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•••••• A•••••••• L•••
Latest filing Mar 13, 2026
First filing on the tape Mar 27, 2012 · 18 filings
SEC status approved since May 16, 2001
RAUM
$4.1B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
0.1%
$3.7M individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$413M
derived; firm RAUM over IAPD count
Employees
16
10 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$4.1B as of Mar 13, 2026
Mar 27, 2012$1.1B then
HNW client RAUM$3.7M as of Mar 13, 2026
Mar 26, 2018$0 then
State-registered IARs (5.B.3)10 as of Mar 13, 2026
Mar 26, 20135 then
Employees (5.A)16 as of Mar 13, 2026
Mar 26, 20137 then
Private funds: no history
RAUM +18% over the last fiscal year+8.9% a year over threeIARs 11 to 10
Practice profile
derived from the filing of Mar 13, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- $413MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 0derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.7MderivedHNW RAUM over HNW clients
- Average account
- $59.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 93%derivedof RAUM
- Institutional
- 97%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 10.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%derivedbetween the last two annual amendments
- Advisor growth, one year
- -9.1%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, otherreportedItem 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
- Insurance companies$3.9B95%
- Corporations and businesses$106M2.6%
- Pension and profit-sharing plans$81.0M2.0%
- Investment companies$17.8M0.4%
- High-net-worth individuals$3.7M0.1%
- Individuals$2,1470.0%
- Individual clients
- 2reported
- HNW clients
- 1reported
- Pension plan clients
- 3reported
- Charitable clients
- 0reported
- Accounts
- 70reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.0 fund_share=0.0 institutional_share=0.97 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| T••••• R• H•••••••Chartered Financial Analyst | Abilene, Tx | May 16, 2001 | 25 y | 0 |
| L••• L••• D••••••• | Abilene, Tx | Nov 13, 2009 | 25 y | 0 |
| K••• D•••• T••••••••• | Abilene, Tx | Oct 5, 2012 | 14 y | 0 |
| T••••• R•• R••• | Abilene, Tx | Mar 24, 2016 | 14 y | 1 |
| N••••••• J•• C•••••• | Abilene, Tx | Dec 8, 2021 | 14 y | 0 |
| B•••• A• B••••• | Abilene, Tx | Jun 10, 2022 | 11 y | 1 |
| T••••• R••••• H••••••• | Abilene, Tx | Mar 1, 2023 | 10 y | 0 |
| C••••• J•••• W•••• | Abilene, Tx | Mar 9, 2023 | 11 y | 0 |
| P••• W•• Y•• W•• S•• | Abilene, Tx | Dec 17, 2024 | 14 y | 0 |
| H••••• M••••••• H•••••••• | Abilene, Tx | Jul 1, 2025 | 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
- C••• B•••••• H••• to T••• F•••••••• S•••••••••Jan 13, 2023 · Other
- A•••••• T• M••••• to D••••••••• F••• A••••••• L•Jul 20, 2021 · Other
- C••• C•••••• P••••••• to M••••• S••••••Aug 11, 2010 · Other
Joined, latest
- B•••• A• B••••• from E••••• J••••Jun 10, 2022 · Other
- T••••• R•• R••• from S•••••••• A••••••• L••Mar 24, 2016 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D•••••••• L•••• L••• · Chief Operating Officercontrolsince 07/2010 · owns less than 5%
- H•••••••• T•••••• R• · Ceo / Presidentcontrolsince 07/2010 · owns less than 5%
- R••••••••• J•••••••• S•••••• · Chief Compliance Officer & Cfocontrolsince 05/2009 · owns less than 5%
- M••••• M•••••• S•••• · Limited Partnersince 07/1994 · owns 25% to 50% of T•• S•••• F•••••• L•••
- S••••• B••••• K••• · General Partnersince 07/1994 · owns 25% to 50% of T•• S•••• F•••••• L•••
Entity owners
- P•••••• A••••••• G••••• I••• · General Partnerdirect · owns less than 5%
- P•••••• A••••••• H•••••••• I••• · Limited Partnerdirect · owns 75% or more
- D•••••••• I••••••••• G••••• I••• · Parent Companyindirect · owns 75% or more of P•••••• A••••••• G••••• I•••
- D•••••••• I••••••••• G••••• I••• · Parent Companyindirect · owns 75% or more of P•••••• A••••••• H•••••••• I•••
- T•• S•••• F•••••• L••• · Ownerindirect · owns 25% to 50% of D•••••••• I••••••••• G••••• I•••
Related persons
Schedule D 7.A
- A••••••• L••• • A•••••• C••••••real estaten
- D•••••••• A•••••• L•real estaten
- F•••••• D•••••••• L••• I•••••••• C••••••real estaten
- F•••••• D•••••••• L••• I•••••••• C•••••• O• L••••••••real estaten
- K••••••• F•••••• D•••••••• L••• I•••••••• C••••••real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Abilene, Tx · principal | 10 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 59 to 70Jan 22, 2026 to Mar 13, 2026
- HNW clients · 0 to 1Jan 22, 2026 to Mar 13, 2026
- Individual clients · 3 to 2Jan 22, 2026 to Mar 13, 2026
- Financial planning clients · to 0Jan 22, 2026 to Mar 13, 2026
- Discretionary RAUM · $3.3B to $3.9BJan 22, 2026 to Mar 13, 2026
- HNW RAUM · $0 to $3.7MJan 22, 2026 to Mar 13, 2026
- Individual RAUM · $4.3M to $2,147Jan 22, 2026 to Mar 13, 2026
- Non-discretionary RAUM · $243M to $275MJan 22, 2026 to Mar 13, 2026
- Pension RAUM · $72.5M to $81.0MJan 22, 2026 to Mar 13, 2026
- RAUM · $3.5B to $4.1BJan 22, 2026 to Mar 13, 2026
- Advisory employees · 11 to 10Mar 26, 2025 to Jan 22, 2026
- Employees · 17 to 16Mar 26, 2025 to Jan 22, 2026
- State-registered IARs · 11 to 10Mar 26, 2025 to Jan 22, 2026
- Accounts · 55 to 59Mar 26, 2024 to Mar 26, 2025
- Advisory employees · 9 to 11Mar 26, 2024 to Mar 26, 2025
- Individual clients · 2 to 3Mar 26, 2024 to Mar 26, 2025
- Employees · 15 to 17Mar 26, 2024 to Mar 26, 2025
- Financial planning clients · unset to Mar 26, 2024 to Mar 26, 2025
- State-registered IARs · 9 to 11Mar 26, 2024 to Mar 26, 2025
- Discretionary RAUM · $3.2B to $3.3BMar 26, 2024 to Mar 26, 2025
- Individual RAUM · $102,452 to $4.3MMar 26, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $250M to $243MMar 26, 2024 to Mar 26, 2025
- Pension RAUM · $68.7M to $72.5MMar 26, 2024 to Mar 26, 2025
- RAUM · $3.4B to $3.5BMar 26, 2024 to Mar 26, 2025
- Accounts · 53 to 55Mar 30, 2023 to Mar 26, 2024
- Advisory employees · 8 to 9Mar 30, 2023 to Mar 26, 2024
- Individual clients · 3 to 2Mar 30, 2023 to Mar 26, 2024
- Pension plan clients · 2 to 3Mar 30, 2023 to Mar 26, 2024
- Employees · 14 to 15Mar 30, 2023 to Mar 26, 2024
- Financial planning clients · 51-100 to unsetMar 30, 2023 to Mar 26, 2024
- State-registered IARs · 8 to 9Mar 30, 2023 to Mar 26, 2024
- Discretionary RAUM · $3.0B to $3.2BMar 30, 2023 to Mar 26, 2024
- Individual RAUM · $1.0M to $102,452Mar 30, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $241M to $250MMar 30, 2023 to Mar 26, 2024
- Pension RAUM · $60.8M to $68.7MMar 30, 2023 to Mar 26, 2024
- RAUM · $3.2B to $3.4BMar 30, 2023 to Mar 26, 2024
- Accounts · 42 to 53Mar 28, 2022 to Mar 30, 2023
- Advisory employees · 7 to 8Mar 28, 2022 to Mar 30, 2023
- Employees · 12 to 14Mar 28, 2022 to Mar 30, 2023
- Financial planning clients · unset to 51-100Mar 28, 2022 to Mar 30, 2023
Signals
2 dated events
- C••• B•••••• H••• left P•••••• A•••••••• L••• for T••• F•••••••• S••••••••• (registered 2023-01-20)Jan 13, 2023 · Advisor changed firm · fact
- P•••••• A•••••••• L••• reported RAUM $3.4B, up 51% from $2.2B (2019-03-27 to 2020-03-30)Mar 30, 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
- Website
- P••••••ADVISORS.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 325-795-2111reportedpublic record, Form ADV, Mar 13, 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
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $413Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026