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SEC-registered adviser

P•••••••• M••••••••• L••

Independent wealth managerAustin, TexasCRD 107129SEC 801-42052websiteIAPD
Latest filing Mar 25, 2026
First filing on the tape Mar 17, 2012 · 22 filings
SEC status approved since Aug 3, 1992
RAUM
$152M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$152M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$76.0M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$152M as of Mar 25, 2026
Mar 17, 2012$90.7M then
HNW client RAUM$140M as of Mar 25, 2026
Mar 6, 2018$121M then
State-registered IARs (5.B.3)2 as of Mar 25, 2026
Mar 17, 20120 then
Employees (5.A)3 as of Mar 25, 2026
Mar 19, 20131 then
Private funds: no history
RAUM +5.2% over the last fiscal year+4.8% a year over threeIARs 2 to 2offices 1 to 0
Practice profile
derived from the filing of Mar 25, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$76.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
56derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$493,284derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+5.2%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 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • 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
  • High-net-worth individuals$140M92%
  • Individuals$11.7M7.7%
Individual clients
46reported
HNW clients
65reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
308reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• W••••••• K••••Certified Financial PlannerAustin, TxOct 15, 201443 y0
B•••••• E••• K•••• L••••••Certified Financial PlannerAustin, TxJan 2, 201910 y0
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
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • K••••• R••••••• W••••••• · Owner/Presidentcontrol
        since 07/1992 · owns 75% or more
      • L••••••• B••••••• E••• K•••• · Vice President/Chief Compliance Officercontrol
        since 01/2020 · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Austin, Tx · principal200
      Offices
      Schedule D 1.F, the 25 largest
      • Sugar Land, TX1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 339 to 308
        Mar 28, 2025 to Mar 25, 2026
      • HNW clients · 64 to 65
        Mar 28, 2025 to Mar 25, 2026
      • Individual clients · 51 to 46
        Mar 28, 2025 to Mar 25, 2026
      • Other offices · 1 to 0
        Mar 28, 2025 to Mar 25, 2026
      • Discretionary RAUM · $144M to $152M
        Mar 28, 2025 to Mar 25, 2026
      • HNW RAUM · $132M to $140M
        Mar 28, 2025 to Mar 25, 2026
      • Individual RAUM · $12.1M to $11.7M
        Mar 28, 2025 to Mar 25, 2026
      • RAUM · $144M to $152M
        Mar 28, 2025 to Mar 25, 2026
      • Accounts · 334 to 339
        Mar 27, 2024 to Mar 28, 2025
      • HNW clients · 49 to 64
        Mar 27, 2024 to Mar 28, 2025
      • Individual clients · 70 to 51
        Mar 27, 2024 to Mar 28, 2025
      • Financial planning clients · 0 to 0
        Mar 27, 2024 to Mar 28, 2025
      • Discretionary RAUM · $140M to $144M
        Mar 27, 2024 to Mar 28, 2025
      • HNW RAUM · $118M to $132M
        Mar 27, 2024 to Mar 28, 2025
      • Individual RAUM · $21.7M to $12.1M
        Mar 27, 2024 to Mar 28, 2025
      • RAUM · $140M to $144M
        Mar 27, 2024 to Mar 28, 2025
      • Accounts · 332 to 334
        Mar 29, 2023 to Mar 27, 2024
      • Individual clients · 68 to 70
        Mar 29, 2023 to Mar 27, 2024
      • Discretionary RAUM · $132M to $140M
        Mar 29, 2023 to Mar 27, 2024
      • HNW RAUM · $111M to $118M
        Mar 29, 2023 to Mar 27, 2024
      • Individual RAUM · $20.5M to $21.7M
        Mar 29, 2023 to Mar 27, 2024
      • RAUM · $132M to $140M
        Mar 29, 2023 to Mar 27, 2024
      • Accounts · 330 to 332
        Mar 28, 2022 to Mar 29, 2023
      • HNW clients · 53 to 49
        Mar 28, 2022 to Mar 29, 2023
      • Individual clients · 63 to 68
        Mar 28, 2022 to Mar 29, 2023
      • Discretionary RAUM · $151M to $132M
        Mar 28, 2022 to Mar 29, 2023
      • HNW RAUM · $131M to $111M
        Mar 28, 2022 to Mar 29, 2023
      • Individual RAUM · $20.0M to $20.5M
        Mar 28, 2022 to Mar 29, 2023
      • RAUM · $151M to $132M
        Mar 28, 2022 to Mar 29, 2023
      • Accounts · 312 to 330
        Mar 11, 2021 to Mar 28, 2022
      • Advisory employees · 2 to 3
        Mar 11, 2021 to Mar 28, 2022
      • HNW clients · 42 to 53
        Mar 11, 2021 to Mar 28, 2022
      • Individual clients · 74 to 63
        Mar 11, 2021 to Mar 28, 2022
      • Employees · 2 to 3
        Mar 11, 2021 to Mar 28, 2022
      • Discretionary RAUM · $141M to $151M
        Mar 11, 2021 to Mar 28, 2022
      • HNW RAUM · $110M to $131M
        Mar 11, 2021 to Mar 28, 2022
      • Individual RAUM · $30.2M to $20.0M
        Mar 11, 2021 to Mar 28, 2022
      • RAUM · $141M to $151M
        Mar 11, 2021 to Mar 28, 2022
      • Accounts · 328 to 312
        Oct 15, 2020 to Mar 11, 2021
      • HNW clients · 45 to 42
        Oct 15, 2020 to Mar 11, 2021
      Signals
      2 dated events
      • E••• K•••• B•••••• Ledonne (Vice President/Chief Compliance Officer) appeared on Schedule A of P•••••••• M••••••••• L••
        Jan 28, 2020 · Control person joined · fact
      • P•••••••• M••••••••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Sep 30, 2014 · Succession (Item 4) · 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
      i•••@p•••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
      Business phone
      512-222-4035reportedpublished by the firm, firm site, Sep 16, 2026
      Website
      w••.p•••••••.comreportedpublic record, Form ADV, Mar 25, 2026
      Principal office phone
      512-222-4035reportedpublic record, Form ADV, Mar 25, 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
      $76.0Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026