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.

Former SEC-registered adviser

Next Horizon Advisors LLC

Former SEC-registered adviserPrinceton, New JerseyCRD 169844SEC 801-118482IAPD
Latest filing Mar 24, 2022
First filing on the tape Mar 20, 2020 · 6 filings
RAUM
$202M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$193M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$202M as of Mar 24, 2022
Mar 26, 2021$139M then
HNW client RAUM$186M as of Mar 24, 2022
Mar 26, 2021$129M then
State-registered IARs (5.B.3)2 as of Mar 24, 2022
Mar 26, 20212 then
Employees (5.A)4 as of Mar 24, 2022
Mar 26, 20214 then
Private funds: no history
RAUM +46% over the last fiscal yearIARs 2 to 2
Practice profile
derived from the filing of Mar 24, 2022; every figure names its basis
RAUM per advisor
$101MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
35derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.6MderivedHNW RAUM over HNW clients
Average account
$691,099derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+46%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.7%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Wrap fee program
$41.3MreportedItem 5.I
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$186M92%
  • Individuals$7.4M3.6%
  • Investment companies$7.3M3.6%
  • Charitable organizations$1.8M0.9%
Individual clients
18reported
HNW clients
52reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
293reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • M Shrikant Nadkarni · Managing Director/Ccocontrol
      since 06/2014 · owns less than 5%
    Entity owners
    • Nadkarni Holdings LLC · Member
      direct · owns 75% or more
    • Peak Trust Company · Trustee
      indirect · owns F of The Nadkarni 2018 Non-Grantor Nevada Trust
    • The Nadkarni 2018 Non-Grantor Nevada Trust · Member
      indirect · owns 75% or more of Nadkarni Holdings LLC
    Related persons
    Schedule D 7.A
    • Manish C. Shah
      investment companyy
    • Shrikant M. Nadkarni
      insurancey
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 213 to 293
      Nov 29, 2021 to Mar 24, 2022
    • Advisory employees · 2 to 3
      Nov 29, 2021 to Mar 24, 2022
    • HNW clients · 60 to 52
      Nov 29, 2021 to Mar 24, 2022
    • Individual clients · 5 to 18
      Nov 29, 2021 to Mar 24, 2022
    • Discretionary RAUM · $139M to $202M
      Nov 29, 2021 to Mar 24, 2022
    • HNW RAUM · $129M to $186M
      Nov 29, 2021 to Mar 24, 2022
    • Individual RAUM · $3.1M to $7.4M
      Nov 29, 2021 to Mar 24, 2022
    • Non-discretionary RAUM · $349,094 to $0
      Nov 29, 2021 to Mar 24, 2022
    • RAUM · $139M to $202M
      Nov 29, 2021 to Mar 24, 2022
    • Accounts · 215 to 213
      Sep 30, 2020 to Mar 26, 2021
    • HNW clients · 45 to 60
      Sep 30, 2020 to Mar 26, 2021
    • Individual clients · 22 to 5
      Sep 30, 2020 to Mar 26, 2021
    • Discretionary RAUM · $101M to $139M
      Sep 30, 2020 to Mar 26, 2021
    • HNW RAUM · $94.0M to $129M
      Sep 30, 2020 to Mar 26, 2021
    • Individual RAUM · $6.3M to $3.1M
      Sep 30, 2020 to Mar 26, 2021
    • Non-discretionary RAUM · $300,627 to $349,094
      Sep 30, 2020 to Mar 26, 2021
    • RAUM · $102M to $139M
      Sep 30, 2020 to Mar 26, 2021
    Signals
    4 dated events
    • Manish C Shah left Next Horizon Advisors Llc for Fortis Capital Advisors, Llc (registered 2022-05-17)
      Mar 7, 2023 · Advisor changed firm · fact
    • Shrikant M Nadkarni left Next Horizon Advisors Llc for Fortis Capital Advisors, Llc (registered 2022-04-11)
      Mar 7, 2023 · Advisor changed firm · fact
    • 2 advisors left Next Horizon Advisors LLC (Princeton, NJ) for Fortis Capital Advisors, LLC on the same day
      Mar 7, 2023 · Team lift-out · derived
    • Next Horizon Advisors Llc filed its initial SEC registration (Form ADV)
      Mar 20, 2020 · 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.
    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