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.

Registered advisor

David Michael Lee

Foundations Investment Advisors LLCindependent RIAPhoenix, Az IA-onlyIAPD 6721048

Feed of 09/15/2026

At current firm

0 y

since Jan 20, 2026

In the industry

10 y

since Jun 1, 2016 (earliest exam, job or registration)

Prior registered firms

IAPD previous registrations

State registrations

current, as an IAR

Firms today

current registrations

Exams

S66

IA exams only

Book size

not public

not estimated here

Signals

dated events on this person

Registration history

IAPD current and previous registrations

Foundations Investment Advisors LLC independent RIA current
since Jan 20, 2026 · Houston, Tx
Tip Group LLC state registered
May 13, 2025 to Nov 6, 2025 · Houston, Tx
LPL Financial LLC BD affiliated
May 26, 2023 to May 27, 2025 · San Diego, Ca
Hfg Wealth Management, LLC independent RIA
Nov 9, 2022 to Apr 20, 2023 · The Woodlands, Tx
Edward Jones national BD
Mar 10, 2017 to Oct 18, 2022 · Tomball, Tx

Moves

a registration end followed by a registration begin elsewhere

Tip Group LLC to Foundations Investment Advisors LLC
left Nov 6, 2025, registered Jan 20, 2026 (75 days) · Other
LPL Financial LLC to Tip Group LLC
left May 27, 2025, registered May 13, 2025 (-14 days) · Affiliated broker-dealer or bank to a state-registered adviser
Hfg Wealth Management, LLC to LPL Financial LLC
left Apr 20, 2023, registered May 26, 2023 (36 days) · RIA to affiliated broker-dealer or bank
Edward Jones to Hfg Wealth Management, LLC
left Oct 18, 2022, registered Nov 9, 2022 (22 days) · Affiliated broker-dealer or bank to independent RIA

Signals

David Michael Lee left Tip Group Llc for Foundations Investment Advisors Llc (registered 2026-01-20)
Nov 6, 2025 · Advisor changed firm · fact
David Michael Lee left Lpl Financial Llc for Tip Group Llc (registered 2025-05-13)
May 27, 2025 · Advisor changed firm · fact
David Michael Lee left Hfg Wealth Management, Llc for Lpl Financial Llc (registered 2023-05-26)
Apr 20, 2023 · Advisor changed firm · fact
David Michael Lee left Edward Jones for Hfg Wealth Management, Llc (registered 2022-11-09)
Oct 18, 2022 · Advisor changed firm · fact

Transition signals

Mobility scoring is not published yet. The observable conditions this page will draw on once the historical validation is done: tenure, the firm’s own departures and ownership changes, new state registrations, a new adviser entity with this person on Schedule A, and colleagues’ moves. Until precision and lead time are measured on known moves, no label is printed. Read the methodology.

Provenance

Source: IAPD individual compilation feedreportedadviserinfo.sec.gov
Firm class: Independent wealth managerderived
Years in industry: 10derivedfrom the earliest dated exam, employment or registration
Not published: disclosure flags, outside business text, branch street address