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•••• W••••• M••••••••• L••
Latest filing Sep 27, 2023
First filing on the tape Sep 24, 2021 · 9 filings
RAUM
$899M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
91%
$818M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$33.9M gross assets
History
9 filings and snapshots on the tape
RAUM$899M as of Mar 30, 2023
Mar 30, 2022$1.0B then
HNW client RAUM$622M as of Mar 30, 2023
Mar 30, 2022$767M then
State-registered IARs (5.B.3)6 as of Mar 30, 2023
Mar 30, 20228 then
Employees (5.A)15 as of Mar 30, 2023
Mar 30, 202217 then
Private funds1 as of Mar 30, 2023
Mar 30, 20222 then
RAUM -12% over the last fiscal yearIARs 8 to 6
Practice profile
derived from the filing of Sep 27, 2023; every figure names its basis
- RAUM per advisor
- $150MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 134derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $352,403derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -12%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.7%derived
- Compensation
- percentage of assets, hourly, fixed fees, performance-based, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $463M, 399 clientsreportedItem 9.A
- Ownership
- a PE fund or sponsor is a 25 percent or greater owner 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)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$622M69%
- Individuals$197M22%
- Corporations and businesses$47.0M5.2%
- Pooled investment vehicles$33.9M3.8%
- Individual clients
- 623reported
- HNW clients
- 182reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 2,552reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $463M for 399 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- 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
Left, latest
- J••• H•• to B••••• H••• A•••••••• L••Sep 30, 2022 · RIA to RIA
- J••• W••••••• F•••• to M•• I•••••••• S•••••••• L••Sep 20, 2022 · RIA to affiliated broker-dealer or bank
- R••••• M•••••• M••••• to M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jun 3, 2022 · RIA to wirehouse
Joined, latest
- M••••••• E•••••••• G•••••• from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 10, 2021 · RIA to a newly registered adviser
- J•••• C•••••••• C•••••• from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 10, 2021 · RIA to a newly registered adviser
- J••• H•• from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 10, 2021 · RIA to a newly registered adviser
- J••• W••••••• F•••• from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 10, 2021 · RIA to a newly registered adviser
- R••••• M•••••• M••••• from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 10, 2021 · RIA to a newly registered adviser
- C••••••••• J•••• W•••• from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 10, 2021 · RIA to a newly registered adviser
- B•••• C••••••••• P•••• from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 1, 2021 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for C•••••••• W•••••Aug 31, 2023 · North Andover, Ma · Firm absorbed
- 5 joined from N•• E•••••• I••••••••• • R••••••••• G••••• I•••Nov 1, 2021 · North Andover, Ma · Firm absorbed
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| T••••••• C•••••• P•••••••• L•••no longer reported | Private Equity Fund | $17.0M | 19 | Oct 13, 2020 |
Owners and control persons
Schedule A and B, latest filing
- C•••••• R•••••• M•••••• · Chief Compliance Officercontrolsince 09/2021 · owns less than 5%
- G••••••••• N•••••••• J••• · Presidentcontrolsince 09/2021 · owns less than 5%
- P••••• B••••• C••••••••• · Principalcontrolsince 09/2021 · owns less than 5%
- W••••• C••••••••• J•••• · Chief O•••••••• Officercontrolsince 09/2021 · owns less than 5%
- B••••••• M••••• L••• · Chief Executive Officer, C••••••••since 03/2023 · owns less than 5%
- S••••••• J•••• C• · Compliance Officersince 03/2023 · owns less than 5%
Entity owners
- C•••••••• G••••• L•• · Member (Manager)direct · owns 75% or more
- C••• F•••••••• C••••••••• L••• · Partnerindirect · owns 25% to 50% of C••• F•••••••• H•••••••• L•••
- C••• F•••••••• H•••••••• L••• · Partnerindirect · owns 50% to 75% of F•••••••• F•• U••••••• H•••••••• L•
- C••••••• D••••••• • R••• F••• X••• L••• · Partnerindirect · owns 50% to 75% of C••• F•••••••• H•••••••• L•••
- F•••••••• F•• A••••••••• L•• · Shareholder, Class A Common Stockindirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
- F•••••••• F•• I••••••••• H•••••••• L•• · Memberindirect · owns 75% or more of F•••••••• F•• A••••••••• L••
- F•••••••• F•• P•••••• I••• · Memberindirect · owns 75% or more of F•••••••• F•• I••••••••• H•••••••• L••
- F•••••••• F•• U••••••• H•••••••• L• · Shareholder, Class B Common Stockindirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
- F•••••••• F•• U••••••• H•••••••• L• · Shareholderindirect · owns 75% or more of F•••••••• F•• P•••••• I•••
- F•••• F•••••••• P••••••• I••• · Managing Memberindirect · owns 75% or more of F•••• F•••••••• P•••••••• L••
- F•••• F•••••••• P•••••••• L•• · Memberindirect · owns 75% or more of F•••• O••••••••• L••
- F•••• O••••••••• L•• · Member (Manager)indirect · owns 75% or more of C•••••••• G••••• L••
Related persons
Schedule D 7.A
- F•••• R••• S••••••••• L••real estaten
- S•• C•••••• M••••••••• L••investment adviserpooled vehicle sponsornRAUM $49B
Offices
Schedule D 1.F, the 25 largest
- Naples, FL3 employees
- Windham, NH2 employees
What changed
consecutive filings, newest first
- Accounts · 2,518 to 2,552Jun 30, 2022 to Mar 30, 2023
- Advisory employees · 9 to 7Jun 30, 2022 to Mar 30, 2023
- Corporate clients · 11 to 13Jun 30, 2022 to Mar 30, 2023
- HNW clients · 239 to 182Jun 30, 2022 to Mar 30, 2023
- Individual clients · 588 to 623Jun 30, 2022 to Mar 30, 2023
- Pooled vehicle clients · 2 to 1Jun 30, 2022 to Mar 30, 2023
- Assets in custody · $506M to $463MJun 30, 2022 to Mar 30, 2023
- Employees · 17 to 15Jun 30, 2022 to Mar 30, 2023
- State-registered IARs · 8 to 6Jun 30, 2022 to Mar 30, 2023
- Private funds · 2 to 1Jun 30, 2022 to Mar 30, 2023
- Discretionary RAUM · $1.0B to $883MJun 30, 2022 to Mar 30, 2023
- HNW RAUM · $767M to $622MJun 30, 2022 to Mar 30, 2023
- Individual RAUM · $176M to $197MJun 30, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $16.7M to $16.1MJun 30, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $33.6M to $33.9MJun 30, 2022 to Mar 30, 2023
- RAUM · $1.0B to $899MJun 30, 2022 to Mar 30, 2023
- Business name · N•• E•••••• I••••••••• • R••••••••• G•••• to N•••• W••••• M••••••••• L••Mar 30, 2022 to Jun 30, 2022
- Accounts · 2,501 to 2,518Dec 23, 2021 to Mar 30, 2022
- HNW clients · 235 to 239Dec 23, 2021 to Mar 30, 2022
- Individual clients · 593 to 588Dec 23, 2021 to Mar 30, 2022
- Assets in custody · $483M to $506MDec 23, 2021 to Mar 30, 2022
- Financial planning clients · 0 to 251-500Dec 23, 2021 to Mar 30, 2022
- Discretionary RAUM · $937M to $1.0BDec 23, 2021 to Mar 30, 2022
- HNW RAUM · $697M to $767MDec 23, 2021 to Mar 30, 2022
- Individual RAUM · $181M to $176MDec 23, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $18.9M to $16.7MDec 23, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $31.8M to $33.6MDec 23, 2021 to Mar 30, 2022
- RAUM · $956M to $1.0BDec 23, 2021 to Mar 30, 2022
- Advisory activities · 5 to 6Nov 23, 2021 to Dec 23, 2021
- Accounts · 0 to 2,501Sep 24, 2021 to Nov 23, 2021
- Corporate clients · unset to 11.0Sep 24, 2021 to Nov 23, 2021
- HNW clients · unset to 235.0Sep 24, 2021 to Nov 23, 2021
- Individual clients · unset to 593.0Sep 24, 2021 to Nov 23, 2021
- Pooled vehicle clients · unset to 2.0Sep 24, 2021 to Nov 23, 2021
- Assets in custody · unset to 482791992.0Sep 24, 2021 to Nov 23, 2021
- Custody of client assets · false to trueSep 24, 2021 to Nov 23, 2021
- Private funds · unset to 2Sep 24, 2021 to Nov 23, 2021
- Discretionary RAUM · $0 to $937MSep 24, 2021 to Nov 23, 2021
- HNW RAUM · unset to 697463230.0Sep 24, 2021 to Nov 23, 2021
- Individual RAUM · unset to 180756321.0Sep 24, 2021 to Nov 23, 2021
Signals
5 dated events
- 2 advisors left N•••• W••••• M••••••••• L•• (North Andover, MA) for C•••••••• W••••• on the same dayAug 31, 2023 · Team lift-out · derived
- J••• H•• left N•••• W••••• M••••••••• L•• for B••••• H••• A•••••••• L•• (registered 2022-10-25)Sep 30, 2022 · Advisor changed firm · fact
- J••• W••••••• F•••• left N•••• W••••• M••••••••• L•• for M•• I•••••••• S•••••••• L•• (registered 2025-04-22)Sep 20, 2022 · Advisor changed firm · fact
- R••••• M•••••• M••••• left N•••• W••••• M••••••••• L•• for M•••••• L••••• P•••••• F••••• • S•••• I••••••••• (registered 2022-05-13)Jun 3, 2022 · Advisor changed firm · fact
- N•• E•••••• I••••••••• • R••••••••• G•••• filed its initial SEC registration (Form ADV)Sep 24, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- N•••• W••••• M••••••••• L•• · Private Equityshared crd · organization
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