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.
SEC-registered adviser
Armstrong Advisory Group Inc.
Latest filing Jul 10, 2026
First filing on the tape Mar 9, 2022 · 47 filings
SEC status approved since Apr 8, 2022
RAUM
$1.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$1.7B individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$119M
derived; firm RAUM over IAPD count
Employees
22
10 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
0
reported on Schedule D
History
47 filings and snapshots on the tape
RAUM$1.7B as of Jul 10, 2026
Jan 31, 2023$1.0B then
HNW client RAUM$1.4B as of Jul 10, 2026
Jan 31, 2023$793M then
State-registered IARs (5.B.3)10 as of Jul 10, 2026
Jan 31, 202311 then
Employees (5.A)22 as of Jul 10, 2026
Jan 31, 202325 then
Private funds: no history
RAUM +16% over the last fiscal year+18% a year over threeIARs 10 to 10offices 12 to 11
Practice profile
derived from the filing of Jul 10, 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
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $119MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 106derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $409,771derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 1.2derived12 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.1%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
- Wrap fee program
- $1.7BreportedItem 5.I
- Custody
- $1.2B, 2,030 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)
- compensates persons for client referrals (8.G.1)
- 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$1.4B85%
- Individuals$252M15%
- Corporations and businesses$2.9M0.2%
- Charitable organizations$1.7M0.1%
- Individual clients
- 748reported
- HNW clients
- 741reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 4,071reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $1.2B for 2,030 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Susan Dawn Powers | Cranston, Ri | Apr 28, 2022 | 20 y | 2 |
| Leonid Berline | Needham, Ma | Apr 28, 2022 | 25 y | 4 |
| Andrew Rudolph HaffCertified Financial Planner | Needham, Ma | Apr 28, 2022 | 11 y | 1 |
| Scott Everett Wilson | Bedford, Nh | Apr 29, 2022 | 21 y | 4 |
| Brendan Kevin Hayes | Needham, Ma | May 3, 2022 | 24 y | 1 |
| Michael Sargent Armstrong | Portsmouth, Nh | May 3, 2022 | 13 y | 1 |
| Paul Michael LaneCertified Financial Planner | Needham, Ma | May 3, 2022 | 13 y | 3 |
| Charles Zodda | Needham, Ma | May 3, 2022 | 16 y | 1 |
| Marc Alan FandettiCertified Financial Planner, Chartered Financial Analyst | Needham, Ma | May 16, 2022 | 28 y | 2 |
| Matthew Ryan SczurekCertified Financial Planner | Wallingford, Ct | Aug 2, 2023 | 10 y | 1 |
| Cash Patterson ArmstrongCertified Financial Planner | Needham, Ma | May 1, 2024 | 10 y | 0 |
| Michael Richard Bradley | Needham, Ma | Aug 5, 2024 | 18 y | 0 |
| Michele Christine Cropley | Needham, Ma | Feb 20, 2025 | 27 y | 0 |
| William Kurtz O'Connor | Needham, Ma | Dec 10, 2025 | 10 y | 2 |
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 7.1% of current headcount2 left over 36 months
Left, latest
- Mark Stuart Schaffer to Madison PartnersJul 3, 2026 · RIA to RIA
- Lisa Faith Vaillancourt to LPL Financial LLCJan 17, 2024 · RIA to affiliated broker-dealer or bank
- Daniel Yusup to Strategic Advisers LLCAug 13, 2022 · RIA to affiliated broker-dealer or bank
Joined, latest
- William Kurtz O'Connor from LPL Enterprise, LLCDec 10, 2025 · Affiliated broker-dealer or bank to independent RIA
- Matthew Ryan Sczurek from New England Capital Financial Advisors LLCAug 2, 2023 · RIA to RIA
- Marc Alan Fandetti from Morgan StanleyMay 16, 2022 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Mark Stuart Schaffer from Securities America Advisors, Inc.May 3, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Charles Zodda from Securities America Advisors, Inc.May 3, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Michael Sargent Armstrong from Securities America Advisors, Inc.May 3, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Paul Michael Lane from Securities America Advisors, Inc.May 3, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Brendan Kevin Hayes from Securities America Advisors, Inc.May 3, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Scott Everett Wilson from Securities America Advisors, Inc.Apr 29, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Lisa Faith Vaillancourt from Securities America Advisors, Inc.Apr 28, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Susan Dawn Powers from Securities America Advisors, Inc.Apr 28, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Leonid Berline from B. Riley Wealth Advisors, Inc.Apr 28, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
- Andrew Rudolph Haff from Securities America Advisors, Inc.Apr 28, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 7 joined from Securities America Advisors, Inc.Jun 1, 2022 · Needham, Ma
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Sargent Michael Armstrong · President / Senior Managing Partnercontrolsince 02/2022 · owns 50% to 75%
- Leonid Berline · Chief Compliance Officercontrolsince 02/2022 · owns less than 5%
- Kevin Brendan Hayes · Managing Partner, Financial Advisorcontrolsince 02/2022 · owns 10% to 25%
- Dawn Susan Powers · Managing Partner, Financial Advisorcontrolsince 02/2022 · owns 10% to 25%
- Everett Scott Wilson · Managing Partner. Financial Advisor.controlsince 01/2024 · owns less than 5%
- Charles Zodda · Managing Partner, Chief Investment Officercontrolsince 02/2022 · owns 10% to 25%
Related persons
Schedule D 7.A
- Armstrong Insurance Group, Inc.real estatey
- B1 Insurance Agency, LLCreal estatey
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Needham, Ma · principal | 13 | 1 | 0 | ||
| Portsmouth, Nh | 3 | 0 | 0 | ||
| Cranston, Ri | 2 | 0 | 0 | ||
| Washougal, Wa | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Portsmouth (Newington), NH2 employees
- Bedford, NH2 employees
- Cranston, RI1 employees
- Hyannis, MA1 employees
- Longmeadow, MA1 employees
- Portland, ME1 employees
- Portland, ME1 employees
- Wallingford, CT1 employees
- Westboro, MA1 employees
- Woburn, MA1 employees
- Braintree, MA1 employees
What changed
consecutive filings, newest first
- Other offices · 12 to 11Mar 4, 2026 to Jul 10, 2026
- Accounts · 3,841 to 4,071Jan 6, 2026 to Mar 4, 2026
- Corporate clients · 1 to 3Jan 6, 2026 to Mar 4, 2026
- HNW clients · 645 to 741Jan 6, 2026 to Mar 4, 2026
- Individual clients · 772 to 748Jan 6, 2026 to Mar 4, 2026
- Assets in custody · $1.0B to $1.2BJan 6, 2026 to Mar 4, 2026
- Discretionary RAUM · $1.4B to $1.7BJan 6, 2026 to Mar 4, 2026
- HNW RAUM · $1.2B to $1.4BJan 6, 2026 to Mar 4, 2026
- Individual RAUM · $269M to $252MJan 6, 2026 to Mar 4, 2026
- Non-discretionary RAUM · $2.6M to $3.1MJan 6, 2026 to Mar 4, 2026
- RAUM · $1.4B to $1.7BJan 6, 2026 to Mar 4, 2026
- Financial planning clients · 251-500 to 251-500Apr 10, 2025 to May 13, 2025
- Other offices · 11 to 12Mar 5, 2025 to Apr 10, 2025
- Accounts · 3,684 to 3,841Oct 9, 2024 to Mar 5, 2025
- HNW clients · 559 to 645Oct 9, 2024 to Mar 5, 2025
- Individual clients · 810 to 772Oct 9, 2024 to Mar 5, 2025
- Assets in custody · $598M to $1.0BOct 9, 2024 to Mar 5, 2025
- Discretionary RAUM · $1.2B to $1.4BOct 9, 2024 to Mar 5, 2025
- HNW RAUM · $938M to $1.2BOct 9, 2024 to Mar 5, 2025
- Individual RAUM · $280M to $269MOct 9, 2024 to Mar 5, 2025
- Non-discretionary RAUM · $2.3M to $2.6MOct 9, 2024 to Mar 5, 2025
- RAUM · $1.2B to $1.4BOct 9, 2024 to Mar 5, 2025
- Other offices · 9 to 11May 21, 2024 to Jun 3, 2024
- Accounts · 3,386 to 3,684Jan 19, 2024 to Feb 8, 2024
- Advisory employees · 11 to 10Jan 19, 2024 to Feb 8, 2024
- Advisory activities · 2 to 3Jan 19, 2024 to Feb 8, 2024
- Corporate clients · 2 to 1Jan 19, 2024 to Feb 8, 2024
- HNW clients · 566 to 559Jan 19, 2024 to Feb 8, 2024
- Individual clients · 737 to 810Jan 19, 2024 to Feb 8, 2024
- Assets in custody · $449M to $598MJan 19, 2024 to Feb 8, 2024
- Employees · 25 to 22Jan 19, 2024 to Feb 8, 2024
- State-registered IARs · 11 to 10Jan 19, 2024 to Feb 8, 2024
- Discretionary RAUM · $1.0B to $1.2BJan 19, 2024 to Feb 8, 2024
- HNW RAUM · $793M to $938MJan 19, 2024 to Feb 8, 2024
- Individual RAUM · $224M to $280MJan 19, 2024 to Feb 8, 2024
- Non-discretionary RAUM · $1.9M to $2.3MJan 19, 2024 to Feb 8, 2024
- RAUM · $1.0B to $1.2BJan 19, 2024 to Feb 8, 2024
- Accounts · 2,562 to 3,386Oct 17, 2022 to Jan 31, 2023
- Advisory employees · 8 to 11Oct 17, 2022 to Jan 31, 2023
- Charity clients · unset to 2.0Oct 17, 2022 to Jan 31, 2023
Signals
8 dated events
- Mark Stuart Schaffer left Armstrong Advisory Group Inc. for Madison Partners (registered 2026-08-14)Jul 3, 2026 · Advisor changed firm · fact
- Everett Scott Wilson (Managing Partner. Financial Advisor.) appeared on Schedule A of Armstrong Advisory Group Inc.Feb 8, 2024 · Control person joined · fact
- Lisa Faith Vaillancourt left Armstrong Advisory Group Inc. for Lpl Financial Llc (registered 2024-01-24)Jan 17, 2024 · Advisor changed firm · fact
- Daniel Yusup left Armstrong Advisory Group Inc. for Strategic Advisers Llc (registered 2024-06-10)Aug 13, 2022 · Advisor changed firm · fact
- Armstrong Advisory Group Inc. reported RAUM $889.1M, up 50% from $594.1M (2022-08-08 to 2022-08-11)Aug 11, 2022 · RAUM change · derived
- Armstrong Advisory Group Inc. reported RAUM $594.1M, up 234% from $177.8M (2022-06-28 to 2022-07-18)Jul 18, 2022 · RAUM change · derived
- 7 advisors left Securities America Advisors, Inc. (Needham, MA) for Armstrong Advisory Group Inc. within 2 daysJun 1, 2022 · Team lift-out · derived
- Armstrong Advisory Group Llc filed its initial SEC registration (Form ADV)Mar 9, 2022 · 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
- Business email
- contact@armstrongadvisory.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 781-433-0001reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/armstrong-advisory-group/posts/?feedViereportedpublic record, Form ADV, Sep 17, 2026
- Website
- armstrongadvisory.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (781) 433-0001reportedpublic record, Form ADV, Jul 10, 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
- $119Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026