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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 1b 10b

TANGLEWOOD TOTAL WEALTH MANAGEMENT, INC.

TANGLEWOOD WEALTH MANAGEMENT, INC., CRD 107639

HOUSTON, 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:d0bf022d-3252-ae0e-1b25-7d3c78697df9

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 7:42 AM UTC and rebuilt at most every 15 minutes.

Relationships: 15
Dated events: 4
On other graphs: 0
Observed: Feb 13, 2012 to Mar 30, 2026
30 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=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $1.6BItem 5.F on the latest filing (2026-03-30); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $1.6B
Private client RAUM: $1.6BderivedItem 5.D individuals plus high net worth individuals
Private client share: 99%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 9
RAUM per advisor: $177Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 14
Advisory employees: 10
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,296
Individual clients: 54
High net worth clients: 363
SEC number: 801-38245
CIK: 1454308
CRD: 107639
Filings on the tape: 30
First filed: Feb 13, 2012
Latest filed: Mar 30, 2026
Organised: Corporation, TX
Website: tanglewoodwealth.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
JOHN FRANKLIN MERRILL	n/a	HOUSTON, TX	26	42	n/a	no
BRIAN JOSEPH MERRILL	Certified Financial Planner	HOUSTON, TX	20	24	n/a	no
ABIGAIL CHENG GUNDERSON	Certified Financial Planner	HOUSTON, TX	12	23	5	no
KEITH ALAN FENSTAD	Certified Financial Planner	HOUSTON, TX	12	32	n/a	no
PETER LEWIS FAUST	Certified Financial Planner	HOUSTON, TX	10	15	2	no
Michael Shane Pumphrey	Certified Financial Planner	HOUSTON, TX	2	11	n/a	no
Adam Philip Lawrence	Certified Financial Planner	HOUSTON, TX	2	12	1	no
Thomas Lloyd Bruce	n/a	HOUSTON, TX	1	14	n/a	no
Tina Yang	Certified Financial Planner	HOUSTON, TX	0	10	n/a	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
FENSTAD, KEITH, ALAN	CHIEF COMPLIANCE OFFICER AND SECRETARY	B	yes	01/2003	Mar 30, 2026	Mar 30, 2026
MERRILL, BRIAN, JOSEPH	VICE PRESIDENT AND TREASURER	C	yes	01/2014	Mar 30, 2026	Mar 30, 2026
MERRILL, JOHN, FRANKLIN	President	C	yes	01/2000	Mar 30, 2026	Mar 30, 2026
HOLDEN, CURTIS, JOEL	SR. INVESTMENT OFFICER	Na	no	11/2013	Mar 27, 2014	Sep 17, 2024

Offices

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

City	State	Country	Employees	Also broker-dealer
n/a	n/a	n/a	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

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 30, 2026	$1.6B	$1.6B	14	10	0	n/a	n/a
2024	Apr 2, 2025	$1.4B	$1.4B	17	9	0	n/a	n/a
2023	Mar 23, 2024	$1.3B	$1.3B	13	4	0	n/a	n/a
2022	Mar 30, 2023	$1.2B	$1.2B	14	8	0	n/a	n/a
2021	Mar 28, 2022	$1.4B	$1.4B	13	8	0	n/a	n/a
2020	Mar 26, 2021	$1.2B	$1.2B	12	7	0	n/a	n/a
2019	Mar 29, 2020	$1.0B	$1.0B	12	7	0	n/a	n/a
2018	Mar 21, 2019	$879M	$879M	12	7	0	n/a	n/a
2017	Mar 26, 2018	$898M	$898M	11	7	0	n/a	n/a
2016	Mar 27, 2017	$839M	$839M	12	7	n/a	n/a	n/a
2015	Mar 24, 2016	$817M	$817M	11	6	n/a	n/a	n/a
2014	Mar 26, 2015	$845M	$845M	11	6	n/a	n/a	n/a
2013	Mar 27, 2014	$792M	$792M	11	7	n/a	n/a	n/a
2012	Mar 28, 2013	$718M	$718M	11	5	n/a	n/a	n/a
2011	Feb 13, 2012	$648M	$648M	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	1	2

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	$1.4B	11.2%	$1.2B	9.6%	14	17	0	0

Relationships

Registered with (11)

← Tina YangAdvisorregistration: current employment
Feb 27, 2026 to presentfactForm ADV
← Thomas Lloyd BruceAdvisorregistration: current employment
Mar 31, 2025 to presentfactForm ADV
← Adam Philip LawrenceAdvisorregistration: current employment
Jul 29, 2024 to presentfactForm ADV
← Michael Shane PumphreyAdvisorregistration: current employment
May 8, 2024 to presentfactForm ADV
← PETER LEWIS FAUSTAdvisorregistration: current employment
May 16, 2016 to presentfactForm ADV
← KEITH ALAN FENSTADAdvisorregistration: current employment
Jan 20, 2014 to presentfactForm ADV
← ABIGAIL CHENG GUNDERSONAdvisorregistration: current employment
Jan 13, 2014 to presentfactForm ADV
← BRIAN JOSEPH MERRILLAdvisorregistration: current employment
Nov 10, 2005 to presentfactForm ADV
← JOHN FRANKLIN MERRILLAdvisorregistration: current employment
Feb 1, 2000 to presentfactForm ADV
← Jeffrey Allan SpeightAdvisorregistration: previous registration
Mar 28, 2013 to Apr 1, 2025factForm ADV
← KAYLA ALEXANDRA TOLUNAYAdvisorregistration: previous registration
Oct 3, 2024 to Nov 25, 2024factForm ADV

Controls (3)

← FENSTAD, KEITH, ALANOwnerCHIEF COMPLIANCE OFFICER, SECRETARY TREASURER, ownership code B, individual
Feb 13, 2012 to Sep 17, 2024factForm ADV
← MERRILL, BRIAN, JOSEPHOwnerVICE PRESIDENT, ownership code B, individual
Mar 27, 2014 to Sep 17, 2024factForm ADV
← MERRILL, JOHN, FRANKLINOwnerPRESIDENT, ownership code E, individual
Feb 13, 2012 to Sep 17, 2024factForm ADV

Owns (1)

← HOLDEN, CURTIS, JOELOwnerSR. INVESTMENT OFFICER, ownership code NA, individual
Mar 27, 2014 to Sep 17, 2024factForm ADV

Dated events

Occurred
Apr 1, 2025
Advisor changed firm
Jeffrey Allan Speight left Tanglewood Total Wealth Management, Inc. for Raymond James Financial Services Advisors, Inc (registered 2025-04-10)
Form ADVobserved 4 days ago
Occurred
Nov 25, 2024
Advisor changed firm
Kayla Alexandra Tolunay left Tanglewood Total Wealth Management, Inc. for Ip Financial Advisory Services Llc (registered 2025-09-11)
Form ADVobserved 4 days ago
Occurred
Oct 5, 2023
Control person left
Stephen Paul Buongiorno (Chief Investment Officer) no longer on Schedule A of Tanglewood Total Wealth Management, Inc. (listed 2023-03-31, absent 2023-10-05)
Form ADVobserved 4 days ago
Occurred
Mar 28, 2022
Control person joined
Stephen Paul Buongiorno (Co-Chief Investment Officer) appeared on Schedule A of Tanglewood Total Wealth Management, Inc.
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:d0bf022d-3252-ae0e-1b25-7d3c78697df9
First observed: Feb 13, 2012
Last observed: Mar 30, 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.

TANGLEWOOD TOTAL WEALTH MANAGEMENT, INC.

TANGLEWOOD WEALTH MANAGEMENT, INC., CRD 107639

HOUSTON, 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:d0bf022d-3252-ae0e-1b25-7d3c78697df9

Data as of Mar 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 7:42 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

JOHN FRANKLIN MERRILL

n/a

HOUSTON, TX

n/a

BRIAN JOSEPH MERRILL

Certified Financial Planner

HOUSTON, TX

n/a

ABIGAIL CHENG GUNDERSON

Certified Financial Planner

HOUSTON, TX

KEITH ALAN FENSTAD

Certified Financial Planner

HOUSTON, TX

n/a

PETER LEWIS FAUST

Certified Financial Planner

HOUSTON, TX

Michael Shane Pumphrey

Certified Financial Planner

HOUSTON, TX

n/a

Adam Philip Lawrence

Certified Financial Planner

HOUSTON, TX

Thomas Lloyd Bruce

n/a

HOUSTON, TX

n/a

Tina Yang

Certified Financial Planner

HOUSTON, TX

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

FENSTAD, KEITH, ALAN

CHIEF COMPLIANCE OFFICER AND SECRETARY

yes

01/2003

Mar 30, 2026

MERRILL, BRIAN, JOSEPH

VICE PRESIDENT AND TREASURER

yes

01/2014

Mar 30, 2026

MERRILL, JOHN, FRANKLIN

President

yes

01/2000

Mar 30, 2026

HOLDEN, CURTIS, JOEL

SR. INVESTMENT OFFICER

11/2013

Mar 27, 2014

Sep 17, 2024

City

State

Country

Employees

Also broker-dealer

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 30, 2026

$1.6B

n/a

2024

Apr 2, 2025

$1.4B

n/a

2023

Mar 23, 2024

$1.3B

n/a

2022

Mar 30, 2023

$1.2B

n/a

2021

Mar 28, 2022

$1.4B

n/a

2020

Mar 26, 2021

$1.2B

n/a

2019

Mar 29, 2020

$1.0B

n/a

2018

Mar 21, 2019

$879M

n/a

2017

Mar 26, 2018

$898M

n/a

2016

Mar 27, 2017

$839M

n/a

2015

Mar 24, 2016

$817M

n/a

2014

Mar 26, 2015

$845M

n/a

2013

Mar 27, 2014

$792M

n/a

2012

Mar 28, 2013

$718M

n/a

2011

Feb 13, 2012

$648M

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

$1.4B

11.2%

$1.2B

9.6%