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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM under $100M

NEXADVISORS, LLC

CRD 317477

DALLAS, TX

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Search this name across graphsid dfx:ria:bd2e4d6b-15e6-5f9a-93fe-ef40b58fe24e

Data as of May 5, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 5:15 PM UTC and rebuilt at most every 15 minutes.

Relationships: 21
Dated events: 4
On other graphs: 0
Observed: Nov 15, 2021 to May 5, 2026
15 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=0.78 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=0.0 bank_owner=false
Regulatory AUM: $26.1MItem 5.F on the latest filing (2026-05-05); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $26.1M
Private client RAUM: $20.4MderivedItem 5.D individuals plus high net worth individuals
Private client share: 78%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 2
RAUM per advisor: $13.1Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 4
Advisory employees: 2
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 6
Individual clients: 4
SEC number: 801-122878
CRD: 317477
Filings on the tape: 15
First filed: Nov 15, 2021
Latest filed: May 5, 2026
Organised: Limited Liability Company, DE

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
MICHIEL HARRIS HURLEY	n/a	DALLAS, TX	4	19	4	yes

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
DONDERO, NANCY, MARIE	Trustee	F	yes	10/2015	Jan 24, 2023	Jun 7, 2024
HEISS, BRADFORD, Burman	President	Na	yes	01/2023	Nov 15, 2021	Jun 7, 2024
NEXANNUITY HOLDINGS, INC.	SOLE MEMBER	E	yes	10/2021	Nov 15, 2021	Jun 7, 2024
THE DUGABOY INVESTMENT TRUST	SOLE SHAREHOLDER	E	yes	04/2019	Jan 24, 2023	Jun 7, 2024
Vitiello, Stephanie, Lynn	CHIEF COMPLIANCE OFFICER AND SECRETARY	Na	no	01/2023	Jan 24, 2023	Jun 7, 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
NEXPOINT ASSET MANAGEMENT, L.P.	n/a	Asset manager	$2.8B	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS VII, L.P.	n/a	Asset manager	$1.9B	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS X, L.P.	n/a	Asset manager	$1.1B	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS, L.P.	n/a	Former SEC adviser	$976M	N	yes	n/a
NEXANNUITY ASSET MANAGEMENT, L.P.	n/a	Institutional manager	$823M	N	yes	n/a
NEXPOINT INSURANCE SOLUTIONS, L.P.	n/a	Asset manager	$95.7M	N	yes	n/a
FALCON E & P OPPORTUNITIES GP, LLC	n/a	Former SEC adviser	$74.1M	N	yes	n/a
NEXBANK SECURITIES INC	n/a	Former SEC adviser	$882,487	N	yes	n/a
GOVERNANCE RE, LTD	n/a	n/a	n/a	N	yes	n/a
Nexbank	n/a	n/a	n/a	N	yes	TX
NEXBANK TITLE, INC.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS IV, L.P.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS IX, L.P.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS V, L.P.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS VI, L.P.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS VIII, L.P.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS XI, L.P.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT REAL ESTATE ADVISORS XII, L.P.	n/a	n/a	n/a	N	yes	n/a
NEXPOINT SECURITIES, INC.	n/a	n/a	n/a	N	yes	n/a

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

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Private funds	Fund GAV
2025	Mar 31, 2026	$26.1M	$26.1M	4	2	n/a	n/a
2024	Apr 14, 2025	$21.3M	$21.3M	3	2	n/a	n/a
2023	Mar 28, 2024	$264,155	$264,155	3	2	n/a	n/a
2022	Mar 30, 2023	$256,857	$256,857	3	2	n/a	n/a
2021	Mar 31, 2022	$307,150	$307,150	3	2	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	$26.1M	$21.3M	22.9%	$256,857	366.8%	4	3	0	0

Relationships

Affiliated with (13)

← NEXPOINT INSURANCE SOLUTIONS, L.P.Registered adviserother investment adviser, common control
factForm ADV
→ NEXBANK WEALTH ADVISORSRegistered adviserbroker-dealer, common control
factForm ADV
→ NEXPOINT ASSET MANAGEMENT, L.P.Registered adviserother investment adviser, bank, common control
factForm ADV
→ FALCON E & P OPPORTUNITIES GP, LLCRegistered adviserother investment adviser, bank, pooled vehicle sponsor, common control
factForm ADV
→ NEXPOINT REAL ESTATE ADVISORS, L.P.Registered adviserother investment adviser, common control
factForm ADV
→ NEXPOINT INSURANCE SOLUTIONS, L.P.Registered adviserother investment adviser, common control
factForm ADV
→ NEXPOINT REAL ESTATE ADVISORS VII, L.P.Registered adviserother investment adviser, bank, pooled vehicle sponsor, common control
factForm ADV
→ NEXANNUITY ASSET MANAGEMENT, L.P.Registered adviserother investment adviser, common control
factForm ADV
→ NEXPOINT REAL ESTATE ADVISORS X, L.P.Registered adviserother investment adviser, common control
factForm ADV
← NEXANNUITY ASSET MANAGEMENT, L.P.Registered adviserother investment adviser, common control
factForm ADV
← NEXPOINT ASSET MANAGEMENT, L.P.Registered adviserother investment adviser, broker-dealer, investment company, common control
factForm ADV
← NEXPOINT ADVISORS, L.P.Registered adviserother investment adviser, broker-dealer, common control
factForm ADV
← NEXPOINT REAL ESTATE ADVISORS VII, L.P.Registered adviserother investment adviser, broker-dealer, investment company, common control
factForm ADV

Registered with (3)

← MICHIEL HARRIS HURLEYAdvisorregistration: current employment
Feb 8, 2022 to presentfactForm ADV
← BRADFORD Burman HEISSAdvisorregistration: current employment
Feb 4, 2022 to presentfactForm ADV
← Ernest Lee SmithAdvisorregistration: previous registration
Nov 3, 2022 to Feb 1, 2023factForm ADV

Controls (4)

← HEISS, BRADFORD, BurmanOwnerPRESIDENT, ownership code NA, individual
Nov 15, 2021 to Jun 7, 2024factForm ADV
← DONDERO, NANCY, MARIEOwnerTRUSTEE, ownership code F, individual
Jan 24, 2023 to Jun 7, 2024factForm ADV
← NEXANNUITY HOLDINGS, INC.OwnerSOLE MEMBER, ownership code E, domestic entity
Nov 15, 2021 to Jun 7, 2024factForm ADV
← THE DUGABOY INVESTMENT TRUSTOwnerSOLE SHAREHOLDER, ownership code E, domestic entity
Jan 24, 2023 to Jun 7, 2024factForm ADV

Owns (1)

← Vitiello, Stephanie, LynnOwnerCHIEF COMPLIANCE OFFICER AND SECRETARY, ownership code NA, individual
Jan 24, 2023 to Jun 7, 2024factForm ADV

Dated events

Occurred
Feb 1, 2023
Advisor changed firm
Ernest Lee Smith left Nexadvisors, Llc for Newsong Capital Management, Inc. (registered 2023-02-18)
Form ADVobserved 4 days ago
Occurred
Jan 24, 2023
Control person left
David James Dondero (President) no longer on Schedule A of Nexadvisors, Llc (listed 2022-11-08, absent 2023-01-24)
Form ADVobserved 4 days ago
Occurred
Jan 24, 2023
Control person joined
Marie Nancy Dondero (Trustee) appeared on Schedule A of Nexadvisors, Llc
Form ADVobserved 4 days ago
Occurred
Nov 15, 2021
First Form ADV filing
Nexadvisors, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:bd2e4d6b-15e6-5f9a-93fe-ef40b58fe24e
First observed: Nov 15, 2021
Last observed: May 5, 2026 4 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.

NEXADVISORS, LLC

CRD 317477

DALLAS, TX

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:bd2e4d6b-15e6-5f9a-93fe-ef40b58fe24e

Data as of May 5, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 5:15 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MICHIEL HARRIS HURLEY

n/a

DALLAS, TX

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

DONDERO, NANCY, MARIE

Trustee

yes

10/2015

Jan 24, 2023

Jun 7, 2024

HEISS, BRADFORD, Burman

President

yes

01/2023

Nov 15, 2021

Jun 7, 2024

NEXANNUITY HOLDINGS, INC.

SOLE MEMBER

yes

10/2021

Nov 15, 2021

Jun 7, 2024

THE DUGABOY INVESTMENT TRUST

SOLE SHAREHOLDER

yes

04/2019

Jan 24, 2023

Jun 7, 2024

Vitiello, Stephanie, Lynn

CHIEF COMPLIANCE OFFICER AND SECRETARY

01/2023

Jan 24, 2023

Jun 7, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

NEXPOINT ASSET MANAGEMENT, L.P.

n/a

Asset manager

$2.8B

yes

n/a

NEXPOINT REAL ESTATE ADVISORS VII, L.P.

n/a

Asset manager

$1.9B

yes

n/a

NEXPOINT REAL ESTATE ADVISORS X, L.P.

n/a

Asset manager

$1.1B

yes

n/a

NEXPOINT REAL ESTATE ADVISORS, L.P.

n/a

Former SEC adviser

$976M

yes

n/a

NEXANNUITY ASSET MANAGEMENT, L.P.

n/a

Institutional manager

$823M

yes

n/a

NEXPOINT INSURANCE SOLUTIONS, L.P.

n/a

Asset manager

$95.7M

yes

n/a

FALCON E & P OPPORTUNITIES GP, LLC

n/a

Former SEC adviser

$74.1M

yes

n/a

NEXBANK SECURITIES INC

n/a

Former SEC adviser

$882,487

yes

n/a

GOVERNANCE RE, LTD

n/a

yes

n/a

Nexbank

n/a

yes

NEXBANK TITLE, INC.

n/a

yes

n/a

NEXPOINT REAL ESTATE ADVISORS IV, L.P.

n/a

yes

n/a

NEXPOINT REAL ESTATE ADVISORS IX, L.P.

n/a

yes

n/a

NEXPOINT REAL ESTATE ADVISORS V, L.P.

n/a

yes

n/a

NEXPOINT REAL ESTATE ADVISORS VI, L.P.

n/a

yes

n/a

NEXPOINT REAL ESTATE ADVISORS VIII, L.P.

n/a

yes

n/a

NEXPOINT REAL ESTATE ADVISORS XI, L.P.

n/a

yes

n/a

NEXPOINT REAL ESTATE ADVISORS XII, L.P.

n/a

yes

n/a

NEXPOINT SECURITIES, INC.

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 31, 2026

$26.1M

n/a

2024

Apr 14, 2025

$21.3M

n/a

2023

Mar 28, 2024

$264,155

n/a

2022

Mar 30, 2023

$256,857

n/a

2021

Mar 31, 2022

$307,150

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

$26.1M

$21.3M

22.9%

$256,857

366.8%