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

A••••••••• F••• A•••••••• L••

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 313109SEC 801-120750websiteIAPD
Latest filing Mar 25, 2026
First filing on the tape Mar 10, 2021 · 6 filings
SEC status approved since Apr 9, 2021
RAUM
$246M
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
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$246M as of Mar 25, 2026
Mar 29, 2022$36.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 29, 20221 then
Employees (5.A)6 as of Mar 25, 2026
Mar 29, 20227 then
Private funds: no history
RAUM +8.5% over the last fiscal year+73% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$246MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.5%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$246M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • H••••• M•••• · Managing Principalcontrol
        since 01/2021 · owns less than 5%
      • J•••••••• M••••••• A•••••• · Founding Principalcontrol
        since 01/2021 · owns less than 5%
      • L••••••••• R•••••• S••••• · Chief Compliance Officercontrol
        since 01/2021 · owns less than 5%
      • H••••• M•••• · Membercontrol
        since 01/2021 · owns 25% to 50% of A••••••••• F••• A••••••• M••••••••• L••
      Entity owners
      • A••••••••• F••• A••••••• H•••••••• L•• · Sole Owner
        direct · owns 75% or more
      • A••••••••• F••• A••••••• M••••••••• L•• · Managing Member
        indirect · owns 25% to 50% of A••••••••• F••• A••••••• H•••••••• L••
      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
      • BD registered reps · 1 to 2
        Mar 24, 2025 to Mar 25, 2026
      • Employees · 8 to 6
        Mar 24, 2025 to Mar 25, 2026
      • Discretionary RAUM · $226M to $246M
        Mar 24, 2025 to Mar 25, 2026
      • RAUM · $226M to $246M
        Mar 24, 2025 to Mar 25, 2026
      • Advisory employees · 3 to 4
        Mar 27, 2024 to Mar 24, 2025
      • Employees · 5 to 8
        Mar 27, 2024 to Mar 24, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 24, 2025
      • Discretionary RAUM · $165M to $226M
        Mar 27, 2024 to Mar 24, 2025
      • RAUM · $165M to $226M
        Mar 27, 2024 to Mar 24, 2025
      • Employees · 7 to 5
        Mar 29, 2023 to Mar 27, 2024
      • State-registered IARs · 1 to 0
        Mar 29, 2023 to Mar 27, 2024
      • Other offices · 1 to 0
        Mar 29, 2023 to Mar 27, 2024
      • Discretionary RAUM · $47.6M to $165M
        Mar 29, 2023 to Mar 27, 2024
      • RAUM · $47.6M to $165M
        Mar 29, 2023 to Mar 27, 2024
      • Discretionary RAUM · $36.0M to $47.6M
        Mar 29, 2022 to Mar 29, 2023
      • RAUM · $36.0M to $47.6M
        Mar 29, 2022 to Mar 29, 2023
      • Accounts · 0 to 1
        Mar 10, 2021 to Mar 29, 2022
      • BD registered reps · 5 to 1
        Mar 10, 2021 to Mar 29, 2022
      • Employees · 8 to 7
        Mar 10, 2021 to Mar 29, 2022
      • State-registered IARs · 0 to 1
        Mar 10, 2021 to Mar 29, 2022
      • Other offices · 0 to 1
        Mar 10, 2021 to Mar 29, 2022
      • Discretionary RAUM · $0 to $36.0M
        Mar 10, 2021 to Mar 29, 2022
      • RAUM · $0 to $36.0M
        Mar 10, 2021 to Mar 29, 2022
      Signals
      1 dated events
      • A••••••••• F••• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Mar 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
      Website
      alternativefundadvisors.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      844-850-5809reportedpublic record, Form ADV, Mar 25, 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