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
F•••••••• C••••••• L••
Latest filing Jan 20, 2026
First filing on the tape Dec 16, 2021 · 14 filings
SEC status approved since Jan 14, 2022
RAUM
$208M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
99%
$205M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$69.3M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$208M as of Jan 20, 2026
Feb 28, 2023$107M then
HNW client RAUM$173M as of Jan 20, 2026
Feb 28, 2023$77.3M then
State-registered IARs (5.B.3)3 as of Jan 20, 2026
Feb 28, 20233 then
Employees (5.A)3 as of Jan 20, 2026
Feb 28, 20233 then
Private funds: no history
RAUM +31% over the last fiscal year+25% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jan 20, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $69.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 59derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.1MderivedHNW RAUM over HNW clients
- Average account
- $389,154derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +31%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -11%derived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$173M84%
- Individuals$32.4M16%
- Individual clients
- 122reported
- HNW clients
- 55reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 534reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••••• N••••• W•••••••Certified Financial Planner | Nashua, Nh | Nov 15, 2012 | 32 y | 3 |
| D••••• L•••• M•••••• | Nashua, Nh | Oct 13, 2015 | 11 y | 0 |
| A•••••••• J• T••••••• | Nashua, Nh | Sep 21, 2020 | 16 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
none on the tape
Joined, latest
- J•••••• N••••• W••••••• from L•• F•••••••• L••Nov 15, 2012 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••••• D•••••• L•••• · Managing Membercontrolsince 06/2022 · owns 25% to 50%
- W•••••••• J••••••• N••••• · Managing Member, Chief Compliance Officercontrolsince 08/2012 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Nashua, Nh · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 510 to 534Mar 19, 2025 to Jan 20, 2026
- HNW clients · 44 to 55Mar 19, 2025 to Jan 20, 2026
- Individual clients · 154 to 122Mar 19, 2025 to Jan 20, 2026
- Discretionary RAUM · $157M to $205MMar 19, 2025 to Jan 20, 2026
- HNW RAUM · $120M to $173MMar 19, 2025 to Jan 20, 2026
- Individual RAUM · $36.7M to $32.4MMar 19, 2025 to Jan 20, 2026
- Non-discretionary RAUM · $2.3M to $2.9MMar 19, 2025 to Jan 20, 2026
- RAUM · $159M to $208MMar 19, 2025 to Jan 20, 2026
- Accounts · 445 to 510May 14, 2024 to Mar 19, 2025
- HNW clients · 34 to 44May 14, 2024 to Mar 19, 2025
- Individual clients · 148 to 154May 14, 2024 to Mar 19, 2025
- Assets in custody · 30540.0 to unsetMay 14, 2024 to Mar 19, 2025
- Custody of client assets · true to falseMay 14, 2024 to Mar 19, 2025
- Financial planning clients · 26-50 to 1-10May 14, 2024 to Mar 19, 2025
- Discretionary RAUM · $130M to $157MMay 14, 2024 to Mar 19, 2025
- HNW RAUM · $90.4M to $120MMay 14, 2024 to Mar 19, 2025
- Individual RAUM · $39.8M to $36.7MMay 14, 2024 to Mar 19, 2025
- Non-discretionary RAUM · $2.3M to $2.3MMay 14, 2024 to Mar 19, 2025
- RAUM · $132M to $159MMay 14, 2024 to Mar 19, 2025
- Business name · W••••••• W••••• M••••••••• L•• to F•••••••• C••••••• L••Jan 18, 2024 to Jan 19, 2024
- Legal name · W••••••• W••••• M••••••••• L•• to F•••••••• C••••••• L••Jan 18, 2024 to Jan 19, 2024
- Accounts · 428 to 445Jan 4, 2024 to Jan 18, 2024
- HNW clients · 41 to 34Jan 4, 2024 to Jan 18, 2024
- Individual clients · 133 to 148Jan 4, 2024 to Jan 18, 2024
- Assets in custody · $28,000 to $30,540Jan 4, 2024 to Jan 18, 2024
- Discretionary RAUM · $104M to $130MJan 4, 2024 to Jan 18, 2024
- HNW RAUM · $77.3M to $90.4MJan 4, 2024 to Jan 18, 2024
- Individual RAUM · $26.8M to $39.8MJan 4, 2024 to Jan 18, 2024
- Non-discretionary RAUM · $2.5M to $2.3MJan 4, 2024 to Jan 18, 2024
- RAUM · $107M to $132MJan 4, 2024 to Jan 18, 2024
- Discretionary RAUM · $104M to $104MFeb 28, 2023 to Mar 2, 2023
- Non-discretionary RAUM · $2.5M to $2.5MFeb 28, 2023 to Mar 2, 2023
- Accounts · 404 to 428Jul 25, 2022 to Feb 28, 2023
- Advisory activities · 2 to 3Jul 25, 2022 to Feb 28, 2023
- HNW clients · 26 to 41Jul 25, 2022 to Feb 28, 2023
- Individual clients · 129 to 133Jul 25, 2022 to Feb 28, 2023
- Assets in custody · unset to 28000.0Jul 25, 2022 to Feb 28, 2023
- Custody of client assets · false to trueJul 25, 2022 to Feb 28, 2023
- Discretionary RAUM · $102M to $104MJul 25, 2022 to Feb 28, 2023
- HNW RAUM · $69.1M to $77.3MJul 25, 2022 to Feb 28, 2023
Signals
2 dated events
- L•••• D••••• M•••••• (Managing Member) appeared on Schedule A of F•••••••• C••••••• L••Jul 25, 2022 · Control person joined · fact
- W••••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Dec 16, 2021 · 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
- Firm profile
- linkedin.com/company/fairscale-capitalreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H••••://WWW.F••••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 603-318-7337reportedpublic record, Form ADV, Jan 20, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $69.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026