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
Financial Management, Inc.
Latest filing Apr 24, 2026
First filing on the tape Mar 30, 2012 · 16 filings
SEC status approved since Oct 11, 2022
RAUM
$224M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
43%
$96.8M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$28.1M
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$224M as of Apr 24, 2026
Mar 30, 2012$70.6M then
HNW client RAUM$65.7M as of Apr 24, 2026
Mar 22, 2023$48.3M then
State-registered IARs (5.B.3)5 as of Apr 24, 2026
Mar 30, 20120 then
Employees (5.A)6 as of Apr 24, 2026
Mar 22, 20234 then
Private funds: no history
RAUM +24% over the last fiscal year+29% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Apr 24, 2026; every figure names its basis
Archetypes, each a printed rule
- Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $28.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 18derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.5MderivedHNW RAUM over HNW clients
- Average account
- $572,586derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 53%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.8derivedItem 5.A over advisors
- Advisors per office
- 8.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -15%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
- Custody
- $37.3M, 84 clientsreportedItem 9.A
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$93.1M41%
- High-net-worth individuals$65.7M29%
- Individuals$31.1M14%
- Charitable organizations$25.3M11%
- Corporations and businesses$9.3M4.1%
- Individual clients
- 114reported
- HNW clients
- 26reported
- Pension plan clients
- 31reported
- Charitable clients
- 8reported
- Accounts
- 392reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $37.3M for 84 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.43 fund_share=0.0 institutional_share=0.53 related_bd=true related_bank=false bd_reps=1.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| John Burgoyne RobinsonCertified Financial Planner | Little Rock, Ar | May 12, 2003 | 39 y | 0 |
| Harold Franklin Grubbs | Little Rock, Ar | Jun 28, 2012 | 43 y | 1 |
| Jessica Lynne Wallace | Little Rock, Ar | Jan 3, 2017 | 19 y | 0 |
| Spencer Thomas Smith | Little Rock, Ar | Mar 24, 2025 | 12 y | 0 |
| Stephen Henry Goetze | Little Rock, Ar | Dec 9, 2025 | 11 y | 0 |
| Joseph Michael PerroneChartered Financial Analyst | Little Rock, Ar | Apr 22, 2026 | 24 y | 0 |
| James John StocktonChartered Financial Analyst | Collierville, Tn | Apr 22, 2026 | 20 y | 0 |
| Timothy Alan Coon | Little Rock, Ar | Aug 17, 2026 | 17 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 13% of current headcount1 left over 36 months
Left, latest
- Carter William Lowe to StephensOct 31, 2025 · RIA to affiliated broker-dealer or bank
- Michael Earl Peebles to Arvest Wealth ManagementOct 3, 2012 · Other
Joined, latest
- Carter William Lowe from Crews & Associates, Inc.Mar 7, 2024 · Affiliated broker-dealer or bank to independent RIA
- Harold Franklin Grubbs from Pinnacle Asset Management, LLCJun 28, 2012 · Other
- Michael Earl Peebles from Fortitude Advisory Group L.L.C.Feb 2, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Parrott Joseph Bumpers · Chief Financial Officercontrolsince 06/2022 · owns less than 5%
- Charles Dennis Clay · Chief Executive Officercontrolsince 06/2022 · owns less than 5%
- Heath Brandon Grubbs · Chief Investment Officercontrolsince 10/2009 · owns less than 5%
- Franklin Harold Grubbs · Presidentcontrolsince 11/1986 · owns less than 5%
- Lynne Jessica Wallace · Chief Compliance Officercontrolsince 01/2019 · owns less than 5%
Entity owners
- Crews Core Holding Company · Shareholderdirect · owns 75% or more
- First Security Bancorp · Ownerindirect · owns 75% or more of Crews Core Holding Company
Related persons
Schedule D 7.A
- Crews & Associates, Inc.broker-dealerinvestment adviserreal estatenRAUM $181M
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Little Rock, Ar · principal | 8 | 4 | 1 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- wealth to institutional shiftCombination · filing Apr 24, 2026private-client share fell 15 points or more while institutional share rose 15 points or more. RAUM $181,181,011 to $224,453,742, advisors 4 to 5, private clients 164 to 140, offices 0 to 0 (2025-03-20 to 2026-04-24)peers: independent wealth managers, $100M to $500M (5,676)
- high institutional concentrationStatic outlier · filing Apr 24, 2026institutional share of RAUM of 53% against a peer median of 0% (5676 comparable advisers, 99.0th percentile, 17.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 99% percentile
- client mix shiftChange between filings · filing Apr 24, 2026private-client share of RAUM moved from 81.0% to 43.0% between the annual amendments of 2025-03-20 and 2026-04-24peers: independent wealth managers, $100M to $500M (5,676)
- institutional asset share shiftChange between filings · filing Apr 24, 2026institutional share of RAUM moved from 19.0% to 57.0% between the annual amendments of 2025-03-20 and 2026-04-24peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 356 to 392Nov 11, 2025 to Mar 30, 2026
- Advisory employees · 3 to 5Nov 11, 2025 to Mar 30, 2026
- Charity clients · unset to 8.0Nov 11, 2025 to Mar 30, 2026
- Corporate clients · 10 to 5Nov 11, 2025 to Mar 30, 2026
- HNW clients · 22 to 26Nov 11, 2025 to Mar 30, 2026
- Individual clients · 142 to 114Nov 11, 2025 to Mar 30, 2026
- Pension plan clients · unset to 31.0Nov 11, 2025 to Mar 30, 2026
- Assets in custody · $31.4M to $37.3MNov 11, 2025 to Mar 30, 2026
- State-registered IARs · 4 to 5Nov 11, 2025 to Mar 30, 2026
- Discretionary RAUM · $181M to $224MNov 11, 2025 to Mar 30, 2026
- HNW RAUM · $50.6M to $65.7MNov 11, 2025 to Mar 30, 2026
- Individual RAUM · $96.9M to $31.1MNov 11, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $538,215 to $592,919Nov 11, 2025 to Mar 30, 2026
- Pension RAUM · $1.5M to $93.1MNov 11, 2025 to Mar 30, 2026
- RAUM · $181M to $224MNov 11, 2025 to Mar 30, 2026
- Financial planning clients · 0 to 0May 30, 2025 to Nov 11, 2025
- Accounts · 347 to 356Jan 3, 2025 to Mar 20, 2025
- Advisory employees · 4 to 3Jan 3, 2025 to Mar 20, 2025
- BD registered reps · 0 to 1Jan 3, 2025 to Mar 20, 2025
- HNW clients · 23 to 22Jan 3, 2025 to Mar 20, 2025
- Individual clients · 126 to 142Jan 3, 2025 to Mar 20, 2025
- Assets in custody · $29.0M to $31.4MJan 3, 2025 to Mar 20, 2025
- Employees · 4 to 6Jan 3, 2025 to Mar 20, 2025
- Discretionary RAUM · $118M to $181MJan 3, 2025 to Mar 20, 2025
- HNW RAUM · $54.2M to $50.6MJan 3, 2025 to Mar 20, 2025
- Individual RAUM · $32.9M to $96.9MJan 3, 2025 to Mar 20, 2025
- Non-discretionary RAUM · $556,352 to $538,215Jan 3, 2025 to Mar 20, 2025
- Pension RAUM · $1.3M to $1.5MJan 3, 2025 to Mar 20, 2025
- RAUM · $118M to $181MJan 3, 2025 to Mar 20, 2025
- Other offices · 1 to 0Mar 25, 2024 to Jan 3, 2025
- Accounts · 341 to 347Oct 27, 2023 to Mar 25, 2024
- HNW clients · 24 to 23Oct 27, 2023 to Mar 25, 2024
- Individual clients · 117 to 126Oct 27, 2023 to Mar 25, 2024
- Assets in custody · $33.9M to $29.0MOct 27, 2023 to Mar 25, 2024
- Discretionary RAUM · $105M to $118MOct 27, 2023 to Mar 25, 2024
- HNW RAUM · $48.3M to $54.2MOct 27, 2023 to Mar 25, 2024
- Individual RAUM · $29.2M to $32.9MOct 27, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $523,380 to $556,352Oct 27, 2023 to Mar 25, 2024
- Pension RAUM · $1.1M to $1.3MOct 27, 2023 to Mar 25, 2024
- RAUM · $105M to $118MOct 27, 2023 to Mar 25, 2024
Signals
7 dated events
- Carter William Lowe left Financial Management, Inc. for Stephens (registered 2025-11-05)Oct 31, 2025 · Advisor changed firm · fact
- Garrison Reed Marshall no longer registered at Financial Management, Inc.; no later IA registration on IAPDDec 18, 2024 · Advisor departure · fact
- Financial Management, Inc. filed its initial SEC registration (Form ADV)Sep 8, 2022 · First SEC registration · fact
- Lynne Jessica Wallace (Chief Compliance Officer) appeared on Schedule A of Financial Management, Inc.Sep 8, 2022 · Control person joined · fact
- Heath Brandon Grubbs (Chief Investment Officer) appeared on Schedule A of Financial Management, Inc.Sep 8, 2022 · Control person joined · fact
- Charles Dennis Clay (Chief Executive Officer) appeared on Schedule A of Financial Management, Inc.Sep 8, 2022 · Control person joined · fact
- Parrott Joseph Bumpers (Chief Financial Officer) appeared on Schedule A of Financial Management, Inc.Sep 8, 2022 · Control person joined · 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
- jlwallace@fmioffice.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 501-227-7400reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 501-227-9422reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/FMIOFFICE/?VIEWASMEMBER=TRUEreportedpublic record, Form ADV, Sep 17, 2026
- Website
- FMIOFFICE.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 501-227-7400reportedpublic record, Form ADV, Apr 24, 2026
- Team page
- FMIOFFICE.COM/our-teamreportedpublished by the firm, firm site, Sep 16, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $28.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026