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

S••••• P•••••••

Independent wealth managerPortsmouth, New HampshireCRD 42179SEC 801-55630websiteIAPD
Legal name S••••• P•••••••• L••
Latest filing May 6, 2026
First filing on the tape Nov 21, 2011 · 29 filings
SEC status approved since Jun 19, 1998
RAUM
$187M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$187M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$46.8M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$187M as of May 6, 2026
Feb 3, 2012$118M then
HNW client RAUM$64.4M as of May 6, 2026
Feb 26, 2018$26.7M then
State-registered IARs (5.B.3)4 as of May 6, 2026
Feb 3, 20120 then
Employees (5.A)5 as of May 6, 2026
Feb 26, 20136 then
Private funds: no history
RAUM +10% over the last fiscal year+7.1% a year over threeIARs 6 to 4
Practice profile
derived from the filing of May 6, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • 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
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$46.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
132derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.4MderivedHNW RAUM over HNW clients
Average account
$221,057derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+10%derivedbetween the last two annual amendments
Advisor growth, one year
-33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.7%derived
Compensation
percentage of assets, hourly, fixed fees, commissionsreportedItem 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
  • is a broker-dealer (6.A.1)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$123M66%
  • High-net-worth individuals$64.4M34%
Individual clients
510reported
HNW clients
19reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
846reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, commissionsreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
E••••• J••• M•••••Certified Financial PlannerPortsmouth, NhJun 20, 199735 y0
J••••••• M••• S••••Portsmouth, NhJun 14, 200622 y1
L••• A••• D••••Certified Financial PlannerPortsmouth, NhNov 16, 200728 y0
J••••• D••• F•••Portsmouth, Nh Jul 24, 201226 y0
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 headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • M•••••• E••••• J••• J• · President/T••••••control
    since 10/1990 · owns less than 5%
  • D••••• L••• A••• · Executive Officer
    since 05/2006 · owns less than 5%
  • G••••••• K•••• M•••• · Finop
    since 10/2008 · owns less than 5%
  • S••••• J••••••• M••• · Chief Compliance Officer
    since 02/2007 · owns less than 5%
Entity owners
  • E••••• J• M••••• R•••••••• T••••• E••••• J• M••••• T•••••• · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Portsmouth, Nh · principal400
Offices
Schedule D 1.F, the 25 largest
  • Portsmouth, NH2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • advisor count dropChange between filings · filing Mar 26, 2026
    advisory representatives (Item 5.B.3) moved from 6.0 to 4.0 (-33.0%) between the annual amendments of 2025-01-29 and 2026-03-26; the peer median change was 0.0% (965 comparable advisers, 4.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (965) · 4.1% percentile
What changed
consecutive filings, newest first
  • Accounts · 868 to 846
    Jan 29, 2025 to Mar 26, 2026
  • Advisory employees · 6 to 3
    Jan 29, 2025 to Mar 26, 2026
  • HNW clients · 13 to 19
    Jan 29, 2025 to Mar 26, 2026
  • Individual clients · 502 to 510
    Jan 29, 2025 to Mar 26, 2026
  • Employees · 6 to 5
    Jan 29, 2025 to Mar 26, 2026
  • State-registered IARs · 6 to 4
    Jan 29, 2025 to Mar 26, 2026
  • Discretionary RAUM · $169M to $187M
    Jan 29, 2025 to Mar 26, 2026
  • HNW RAUM · $49.9M to $64.4M
    Jan 29, 2025 to Mar 26, 2026
  • Individual RAUM · $119M to $123M
    Jan 29, 2025 to Mar 26, 2026
  • RAUM · $169M to $187M
    Jan 29, 2025 to Mar 26, 2026
  • Accounts · 822 to 868
    Jul 30, 2024 to Jan 29, 2025
  • Advisory employees · 4 to 6
    Jul 30, 2024 to Jan 29, 2025
  • BD registered reps · 6 to 5
    Jul 30, 2024 to Jan 29, 2025
  • HNW clients · 47 to 13
    Jul 30, 2024 to Jan 29, 2025
  • Individual clients · 480 to 502
    Jul 30, 2024 to Jan 29, 2025
  • Financial planning clients · 1-10 to 1-10
    Jul 30, 2024 to Jan 29, 2025
  • State-registered IARs · 5 to 6
    Jul 30, 2024 to Jan 29, 2025
  • Discretionary RAUM · $163M to $169M
    Jul 30, 2024 to Jan 29, 2025
  • HNW RAUM · $48.2M to $49.9M
    Jul 30, 2024 to Jan 29, 2025
  • Individual RAUM · $115M to $119M
    Jul 30, 2024 to Jan 29, 2025
  • RAUM · $163M to $169M
    Jul 30, 2024 to Jan 29, 2025
  • Accounts · 927 to 822
    Mar 1, 2023 to Mar 13, 2024
  • HNW clients · 25 to 47
    Mar 1, 2023 to Mar 13, 2024
  • Individual clients · 902 to 480
    Mar 1, 2023 to Mar 13, 2024
  • Discretionary RAUM · $152M to $163M
    Mar 1, 2023 to Mar 13, 2024
  • HNW RAUM · $38.6M to $48.2M
    Mar 1, 2023 to Mar 13, 2024
  • Individual RAUM · $114M to $115M
    Mar 1, 2023 to Mar 13, 2024
  • RAUM · $152M to $163M
    Mar 1, 2023 to Mar 13, 2024
  • Accounts · 896 to 927
    Feb 17, 2022 to Mar 1, 2023
  • HNW clients · 24 to 25
    Feb 17, 2022 to Mar 1, 2023
  • Individual clients · 444 to 902
    Feb 17, 2022 to Mar 1, 2023
  • Discretionary RAUM · $177M to $152M
    Feb 17, 2022 to Mar 1, 2023
  • HNW RAUM · $50.3M to $38.6M
    Feb 17, 2022 to Mar 1, 2023
  • Individual RAUM · $124M to $114M
    Feb 17, 2022 to Mar 1, 2023
  • RAUM · $177M to $152M
    Feb 17, 2022 to Mar 1, 2023
  • Accounts · 892 to 896
    Mar 4, 2021 to Feb 17, 2022
  • Advisory employees · 5 to 4
    Mar 4, 2021 to Feb 17, 2022
  • HNW clients · 29 to 24
    Mar 4, 2021 to Feb 17, 2022
  • Individual clients · 411 to 444
    Mar 4, 2021 to Feb 17, 2022
  • Discretionary RAUM · $161M to $177M
    Mar 4, 2021 to Feb 17, 2022
Signals
1 dated events
  • S••••• P•••••••• I••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
    Apr 11, 2019 · Succession (Item 4) · 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
H••••://WWW.LINKEDIN.COM/COMPANY/27217615reportedpublic record, Form ADV, Sep 18, 2026
Website
S•••••P•••••••INC.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
603-433-5515reportedpublic record, Form ADV, May 6, 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
$46.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026