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

Clark Financial Advisors

Former SEC-registered adviserBirmingham, AlabamaCRD 110955SEC 801-20842IAPD
Legal name B, B, H, & B Inc.
Latest filing Feb 28, 2022
First filing on the tape Feb 7, 2012 · 21 filings
RAUM
$282M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
84%
$238M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$282M as of Feb 28, 2022
Feb 16, 2012$165M then
HNW client RAUM$192M as of Feb 28, 2022
Feb 8, 2018$105M then
State-registered IARs (5.B.3)1 as of Feb 28, 2022
Mar 28, 20132 then
Employees (5.A)3 as of Feb 28, 2022
Mar 28, 20134 then
Private funds: no history
RAUM +21% over the last fiscal year+16% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Feb 28, 2022; every figure names its basis
RAUM per advisor
$282MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
304derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$300,893derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
7.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.2%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Custody
$5.6M, 14 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$192M68%
  • Individuals$46.2M16%
  • Corporations and businesses$22.9M8.1%
  • Pension and profit-sharing plans$20.9M7.4%
Individual clients
213reported
HNW clients
91reported
Pension plan clients
15reported
Charitable clients
n/areported
Accounts
938reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$5.6M for 14 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
    • Turner Laura Baker · Chief Compliance Officercontrol
      since 04/2015 · owns less than 5%
    • Brooks Marion Clark · Directorcontrol
      since 11/1983 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 904 to 938
      Aug 16, 2021 to Feb 28, 2022
    • Corporate clients · 6 to 10
      Aug 16, 2021 to Feb 28, 2022
    • HNW clients · 84 to 91
      Aug 16, 2021 to Feb 28, 2022
    • Individual clients · 205 to 213
      Aug 16, 2021 to Feb 28, 2022
    • Pension plan clients · 16 to 15
      Aug 16, 2021 to Feb 28, 2022
    • Discretionary RAUM · $234M to $282M
      Aug 16, 2021 to Feb 28, 2022
    • HNW RAUM · $165M to $192M
      Aug 16, 2021 to Feb 28, 2022
    • Individual RAUM · $37.6M to $46.2M
      Aug 16, 2021 to Feb 28, 2022
    • Pension RAUM · $23.5M to $20.9M
      Aug 16, 2021 to Feb 28, 2022
    • RAUM · $234M to $282M
      Aug 16, 2021 to Feb 28, 2022
    • Accounts · 933 to 904
      Jun 22, 2020 to Mar 5, 2021
    • HNW clients · 81 to 84
      Jun 22, 2020 to Mar 5, 2021
    • Individual clients · 250 to 205
      Jun 22, 2020 to Mar 5, 2021
    • Pension plan clients · 13 to 16
      Jun 22, 2020 to Mar 5, 2021
    • Assets in custody · $10.0M to $5.6M
      Jun 22, 2020 to Mar 5, 2021
    • Discretionary RAUM · $212M to $234M
      Jun 22, 2020 to Mar 5, 2021
    • HNW RAUM · $143M to $165M
      Jun 22, 2020 to Mar 5, 2021
    • Individual RAUM · $41.4M to $37.6M
      Jun 22, 2020 to Mar 5, 2021
    • Pension RAUM · $22.1M to $23.5M
      Jun 22, 2020 to Mar 5, 2021
    • RAUM · $212M to $234M
      Jun 22, 2020 to Mar 5, 2021
    • Accounts · 936 to 933
      Dec 10, 2019 to Mar 9, 2020
    • Corporate clients · 5 to 6
      Dec 10, 2019 to Mar 9, 2020
    • HNW clients · 71 to 81
      Dec 10, 2019 to Mar 9, 2020
    • Individual clients · 345 to 250
      Dec 10, 2019 to Mar 9, 2020
    • Pension plan clients · 9 to 13
      Dec 10, 2019 to Mar 9, 2020
    • Assets in custody · $9.4M to $10.0M
      Dec 10, 2019 to Mar 9, 2020
    • Discretionary RAUM · $179M to $212M
      Dec 10, 2019 to Mar 9, 2020
    • HNW RAUM · $117M to $143M
      Dec 10, 2019 to Mar 9, 2020
    • Individual RAUM · $42.4M to $41.4M
      Dec 10, 2019 to Mar 9, 2020
    • Pension RAUM · $14.5M to $22.1M
      Dec 10, 2019 to Mar 9, 2020
    • RAUM · $179M to $212M
      Dec 10, 2019 to Mar 9, 2020
    • Accounts · 983 to 936
      Apr 18, 2018 to Mar 6, 2019
    • Advisory employees · 3 to 2
      Apr 18, 2018 to Mar 6, 2019
    • Corporate clients · 6 to 5
      Apr 18, 2018 to Mar 6, 2019
    • HNW clients · 50 to 71
      Apr 18, 2018 to Mar 6, 2019
    • Individual clients · 330 to 345
      Apr 18, 2018 to Mar 6, 2019
    • Pension plan clients · 18 to 9
      Apr 18, 2018 to Mar 6, 2019
    • Assets in custody · $104M to $9.4M
      Apr 18, 2018 to Mar 6, 2019
    • Employees · 4 to 3
      Apr 18, 2018 to Mar 6, 2019
    • State-registered IARs · 2 to 1
      Apr 18, 2018 to Mar 6, 2019
    Signals
    3 dated events
    • Leigh Ann Thrash left Clark Financial Advisors for Waverly Advisors, Llc (registered 2022-05-06)
      Jun 8, 2022 · Advisor changed firm · fact
    • Laura Turner Baker left Clark Financial Advisors for Waverly Advisors, Llc (registered 2022-05-06)
      Jun 8, 2022 · Advisor changed firm · fact
    • 2 advisors left Clark Financial Advisors (Birmingham, AL) for Waverly Advisors, LLC on the same day
      Jun 8, 2022 · Team lift-out · 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