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

I•••••••• C•••••• M••••••••• L•

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 287617SEC 801-110459websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Apr 13, 2017 · 19 filings
SEC status approved since Apr 20, 2017
RAUM
$3.4B
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
17
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$3.4B as of Mar 31, 2026
Mar 29, 2018$38.2M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 29, 20180 then
Employees (5.A)17 as of Mar 31, 2026
Mar 29, 20183 then
Private funds2 as of Mar 31, 2026
Mar 29, 20181 then
RAUM +5.8% over the last fiscal year+11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; 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
$565MderivedRAUM 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
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+5.8%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 vehicles, portfolio management for investment companiesreportedItem 5.G
Custody
$545M, 3 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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
  • Investment companies$2.0B60%
  • Pooled investment vehicles$1.4B40%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$545M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=2.0derived
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
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      I•••••••• M••••• F••• L•Hedge Fund$237M55Dec 8, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••••• B•••••••• R••••• · Presidentcontrol
        since 07/2019 · owns less than 5%
      • H•••••• N•••••••• C••••••••• M•••••• · Chief Compliance Officercontrol
        since 12/2024 · owns less than 5%
      • M••••••• A••• N•• · Managing Partnercontrol
        since 12/2015 · owns 75% or more
      • G••••• D••••••• S•••• · Membercontrol
        since 07/2015 · owns 25% to 50% of P••••••• P•••••••• L••
      • G••••• L••••• S•••••• · Membercontrol
        since 07/2015 · owns 25% to 50% of P••••••• P•••••••• L••
      • M••••••• A••• N•• · Managing Membercontrol
        since 12/2015 · owns 75% or more of I•••••••• G• L••
      • R•••••••• C••••• G•••• · Membercontrol
        since 07/2015 · owns 25% to 50% of P••••••• P•••••••• L••
      • T••••• L•••• G•••• · Membercontrol
        since 07/2015 · owns 25% to 50% of P••••••• P•••••••• L••
      Entity owners
      • I•••••••• G• L•• · General Partner
        direct · owns less than 5%
      • P••••••• P•••••••• L•• · Limited Partner
        direct · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • I•••••••• P•••••• F••• G• L••
        bankpooled vehicle sponsorn
      Advisers that list I•••••••• C•••••• M••••••••• L• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • custody status changedChange between filings · filing Mar 31, 2026
        custody of client assets (Item 9.A): no on the filing of 2025-03-31, yes on the filing of 2026-03-31
        peers: asset managers, $1B to $5B (1,506)
      What changed
      consecutive filings, newest first
      • Accounts · 5 to 6
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 8 to 7
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 4 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · unset to 544864248.0
        Mar 31, 2025 to Mar 31, 2026
      • Custody of client assets · false to true
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 18 to 17
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 1 to 2
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $3.2B to $3.4B
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $1.1B to $1.4B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $3.2B to $3.4B
        Mar 31, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Dec 13, 2024 to Mar 31, 2025
      • Discretionary RAUM · $3.7B to $3.2B
        Dec 13, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $984M to $1.1B
        Dec 13, 2024 to Mar 31, 2025
      • RAUM · $3.7B to $3.2B
        Dec 13, 2024 to Mar 31, 2025
      • Advisory employees · 7 to 8
        Mar 22, 2024 to Dec 13, 2024
      • Employees · 17 to 18
        Mar 22, 2024 to Dec 13, 2024
      • Employees · 14 to 17
        Mar 28, 2023 to Mar 19, 2024
      • Discretionary RAUM · $2.5B to $3.7B
        Mar 28, 2023 to Mar 19, 2024
      • Pooled vehicle RAUM · $486M to $984M
        Mar 28, 2023 to Mar 19, 2024
      • RAUM · $2.5B to $3.7B
        Mar 28, 2023 to Mar 19, 2024
      • Advisory employees · 5 to 7
        Nov 21, 2022 to Mar 28, 2023
      • Employees · 9 to 14
        Nov 21, 2022 to Mar 28, 2023
      • Discretionary RAUM · $478M to $2.5B
        Nov 21, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $106M to $486M
        Nov 21, 2022 to Mar 28, 2023
      • RAUM · $478M to $2.5B
        Nov 21, 2022 to Mar 28, 2023
      • Accounts · 4 to 5
        Nov 4, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 3 to 4
        Nov 4, 2021 to Mar 31, 2022
      • Employees · 8 to 9
        Nov 4, 2021 to Mar 31, 2022
      • Discretionary RAUM · $298M to $478M
        Nov 4, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $18.0M to $106M
        Nov 4, 2021 to Mar 31, 2022
      • RAUM · $298M to $478M
        Nov 4, 2021 to Mar 31, 2022
      • Discretionary RAUM · $202M to $298M
        Oct 27, 2020 to Mar 2, 2021
      • Pooled vehicle RAUM · $13.2M to $18.0M
        Oct 27, 2020 to Mar 2, 2021
      • RAUM · $202M to $298M
        Oct 27, 2020 to Mar 2, 2021
      • Employees · 12 to 8
        Mar 20, 2020 to Oct 27, 2020
      • Accounts · 2 to 4
        Sep 10, 2019 to Mar 20, 2020
      • Pooled vehicle clients · 1 to 3
        Sep 10, 2019 to Mar 20, 2020
      • Discretionary RAUM · $236M to $202M
        Sep 10, 2019 to Mar 20, 2020
      • Pooled vehicle RAUM · $16.8M to $13.2M
        Sep 10, 2019 to Mar 20, 2020
      • RAUM · $236M to $202M
        Sep 10, 2019 to Mar 20, 2020
      Signals
      14 dated events
      • C••••••••• M•••••• N••••••• H••••• (Chief Compliance Officer) appeared on Schedule A of I•••••••• C•••••• M••••••••• L•
        Dec 13, 2024 · Control person joined · fact
      • I•••••••• C•••••• M••••••••• L• reported RAUM $3.7B, up 50% from $2.5B (2023-03-28 to 2024-03-19)
        Mar 19, 2024 · RAUM change · derived
      • I•••••••• C•••••• M••••••••• L• reported RAUM $2.5B, up 418% from $477.7M (2022-11-21 to 2023-03-28)
        Mar 28, 2023 · RAUM change · derived
      • I•••••••• C•••••• M••••••••• L• reported RAUM $477.7M, up 60% from $298.5M (2021-11-04 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Clark Jay Warner (Member) no longer on Schedule A of I•••••••• C•••••• M••••••••• L• (listed 2021-03-02, absent 2021-11-04)
        Nov 4, 2021 · Control person left · inference
      • Ross Bradley Balter (Managing Member) no longer on Schedule A of I•••••••• C•••••• M••••••••• L• (listed 2021-03-02, absent 2021-11-04)
        Nov 4, 2021 · Control person left · inference
      • Clark Jay Warner (Member) appeared on Schedule A of I•••••••• C•••••• M••••••••• L•
        Sep 10, 2019 · Control person joined · fact
      • G•••• C•••• R••••••• (Member) appeared on Schedule A of I•••••••• C•••••• M••••••••• L•
        Sep 10, 2019 · Control person joined · fact
      • S•••• D•••••• G•••• (Member) appeared on Schedule A of I•••••••• C•••••• M••••••••• L•
        Sep 10, 2019 · Control person joined · fact
      • G•••• L••• T•••• (Member) appeared on Schedule A of I•••••••• C•••••• M••••••••• L•
        Sep 10, 2019 · Control person joined · fact
      • S•••••• L•••• G•••• (Member) appeared on Schedule A of I•••••••• C•••••• M••••••••• L•
        Sep 10, 2019 · Control person joined · fact
      • Robert Benjamin Deschaine (President) appeared on Schedule A of I•••••••• C•••••• M••••••••• L•
        Sep 10, 2019 · Control person joined · fact
      • I•••••••• C•••••• M••••••••• L• reported RAUM $236.5M, up 120% from $107.6M (2019-03-28 to 2019-09-10)
        Sep 10, 2019 · RAUM change · derived
      • I•••••••• C•••••• M••••••••• L• filed its initial SEC registration (Form ADV)
        Apr 13, 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
      Website
      invenomic.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      617-729-2323reportedpublic 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
      Asset manager (funds and pooled vehicles)deriveda 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