 22 clientsreported
- Compensation
- % of AUMreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Michael John Merriman to Alera Investment Advisors, LLCJul 1, 2025 · RIA to RIA
- Brian Patrick Costello to Alera Investment Advisors, LLCJul 1, 2025 · RIA to RIA
- Mary Katherine O'Brian to Alera Investment Advisors, LLCJul 1, 2025 · RIA to RIA
Joined, latest
none on the tape
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Alera Investment Advisors, LLCJul 1, 2025 · Rochester, Ny · Firm absorbed
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Patrick Brian Costello · Managing Member / Chief Compliance Officercontrolsince 04/2021 · owns less than 5%
- John Michael Merriman · Managing Membercontrolsince 04/2021 · owns less than 5%
- Katherine Mary O'Brian · Managing Membercontrolsince 04/2021 · owns less than 5%
Entity owners
- Alera Group, Inc. · Managing Member/Parent Companydirect · owns 75% or more
- Genstar Capital Partners X, L.P. · Shareholderindirect · owns 25% to 50% of Alera Group, Inc.
- Genstar X Alera Group Holdings, LLC · Shareholderindirect · owns 25% to 50% of Genstar Capital Partners X, L.P.
Related persons
Schedule D 7.A
- Alera Groupreal estatey
- Alera Investment Advisors, LLCinvestment advisernRAUM $5.3B
Advisers that list Alera Retirement Advisors, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Rochester, Ny · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Portland, OR1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 89 to 81Mar 15, 2024 to Mar 31, 2025
- Advisory employees · 4 to 3Mar 15, 2024 to Mar 31, 2025
- Business name · THE WATERFORD GROUP, LLC to ALERA RETIREMENT ADVISORS, LLCMar 15, 2024 to Mar 31, 2025
- HNW clients · 60 to 81Mar 15, 2024 to Mar 31, 2025
- Legal name · THE WATERFORD GROUP, LLC to ALERA RETIREMENT ADVISORS, LLCMar 15, 2024 to Mar 31, 2025
- Discretionary RAUM · $39.0M to $45.7MMar 15, 2024 to Mar 31, 2025
- HNW RAUM · $39.0M to $45.7MMar 15, 2024 to Mar 31, 2025
- RAUM · $39.0M to $45.7MMar 15, 2024 to Mar 31, 2025
- Accounts · 199 to 89Apr 24, 2023 to Mar 15, 2024
- Advisory employees · 3 to 4Apr 24, 2023 to Mar 15, 2024
- HNW clients · 41 to 60Apr 24, 2023 to Mar 15, 2024
- Pension plan clients · 111 to 0Apr 24, 2023 to Mar 15, 2024
- Assets in custody · $9.2M to $8.5MApr 24, 2023 to Mar 15, 2024
- Employees · 4 to 5Apr 24, 2023 to Mar 15, 2024
- Other offices · 0 to 2Apr 24, 2023 to Mar 15, 2024
- Discretionary RAUM · $627M to $39.0MApr 24, 2023 to Mar 15, 2024
- HNW RAUM · $36.9M to $39.0MApr 24, 2023 to Mar 15, 2024
- Non-discretionary RAUM · $13.5M to $0Apr 24, 2023 to Mar 15, 2024
- Pension RAUM · 604049510.0 to unsetApr 24, 2023 to Mar 15, 2024
- RAUM · $641M to $39.0MApr 24, 2023 to Mar 15, 2024
- Accounts · 225 to 199Mar 16, 2022 to Mar 16, 2023
- Pension plan clients · 131 to 111Mar 16, 2022 to Mar 16, 2023
- Assets in custody · $4.4M to $9.2MMar 16, 2022 to Mar 16, 2023
- Discretionary RAUM · $735M to $627MMar 16, 2022 to Mar 16, 2023
- HNW RAUM · $46.1M to $36.9MMar 16, 2022 to Mar 16, 2023
- Non-discretionary RAUM · $265M to $13.5MMar 16, 2022 to Mar 16, 2023
- Pension RAUM · $954M to $604MMar 16, 2022 to Mar 16, 2023
- RAUM · $1.0B to $641MMar 16, 2022 to Mar 16, 2023
- Accounts · 196 to 225Feb 1, 2021 to Mar 16, 2022
- HNW clients · 40 to 41Feb 1, 2021 to Mar 16, 2022
- Pension plan clients · 110 to 131Feb 1, 2021 to Mar 16, 2022
- Assets in custody · $43.0M to $4.4MFeb 1, 2021 to Mar 16, 2022
- Discretionary RAUM · $627M to $735MFeb 1, 2021 to Mar 16, 2022
- HNW RAUM · $31.0M to $46.1MFeb 1, 2021 to Mar 16, 2022
- Non-discretionary RAUM · $10.0M to $265MFeb 1, 2021 to Mar 16, 2022
- Pension RAUM · $606M to $954MFeb 1, 2021 to Mar 16, 2022
- RAUM · $637M to $1.0BFeb 1, 2021 to Mar 16, 2022
- Related adviser · false to trueFeb 1, 2021 to Mar 16, 2022
- Accounts · 203 to 196May 5, 2020 to Feb 1, 2021
- Pension plan clients · 120 to 110May 5, 2020 to Feb 1, 2021
Signals
8 dated events
- Alera Retirement Advisors, Llc no longer on the SEC adviser roster (last listed 2025-07-01, RAUM $45.7M)Aug 1, 2025 · Left the SEC roster · derived
- Michael John Merriman left Alera Retirement Advisors, Llc for Alera Investment Advisors, Llc (registered 2022-02-11)Jul 1, 2025 · Advisor changed firm · fact
- Mary Katherine O'Brian left Alera Retirement Advisors, Llc for Alera Investment Advisors, Llc (registered 2022-02-15)Jul 1, 2025 · Advisor changed firm · fact
- Brian Patrick Costello left Alera Retirement Advisors, Llc for Alera Investment Advisors, Llc (registered 2022-02-15)Jul 1, 2025 · Advisor changed firm · fact
- Alera Retirement Advisors, LLC's advisors moved to Alera Investment Advisors, LLC (Rochester, NY): 3 of 3 registered, on the same dayJul 1, 2025 · Firm absorbed (people side) · derived
- Alera Retirement Advisors, Llc reported RAUM $39.0M, down 94% from $640.9M (2023-04-24 to 2024-03-15)Mar 15, 2024 · RAUM change · derived
- Alera Retirement Advisors, Llc reported RAUM $640.9M, down 36% from $1.0B (2022-03-16 to 2023-03-16)Mar 16, 2023 · RAUM change · derived
- Alera Retirement Advisors, Llc reported RAUM $1.0B, up 57% from $637.0M (2021-02-01 to 2022-03-16)Mar 16, 2022 · 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.
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
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026