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••••• I••••••••• M••••••••• N•••• A••••••
Legal name N••••• I••••••••• M••••••••• N•••• A•••••• L••
Latest filing May 29, 2026
First filing on the tape Feb 10, 2021 · 18 filings
SEC status approved since Mar 12, 2021
RAUM
$59B
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
88
55 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$59B as of May 29, 2026
Mar 31, 2022$74B then
HNW client RAUM$0 as of May 29, 2026
Mar 31, 2022$7.9M then
State-registered IARs (5.B.3)11 as of May 29, 2026
Mar 31, 20220 then
Employees (5.A)88 as of May 29, 2026
Mar 31, 2022149 then
Private funds1 as of Mar 29, 2024
Mar 31, 20223 then
RAUM +25% over the last fiscal year+7.8% a year over threeIARs 21 to 11
Practice profile
derived from the filing of May 29, 2026; every figure names its basis
Archetypes, each a printed rule
- b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- RAUM per advisor
- $5.4BderivedRAUM 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
- $370MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 8.0derivedItem 5.A over advisors
- Advisors per office
- 2.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- -48%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- a related person acts as qualified custodian (9.D.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$36B61%
- Pooled investment vehicles$17B28%
- Pension and profit-sharing plans$3.4B5.7%
- State and municipal entities$2.0B3.3%
- Other investment advisers$464M0.8%
- Charitable organizations$389M0.7%
- Insurance companies$220M0.4%
- Corporations and businesses$64.2M0.1%
- Banks and thrifts$38.3M0.1%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 24reported
- Charitable clients
- 5reported
- Accounts
- 160reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.9 institutional_share=0.1 related_bd=true related_bank=true bd_reps=12.0derived
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
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Z•• R••• P••••• F•••• L••• | Hedge Fund | $1.6B | 2 | Aug 27, 2019 |
| R•••••• P•••• T••• R••• F••• L••no longer reported | Hedge Fund | $688M | 1 | Feb 20, 2019 |
| H••••••••• R••• P••••• D•••• R•• Q• V•• F••• L••• | Hedge Fund | $97.2M | 16 | Jan 2, 2019 |
Owners and control persons
Schedule A and B, latest filing
- F•••••• S••••• · Managercontrolsince 12/2021 · owns less than 5%
- G••••••• M••••••• A•••••• · Chief Executive Officer & Managercontrolsince 01/2021 · owns less than 5%
- M••••••••• J••• · Managercontrolsince 07/2022 · owns less than 5%
- M•••••• J•••• R••••••• · Managercontrolsince 02/2023 · owns less than 5%
- M••••• E•••• G••••• · Managercontrolsince 08/2021 · owns less than 5%
- S••••• H••••••• •••• · Managercontrolsince 01/2021 · owns less than 5%
- U••••• J•••• · Chief Compliance Officercontrolsince 08/2021 · owns less than 5%
- W••••• P•••••• W••• · Chief Financial Officercontrolsince 01/2021 · owns less than 5%
Entity owners
- M•• I••••••••• C••••••••• · Memberdirect · owns 75% or more
- B•• M••••• I••• L•• · Shareholderindirect · owns 75% or more of M•• I••••••••• C•••••••••
- T•• B••• O• N•• Y••• M••••• C••••••••• · Shareholderindirect · owns 75% or more of B•• M••••• I••• L•• · public reporting company
Related persons
Schedule D 7.A
- A•• I••••••••• L•••investment adviserbanknRAUM $1.9B
- B•• M••••• A•••••••• I•••investment adviserbanknRAUM $33B
- B•• M••••• A••••••• D• P••••••••• L•••investment advisern
- B•• M••••• A•••• M••••••••• C••••• L••••••broker-dealerinvestment adviserpooled vehicle sponsorn
- B•• M••••• B•••• S•••n
- B•• M••••• C•••••• M••••••• L••broker-dealern
- B•• M••••• E•• I••••••••• A••••••• L••investment adviserbanknRAUM $11B
- B•• M••••• F••• M••••••••• ••••••••• S•••broker-dealerinvestment adviserpooled vehicle sponsorn
- B•• M••••• F••• M••••••• L••••••pooled vehicle sponsorn
- B•• M••••• I• K•••• L••••••investment advisern
- B•• M••••• I• T••••• S••••••••• I••••••••• C••••••••• C••• L••investment advisern
- B•• M••••• I••••••••• M••••••••• L••••••investment adviserpooled vehicle sponsorn
- B•• M••••• I••••••••• A••••••• I•••investment adviserbanknRAUM $419B
- B•• M••••• I••••••••• M••••••••• E••• L••••••broker-dealerinvestment adviserpooled vehicle sponsorn
- B•• M••••• I••••••••• M••••••••• H••• K••• L••••••broker-dealerinvestment advisern
- B•• M••••• I••••••••• M••••••••• J•••• L••••••investment advisernRAUM $32B
- B•• M••••• I••••••••• M••••••••• S•••••••• P••• L••••••investment advisern
- B•• M••••• I••••••••• S•••••••• T•••• C••••••n
- B•• M••••• N••••••• A•••••••••investment advisercustodiann
- B•• M••••• S••••••••• C•••••••••broker-dealerinvestment adviserreal estatenRAUM $8.4B
- B•• M••••• S••••••• F••••••••• D••••••••• D• T•••••• E• V•••••• M••••••••• ••••• S•••broker-dealerinvestment advisern
- B•• M••••• T•••• C•••••• O• I•••••••n
- B•• M••••• T•••• O• D•••••••investment advisern
- C••• M••••• G••••• S••••••••• S••••••• C••••••n
- C••• M••••• T•••• C••••••n
- I•••••• I••••••••• A•••••••• P•• L••••••investment advisern
- I•••••• I••••••••• F•••• M••••••••• L••••••investment adviserpooled vehicle sponsorn
- I•••••• I•••••••••investment adviserbanknRAUM $3.0B
- I•••••• I••••••••• M••••••••• ••••••• L••••••investment adviserbankn
- I•••••• I••••••••• M••••••••• E••••• L••••••pooled vehicle sponsorn
Advisers that list N••••• I••••••••• M••••••••• N•••• A•••••• as a related person
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA13 employees
- Pittsburgh, PA2 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- a•••••• count dropChange between filings · filing Mar 31, 2026advisory representatives (Item 5.B.3) moved from 21.0 to 11.0 (-48.0%) between the annual amendments of 2025-04-10 and 2026-03-31; the peer median change was +3.0% (50 comparable advisers, 4.0th percentile of changes)peers: asset managers, $20B and over (50) · 4.1% percentile
- employee count dropChange between filings · filing Mar 31, 2026employees (Item 5.A) moved from 152.0 to 88.0 (-42.0%) between the annual amendments of 2025-04-10 and 2026-03-31; the peer median change was +3.0% (461 comparable advisers, 2.0th percentile of changes)peers: asset managers, $20B and over (461) · 1.5% percentile
What changed
consecutive filings, newest first
- Accounts · 172 to 160Jan 29, 2026 to Mar 31, 2026
- Advisory employees · 82 to 55Jan 29, 2026 to Mar 31, 2026
- BD registered reps · 22 to 12Jan 29, 2026 to Mar 31, 2026
- Charity clients · unset to 5.0Jan 29, 2026 to Mar 31, 2026
- Corporate clients · unset to 1.0Jan 29, 2026 to Mar 31, 2026
- HNW clients · unset to 0.0Jan 29, 2026 to Mar 31, 2026
- Individual clients · unset to 0.0Jan 29, 2026 to Mar 31, 2026
- Pension plan clients · 25 to 24Jan 29, 2026 to Mar 31, 2026
- Pooled vehicle clients · 63 to 58Jan 29, 2026 to Mar 31, 2026
- Employees · 152 to 88Jan 29, 2026 to Mar 31, 2026
- State-registered IARs · 21 to 11Jan 29, 2026 to Mar 31, 2026
- Discretionary RAUM · $47B to $59BJan 29, 2026 to Mar 31, 2026
- Non-discretionary RAUM · $291M to $257MJan 29, 2026 to Mar 31, 2026
- Pension RAUM · $3.7B to $3.4BJan 29, 2026 to Mar 31, 2026
- Pooled vehicle RAUM · $12B to $17BJan 29, 2026 to Mar 31, 2026
- RAUM · $47B to $59BJan 29, 2026 to Mar 31, 2026
- Financial planning clients · unset to Apr 10, 2025 to Jun 2, 2025
- Accounts · 180 to 172Mar 29, 2024 to Apr 10, 2025
- Advisory employees · 83 to 82Mar 29, 2024 to Apr 10, 2025
- BD registered reps · 23 to 22Mar 29, 2024 to Apr 10, 2025
- Charity clients · 7.0 to unsetMar 29, 2024 to Apr 10, 2025
- Pension plan clients · 26 to 25Mar 29, 2024 to Apr 10, 2025
- Pooled vehicle clients · 68 to 63Mar 29, 2024 to Apr 10, 2025
- Assets in custody · 1559897560.0 to unsetMar 29, 2024 to Apr 10, 2025
- Custody of client assets · true to falseMar 29, 2024 to Apr 10, 2025
- Employees · 172 to 152Mar 29, 2024 to Apr 10, 2025
- State-registered IARs · 22 to 21Mar 29, 2024 to Apr 10, 2025
- Other offices · 2 to 3Mar 29, 2024 to Apr 10, 2025
- Private funds · 1 to unsetMar 29, 2024 to Apr 10, 2025
- Discretionary RAUM · $48B to $47BMar 29, 2024 to Apr 10, 2025
- Non-discretionary RAUM · $335M to $291MMar 29, 2024 to Apr 10, 2025
- Pension RAUM · $2.8B to $3.7BMar 29, 2024 to Apr 10, 2025
- Pooled vehicle RAUM · $16B to $12BMar 29, 2024 to Apr 10, 2025
- RAUM · $48B to $47BMar 29, 2024 to Apr 10, 2025
- Accounts · 213 to 180Dec 4, 2023 to Mar 29, 2024
- Advisory employees · 82 to 83Dec 4, 2023 to Mar 29, 2024
- BD registered reps · 26 to 23Dec 4, 2023 to Mar 29, 2024
- Charity clients · 12 to 7Dec 4, 2023 to Mar 29, 2024
- Pension plan clients · 28 to 26Dec 4, 2023 to Mar 29, 2024
- Pooled vehicle clients · 41 to 68Dec 4, 2023 to Mar 29, 2024
Signals
16 dated events
- N••••• I••••••••• M••••••••• N•••• A•••••• reported 11 state-registered advisory representatives, down from 21 (2026-01-29 to 2026-03-31)Mar 31, 2026 · ria a•••••• headcount change · derived
- N••••• I••••••••• M••••••••• N•••• A•••••• reported 22 state-registered advisory representatives, up from 0 (2023-12-04 to 2024-03-29)Mar 29, 2024 · ria a•••••• headcount change · derived
- Sujin Christina King (Manager) no longer on Schedule A of N••••• I••••••••• M••••••••• N•••• A•••••• (listed 2023-05-01, absent 2023-12-04)Dec 4, 2023 · Control person left · inference
- N••••• I••••••••• M••••••••• N•••• A•••••• reported RAUM $47.2B, down 36% from $74.1B (2022-07-29 to 2023-03-31)Mar 31, 2023 · RAUM change · derived
- Randolph John Miller (Manager) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Mar 31, 2023 · Control person joined · fact
- Judy Marlinski (Manager) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Jul 29, 2022 · Control person joined · fact
- N••••• I••••••••• M••••••••• N•••• A•••••• reported RAUM $74.1B, up 61% from $46.1B (2022-01-17 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Sharon French (Manager) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Jan 17, 2022 · Control person joined · fact
- Andrew Downs (Manager) no longer on Schedule A of N••••• I••••••••• M••••••••• N•••• A•••••• (listed 2021-07-30, absent 2021-09-30)Sep 30, 2021 · Control person left · inference
- Jaime Utano (Chief Compliance Officer) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Sep 30, 2021 · Control person joined · fact
- George Euan Munro (Manager) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Sep 30, 2021 · Control person joined · fact
- (Nmi) Hanneke Smits (Manager) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Jul 21, 2021 · Control person joined · fact
- Sujin Christina King (Manager) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Jul 21, 2021 · Control person joined · fact
- Andrew Downs (Manager) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••Jul 21, 2021 · Control person joined · fact
- W••• Parker Wertz (Chief Financial Officer) appeared on Schedule A of N••••• I••••••••• M••••••••• N•••• A••••••May 6, 2021 · Control person joined · fact
- N••••• I••••••••• M••••••••• N•••• A•••••• filed its initial SEC registration (Form ADV)Feb 10, 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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/newton-investment-managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- newtonim.com/us-institutionalreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (617) 248-3000reportedpublic record, Form ADV, May 29, 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