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.

Former SEC-registered adviser

Carroll Financial Associates Inc

Former SEC-registered adviserCharlotte, North CarolinaCRD 105427SEC 801-15517IAPD
Latest filing Aug 5, 2021
First filing on the tape Mar 29, 2012 · 32 filings
RAUM
$4.1B
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
94%
$3.8B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
52
45 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$4.1B as of Mar 24, 2021
Mar 29, 2012$1.2B then
HNW client RAUM$2.6B as of Mar 24, 2021
Mar 22, 2018$1.6B then
State-registered IARs (5.B.3)40 as of Mar 24, 2021
Mar 26, 201327 then
Employees (5.A)52 as of Mar 24, 2021
Mar 26, 201335 then
Private funds: no history
RAUM +17% over the last fiscal year+18% a year over threeIARs 42 to 40offices 6 to 5
Practice profile
derived from the filing of Aug 5, 2021; every figure names its basis
RAUM per advisor
$102MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
138derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$438,438derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
3.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
6.7derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
-4.8%derivedItem 5.B.3 between annual amendments
Client growth, one year
+12%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, publications, educational seminarsreportedItem 5.G
Wrap fee program
$624MreportedItem 5.I
Custody
$316M, 675 clientsreportedItem 9.A
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
  • is an insurance broker or agent (6.A.6)
  • 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.6B64%
  • Individuals$1.2B30%
  • Corporations and businesses$122M3.0%
  • Charitable organizations$116M2.9%
  • Pension and profit-sharing plans$11.3M0.3%
Individual clients
4,432reported
HNW clients
1,095reported
Pension plan clients
10reported
Charitable clients
13reported
Accounts
9,318reported
Financial planning clients
11-25reported
Wrap fee programs
$0 sponsored, $2.9B managedreported
Custody of client assets
$316M for 675 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Wayne Kristopher Carroll · Chief Executive Officer/Chief Compliance Officercontrol
    since 03/2016 · owns 75% or more
  • Wayne Larry Carroll · Chairman Emerituscontrol
    since 06/1980 · owns less than 5%
  • Kelly Benjamin Graves · Executive Vice President
    since 01/1984 · owns less than 5%
  • Andrew John Patterson · Executive Vice President
    since 12/1986 · owns less than 5%
Related persons
Schedule D 7.A
  • David Peters
    insurancen
Offices
Schedule D 1.F, the 25 largest
  • Rock Hill, SC9 employees
  • Raleigh, NC2 employees
  • , 1 employees
  • , 1 employees
  • Jacksonville, FL1 employees
What changed
consecutive filings, newest first
  • Accounts · 8,704 to 9,318
    Dec 23, 2020 to Mar 24, 2021
  • Advisory employees · 44 to 45
    Dec 23, 2020 to Mar 24, 2021
  • BD registered reps · 43 to 44
    Dec 23, 2020 to Mar 24, 2021
  • Corporate clients · 52 to 59
    Dec 23, 2020 to Mar 24, 2021
  • HNW clients · 915 to 1,095
    Dec 23, 2020 to Mar 24, 2021
  • Individual clients · 4,019 to 4,432
    Dec 23, 2020 to Mar 24, 2021
  • Pension plan clients · 11 to 10
    Dec 23, 2020 to Mar 24, 2021
  • Assets in custody · $236M to $316M
    Dec 23, 2020 to Mar 24, 2021
  • State-registered IARs · 42 to 40
    Dec 23, 2020 to Mar 24, 2021
  • Other offices · 6 to 5
    Dec 23, 2020 to Mar 24, 2021
  • Discretionary RAUM · $3.3B to $3.9B
    Dec 23, 2020 to Mar 24, 2021
  • HNW RAUM · $1.7B to $2.6B
    Dec 23, 2020 to Mar 24, 2021
  • Individual RAUM · $1.6B to $1.2B
    Dec 23, 2020 to Mar 24, 2021
  • Non-discretionary RAUM · $147M to $170M
    Dec 23, 2020 to Mar 24, 2021
  • Pension RAUM · $10.6M to $11.3M
    Dec 23, 2020 to Mar 24, 2021
  • RAUM · $3.5B to $4.1B
    Dec 23, 2020 to Mar 24, 2021
  • Wrap assets (manager) · $2.5B to $2.9B
    Dec 23, 2020 to Mar 24, 2021
  • Other offices · 5 to 6
    Jun 26, 2020 to Dec 23, 2020
  • Other offices · 6 to 5
    Mar 23, 2020 to Apr 20, 2020
  • Accounts · 6,776 to 8,704
    Feb 21, 2020 to Mar 23, 2020
  • Advisory employees · 38 to 44
    Feb 21, 2020 to Mar 23, 2020
  • BD registered reps · 39 to 43
    Feb 21, 2020 to Mar 23, 2020
  • Charity clients · 11 to 13
    Feb 21, 2020 to Mar 23, 2020
  • Corporate clients · 58 to 52
    Feb 21, 2020 to Mar 23, 2020
  • HNW clients · 510 to 915
    Feb 21, 2020 to Mar 23, 2020
  • Individual clients · 3,779 to 4,019
    Feb 21, 2020 to Mar 23, 2020
  • Pension plan clients · 1 to 11
    Feb 21, 2020 to Mar 23, 2020
  • Assets in custody · $138M to $236M
    Feb 21, 2020 to Mar 23, 2020
  • Employees · 46 to 52
    Feb 21, 2020 to Mar 23, 2020
  • Financial planning clients · 1-10 to 11-25
    Feb 21, 2020 to Mar 23, 2020
  • State-registered IARs · 35 to 42
    Feb 21, 2020 to Mar 23, 2020
  • Discretionary RAUM · $2.2B to $3.3B
    Feb 21, 2020 to Mar 23, 2020
  • HNW RAUM · $1.2B to $1.7B
    Feb 21, 2020 to Mar 23, 2020
  • Individual RAUM · $1.1B to $1.6B
    Feb 21, 2020 to Mar 23, 2020
  • Non-discretionary RAUM · $288M to $147M
    Feb 21, 2020 to Mar 23, 2020
  • Pension RAUM · $133,524 to $10.6M
    Feb 21, 2020 to Mar 23, 2020
  • RAUM · $2.5B to $3.5B
    Feb 21, 2020 to Mar 23, 2020
  • Wrap assets (manager) · $2.0B to $2.5B
    Feb 21, 2020 to Mar 23, 2020
  • Other offices · 5 to 6
    May 21, 2019 to Jun 20, 2019
  • Other offices · 3 to 5
    Mar 27, 2019 to May 21, 2019
Signals
2 dated events
  • Carroll Financial Associates Inc reported RAUM $3.5B, up 41% from $2.5B (2020-02-21 to 2020-03-23)
    Mar 23, 2020 · RAUM change · derived
  • Carroll Financial Associates Inc reported RAUM $2.5B, up 38% from $1.8B (2017-06-29 to 2018-03-22)
    Mar 22, 2018 · 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.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026