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
R••••• H••••••• I•••••••••
Legal name R••••• H•••••• I•••••••••
Latest filing Mar 6, 2026
First filing on the tape Mar 28, 2012 · 28 filings
SEC status approved since Oct 28, 1991
RAUM
$885M
reported, Item 5.F
Discretionary
0.4%
of RAUM
Private clients
20%
$178M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$148M
derived; firm RAUM over IAPD count
Employees
5
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$885M as of Mar 6, 2026
Mar 28, 2012$3.3B then
HNW client RAUM$178M as of Mar 6, 2026
Mar 19, 2018$68.7M then
State-registered IARs (5.B.3)5 as of Mar 6, 2026
Mar 28, 20120 then
Employees (5.A)5 as of Mar 6, 2026
Mar 11, 20137 then
Private funds: no history
RAUM -7.7% over the last fiscal year+1.8% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 6, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- RAUM per advisor
- $148MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 8derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.7MderivedHNW RAUM over HNW clients
- Average account
- $13.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.4%derivedof RAUM
- Institutional
- 67%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 6.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -7.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -9.4%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $885M, 66 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
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- State and municipal entities$460M55%
- High-net-worth individuals$178M21%
- Charitable organizations$85.4M10%
- Banks and thrifts$61.4M7.4%
- Pension and profit-sharing plans$44.6M5.4%
- Corporations and businesses$3.2M0.4%
- Individual clients
- 0reported
- HNW clients
- 48reported
- Pension plan clients
- 1reported
- Charitable clients
- 6reported
- Accounts
- 67reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $885M for 66 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.2 fund_share=0.0 institutional_share=0.67 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R••••• L•• H•••••• | Austin, Tx | Nov 19, 1991 | 27 y | 0 |
| S••••• K••• L••••••••• | Austin, Tx | Feb 9, 1994 | 35 y | 0 |
| D•••• H••••• J•••• | Austin, Tx | Sep 14, 2010 | 25 y | 3 |
| W•••••• B••••• H•••••• | Austin, Tx | Jan 4, 2011 | 28 y | 2 |
| C•••••• B•••••• S•••• | Austin, Tx | Apr 7, 2014 | 14 y | 1 |
| V•••• M•••••• A•••••Chartered Financial Analyst | Austin, Tx | Dec 12, 2024 | 35 y | 1 |
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
- B••••••• B•••••• N••••• to C•••••• I••••••••• C••••••••• L••Jul 30, 2010 · Other
- W•••••• B••••• H•••••• to D••••••• D••• A•• C••••••••• L••Sep 14, 2009 · Other
Joined, latest
- V•••• M•••••• A••••• from F•••• I••••••••• A•••••••• L••Dec 12, 2024 · Other
- C•••••• B•••••• S•••• from F••••••••• C••••••• L••Apr 7, 2014 · Other
- W•••••• B••••• H•••••• from D••••••• D••• A•• C••••••••• L••Jan 4, 2011 · Other
- D•••• H••••• J•••• from C••• C•••••• M••••••••• L••Sep 14, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H••••••• R•••••• L•• · Chief Executive Officercontrolsince 07/1991 · owns 25% to 50%
- L••••••••• S•••••• K••• · President/Secretary/Treasurer/Chief Operating Officercontrolsince 12/2009 · owns 50% to 75%
- H••••••• W••••••• B••••• · Chief Compliance Officersince 01/2018 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Austin, Tx · principal | 6 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- unusually large average accountStatic outlier · filing Mar 6, 2026RAUM per account of $13,213,385 against a peer median of $610,947 (1443 comparable advisers, 100.0th percentile, 8.5 robust deviations)peers: independent wealth managers, $500M to $1B (1,443) · 100% percentile
- high institutional concentrationStatic outlier · filing Mar 6, 2026institutional share of RAUM of 67% against a peer median of 2% (1482 comparable advisers, 99.0th percentile, 22.0 robust deviations)peers: independent wealth managers, $500M to $1B (1,482) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 88 to 67Mar 13, 2025 to Mar 6, 2026
- Charity clients · 5 to 6Mar 13, 2025 to Mar 6, 2026
- HNW clients · 53 to 48Mar 13, 2025 to Mar 6, 2026
- Assets in custody · $64.7M to $885MMar 13, 2025 to Mar 6, 2026
- Discretionary RAUM · $4.1M to $3.5MMar 13, 2025 to Mar 6, 2026
- HNW RAUM · $175M to $178MMar 13, 2025 to Mar 6, 2026
- Non-discretionary RAUM · $955M to $882MMar 13, 2025 to Mar 6, 2026
- Pension RAUM · $39.6M to $44.6MMar 13, 2025 to Mar 6, 2026
- RAUM · $959M to $885MMar 13, 2025 to Mar 6, 2026
- Accounts · 69 to 88Dec 16, 2024 to Mar 13, 2025
- Charity clients · 6 to 5Dec 16, 2024 to Mar 13, 2025
- Assets in custody · $0 to $64.7MDec 16, 2024 to Mar 13, 2025
- Financial planning clients · unset to Dec 16, 2024 to Mar 13, 2025
- Discretionary RAUM · $4.1M to $4.1MDec 16, 2024 to Mar 13, 2025
- HNW RAUM · $163M to $175MDec 16, 2024 to Mar 13, 2025
- Non-discretionary RAUM · $837M to $955MDec 16, 2024 to Mar 13, 2025
- Pension RAUM · $35.4M to $39.6MDec 16, 2024 to Mar 13, 2025
- RAUM · $841M to $959MDec 16, 2024 to Mar 13, 2025
- Advisory employees · 3 to 5Mar 6, 2024 to Dec 16, 2024
- Employees · 4 to 5Mar 6, 2024 to Dec 16, 2024
- State-registered IARs · 3 to 5Mar 6, 2024 to Dec 16, 2024
- Accounts · 97 to 69Mar 20, 2023 to Mar 6, 2024
- HNW clients · 79 to 53Mar 20, 2023 to Mar 6, 2024
- Discretionary RAUM · $5.6M to $4.1MMar 20, 2023 to Mar 6, 2024
- HNW RAUM · $151M to $163MMar 20, 2023 to Mar 6, 2024
- Non-discretionary RAUM · $833M to $837MMar 20, 2023 to Mar 6, 2024
- Pension RAUM · $31.6M to $35.4MMar 20, 2023 to Mar 6, 2024
- RAUM · $838M to $841MMar 20, 2023 to Mar 6, 2024
- Accounts · 79 to 97Jan 27, 2023 to Mar 20, 2023
- Charity clients · 7 to 6Jan 27, 2023 to Mar 20, 2023
- HNW clients · 61 to 79Jan 27, 2023 to Mar 20, 2023
- Assets in custody · $70.4M to $0Jan 27, 2023 to Mar 20, 2023
- Discretionary RAUM · $6.9M to $5.6MJan 27, 2023 to Mar 20, 2023
- HNW RAUM · $191M to $151MJan 27, 2023 to Mar 20, 2023
- Non-discretionary RAUM · $906M to $833MJan 27, 2023 to Mar 20, 2023
- Pension RAUM · $40.0M to $31.6MJan 27, 2023 to Mar 20, 2023
- RAUM · $913M to $838MJan 27, 2023 to Mar 20, 2023
- Advisory employees · 6 to 3Sep 29, 2022 to Jan 27, 2023
- Employees · 7 to 4Sep 29, 2022 to Jan 27, 2023
- State-registered IARs · 6 to 3Sep 29, 2022 to Jan 27, 2023
Signals
1 dated events
- R••••• H••••••• I••••••••• reported RAUM $670.8M, up 32% from $509.7M (2019-02-19 to 2020-03-13)Mar 13, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- R••••• H••••••• I••••••••• · Family Officesshared crd · office
How to reach
public business contact points only, each with its source
- Business email
- rhi@harrell.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-795-0633reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-795-9100reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 512-795-9100reportedpublic record, Form ADV, Mar 6, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $148Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026