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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Former SEC-registered adviser

P••••••• P•••••• W•••••• L••

Former SEC-registered adviserBurlington, MassachusettsCRD 170315SEC 801-107018IAPD
Latest filing Apr 22, 2022
First filing on the tape Dec 1, 2015 · 19 filings
RAUM
$820M
reported, Item 5.F
Discretionary
63%
of RAUM
Private clients
100%
$820M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
17
13 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$820M as of Mar 18, 2022
Mar 25, 2016$140M then
HNW client RAUM$310M as of Mar 18, 2022
Jan 24, 2018$131M then
State-registered IARs (5.B.3)13 as of Mar 18, 2022
Mar 25, 20165 then
Employees (5.A)17 as of Mar 18, 2022
Mar 25, 20166 then
Private funds: no history
RAUM +8.0% over the last fiscal year+36% a year over threeIARs 14 to 13
Practice profile
derived from the filing of Apr 22, 2022; every figure names its basis
RAUM per advisor
$63.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
69derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$415,328derivedRAUM over accounts (5.F.2.f)
Discretionary
63%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
4.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+8.0%derivedbetween the last two annual amendments
Advisor growth, one year
-7.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
+11%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 consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$255MreportedItem 5.I
Custody
$51.6M, 49 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$510M62%
  • High-net-worth individuals$310M38%
Individual clients
773reported
HNW clients
125reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,975reported
Financial planning clients
1-10reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$51.6M for 49 clientsreported
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
  • C•••••• D•••••• J•• · Managing Partner / Chief Compliance Officercontrol
    since 06/2009 · owns 50% to 75%
  • D•••••• M••••• J••••• · Managing Partnercontrol
    since 06/2009 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
  • Andover, MA2 employees
  • Needham, MA1 employees
What changed
consecutive filings, newest first
  • Other offices · 1 to 2
    Mar 18, 2022 to Apr 22, 2022
  • Accounts · 1,878 to 1,975
    Dec 7, 2021 to Mar 18, 2022
  • Advisory employees · 14 to 13
    Dec 7, 2021 to Mar 18, 2022
  • BD registered reps · 10 to 9
    Dec 7, 2021 to Mar 18, 2022
  • HNW clients · 117 to 125
    Dec 7, 2021 to Mar 18, 2022
  • Individual clients · 694 to 773
    Dec 7, 2021 to Mar 18, 2022
  • Pension plan clients · 9.0 to unset
    Dec 7, 2021 to Mar 18, 2022
  • Assets in custody · unset to 51556553.0
    Dec 7, 2021 to Mar 18, 2022
  • Custody of client assets · false to true
    Dec 7, 2021 to Mar 18, 2022
  • Employees · 18 to 17
    Dec 7, 2021 to Mar 18, 2022
  • HQ city · ANDOVER to BURLINGTON
    Dec 7, 2021 to Mar 18, 2022
  • State-registered IARs · 14 to 13
    Dec 7, 2021 to Mar 18, 2022
  • Discretionary RAUM · $460M to $518M
    Dec 7, 2021 to Mar 18, 2022
  • HNW RAUM · $283M to $310M
    Dec 7, 2021 to Mar 18, 2022
  • Individual RAUM · $217M to $510M
    Dec 7, 2021 to Mar 18, 2022
  • Non-discretionary RAUM · $299M to $302M
    Dec 7, 2021 to Mar 18, 2022
  • Pension RAUM · 260248506.0 to unset
    Dec 7, 2021 to Mar 18, 2022
  • RAUM · $760M to $820M
    Dec 7, 2021 to Mar 18, 2022
  • HQ city · WOBURN to ANDOVER
    Mar 17, 2021 to Dec 7, 2021
  • Other offices · 2 to 1
    Mar 17, 2021 to Dec 7, 2021
  • Accounts · 1,382 to 1,878
    Sep 24, 2020 to Mar 17, 2021
  • Advisory employees · 12 to 14
    Sep 24, 2020 to Mar 17, 2021
  • BD registered reps · 9 to 10
    Sep 24, 2020 to Mar 17, 2021
  • HNW clients · 81 to 117
    Sep 24, 2020 to Mar 17, 2021
  • Individual clients · 736 to 694
    Sep 24, 2020 to Mar 17, 2021
  • Pension plan clients · 3 to 9
    Sep 24, 2020 to Mar 17, 2021
  • Employees · 14 to 18
    Sep 24, 2020 to Mar 17, 2021
  • State-registered IARs · 12 to 14
    Sep 24, 2020 to Mar 17, 2021
  • Discretionary RAUM · $430M to $460M
    Sep 24, 2020 to Mar 17, 2021
  • HNW RAUM · $179M to $283M
    Sep 24, 2020 to Mar 17, 2021
  • Individual RAUM · $251M to $217M
    Sep 24, 2020 to Mar 17, 2021
  • Non-discretionary RAUM · $31.0M to $299M
    Sep 24, 2020 to Mar 17, 2021
  • Pension RAUM · $31.0M to $260M
    Sep 24, 2020 to Mar 17, 2021
  • RAUM · $461M to $760M
    Sep 24, 2020 to Mar 17, 2021
  • Accounts · 1,145 to 1,382
    Nov 10, 2019 to Feb 12, 2020
  • BD registered reps · 10 to 9
    Nov 10, 2019 to Feb 12, 2020
  • HNW clients · 80 to 81
    Nov 10, 2019 to Feb 12, 2020
  • Individual clients · 597 to 736
    Nov 10, 2019 to Feb 12, 2020
  • Pension plan clients · unset to 3.0
    Nov 10, 2019 to Feb 12, 2020
  • Employees · 15 to 14
    Nov 10, 2019 to Feb 12, 2020
Signals
20 dated events
  • E••••• F• S•••••• left P••••••• P•••••• W•••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2022-09-22)
    Sep 22, 2022 · a•••••• firm change · fact
  • M•••••• E••••• C•••••• left P••••••• P•••••• W•••••• L•• for L•• F•••••••• L•• (registered 2016-05-25)
    Sep 22, 2022 · a•••••• firm change · fact
  • S••••• M•••••• K••••• left P••••••• P•••••• W•••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2022-09-19)
    Sep 22, 2022 · a•••••• firm change · fact
  • B•••• D••••• left P••••••• P•••••• W•••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2022-09-22)
    Sep 22, 2022 · a•••••• firm change · fact
  • D••••• J•• C••••• left P••••••• P•••••• W•••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2022-09-22)
    Sep 22, 2022 · a•••••• firm change · fact
  • J••••• S•••••••• left P••••••• P•••••• W•••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2022-09-27)
    Sep 22, 2022 · a•••••• firm change · fact
  • M•••• D••••• left P••••••• P•••••• W•••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2026-01-05)
    Sep 22, 2022 · a•••••• firm change · fact
  • A•••• M•••• M••••••••• left P••••••• P•••••• W•••••• L•• for W••••• E••••••••• A••••••• S•••••••• L•• (registered 2022-09-22)
    Sep 22, 2022 · a•••••• firm change · fact
  • P••••••• P•••••• W•••••• L••'s advisors moved to W••••• E••••••••• A••••••• S•••••••• L•• (Burlington, MA): 7 of 8 registered, on the same day
    Sep 22, 2022 · Firm absorbed (people side) · derived
  • D•••••• L• R•• left P••••••• P•••••• W•••••• L•• for U••• C•••••• W••••• A•••••••• L•• (registered 2022-08-31)
    Sep 12, 2022 · a•••••• firm change · fact
  • B•••••• W•••• S•••• left P••••••• P•••••• W•••••• L•• for T••••••• A•••••• N••••••• L•• (registered 2022-09-13)
    Sep 8, 2022 · a•••••• firm change · fact
  • 4 advisors left P••••••• P•••••• W•••••• L•• (Burlington, MA) for U••• C•••••• W••••• A•••••••• L•• within 4 days
    Sep 8, 2022 · Team lift-out · derived
  • H••• P•••••• M••••••• left P••••••• P•••••• W•••••• L•• for U••• C•••••• W••••• A•••••••• L•• (registered 2022-08-30)
    Sep 8, 2022 · a•••••• firm change · fact
  • M•••••• F•••••• O••••••• left P••••••• P•••••• W•••••• L•• for U••• C•••••• W••••• A•••••••• L•• (registered 2022-08-29)
    Sep 8, 2022 · a•••••• firm change · fact
  • D••••• J••••• S••••• left P••••••• P•••••• W•••••• L•• for U••• C•••••• W••••• A•••••••• L•• (registered 2022-10-31)
    Sep 8, 2022 · a•••••• firm change · fact
  • T••••• F•••••• A••••• left P••••••• P•••••• W•••••• L•• for E•••••••• A•••• M••••••••• L•• (registered 2022-06-28)
    Aug 11, 2022 · a•••••• firm change · fact
  • P••••••• P•••••• W•••••• L•• reported RAUM $759.6M, up 65% from $460.9M (2020-09-24 to 2021-03-17)
    Mar 17, 2021 · RAUM change · derived
  • P••••••• P•••••• W•••••• L•• reported RAUM $460.9M, up 41% from $327.0M (2019-11-10 to 2020-02-12)
    Feb 12, 2020 · RAUM change · derived
  • P••••••• P•••••• W•••••• L•• reported RAUM $302.0M, up 78% from $170.0M (2017-04-17 to 2018-01-24)
    Jan 24, 2018 · RAUM change · derived
  • P••••••• P•••••• W•••••• L•• filed its initial SEC registration (Form ADV)
    Dec 1, 2015 · 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