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

E••••••• W••••• A•••••••• L••

Independent wealth managerWilliamsville, New YorkCRD 174845SEC 801-106909websiteIAPD
Latest filing Jan 27, 2026
First filing on the tape Nov 5, 2015 · 29 filings
SEC status approved since Nov 16, 2015
RAUM
$249M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$249M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$62.3M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$249M as of Jan 27, 2026
Mar 7, 2016$49.0M then
HNW client RAUM$145M as of Jan 27, 2026
Jan 11, 2018$19.0M then
State-registered IARs (5.B.3)3 as of Jan 27, 2026
Mar 7, 20161 then
Employees (5.A)3 as of Jan 27, 2026
Mar 7, 20161 then
Private funds: no history
RAUM +23% over the last fiscal year+20% a year over threeIARs 5 to 3
Practice profile
derived from the filing of Jan 27, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • 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
$62.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
93derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$258,645derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.8derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
-40%derivedItem 5.B.3 between annual amendments
Client growth, one year
-2.9%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$145M58%
  • Individuals$104M42%
Individual clients
296reported
HNW clients
74reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
963reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
N••••••• J••• E•••••••Certified Financial PlannerWilliamsville, Ny Apr 8, 202129 y1
C•••••• E•••• H••••Certified Financial PlannerWilliamsville, NyApr 8, 202128 y2
A••••• K•••••Williamsville, NyAug 16, 202120 y2
J••••• D••••• W•••••Williamsville, Ny Jul 31, 202316 y1
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
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • E•••••••• N•••••••• J••• · Chief Compliance Officercontrol
    since 02/2015 · owns less than 5%
  • E•••••••• N•••••••• J••• · Membercontrol
    since 01/2023 · owns 75% or more of N••••••• E••••••• I••
  • H••••• C••••••• E•••• · Membercontrol
    since 01/2023 · owns 75% or more of C•••••• H•••• A•••••••• L••
Entity owners
  • C•••••• H•••• A•••••••• L•• · Member
    direct · owns 50% to 75%
  • N••••••• E••••••• I•• · Member
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Advisers that list E••••••• W••••• A•••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Williamsville, Ny · principal400
Franklin, Tn200
Offices
Schedule D 1.F, the 25 largest
  • Woodland Hills, CA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • advisor count dropChange between filings · filing Jan 27, 2026
    advisory representatives (Item 5.B.3) moved from 5.0 to 3.0 (-40.0%) between the annual amendments of 2025-04-15 and 2026-01-27; the peer median change was 0.0% (965 comparable advisers, 3.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (965) · 2.6% percentile
What changed
consecutive filings, newest first
  • Accounts · 925 to 963
    Dec 16, 2025 to Jan 27, 2026
  • HNW clients · 73 to 74
    Dec 16, 2025 to Jan 27, 2026
  • Financial planning clients · 1-10 to 26-50
    Dec 16, 2025 to Jan 27, 2026
  • Discretionary RAUM · $241M to $249M
    Dec 16, 2025 to Jan 27, 2026
  • HNW RAUM · $150M to $145M
    Dec 16, 2025 to Jan 27, 2026
  • Individual RAUM · $90.8M to $104M
    Dec 16, 2025 to Jan 27, 2026
  • RAUM · $241M to $249M
    Dec 16, 2025 to Jan 27, 2026
  • Accounts · 901 to 925
    Jun 4, 2025 to Dec 16, 2025
  • Advisory employees · 4 to 3
    Jun 4, 2025 to Dec 16, 2025
  • BD registered reps · 2 to 0
    Jun 4, 2025 to Dec 16, 2025
  • HNW clients · 70 to 73
    Jun 4, 2025 to Dec 16, 2025
  • Individual clients · 311 to 296
    Jun 4, 2025 to Dec 16, 2025
  • Employees · 4 to 3
    Jun 4, 2025 to Dec 16, 2025
  • State-registered IARs · 4 to 3
    Jun 4, 2025 to Dec 16, 2025
  • Discretionary RAUM · $203M to $241M
    Jun 4, 2025 to Dec 16, 2025
  • HNW RAUM · $103M to $150M
    Jun 4, 2025 to Dec 16, 2025
  • Individual RAUM · $100M to $90.8M
    Jun 4, 2025 to Dec 16, 2025
  • RAUM · $203M to $241M
    Jun 4, 2025 to Dec 16, 2025
  • Advisory employees · 5 to 4
    Apr 15, 2025 to Jun 4, 2025
  • Employees · 5 to 4
    Apr 15, 2025 to Jun 4, 2025
  • Financial planning clients · 1-10 to 1-10
    Apr 15, 2025 to Jun 4, 2025
  • State-registered IARs · 5 to 4
    Apr 15, 2025 to Jun 4, 2025
  • Advisory employees · 6 to 5
    Jan 9, 2025 to Apr 15, 2025
  • BD registered reps · 3 to 2
    Jan 9, 2025 to Apr 15, 2025
  • Employees · 6 to 5
    Jan 9, 2025 to Apr 15, 2025
  • Insurance-licensed employees · 1 to 0
    Jan 9, 2025 to Apr 15, 2025
  • State-registered IARs · 6 to 5
    Jan 9, 2025 to Apr 15, 2025
  • Accounts · 888 to 901
    Jan 24, 2024 to Jan 9, 2025
  • HNW clients · 58 to 70
    Jan 24, 2024 to Jan 9, 2025
  • Individual clients · 277 to 311
    Jan 24, 2024 to Jan 9, 2025
  • Financial planning clients · 11-25 to 1-10
    Jan 24, 2024 to Jan 9, 2025
  • Discretionary RAUM · $171M to $203M
    Jan 24, 2024 to Jan 9, 2025
  • HNW RAUM · $78.7M to $103M
    Jan 24, 2024 to Jan 9, 2025
  • Individual RAUM · $92.2M to $100M
    Jan 24, 2024 to Jan 9, 2025
  • RAUM · $171M to $203M
    Jan 24, 2024 to Jan 9, 2025
  • Accounts · 824 to 888
    Jul 31, 2023 to Jan 24, 2024
  • HNW clients · 37 to 58
    Jul 31, 2023 to Jan 24, 2024
  • Individual clients · 291 to 277
    Jul 31, 2023 to Jan 24, 2024
  • Financial planning clients · 1-10 to 11-25
    Jul 31, 2023 to Jan 24, 2024
  • Discretionary RAUM · $143M to $171M
    Jul 31, 2023 to Jan 24, 2024
Signals
2 dated events
  • Carrie Ann Fahey no longer registered at E••••••• W••••• A•••••••• L••; no later IA registration on IAPD
    Apr 15, 2025 · Advisor departure · fact
  • C••••••••• F•••••••• P••••••• L•• filed its initial SEC registration (Form ADV)
    Nov 5, 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.
How to reach
public business contact points only, each with its source
Business phone
615-656-0656reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
716-828-8390reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
716-828-8395reportedpublished by the firm, firm site, Sep 16, 2026
Website
emergentwa.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
716-828-8390reportedpublic record, Form ADV, Jan 27, 2026
Contact form
emergentwa.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
Team page
emergentwa.com/partnersreportedpublished by the firm, firm site, Sep 16, 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
$62.3Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026