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

P••• P••••• W••••• M•••••••••

Independent wealth managerProvidence, Rhode IslandCRD 332618SEC 801-131283websiteIAPD
Legal name P••• P••••• W••••• M••••••••• L••
Latest filing May 11, 2026
First filing on the tape Sep 11, 2024 · 6 filings
SEC status approved since Oct 9, 2024
RAUM
$105M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
98%
$103M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$105M as of May 11, 2026
Feb 14, 2025$207M then
HNW client RAUM$22.4M as of May 11, 2026
Feb 14, 2025$108M then
State-registered IARs (5.B.3)1 as of May 11, 2026
Feb 14, 20252 then
Employees (5.A)3 as of May 11, 2026
Feb 14, 20254 then
Private funds: no history
RAUM -49% over the last fiscal yearIARs 2 to 1
Practice profile
derived from the filing of May 11, 2026; every figure names its basis
Archetypes, each a printed rule
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$105MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
183derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$831,030derivedHNW RAUM over HNW clients
Average account
$271,340derivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
2.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-49%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-66%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 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
  • 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
  • Individuals$80.2M77%
  • High-net-worth individuals$22.4M21%
  • Charitable organizations$2.1M2.0%
Individual clients
156reported
HNW clients
27reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
386reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.02 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
2 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D•••••••• B••••• S•••• · Chief Compliance Officercontrol
    since 08/2024 · owns less than 5%
  • W•••••••• J•••• E••••• · Membercontrol
    since 08/2024 · owns 50% to 75%
  • D•••••••• B••••• S•••• · Presidentcontrol
    since 06/2016 · owns 75% or more of P••• P••••• W••••• M••••••••• L••
Entity owners
  • P••• P••••• W••••• M••••••••• L•• · Member
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Providence, Ri · principal001
S Dartmouth, Ma001
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Mar 31, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $206,679,179 to $104,737,431, advisors 2 to 1, private clients 543 to 183, offices 1 to 1 (2025-02-14 to 2026-03-31)
    peers: independent wealth managers, $100M to $500M (5,676)
  • client count collapseChange between filings · filing Mar 31, 2026
    individual and HNW clients (Item 5.D) moved from 543.0 to 183.0 (-66.0%) between the annual amendments of 2025-02-14 and 2026-03-31; the peer median change was +3.0% (3309 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,309) · 0.5% percentile
  • RAUM down 25 %Change between filings · filing Mar 31, 2026
    RAUM (Item 5.F) moved from $206,679,179 to $104,737,431 (-49.0%) between the annual amendments of 2025-02-14 and 2026-03-31; the peer median change was +15.0% (4550 comparable advisers, 1.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,550) · 0.6% percentile
  • account count collapseChange between filings · filing Mar 31, 2026
    accounts (Item 5.F.2.f) moved from 935.0 to 386.0 (-59.0%) between the annual amendments of 2025-02-14 and 2026-03-31; the peer median change was +5.0% (3687 comparable advisers, 2.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,687) · 2.3% percentile
  • HNW share shiftChange between filings · filing Mar 31, 2026
    HNW share of RAUM moved from 52.0% to 21.0% between the annual amendments of 2025-02-14 and 2026-03-31
    peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 935 to 386
    Oct 24, 2025 to Mar 31, 2026
  • Advisory employees · 2 to 1
    Oct 24, 2025 to Mar 31, 2026
  • BD registered reps · 1 to 0
    Oct 24, 2025 to Mar 31, 2026
  • HNW clients · 69 to 27
    Oct 24, 2025 to Mar 31, 2026
  • Individual clients · 474 to 156
    Oct 24, 2025 to Mar 31, 2026
  • Employees · 4 to 3
    Oct 24, 2025 to Mar 31, 2026
  • Insurance-licensed employees · 1 to 0
    Oct 24, 2025 to Mar 31, 2026
  • Financial planning clients · 0 to 26-50
    Oct 24, 2025 to Mar 31, 2026
  • State-registered IARs · 2 to 1
    Oct 24, 2025 to Mar 31, 2026
  • Other offices · 2 to 1
    Oct 24, 2025 to Mar 31, 2026
  • Discretionary RAUM · $207M to $99.9M
    Oct 24, 2025 to Mar 31, 2026
  • HNW RAUM · $108M to $22.4M
    Oct 24, 2025 to Mar 31, 2026
  • Individual RAUM · $98.7M to $80.2M
    Oct 24, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $0 to $4.8M
    Oct 24, 2025 to Mar 31, 2026
  • RAUM · $207M to $105M
    Oct 24, 2025 to Mar 31, 2026
  • BD registered reps · 0 to 1
    Feb 14, 2025 to Oct 24, 2025
  • Insurance-licensed employees · 2 to 1
    Feb 14, 2025 to Oct 24, 2025
  • Financial planning clients · 0 to 0
    Feb 14, 2025 to Oct 24, 2025
  • Other offices · 1 to 2
    Feb 14, 2025 to Oct 24, 2025
  • Accounts · 0 to 935
    Oct 9, 2024 to Feb 14, 2025
  • HNW clients · unset to 69.0
    Oct 9, 2024 to Feb 14, 2025
  • Individual clients · unset to 474.0
    Oct 9, 2024 to Feb 14, 2025
  • Other offices · 0 to 1
    Oct 9, 2024 to Feb 14, 2025
  • Discretionary RAUM · $0 to $207M
    Oct 9, 2024 to Feb 14, 2025
  • HNW RAUM · unset to 108028104.0
    Oct 9, 2024 to Feb 14, 2025
  • Individual RAUM · unset to 98651075.0
    Oct 9, 2024 to Feb 14, 2025
  • RAUM · $0 to $207M
    Oct 9, 2024 to Feb 14, 2025
  • Financial planning clients · unset to 0
    Sep 11, 2024 to Oct 9, 2024
Signals
4 dated events
  • B•••• S•••• D••••••• left P••• P••••• W••••• M••••••••• for Savvy (registered 2026-07-31)
    Sep 2, 2026 · Advisor changed firm · fact
  • P••• P••••• W••••• M••••••••• reported RAUM $104.7M, down 49% from $206.7M (2025-10-24 to 2026-03-31)
    Mar 31, 2026 · RAUM change · derived
  • J••• E••••• W••••••• left P••• P••••• W••••• M••••••••• for C•••••• R••••••••• • W•••••• L•• (registered 2025-09-17)
    Dec 3, 2025 · Advisor changed firm · fact
  • P••• P••••• W••••• M••••••••• filed its initial SEC registration (Form ADV)
    Sep 11, 2024 · 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
Principal office phone
401-228-8258reportedpublic record, Form ADV, Oct 9, 2024
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
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026