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
Iqvestment, LLC
Latest filing Aug 4, 2026
First filing on the tape Apr 15, 2014 · 80 filings
SEC status approved since Apr 25, 2014
RAUM
$22.3M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
4.6%
$1.0M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$11.2M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
80 filings and snapshots on the tape
RAUM$22.3M as of Aug 4, 2026
Mar 31, 2015$1.1M then
HNW client RAUM$4,323 as of Mar 30, 2023
Mar 28, 2018$28,000 then
State-registered IARs (5.B.3)3 as of Aug 4, 2026
Mar 31, 20151 then
Employees (5.A)5 as of Aug 4, 2026
Mar 31, 20151 then
Private funds: no history
RAUM +106% over the last fiscal year-20% a year over threeIARs 1 to 3offices 0 to 1
Practice profile
derived from the filing of Aug 4, 2026; every figure names its basis
- RAUM per advisor
- $11.2MderivedRAUM 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
- $94,136derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +106%derivedbetween the last two annual amendments
- Advisor growth, one year
- +200%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Wrap fee program
- $22.3MreportedItem 5.I
- Ownership
- controlled by a public reporting companyderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- 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)
- controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Other investment advisers$20.9M94%
- Individuals$1.0M4.6%
- Banks and thrifts$366,6111.6%
- Individual clients
- 235reported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 237reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.05 fund_share=0.94 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 |
|---|---|---|---|---|
| Susan Lyn Burke | Charlotte, Nc | Jul 16, 2025 | 19 y | 0 |
| Ethan Teel Brown | Sherborn, Ma | Oct 8, 2025 | 14 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- David Jay Morton to Oliver InvestmentsOct 11, 2022 · Other
Joined, latest
- David Jay Morton from Edgartown Advisors LLCSep 13, 2012 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Teel Ethan Brown · Director Of Trading And Operationscontrolsince 04/2019 · owns less than 5%
- Richard James Cott · Chief Financial Officercontrolsince 11/2021 · owns less than 5%
- Carter Justin Dausch · Chief Compliance Officercontrolsince 11/2019 · owns less than 5%
- Armistead John Guthery · Chief Investment Officercontrolsince 07/2022 · owns less than 5%
Entity owners
- Iqvestment Holdings, LLC · Sole Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Charlotte, Nc | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Mar 5, 2026accounts (Item 5.F.2.f) moved from 682.0 to 237.0 (-65.0%) between the annual amendments of 2025-03-30 and 2026-03-05; the peer median change was -83.0% (2 comparable advisers, 100.0th percentile of changes)peers: asset managers, under $100M (2) · 100% percentile
What changed
consecutive filings, newest first
- Other offices · 2 to 1Mar 5, 2026 to Aug 4, 2026
- Related adviser · false to trueMar 5, 2026 to Aug 4, 2026
- Succession · false to trueMar 5, 2026 to Aug 4, 2026
- Accounts · 682 to 237Aug 29, 2025 to Mar 5, 2026
- Advisory employees · 2 to 3Aug 29, 2025 to Mar 5, 2026
- Individual clients · 334 to 235Aug 29, 2025 to Mar 5, 2026
- Employees · 7 to 5Aug 29, 2025 to Mar 5, 2026
- State-registered IARs · 2 to 3Aug 29, 2025 to Mar 5, 2026
- Other offices · 1 to 2Aug 29, 2025 to Mar 5, 2026
- Discretionary RAUM · $10.9M to $22.3MAug 29, 2025 to Mar 5, 2026
- Individual RAUM · $1.5M to $1.0MAug 29, 2025 to Mar 5, 2026
- RAUM · $10.9M to $22.3MAug 29, 2025 to Mar 5, 2026
- Financial planning clients · 0 to 0Mar 30, 2025 to Aug 29, 2025
- HQ city · WOBURN to Mar 30, 2025 to Aug 29, 2025
- HQ state · MA to Mar 30, 2025 to Aug 29, 2025
- State-registered IARs · 1 to 2Mar 30, 2025 to Aug 29, 2025
- Other offices · 0 to 1Mar 30, 2025 to Aug 29, 2025
- Accounts · 327 to 682Nov 12, 2024 to Mar 30, 2025
- Charity clients · 0.0 to unsetNov 12, 2024 to Mar 30, 2025
- Corporate clients · 0.0 to unsetNov 12, 2024 to Mar 30, 2025
- HNW clients · 0.0 to unsetNov 12, 2024 to Mar 30, 2025
- Individual clients · 0 to 334Nov 12, 2024 to Mar 30, 2025
- Pension plan clients · 0.0 to unsetNov 12, 2024 to Mar 30, 2025
- Pooled vehicle clients · 0.0 to unsetNov 12, 2024 to Mar 30, 2025
- Insurance-licensed employees · 1 to 0Nov 12, 2024 to Mar 30, 2025
- Discretionary RAUM · $2.1M to $10.9MNov 12, 2024 to Mar 30, 2025
- Individual RAUM · unset to 1532688.0Nov 12, 2024 to Mar 30, 2025
- RAUM · $2.1M to $10.9MNov 12, 2024 to Mar 30, 2025
- Related adviser · true to falseNov 12, 2024 to Mar 30, 2025
- Accounts · 695 to 327Dec 8, 2023 to Mar 29, 2024
- Employees · 9 to 7Dec 8, 2023 to Mar 29, 2024
- Discretionary RAUM · $11.7M to $2.1MDec 8, 2023 to Mar 29, 2024
- RAUM · $11.7M to $2.1MDec 8, 2023 to Mar 29, 2024
- Wrap assets (manager) · $11.7M to $0Dec 8, 2023 to Mar 29, 2024
- Accounts · 965 to 695Jul 14, 2023 to Dec 8, 2023
- HNW clients · 7 to 0Jul 14, 2023 to Dec 8, 2023
- Individual clients · 958 to 0Jul 14, 2023 to Dec 8, 2023
- Discretionary RAUM · $44.4M to $11.7MJul 14, 2023 to Dec 8, 2023
- HNW RAUM · 4323.0 to unsetJul 14, 2023 to Dec 8, 2023
- Individual RAUM · 44376434.0 to unsetJul 14, 2023 to Dec 8, 2023
Signals
25 dated events
- Iqvestment, Llc reported succeeding to the business of Marstone Llc (Form ADV Item 4)Aug 4, 2026 · Succession (Item 4) · fact
- Christopher Mark Healy (Chief Executive Officer) no longer on Schedule A of Iqvestment, Llc (listed 2024-03-29, absent 2024-11-08)Nov 8, 2024 · Control person left · inference
- David Jay Morton left Iqvestment, Llc for Oliver Investments (registered 2017-02-07)Oct 11, 2022 · Advisor changed firm · fact
- Armistead John Guthery (Chief Investment Officer) appeared on Schedule A of Iqvestment, LlcSep 7, 2022 · Control person joined · fact
- Richard James Cott (Chief Financial Officer) appeared on Schedule A of Iqvestment, LlcMar 30, 2022 · Control person joined · fact
- James Robert Bogart (Chief Executive Officer) no longer on Schedule A of Iqvestment, Llc (listed 2020-04-17, absent 2020-06-22)Jun 22, 2020 · Control person left · inference
- Jay David Morton (Principal) no longer on Schedule A of Iqvestment, Llc (listed 2020-04-17, absent 2020-06-22)Jun 22, 2020 · Control person left · inference
- Bruce Daniel Asher (Non-Managing Member) no longer on Schedule A of Iqvestment, Llc (listed 2020-04-17, absent 2020-06-22)Jun 22, 2020 · Control person left · inference
- Joseph James Pallotta (Chairman) no longer on Schedule A of Iqvestment, Llc (listed 2020-04-17, absent 2020-06-22)Jun 22, 2020 · Control person left · inference
- Leland Peter Getz (Principal) no longer on Schedule A of Iqvestment, Llc (listed 2020-04-17, absent 2020-06-22)Jun 22, 2020 · Control person left · inference
- Bruce Daniel Asher (Non-Managing Member) appeared on Schedule A of Iqvestment, LlcApr 17, 2020 · Control person joined · fact
- Joseph James Pallotta (Chairman) appeared on Schedule A of Iqvestment, LlcApr 17, 2020 · Control person joined · fact
- Leland Peter Getz (Principal) appeared on Schedule A of Iqvestment, LlcApr 17, 2020 · Control person joined · fact
- Patrick Kevin Lane (Principal) no longer on Schedule A of Iqvestment, Llc (listed 2020-03-27, absent 2020-04-17)Apr 17, 2020 · Control person left · inference
- James Michael Conte (Principal) no longer on Schedule A of Iqvestment, Llc (listed 2020-03-27, absent 2020-04-17)Apr 17, 2020 · Control person left · inference
- Hayward Ashton Soniat (Principal) no longer on Schedule A of Iqvestment, Llc (listed 2020-03-27, absent 2020-04-17)Apr 17, 2020 · Control person left · inference
- Christopher Mark Healy (Advisory Principal) appeared on Schedule A of Iqvestment, LlcMar 27, 2020 · Control person joined · fact
- James Michael Conte (Principal) appeared on Schedule A of Iqvestment, LlcDec 25, 2019 · Control person joined · fact
- Carter Justin Dausch (Chief Compliance Officer) appeared on Schedule A of Iqvestment, LlcDec 25, 2019 · Control person joined · fact
- Hayward Ashton Soniat (Principal) appeared on Schedule A of Iqvestment, LlcDec 25, 2019 · Control person joined · fact
- Leland Peter Getz (Principal) no longer on Schedule A of Iqvestment, Llc (listed 2019-09-20, absent 2019-12-25)Dec 25, 2019 · Control person left · inference
- Teel Ethan Brown (Director Of Trading And Operations) appeared on Schedule A of Iqvestment, LlcSep 20, 2019 · Control person joined · fact
- Leland Peter Getz (Principal) appeared on Schedule A of Iqvestment, LlcSep 20, 2019 · Control person joined · fact
- Bernard James Craver (Outside Chief Legal Officer And General Counsel) no longer on Schedule A of Iqvestment, Llc (listed 2018-05-01, absent 2019-01-02)Jan 2, 2019 · Control person left · inference
- Es Capital Advisors filed its initial SEC registration (Form ADV)Apr 15, 2014 · 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
- Website
- iqvestment.ioreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 877-486-4702reportedpublic record, Form ADV, Aug 4, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $11.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026