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

N••••••• C•••••• L••

Former SEC-registered adviserWesterly, Rhode IslandCRD 292776SEC 801-120842websiteIAPD
Latest filing Mar 18, 2025
First filing on the tape Mar 18, 2021 · 11 filings
SEC status approved since Apr 16, 2021
RAUM
$260M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
94%
$243M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$260M as of Mar 18, 2025
Mar 15, 2022$163M then
HNW client RAUM$229M as of Mar 18, 2025
Mar 15, 2022$116M then
State-registered IARs (5.B.3)4 as of Mar 18, 2025
Mar 15, 20224 then
Employees (5.A)4 as of Mar 18, 2025
Mar 15, 20224 then
Private funds: no history
RAUM +66% over the last fiscal year+17% a year over threeIARs 6 to 4
Practice profile
derived from the filing of Mar 18, 2025; every figure names its basis
RAUM per advisor
$65.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
45derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$572,615derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
6.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+66%derivedbetween the last two annual amendments
Advisor growth, one year
-33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+18%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody
$121M, 103 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
  • High-net-worth individuals$229M88%
  • Individuals$13.9M5.3%
  • Charitable organizations$10.5M4.0%
  • Pension and profit-sharing plans$6.4M2.5%
Individual clients
67reported
HNW clients
114reported
Pension plan clients
n/areported
Charitable clients
5reported
Accounts
454reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$121M for 103 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
2 left, 0 joined in 12 months
net -2 in 12 months2 left in 90 days0 joined in 90 days7 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • L••••••• J••••••• M•••••• · Partner, Chief Investment Officer And Chief Compliance Officercontrol
    since 02/2018 · owns 25% to 50%
  • M••••••• J••••• C••••••• · Partner And Chief Operating Officercontrol
    since 01/2018 · owns 25% to 50%
  • S••••••••• J••••••••• · Director Of Client Experiencecontrol
    since 09/2022 · owns less than 5%
  • L•••••• M••••••• R•••••• · Partner
    since 01/2023 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Westerly, Ri · principal0021
Offices
Schedule D 1.F, the 25 largest
  • Longmeadow, MA1 employees
What changed
consecutive filings, newest first
  • Accounts · 308 to 454
    Feb 28, 2025 to Mar 18, 2025
  • Advisory employees · 6 to 4
    Feb 28, 2025 to Mar 18, 2025
  • Charity clients · unset to 5.0
    Feb 28, 2025 to Mar 18, 2025
  • HNW clients · 69 to 114
    Feb 28, 2025 to Mar 18, 2025
  • Individual clients · 85 to 67
    Feb 28, 2025 to Mar 18, 2025
  • Assets in custody · $73.9M to $121M
    Feb 28, 2025 to Mar 18, 2025
  • Employees · 6 to 4
    Feb 28, 2025 to Mar 18, 2025
  • Financial planning clients · 11-25 to 1-10
    Feb 28, 2025 to Mar 18, 2025
  • State-registered IARs · 6 to 4
    Feb 28, 2025 to Mar 18, 2025
  • Discretionary RAUM · $153M to $257M
    Feb 28, 2025 to Mar 18, 2025
  • HNW RAUM · $135M to $229M
    Feb 28, 2025 to Mar 18, 2025
  • Individual RAUM · $11.0M to $13.9M
    Feb 28, 2025 to Mar 18, 2025
  • Non-discretionary RAUM · $4.0M to $2.8M
    Feb 28, 2025 to Mar 18, 2025
  • Pension RAUM · $5.6M to $6.4M
    Feb 28, 2025 to Mar 18, 2025
  • RAUM · $157M to $260M
    Feb 28, 2025 to Mar 18, 2025
  • Accounts · 295 to 308
    Dec 6, 2023 to Feb 29, 2024
  • Advisory employees · 5 to 6
    Dec 6, 2023 to Feb 29, 2024
  • HNW clients · 76 to 69
    Dec 6, 2023 to Feb 29, 2024
  • Individual clients · 44 to 85
    Dec 6, 2023 to Feb 29, 2024
  • Pension plan clients · 19.0 to unset
    Dec 6, 2023 to Feb 29, 2024
  • Assets in custody · $49.2M to $73.9M
    Dec 6, 2023 to Feb 29, 2024
  • Employees · 5 to 6
    Dec 6, 2023 to Feb 29, 2024
  • Financial planning clients · 1-10 to 11-25
    Dec 6, 2023 to Feb 29, 2024
  • State-registered IARs · 5 to 6
    Dec 6, 2023 to Feb 29, 2024
  • Discretionary RAUM · $121M to $153M
    Dec 6, 2023 to Feb 29, 2024
  • HNW RAUM · $106M to $135M
    Dec 6, 2023 to Feb 29, 2024
  • Individual RAUM · $16.0M to $11.0M
    Dec 6, 2023 to Feb 29, 2024
  • Non-discretionary RAUM · $48.9M to $4.0M
    Dec 6, 2023 to Feb 29, 2024
  • Pension RAUM · $45.6M to $5.6M
    Dec 6, 2023 to Feb 29, 2024
  • RAUM · $170M to $157M
    Dec 6, 2023 to Feb 29, 2024
  • Accounts · 264 to 295
    Sep 21, 2022 to Mar 30, 2023
  • Advisory employees · 4 to 5
    Sep 21, 2022 to Mar 30, 2023
  • HNW clients · 95 to 76
    Sep 21, 2022 to Mar 30, 2023
  • Individual clients · 38 to 44
    Sep 21, 2022 to Mar 30, 2023
  • Pension plan clients · 12 to 19
    Sep 21, 2022 to Mar 30, 2023
  • Assets in custody · $9.9M to $49.2M
    Sep 21, 2022 to Mar 30, 2023
  • Employees · 4 to 5
    Sep 21, 2022 to Mar 30, 2023
  • HQ city · PROVIDENCE to WESTERLY
    Sep 21, 2022 to Mar 30, 2023
  • State-registered IARs · 4 to 5
    Sep 21, 2022 to Mar 30, 2023
  • Other offices · 2 to 1
    Sep 21, 2022 to Mar 30, 2023
Signals
13 dated events
  • N••••••• C•••••• L•• no longer on the SEC adviser roster (last listed 2026-07-01, RAUM $260.0M)
    Aug 3, 2026 · Left the SEC roster · derived
  • M•••••• R•••••• L••••• left N••••••• C•••••• L•• for B•••••• F••••• • S•••••• I•• (registered 2025-05-23)
    Jul 20, 2026 · Advisor changed firm · fact
  • J•••••• M•••••• L•••••• left N••••••• C•••••• L•• for B•••••• F••••• • S•••••• I•• (registered 2025-05-23)
    Jul 20, 2026 · Advisor changed firm · fact
  • 2 advisors left N••••••• C•••••• L•• (Westerly, RI) for B•••••• F••••• • S•••••• I•• on the same day
    Jul 20, 2026 · Team lift-out · derived
  • A•••• M•••••• S•••••• left N••••••• C•••••• L•• for B•••••• F••••• • S•••••• I•• (registered 2025-05-20)
    May 13, 2025 · Advisor changed firm · fact
  • M•••••• D••••••• M•••• left N••••••• C•••••• L•• for B•••••• F••••• • S•••••• I•• (registered 2025-05-20)
    May 13, 2025 · Advisor changed firm · fact
  • 2 advisors left N••••••• C•••••• L•• (Westerly, RI) for B•••••• F••••• • S•••••• I•• on the same day
    May 13, 2025 · Team lift-out · derived
  • N••••••• C•••••• L•• reported RAUM $260.0M, up 66% from $156.8M (2025-02-28 to 2025-03-18)
    Mar 18, 2025 · RAUM change · derived
  • J•••• M•••••• left N••••••• C•••••• L•• for W••••••••• T•••• A••••••• (registered 2025-02-26)
    Jan 28, 2025 · Advisor changed firm · fact
  • J••••••••• S••••••••• left N••••••• C•••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-12-12)
    Dec 12, 2024 · Advisor changed firm · fact
  • R••••• H•••••• K••••• left N••••••• C•••••• L•• for M••••• G••••• A••••••• I••• (registered 2024-04-25)
    May 7, 2024 · Advisor changed firm · fact
  • J••••••••• S••••••••• (Director Of Client Experience) appeared on Schedule A of N••••••• C•••••• L••
    Dec 6, 2023 · Control person joined · fact
  • N••••••• C•••••• L•• filed its initial SEC registration (Form ADV)
    Mar 18, 2021 · 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