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

Q•••• I••••••••• L••

Other adviserBoston, MassachusettsCRD 285608SEC 801-111732websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Dec 14, 2016 · 24 filings
SEC status approved since Sep 26, 2017
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$613M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.2B as of Mar 31, 2026
May 1, 2017$1.2M then
HNW client RAUM$0 as of Mar 31, 2026
Feb 26, 2018$0 then
State-registered IARs (5.B.3)1 as of Mar 31, 2026
May 1, 20170 then
Employees (5.A)7 as of Mar 31, 2026
May 1, 20172 then
Private funds2 as of Mar 31, 2026
May 1, 20172 then
RAUM +15% over the last fiscal year+2.6% a year over threeIARs 2 to 1
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$613MderivedRAUM 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
$153MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
45%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+15%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$596M49%
  • State and municipal entities$442M36%
  • Pension and profit-sharing plans$110M8.9%
  • Pooled investment vehicles$79.8M6.5%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.55 institutional_share=0.45 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D••••• N•• K••••••••Chartered Financial AnalystBoston, MaJul 10, 201719 y0
H•••••••• R••••• H••Chartered Financial AnalystWest Palm Beach, Fl Jul 10, 201728 y0
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
      2 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • H••• H••••••••• R••••• · Managing Member / Co-Founder / Directorcontrol
        since 05/2016 · owns 50% to 75%
      • K••••••••• D•••••• N•• · Managing Member / Co-Founder / Directorcontrol
        since 05/2016 · owns 50% to 75%
      • S••••••••• A•••• S••••••• · Chief Compliance Officer
        since 08/2022 · owns less than 5%
      Related persons
      Schedule D 7.A
      • Q•••• L••
        pooled vehicle sponsory
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Boston, Ma · principal200
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • employee count dropChange between filings · filing Mar 31, 2026
        employees (Item 5.A) moved from 11.0 to 7.0 (-36.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (152 comparable advisers, 3.0th percentile of changes)
        peers: other advisers, $1B to $5B (152) · 3.3% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 9 to 8
        Jan 30, 2026 to Mar 31, 2026
      • Advisory employees · 7 to 4
        Jan 30, 2026 to Mar 31, 2026
      • Pooled vehicle clients · 4 to 2
        Jan 30, 2026 to Mar 31, 2026
      • Employees · 11 to 7
        Jan 30, 2026 to Mar 31, 2026
      • State-registered IARs · 2 to 1
        Jan 30, 2026 to Mar 31, 2026
      • Discretionary RAUM · $1.1B to $1.2B
        Jan 30, 2026 to Mar 31, 2026
      • Pension RAUM · $101M to $110M
        Jan 30, 2026 to Mar 31, 2026
      • Pooled vehicle RAUM · $60.4M to $79.8M
        Jan 30, 2026 to Mar 31, 2026
      • RAUM · $1.1B to $1.2B
        Jan 30, 2026 to Mar 31, 2026
      • Assets in custody · $1.4M to $0
        Mar 29, 2024 to Mar 31, 2025
      • Custody of client assets · true to false
        Mar 29, 2024 to Mar 31, 2025
      • Employees · 12 to 11
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $1.2B to $1.1B
        Mar 29, 2024 to Mar 31, 2025
      • Pension RAUM · $91.1M to $101M
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $389M to $60.4M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $1.2B to $1.1B
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 10 to 9
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 5 to 7
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 5 to 4
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $0 to $1.4M
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 9 to 12
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $1.1B to $1.2B
        Mar 31, 2023 to Mar 29, 2024
      • Pension RAUM · $88.4M to $91.1M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $463M to $389M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $1.1B to $1.2B
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 4 to 5
        Sep 16, 2022 to Mar 31, 2023
      • Pension plan clients · 0 to 1
        Sep 16, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 7 to 5
        Sep 16, 2022 to Mar 31, 2023
      • Assets in custody · $1.5M to $0
        Sep 16, 2022 to Mar 31, 2023
      • Discretionary RAUM · $1.2B to $1.1B
        Sep 16, 2022 to Mar 31, 2023
      • Pension RAUM · $0 to $88.4M
        Sep 16, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $685M to $463M
        Sep 16, 2022 to Mar 31, 2023
      • RAUM · $1.2B to $1.1B
        Sep 16, 2022 to Mar 31, 2023
      • Advisory employees · 5 to 4
        Apr 19, 2021 to Mar 29, 2022
      • Pooled vehicle clients · 5 to 7
        Apr 19, 2021 to Mar 29, 2022
      • Assets in custody · $2.1M to $1.5M
        Apr 19, 2021 to Mar 29, 2022
      • Discretionary RAUM · $1.1B to $1.2B
        Apr 19, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $572M to $685M
        Apr 19, 2021 to Mar 29, 2022
      • RAUM · $1.1B to $1.2B
        Apr 19, 2021 to Mar 29, 2022
      Signals
      6 dated events
      • Q•••• I••••••••• L•• reported RAUM $1.1B, up 113% from $523.3M (2020-06-18 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • Dianne Descoteaux (Chief Compliance Officer) appeared on Schedule A of Q•••• I••••••••• L••
        Jun 11, 2020 · Control person joined · fact
      • Daniel Raymond Calvano (Chief Compliance Officer) no longer on Schedule A of Q•••• I••••••••• L•• (listed 2020-03-30, absent 2020-06-11)
        Jun 11, 2020 · Control person left · inference
      • Q•••• I••••••••• L•• reported RAUM $523.3M, up 35% from $386.8M (2019-03-28 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Q•••• I••••••••• L•• reported RAUM $386.8M, up 202% from $128.2M (2018-10-17 to 2019-03-28)
        Mar 28, 2019 · RAUM change · derived
      • Q•••• I••••••••• L•• filed its initial SEC registration (Form ADV)
        Dec 14, 2016 · 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
      Website
      Q••••INVESTMENTS.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      617-514-7340reportedpublic record, Form ADV, Mar 31, 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
      Other adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $613Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026