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

N••••••••• • L••• I•••

Independent wealth managerState College, PennsylvaniaCRD 2907SEC 801-112333websiteIAPD
Latest filing Dec 23, 2025
First filing on the tape Dec 1, 2011 · 23 filings
SEC status approved since Jan 19, 2018
RAUM
$199M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$184M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$199M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$199M as of Dec 23, 2025
Dec 1, 2011$61.1M then
HNW client RAUM$115M as of Dec 23, 2025
Dec 10, 2018$56.8M then
State-registered IARs (5.B.3)1 as of Dec 23, 2025
Dec 1, 20110 then
Employees (5.A)4 as of Dec 23, 2025
Dec 10, 20185 then
Private funds: no history
RAUM +28% over the last fiscal year+6.0% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Dec 23, 2025; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$199MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
262derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$325,269derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
7.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.6%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, publicationsreportedItem 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
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$115M58%
  • Individuals$69.1M35%
  • Charitable organizations$15.3M7.7%
Individual clients
215reported
HNW clients
47reported
Pension plan clients
n/areported
Charitable clients
8reported
Accounts
612reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• L•••• L••Chartered Financial ConsultantState College, PaMay 15, 201234 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
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••••• B•••• L•• · Cfocontrol
        since 01/2010 · owns less than 5%
      • L••• J••• L•••• · Ceocontrol
        since 07/1996 · owns 75% or more
      • L••• S•••••• A•••• · Directorcontrol
        since 12/2021 · owns less than 5%
      • N••••••••• D••••• J•••• · Ownercontrol
        since 09/1965 · owns 10% to 25%
      • S•••••• J••• M•••• · Chief Compliance Officercontrol
        since 06/2009 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 594 to 612
        Dec 11, 2024 to Dec 23, 2025
      • Advisory employees · 1 to 2
        Dec 11, 2024 to Dec 23, 2025
      • BD registered reps · 3 to 4
        Dec 11, 2024 to Dec 23, 2025
      • HNW clients · 40 to 47
        Dec 11, 2024 to Dec 23, 2025
      • Individual clients · 217 to 215
        Dec 11, 2024 to Dec 23, 2025
      • Employees · 3 to 4
        Dec 11, 2024 to Dec 23, 2025
      • Financial planning clients · 51-100 to 51-100
        Dec 11, 2024 to Dec 23, 2025
      • Discretionary RAUM · $185M to $199M
        Dec 11, 2024 to Dec 23, 2025
      • HNW RAUM · $102M to $115M
        Dec 11, 2024 to Dec 23, 2025
      • Individual RAUM · $69.8M to $69.1M
        Dec 11, 2024 to Dec 23, 2025
      • RAUM · $185M to $199M
        Dec 11, 2024 to Dec 23, 2025
      • Accounts · 562 to 594
        Jan 11, 2024 to Dec 11, 2024
      • Charity clients · 9 to 8
        Jan 11, 2024 to Dec 11, 2024
      • HNW clients · 31 to 40
        Jan 11, 2024 to Dec 11, 2024
      • Discretionary RAUM · $155M to $185M
        Jan 11, 2024 to Dec 11, 2024
      • HNW RAUM · $78.8M to $102M
        Jan 11, 2024 to Dec 11, 2024
      • Individual RAUM · $64.5M to $69.8M
        Jan 11, 2024 to Dec 11, 2024
      • RAUM · $155M to $185M
        Jan 11, 2024 to Dec 11, 2024
      • Accounts · 549 to 562
        Jan 24, 2023 to Dec 20, 2023
      • BD registered reps · 4 to 3
        Jan 24, 2023 to Dec 20, 2023
      • Charity clients · 8 to 9
        Jan 24, 2023 to Dec 20, 2023
      • HNW clients · 29 to 31
        Jan 24, 2023 to Dec 20, 2023
      • Individual clients · 221 to 217
        Jan 24, 2023 to Dec 20, 2023
      • Employees · 4 to 3
        Jan 24, 2023 to Dec 20, 2023
      • Discretionary RAUM · $144M to $155M
        Jan 24, 2023 to Dec 20, 2023
      • HNW RAUM · $72.0M to $78.8M
        Jan 24, 2023 to Dec 20, 2023
      • Individual RAUM · $60.7M to $64.5M
        Jan 24, 2023 to Dec 20, 2023
      • RAUM · $144M to $155M
        Jan 24, 2023 to Dec 20, 2023
      • Accounts · 520 to 549
        Sep 13, 2022 to Dec 6, 2022
      • Advisory employees · 2 to 1
        Sep 13, 2022 to Dec 6, 2022
      • HNW clients · 36 to 29
        Sep 13, 2022 to Dec 6, 2022
      • Individual clients · 209 to 221
        Sep 13, 2022 to Dec 6, 2022
      • Employees · 5 to 4
        Sep 13, 2022 to Dec 6, 2022
      • State-registered IARs · 2 to 1
        Sep 13, 2022 to Dec 6, 2022
      • Discretionary RAUM · $167M to $144M
        Sep 13, 2022 to Dec 6, 2022
      • HNW RAUM · $90.2M to $72.0M
        Sep 13, 2022 to Dec 6, 2022
      • Individual RAUM · $62.9M to $60.7M
        Sep 13, 2022 to Dec 6, 2022
      • RAUM · $167M to $144M
        Sep 13, 2022 to Dec 6, 2022
      • Accounts · 486 to 520
        Dec 22, 2020 to Dec 14, 2021
      • Charity clients · 7 to 8
        Dec 22, 2020 to Dec 14, 2021
      Signals
      2 dated events
      • Stephen Allan Loy (Director) appeared on Schedule A of N••••••••• • L••• I•••
        Jan 11, 2024 · Control person joined · fact
      • N••••••••• • L••• I••• filed its initial SEC registration (Form ADV)
        Dec 20, 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
      Business phone
      814-238-6249reportedpublished by the firm, firm site, Sep 16, 2026
      Website
      nlinvestmentadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      814-238-6249reportedpublic record, Form ADV, Dec 23, 2025
      Contact form
      nlinvestmentadvisors.com/contact-usreportedpublished by the firm, firm site, Sep 16, 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
      Independent wealth managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $199Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026