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•••••• M••••••••• U• I•••
Latest filing Mar 27, 2026
First filing on the tape Jun 30, 2023 · 9 filings
SEC status approved since Aug 8, 2023
RAUM
$12B
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
13
13 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$12B as of Mar 27, 2026
Mar 27, 2024$5.7B then
HNW client RAUM$0 as of Mar 27, 2026
Mar 27, 2024$0 then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 27, 20240 then
Employees (5.A)13 as of Mar 27, 2026
Mar 27, 20247 then
Private funds: no history
RAUM +71% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 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
- $215MderivedRAUM 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
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +71%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 assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$12B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 54reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
- B•••••••• S•••••••• N•• · Chief Financial Officercontrolsince 10/2020 · owns less than 5%
- F••••• J••••••• N•• · Chairmancontrolsince 10/2020 · owns less than 5%
- M•••••••• T••••••• Z•••• · Vice-Presidentcontrolsince 10/2020 · owns less than 5%
- T•••••••• P•••••• N•• · Chief Executive Officercontrolsince 10/2020 · owns less than 5%
- T•••••••• J••••••• •••• · Chief Compliance Officercontrolsince 01/2024 · owns less than 5%
Entity owners
- N•••••• M••••••••• I••• · Shareholderdirect · owns 75% or more
- N•••••• F••• M••••••••• I••• · Shareholderindirect · owns 75% or more of N•••••• M••••••••• I•••
Related persons
Schedule D 7.A
- N•••••• Management Financial Services Inc.investment adviserpooled vehicle sponsornRAUM $835M
- N•••••• M••••••••• I•••investment adviserpooled vehicle sponsoryRAUM $13B
- N•••••• M••••••••• I••••••••• I••• L•••investment adviserpooled vehicle sponsorn
- N•••••• M••••••••• T••••••••• I••• L•••investment adviserpooled vehicle sponsorn
- N•••••• P•••••••• L•••investment adviserpooled vehicle sponsorn
Advisers that list N•••••• M••••••••• U• I••• as a related person
Offices
Schedule D 1.F, the 25 largest
- New-York, NY7 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 27, 2026RAUM (Item 5.F) moved from $6,785,117,355 to $11,605,346,149 (+71.0%) between the annual amendments of 2025-03-26 and 2026-03-27; the peer median change was +13.0% (631 comparable advisers, 91.0th percentile of changes)peers: asset managers, $5B to $20B (631) · 91% percentile
What changed
consecutive filings, newest first
- Accounts · 43 to 54Feb 3, 2026 to Mar 27, 2026
- Advisory employees · 8 to 13Feb 3, 2026 to Mar 27, 2026
- Pooled vehicle clients · 43 to 54Feb 3, 2026 to Mar 27, 2026
- Employees · 9 to 13Feb 3, 2026 to Mar 27, 2026
- Discretionary RAUM · $6.8B to $12BFeb 3, 2026 to Mar 27, 2026
- Pooled vehicle RAUM · $6.8B to $12BFeb 3, 2026 to Mar 27, 2026
- RAUM · $6.8B to $12BFeb 3, 2026 to Mar 27, 2026
- Accounts · 33 to 43Jul 11, 2024 to Mar 26, 2025
- Advisory employees · 7 to 8Jul 11, 2024 to Mar 26, 2025
- Pooled vehicle clients · 33 to 43Jul 11, 2024 to Mar 26, 2025
- Employees · 7 to 9Jul 11, 2024 to Mar 26, 2025
- Financial planning clients · unset to Jul 11, 2024 to Mar 26, 2025
- HQ state · unset to Jul 11, 2024 to Mar 26, 2025
- Discretionary RAUM · $5.7B to $6.8BJul 11, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $5.7B to $6.8BJul 11, 2024 to Mar 26, 2025
- RAUM · $5.7B to $6.8BJul 11, 2024 to Mar 26, 2025
- Accounts · 26 to 33Feb 7, 2024 to Mar 27, 2024
- Advisory employees · 5 to 7Feb 7, 2024 to Mar 27, 2024
- Pooled vehicle clients · 26 to 33Feb 7, 2024 to Mar 27, 2024
- Employees · 5 to 7Feb 7, 2024 to Mar 27, 2024
- Discretionary RAUM · $5.2B to $5.7BFeb 7, 2024 to Mar 27, 2024
- Pooled vehicle RAUM · $5.2B to $5.7BFeb 7, 2024 to Mar 27, 2024
- RAUM · $5.2B to $5.7BFeb 7, 2024 to Mar 27, 2024
- HQ city · NEW YORK to BROSSARD, QUEBECJul 24, 2023 to Aug 8, 2023
- HQ state · NY to unsetJul 24, 2023 to Aug 8, 2023
- Other offices · 0 to 1Jul 24, 2023 to Aug 8, 2023
Signals
4 dated events
- N•••••• M••••••••• U• I••• reported RAUM $11.6B, up 71% from $6.8B (2026-02-03 to 2026-03-27)Mar 27, 2026 · RAUM change · derived
- (Nmn) Josiane Turcotte (Chief Compliance Officer) appeared on Schedule A of N•••••• M••••••••• U• I•••Feb 7, 2024 · Control person joined · fact
- Bruno-Etienne Duguay (Chief Compliance Officer) no longer on Schedule A of N•••••• M••••••••• U• I••• (listed 2023-06-30, absent 2023-07-24)Jul 24, 2023 · Control person left · inference
- N•••••• M••••••••• U• I••• filed its initial SEC registration (Form ADV)Jun 30, 2023 · 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
- ca.linkedin.com/company/novacapreportedpublic record, Form ADV, Sep 18, 2026
- Website
- n•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 1-450-651-5000reportedpublic record, Form ADV, Mar 27, 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