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
F•• W••••• M••••••••• L••
Latest filing Mar 4, 2025
First filing on the tape Jul 11, 2017 · 26 filings
SEC status approved since Aug 11, 2017
RAUM
$459M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$445M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$459M as of Mar 4, 2025
Mar 23, 2018$270M then
HNW client RAUM$373M as of Mar 4, 2025
Mar 23, 2018$80.0M then
State-registered IARs (5.B.3)5 as of Mar 4, 2025
Mar 23, 20182 then
Employees (5.A)6 as of Mar 4, 2025
Mar 23, 20183 then
Private funds: no history
RAUM +11% over the last fiscal year+9.3% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Mar 4, 2025; every figure names its basis
- RAUM per advisor
- $91.9MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 60derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $501,470derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -0.7%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $455M, 916 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$373M81%
- Individuals$71.8M16%
- Charitable organizations$14.1M3.1%
- Individual clients
- 177reported
- HNW clients
- 123reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 916reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $455M for 916 clientsreported
- Compensation
- % of AUMreported
- 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
4 left, 0 joined in 12 months
net -4 in 12 months0 left in 90 days0 joined in 90 days4 left over 36 months
Left, latest
- G••• G••• to A••••••• F••••••••• L•••Dec 31, 2025 · RIA to affiliated broker-dealer or bank
- S•••• J••• H••••• to A••••••• F••••••••• L•••Dec 31, 2025 · RIA to affiliated broker-dealer or bank
- M••••• H• S•••••• R••••• to A••••••• F••••••••• L•••Dec 31, 2025 · RIA to affiliated broker-dealer or bank
- G•••• M•••••• M•••••••• to A••••••• F••••••••• L•••Dec 31, 2025 · RIA to affiliated broker-dealer or bank
- J•••• M••• M••••• to F•• W••••• M••••••••• L••Apr 12, 2021 · RIA to a newly registered adviser
Joined, latest
- G••• G••• from C••••••••• F•••••••• N••••••Apr 5, 2022 · Affiliated broker-dealer or bank to independent RIA
- J•••• M••• M••••• from C••••••••• F•••••••• N••••••Nov 13, 2019 · Affiliated broker-dealer or bank to independent RIA
- M••••• H• S•••••• R••••• from C••••••••• F•••••••• N••••••Oct 16, 2018 · Affiliated broker-dealer or bank to independent RIA
- S•••• J••• H••••• from C••••••••• F•••••••• N••••••Aug 14, 2017 · Other
- G•••• M•••••• M•••••••• from C••••••••• F•••••••• N••••••Aug 14, 2017 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for A••••••• F••••••••• L•••Dec 31, 2025 · Needham, Ma · Firm absorbed
- 2 joined from C••••••••• F•••••••• N••••••Aug 16, 2019 · Needham, Ma
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H•••••• S••••• J••• · Managing Partner And Presidentcontrolsince 03/2017 · owns 50% to 75%
- M••••••••• G••••• M•••••• · Managing Partner, Chief Compliance Officercontrolsince 05/2017 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Needham, Ma · principal | 0 | 0 | 4 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 905 to 916Mar 21, 2024 to Mar 4, 2025
- Advisory employees · 4 to 5Mar 21, 2024 to Mar 4, 2025
- HNW clients · 114 to 123Mar 21, 2024 to Mar 4, 2025
- Individual clients · 188 to 177Mar 21, 2024 to Mar 4, 2025
- Assets in custody · $414M to $455MMar 21, 2024 to Mar 4, 2025
- Employees · 5 to 6Mar 21, 2024 to Mar 4, 2025
- Financial planning clients · 51-100 to 51-100Mar 21, 2024 to Mar 4, 2025
- State-registered IARs · 4 to 5Mar 21, 2024 to Mar 4, 2025
- Discretionary RAUM · $414M to $459MMar 21, 2024 to Mar 4, 2025
- HNW RAUM · $326M to $373MMar 21, 2024 to Mar 4, 2025
- Individual RAUM · $76.2M to $71.8MMar 21, 2024 to Mar 4, 2025
- RAUM · $414M to $459MMar 21, 2024 to Mar 4, 2025
- Accounts · 850 to 905Apr 28, 2023 to Mar 21, 2024
- Advisory activities · 2 to 3Apr 28, 2023 to Mar 21, 2024
- HNW clients · 116 to 114Apr 28, 2023 to Mar 21, 2024
- Individual clients · 174 to 188Apr 28, 2023 to Mar 21, 2024
- Assets in custody · unset to 414206728.0Apr 28, 2023 to Mar 21, 2024
- Custody of client assets · false to trueApr 28, 2023 to Mar 21, 2024
- Discretionary RAUM · $380M to $414MApr 28, 2023 to Mar 21, 2024
- HNW RAUM · $311M to $326MApr 28, 2023 to Mar 21, 2024
- Individual RAUM · $64.0M to $76.2MApr 28, 2023 to Mar 21, 2024
- Non-discretionary RAUM · $5.0M to $0Apr 28, 2023 to Mar 21, 2024
- RAUM · $385M to $414MApr 28, 2023 to Mar 21, 2024
- Accounts · 791 to 850Sep 23, 2022 to Feb 6, 2023
- Advisory employees · 3 to 4Sep 23, 2022 to Feb 6, 2023
- HNW clients · 97 to 116Sep 23, 2022 to Feb 6, 2023
- Individual clients · 140 to 174Sep 23, 2022 to Feb 6, 2023
- Assets in custody · 2100000.0 to unsetSep 23, 2022 to Feb 6, 2023
- Custody of client assets · true to falseSep 23, 2022 to Feb 6, 2023
- Employees · 4 to 5Sep 23, 2022 to Feb 6, 2023
- Financial planning clients · 0 to 51-100Sep 23, 2022 to Feb 6, 2023
- State-registered IARs · 3 to 4Sep 23, 2022 to Feb 6, 2023
- Discretionary RAUM · $330M to $380MSep 23, 2022 to Feb 6, 2023
- HNW RAUM · $195M to $311MSep 23, 2022 to Feb 6, 2023
- Individual RAUM · $146M to $64.0MSep 23, 2022 to Feb 6, 2023
- Non-discretionary RAUM · $22.0M to $5.0MSep 23, 2022 to Feb 6, 2023
- RAUM · $352M to $385MSep 23, 2022 to Feb 6, 2023
- Accounts · 1,199 to 791Oct 7, 2021 to Mar 14, 2022
- Advisory activities · 3 to 2Oct 7, 2021 to Mar 14, 2022
- Charity clients · 7.0 to unsetOct 7, 2021 to Mar 14, 2022
Signals
11 dated events
- F•• W••••• M••••••••• L•• no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $459.3M)Feb 2, 2026 · Left the SEC roster · derived
- G•••• M•••••• M•••••••• left F•• W••••• M••••••••• L•• for A••••••• F••••••••• L••• (registered 2025-12-03)Dec 31, 2025 · Advisor changed firm · fact
- F•• W••••• M••••••••• L••'s advisors moved to A••••••• F••••••••• L••• (Needham, MA): 4 of 4 registered, on the same dayDec 31, 2025 · Firm absorbed (people side) · derived
- M••••• H• S•••••• R••••• left F•• W••••• M••••••••• L•• for A••••••• F••••••••• L••• (registered 2025-12-03)Dec 31, 2025 · Advisor changed firm · fact
- G••• G••• left F•• W••••• M••••••••• L•• for A••••••• F••••••••• L••• (registered 2025-12-03)Dec 31, 2025 · Advisor changed firm · fact
- S•••• J••• H••••• left F•• W••••• M••••••••• L•• for A••••••• F••••••••• L••• (registered 2025-12-03)Dec 31, 2025 · Advisor changed firm · fact
- Marc James Morris (Managing Partner) no longer on Schedule A of F•• W••••• M••••••••• L•• (listed 2020-09-21, absent 2021-03-12)Mar 12, 2021 · Control person left · inference
- F•• W••••• M••••••••• L•• reported RAUM $364.8M, up 58% from $231.0M (2019-09-20 to 2020-03-12)Mar 12, 2020 · RAUM change · derived
- Marc James Morris (Managing Partner) appeared on Schedule A of F•• W••••• M••••••••• L••Mar 12, 2020 · Control person joined · fact
- F•• W••••• M••••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)Sep 20, 2019 · Succession (Item 4) · fact
- H••••• • M•••••••• filed its initial SEC registration (Form ADV)Jul 11, 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