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.
SEC-registered adviser
Mystic Asset Management
Legal name Mystic Asset Management, Inc.
Latest filing Mar 2, 2026
First filing on the tape Mar 17, 2014 · 20 filings
SEC status approved since Apr 7, 2014
RAUM
$615M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
68%
$420M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$307M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$615M as of Mar 2, 2026
Mar 19, 2015$209M then
HNW client RAUM$399M as of Mar 2, 2026
Mar 3, 2018$124M then
State-registered IARs (5.B.3)2 as of Mar 2, 2026
Mar 19, 20152 then
Employees (5.A)3 as of Mar 2, 2026
Mar 19, 20152 then
Private funds: no history
RAUM +16% over the last fiscal year+29% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 2, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- RAUM per advisor
- $307MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 66derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.9MderivedHNW RAUM over HNW clients
- Average account
- $1.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 7.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +14%derived
- Compensation
- percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, 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$399M65%
- Banks and thrifts$147M24%
- Charitable organizations$47.7M7.8%
- Individuals$21.0M3.4%
- Individual clients
- 63reported
- HNW clients
- 68reported
- Pension plan clients
- n/areported
- Charitable clients
- 13reported
- Accounts
- 371reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourly, commissionsreported
- Class basis
- private_client_share=0.68 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
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
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- William David Allaire · Vice President & Cfocontrolsince 09/2002 · owns 50% to 75%
- Mike Sotirios Pappas · President, Ceo & Ccocontrolsince 09/2002 · owns 50% to 75%
Related persons
Schedule D 7.A
- The Retirement Planning Company Of New England, Inc.investment advisernRAUM $394M
Advisers that list Mystic Asset Management as a related person
- 108705 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Warwick, Ri · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 329 to 371Oct 14, 2025 to Mar 2, 2026
- Charity clients · 12 to 13Oct 14, 2025 to Mar 2, 2026
- HNW clients · 62 to 68Oct 14, 2025 to Mar 2, 2026
- Individual clients · 53 to 63Oct 14, 2025 to Mar 2, 2026
- Discretionary RAUM · $514M to $604MOct 14, 2025 to Mar 2, 2026
- HNW RAUM · $335M to $399MOct 14, 2025 to Mar 2, 2026
- Individual RAUM · $18.0M to $21.0MOct 14, 2025 to Mar 2, 2026
- Non-discretionary RAUM · $14.9M to $10.9MOct 14, 2025 to Mar 2, 2026
- RAUM · $529M to $615MOct 14, 2025 to Mar 2, 2026
- Financial planning clients · 0 to 0May 7, 2025 to Oct 14, 2025
- Accounts · 153 to 329Mar 18, 2024 to Mar 27, 2025
- Charity clients · 10 to 12Mar 18, 2024 to Mar 27, 2025
- HNW clients · 27 to 62Mar 18, 2024 to Mar 27, 2025
- Individual clients · 22 to 53Mar 18, 2024 to Mar 27, 2025
- Other offices · 0 to 1Mar 18, 2024 to Mar 27, 2025
- Discretionary RAUM · $321M to $514MMar 18, 2024 to Mar 27, 2025
- HNW RAUM · $177M to $335MMar 18, 2024 to Mar 27, 2025
- Individual RAUM · $6.1M to $18.0MMar 18, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $12.4M to $14.9MMar 18, 2024 to Mar 27, 2025
- RAUM · $334M to $529MMar 18, 2024 to Mar 27, 2025
- Accounts · 56 to 153Mar 20, 2023 to Mar 18, 2024
- HNW clients · 24 to 27Mar 20, 2023 to Mar 18, 2024
- Individual clients · 21 to 22Mar 20, 2023 to Mar 18, 2024
- Discretionary RAUM · $271M to $321MMar 20, 2023 to Mar 18, 2024
- HNW RAUM · $153M to $177MMar 20, 2023 to Mar 18, 2024
- Individual RAUM · $5.8M to $6.1MMar 20, 2023 to Mar 18, 2024
- Non-discretionary RAUM · $17.1M to $12.4MMar 20, 2023 to Mar 18, 2024
- RAUM · $288M to $334MMar 20, 2023 to Mar 18, 2024
- Accounts · 134 to 56Mar 10, 2022 to Mar 20, 2023
- HNW clients · 23 to 24Mar 10, 2022 to Mar 20, 2023
- Individual clients · 15 to 21Mar 10, 2022 to Mar 20, 2023
- Discretionary RAUM · $298M to $271MMar 10, 2022 to Mar 20, 2023
- HNW RAUM · $180M to $153MMar 10, 2022 to Mar 20, 2023
- Individual RAUM · $5.6M to $5.8MMar 10, 2022 to Mar 20, 2023
- Non-discretionary RAUM · $8.9M to $17.1MMar 10, 2022 to Mar 20, 2023
- RAUM · $306M to $288MMar 10, 2022 to Mar 20, 2023
- Accounts · 122 to 134Mar 23, 2021 to Mar 10, 2022
- Charity clients · 14 to 10Mar 23, 2021 to Mar 10, 2022
- Individual clients · 17 to 15Mar 23, 2021 to Mar 10, 2022
- Discretionary RAUM · $262M to $298MMar 23, 2021 to Mar 10, 2022
Signals
2 dated events
- Mystic Asset Management reported RAUM $529.3M, up 59% from $333.7M (2024-03-18 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- Mystic Asset Management filed its initial SEC registration (Form ADV)Mar 17, 2014 · 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
- Business phone
- 401-421-1451reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 860-495-3300reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- MYSTICASSETMANAGEMENT.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 860-495-3300reportedpublic record, Form ADV, Mar 2, 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
- $307Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026