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
T••••• P••••• W••••• M•••••••••
Wealth manager with institutional or fund businessConcord, MassachusettsCRD 171107SEC 801-108967websiteIAPD
Legal name T••••• P••••• W••••• M••••••••• L••
Latest filing Aug 26, 2026
First filing on the tape Jan 10, 2017 · 76 filings
SEC status approved since Jan 23, 2017
RAUM
$2.2B
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
29%
$654M individuals and HNW
Advisors
20
registered through the firm on IAPD
RAUM per advisor
$112M
derived; firm RAUM over IAPD count
Employees
25
13 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
76 filings and snapshots on the tape
RAUM$2.2B as of Aug 26, 2026
Feb 16, 2017$115M then
HNW client RAUM$338M as of Aug 26, 2026
Mar 14, 2018$54.3M then
State-registered IARs (5.B.3)19 as of Aug 26, 2026
Feb 16, 20175 then
Employees (5.A)25 as of Aug 26, 2026
Feb 16, 201710 then
Private funds: no history
RAUM +32% over the last fiscal year+39% a year over threeIARs 13 to 19
Practice profile
derived from the filing of Aug 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $112MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 30derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.1MderivedHNW RAUM over HNW clients
- Average account
- $1.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 70%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 10.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +32%derivedbetween the last two annual amendments
- Advisor growth, one year
- +46%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +12%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 advisers, publications, educational seminarsreportedItem 5.G
- Wrap fee program
- $696MreportedItem 5.I
- Custody
- $266M, 471 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$1.6B70%
- High-net-worth individuals$338M15%
- Individuals$316M14%
- Corporations and businesses$16.9M0.8%
- Charitable organizations$6.2M0.3%
- Individual clients
- 511reported
- HNW clients
- 83reported
- Pension plan clients
- 202reported
- Charitable clients
- 9reported
- Accounts
- 1,928reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $266M for 471 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.29 fund_share=0.0 institutional_share=0.7 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
20 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| E•••••• N•• F••••••••• | Concord, Ma | May 5, 2014 | 12 y | 1 |
| F•••••••• E••••• F••••••• | Concord, Ma | Jul 15, 2014 | 15 y | 1 |
| D•••• M•••••• C•••••• | Concord, Ma | Jul 21, 2014 | 28 y | 1 |
| C••••••••• A••• C•••••Certified Financial Planner | Concord, Ma | Jan 20, 2016 | 24 y | 2 |
| G•••••• A••• P••••••• | Concord, Ma | May 18, 2017 | 14 y | 0 |
| D•••••• N•••• C•••••••• | Concord, Ma | Jun 2, 2020 | 36 y | 1 |
| A••••• M••••• | Concord, Ma | Oct 25, 2021 | 12 y | 1 |
| J•••••• S••••• K••• | Concord, Ma | Dec 7, 2021 | 21 y | 2 |
| T••••• B••••••••• H••••••• | Concord, Ma | Sep 27, 2023 | 15 y | 0 |
| I••• T••••Certified Financial Planner | Concord, Ma | Aug 6, 2024 | 12 y | 0 |
| J••• D•••••• F••••• | Concord, Ma | Nov 13, 2024 | 14 y | 1 |
| B•••••• B••••• M••••••Certified Financial Planner | Concord, Ma | Nov 29, 2024 | 10 y | 0 |
| N••• J••••• T••••••• | Concord, Ma | Dec 24, 2024 | 16 y | 3 |
| W•••••• G••••• K••••••• | Concord, Ma | Mar 27, 2025 | 13 y | 1 |
| J••••• P••• M•••••• | Concord, Ma | May 22, 2025 | 16 y | 3 |
| S•••••• J••• B••••Chartered Financial Analyst | Concord, Ma | Jul 3, 2025 | 41 y | 2 |
| R••••• P••••• N••••• | Boston, Ma | Jul 28, 2025 | 12 y | 2 |
| C•••••• B••••• M•••••• | Concord, Ma | Oct 22, 2025 | 10 y | 0 |
| J••••• M•••••• B••••••• | Concord, Ma | Nov 13, 2025 | 12 y | 0 |
| V••••• K•••••• | Concord, Ma | May 19, 2026 | 11 y | 0 |
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 headcount1 left over 36 months
Left, latest
- J••• D•••• G••••• to R•• W••••• B•••••••• I•••Dec 14, 2023 · RIA to RIA
Joined, latest
- R••••• P••••• N••••• from V•••• W•• A•••••••Jul 28, 2025 · Other
- S•••••• J••• B•••• from M••••••• W••••• P•••••• C••••• G••••• L••Jul 3, 2025 · RIA to RIA
- J••••• P••• M•••••• from C••••• A••••••• L••May 22, 2025 · Affiliated broker-dealer or bank to independent RIA
- W•••••• G••••• K••••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Mar 27, 2025 · Wirehouse to independent RIA
- N••• J••••• T••••••• from O•••••••••Dec 24, 2024 · Other
- J••• D•••••• F••••• from M••••• S••••••Nov 13, 2024 · Wirehouse to independent RIA
- J••• D•••• G••••• from A•••• S••••••• A•••••••• L••Jun 2, 2023 · RIA to RIA
- J•••••• S••••• K••• from C••••••• S••••••••• I•••Dec 7, 2021 · Affiliated broker-dealer or bank to independent RIA
- A••••• M••••• from P••• A••••• S••••••••• L••Oct 25, 2021 · Affiliated broker-dealer or bank to independent RIA
- D•••••• N•••• C•••••••• from N•••• A••••••• M••••••••• C•••Jun 2, 2020 · RIA to RIA
- C••••••••• A••• C••••• from S••••••• K••••• L••Jan 20, 2016 · Other
- D•••• M•••••• C•••••• from M••••• S••••••Jul 21, 2014 · Other
- F•••••••• E••••• F••••••• from M••••• S••••••Jul 15, 2014 · Other
- E•••••• N•• F••••••••• from M••••• S••••••May 5, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• S••••••• J••• · Chief Investment Officercontrolsince 08/2021 · owns less than 5%
- C••••••• D••••• M•••••• · Ceo, Wealth Advisor, Chief Compliance Officercontrolsince 01/2015 · owns 25% to 50%
- F•••••••• F••••••••• E••••• · President And Wealthcontrolsince 01/2020 · owns 25% to 50%
- V•• W•••••• K•••••••• A•• · Chief Compliance Officercontrolsince 11/2015 · owns less than 5%
- F••••••••• E••••••• N•• · Ownersince 03/2014 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Concord, Ma · principal | 20 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Guntersville, AL
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Aug 26, 2026institutional share of RAUM of 70% against a peer median of 3% (1362 comparable advisers, 99.0th percentile, 16.8 robust deviations)peers: independent wealth managers, $1B to $5B (1,362) · 99% percentile
- control person changedChange between filings · filing Aug 26, 2026V•• W•••••• K•••••••• A•• (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2021-01-19 and 2026-08-26peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Aug 26, 2026B••••• S••••••• J••• (CHIEF INVESTMENT OFFICER) appeared on Schedule A between the filings of 2021-01-19 and 2026-08-26peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
- Accounts · 1,586 to 1,928Jan 7, 2026 to Mar 31, 2026
- Corporate clients · 11 to 12Jan 7, 2026 to Mar 31, 2026
- HNW clients · 77 to 83Jan 7, 2026 to Mar 31, 2026
- Individual clients · 452 to 511Jan 7, 2026 to Mar 31, 2026
- Pension plan clients · 12 to 202Jan 7, 2026 to Mar 31, 2026
- Assets in custody · $373M to $266MJan 7, 2026 to Mar 31, 2026
- Employees · 24 to 25Jan 7, 2026 to Mar 31, 2026
- State-registered IARs · 13 to 19Jan 7, 2026 to Mar 31, 2026
- Discretionary RAUM · $1.6B to $2.1BJan 7, 2026 to Mar 31, 2026
- HNW RAUM · $297M to $338MJan 7, 2026 to Mar 31, 2026
- Individual RAUM · $230M to $316MJan 7, 2026 to Mar 31, 2026
- Non-discretionary RAUM · $51.8M to $108MJan 7, 2026 to Mar 31, 2026
- Pension RAUM · $1.1B to $1.6BJan 7, 2026 to Mar 31, 2026
- RAUM · $1.7B to $2.2BJan 7, 2026 to Mar 31, 2026
- Related broker-dealer · false to trueJan 7, 2026 to Mar 31, 2026
- Financial planning clients · 251-500 to 251-500May 23, 2025 to Jun 3, 2025
- Accounts · 1,387 to 1,586Dec 26, 2024 to Mar 31, 2025
- Advisory employees · 10 to 13Dec 26, 2024 to Mar 31, 2025
- Charity clients · 8 to 9Dec 26, 2024 to Mar 31, 2025
- HNW clients · 75 to 77Dec 26, 2024 to Mar 31, 2025
- Individual clients · 395 to 452Dec 26, 2024 to Mar 31, 2025
- Pension plan clients · 149 to 12Dec 26, 2024 to Mar 31, 2025
- Assets in custody · unset to 372953235.0Dec 26, 2024 to Mar 31, 2025
- Custody of client assets · false to trueDec 26, 2024 to Mar 31, 2025
- Employees · 18 to 24Dec 26, 2024 to Mar 31, 2025
- State-registered IARs · 10 to 13Dec 26, 2024 to Mar 31, 2025
- Discretionary RAUM · $1.2B to $1.6BDec 26, 2024 to Mar 31, 2025
- HNW RAUM · $256M to $297MDec 26, 2024 to Mar 31, 2025
- Individual RAUM · $176M to $230MDec 26, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $20.7M to $51.8MDec 26, 2024 to Mar 31, 2025
- Pension RAUM · $757M to $1.1BDec 26, 2024 to Mar 31, 2025
- RAUM · $1.2B to $1.7BDec 26, 2024 to Mar 31, 2025
- Accounts · 1,140 to 1,387Jan 28, 2024 to Mar 26, 2024
- Corporate clients · 6 to 11Jan 28, 2024 to Mar 26, 2024
- HNW clients · 65 to 75Jan 28, 2024 to Mar 26, 2024
- Individual clients · 344 to 395Jan 28, 2024 to Mar 26, 2024
- Pension plan clients · 8 to 149Jan 28, 2024 to Mar 26, 2024
- Pooled vehicle clients · 107.0 to unsetJan 28, 2024 to Mar 26, 2024
- Discretionary RAUM · $362M to $1.2BJan 28, 2024 to Mar 26, 2024
- HNW RAUM · $215M to $256MJan 28, 2024 to Mar 26, 2024
Signals
9 dated events
- T••••• P••••• W••••• M••••••••• reported RAUM $2.2B, up 32% from $1.7B (2026-01-07 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- T••••• P••••• W••••• M••••••••• reported RAUM $1.7B, up 41% from $1.2B (2024-12-26 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- T••••• P••••• W••••• M••••••••• reported RAUM $1.2B, up 45% from $833.7M (2024-01-28 to 2024-03-26)Mar 26, 2024 · RAUM change · derived
- J••• D•••• G••••• left T••••• P••••• W••••• M••••••••• for R•• W••••• B•••••••• I••• (registered 2024-11-06)Dec 14, 2023 · Advisor changed firm · fact
- T••••• P••••• W••••• M••••••••• reported RAUM $630.1M, up 35% from $467.6M (2021-02-16 to 2021-03-15)Mar 15, 2021 · RAUM change · derived
- Matthew David Clayman (Ceo & Wealth Advisor) appeared on Schedule A of T••••• P••••• W••••• M•••••••••Jan 19, 2021 · Control person joined · fact
- Eileen Francesca Federico (President And Wealth Advisor;) appeared on Schedule A of T••••• P••••• W••••• M•••••••••Jan 19, 2021 · Control person joined · fact
- T••••• P••••• W••••• M••••••••• reported RAUM $467.6M, up 33% from $352.0M (2020-02-10 to 2020-03-19)Mar 19, 2020 · RAUM change · derived
- T••••• P••••• W••••• M••••••••• filed its initial SEC registration (Form ADV)Jan 10, 2017 · 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
- Firm profile
- LINKEDIN.COM/COMPANY/T•••••-P•••••-WEALTH-MANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
- Website
- twelvepoints.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 978-318-9500reportedpublic record, Form ADV, Aug 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $112Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026