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

N•• S••••• I••••••••• L••

Former SEC-registered adviserManchester, MassachusettsCRD 285219SEC 801-121061websiteIAPD
Latest filing Mar 25, 2024
First filing on the tape Mar 31, 2021 · 8 filings
SEC status approved since Apr 30, 2021
RAUM
$122M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
6
$122M gross assets
History
8 filings and snapshots on the tape
RAUM$122M as of Mar 25, 2024
Mar 30, 2022$58.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2024
Mar 30, 20220 then
Employees (5.A)4 as of Mar 25, 2024
Mar 30, 20223 then
Private funds6 as of Mar 25, 2024
Mar 30, 20226 then
RAUM +5.4% over the last fiscal yearIARs 0 to 0offices 2 to 1
Practice profile
derived from the filing of Mar 25, 2024; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$20.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+5.4%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$122M, 6 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$122M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$122M for 6 clientsreported
Compensation
% of AUM, performancereported
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
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      N•• S••••• I••••• F••• I•• B• L•••Venture Capital Fund$29.9M64Mar 31, 2021
      N•• S••••• I••••• F••• I••••• L•Venture Capital Fund$29.4M84Mar 30, 2022
      P•••••• M••••• I••••• F••• I• L•••Venture Capital Fund$25.7M83Mar 18, 2016
      I••••• • I••••• F••• L••Other Private Fund$18.6M58Mar 26, 2014
      N•• S••••• I••••• F••• I•• A• L•••Venture Capital Fund$10.1M63Mar 31, 2021
      N•• S••••• I••••• F••• I••••• L•Venture Capital Fund$8.2M52Mar 30, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• F••••• F••••• · Managing Membercontrol
        since 10/2020 · owns 25% to 50%
      • L•••• A••••••••• J• · Chief Compliance Officer/Managing Membercontrol
        since 10/2020 · owns 25% to 50%
      • L•••• N••••••• L••••• · Managing Membercontrol
        since 10/2020 · owns 25% to 50%
      Related persons
      Schedule D 7.A
      • A••••• C••••••• L••
        investment advisernRAUM $642M
      • N•• S••••• I••••• F••• I• G•• L••
        pooled vehicle sponsorn
      • N•• S••••• I••••• F••• I•• G•• L••
        pooled vehicle sponsorn
      • P•••••• M••••• I••••• F••• I• G•• L••
        pooled vehicle sponsorn
      Advisers that list N•• S••••• I••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Durham, NC1 employees
      What changed
      consecutive filings, newest first
      • Assets in custody · $116M to $122M
        Aug 29, 2023 to Mar 25, 2024
      • Discretionary RAUM · $116M to $122M
        Aug 29, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $116M to $122M
        Aug 29, 2023 to Mar 25, 2024
      • RAUM · $116M to $122M
        Aug 29, 2023 to Mar 25, 2024
      • Assets in custody · $115M to $116M
        Mar 28, 2023 to Aug 29, 2023
      • Other offices · 2 to 1
        Mar 28, 2023 to Aug 29, 2023
      • Assets in custody · $58.0M to $115M
        Nov 3, 2022 to Mar 28, 2023
      • Employees · 3 to 4
        Nov 3, 2022 to Mar 28, 2023
      • Discretionary RAUM · $58.0M to $116M
        Nov 3, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $58.0M to $116M
        Nov 3, 2022 to Mar 28, 2023
      • RAUM · $58.0M to $116M
        Nov 3, 2022 to Mar 28, 2023
      • Accounts · 4 to 6
        Apr 14, 2021 to Mar 30, 2022
      • Advisory employees · 3 to 2
        Apr 14, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 4 to 6
        Apr 14, 2021 to Mar 30, 2022
      • Assets in custody · $59.1M to $58.0M
        Apr 14, 2021 to Mar 30, 2022
      • Private funds · 4 to 6
        Apr 14, 2021 to Mar 30, 2022
      • Discretionary RAUM · $59.1M to $58.0M
        Apr 14, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $59.1M to $58.0M
        Apr 14, 2021 to Mar 30, 2022
      • RAUM · $59.1M to $58.0M
        Apr 14, 2021 to Mar 30, 2022
      Signals
      3 dated events
      • N•• S••••• I••••••••• L•• no longer on the SEC adviser roster (last listed 2025-03-06, RAUM $121.9M)
        May 2, 2025 · Left the SEC roster · derived
      • David Adam Seitchik (Managing Partner) no longer on Schedule A of N•• S••••• I••••••••• L•• (listed 2023-03-28, absent 2023-08-29)
        Aug 29, 2023 · Control person left · inference
      • N•• S••••• I••••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 31, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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