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
A•••• P••••••••• G•••• I••
Latest filing Mar 25, 2026
First filing on the tape Mar 14, 2012 · 24 filings
SEC status approved since Oct 22, 1999
RAUM
$321M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
100%
$321M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$161M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$321M as of Mar 25, 2026
Mar 14, 2012$130M then
HNW client RAUM$254M as of Mar 25, 2026
Mar 29, 2018$22.9M then
State-registered IARs (5.B.3)0 as of Mar 25, 2026
Mar 14, 20120 then
Employees (5.A)4 as of Mar 25, 2026
Mar 12, 20134 then
Private funds: no history
RAUM +15% over the last fiscal year+24% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $161MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 165derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $272,411derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.2%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Wrap fee program
- $321MreportedItem 5.I
- 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$254M79%
- Individuals$66.7M21%
- Individual clients
- 234reported
- HNW clients
- 96reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,179reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- 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=2.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• S•••• F•••••••Certified Financial Planner | Grapevine, Tx | Jan 5, 2009 | 35 y | 0 |
| V••••• R•••••• B••••••••• | Grapevine, Tx | Jan 5, 2009 | 39 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
- S•••••• R••••• J•••••• to H••••• I••••••••• M••••••••• L••Nov 6, 2019 · RIA to RIA
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••••••• V•••••• R•••••• · President, Chief Compliance Officercontrolsince 01/2023 · owns 50% to 75%
- F•••••••• M••••••• S•••• · Presidentcontrolsince 09/2011 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Grapevine, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,121 to 1,179Mar 21, 2025 to Mar 25, 2026
- HNW clients · 88 to 96Mar 21, 2025 to Mar 25, 2026
- Individual clients · 246 to 234Mar 21, 2025 to Mar 25, 2026
- Discretionary RAUM · $265M to $313MMar 21, 2025 to Mar 25, 2026
- HNW RAUM · $216M to $254MMar 21, 2025 to Mar 25, 2026
- Individual RAUM · $63.9M to $66.7MMar 21, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $14.2M to $8.0MMar 21, 2025 to Mar 25, 2026
- RAUM · $280M to $321MMar 21, 2025 to Mar 25, 2026
- Accounts · 1,226 to 1,121Mar 19, 2024 to Mar 21, 2025
- HNW clients · 163 to 88Mar 19, 2024 to Mar 21, 2025
- Individual clients · 304 to 246Mar 19, 2024 to Mar 21, 2025
- Financial planning clients · 251-500 to 0Mar 19, 2024 to Mar 21, 2025
- Discretionary RAUM · $260M to $265MMar 19, 2024 to Mar 21, 2025
- HNW RAUM · $193M to $216MMar 19, 2024 to Mar 21, 2025
- Individual RAUM · $70.2M to $63.9MMar 19, 2024 to Mar 21, 2025
- Non-discretionary RAUM · $3.6M to $14.2MMar 19, 2024 to Mar 21, 2025
- RAUM · $263M to $280MMar 19, 2024 to Mar 21, 2025
- Accounts · 651 to 1,226Nov 7, 2023 to Mar 19, 2024
- HNW clients · 80 to 163Nov 7, 2023 to Mar 19, 2024
- Individual clients · 309 to 304Nov 7, 2023 to Mar 19, 2024
- Financial planning clients · More than 500 to 251-500Nov 7, 2023 to Mar 19, 2024
- Discretionary RAUM · $130M to $260MNov 7, 2023 to Mar 19, 2024
- HNW RAUM · $105M to $193MNov 7, 2023 to Mar 19, 2024
- Individual RAUM · $64.5M to $70.2MNov 7, 2023 to Mar 19, 2024
- Non-discretionary RAUM · $39.2M to $3.6MNov 7, 2023 to Mar 19, 2024
- RAUM · $169M to $263MNov 7, 2023 to Mar 19, 2024
- Accounts · 1,002 to 651Jun 1, 2022 to Mar 20, 2023
- HNW clients · 83 to 80Jun 1, 2022 to Mar 20, 2023
- Individual clients · 339 to 309Jun 1, 2022 to Mar 20, 2023
- Employees · 2 to 4Jun 1, 2022 to Mar 20, 2023
- State-registered IARs · 2 to 0Jun 1, 2022 to Mar 20, 2023
- Discretionary RAUM · $118M to $130MJun 1, 2022 to Mar 20, 2023
- HNW RAUM · $117M to $105MJun 1, 2022 to Mar 20, 2023
- Individual RAUM · $69.0M to $64.5MJun 1, 2022 to Mar 20, 2023
- Non-discretionary RAUM · $68.5M to $39.2MJun 1, 2022 to Mar 20, 2023
- RAUM · $186M to $169MJun 1, 2022 to Mar 20, 2023
- Accounts · 675 to 1,002Mar 9, 2021 to Mar 28, 2022
- HNW clients · 73 to 83Mar 9, 2021 to Mar 28, 2022
- Individual clients · 248 to 339Mar 9, 2021 to Mar 28, 2022
- Financial planning clients · 251-500 to More than 500Mar 9, 2021 to Mar 28, 2022
Signals
2 dated events
- Stephen Mark Henderson (Ceo, Cco) no longer on Schedule A of A•••• P••••••••• G•••• I•• (listed 2022-06-01, absent 2023-03-20)Mar 20, 2023 · Control person left · inference
- Robert Stephen Jenkins (Chief Compliance Officer) no longer on Schedule A of A•••• P••••••••• G•••• I•• (listed 2019-03-20, absent 2020-03-13)Mar 13, 2020 · Control person left · inference
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
- gina@apg-advisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- russell@apg-advisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- steve@apg-advisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 817-251-1008reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 817-442-8555reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 817-506-9708reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- apg-advisors.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 817-251-1008reportedpublic record, Form ADV, Mar 25, 2026
- Contact form
- apg-advisors.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- apg-advisors.com/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
- $161Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026