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

A•••••• F••••

Asset manager (funds and pooled vehicles)Burlington, MassachusettsCRD 166087SEC 801-106734websiteIAPD
Legal name A•••••• F••••• L••
Latest filing Mar 26, 2026
First filing on the tape Sep 29, 2015 · 26 filings
SEC status approved since Oct 13, 2015
RAUM
$193M
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
9
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$193M as of Mar 26, 2026
Mar 24, 2016$702M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 24, 20160 then
Employees (5.A)9 as of Mar 26, 2026
Mar 24, 20167 then
Private funds2 as of Mar 26, 2026
Mar 24, 20163 then
RAUM -7.5% over the last fiscal year-19% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 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
$38.6MderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-7.5%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 businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$2.0M, 1 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$193M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$2.0M for 1 clientsreported
Compensation
% of AUM, performancereported
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      6 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• B••••• R••••• · Chief Compliance Officercontrol
        since 10/2024 · owns 25% to 50%
      • H••••••••• A•••••• W•••• · Managing Membercontrol
        since 06/2012 · owns 25% to 50%
      • G••••• J•••••••• B•••••••• · Member
        since 06/2012 · owns 10% to 25%
      • S••••••• A••••• G••••• P••••• · Member
        since 06/2012 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • C••••• C•••••• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Discretionary RAUM · $208M to $193M
        Mar 25, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $208M to $193M
        Mar 25, 2025 to Mar 26, 2026
      • RAUM · $208M to $193M
        Mar 25, 2025 to Mar 26, 2026
      • Advisory employees · 7 to 8
        Oct 7, 2024 to Mar 25, 2025
      • Assets in custody · $233M to $2.0M
        Oct 7, 2024 to Mar 25, 2025
      • Employees · 13 to 9
        Oct 7, 2024 to Mar 25, 2025
      • Financial planning clients · 0 to 0
        Oct 7, 2024 to Mar 25, 2025
      • Private funds · 5 to 2
        Oct 7, 2024 to Mar 25, 2025
      • Discretionary RAUM · $233M to $208M
        Oct 7, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $233M to $208M
        Oct 7, 2024 to Mar 25, 2025
      • RAUM · $233M to $208M
        Oct 7, 2024 to Mar 25, 2025
      • Assets in custody · $326M to $233M
        Jun 2, 2023 to Mar 29, 2024
      • Discretionary RAUM · $343M to $233M
        Jun 2, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $21.7M to $0
        Jun 2, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $364M to $233M
        Jun 2, 2023 to Mar 29, 2024
      • RAUM · $364M to $233M
        Jun 2, 2023 to Mar 29, 2024
      • Advisory employees · 10 to 7
        Oct 16, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 4 to 5
        Oct 16, 2022 to Mar 31, 2023
      • Employees · 14 to 13
        Oct 16, 2022 to Mar 31, 2023
      • Discretionary RAUM · $505M to $343M
        Oct 16, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $16.2M to $21.7M
        Oct 16, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $505M to $364M
        Oct 16, 2022 to Mar 31, 2023
      • RAUM · $521M to $364M
        Oct 16, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 3 to 4
        Mar 30, 2021 to Apr 1, 2022
      • Employees · 13 to 14
        Mar 30, 2021 to Apr 1, 2022
      • Private funds · 3 to 5
        Mar 30, 2021 to Apr 1, 2022
      • Discretionary RAUM · $338M to $505M
        Mar 30, 2021 to Apr 1, 2022
      • Non-discretionary RAUM · $166M to $16.2M
        Mar 30, 2021 to Apr 1, 2022
      • Pooled vehicle RAUM · $265M to $505M
        Mar 30, 2021 to Apr 1, 2022
      • RAUM · $505M to $521M
        Mar 30, 2021 to Apr 1, 2022
      • Advisory employees · 8 to 10
        Mar 31, 2020 to Mar 30, 2021
      • Employees · 9 to 13
        Mar 31, 2020 to Mar 30, 2021
      • Discretionary RAUM · $405M to $338M
        Mar 31, 2020 to Mar 30, 2021
      • Non-discretionary RAUM · $342M to $166M
        Mar 31, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $197M to $265M
        Mar 31, 2020 to Mar 30, 2021
      • RAUM · $748M to $505M
        Mar 31, 2020 to Mar 30, 2021
      • Employees · 10 to 9
        Apr 1, 2019 to Mar 31, 2020
      • Discretionary RAUM · $644M to $405M
        Apr 1, 2019 to Mar 31, 2020
      • Non-discretionary RAUM · $456M to $342M
        Apr 1, 2019 to Mar 31, 2020
      • Pooled vehicle RAUM · $141M to $197M
        Apr 1, 2019 to Mar 31, 2020
      Signals
      7 dated events
      • Fuller Andrew Stpierre (Chief Compliance Officer) no longer on Schedule A of A•••••• F•••• (listed 2024-03-29, absent 2024-10-07)
        Oct 7, 2024 · Control person left · inference
      • A•••••• F•••• reported RAUM $233.2M, down 36% from $364.5M (2023-06-02 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • A•••••• F•••• reported RAUM $364.5M, down 30% from $521.0M (2022-10-16 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • A•••••• F•••• reported RAUM $504.7M, down 33% from $747.8M (2020-03-31 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • A•••••• F•••• reported RAUM $747.8M, down 32% from $1.1B (2019-04-01 to 2020-03-31)
        Mar 31, 2020 · RAUM change · derived
      • A•••••• F•••• reported RAUM $1.1B, down 33% from $1.7B (2018-03-27 to 2019-04-01)
        Apr 1, 2019 · RAUM change · derived
      • A•••••• F•••• filed its initial SEC registration (Form ADV)
        Sep 29, 2015 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      A••••••FUNDS.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      781.418.1049reportedpublic record, Form ADV, Mar 26, 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