DFX Intelligence

RIA Intelligence

The names on this page are hidden. Create a free account to reveal 5 records a month, or get RIA and Wealth Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

Former SEC-registered adviser

N•• E••••• C•••••• P••••••• L••

Former SEC-registered adviserHanover, New HampshireCRD 162238SEC 801-74525IAPD
Latest filing Mar 26, 2021
First filing on the tape Mar 6, 2012 · 12 filings
RAUM
$827M
reported, Item 5.F
Discretionary
99%
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
12
12 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
6
$670M gross assets
History
12 filings and snapshots on the tape
RAUM$827M as of Mar 26, 2021
Feb 20, 2013$100M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2021
Feb 20, 20130 then
Employees (5.A)12 as of Mar 26, 2021
Feb 20, 20135 then
Private funds6 as of Mar 26, 2021
Feb 20, 20131 then
RAUM -2.8% over the last fiscal year+16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 2021; 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
$103MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%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
-2.8%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$253M, 6 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$827M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$253M for 6 clientsreported
Compensation
% of AUM, performancereported
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
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• S•••• S••••••• · Chief Executive Officercontrol
        since 07/2010 · owns 50% to 75%
      • F••• P••••••• M•••••• · Managing Partnercontrol
        since 01/2017 · owns 10% to 25%
      • N•••••••• T•••••• W• · Chief Financial Officer And Director Of Investor Relationscontrol
        since 09/2016 · owns less than 5%
      • W••••••••• M• C••••• · Managing Partnercontrol
        since 07/2010 · owns less than 5%
      Entity owners
      • R•••• B••••• T•••••• O• T•• S•••• S• B•••• A•• M••• K• B•••• I••••••••• T•••• F•• C•••••••• A• B•••• D•••• D••••••• 6• 2••• · Member
        direct · owns 5% to 10%
      • R•••• B••••• T•••••• O• T•• S•••• S• B•••• A•• M••• K• B•••• I••••••••• T•••• F•• J•••• S• B•••• D•••• D••••••• 6• 2••• · Member
        direct · owns 5% to 10%
      • R•••• B••••• T•••••• O• T•• S•••• S• B•••• A•• M••• K• B•••• I••••••••• T•••• F•• J••••••• K• B•••• D•••• D••••••• 6• 2••• · Member
        direct · owns 5% to 10%
      • R•••• B••••• T•••••• O• T•• S•••• S• B•••• A•• M••• K• B•••• I••••••••• T•••• F•• K••••• K• B•••• D•••• D••••••• 6• 2••• · Member
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • M• C••••• W••••••••
        pooled vehicle sponsorn
      • N•• A•• G• P••••••• L••
        pooled vehicle sponsorn
      • N•••• G•• L••
        pooled vehicle sponsorn
      • N••••• I• G•• L••
        pooled vehicle sponsorn
      • N•• E••••• C•••••• P••••••• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Boston, MA1 employees
      • Golden, CO1 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 11 to 12
        Mar 25, 2020 to Mar 26, 2021
      • Assets in custody · $242M to $253M
        Mar 25, 2020 to Mar 26, 2021
      • Employees · 11 to 12
        Mar 25, 2020 to Mar 26, 2021
      • Discretionary RAUM · $846M to $822M
        Mar 25, 2020 to Mar 26, 2021
      • Non-discretionary RAUM · $4.7M to $4.2M
        Mar 25, 2020 to Mar 26, 2021
      • Pooled vehicle RAUM · $851M to $827M
        Mar 25, 2020 to Mar 26, 2021
      • RAUM · $851M to $827M
        Mar 25, 2020 to Mar 26, 2021
      • Advisory employees · 10 to 11
        Mar 27, 2019 to Mar 25, 2020
      • Assets in custody · $237M to $242M
        Mar 27, 2019 to Mar 25, 2020
      • Employees · 10 to 11
        Mar 27, 2019 to Mar 25, 2020
      • Discretionary RAUM · $943M to $846M
        Mar 27, 2019 to Mar 25, 2020
      • Non-discretionary RAUM · $8.1M to $4.7M
        Mar 27, 2019 to Mar 25, 2020
      • Pooled vehicle RAUM · $951M to $851M
        Mar 27, 2019 to Mar 25, 2020
      • RAUM · $951M to $851M
        Mar 27, 2019 to Mar 25, 2020
      • Accounts · 5 to 8
        Mar 20, 2018 to Mar 27, 2019
      • Advisory employees · 11 to 10
        Mar 20, 2018 to Mar 27, 2019
      • Pooled vehicle clients · 5 to 8
        Mar 20, 2018 to Mar 27, 2019
      • Assets in custody · $184M to $237M
        Mar 20, 2018 to Mar 27, 2019
      • Employees · 11 to 10
        Mar 20, 2018 to Mar 27, 2019
      • Private funds · 3 to 6
        Mar 20, 2018 to Mar 27, 2019
      • Discretionary RAUM · $499M to $943M
        Mar 20, 2018 to Mar 27, 2019
      • Non-discretionary RAUM · $28.4M to $8.1M
        Mar 20, 2018 to Mar 27, 2019
      • Pooled vehicle RAUM · $527M to $951M
        Mar 20, 2018 to Mar 27, 2019
      • RAUM · $527M to $951M
        Mar 20, 2018 to Mar 27, 2019
      • Advisory employees · 10 to 11
        Jun 8, 2017 to Mar 20, 2018
      • Pooled vehicle clients · unset to 5.0
        Jun 8, 2017 to Mar 20, 2018
      • Assets in custody · $131M to $184M
        Jun 8, 2017 to Mar 20, 2018
      • Employees · 10 to 11
        Jun 8, 2017 to Mar 20, 2018
      • Other offices · unset to 2.0
        Jun 8, 2017 to Mar 20, 2018
      • Discretionary RAUM · $428M to $499M
        Jun 8, 2017 to Mar 20, 2018
      • Non-discretionary RAUM · $65.3M to $28.4M
        Jun 8, 2017 to Mar 20, 2018
      • Pooled vehicle RAUM · unset to 527100000.0
        Jun 8, 2017 to Mar 20, 2018
      • RAUM · $494M to $527M
        Jun 8, 2017 to Mar 20, 2018
      • Accounts · 3 to 5
        Mar 29, 2016 to Mar 20, 2017
      • Advisory employees · 5 to 10
        Mar 29, 2016 to Mar 20, 2017
      • Assets in custody · $66.0M to $131M
        Mar 29, 2016 to Mar 20, 2017
      • Employees · 5 to 10
        Mar 29, 2016 to Mar 20, 2017
      • Private funds · 1 to 3
        Mar 29, 2016 to Mar 20, 2017
      • Discretionary RAUM · $166M to $428M
        Mar 29, 2016 to Mar 20, 2017
      • Non-discretionary RAUM · $65.0M to $65.3M
        Mar 29, 2016 to Mar 20, 2017
      Signals
      2 dated events
      • N•• E••••• C•••••• P••••••• L•• reported RAUM $951.3M, up 80% from $527.1M (2018-03-20 to 2019-03-27)
        Mar 27, 2019 · RAUM change · derived
      • Lee Adam Bernstein (Managing Partner) no longer on Schedule A of N•• E••••• C•••••• P••••••• L•• (listed 2018-03-20, absent 2019-03-27)
        Mar 27, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      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