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.

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SEC-registered adviser

A•••••• C•••••• M•••••••••

Independent wealth managerWaco, TexasCRD 105008SEC 801-27836websiteIAPD
Latest filing Mar 10, 2026
First filing on the tape Mar 28, 2012 · 28 filings
SEC status approved since Nov 16, 1987
RAUM
$1.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$1.1B individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$193M
derived; firm RAUM over IAPD count
Employees
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$1.2B as of Mar 10, 2026
Mar 28, 2012$399M then
HNW client RAUM$591M as of Mar 10, 2026
Mar 26, 2018$345M then
State-registered IARs (5.B.3)5 as of Mar 10, 2026
Mar 25, 20133 then
Employees (5.A)9 as of Mar 10, 2026
Mar 25, 20137 then
Private funds: no history
RAUM +11% over the last fiscal year+21% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 10, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$193MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
160derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$16.4MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.1%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$591M51%
  • Individuals$523M45%
  • Pension and profit-sharing plans$27.4M2.4%
  • Charitable organizations$14.3M1.2%
  • Corporations and businesses$3.8M0.3%
Individual clients
926reported
HNW clients
36reported
Pension plan clients
12reported
Charitable clients
11reported
Accounts
996reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S•••• M•••••• G••••••••Chartered Financial AnalystWaco, TxMar 3, 200541 y2
T•••• J••• A•••Chartered Financial AnalystWaco, TxSep 8, 200536 y1
C•••••• G•••••• B••••Waco, TxMay 14, 201214 y0
R••••• M••••• I•••••Waco, TxMar 15, 201716 y1
A••••• S•••••Waco, TxJan 28, 202012 y0
L••• P••••• T•••••••Waco, TxJan 13, 202518 y0
Advisor movement
0 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • A•••• T••••• J••• · Presidentcontrol
    since 04/1988 · owns 50% to 75%
  • G••••••••• S••••• M•••••• · Vice-Presidentcontrol
    since 04/1986 · owns 50% to 75%
  • R•••••••• D••••• L• · Cco - Ops Director
    since 01/2019 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Waco, Tx · principal600
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • business activity changedChange between filings · filing Mar 10, 2026
    wrap fee program participation (Item 5.I): yes on the filing of 2025-03-10, no on the filing of 2026-03-10
    peers: independent wealth managers, $1B to $5B (1,362)
  • HNW share shiftChange between filings · filing Mar 10, 2026
    HNW share of RAUM moved from 68.0% to 51.0% between the annual amendments of 2025-03-10 and 2026-03-10
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 970 to 996
    Mar 10, 2025 to Mar 10, 2026
  • Advisory employees · 4 to 5
    Mar 10, 2025 to Mar 10, 2026
  • Charity clients · 15 to 11
    Mar 10, 2025 to Mar 10, 2026
  • Corporate clients · 16 to 11
    Mar 10, 2025 to Mar 10, 2026
  • HNW clients · 157 to 36
    Mar 10, 2025 to Mar 10, 2026
  • Individual clients · 767 to 926
    Mar 10, 2025 to Mar 10, 2026
  • Pension plan clients · 15 to 12
    Mar 10, 2025 to Mar 10, 2026
  • Discretionary RAUM · $1.0B to $1.2B
    Mar 10, 2025 to Mar 10, 2026
  • HNW RAUM · $708M to $591M
    Mar 10, 2025 to Mar 10, 2026
  • Individual RAUM · $198M to $523M
    Mar 10, 2025 to Mar 10, 2026
  • Pension RAUM · $26.2M to $27.4M
    Mar 10, 2025 to Mar 10, 2026
  • RAUM · $1.0B to $1.2B
    Mar 10, 2025 to Mar 10, 2026
  • Wrap assets (manager) · 209031293.0 to unset
    Mar 10, 2025 to Mar 10, 2026
  • Wrap assets (sponsor) · 0.0 to unset
    Mar 10, 2025 to Mar 10, 2026
  • Accounts · 951 to 970
    Mar 14, 2024 to Mar 10, 2025
  • Charity clients · 14 to 15
    Mar 14, 2024 to Mar 10, 2025
  • Corporate clients · 21 to 16
    Mar 14, 2024 to Mar 10, 2025
  • HNW clients · 28 to 157
    Mar 14, 2024 to Mar 10, 2025
  • Individual clients · 869 to 767
    Mar 14, 2024 to Mar 10, 2025
  • Pension plan clients · 19 to 15
    Mar 14, 2024 to Mar 10, 2025
  • Employees · 8 to 9
    Mar 14, 2024 to Mar 10, 2025
  • Financial planning clients · 0 to 0
    Mar 14, 2024 to Mar 10, 2025
  • State-registered IARs · 4 to 5
    Mar 14, 2024 to Mar 10, 2025
  • Discretionary RAUM · $896M to $1.0B
    Mar 14, 2024 to Mar 10, 2025
  • HNW RAUM · $417M to $708M
    Mar 14, 2024 to Mar 10, 2025
  • Individual RAUM · $418M to $198M
    Mar 14, 2024 to Mar 10, 2025
  • Pension RAUM · $22.2M to $26.2M
    Mar 14, 2024 to Mar 10, 2025
  • RAUM · $896M to $1.0B
    Mar 14, 2024 to Mar 10, 2025
  • Wrap assets (manager) · $182M to $209M
    Mar 14, 2024 to Mar 10, 2025
  • Accounts · 940 to 951
    Feb 23, 2023 to Mar 13, 2024
  • Advisory employees · 5 to 4
    Feb 23, 2023 to Mar 13, 2024
  • Charity clients · 12 to 14
    Feb 23, 2023 to Mar 13, 2024
  • Corporate clients · 25 to 21
    Feb 23, 2023 to Mar 13, 2024
  • HNW clients · 20 to 28
    Feb 23, 2023 to Mar 13, 2024
  • Individual clients · 865 to 869
    Feb 23, 2023 to Mar 13, 2024
  • Pension plan clients · 18 to 19
    Feb 23, 2023 to Mar 13, 2024
  • Employees · 9 to 8
    Feb 23, 2023 to Mar 13, 2024
  • State-registered IARs · 5 to 4
    Feb 23, 2023 to Mar 13, 2024
  • Discretionary RAUM · $657M to $896M
    Feb 23, 2023 to Mar 13, 2024
  • HNW RAUM · $234M to $417M
    Feb 23, 2023 to Mar 13, 2024
Signals
3 dated events
  • A•••••• C•••••• M••••••••• reported RAUM $896.1M, up 36% from $657.2M (2023-02-23 to 2024-03-13)
    Mar 13, 2024 · RAUM change · derived
  • J••••• S•••• M•••• left A•••••• C•••••• M••••••••• for R•••••• P• S•••••••• A••••••••• I••• (registered 2023-11-20)
    Nov 14, 2023 · Advisor changed firm · fact
  • A•••••• C•••••• M••••••••• reported RAUM $682.1M, up 29% from $528.8M (2019-01-22 to 2020-02-26)
    Feb 26, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
254-751-0555reportedpublic record, Form ADV, Mar 10, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$193Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026