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
S••••• M••••••••• I••
Latest filing Mar 18, 2026
First filing on the tape Jan 27, 2012 · 20 filings
SEC status approved since Dec 3, 1990
RAUM
$5.4B
reported, Item 5.F
Discretionary
6.2%
of RAUM
Private clients
3.2%
$175M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$1.8B
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$5.4B as of Mar 18, 2026
Jan 27, 2012$6.1B then
HNW client RAUM$175M as of Mar 18, 2026
Feb 27, 2018$144M then
State-registered IARs (5.B.3)2 as of Mar 18, 2026
Jan 27, 20120 then
Employees (5.A)5 as of Mar 18, 2026
Jan 9, 20137 then
Private funds: no history
RAUM -30% over the last fiscal year-18% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
- RAUM per advisor
- $1.8BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.1MderivedHNW RAUM over HNW clients
- Average account
- $61.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 6.2%derivedof RAUM
- Institutional
- 2.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -30%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, fixed fees, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, publications, educational seminarsreportedItem 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
- 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
- Banks and thrifts$5.1B93%
- High-net-worth individuals$175M3.2%
- Charitable organizations$94.3M1.7%
- Corporations and businesses$65.4M1.2%
- State and municipal entities$20.0M0.4%
- Individual clients
- n/areported
- HNW clients
- 34reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 88reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.03 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| G••••• M••••• D••••Chartered Financial Analyst | Wichita Falls, Tx | Jun 30, 2006 | 37 y | 0 |
| N•••• M••••• C••••• | Wichita Falls, Tx | Aug 18, 2006 | 37 y | 0 |
| G••••• M••••• D•••• | Wichita Falls, Tx | Aug 18, 2006 | 27 y | 0 |
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
- D••••• G•••••• M••••• · Chief Compliance Officer/Chairmancontrolsince 12/1990 · owns 75% or more
- D••••• B•••••• B••••• · Directorsince 10/1991 · owns less than 5%
- D••••• G•••••• M••••• · Presidentsince 12/2016 · owns less than 5%
- R•••••• S•••••••• D•••••• · Vice Pres Operationssince 12/2003 · 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 |
|---|---|---|---|---|---|
| Wichita Falls, Tx · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM down 25 %Change between filings · filing Mar 18, 2026RAUM (Item 5.F) moved from $7,813,115,610 to $5,440,124,412 (-30.0%) between the annual amendments of 2025-03-11 and 2026-03-18; the peer median change was +9.0% (119 comparable advisers, 3.0th percentile of changes)peers: other advisers, $5B to $20B (119) · 2.5% percentile
What changed
consecutive filings, newest first
- Accounts · 90 to 88Mar 11, 2025 to Mar 18, 2026
- Corporate clients · 1 to 2Mar 11, 2025 to Mar 18, 2026
- HNW clients · 30 to 34Mar 11, 2025 to Mar 18, 2026
- Individual clients · 6.0 to unsetMar 11, 2025 to Mar 18, 2026
- Discretionary RAUM · $261M to $335MMar 11, 2025 to Mar 18, 2026
- HNW RAUM · $173M to $175MMar 11, 2025 to Mar 18, 2026
- Individual RAUM · 2085697.0 to unsetMar 11, 2025 to Mar 18, 2026
- Non-discretionary RAUM · $7.6B to $5.1BMar 11, 2025 to Mar 18, 2026
- RAUM · $7.8B to $5.4BMar 11, 2025 to Mar 18, 2026
- Accounts · 102 to 90Mar 15, 2024 to Mar 11, 2025
- HNW clients · 35 to 30Mar 15, 2024 to Mar 11, 2025
- Individual clients · 7 to 6Mar 15, 2024 to Mar 11, 2025
- Financial planning clients · 101-250 to 51-100Mar 15, 2024 to Mar 11, 2025
- Discretionary RAUM · $235M to $261MMar 15, 2024 to Mar 11, 2025
- HNW RAUM · $164M to $173MMar 15, 2024 to Mar 11, 2025
- Individual RAUM · $1.6M to $2.1MMar 15, 2024 to Mar 11, 2025
- Non-discretionary RAUM · $8.3B to $7.6BMar 15, 2024 to Mar 11, 2025
- RAUM · $8.5B to $7.8BMar 15, 2024 to Mar 11, 2025
- Accounts · 112 to 102Mar 30, 2023 to Mar 15, 2024
- Corporate clients · 2 to 1Mar 30, 2023 to Mar 15, 2024
- HNW clients · 34 to 35Mar 30, 2023 to Mar 15, 2024
- Discretionary RAUM · $233M to $235MMar 30, 2023 to Mar 15, 2024
- HNW RAUM · $172M to $164MMar 30, 2023 to Mar 15, 2024
- Individual RAUM · $2.0M to $1.6MMar 30, 2023 to Mar 15, 2024
- Non-discretionary RAUM · $9.7B to $8.3BMar 30, 2023 to Mar 15, 2024
- RAUM · $10.0B to $8.5BMar 30, 2023 to Mar 15, 2024
- Accounts · 116 to 112Nov 15, 2022 to Mar 30, 2023
- Advisory employees · 3 to 2Nov 15, 2022 to Mar 30, 2023
- Charity clients · unset to 2.0Nov 15, 2022 to Mar 30, 2023
- Corporate clients · unset to 2.0Nov 15, 2022 to Mar 30, 2023
- HNW clients · 36 to 34Nov 15, 2022 to Mar 30, 2023
- Individual clients · 8 to 7Nov 15, 2022 to Mar 30, 2023
- Employees · 8 to 5Nov 15, 2022 to Mar 30, 2023
- Financial planning clients · 0 to 101-250Nov 15, 2022 to Mar 30, 2023
- State-registered IARs · 3 to 2Nov 15, 2022 to Mar 30, 2023
- Discretionary RAUM · $268M to $233MNov 15, 2022 to Mar 30, 2023
- HNW RAUM · $185M to $172MNov 15, 2022 to Mar 30, 2023
- Individual RAUM · $2.8M to $2.0MNov 15, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $9.5B to $9.7BNov 15, 2022 to Mar 30, 2023
- RAUM · $9.7B to $10.0BNov 15, 2022 to Mar 30, 2023
Signals
3 dated events
- S••••• M••••••••• I•• reported RAUM $5.4B, down 30% from $7.8B (2025-03-11 to 2026-03-18)Mar 18, 2026 · RAUM change · derived
- Niley Church (Exec. Vice President) no longer on Schedule A of S••••• M••••••••• I•• (listed 2022-11-15, absent 2023-03-30)Mar 30, 2023 · Control person left · inference
- S••••• M••••••••• I•• reported RAUM $9.7B, up 63% from $6.0B (2021-03-23 to 2022-03-23)Mar 23, 2022 · 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.
How to reach
public business contact points only, each with its source
- Website
- S•••••MANAGEMENT.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 940-696-2100reportedpublic record, Form ADV, Mar 18, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.8Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026