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
B•••••• P•••• W••••• A••••••• L••
Latest filing Aug 25, 2025
First filing on the tape Mar 1, 2017 · 21 filings
SEC status approved since Mar 17, 2017
RAUM
$27.7M
reported, Item 5.F
Discretionary
80%
of RAUM
Private clients
100%
$27.7M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
18
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$27.7M as of Aug 25, 2025
Mar 28, 2018$358M then
HNW client RAUM$11.0M as of Aug 25, 2025
Mar 28, 2018$334M then
State-registered IARs (5.B.3)0 as of Aug 25, 2025
Mar 28, 20180 then
Employees (5.A)18 as of Aug 25, 2025
Mar 28, 201818 then
Private funds: no history
RAUM -13% over the last fiscal year-6.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 25, 2025; 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
- $523,944derivedHNW RAUM over HNW clients
- Average account
- $294,463derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 80%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
- -13%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, publicationsreportedItem 5.G
- Wrap fee program
- $27.8MreportedItem 5.I
- Custody
- $14.0M, 24 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)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$16.7M60%
- High-net-worth individuals$11.0M40%
- Individual clients
- 9reported
- HNW clients
- 21reported
- Pension plan clients
- 0reported
- Charitable clients
- n/areported
- Accounts
- 94reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $14.0M for 24 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
- M•••••• H• W• to M•• C•••••• M••••••••• L••Jan 19, 2022 · RIA to RIA
- P•••••• F•••••• X••••• G•••••• to M•• C•••••• M••••••••• L••Jan 3, 2022 · RIA to RIA
- L••••••• C•••••• R•••••• to S•••••• W••••• P•••••••• L••Apr 8, 2021 · RIA to affiliated broker-dealer or bank
- L••• A•• C•••••• to J••• M••••• P•••••• W••••• A••••••• L••Jun 19, 2020 · RIA to affiliated broker-dealer or bank
Joined, latest
- L••• A•• C•••••• from F••••••• P••••••• A•• W•••••••• A•••••••Nov 7, 2018 · Affiliated broker-dealer or bank to independent RIA
- L••••••• C•••••• R•••••• from F••••••• P••••••• A•• W•••••••• A•••••••Nov 1, 2018 · Affiliated broker-dealer or bank to independent RIA
- M•••••• H• W• from C•••••• B••••• A•••••••Nov 1, 2018 · RIA to RIA
- P•••••• F•••••• X••••• G•••••• from E•••• F•••••••• S•••••••• I•••Apr 21, 2017 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from F••••••• P••••••• A•• W•••••••• A•••••••Aug 16, 2018 · Boston, Ma
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C•••••• K••••• P• · Ceocontrolsince 02/2017 · owns less than 5%
- M••••••••• P•••• D•••• · President And Coocontrolsince 01/2022 · owns less than 5%
- D••••••• J•••••• A•••••• · Ownercontrolsince 01/2017 · owns 75% or more of B•••••• P•••• L••
- L•••• M••••••• G••••• · Treasurersince 02/2017 · owns less than 5%
- L••••••• M••••• A• · Chief Compliance Officer And General Counselsince 02/2017 · owns less than 5%
Entity owners
- B•••••• P•••• L•• · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- W•••••••• S••••••••• I•••broker-dealern
- Z••••••••• A••••••••• L••investment adviserbankpooled vehicle sponsornRAUM $1.6B
- Z••••••••• A••••••••• I•••investment adviserbankpooled vehicle sponsorn
- Z••••••••• I••••••••• M•••••••• I•••investment adviserbankpooled vehicle sponsorn
Advisers that list B•••••• P•••• W••••• A••••••• L•• as a related person
- 161385 n
Offices
Schedule D 1.F, the 25 largest
- Westport, CT1 employees
What changed
consecutive filings, newest first
- Accounts · 91 to 94Mar 25, 2024 to Mar 27, 2025
- BD registered reps · 5 to 4Mar 25, 2024 to Mar 27, 2025
- HNW clients · 20 to 21Mar 25, 2024 to Mar 27, 2025
- Individual clients · 10 to 9Mar 25, 2024 to Mar 27, 2025
- Assets in custody · $12.3M to $14.0MMar 25, 2024 to Mar 27, 2025
- Employees · 14 to 18Mar 25, 2024 to Mar 27, 2025
- Financial planning clients · 26-50 to 26-50Mar 25, 2024 to Mar 27, 2025
- Discretionary RAUM · $18.7M to $22.1MMar 25, 2024 to Mar 27, 2025
- HNW RAUM · $8.7M to $11.0MMar 25, 2024 to Mar 27, 2025
- Individual RAUM · $23.1M to $16.7MMar 25, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $13.0M to $5.6MMar 25, 2024 to Mar 27, 2025
- RAUM · $31.8M to $27.7MMar 25, 2024 to Mar 27, 2025
- Accounts · 87 to 91Mar 21, 2023 to Mar 25, 2024
- HNW clients · 22 to 20Mar 21, 2023 to Mar 25, 2024
- Individual clients · 12 to 10Mar 21, 2023 to Mar 25, 2024
- Assets in custody · $11.3M to $12.3MMar 21, 2023 to Mar 25, 2024
- Financial planning clients · 51-100 to 26-50Mar 21, 2023 to Mar 25, 2024
- Discretionary RAUM · $22.7M to $18.7MMar 21, 2023 to Mar 25, 2024
- HNW RAUM · $20.6M to $8.7MMar 21, 2023 to Mar 25, 2024
- Individual RAUM · $8.2M to $23.1MMar 21, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $6.0M to $13.0MMar 21, 2023 to Mar 25, 2024
- RAUM · $28.8M to $31.8MMar 21, 2023 to Mar 25, 2024
- Accounts · 112 to 87Mar 29, 2022 to Mar 21, 2023
- HNW clients · 37 to 22Mar 29, 2022 to Mar 21, 2023
- Individual clients · 18 to 12Mar 29, 2022 to Mar 21, 2023
- Assets in custody · $15.6M to $11.3MMar 29, 2022 to Mar 21, 2023
- Financial planning clients · 251-500 to 51-100Mar 29, 2022 to Mar 21, 2023
- Discretionary RAUM · $10.4M to $22.7MMar 29, 2022 to Mar 21, 2023
- HNW RAUM · $20.1M to $20.6MMar 29, 2022 to Mar 21, 2023
- Individual RAUM · $11.2M to $8.2MMar 29, 2022 to Mar 21, 2023
- Non-discretionary RAUM · $23.0M to $6.0MMar 29, 2022 to Mar 21, 2023
- RAUM · $33.4M to $28.8MMar 29, 2022 to Mar 21, 2023
- Accounts · 920 to 112Jan 7, 2022 to Mar 29, 2022
- Advisory employees · 8 to 4Jan 7, 2022 to Mar 29, 2022
- BD registered reps · 6 to 5Jan 7, 2022 to Mar 29, 2022
- HNW clients · 162 to 37Jan 7, 2022 to Mar 29, 2022
- Individual clients · 116 to 18Jan 7, 2022 to Mar 29, 2022
- Assets in custody · $471M to $15.6MJan 7, 2022 to Mar 29, 2022
- Employees · 20 to 14Jan 7, 2022 to Mar 29, 2022
- Other offices · 2 to 1Jan 7, 2022 to Mar 29, 2022
Signals
7 dated events
- B•••••• P•••• W••••• A••••••• L•• no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $27.7M)Jan 2, 2026 · Left the SEC roster · derived
- B•••••• P•••• W••••• A••••••• L•• reported RAUM $33.4M, down 95% from $642.8M (2022-01-07 to 2022-03-29)Mar 29, 2022 · RAUM change · derived
- M•••••• H• W• left B•••••• P•••• W••••• A••••••• L•• for M•• C•••••• M••••••••• L•• (registered 2022-04-05)Jan 19, 2022 · Advisor changed firm · fact
- Francis Xavier Patrick Gingras (Co-President And Head Of Private Clients) no longer on Schedule A of B•••••• P•••• W••••• A••••••• L•• (listed 2021-03-25, absent 2022-01-07)Jan 7, 2022 · Control person left · inference
- P•••••• F•••••• X••••• G•••••• left B•••••• P•••• W••••• A••••••• L•• for M•• C•••••• M••••••••• L•• (registered 2022-01-12)Jan 3, 2022 · Advisor changed firm · fact
- B•••••• P•••• W••••• A••••••• L•• reported RAUM $550.0M, up 34% from $410.3M (2019-10-03 to 2020-03-24)Mar 24, 2020 · RAUM change · derived
- B•••••• P•••• W••••• A••••••• L•• filed its initial SEC registration (Form ADV)Mar 1, 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.
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