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RIA / WealthRegistered adviserother adviserSEC registeredRAUM 1b 10b

DURATION ASSET MANAGEMENT, LLC

CRD 298651

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:bd7ef01e-e3a5-4043-06bc-b36d3cf0512b

Data as of Mar 26, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 5:33 AM UTC and rebuilt at most every 15 minutes.

Relationships: 7
Dated events: 4
On other graphs: 0
Observed: Sep 4, 2018 to Mar 26, 2026
14 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: other adviserderivedprivate_client_share=0.13 fund_share=0.87 institutional_share=0.0 related_bd=true related_bank=false bd_reps=3.0
Regulatory AUM: $1.6BItem 5.F on the latest filing (2026-03-26); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $1.6B
Private client RAUM: $213MderivedItem 5.D individuals plus high net worth individuals
Private client share: 13%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 3
RAUM per advisor: $528Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 3
Advisory employees: 2
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 7
Individual clients: 0
High net worth clients: 7
Private funds: 1Schedule D 7.B(1)
SEC number: 801-114084
CRD: 298651
Filings on the tape: 14
First filed: Sep 4, 2018
Latest filed: Mar 26, 2026
Organised: Limited Liability Company, TX

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
CYNTHIA LEE MURDOCK	n/a	DALLAS, TX	7	39	1	yes
STEPHEN BISHOP SMITH	n/a	Dallas, TX	7	35	2	yes
Thad F Smith	n/a	DALLAS, TX	2	25	1	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
MURDOCK, CYNTHIA, LEE	CHIEF COMPLIANCE OFFICER AND SECRETARY	Na	yes	12/2018	Jan 31, 2019	May 16, 2024
QUAHADI HOLDINGS, LLC	Member	E	yes	08/2018	Sep 4, 2018	May 16, 2024
SMITH, STEPHEN, BISHOP	Member	E	yes	04/2018	Sep 4, 2018	May 16, 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
SMITH CAPITAL MARKETS, LLC.	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 26, 2026	$1.6B	$1.6B	3	2	1	n/a
2024	Feb 25, 2025	$467M	$467M	3	2	1	n/a
2023	Feb 14, 2024	$171M	$171M	2	1	n/a	n/a
2022	Jan 27, 2023	$182M	$182M	2	1	n/a	n/a
2021	Jan 28, 2022	$181M	$181M	2	1	n/a	n/a
2020	Feb 18, 2021	$173M	$173M	2	1	n/a	n/a
2019	Feb 19, 2020	$243M	$243M	2	1	n/a	n/a
2018	Jan 31, 2019	$268M	$268M	2	1	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	1	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	$1.6B	$467M	239.1%	$182M	105.6%	3	3	0	0

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
J.P. MORGAN SECURITIES LLC	2	Jul 24, 2018	Oct 4, 2018	DALLAS, TX	Team lift out	Wirehouse to new firm	0.0%

Relationships

Registered with (3)

← Thad F SmithAdvisorregistration: current employment
Apr 17, 2024 to presentfactForm ADV
← CYNTHIA LEE MURDOCKAdvisorregistration: current employment
Oct 4, 2018 to presentfactForm ADV
← STEPHEN BISHOP SMITHAdvisorregistration: current employment
Oct 4, 2018 to presentfactForm ADV

Controls (3)

← MURDOCK, CYNTHIA, LEEOwnerCHIEF COMPLIANCE OFFICER AND SECRETARY, ownership code NA, individual
Jan 31, 2019 to May 16, 2024factForm ADV
← SMITH, STEPHEN, BISHOPOwnerMEMBER, ownership code E, individual
Sep 4, 2018 to May 16, 2024factForm ADV
← QUAHADI HOLDINGS, LLCOwnerMEMBER, ownership code E, domestic entity
Sep 4, 2018 to May 16, 2024factForm ADV

Moved with (1)

← J.P. MORGAN SECURITIES LLCRegistered adviser2 advisors, team lift out, same day
Jul 24, 2018 to Oct 4, 2018factForm ADV

Dated events

Occurred
Mar 26, 2026
Regulatory AUM changed
Duration Asset Management, Llc reported RAUM $1.6B, up 239% from $467.3M (2025-05-06 to 2026-03-26)
Form ADVobserved 6 days ago
$1.1B
Occurred
Feb 25, 2025
Regulatory AUM changed
Duration Asset Management, Llc reported RAUM $467.3M, up 174% from $170.8M (2024-05-16 to 2025-02-25)
Form ADVobserved 6 days ago
$296M
Occurred
Jan 31, 2019
Control person joined
Lee Cynthia Murdock (Chief Compliance Officer And Secretary) appeared on Schedule A of Duration Asset Management, Llc
Form ADVobserved 6 days ago
Occurred
Sep 4, 2018
First Form ADV filing
Duration Asset Management, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:bd7ef01e-e3a5-4043-06bc-b36d3cf0512b
First observed: Sep 4, 2018
Last observed: Mar 26, 2026 5 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.

DURATION ASSET MANAGEMENT, LLC

CRD 298651

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:bd7ef01e-e3a5-4043-06bc-b36d3cf0512b

Data as of Mar 26, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 5:33 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

CYNTHIA LEE MURDOCK

n/a

DALLAS, TX

yes

STEPHEN BISHOP SMITH

n/a

Dallas, TX

yes

Thad F Smith

n/a

DALLAS, TX

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

MURDOCK, CYNTHIA, LEE

CHIEF COMPLIANCE OFFICER AND SECRETARY

yes

12/2018

Jan 31, 2019

May 16, 2024

QUAHADI HOLDINGS, LLC

Member

yes

08/2018

Sep 4, 2018

May 16, 2024

SMITH, STEPHEN, BISHOP

Member

yes

04/2018

Sep 4, 2018

May 16, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

SMITH CAPITAL MARKETS, LLC.

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 26, 2026

$1.6B

n/a

2024

Feb 25, 2025

$467M

n/a

2023

Feb 14, 2024

$171M

n/a

2022

Jan 27, 2023

$182M

n/a

2021

Jan 28, 2022

$181M

n/a

2020

Feb 18, 2021

$173M

n/a

2019

Feb 19, 2020

$243M

n/a

2018

Jan 31, 2019

$268M

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

$1.6B

$467M

239.1%

$182M

105.6%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

J.P. MORGAN SECURITIES LLC

Jul 24, 2018

Oct 4, 2018

DALLAS, TX

Team lift out

Wirehouse to new firm

0.0%