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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

IFRAH FINANCIAL SERVICES, INC.

CRD 136925

LITTLE ROCK, AR

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:27f4f6a4-34de-d8a1-0d57-871b3b1bc4bb

Data as of Feb 3, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 1:20 AM UTC and rebuilt at most every 15 minutes.

Relationships: 15
Dated events: 0
On other graphs: 0
Observed: Mar 2, 2012 to Feb 3, 2026
34 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.9 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $489MItem 5.F on the latest filing (2026-02-03); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $442M
Private client RAUM: $442MderivedItem 5.D individuals plus high net worth individuals
Private client share: 90%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 9
RAUM per advisor: $54.3Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 14
Advisory employees: 9
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 1,432
Individual clients: 406
High net worth clients: 149
Custody, client assets: $114M
SEC number: 801-64962
CIK: 1382646
CRD: 136925
Filings on the tape: 34
First filed: Mar 2, 2012
Latest filed: Feb 3, 2026
Organised: Corporation, AR
Website: ifrahfinancial.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
STEPHEN HENRY DESALVO	Certified Financial Planner	LITTLE ROCK, AR	20	40	1	no
PATRICK (AKA PATRICE) IFRAH	n/a	LITTLE ROCK, AR	20	34	1	no
ROBERT ELBERT HARRIS	Certified Financial Planner	LITTLE ROCK, AR	20	32	1	no
MICAH HARLEY BROWN	Certified Financial Planner	LITTLE ROCK, AR	20	31	1	no
JOHN KEVIN KELLY	Certified Financial Planner	LITTLE ROCK, AR	20	37	1	no
DOUGLAS JACKSON SPENCER	Certified Financial Planner	LITTLE ROCK, AR	20	41	1	no
FRANCIS MATTHEW KELLY	Certified Financial Planner	LITTLE ROCK, AR	20	37	1	no
KYLE ANTHONY PITTS	Certified Financial Planner	LITTLE ROCK, AR	20	33	1	no
JAMES CHARLES ERWIN	n/a	LITTLE ROCK, AR	20	32	1	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BROWN, MICAH, HARLEY	PRINCIPAL AND OWNER	C	yes	11/2005	Mar 2, 2012	Mar 6, 2024
DESALVO, STEPHEN, HENRY	PRINCIPAL AND OWNER	C	yes	11/2005	Mar 2, 2012	Mar 6, 2024
HARRIS, ROBERT, ELBERT	PRINCIPAL AND OWNER	B	yes	11/2005	Mar 2, 2012	Mar 6, 2024
IFRAH, PATRICK (AKA PATRICE)	PRESIDENT/CHIEF COMPLIANCE OFFICER	C	yes	11/2005	Mar 2, 2012	Mar 6, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
DOUGLAS JACKSON SPENCER	n/a	n/a	n/a	N	no	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
HOT SPRINGS	Ar	United States	1	no
Texarkana	Ar	United States	1	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 15 of 16

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Feb 3, 2026	$489M	$442M	14	9	2	n/a	n/a
2024	Apr 2, 2025	$447M	$391M	14	9	2	n/a	n/a
2023	Mar 6, 2024	$404M	$361M	13	9	2	n/a	n/a
2022	Feb 6, 2023	$378M	$378M	14	9	2	n/a	n/a
2021	Feb 8, 2022	$429M	$429M	14	9	2	n/a	n/a
2020	Feb 11, 2021	$374M	$374M	13	9	2	n/a	n/a
2019	Mar 5, 2020	$336M	$336M	14	9	2	n/a	n/a
2018	Mar 6, 2019	$309M	$309M	15	10	2	n/a	n/a
2017	Feb 1, 2018	$319M	$319M	15	10	2	n/a	n/a
2016	Mar 28, 2017	$288M	$288M	15	10	n/a	n/a	n/a
2015	Feb 26, 2016	$292M	$292M	15	10	n/a	n/a	n/a
2014	Mar 11, 2015	$304M	$304M	15	10	n/a	n/a	n/a
2013	Mar 11, 2014	$292M	$292M	15	10	n/a	n/a	n/a
2012	Mar 12, 2013	$267M	$267M	16	11	n/a	n/a	n/a
2011	Mar 2, 2012	$254M	$254M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$489M	$447M	9.4%	$378M	9.0%	14	14	2	2

Relationships

Registered with (11)

← JOHN KEVIN KELLYAdvisorregistration: current employment
Feb 1, 2006 to presentfactForm ADV
← DOUGLAS JACKSON SPENCERAdvisorregistration: current employment
Feb 1, 2006 to presentfactForm ADV
← FRANCIS MATTHEW KELLYAdvisorregistration: current employment
Feb 1, 2006 to presentfactForm ADV
← KYLE ANTHONY PITTSAdvisorregistration: current employment
Feb 1, 2006 to presentfactForm ADV
← JAMES CHARLES ERWINAdvisorregistration: current employment
Feb 1, 2006 to presentfactForm ADV
← STEPHEN HENRY DESALVOAdvisorregistration: current employment
Jan 27, 2006 to presentfactForm ADV
← PATRICK (AKA PATRICE) IFRAHAdvisorregistration: current employment
Jan 27, 2006 to presentfactForm ADV
← ROBERT ELBERT HARRISAdvisorregistration: current employment
Jan 27, 2006 to presentfactForm ADV
← MICAH HARLEY BROWNAdvisorregistration: current employment
Jan 27, 2006 to presentfactForm ADV
← RYAN MICHAEL FUCHSAdvisorregistration: previous registration
May 31, 2010 to Apr 2, 2019factForm ADV
← HATIM SMOUNIAdvisorregistration: previous registration
Feb 15, 2006 to Jul 31, 2006factForm ADV

Controls (4)

← DESALVO, STEPHEN, HENRYOwnerPRINCIPAL AND OWNER, ownership code C, individual
Mar 2, 2012 to Mar 6, 2024factForm ADV
← IFRAH, PATRICK (AKA PATRICE)OwnerPRESIDENT/CHIEF COMPLIANCE OFFICER, ownership code C, individual
Mar 2, 2012 to Mar 6, 2024factForm ADV
← HARRIS, ROBERT, ELBERTOwnerPRINCIPAL AND OWNER, ownership code B, individual
Mar 2, 2012 to Mar 6, 2024factForm ADV
← BROWN, MICAH, HARLEYOwnerPRINCIPAL AND OWNER, ownership code C, individual
Mar 2, 2012 to Mar 6, 2024factForm ADV

Dated events

No dated event names this entity yet.

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:27f4f6a4-34de-d8a1-0d57-871b3b1bc4bb
First observed: Mar 2, 2012
Last observed: Feb 3, 2026 7 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

IFRAH FINANCIAL SERVICES, INC.

CRD 136925

LITTLE ROCK, AR

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:27f4f6a4-34de-d8a1-0d57-871b3b1bc4bb

Data as of Feb 3, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 1:20 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

STEPHEN HENRY DESALVO

Certified Financial Planner

LITTLE ROCK, AR

PATRICK (AKA PATRICE) IFRAH

n/a

LITTLE ROCK, AR

ROBERT ELBERT HARRIS

Certified Financial Planner

LITTLE ROCK, AR

MICAH HARLEY BROWN

Certified Financial Planner

LITTLE ROCK, AR

JOHN KEVIN KELLY

Certified Financial Planner

LITTLE ROCK, AR

DOUGLAS JACKSON SPENCER

Certified Financial Planner

LITTLE ROCK, AR

FRANCIS MATTHEW KELLY

Certified Financial Planner

LITTLE ROCK, AR

KYLE ANTHONY PITTS

Certified Financial Planner

LITTLE ROCK, AR

JAMES CHARLES ERWIN

n/a

LITTLE ROCK, AR

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BROWN, MICAH, HARLEY

PRINCIPAL AND OWNER

yes

11/2005

Mar 2, 2012

Mar 6, 2024

DESALVO, STEPHEN, HENRY

PRINCIPAL AND OWNER

yes

11/2005

Mar 2, 2012

Mar 6, 2024

HARRIS, ROBERT, ELBERT

PRINCIPAL AND OWNER

yes

11/2005

Mar 2, 2012

Mar 6, 2024

IFRAH, PATRICK (AKA PATRICE)

PRESIDENT/CHIEF COMPLIANCE OFFICER

yes

11/2005

Mar 2, 2012

Mar 6, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

DOUGLAS JACKSON SPENCER

n/a

City

State

Country

Employees

Also broker-dealer

HOT SPRINGS

United States

Texarkana

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Feb 3, 2026

$489M

$442M

n/a

2024

Apr 2, 2025

$447M

$391M

n/a

2023

Mar 6, 2024

$404M

$361M

n/a

2022

Feb 6, 2023

$378M

n/a

2021

Feb 8, 2022

$429M

n/a

2020

Feb 11, 2021

$374M

n/a

2019

Mar 5, 2020

$336M

n/a

2018

Mar 6, 2019

$309M

n/a

2017

Feb 1, 2018

$319M

n/a

2016

Mar 28, 2017

$288M

n/a

2015

Feb 26, 2016

$292M

n/a

2014

Mar 11, 2015

$304M

n/a

2013

Mar 11, 2014

$292M

n/a

2012

Mar 12, 2013

$267M

n/a

2011

Mar 2, 2012

$254M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$489M

$447M

9.4%

$378M

9.0%