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
F•••••• F•••••••• C••••••••• L••
Latest filing Feb 4, 2026
First filing on the tape Mar 15, 2012 · 20 filings
SEC status approved since Oct 18, 2016
RAUM
$196M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$194M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$65.3M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$196M as of Feb 4, 2026
Mar 7, 2017$104M then
HNW client RAUM$181M as of Feb 4, 2026
Feb 12, 2018$86.1M then
State-registered IARs (5.B.3)3 as of Feb 4, 2026
Mar 7, 20172 then
Employees (5.A)3 as of Feb 4, 2026
Mar 7, 20173 then
Private funds: no history
RAUM +6.5% over the last fiscal year+11% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 4, 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
- RAUM per advisor
- $65.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 29derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $606,927derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.4%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$181M92%
- Individuals$13.5M6.9%
- Charitable organizations$2.0M1.0%
- Individual clients
- 31reported
- HNW clients
- 56reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 323reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| R•••••• P•••••• F••••••Certified Financial Planner | Chapel Hill, Nc | May 17, 2013 | 23 y | 1 |
| D•••••• J••• F•••••• | Chapel Hill, Nc | Mar 2, 2017 | 40 y | 0 |
| E•••••••• F•••••• P•••Certified Financial Planner | Chapel Hill, Nc | Feb 2, 2021 | 12 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
none on the tape
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- F••••••• D••••••• J••• · Chief Compliance Officercontrolsince 01/1986 · owns less than 5%
- F••••••• R••••••• P•••••• · Managing Member / Ownercontrolsince 01/2024 · owns 75% or more
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 |
|---|---|---|---|---|---|
| Chapel Hill, Nc · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 315 to 323Aug 20, 2025 to Feb 4, 2026
- Charity clients · 1 to 2Aug 20, 2025 to Feb 4, 2026
- HNW clients · 53 to 56Aug 20, 2025 to Feb 4, 2026
- Individual clients · 38 to 31Aug 20, 2025 to Feb 4, 2026
- Discretionary RAUM · $184M to $196MAug 20, 2025 to Feb 4, 2026
- HNW RAUM · $167M to $181MAug 20, 2025 to Feb 4, 2026
- Individual RAUM · $15.4M to $13.5MAug 20, 2025 to Feb 4, 2026
- RAUM · $184M to $196MAug 20, 2025 to Feb 4, 2026
- Accounts · 303 to 315Apr 11, 2024 to Feb 14, 2025
- HNW clients · 45 to 53Apr 11, 2024 to Feb 14, 2025
- Individual clients · 44 to 38Apr 11, 2024 to Feb 14, 2025
- Financial planning clients · 51-100 to 51-100Apr 11, 2024 to Feb 14, 2025
- Discretionary RAUM · $160M to $184MApr 11, 2024 to Feb 14, 2025
- HNW RAUM · $140M to $167MApr 11, 2024 to Feb 14, 2025
- Individual RAUM · $18.5M to $15.4MApr 11, 2024 to Feb 14, 2025
- RAUM · $160M to $184MApr 11, 2024 to Feb 14, 2025
- Accounts · 296 to 303Mar 2, 2023 to Jan 30, 2024
- HNW clients · 32 to 45Mar 2, 2023 to Jan 30, 2024
- Individual clients · 57 to 44Mar 2, 2023 to Jan 30, 2024
- Discretionary RAUM · $143M to $160MMar 2, 2023 to Jan 30, 2024
- HNW RAUM · $122M to $140MMar 2, 2023 to Jan 30, 2024
- Individual RAUM · $19.9M to $18.5MMar 2, 2023 to Jan 30, 2024
- RAUM · $143M to $160MMar 2, 2023 to Jan 30, 2024
- Accounts · 297 to 296Feb 23, 2022 to Mar 2, 2023
- HNW clients · 44 to 32Feb 23, 2022 to Mar 2, 2023
- Individual clients · 37 to 57Feb 23, 2022 to Mar 2, 2023
- Discretionary RAUM · $164M to $143MFeb 23, 2022 to Mar 2, 2023
- HNW RAUM · $124M to $122MFeb 23, 2022 to Mar 2, 2023
- Individual RAUM · $39.0M to $19.9MFeb 23, 2022 to Mar 2, 2023
- RAUM · $164M to $143MFeb 23, 2022 to Mar 2, 2023
- Accounts · 295 to 297Jan 27, 2021 to Feb 23, 2022
- HNW clients · 30 to 44Jan 27, 2021 to Feb 23, 2022
- Individual clients · 58 to 37Jan 27, 2021 to Feb 23, 2022
- Discretionary RAUM · $146M to $164MJan 27, 2021 to Feb 23, 2022
- HNW RAUM · $97.7M to $124MJan 27, 2021 to Feb 23, 2022
- Individual RAUM · $47.7M to $39.0MJan 27, 2021 to Feb 23, 2022
- RAUM · $146M to $164MJan 27, 2021 to Feb 23, 2022
- Accounts · 299 to 295Dec 4, 2020 to Jan 27, 2021
- Advisory employees · 2 to 3Dec 4, 2020 to Jan 27, 2021
- HNW clients · 39 to 30Dec 4, 2020 to Jan 27, 2021
Signals
1 dated events
- F•••••• F•••••••• C••••••••• L•• filed its initial SEC registration (Form ADV)Oct 7, 2016 · 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
- Website
- lizfrazier.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 919-929-6940reportedpublic record, Form ADV, Feb 4, 2026
- Contact form
- lizfrazier.com/contactreportedpublished by the firm, firm site, Sep 17, 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
- $65.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026