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
Sfmg Wealth Advisors
Legal name Sfmg, LLC.
Latest filing Jul 24, 2026
First filing on the tape Mar 23, 2012 · 43 filings
SEC status approved since Aug 11, 1993
RAUM
$3.0B
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
100%
$2.9B individuals and HNW
Advisors
17
registered through the firm on IAPD
RAUM per advisor
$174M
derived; firm RAUM over IAPD count
Employees
39
16 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$3.0B as of Jul 24, 2026
Mar 23, 2012$436M then
HNW client RAUM$2.6B as of Jul 24, 2026
Mar 30, 2018$1.1B then
State-registered IARs (5.B.3)11 as of Jul 24, 2026
Mar 27, 20137 then
Employees (5.A)39 as of Jul 24, 2026
Mar 27, 20139 then
Private funds1 as of Jul 24, 2026
Mar 13, 20261 then
RAUM +17% over the last fiscal year+16% a year over threeIARs 14 to 11offices 0 to 1
Practice profile
derived from the filing of Jul 24, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $174MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 57derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.2MderivedHNW RAUM over HNW clients
- Average account
- $684,009derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 8.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +17%derivedbetween the last two annual amendments
- Advisor growth, one year
- -21%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.1%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
- Financial planning clients
- 1,000reportedItem 5.H
- Custody
- $1.0B, 507 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.6B87%
- Individuals$373M13%
- Corporations and businesses$11.7M0.4%
- Charitable organizations$1.5M0.1%
- Pension and profit-sharing plans$142,7860.0%
- Individual clients
- 472reported
- HNW clients
- 496reported
- Pension plan clients
- 1reported
- Charitable clients
- 2reported
- Accounts
- 4,323reported
- Financial planning clients
- 1,000reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.0B for 507 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
17 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Craig Metz GreenwayCertified Financial Planner | Plano, Tx | Mar 9, 2000 | 27 y | 3 |
| David Wayne White | Plano, Tx | May 29, 2002 | 44 y | 0 |
| Kevin Wayne Margolis | Plano, Tx | Nov 17, 2004 | 24 y | 3 |
| Ryan Jay BlairCertified Financial Planner | Plano, Tx | Jan 5, 2009 | 20 y | 0 |
| James Taylor NippCertified Financial Planner | Plano, Tx | Dec 6, 2012 | 17 y | 0 |
| Shashin Girish ShahCertified Financial Planner, Chartered Financial Analyst | Plano, Tx | Jul 9, 2016 | 32 y | 2 |
| David Paul GambleCertified Financial Planner | Plano, Tx | Oct 4, 2016 | 23 y | 1 |
| Crystal Leigh BillingCertified Financial Planner | Plano, Tx | Oct 18, 2019 | 24 y | 3 |
| Shannon Taylor PopeCertified Financial Planner | Plano, Tx | Feb 10, 2021 | 13 y | 0 |
| Michael C CowlesCertified Financial Planner | Plano, Tx | Feb 10, 2021 | 13 y | 4 |
| Tyler Ray FloydCertified Financial Planner | Plano, Tx | Feb 10, 2021 | 13 y | 0 |
| Devin Jenea DelappCertified Financial Planner | Plano, Tx | Jun 30, 2021 | 12 y | 0 |
| Christopher Garrett CayetChartered Financial Analyst | Plano, Tx | Mar 17, 2022 | 10 y | 0 |
| Charles Martin ThomasCertified Financial Planner | Plano, Tx | May 3, 2022 | 12 y | 2 |
| Brett Elliot Rudman | Plano, Tx | Feb 19, 2026 | 10 y | 0 |
| Avery Jack KlatskyCertified Financial Planner | Plano, Tx | Feb 24, 2026 | 11 y | 0 |
| Tyler James TenneyCertified Financial Planner | Plano, Tx | Jul 22, 2026 | 10 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
- Richard Barry Johnson to Raymond James Financial Services Advisors, IncDec 23, 2009 · Other
- Kevin Wayne Margolis to Momentum Independent Network Inc.Nov 11, 2003 · Other
Joined, latest
- Charles Martin Thomas from Howard Financial Services, Ltd.May 3, 2022 · RIA to RIA
- Michael C Cowles from Td Ameritrade, Inc.Feb 10, 2021 · Other
- Crystal Leigh Billing from Cfo4life, L.P.Oct 18, 2019 · Other
- David Paul Gamble from Ppg Investments, LLCOct 4, 2016 · Other
- Shashin Girish Shah from Cambridge Investment Research Advisors, Inc.Jul 9, 2016 · Other
- Kevin Wayne Margolis from Tolleson Private Wealth ManagementNov 17, 2004 · Other
- Richard Barry Johnson from Avantax Advisory ServicesMay 29, 2002 · Other
- Craig Metz Greenway from Caton Consulting Group, PcMar 9, 2000 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Sfmg Knowledgeable Ee Fund | $376,821 | 12 | Jul 24, 2026 |
Owners and control persons
Schedule A and B, latest filing
- Leigh Crystal Billing · Chief Compliance Officer & Wealth Advisorcontrolsince 01/2021 · owns less than 5%
- Jay Ryan Blair · President & Managing Directorcontrolsince 01/2022 · owns 10% to 25%
- Garrett Christopher Cayet · Chief Investment Officercontrolsince 06/2021 · owns less than 5%
- Metz Craig Greenway · Stakeholdercontrolsince 12/2023 · owns 5% to 10%
- Melissa Hawkins · Director Of Operationscontrolsince 01/2022 · owns less than 5%
- Wayne Kevin Margolis · Ceo, Managing Director Directorcontrolsince 01/2005 · owns 25% to 50%
- Taylor James Nipp · Managing Directorcontrolsince 07/2020 · owns 5% to 10%
- Girish Shashin Shah · Managing Directorcontrolsince 07/2019 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Plano, Tx · principal | 17 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Jul 24, 2026BLAIR, RYAN, JAY (PRESIDENT & MANAGING DIRECTOR) left Schedule A between the filings of 2022-03-25 and 2026-07-24peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 3,983 to 4,323Sep 12, 2025 to Mar 13, 2026
- Corporate clients · 12 to 11Sep 12, 2025 to Mar 13, 2026
- HNW clients · 503 to 496Sep 12, 2025 to Mar 13, 2026
- Individual clients · 409 to 472Sep 12, 2025 to Mar 13, 2026
- Assets in custody · $829M to $1.0BSep 12, 2025 to Mar 13, 2026
- Employees · 38 to 39Sep 12, 2025 to Mar 13, 2026
- State-registered IARs · 14 to 11Sep 12, 2025 to Mar 13, 2026
- Private funds · unset to 1Sep 12, 2025 to Mar 13, 2026
- Discretionary RAUM · $2.3B to $2.7BSep 12, 2025 to Mar 13, 2026
- HNW RAUM · $2.4B to $2.6BSep 12, 2025 to Mar 13, 2026
- Individual RAUM · $146M to $373MSep 12, 2025 to Mar 13, 2026
- Non-discretionary RAUM · $236M to $283MSep 12, 2025 to Mar 13, 2026
- Pension RAUM · $87,530 to $142,786Sep 12, 2025 to Mar 13, 2026
- RAUM · $2.5B to $3.0BSep 12, 2025 to Mar 13, 2026
- Other offices · 0 to 1Apr 9, 2025 to Sep 12, 2025
- Accounts · 3,834 to 3,983Dec 11, 2024 to Apr 9, 2025
- Advisory employees · 18 to 16Dec 11, 2024 to Apr 9, 2025
- Corporate clients · 2 to 12Dec 11, 2024 to Apr 9, 2025
- HNW clients · 417 to 503Dec 11, 2024 to Apr 9, 2025
- Individual clients · 465 to 409Dec 11, 2024 to Apr 9, 2025
- Pension plan clients · 0 to 1Dec 11, 2024 to Apr 9, 2025
- Assets in custody · $675M to $829MDec 11, 2024 to Apr 9, 2025
- Employees · 37 to 38Dec 11, 2024 to Apr 9, 2025
- Financial planning clients · 251-500 to More than 500Dec 11, 2024 to Apr 9, 2025
- Discretionary RAUM · $2.1B to $2.3BDec 11, 2024 to Apr 9, 2025
- HNW RAUM · $1.9B to $2.4BDec 11, 2024 to Apr 9, 2025
- Individual RAUM · $354M to $146MDec 11, 2024 to Apr 9, 2025
- Non-discretionary RAUM · $192M to $236MDec 11, 2024 to Apr 9, 2025
- Pension RAUM · unset to 87530.0Dec 11, 2024 to Apr 9, 2025
- RAUM · $2.2B to $2.5BDec 11, 2024 to Apr 9, 2025
- Accounts · 3,633 to 3,834Aug 1, 2023 to Mar 26, 2024
- Advisory employees · 17 to 18Aug 1, 2023 to Mar 26, 2024
- Charity clients · 1 to 2Aug 1, 2023 to Mar 26, 2024
- Corporate clients · 0 to 2Aug 1, 2023 to Mar 26, 2024
- HNW clients · 427 to 417Aug 1, 2023 to Mar 26, 2024
- Individual clients · 440 to 465Aug 1, 2023 to Mar 26, 2024
- Pension plan clients · 1 to 0Aug 1, 2023 to Mar 26, 2024
- Assets in custody · $504M to $675MAug 1, 2023 to Mar 26, 2024
- Employees · 36 to 37Aug 1, 2023 to Mar 26, 2024
- Other offices · 1 to 0Aug 1, 2023 to Mar 26, 2024
Signals
5 dated events
- Melissa Hawkins (Director Of Operations) appeared on Schedule A of Sfmg Wealth AdvisorsMar 25, 2022 · Control person joined · fact
- Garrett Christopher Cayet (Chief Investment Officer) appeared on Schedule A of Sfmg Wealth AdvisorsMar 25, 2022 · Control person joined · fact
- Paul Gregory Morgan (Managing Director And Founder) no longer on Schedule A of Sfmg Wealth Advisors (listed 2021-03-30, absent 2021-05-06)May 6, 2021 · Control person left · inference
- Wayne David White (Managing Director) no longer on Schedule A of Sfmg Wealth Advisors (listed 2020-10-05, absent 2021-03-30)Mar 30, 2021 · Control person left · inference
- Leigh Crystal Billing (Chief Compliance Officer) appeared on Schedule A of Sfmg Wealth AdvisorsMar 30, 2021 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Sfmg Wealth Advisors · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Business phone
- 512-734-8180reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 972-960-6460reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/SFMG-WEALTH-ADVISORSreportedpublic record, Form ADV, Sep 17, 2026
- Website
- SFMG.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 972-960-6460reportedpublic record, Form ADV, Jul 24, 2026
- Team page
- sfmg.com/meet-the-teamreportedpublished 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
- $174Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026