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.

SEC-registered adviser

William Howard & Co. Financial Advisors, Inc.

Independent wealth managerMemphis, TennesseeCRD 105959SEC 801-31084websiteIAPD
Latest filing Mar 10, 2026
First filing on the tape Mar 29, 2012 · 34 filings
SEC status approved since Jan 28, 1988
RAUM
$342M
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
100%
$341M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$85.5M
derived; firm RAUM over IAPD count
Employees
10
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$342M as of Mar 10, 2026
Mar 29, 2012$126M then
HNW client RAUM$308M as of Mar 10, 2026
Mar 27, 2018$186M then
State-registered IARs (5.B.3)4 as of Mar 10, 2026
Mar 29, 20120 then
Employees (5.A)10 as of Mar 10, 2026
Mar 18, 20136 then
Private funds: no history
RAUM +6.7% over the last fiscal year+16% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 10, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
$85.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
42derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.2MderivedHNW RAUM over HNW clients
Average account
$629,929derivedRAUM over accounts (5.F.2.f)
Discretionary
95%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+6.7%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, educational seminarsreportedItem 5.G
Custody
$2.3M, 53 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
  • 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$308M90%
  • Individuals$33.6M9.8%
  • Pension and profit-sharing plans$773,1630.2%
Individual clients
94reported
HNW clients
73reported
Pension plan clients
9reported
Charitable clients
n/areported
Accounts
543reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$2.3M for 53 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
William Barker HowardCertified Financial Planner, Chartered Financial ConsultantMemphis, TnSep 8, 199539 y0
Brian Damon BartholCertified Financial PlannerMemphis, TnJul 16, 202128 y0
Heather Marie CoulterCertified Financial PlannerMemphis, TnJan 3, 202326 y2
Valerie Jeanne Lasher-AdelmanCertified Financial PlannerBoca Raton, Fl Jul 19, 202341 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Michael James Cullen · Chief Compliance Officercontrol
      since 05/2021 · owns less than 5%
    • Barker William Howard · Ceo/Presidentcontrol
      since 05/1987 · owns 75% or more
    • Edmond Randal Ellzey · Vice President - Secretary/Treasurer
      since 01/2004 · 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
    Memphis, Tn · principal400
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 557 to 543
      Feb 22, 2025 to Mar 10, 2026
    • HNW clients · 69 to 73
      Feb 22, 2025 to Mar 10, 2026
    • Individual clients · 104 to 94
      Feb 22, 2025 to Mar 10, 2026
    • Assets in custody · $2.9M to $2.3M
      Feb 22, 2025 to Mar 10, 2026
    • Discretionary RAUM · $304M to $326M
      Feb 22, 2025 to Mar 10, 2026
    • HNW RAUM · $281M to $308M
      Feb 22, 2025 to Mar 10, 2026
    • Individual RAUM · $39.0M to $33.6M
      Feb 22, 2025 to Mar 10, 2026
    • Non-discretionary RAUM · $16.9M to $16.5M
      Feb 22, 2025 to Mar 10, 2026
    • Pension RAUM · $579,786 to $773,163
      Feb 22, 2025 to Mar 10, 2026
    • RAUM · $321M to $342M
      Feb 22, 2025 to Mar 10, 2026
    • Accounts · 522 to 557
      Mar 4, 2024 to Feb 22, 2025
    • HNW clients · 67 to 69
      Mar 4, 2024 to Feb 22, 2025
    • Individual clients · 101 to 104
      Mar 4, 2024 to Feb 22, 2025
    • Pension plan clients · 7 to 9
      Mar 4, 2024 to Feb 22, 2025
    • Assets in custody · $2.7M to $2.9M
      Mar 4, 2024 to Feb 22, 2025
    • Employees · 7 to 10
      Mar 4, 2024 to Feb 22, 2025
    • Financial planning clients · 11-25 to 26-50
      Mar 4, 2024 to Feb 22, 2025
    • Discretionary RAUM · $276M to $304M
      Mar 4, 2024 to Feb 22, 2025
    • HNW RAUM · $254M to $281M
      Mar 4, 2024 to Feb 22, 2025
    • Individual RAUM · $35.4M to $39.0M
      Mar 4, 2024 to Feb 22, 2025
    • Non-discretionary RAUM · $14.4M to $16.9M
      Mar 4, 2024 to Feb 22, 2025
    • Pension RAUM · $912,539 to $579,786
      Mar 4, 2024 to Feb 22, 2025
    • RAUM · $290M to $321M
      Mar 4, 2024 to Feb 22, 2025
    • Accounts · 408 to 522
      Jul 19, 2023 to Mar 4, 2024
    • HNW clients · 55 to 67
      Jul 19, 2023 to Mar 4, 2024
    • Individual clients · 99 to 101
      Jul 19, 2023 to Mar 4, 2024
    • Pension plan clients · 5 to 7
      Jul 19, 2023 to Mar 4, 2024
    • Assets in custody · $2.3M to $2.7M
      Jul 19, 2023 to Mar 4, 2024
    • Discretionary RAUM · $210M to $276M
      Jul 19, 2023 to Mar 4, 2024
    • HNW RAUM · $203M to $254M
      Jul 19, 2023 to Mar 4, 2024
    • Individual RAUM · $18.2M to $35.4M
      Jul 19, 2023 to Mar 4, 2024
    • Non-discretionary RAUM · $11.8M to $14.4M
      Jul 19, 2023 to Mar 4, 2024
    • Pension RAUM · $733,539 to $912,539
      Jul 19, 2023 to Mar 4, 2024
    • RAUM · $222M to $290M
      Jul 19, 2023 to Mar 4, 2024
    • State-registered IARs · 2 to 4
      Mar 13, 2023 to Jul 19, 2023
    • Accounts · 390 to 408
      Aug 18, 2022 to Mar 13, 2023
    • Business name · WILLIAM HOWARD & CO FINANCIAL ADVISORS, INC. to WILLIAM HOWARD & CO. FINANCIAL ADVISORS, INC.
      Aug 18, 2022 to Mar 13, 2023
    • HNW clients · 59 to 55
      Aug 18, 2022 to Mar 13, 2023
    • Individual clients · 66 to 99
      Aug 18, 2022 to Mar 13, 2023
    • Pension plan clients · unset to 5.0
      Aug 18, 2022 to Mar 13, 2023
    Signals
    3 dated events
    • David Christopher Pack (Chief Compliance Officer) no longer on Schedule A of William Howard & Co. Financial Advisors, Inc. (listed 2021-09-08, absent 2022-03-16)
      Mar 16, 2022 · Control person left · inference
    • Michael James Cullen (Chief Compliance Officer) appeared on Schedule A of William Howard & Co. Financial Advisors, Inc.
      Mar 16, 2022 · Control person joined · fact
    • David Christopher Pack (Chief Compliance Officer) appeared on Schedule A of William Howard & Co. Financial Advisors, Inc.
      Jul 15, 2019 · Control person joined · fact
    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
    Business email
    whc@whcfa.comreportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    901-761-2217reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    901-761-5068reportedpublished by the firm, firm site, Sep 15, 2026
    Website
    WHCFA.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    901-761-5068reportedpublic record, Form ADV, Mar 10, 2026
    Contact form
    whcfa.com/contactreportedpublished by the firm, firm site, Sep 15, 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
    $85.5Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026