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

Sector Capital Management, L.L.C.

Former SEC-registered adviserMemphis, TennesseeCRD 106782SEC 801-48119IAPD
Latest filing Mar 25, 2015
First filing on the tape Apr 2, 2012 · 10 filings
RAUM
$100M
reported, Item 5.F
Discretionary
37%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$100M as of Mar 25, 2015
Apr 2, 2012$700M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2015
Apr 2, 20120 then
Employees (5.A)4 as of Mar 25, 2015
Apr 3, 20136 then
Private funds: no history
RAUM -9.1% over the last fiscal year-48% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2015; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$917,431derivedRAUM over accounts (5.F.2.f)
Discretionary
37%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-9.1%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminars, otherreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
109reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
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
    • David Reed Walters · President & Ceo / Ccocontrol
      since 05/2009 · owns 75% or more
    • Lewis William Gurner · Portfolio Manager And Assistant Compliance Officer
      since 01/1995 · owns less than 5%
    • Louis Kenneth Riffle · Vice President Marketing & Client Services / Equity Analyst
      since 02/1996 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 100 to 109
      Jun 16, 2014 to Mar 25, 2015
    • Discretionary RAUM · $70.0M to $37.4M
      Jun 16, 2014 to Mar 25, 2015
    • Non-discretionary RAUM · $40.0M to $62.6M
      Jun 16, 2014 to Mar 25, 2015
    • RAUM · $110M to $100M
      Jun 16, 2014 to Mar 25, 2015
    • Accounts · 1,377 to 100
      Dec 13, 2013 to Mar 25, 2014
    • Discretionary RAUM · $563M to $70.0M
      Dec 13, 2013 to Mar 25, 2014
    • Non-discretionary RAUM · $296M to $40.0M
      Dec 13, 2013 to Mar 25, 2014
    • RAUM · $859M to $110M
      Dec 13, 2013 to Mar 25, 2014
    • Business name · ARGENT SECTOR CAPITAL MANAGEMENT, LLC to SECTOR CAPITAL MANAGEMENT, L.L.C.
      Oct 29, 2013 to Oct 30, 2013
    • Legal name · ARGENT SECTOR CAPITAL MANAGEMENT, LLC to SECTOR CAPITAL MANAGEMENT, L.L.C.
      Oct 29, 2013 to Oct 30, 2013
    • Advisory employees · 5 to 3
      Apr 3, 2013 to Oct 29, 2013
    • Advisory activities · 5 to 7
      Apr 3, 2013 to Oct 29, 2013
    • Employees · 6 to 4
      Apr 3, 2013 to Oct 29, 2013
    • Related adviser · true to false
      Apr 3, 2013 to Oct 29, 2013
    • Accounts · 450 to 1,377
      Apr 2, 2012 to Apr 3, 2013
    • Advisory employees · unset to 5.0
      Apr 2, 2012 to Apr 3, 2013
    • Business name · SECTOR CAPITAL MANAGEMENT LLC to ARGENT SECTOR CAPITAL MANAGEMENT, LLC
      Apr 2, 2012 to Apr 3, 2013
    • Employees · unset to 6.0
      Apr 2, 2012 to Apr 3, 2013
    • Legal name · SECTOR CAPITAL MANAGEMENT LLC to ARGENT SECTOR CAPITAL MANAGEMENT, LLC
      Apr 2, 2012 to Apr 3, 2013
    • Discretionary RAUM · $685M to $563M
      Apr 2, 2012 to Apr 3, 2013
    • Non-discretionary RAUM · $15.0M to $296M
      Apr 2, 2012 to Apr 3, 2013
    • RAUM · $700M to $859M
      Apr 2, 2012 to Apr 3, 2013
    Signals
    No event on the tape.
    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