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

Newfound Research LLC

Asset manager (funds and pooled vehicles)St. Petersburg, FloridaCRD 159064SEC 801-73042websiteIAPD
Latest filing Jul 14, 2026
First filing on the tape Jan 10, 2012 · 34 filings
SEC status approved since Feb 10, 2012
RAUM
$1.1B
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
5
1 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$1.1B as of Jul 14, 2026
Mar 13, 2015$80.0M then
HNW client RAUM$0 as of Jul 14, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Jul 14, 2026
Mar 27, 20130 then
Employees (5.A)5 as of Jul 14, 2026
Mar 27, 20134 then
Private funds: no history
RAUM +33% over the last fiscal year+184% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 14, 2026; 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
$139MderivedRAUM 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
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
+33%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 assets, otherreportedItem 5.E
Advisory activities
portfolio management for investment companies, otherreportedItem 5.G
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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$1.1B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
Joined, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Michael Corey Hoffstein · Chief Executive Officer, Chief Investment Officer; Chief Technology Officercontrol
      since 08/2008 · owns less than 5%
    • Michael Corey Hoffstein · Membercontrol
      since 08/2010 · owns 75% or more of Newfound Holdings LLC
    • Francis Joseph Stowell III · Chief Compliance Officer
      since 12/2019 · owns less than 5%
    Entity owners
    • Newfound Holdings LLC · Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    • Thomas Rosedale
      investment companyy
    Advisers that list Newfound Research LLC as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 7 to 8
      Mar 26, 2025 to Feb 23, 2026
    • Advisory employees · 2 to 1
      Mar 26, 2025 to Feb 23, 2026
    • Employees · 6 to 5
      Mar 26, 2025 to Feb 23, 2026
    • Discretionary RAUM · $832M to $1.1B
      Mar 26, 2025 to Feb 23, 2026
    • RAUM · $832M to $1.1B
      Mar 26, 2025 to Feb 23, 2026
    • Accounts · 3 to 7
      Feb 10, 2025 to Mar 26, 2025
    • Financial planning clients · unset to
      Feb 10, 2025 to Mar 26, 2025
    • Discretionary RAUM · $122M to $832M
      Feb 10, 2025 to Mar 26, 2025
    • RAUM · $122M to $832M
      Feb 10, 2025 to Mar 26, 2025
    • HQ city · WELLESLEY HILLS to ST. PETERSBURG
      Sep 16, 2024 to Dec 9, 2024
    • HQ state · MA to FL
      Sep 16, 2024 to Dec 9, 2024
    • Accounts · 1 to 3
      Mar 24, 2023 to Mar 14, 2024
    • Advisory activities · 3 to 2
      Mar 24, 2023 to Mar 14, 2024
    • Discretionary RAUM · $48.5M to $122M
      Mar 24, 2023 to Mar 14, 2024
    • RAUM · $48.5M to $122M
      Mar 24, 2023 to Mar 14, 2024
    • BD registered reps · 1 to 0
      Mar 15, 2022 to Mar 24, 2023
    • Employees · 5 to 6
      Mar 15, 2022 to Mar 24, 2023
    • Other offices · 2 to 4
      Mar 15, 2022 to Mar 24, 2023
    • Discretionary RAUM · $89.0M to $48.5M
      Mar 15, 2022 to Mar 24, 2023
    • RAUM · $89.0M to $48.5M
      Mar 15, 2022 to Mar 24, 2023
    • Related bank · true to false
      Mar 15, 2022 to Mar 24, 2023
    • Discretionary RAUM · $41.4M to $89.0M
      Mar 22, 2021 to Mar 15, 2022
    • RAUM · $41.4M to $89.0M
      Mar 22, 2021 to Mar 15, 2022
    • Accounts · 9 to 1
      Mar 29, 2020 to Mar 22, 2021
    • Advisory employees · 3 to 2
      Mar 29, 2020 to Mar 22, 2021
    • Employees · 6 to 5
      Mar 29, 2020 to Mar 22, 2021
    • Other offices · 3 to 2
      Mar 29, 2020 to Mar 22, 2021
    • Discretionary RAUM · $115M to $41.4M
      Mar 29, 2020 to Mar 22, 2021
    • RAUM · $115M to $41.4M
      Mar 29, 2020 to Mar 22, 2021
    • Related bank · false to true
      Mar 29, 2020 to Mar 22, 2021
    • Accounts · 11 to 9
      Dec 24, 2019 to Mar 29, 2020
    • Advisory employees · 2 to 3
      Dec 24, 2019 to Mar 29, 2020
    • Advisory activities · 6 to 3
      Dec 24, 2019 to Mar 29, 2020
    • Other offices · 2 to 3
      Dec 24, 2019 to Mar 29, 2020
    • Discretionary RAUM · $144M to $115M
      Dec 24, 2019 to Mar 29, 2020
    • RAUM · $144M to $115M
      Dec 24, 2019 to Mar 29, 2020
    • HQ city · BOSTON to WELLESLEY HILLS
      Mar 20, 2019 to Oct 29, 2019
    • Accounts · 12 to 11
      Mar 29, 2018 to Mar 20, 2019
    • Advisory employees · 3 to 2
      Mar 29, 2018 to Mar 20, 2019
    • BD registered reps · 3 to 1
      Mar 29, 2018 to Mar 20, 2019
    Signals
    3 dated events
    • Newfound Research Llc reported RAUM $1.1B, up 33% from $831.8M (2025-03-26 to 2026-02-23)
      Feb 23, 2026 · RAUM change · derived
    • Newfound Research Llc reported RAUM $831.8M, up 581% from $122.1M (2025-02-10 to 2025-03-26)
      Mar 26, 2025 · RAUM change · derived
    • Brian Thomas Rosedale (Manager) no longer on Schedule A of Newfound Research Llc (listed 2024-09-16, absent 2024-12-09)
      Dec 9, 2024 · Control person left · inference
    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
    LINKEDIN.COM/COMPANY/465460reportedpublic record, Form ADV, Sep 18, 2026
    Website
    RETURNSTACKED.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    (617) 531-9773reportedpublic record, Form ADV, Jul 14, 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
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026