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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Former SEC-registered adviser

N••• L•••• C•••••• M••••••••• L••

Former SEC-registered adviserBoston, MassachusettsCRD 156746SEC 801-73382websiteIAPD
Latest filing Mar 20, 2025
First filing on the tape Feb 13, 2012 · 16 filings
SEC status approved since Mar 30, 2012
RAUM
$266M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$266M as of Mar 20, 2025
Mar 22, 2013$1.2B then
HNW client RAUM$0 as of Mar 20, 2025
Mar 22, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 20, 2025
Mar 22, 20130 then
Employees (5.A)4 as of Mar 20, 2025
Mar 22, 20135 then
Private funds2 as of Mar 20, 2025
Mar 22, 20133 then
RAUM -18% over the last fiscal year-18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 20, 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
unknownderivedHNW RAUM over HNW clients
Average account
$133MderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-18%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$240M, 2 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$266M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$240M for 2 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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• D••••• W•••••• · Managing Member And Chief Compliance Officercontrol
        since 01/2010 · owns less than 5%
      • M•••••••• B••••••• P••• · Managing Membercontrol
        since 03/2005 · owns 75% or more
      • P•••••• K••••• A••••• · Managing Membercontrol
        since 03/2005 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $291M to $240M
        Mar 20, 2024 to Mar 20, 2025
      • Financial planning clients · unset to
        Mar 20, 2024 to Mar 20, 2025
      • Discretionary RAUM · $325M to $266M
        Mar 20, 2024 to Mar 20, 2025
      • Pooled vehicle RAUM · $325M to $266M
        Mar 20, 2024 to Mar 20, 2025
      • RAUM · $325M to $266M
        Mar 20, 2024 to Mar 20, 2025
      • Assets in custody · $336M to $291M
        Mar 27, 2023 to Mar 20, 2024
      • Discretionary RAUM · $358M to $325M
        Mar 27, 2023 to Mar 20, 2024
      • Pooled vehicle RAUM · $358M to $325M
        Mar 27, 2023 to Mar 20, 2024
      • RAUM · $358M to $325M
        Mar 27, 2023 to Mar 20, 2024
      • Assets in custody · $445M to $336M
        Mar 21, 2022 to Mar 27, 2023
      • Discretionary RAUM · $480M to $358M
        Mar 21, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $480M to $358M
        Mar 21, 2022 to Mar 27, 2023
      • RAUM · $480M to $358M
        Mar 21, 2022 to Mar 27, 2023
      • Assets in custody · $511M to $445M
        Mar 18, 2021 to Mar 21, 2022
      • Discretionary RAUM · $593M to $480M
        Mar 18, 2021 to Mar 21, 2022
      • Pooled vehicle RAUM · $593M to $480M
        Mar 18, 2021 to Mar 21, 2022
      • RAUM · $593M to $480M
        Mar 18, 2021 to Mar 21, 2022
      • Assets in custody · $602M to $511M
        Mar 17, 2020 to Mar 18, 2021
      • Discretionary RAUM · $647M to $593M
        Mar 17, 2020 to Mar 18, 2021
      • Pooled vehicle RAUM · $647M to $593M
        Mar 17, 2020 to Mar 18, 2021
      • RAUM · $647M to $593M
        Mar 17, 2020 to Mar 18, 2021
      • Accounts · 3 to 2
        Mar 14, 2019 to Mar 17, 2020
      • Pooled vehicle clients · 3 to 2
        Mar 14, 2019 to Mar 17, 2020
      • Assets in custody · $597M to $602M
        Mar 14, 2019 to Mar 17, 2020
      • Private funds · 3 to 2
        Mar 14, 2019 to Mar 17, 2020
      • Discretionary RAUM · $666M to $647M
        Mar 14, 2019 to Mar 17, 2020
      • Pooled vehicle RAUM · $666M to $647M
        Mar 14, 2019 to Mar 17, 2020
      • RAUM · $666M to $647M
        Mar 14, 2019 to Mar 17, 2020
      • Advisory employees · 4 to 3
        Mar 22, 2018 to Mar 14, 2019
      • Assets in custody · $606M to $597M
        Mar 22, 2018 to Mar 14, 2019
      • Employees · 5 to 4
        Mar 22, 2018 to Mar 14, 2019
      • Discretionary RAUM · $886M to $666M
        Mar 22, 2018 to Mar 14, 2019
      • Pooled vehicle RAUM · $886M to $666M
        Mar 22, 2018 to Mar 14, 2019
      • RAUM · $886M to $666M
        Mar 22, 2018 to Mar 14, 2019
      • Charity clients · unset to 0.0
        Mar 28, 2017 to Mar 22, 2018
      • Corporate clients · unset to 0.0
        Mar 28, 2017 to Mar 22, 2018
      • HNW clients · unset to 0.0
        Mar 28, 2017 to Mar 22, 2018
      • Individual clients · unset to 0.0
        Mar 28, 2017 to Mar 22, 2018
      • Pension plan clients · unset to 0.0
        Mar 28, 2017 to Mar 22, 2018
      • Pooled vehicle clients · unset to 3.0
        Mar 28, 2017 to Mar 22, 2018
      Signals
      2 dated events
      • N••• L•••• C•••••• M••••••••• L•• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $265.9M)
        Apr 1, 2026 · Left the SEC roster · derived
      • N••• L•••• C•••••• M••••••••• L•• reported RAUM $357.9M, down 26% from $480.4M (2022-03-21 to 2023-03-27)
        Mar 27, 2023 · 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
      Website
      n••••••••.comreportedpublic record, Form ADV, Sep 18, 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
      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