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

P••••••• M•••• P•••••••• L••

Independent wealth managerWichita Falls, TexasCRD 112178SEC 801-123694websiteIAPD
Latest filing Apr 7, 2026
First filing on the tape Apr 2, 2012 · 20 filings
SEC status approved since Apr 14, 2022
RAUM
$127M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$127M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$42.2M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$127M as of Apr 7, 2026
Apr 2, 2012$51.0M then
HNW client RAUM$54.6M as of Apr 7, 2026
Mar 8, 2023$52.1M then
State-registered IARs (5.B.3)3 as of Apr 7, 2026
Apr 2, 20120 then
Employees (5.A)5 as of Apr 7, 2026
Mar 8, 20234 then
Private funds: no history
RAUM +9.4% over the last fiscal year+6.9% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Apr 7, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
RAUM per advisor
$42.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
72derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$223,912derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+9.4%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$72.1M57%
  • High-net-worth individuals$54.6M43%
Individual clients
189reported
HNW clients
28reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
566reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
G••• W•••••• S••••••••Certified Financial PlannerWichita Falls, TxMay 16, 201236 y0
M••••••• J• K••••••Wichita Falls, TxJan 15, 201521 y0
B••••••• N••••• S••••••Wichita Falls, TxJan 3, 202313 y0
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • K••••••• M•••••••• J• · Chief Compliance Officer; Presidentcontrol
    since 03/2009 · owns 25% to 50%
  • S••••••• B•••••••• N••••• · Vice Presidentcontrol
    since 01/2024 · owns 10% to 25%
  • S••••••••• G•••• W•••••• · Ownercontrol
    since 06/1995 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Wichita Falls, Tx · principal300
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 577 to 566
    Mar 26, 2025 to Mar 30, 2026
  • HNW clients · 30 to 28
    Mar 26, 2025 to Mar 30, 2026
  • Individual clients · 186 to 189
    Mar 26, 2025 to Mar 30, 2026
  • Discretionary RAUM · $116M to $127M
    Mar 26, 2025 to Mar 30, 2026
  • HNW RAUM · $53.1M to $54.6M
    Mar 26, 2025 to Mar 30, 2026
  • Individual RAUM · $62.8M to $72.1M
    Mar 26, 2025 to Mar 30, 2026
  • RAUM · $116M to $127M
    Mar 26, 2025 to Mar 30, 2026
  • Accounts · 576 to 577
    Aug 5, 2024 to Mar 26, 2025
  • HNW clients · 31 to 30
    Aug 5, 2024 to Mar 26, 2025
  • Individual clients · 188 to 186
    Aug 5, 2024 to Mar 26, 2025
  • Financial planning clients · 1-10 to 1-10
    Aug 5, 2024 to Mar 26, 2025
  • Discretionary RAUM · $110M to $116M
    Aug 5, 2024 to Mar 26, 2025
  • HNW RAUM · $54.6M to $53.1M
    Aug 5, 2024 to Mar 26, 2025
  • Individual RAUM · $55.3M to $62.8M
    Aug 5, 2024 to Mar 26, 2025
  • RAUM · $110M to $116M
    Aug 5, 2024 to Mar 26, 2025
  • Accounts · 604 to 576
    Jul 31, 2023 to Mar 13, 2024
  • HNW clients · 32 to 31
    Jul 31, 2023 to Mar 13, 2024
  • Individual clients · 198 to 188
    Jul 31, 2023 to Mar 13, 2024
  • Discretionary RAUM · $104M to $110M
    Jul 31, 2023 to Mar 13, 2024
  • HNW RAUM · $52.1M to $54.6M
    Jul 31, 2023 to Mar 13, 2024
  • Individual RAUM · $51.7M to $55.3M
    Jul 31, 2023 to Mar 13, 2024
  • RAUM · $104M to $110M
    Jul 31, 2023 to Mar 13, 2024
  • Employees · 4 to 5
    Mar 8, 2023 to Jul 31, 2023
  • Accounts · 553 to 604
    Jan 3, 2023 to Mar 8, 2023
  • Individual clients · 184 to 198
    Jan 3, 2023 to Mar 8, 2023
  • Discretionary RAUM · $121M to $104M
    Jan 3, 2023 to Mar 8, 2023
  • HNW RAUM · $69.0M to $52.1M
    Jan 3, 2023 to Mar 8, 2023
  • Individual RAUM · $51.9M to $51.7M
    Jan 3, 2023 to Mar 8, 2023
  • RAUM · $121M to $104M
    Jan 3, 2023 to Mar 8, 2023
  • Advisory employees · 2 to 3
    Nov 30, 2022 to Jan 3, 2023
  • State-registered IARs · 2 to 3
    Nov 30, 2022 to Jan 3, 2023
  • Accounts · 326 to 553
    Jun 28, 2012 to Mar 14, 2022
  • Advisory employees · unset to 2.0
    Jun 28, 2012 to Mar 14, 2022
  • Business name · P••••••• M•••• P••••••• to P••••••• M•••• P•••••••• L••
    Jun 28, 2012 to Mar 14, 2022
  • HNW clients · unset to 32.0
    Jun 28, 2012 to Mar 14, 2022
  • Individual clients · unset to 184.0
    Jun 28, 2012 to Mar 14, 2022
  • Employees · unset to 4.0
    Jun 28, 2012 to Mar 14, 2022
  • State-registered IARs · 0 to 2
    Jun 28, 2012 to Mar 14, 2022
  • Legal name · G••• W•••••• S•••••••• to P••••••• M•••• P•••••••• L••
    Jun 28, 2012 to Mar 14, 2022
  • Other offices · unset to 0.0
    Jun 28, 2012 to Mar 14, 2022
Signals
2 dated events
  • N••••• B••••••• S•••••• (Vice President) appeared on Schedule A of P••••••• M•••• P•••••••• L••
    Aug 5, 2024 · Control person joined · fact
  • P••••••• M•••• P•••••••• L•• filed its initial SEC registration (Form ADV)
    Mar 14, 2022 · First SEC registration · 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 phone
940-692-6885reportedpublished by the firm, firm site, Sep 16, 2026
Website
TEXASINVEST.COMreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
940-692-6885reportedpublic record, Form ADV, Apr 7, 2026
Contact form
p•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
Team page
p•••••••••.comreportedpublished 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$42.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026