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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SEC-registered adviser
N•••••• • C••••••• L••
Latest filing Mar 19, 2026
First filing on the tape Mar 21, 2012 · 26 filings
SEC status approved since Feb 12, 2004
RAUM
$0
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
195
57 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$0 as of Mar 19, 2026
Mar 27, 2025$0 then
HNW client RAUM$0 as of Mar 19, 2026
Mar 29, 2018$0 then
State-registered IARs (5.B.3)4 as of Mar 19, 2026
Mar 21, 20120 then
Employees (5.A)195 as of Mar 19, 2026
Mar 28, 2013140 then
Private funds: no history
RAUM n/a over the last fiscal yearIARs 7 to 4
Practice profile
derived from the filing of Mar 19, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- RAUM per advisor
- $0derivedRAUM 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
- unknownderivedRAUM over accounts (5.F.2.f)
- Discretionary
- unknownderivedof RAUM
- Institutional
- unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 48.8derivedItem 5.A over advisors
- Advisors per office
- 0.8derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- -43%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- fixed fees, commissions, otherreportedItem 5.E
- Advisory activities
- 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
- is a broker-dealer (6.A.1)
- buys or sells securities as principal to or from clients (8.A.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 0reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- fixed, commissionsreported
- Class basis
- private_client_share=0.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=172.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| W•••••• J••••• D••••••• | Long Beach Township, Nj | Mar 20, 2021 | 32 y | 1 |
| J••• M••••• J••• | New York, Ny | Oct 13, 2022 | 32 y | 3 |
| D•••• M•••••• L••••• | Garden City, Ny | Feb 15, 2023 | 24 y | 2 |
| J••••••• R• W••••••• | New York, Ny | Feb 23, 2023 | 14 y | 2 |
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 headcount1 left over 36 months
Left, latest
- M••••••••• C•••••• to N••••••••• W••••• M••••••••• L••Apr 2, 2025 · Other
Joined, latest
- J••••••• R• W••••••• from J••• M••••• S••••••••• L••Feb 23, 2023 · Other
- D•••• M•••••• L••••• from O••••••••• • C•• I•••Feb 15, 2023 · Other
- J••• M••••• J••• from P••• A••••• S••••••••• L••Oct 13, 2022 · Other
- M••••••••• C•••••• from M••••• S••••••Sep 15, 2022 · Other
- W•••••• J••••• D••••••• from N••••• A•••• M••••••••• L••Mar 20, 2021 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A••••••••• J•••• M•••••• · Managing Director, Chief Administrative Officer & Acting Head Of Salescontrolsince 03/2012 · owns less than 5%
- F••••••••• R••••• J••••• · Managing Director, Chief Financial Officercontrolsince 02/2011 · owns less than 5%
- I•••••••• J••• J•••• · Managing Director, Ceo & Head Of Investment Bankingcontrolsince 01/2022 · owns 10% to 25%
- L•••••• D•••• M•••••• · Managing Director, Head Of Trading & Sales Tradingcontrolsince 12/2020 · owns less than 5%
- M••••• A••••• J••••• · Managing Director, Chairmancontrolsince 04/2008 · owns less than 5%
- M•••••• J••• P•••••• · Managing Director, Co-Director Of Researchcontrolsince 11/2018 · owns less than 5%
- M••••••• T••••• A•••••• · Managing Director, Co-Director Of Researchcontrolsince 02/2007 · owns less than 5%
- M••••••• S•••••••• A•••••• · Managing Director, Chief Compliance Officercontrolsince 03/2012 · owns less than 5%
- P••••• J••• J••••• J• · Managing Director, Ceo Of T•• N•••••• G••••• I•••controlsince 01/2022 · owns 10% to 25%
- N••••••• G••••• A••••• · Shareholdercontrolsince 12/2004 · owns F of The N•••••• Group, Inc
Entity owners
- N•••••• H•••••••• L•• · Memberdirect · owns 75% or more
- T•• N•••••• G••••• I••• · Memberindirect · owns 75% or more of N•••••• Holdings LLC
Related persons
Schedule D 7.A
- N•••••• I••••••••• M••••••••• L••investment adviserpooled vehicle sponsornRAUM $1.8B
Advisers that list N•••••• • C••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| New York, Ny · principal | 4 | 0 | 0 | ||
| Teaneck, Nj | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Boston, MA8 employees
- Minnetonka, MN7 employees
- San Francisco, CA5 employees
- Chicago, IL
- Miami, FL
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- advisor count dropChange between filings · filing Mar 19, 2026advisory representatives (Item 5.B.3) moved from 7.0 to 4.0 (-43.0%) between the annual amendments of 2025-03-27 and 2026-03-19; the peer median change was 0.0% (44 comparable advisers, 2.0th percentile of changes)peers: other advisers, under $100M (44) · 2.3% percentile
What changed
consecutive filings, newest first
- Advisory employees · 51 to 57Mar 27, 2025 to Mar 19, 2026
- BD registered reps · 166 to 172Mar 27, 2025 to Mar 19, 2026
- Pooled vehicle clients · 11 to 20Mar 27, 2025 to Mar 19, 2026
- Employees · 185 to 195Mar 27, 2025 to Mar 19, 2026
- State-registered IARs · 7 to 4Mar 27, 2025 to Mar 19, 2026
- Accounts · unset to 0.0Jun 24, 2024 to Mar 27, 2025
- Advisory employees · 45 to 51Jun 24, 2024 to Mar 27, 2025
- BD registered reps · 155 to 166Jun 24, 2024 to Mar 27, 2025
- Employees · 170 to 185Jun 24, 2024 to Mar 27, 2025
- Financial planning clients · 0 to 0Jun 24, 2024 to Mar 27, 2025
- Other offices · 5 to 4Jun 24, 2024 to Mar 27, 2025
- Discretionary RAUM · unset to 0.0Jun 24, 2024 to Mar 27, 2025
- Non-discretionary RAUM · unset to 0.0Jun 24, 2024 to Mar 27, 2025
- RAUM · unset to 0.0Jun 24, 2024 to Mar 27, 2025
- Corporate clients · 25 to 0Mar 28, 2024 to Jun 24, 2024
- Pooled vehicle clients · 1,200 to 11Mar 28, 2024 to Jun 24, 2024
- State-registered IARs · 8 to 7Mar 30, 2023 to Mar 28, 2024
- BD registered reps · 145 to 155Dec 22, 2022 to Mar 30, 2023
- State-registered IARs · 0 to 8Dec 22, 2022 to Mar 30, 2023
- Other offices · 3 to 5Dec 22, 2022 to Mar 30, 2023
- Advisory employees · 35 to 45Apr 26, 2021 to Mar 24, 2022
- BD registered reps · 132 to 145Apr 26, 2021 to Mar 24, 2022
- Corporate clients · unset to 25.0Apr 26, 2021 to Mar 24, 2022
- Pooled vehicle clients · 1,500 to 1,200Apr 26, 2021 to Mar 24, 2022
- Employees · 154 to 170Apr 26, 2021 to Mar 24, 2022
- BD registered reps · 135 to 132Jun 23, 2020 to Mar 29, 2021
- Pooled vehicle clients · 2,200 to 1,500Jun 23, 2020 to Mar 29, 2021
- Employees · 145 to 154Jun 23, 2020 to Mar 29, 2021
- BD registered reps · 128 to 135Mar 27, 2019 to Mar 13, 2020
- Pooled vehicle clients · 2,500 to 2,200Mar 27, 2019 to Mar 13, 2020
- Employees · 140 to 145Mar 27, 2019 to Mar 13, 2020
- Advisory employees · 33 to 35Mar 29, 2018 to Mar 27, 2019
- BD registered reps · 124 to 128Mar 29, 2018 to Mar 27, 2019
- Pooled vehicle clients · 3,125 to 2,500Mar 29, 2018 to Mar 27, 2019
- Employees · 137 to 140Mar 29, 2018 to Mar 27, 2019
- Advisory employees · 32 to 33Feb 7, 2018 to Mar 29, 2018
- BD registered reps · 127 to 124Feb 7, 2018 to Mar 29, 2018
- Charity clients · unset to 0.0Feb 7, 2018 to Mar 29, 2018
- HNW clients · unset to 0.0Feb 7, 2018 to Mar 29, 2018
- Individual clients · unset to 0.0Feb 7, 2018 to Mar 29, 2018
Signals
5 dated events
- M••••••••• C•••••• left N•••••• • C••••••• L•• for N••••••••• W••••• M••••••••• L•• (registered 2026-05-13)Apr 2, 2025 · Advisor changed firm · fact
- Grigorios Giannakopoulos (Managing Director, Head Of Sales & Sales Trading) no longer on Schedule A of N•••••• • C••••••• L•• (listed 2021-04-26, absent 2022-03-24)Mar 24, 2022 · Control person left · inference
- D•••• M•••••• L••••• (Managing Director, Head Of Trading) appeared on Schedule A of N•••••• • C••••••• L••Mar 29, 2021 · Control person joined · fact
- J••• Jr Lazo (Managing Director, Head Of Trading) no longer on Schedule A of N•••••• • C••••••• L•• (listed 2019-03-27, absent 2020-03-13)Mar 13, 2020 · Control person left · inference
- J••• Patrick Malloy (Managing Director, Co-Director Of Research) appeared on Schedule A of N•••••• • C••••••• L••Mar 13, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- N•••••• • C••••••• L•• · Venture Capitalshared crd · org
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/needham-&-companyreportedpublic record, Form ADV, Sep 19, 2026
- Website
- N••••••CO.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 212-371-8300reportedpublic record, Form ADV, Mar 19, 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
- No RAUM reportedderiveda 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