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
F••••• C••••••• L••
Latest filing Mar 24, 2022
First filing on the tape Apr 20, 2012 · 45 filings
RAUM
$756M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$747M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
$1.6M gross assets
History
45 filings and snapshots on the tape
RAUM$756M as of Mar 24, 2022
Mar 25, 2013$175M then
HNW client RAUM$570M as of Mar 24, 2022
Mar 30, 2018$535M then
State-registered IARs (5.B.3)6 as of Mar 24, 2022
Mar 25, 20131 then
Employees (5.A)8 as of Mar 24, 2022
Mar 25, 20135 then
Private funds1 as of Mar 24, 2022
Mar 25, 20191 then
RAUM +11% over the last fiscal year+9.4% a year over threeIARs 5 to 6
Practice profile
derived from the filing of Mar 24, 2022; every figure names its basis
- RAUM per advisor
- $126MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 29derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.5MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +11%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Wrap fee program
- $756MreportedItem 5.I
- Custody
- $162M, 180 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$570M75%
- Individuals$177M23%
- Charitable organizations$8.8M1.2%
- Individual clients
- 73reported
- HNW clients
- 103reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 615reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $15.9M sponsored, $0 managedreported
- Custody of client assets
- $162M for 180 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- 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
- A••••• D•••• V••••••• to C••••••• P•••••••Jun 21, 2022 · RIA to RIA
- M•••••• K• E•••••••• to C••••••• P•••••••Jun 21, 2022 · RIA to RIA
- R•••••• A•• P•••••• to C••••••• P•••••••Jun 21, 2022 · RIA to RIA
- E••• G•••••• to C••••••• P•••••••Jun 21, 2022 · RIA to RIA
- T••• C•••• S•••••••• to D•••• A•• C•••••• I••Oct 7, 2019 · RIA to RIA
- R••••• E••••• W••••• to L•••Aug 13, 2019 · RIA to RIA
- K•••• P•••••• H••••• to A•• W••••• M••••••••• L••Feb 11, 2019 · RIA to RIA
- D•••• L••• B••••• to G•••••• A••••••• G••••• L••Jan 23, 2019 · RIA to RIA
- P••• M• L••••••••• to C•••• A••••••• I•••Nov 9, 2017 · Other
- M•••••• J•••• D•••••• to B•• W••••• M•••••••••Jun 1, 2015 · Other
Joined, latest
- R•••••• A•• P•••••• from F••••••• P••••••• A•• W•••••••• A•••••••Sep 15, 2020 · Affiliated broker-dealer or bank to independent RIA
- T••• C•••• S•••••••• from S•••••• A•••••••• L••Oct 2, 2018 · RIA to RIA
- K•••• P•••••• H••••• from S•••••••• A••••••• L••Jun 13, 2018 · Affiliated broker-dealer or bank to independent RIA
- E••• G•••••• from S•••••••• A••••••• L••Nov 16, 2017 · Other
- R••••• E••••• W••••• from F•••• P••••••• W•••••• L••May 30, 2017 · Other
- D•••• L••• B••••• from B•• A•••• M••••••••• I•••Feb 29, 2016 · Other
- P••• M• L••••••••• from M••••• S••••••May 19, 2014 · Other
- A••••• D•••• V••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 19, 2014 · Other
- M•••••• K• E•••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••May 19, 2014 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for C••••••• P•••••••Jun 21, 2022 · Southborough, Ma · Firm absorbed
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| F• C••••••• O••••••••• L•• | Private Equity Fund | $1.6M | 7 | Oct 29, 2018 |
Owners and control persons
Schedule A and B, latest filing
- F•••••• D••••• M•••••• · Managing Membercontrolsince 10/2012 · owns 75% or more
- R••••••• M••••••• J•••• · Assistant General Counsel & Chief Compliance Officercontrolsince 07/2017 · owns less than 5%
Related persons
Schedule D 7.A
- F••••• D••••••••• G••••• L••pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 581 to 615Mar 24, 2021 to Mar 24, 2022
- Advisory employees · 5 to 6Mar 24, 2021 to Mar 24, 2022
- HNW clients · 86 to 103Mar 24, 2021 to Mar 24, 2022
- Assets in custody · $191M to $162MMar 24, 2021 to Mar 24, 2022
- Employees · 7 to 8Mar 24, 2021 to Mar 24, 2022
- HQ city · MARLBOROUGH to SOUTHBOROUGHMar 24, 2021 to Mar 24, 2022
- State-registered IARs · 5 to 6Mar 24, 2021 to Mar 24, 2022
- Discretionary RAUM · $680M to $756MMar 24, 2021 to Mar 24, 2022
- HNW RAUM · $641M to $570MMar 24, 2021 to Mar 24, 2022
- Individual RAUM · $28.6M to $177MMar 24, 2021 to Mar 24, 2022
- Non-discretionary RAUM · $1.0M to $0Mar 24, 2021 to Mar 24, 2022
- RAUM · $681M to $756MMar 24, 2021 to Mar 24, 2022
- Wrap assets (sponsor) · $14.1M to $15.9MMar 24, 2021 to Mar 24, 2022
- Accounts · 610 to 581Sep 30, 2020 to Mar 24, 2021
- Advisory employees · 4 to 5Sep 30, 2020 to Mar 24, 2021
- Advisory activities · 5 to 4Sep 30, 2020 to Mar 24, 2021
- Charity clients · 5.0 to unsetSep 30, 2020 to Mar 24, 2021
- HNW clients · 94 to 86Sep 30, 2020 to Mar 24, 2021
- Individual clients · 82 to 73Sep 30, 2020 to Mar 24, 2021
- Pooled vehicle clients · 1.0 to unsetSep 30, 2020 to Mar 24, 2021
- Assets in custody · $169M to $191MSep 30, 2020 to Mar 24, 2021
- Employees · 9 to 7Sep 30, 2020 to Mar 24, 2021
- State-registered IARs · 4 to 5Sep 30, 2020 to Mar 24, 2021
- Discretionary RAUM · $591M to $680MSep 30, 2020 to Mar 24, 2021
- HNW RAUM · $553M to $641MSep 30, 2020 to Mar 24, 2021
- Individual RAUM · $25.8M to $28.6MSep 30, 2020 to Mar 24, 2021
- Non-discretionary RAUM · $1.4M to $1.0MSep 30, 2020 to Mar 24, 2021
- Pooled vehicle RAUM · 1600000.0 to unsetSep 30, 2020 to Mar 24, 2021
- RAUM · $592M to $681MSep 30, 2020 to Mar 24, 2021
- Wrap assets (sponsor) · $605,760 to $14.1MSep 30, 2020 to Mar 24, 2021
- Accounts · 697 to 610Nov 7, 2019 to Mar 25, 2020
- Advisory employees · 6 to 4Nov 7, 2019 to Mar 25, 2020
- Advisory activities · 4 to 5Nov 7, 2019 to Mar 25, 2020
- Charity clients · unset to 5.0Nov 7, 2019 to Mar 25, 2020
- HNW clients · 105 to 94Nov 7, 2019 to Mar 25, 2020
- Individual clients · 91 to 82Nov 7, 2019 to Mar 25, 2020
- Pooled vehicle clients · unset to 1.0Nov 7, 2019 to Mar 25, 2020
- Assets in custody · $320M to $169MNov 7, 2019 to Mar 25, 2020
- Employees · 12 to 9Nov 7, 2019 to Mar 25, 2020
- State-registered IARs · 6 to 4Nov 7, 2019 to Mar 25, 2020
Signals
5 dated events
- A••••• D•••• V••••••• left F••••• C••••••• L•• for C••••••• P••••••• (registered 2022-06-02)Jun 21, 2022 · Advisor changed firm · fact
- E••• G•••••• left F••••• C••••••• L•• for C••••••• P••••••• (registered 2022-07-06)Jun 21, 2022 · Advisor changed firm · fact
- M•••••• K• E•••••••• left F••••• C••••••• L•• for C••••••• P••••••• (registered 2022-06-02)Jun 21, 2022 · Advisor changed firm · fact
- R•••••• A•• P•••••• left F••••• C••••••• L•• for C••••••• P••••••• (registered 2022-06-01)Jun 21, 2022 · Advisor changed firm · fact
- F••••• C••••••• L••'s advisors moved to C••••••• P••••••• (Southborough, MA): 4 of 4 registered, on the same dayJun 21, 2022 · Firm absorbed (people side) · derived
Across DFX
shared identifiers only, never a name match
- F••••• C••••••• L•• · Private Equityshared crd · organization
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