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
Arborstone Financial, LLC
Latest filing May 6, 2026
First filing on the tape Jan 6, 2026 · 3 filings
SEC status approved since Jan 6, 2026
RAUM
$476M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$475M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$119M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
3 filings and snapshots on the tape
RAUM$476M as of May 6, 2026
Jan 6, 2026$0 then
HNW client RAUM: $311M
State-registered IARs (5.B.3)4 as of May 6, 2026
Jan 6, 20264 then
Employees (5.A)5 as of May 6, 2026
Jan 6, 20265 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of May 6, 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
- RAUM per advisor
- $119MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 282derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.0MderivedHNW RAUM over HNW clients
- Average account
- $289,362derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween 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, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 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
- High-net-worth individuals$311M65%
- Individuals$164M34%
- Pension and profit-sharing plans$1.1M0.2%
- Individual clients
- 976reported
- HNW clients
- 153reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,645reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Justin GaudinoCertified Financial Planner | Andover, Ma | Jan 6, 2026 | 10 y | 3 |
| William A GaudinoCertified Financial Planner | Andover, Ma | Jan 6, 2026 | 34 y | 1 |
| Jeffrey Kevin KutzCertified Financial Planner, Chartered Financial Analyst | Andover, Ma | Jan 6, 2026 | 33 y | 1 |
| Sean Joseph ConnollyCertified Financial Planner | Andover, Ma | Jan 6, 2026 | 31 y | 0 |
Advisor movement
0 left, 3 joined in 12 months
net +3 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- William A Gaudino from Ameriprise Financial Services, LLCJan 6, 2026 · Affiliated broker-dealer or bank to a newly registered adviser
- Jeffrey Kevin Kutz from Ameriprise Financial Services, LLCJan 6, 2026 · Affiliated broker-dealer or bank to a newly registered adviser
- Justin Gaudino from Ameriprise Financial Services, LLCJan 6, 2026 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Ameriprise Financial Services, LLCJan 9, 2026 · North Andover, Ma
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Robert Justin Gaudino · Financial Advisor And Chief Compliance Officercontrolsince 08/2025 · owns 10% to 25%
- Albert William Gaudino · Partnercontrolsince 08/2025 · owns 25% to 50%
- Kevin Jeffrey Kutz · Partner And Senior Financial Advisorcontrolsince 08/2025 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Andover, Ma · principal | 4 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually high clients per advisorStatic outlier · filing May 6, 2026private clients per advisor of 282.2 against a peer median of 57.3 (3075 comparable advisers, 99.0th percentile, 6.4 robust deviations)peers: independent wealth managers, $100M to $500M (3,075) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 0 to 1,645Feb 3, 2026 to May 6, 2026
- BD registered reps · 4 to 0Feb 3, 2026 to May 6, 2026
- HNW clients · unset to 153.0Feb 3, 2026 to May 6, 2026
- Individual clients · unset to 976.0Feb 3, 2026 to May 6, 2026
- Discretionary RAUM · $0 to $476MFeb 3, 2026 to May 6, 2026
- HNW RAUM · unset to 311000000.0Feb 3, 2026 to May 6, 2026
- Individual RAUM · unset to 163900000.0Feb 3, 2026 to May 6, 2026
- Pension RAUM · unset to 1100000.0Feb 3, 2026 to May 6, 2026
- RAUM · $0 to $476MFeb 3, 2026 to May 6, 2026
Signals
1 dated events
- 3 advisors left Ameriprise Financial Services, LLC (North Andover, MA) for Arborstone Financial, LLC within 3 daysJan 9, 2026 · Team lift-out · derived
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@arborstonefinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 978-269-6344reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- arborstonefinancial.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 978-269-6344reportedpublic record, Form ADV, May 6, 2026
- Contact form
- arborstonefinancial.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- arborstonefinancial.com/our-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
- $119Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026