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
Newsouth Capital Management Inc
Latest filing Aug 10, 2026
First filing on the tape Dec 23, 2011 · 29 filings
SEC status approved since Jun 21, 1985
RAUM
$2.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
28%
$630M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$319M
derived; firm RAUM over IAPD count
Employees
11
8 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$2.2B as of Aug 10, 2026
Jun 22, 2012$2.2B then
HNW client RAUM$628M as of Aug 10, 2026
Jun 20, 2018$513M then
State-registered IARs (5.B.3)8 as of Aug 10, 2026
Jun 22, 20120 then
Employees (5.A)11 as of Aug 10, 2026
Jun 26, 201311 then
Private funds1 as of Aug 10, 2026
Jun 22, 20121 then
RAUM -4.7% over the last fiscal year-14% a year over threeIARs 9 to 8
Practice profile
derived from the filing of Aug 10, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- RAUM per advisor
- $319MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 15derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.3MderivedHNW RAUM over HNW clients
- Average account
- $14.2MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 60%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- -11%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.9%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $119M, 1 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$628M28%
- Charitable organizations$603M27%
- Pension and profit-sharing plans$406M18%
- State and municipal entities$327M15%
- Corporations and businesses$121M5.5%
- Pooled investment vehicles$119M5.4%
- Individuals$2.3M0.1%
- Individual clients
- 6reported
- HNW clients
- 99reported
- Pension plan clients
- 6reported
- Charitable clients
- 33reported
- Accounts
- 157reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $18.2M managedreported
- Custody of client assets
- $119M for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.28 fund_share=0.05 institutional_share=0.6 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Stephen MorrowChartered Financial Analyst | Memphis, Tn | Jun 27, 1985 | 41 y | 0 |
| Patrick John DanehyChartered Financial Analyst | Memphis, Tn | Feb 9, 1995 | 35 y | 0 |
| Andrew Leigh MacqueenChartered Financial Analyst | Memphis, Tn | Jan 2, 1998 | 38 y | 0 |
| Alexander Duncan McleanChartered Financial Analyst | Memphis, Tn | Jun 15, 1999 | 27 y | 0 |
| Andrew Blake RutlinChartered Financial Analyst | Memphis, Tn | Oct 8, 2012 | 17 y | 1 |
| Michael Nelson BaileyChartered Financial Analyst | Memphis, Tn | Jul 31, 2014 | 15 y | 0 |
| Paul R ShiffletChartered Financial Analyst | Memphis, Tn | Jul 19, 2021 | 11 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
- William Van Thompson to Nfc Investments, LLCJan 10, 2006 · Other
- Charles Kyle Slatery to Nfc Investments, LLCJul 2, 2004 · Other
Joined, latest
- Andrew Blake Rutlin from Netols Asset Management IncOct 8, 2012 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Newsouth Special Equities, LP | Hedge Fund | $119M | 37 | Mar 27, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Trowbridge Paul Gillespie · Shareholdercontrolsince 06/1985 · owns 25% to 50%
- Duncan Alexander Mclean · Director, Executive Vice President, Co- Ciocontrolsince 04/2021 · owns 10% to 25%
- Stephen David Morrow · Director, President, Co-Ciocontrolsince 06/1985 · owns 25% to 50%
- Michael David Newman · Director, Chief Financial Officercontrolsince 04/1995 · owns less than 5%
- Nelson Michael Bailey · Vice Presidentsince 01/2026 · owns 5% to 10%
- John Patrick Danehy · Chief Compliance Officersince 06/2004 · owns 5% to 10%
- Leigh Andrew Macqueen · Vice Presidentsince 09/2025 · owns 5% to 10%
- Blake Andrew Rutlin · Vice Presidentsince 09/2025 · owns 5% to 10%
- Ann Stephanie Simpson · Chief Administrative Officersince 11/2019 · owns less than 5%
- Massey David Wilds · Shareholdersince 10/2007 · 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 |
|---|---|---|---|---|---|
| Memphis, Tn · principal | 7 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Aug 10, 2026institutional share of RAUM of 60% against a peer median of 3% (1360 comparable advisers, 98.0th percentile, 14.2 robust deviations)peers: independent wealth managers, $1B to $5B (1,360) · 98% percentile
- control person changedChange between filings · filing Aug 10, 2026GILLESPIE, PAUL, TROWBRIDGE (SHAREHOLDER) left Schedule A between the filings of 2019-11-25 and 2026-08-10peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 170 to 157Jun 25, 2025 to Jun 29, 2026
- Charity clients · 36 to 33Jun 25, 2025 to Jun 29, 2026
- HNW clients · 104 to 99Jun 25, 2025 to Jun 29, 2026
- Individual clients · 10 to 6Jun 25, 2025 to Jun 29, 2026
- Assets in custody · $105M to $119MJun 25, 2025 to Jun 29, 2026
- Discretionary RAUM · $2.2B to $2.2BJun 25, 2025 to Jun 29, 2026
- HNW RAUM · $639M to $628MJun 25, 2025 to Jun 29, 2026
- Individual RAUM · $4.8M to $2.3MJun 25, 2025 to Jun 29, 2026
- Pension RAUM · $345M to $406MJun 25, 2025 to Jun 29, 2026
- Pooled vehicle RAUM · $105M to $119MJun 25, 2025 to Jun 29, 2026
- RAUM · $2.2B to $2.2BJun 25, 2025 to Jun 29, 2026
- Wrap assets (manager) · $41.5M to $18.2MJun 25, 2025 to Jun 29, 2026
- Accounts · 175 to 170Jun 26, 2024 to Jun 25, 2025
- Charity clients · 38 to 36Jun 26, 2024 to Jun 25, 2025
- Corporate clients · 7 to 6Jun 26, 2024 to Jun 25, 2025
- HNW clients · 100 to 104Jun 26, 2024 to Jun 25, 2025
- Pension plan clients · 11 to 6Jun 26, 2024 to Jun 25, 2025
- Assets in custody · $109M to $105MJun 26, 2024 to Jun 25, 2025
- Financial planning clients · unset to Jun 26, 2024 to Jun 25, 2025
- Discretionary RAUM · $2.6B to $2.2BJun 26, 2024 to Jun 25, 2025
- HNW RAUM · $688M to $639MJun 26, 2024 to Jun 25, 2025
- Individual RAUM · $4.0M to $4.8MJun 26, 2024 to Jun 25, 2025
- Pension RAUM · $462M to $345MJun 26, 2024 to Jun 25, 2025
- Pooled vehicle RAUM · $109M to $105MJun 26, 2024 to Jun 25, 2025
- RAUM · $2.6B to $2.2BJun 26, 2024 to Jun 25, 2025
- Wrap assets (manager) · $48.5M to $41.5MJun 26, 2024 to Jun 25, 2025
- Accounts · 185 to 175Nov 27, 2023 to Jun 26, 2024
- Advisory employees · 9 to 8Nov 27, 2023 to Jun 26, 2024
- Charity clients · 43 to 38Nov 27, 2023 to Jun 26, 2024
- HNW clients · 101 to 100Nov 27, 2023 to Jun 26, 2024
- Individual clients · 8 to 10Nov 27, 2023 to Jun 26, 2024
- Pension plan clients · 12 to 11Nov 27, 2023 to Jun 26, 2024
- Assets in custody · $90.7M to $109MNov 27, 2023 to Jun 26, 2024
- State-registered IARs · 9 to 8Nov 27, 2023 to Jun 26, 2024
- Discretionary RAUM · $2.3B to $2.6BNov 27, 2023 to Jun 26, 2024
- HNW RAUM · $577M to $688MNov 27, 2023 to Jun 26, 2024
- Individual RAUM · $2.8M to $4.0MNov 27, 2023 to Jun 26, 2024
- Pension RAUM · $439M to $462MNov 27, 2023 to Jun 26, 2024
- Pooled vehicle RAUM · $90.7M to $109MNov 27, 2023 to Jun 26, 2024
- RAUM · $2.3B to $2.6BNov 27, 2023 to Jun 26, 2024
Signals
2 dated events
- Newsouth Capital Management Inc reported RAUM $3.6B, up 50% from $2.4B (2020-06-24 to 2021-06-29)Jun 29, 2021 · RAUM change · derived
- Newsouth Capital Management Inc reported RAUM $2.4B, down 36% from $3.7B (2019-11-25 to 2020-06-24)Jun 24, 2020 · 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
- Business email
- info@newsouthcapital.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 901-761-5561reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- NEWSOUTHCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 901-761-5561reportedpublic record, Form ADV, Aug 10, 2026
- Contact form
- newsouthcapital.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- newsouthcapital.com/peoplereportedpublished 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $319Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026