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.

Former SEC-registered adviser

Bft Financial Group, LLC

Former SEC-registered adviserHurst, TexasCRD 109121SEC 801-57022IAPD
Latest filing Sep 1, 2021
First filing on the tape Mar 8, 2012 · 44 filings
RAUM
$609M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$609M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
22
22 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$609M as of Mar 10, 2021
Mar 8, 2012$322M then
HNW client RAUM$463M as of Mar 10, 2021
Jan 29, 2018$217M then
State-registered IARs (5.B.3)22 as of Mar 10, 2021
Mar 8, 20120 then
Employees (5.A)22 as of Mar 10, 2021
Mar 27, 201323 then
Private funds: no history
RAUM +8.4% over the last fiscal year+2.2% a year over threeIARs 19 to 22
Practice profile
derived from the filing of Sep 1, 2021; every figure names its basis
RAUM per advisor
$27.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
78derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.7MderivedHNW RAUM over HNW clients
Average account
$188,868derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.8derived8 offices incl. principal (1.F.5)
RAUM growth, one year
+8.4%derivedbetween the last two annual amendments
Advisor growth, one year
+16%derivedItem 5.B.3 between annual amendments
Client growth, one year
+41%derived
Compensation
percentage of assets, hourly, fixed fees, commissions, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Wrap fee program
$31.0MreportedItem 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
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$463M76%
  • Individuals$146M24%
Individual clients
1,531reported
HNW clients
174reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
3,226reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourly, commissionsreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • John Anthony Sivo · Finopcontrol
      since 08/2001 · owns less than 5%
    • Stephen Dallas Tally · Chief Compliance Officercontrol
      since 01/2003 · owns less than 5%
    • Jessica Carolyn Cutrera Papadopoulos · Managing Member
      since 08/2019 · owns 25% to 50% of Leo Capital Corp
    Entity owners
    • Leo Capital Corp. · Owner
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Advisers that list Bft Financial Group, LLC as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • Big Spring, TX3 employees
    • Rockwall, TX2 employees
    • Omaha, NE1 employees
    • Hong Kong, Hong Kong1 employees
    • Wichita Falls, TX1 employees
    • Gilbert, AZ1 employees
    • Amarillo, TX1 employees
    What changed
    consecutive filings, newest first
    • HQ city · BEDFORD to HURST
      Apr 16, 2021 to Apr 30, 2021
    • Accounts · 2,545 to 3,226
      Jun 17, 2020 to Mar 10, 2021
    • Advisory employees · 19 to 22
      Jun 17, 2020 to Mar 10, 2021
    • BD registered reps · 13 to 15
      Jun 17, 2020 to Mar 10, 2021
    • HNW clients · 149 to 174
      Jun 17, 2020 to Mar 10, 2021
    • Individual clients · 1,062 to 1,531
      Jun 17, 2020 to Mar 10, 2021
    • Employees · 21 to 22
      Jun 17, 2020 to Mar 10, 2021
    • State-registered IARs · 19 to 22
      Jun 17, 2020 to Mar 10, 2021
    • Discretionary RAUM · $562M to $609M
      Jun 17, 2020 to Mar 10, 2021
    • HNW RAUM · $396M to $463M
      Jun 17, 2020 to Mar 10, 2021
    • Individual RAUM · $166M to $146M
      Jun 17, 2020 to Mar 10, 2021
    • RAUM · $562M to $609M
      Jun 17, 2020 to Mar 10, 2021
    • Accounts · 3,746 to 2,545
      Sep 16, 2019 to Mar 2, 2020
    • Advisory employees · 17 to 19
      Sep 16, 2019 to Mar 2, 2020
    • BD registered reps · 15 to 13
      Sep 16, 2019 to Mar 2, 2020
    • HNW clients · 129 to 149
      Sep 16, 2019 to Mar 2, 2020
    • Individual clients · 1,480 to 1,062
      Sep 16, 2019 to Mar 2, 2020
    • Pension plan clients · 12 to 0
      Sep 16, 2019 to Mar 2, 2020
    • Employees · 19 to 21
      Sep 16, 2019 to Mar 2, 2020
    • Financial planning clients · 1-10 to 0
      Sep 16, 2019 to Mar 2, 2020
    • State-registered IARs · 17 to 19
      Sep 16, 2019 to Mar 2, 2020
    • Other offices · 8 to 7
      Sep 16, 2019 to Mar 2, 2020
    • Discretionary RAUM · $472M to $562M
      Sep 16, 2019 to Mar 2, 2020
    • HNW RAUM · $339M to $396M
      Sep 16, 2019 to Mar 2, 2020
    • Individual RAUM · $259M to $166M
      Sep 16, 2019 to Mar 2, 2020
    • Non-discretionary RAUM · $129M to $0
      Sep 16, 2019 to Mar 2, 2020
    • Pension RAUM · $2.4M to $0
      Sep 16, 2019 to Mar 2, 2020
    • RAUM · $600M to $562M
      Sep 16, 2019 to Mar 2, 2020
    • Advisory employees · 18 to 17
      May 28, 2019 to Jul 2, 2019
    • BD registered reps · 16 to 15
      May 28, 2019 to Jul 2, 2019
    • Employees · 20 to 19
      May 28, 2019 to Jul 2, 2019
    • State-registered IARs · 18 to 17
      May 28, 2019 to Jul 2, 2019
    • Advisory employees · 19 to 18
      May 24, 2019 to May 28, 2019
    • BD registered reps · 17 to 16
      May 24, 2019 to May 28, 2019
    • Employees · 21 to 20
      May 24, 2019 to May 28, 2019
    • State-registered IARs · 19 to 18
      May 24, 2019 to May 28, 2019
    • Advisory employees · 20 to 19
      Mar 12, 2019 to Mar 29, 2019
    • Employees · 22 to 21
      Mar 12, 2019 to Mar 29, 2019
    • State-registered IARs · 20 to 19
      Mar 12, 2019 to Mar 29, 2019
    • Other offices · 9 to 8
      Mar 12, 2019 to Mar 29, 2019
    Signals
    11 dated events
    • Charles Wesley Mckenzie left Bft Financial Group, Llc for Leo Wealth, Llc (registered 2021-08-09)
      Jan 3, 2022 · Advisor changed firm · fact
    • Aleksey Mironenko left Bft Financial Group, Llc for Leo Wealth, Llc (registered 2021-09-22)
      Jan 3, 2022 · Advisor changed firm · fact
    • Daniel Neil Savard left Bft Financial Group, Llc for Leo Wealth, Llc (registered 2021-09-28)
      Jan 3, 2022 · Advisor changed firm · fact
    • Jessica Carolyn Cutrera Papadopoulos left Bft Financial Group, Llc for Leo Wealth, Llc (registered 2021-10-11)
      Jan 3, 2022 · Advisor changed firm · fact
    • Travis Crowell left Bft Financial Group, Llc for Leo Wealth, Llc (registered 2021-10-11)
      Jan 3, 2022 · Advisor changed firm · fact
    • Richard Paul Dirkse left Bft Financial Group, Llc for Leo Wealth, Llc (registered 2021-10-08)
      Jan 3, 2022 · Advisor changed firm · fact
    • Renee Elizabeth Dirkse Sneed left Bft Financial Group, Llc for Leo Wealth, Llc (registered 2021-10-08)
      Jan 3, 2022 · Advisor changed firm · fact
    • Bft Financial Group, LLC's advisors moved to Leo Wealth, LLC (Hurst, TX): 5 of 7 registered, on the same day
      Jan 3, 2022 · Firm absorbed (people side) · derived
    • Earl Stephen Freeman (Member/Manager) no longer on Schedule A of Bft Financial Group, Llc (listed 2019-07-02, absent 2019-09-03)
      Sep 3, 2019 · Control person left · inference
    • Sammy Doyal Tally (Member/Manager) no longer on Schedule A of Bft Financial Group, Llc (listed 2019-05-24, absent 2019-05-28)
      May 28, 2019 · Control person left · inference
    • Bft Financial Group, Llc reported RAUM $571.0M, up 57% from $363.0M (2017-03-24 to 2018-01-29)
      Jan 29, 2018 · 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.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026