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

P••••••• T••••••••• P•••••••

Independent wealth managerLocust Valley, New YorkCRD 305602SEC 801-117439websiteIAPD
Legal name P••••••• T••••••••• P••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Sep 5, 2019 · 22 filings
SEC status approved since Oct 7, 2019
RAUM
$1.2B
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
97%
$1.2B individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$123M
derived; firm RAUM over IAPD count
Employees
12
9 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
6
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$1.2B as of Mar 31, 2026
Mar 23, 2020$472M then
HNW client RAUM$1.1B as of Mar 31, 2026
Mar 23, 2020$432M then
State-registered IARs (5.B.3)8 as of Mar 31, 2026
Mar 23, 20200 then
Employees (5.A)12 as of Mar 31, 2026
Mar 23, 20207 then
Private funds6 as of Mar 31, 2026
Mar 22, 20222 then
RAUM +13% over the last fiscal year+24% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
RAUM per advisor
$123MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
87derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.1MderivedHNW RAUM over HNW clients
Average account
$544,459derivedRAUM over accounts (5.F.2.f)
Discretionary
90%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
5.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+15%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Custody
$521M, 518 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
  • 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)
  • 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$1.1B86%
  • Individuals$137M11%
  • Corporations and businesses$32.4M2.6%
  • Pension and profit-sharing plans$3.5M0.3%
  • Charitable organizations$250,1580.0%
Individual clients
535reported
HNW clients
336reported
Pension plan clients
1reported
Charitable clients
1reported
Accounts
2,257reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$521M for 518 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.97 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=8.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J•••••• F•••••Locust Valley, NyApr 24, 202031 y3
M•••••• S• S••••••Locust Valley, NyApr 24, 202018 y2
P•••••• M•••••• V•• R••••Locust Valley, NyApr 30, 202028 y2
M•••••• R••• S••••Locust Valley, NyAug 30, 202123 y3
P•••••• K••••• M••••Locust Valley, Ny Jan 13, 202229 y0
S•••••• J•••• N•••••••Locust Valley, NyAug 9, 202210 y1
J••••• D••• S••••Locust Valley, NySep 6, 202210 y0
N•••••••• T••••• S••••••Locust Valley, Ny Sep 12, 202219 y0
R••••• J• T••••••Woodbury, Ny Apr 24, 202510 y1
J••• J•••• L••••Locust Valley, Ny Dec 9, 202511 y1
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    6 reported on Schedule D 7.B.(1)
    Owners and control persons
    Schedule A and B, latest filing
    • P•••••• M•••• H•••••• · Membercontrol
      since 08/2019 · owns 75% or more of U••••• A••••••• C••••••• L••
    • K•••••• T•••••• D••••• · Chief Compliance Officer
      since 03/2025 · owns less than 5%
    • S••••••••• M••••••• A••••• · Chief Compliance Officer
      since 08/2019 · owns less than 5%
    Entity owners
    • U••••• A••••••• C••••••• L•• · Owner
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Advisers that list P••••••• T••••••••• P••••••• as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Locust Valley, Ny · principal1010
    Woodbury, Ny210
    Offices
    Schedule D 1.F, the 25 largest
    • Woodbury, NY3 employees
    ADV anomalies
    2 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing Mar 31, 2026
      P•••••• M•••• H•••••• (MEMBER) left Schedule A between the filings of 2019-11-08 and 2026-03-31
      peers: independent wealth managers, $1B to $5B (1,362)
    • private fund count surgeChange between filings · filing Mar 31, 2026
      private funds (Schedule D 7.B.1) moved from 4.0 to 6.0 (+50.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (126 comparable advisers, 92.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (126) · 92% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 1,939 to 2,257
      Mar 31, 2025 to Mar 31, 2026
    • Advisory employees · 8 to 9
      Mar 31, 2025 to Mar 31, 2026
    • Charity clients · 0 to 1
      Mar 31, 2025 to Mar 31, 2026
    • Corporate clients · 11 to 14
      Mar 31, 2025 to Mar 31, 2026
    • HNW clients · 264 to 336
      Mar 31, 2025 to Mar 31, 2026
    • Individual clients · 491 to 535
      Mar 31, 2025 to Mar 31, 2026
    • Pooled vehicle clients · 4.0 to unset
      Mar 31, 2025 to Mar 31, 2026
    • Assets in custody · $516M to $521M
      Mar 31, 2025 to Mar 31, 2026
    • Employees · 11 to 12
      Mar 31, 2025 to Mar 31, 2026
    • HQ city · NEW YORK to LOCUST VALLEY
      Mar 31, 2025 to Mar 31, 2026
    • Private funds · 4 to 6
      Mar 31, 2025 to Mar 31, 2026
    • Discretionary RAUM · $1.0B to $1.1B
      Mar 31, 2025 to Mar 31, 2026
    • HNW RAUM · $813M to $1.1B
      Mar 31, 2025 to Mar 31, 2026
    • Individual RAUM · $143M to $137M
      Mar 31, 2025 to Mar 31, 2026
    • Non-discretionary RAUM · $69.0M to $123M
      Mar 31, 2025 to Mar 31, 2026
    • Pension RAUM · $2.8M to $3.5M
      Mar 31, 2025 to Mar 31, 2026
    • Pooled vehicle RAUM · 122735744.0 to unset
      Mar 31, 2025 to Mar 31, 2026
    • RAUM · $1.1B to $1.2B
      Mar 31, 2025 to Mar 31, 2026
    • Accounts · 1,724 to 1,939
      Jun 5, 2024 to Mar 31, 2025
    • Advisory employees · 7 to 8
      Jun 5, 2024 to Mar 31, 2025
    • BD registered reps · 9 to 8
      Jun 5, 2024 to Mar 31, 2025
    • Corporate clients · 6 to 11
      Jun 5, 2024 to Mar 31, 2025
    • HNW clients · 155 to 264
      Jun 5, 2024 to Mar 31, 2025
    • Individual clients · 450 to 491
      Jun 5, 2024 to Mar 31, 2025
    • Pooled vehicle clients · 3 to 4
      Jun 5, 2024 to Mar 31, 2025
    • Assets in custody · $483M to $516M
      Jun 5, 2024 to Mar 31, 2025
    • Employees · 12 to 11
      Jun 5, 2024 to Mar 31, 2025
    • Financial planning clients · 0 to 1-10
      Jun 5, 2024 to Mar 31, 2025
    • Private funds · 3 to 4
      Jun 5, 2024 to Mar 31, 2025
    • Discretionary RAUM · $915M to $1.0B
      Jun 5, 2024 to Mar 31, 2025
    • HNW RAUM · $691M to $813M
      Jun 5, 2024 to Mar 31, 2025
    • Individual RAUM · $112M to $143M
      Jun 5, 2024 to Mar 31, 2025
    • Non-discretionary RAUM · $21.6M to $69.0M
      Jun 5, 2024 to Mar 31, 2025
    • Pension RAUM · $2.2M to $2.8M
      Jun 5, 2024 to Mar 31, 2025
    • Pooled vehicle RAUM · $83.9M to $123M
      Jun 5, 2024 to Mar 31, 2025
    • RAUM · $937M to $1.1B
      Jun 5, 2024 to Mar 31, 2025
    • Accounts · 1,398 to 1,724
      Mar 24, 2023 to Mar 28, 2024
    • Advisory employees · 8 to 7
      Mar 24, 2023 to Mar 28, 2024
    • Advisory activities · 3 to 4
      Mar 24, 2023 to Mar 28, 2024
    • BD registered reps · 6 to 9
      Mar 24, 2023 to Mar 28, 2024
    Signals
    4 dated events
    • P••••••• T••••••••• P••••••• reported RAUM $936.7M, up 44% from $648.3M (2023-03-24 to 2024-03-28)
      Mar 28, 2024 · RAUM change · derived
    • M•••••• V•••••• G••••• left P••••••• T••••••••• P••••••• for R••••••••• A•• W••••• A• A••••••• L•• (registered 2023-06-12)
      Jan 3, 2023 · Advisor changed firm · fact
    • Hulbert Mark Penske (Member) appeared on Schedule A of P••••••• T••••••••• P•••••••
      Nov 8, 2019 · Control person joined · fact
    • P••••••• T••••••••• P••••••• filed its initial SEC registration (Form ADV)
      Sep 5, 2019 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    How to reach
    public business contact points only, each with its source
    Business email
    i•••@n•••••••••.comreportedpublished by the firm, firm site, Sep 17, 2026
    Firm profile
    linkedin.com/company/northeast-private-wealth-managementreportedpublic record, Form ADV, Sep 18, 2026
    Website
    n•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    212-444-2362reportedpublic 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
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $123Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026