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

B••••••• A•••••• G••••

Independent wealth managerAlbany, New YorkCRD 324281SEC 801-127086websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Nov 22, 2022 · 16 filings
SEC status approved since Dec 21, 2022
RAUM
$215M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
94%
$203M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$107M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$215M as of Mar 31, 2026
Mar 21, 2023$0 then
HNW client RAUM$137M as of Mar 31, 2026
Mar 21, 2023$0 then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 21, 20233 then
Employees (5.A)4 as of Mar 31, 2026
Mar 21, 20234 then
Private funds: no history
RAUM +29% over the last fiscal yearIARs 4 to 3
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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$107MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
158derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$669,542derivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
5.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+29%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
+25%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$137M64%
  • Individuals$65.6M31%
  • Pension and profit-sharing plans$11.2M5.2%
  • Corporations and businesses$936,6770.4%
Individual clients
244reported
HNW clients
71reported
Pension plan clients
5reported
Charitable clients
0reported
Accounts
321reported
Financial planning clients
51-100reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.94 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J•••• M•••••• S••••Albany, NyDec 22, 202221 y1
J••• F•••••• M•••••••Albany, NyFeb 11, 202532 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • S••••• J••••• M•••••• · Managing Partner And Chief Compliance Officercontrol
    since 10/2022 · owns 50% to 75%
  • S••••• M••••••• A•••••• · Managing Partnercontrol
    since 10/2022 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Albany, Ny · principal200
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • account count collapseChange between filings · filing Mar 31, 2026
    accounts (Item 5.F.2.f) moved from 644.0 to 321.0 (-50.0%) between the annual amendments of 2025-03-24 and 2026-03-31; the peer median change was +5.0% (3687 comparable advisers, 3.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,687) · 3.0% percentile
What changed
consecutive filings, newest first
  • Accounts · 644 to 321
    Jan 12, 2026 to Mar 31, 2026
  • HNW clients · 46 to 71
    Jan 12, 2026 to Mar 31, 2026
  • Individual clients · 205 to 244
    Jan 12, 2026 to Mar 31, 2026
  • Pension plan clients · 4 to 5
    Jan 12, 2026 to Mar 31, 2026
  • Financial planning clients · 101-250 to 51-100
    Jan 12, 2026 to Mar 31, 2026
  • Discretionary RAUM · $154M to $204M
    Jan 12, 2026 to Mar 31, 2026
  • HNW RAUM · $81.8M to $137M
    Jan 12, 2026 to Mar 31, 2026
  • Individual RAUM · $63.8M to $65.6M
    Jan 12, 2026 to Mar 31, 2026
  • Non-discretionary RAUM · $12.9M to $11.2M
    Jan 12, 2026 to Mar 31, 2026
  • Pension RAUM · $19.9M to $11.2M
    Jan 12, 2026 to Mar 31, 2026
  • RAUM · $167M to $215M
    Jan 12, 2026 to Mar 31, 2026
  • Advisory employees · 4 to 3
    Jun 11, 2025 to Jan 12, 2026
  • Business name · S•••• W••••• to B••••••• A•••••• G••••
    Jun 11, 2025 to Jan 12, 2026
  • Employees · 5 to 4
    Jun 11, 2025 to Jan 12, 2026
  • State-registered IARs · 4 to 3
    Jun 11, 2025 to Jan 12, 2026
  • Legal name · B••••••• A•••••• G••••• L•• to B••••••• A•••••• G••••
    Jun 11, 2025 to Jan 12, 2026
  • Financial planning clients · 101-250 to 101-250
    Mar 24, 2025 to Jun 11, 2025
  • Accounts · 443 to 644
    Feb 21, 2025 to Mar 24, 2025
  • HNW clients · 40 to 46
    Feb 21, 2025 to Mar 24, 2025
  • Individual clients · 176 to 205
    Feb 21, 2025 to Mar 24, 2025
  • Discretionary RAUM · $82.8M to $154M
    Feb 21, 2025 to Mar 24, 2025
  • HNW RAUM · $43.8M to $81.8M
    Feb 21, 2025 to Mar 24, 2025
  • Individual RAUM · $32.0M to $63.8M
    Feb 21, 2025 to Mar 24, 2025
  • Non-discretionary RAUM · $9.2M to $12.9M
    Feb 21, 2025 to Mar 24, 2025
  • Pension RAUM · $15.7M to $19.9M
    Feb 21, 2025 to Mar 24, 2025
  • RAUM · $91.9M to $167M
    Feb 21, 2025 to Mar 24, 2025
  • Advisory employees · 3 to 4
    Apr 8, 2024 to Feb 21, 2025
  • Employees · 4 to 5
    Apr 8, 2024 to Feb 21, 2025
  • State-registered IARs · 3 to 4
    Apr 8, 2024 to Feb 21, 2025
  • Accounts · 291 to 443
    Dec 13, 2023 to Mar 20, 2024
  • Business name · B••••••• A•••••• G••••• L•• to S•••• W•••••
    Dec 13, 2023 to Mar 20, 2024
  • HNW clients · 35 to 40
    Dec 13, 2023 to Mar 20, 2024
  • Individual clients · 120 to 176
    Dec 13, 2023 to Mar 20, 2024
  • Pension plan clients · 1 to 4
    Dec 13, 2023 to Mar 20, 2024
  • Financial planning clients · 0 to 101-250
    Dec 13, 2023 to Mar 20, 2024
  • Discretionary RAUM · $65.1M to $82.8M
    Dec 13, 2023 to Mar 20, 2024
  • HNW RAUM · $31.8M to $43.8M
    Dec 13, 2023 to Mar 20, 2024
  • Individual RAUM · $27.5M to $32.0M
    Dec 13, 2023 to Mar 20, 2024
  • Non-discretionary RAUM · $0 to $9.2M
    Dec 13, 2023 to Mar 20, 2024
  • Pension RAUM · $5.3M to $15.7M
    Dec 13, 2023 to Mar 20, 2024
Signals
2 dated events
  • T•••• W•••••• R••• left B••••••• A•••••• G•••• for D•••• A•••• C••••••••• (registered 2025-06-06)
    Jul 1, 2025 · a•••••• firm change · fact
  • B••••••• A•••••• G••••• L•• filed its initial SEC registration (Form ADV)
    Nov 22, 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
info@broadwayadvisorgroup.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
michael@broadwayadvisorgroup.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
518-477-3626reportedpublished by the firm, firm site, Sep 16, 2026
Website
broadwayadvisorgroup.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
518-477-3626reportedpublic record, Form ADV, Mar 31, 2026
Contact form
broadwayadvisorgroup.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
Team page
broadwayadvisorgroup.com/teamreportedpublished by the firm, firm site, Sep 16, 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
$107Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026