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SEC-registered adviser

E••• B••••• C•••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 167207SEC 801-78360websiteIAPD
Latest filing Feb 4, 2026
First filing on the tape Jul 15, 2013 · 21 filings
SEC status approved since Aug 5, 2013
RAUM
$442M
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
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$442M as of Feb 4, 2026
Mar 31, 2014$347M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Feb 4, 2026
Mar 31, 20140 then
Employees (5.A)5 as of Feb 4, 2026
Mar 31, 20145 then
Private funds2 as of Feb 4, 2026
Mar 31, 20141 then
RAUM -43% over the last fiscal year-23% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Feb 4, 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
$111MderivedRAUM 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
-43%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
$442M, 4 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)
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$442M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$442M for 4 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=true 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
      2 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A•••• S••••••• A•••• · Principalcontrol
        since 09/2011 · owns 10% to 25%
      • D•••••• V•••••• S•••• · Principalcontrol
        since 09/2011 · owns 75% or more
      • P•••••• C•••• J•• · Chief Compliance Officer & Chief Financial Officercontrol
        since 09/2015 · owns less than 5%
      • D•••••• V•••••• S•••• · Managing Membercontrol
        since 03/2015 · owns 75% or more of E••• B••••• C•••••• M••••••••• L••
      Entity owners
      • E••• B••••• C•••••• M••••••••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • E••• B••••• A••••••• P•••••• L••••••
        investment advisery
      • E••• B••••• C•••••• G•• L••
        bankpooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Feb 4, 2026
        RAUM (Item 5.F) moved from $781,395,487 to $442,334,238 (-43.0%) between the annual amendments of 2025-03-27 and 2026-02-04; the peer median change was +4.0% (1145 comparable advisers, 5.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,145) · 4.5% percentile
      What changed
      consecutive filings, newest first
      • Assets in custody · $451M to $442M
        Sep 30, 2025 to Feb 4, 2026
      • Discretionary RAUM · $451M to $442M
        Sep 30, 2025 to Feb 4, 2026
      • Pooled vehicle RAUM · $451M to $442M
        Sep 30, 2025 to Feb 4, 2026
      • RAUM · $451M to $442M
        Sep 30, 2025 to Feb 4, 2026
      • Accounts · 6 to 4
        Mar 27, 2025 to Sep 30, 2025
      • Advisory employees · 3 to 2
        Mar 27, 2025 to Sep 30, 2025
      • Pooled vehicle clients · 6 to 4
        Mar 27, 2025 to Sep 30, 2025
      • Assets in custody · $781M to $451M
        Mar 27, 2025 to Sep 30, 2025
      • Private funds · 3 to 2
        Mar 27, 2025 to Sep 30, 2025
      • Discretionary RAUM · $781M to $451M
        Mar 27, 2025 to Sep 30, 2025
      • Pooled vehicle RAUM · $781M to $451M
        Mar 27, 2025 to Sep 30, 2025
      • RAUM · $781M to $451M
        Mar 27, 2025 to Sep 30, 2025
      • Accounts · 5 to 6
        Mar 28, 2024 to Mar 27, 2025
      • Advisory employees · 2 to 3
        Mar 28, 2024 to Mar 27, 2025
      • Pooled vehicle clients · 5 to 6
        Mar 28, 2024 to Mar 27, 2025
      • Assets in custody · $1.1B to $781M
        Mar 28, 2024 to Mar 27, 2025
      • Employees · 4 to 5
        Mar 28, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 27, 2025
      • Private funds · 2 to 3
        Mar 28, 2024 to Mar 27, 2025
      • Discretionary RAUM · $1.1B to $781M
        Mar 28, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $1.1B to $781M
        Mar 28, 2024 to Mar 27, 2025
      • RAUM · $1.1B to $781M
        Mar 28, 2024 to Mar 27, 2025
      • Assets in custody · $981M to $1.1B
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $981M to $1.1B
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $981M to $1.1B
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $981M to $1.1B
        Mar 31, 2023 to Mar 28, 2024
      • Assets in custody · $1.9B to $981M
        Jun 21, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.9B to $981M
        Jun 21, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.9B to $981M
        Jun 21, 2022 to Mar 31, 2023
      • RAUM · $1.9B to $981M
        Jun 21, 2022 to Mar 31, 2023
      • Assets in custody · $1.9B to $1.9B
        Mar 29, 2021 to Mar 31, 2022
      • Discretionary RAUM · $1.9B to $1.9B
        Mar 29, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $1.9B to $1.9B
        Mar 29, 2021 to Mar 31, 2022
      • RAUM · $1.9B to $1.9B
        Mar 29, 2021 to Mar 31, 2022
      • Assets in custody · $1.7B to $1.9B
        Mar 26, 2020 to Mar 29, 2021
      • Discretionary RAUM · $1.7B to $1.9B
        Mar 26, 2020 to Mar 29, 2021
      • Pooled vehicle RAUM · $1.7B to $1.9B
        Mar 26, 2020 to Mar 29, 2021
      • RAUM · $1.7B to $1.9B
        Mar 26, 2020 to Mar 29, 2021
      • Assets in custody · $2.0B to $1.7B
        Mar 26, 2019 to Mar 26, 2020
      • Other offices · 1 to 0
        Mar 26, 2019 to Mar 26, 2020
      Signals
      6 dated events
      • ••• Locked
        Sep 30, 2025 · RAUM change · derived
      • ••• Locked
        Mar 27, 2025 · RAUM change · derived
      • ••• Locked
        Mar 31, 2023 · RAUM change · derived
      • ••• Locked
        Mar 28, 2018 · RAUM change · derived
      • ••• Locked
        Mar 31, 2015 · Succession (Item 4) · fact
      • ••• Locked
        Jul 15, 2013 · 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
      Website
      e•••••••••.comreportedpublic record, Form ADV, Feb 4, 2026
      Principal office phone
      617-449-5992reportedpublic record, Form ADV, Feb 4, 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