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

Hays Advisory, LLC

Former SEC-registered adviserFranklin, TennesseeCRD 113713SEC 801-60453IAPD
Latest filing May 7, 2018
First filing on the tape Mar 28, 2012 · 19 filings
RAUM
$293M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$281M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$293M as of Mar 27, 2018
Mar 28, 2012$818M then
HNW client RAUM: $26.6M
State-registered IARs (5.B.3)7 as of Mar 27, 2018
Mar 28, 20120 then
Employees (5.A)10 as of Mar 27, 2018
Apr 1, 201316 then
Private funds: no history
RAUM -52% over the last fiscal year-33% a year over threeIARs 7 to 7
Practice profile
derived from the filing of May 7, 2018; every figure names its basis
RAUM per advisor
$41.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
168derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.3MderivedHNW RAUM over HNW clients
Average account
$240,234derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-52%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, subscription, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, publications, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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$254M87%
  • High-net-worth individuals$26.6M9.1%
  • Corporations and businesses$5.6M1.9%
  • Pension and profit-sharing plans$5.6M1.9%
  • Charitable organizations$1.1M0.4%
Individual clients
1,167reported
HNW clients
8reported
Pension plan clients
13reported
Charitable clients
3reported
Accounts
1,219reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $280M managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
    • Alan Keith Hays · Presidentcontrol
      since 07/2016 · owns less than 5%
    • Lynn Wendy Vasquez · Chief Compliance Officercontrol
      since 05/2018 · owns less than 5%
    • Preston Michael Brooks · Membercontrol
      since 04/2014 · owns 25% to 50% of Cypress Capital, LLC
    • Tomas Mark Dodson · Membercontrol
      since 04/2014 · owns 25% to 50% of Cypress Capital, LLC
    • David Jeffrey Hays · Membercontrol
      since 04/2014 · owns 25% to 50% of Cypress Capital, LLC
    • Alan Keith Hays · Membercontrol
      since 04/2014 · owns 25% to 50% of Cypress Capital, LLC
    Entity owners
    • Cypress Capital, LLC · Managing Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    Advisers that list Hays Advisory, LLC as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 2,767 to 1,219
      Feb 6, 2018 to Mar 27, 2018
    • Charity clients · unset to 3.0
      Feb 6, 2018 to Mar 27, 2018
    • Corporate clients · unset to 28.0
      Feb 6, 2018 to Mar 27, 2018
    • HNW clients · unset to 8.0
      Feb 6, 2018 to Mar 27, 2018
    • Individual clients · unset to 1167.0
      Feb 6, 2018 to Mar 27, 2018
    • Pension plan clients · unset to 13.0
      Feb 6, 2018 to Mar 27, 2018
    • Pooled vehicle clients · unset to 0.0
      Feb 6, 2018 to Mar 27, 2018
    • Financial planning clients · unset to 0
      Feb 6, 2018 to Mar 27, 2018
    • HQ city · BRENTWOOD to FRANKLIN
      Feb 6, 2018 to Mar 27, 2018
    • Discretionary RAUM · $605M to $293M
      Feb 6, 2018 to Mar 27, 2018
    • HNW RAUM · unset to 26582397.0
      Feb 6, 2018 to Mar 27, 2018
    • Individual RAUM · unset to 253967037.0
      Feb 6, 2018 to Mar 27, 2018
    • Pension RAUM · unset to 5584679.0
      Feb 6, 2018 to Mar 27, 2018
    • Pooled vehicle RAUM · unset to 0.0
      Feb 6, 2018 to Mar 27, 2018
    • RAUM · $605M to $293M
      Feb 6, 2018 to Mar 27, 2018
    • Wrap assets (manager) · $605M to $280M
      Feb 6, 2018 to Mar 27, 2018
    • Wrap assets (sponsor) · $879,881 to $0
      Feb 6, 2018 to Mar 27, 2018
    • Employees · 14 to 10
      May 2, 2017 to Dec 22, 2017
    • Other offices · unset to 0.0
      May 2, 2017 to Dec 22, 2017
    • Wrap assets (manager) · unset to 605092092.0
      May 2, 2017 to Dec 22, 2017
    • Wrap assets (sponsor) · unset to 879881.0
      May 2, 2017 to Dec 22, 2017
    • Accounts · 3,638 to 2,767
      Aug 30, 2016 to Mar 31, 2017
    • Advisory activities · 4 to 6
      Aug 30, 2016 to Mar 31, 2017
    • BD registered reps · 4 to 3
      Aug 30, 2016 to Mar 31, 2017
    • Employees · 19 to 14
      Aug 30, 2016 to Mar 31, 2017
    • State-registered IARs · 8 to 7
      Aug 30, 2016 to Mar 31, 2017
    • Discretionary RAUM · $841M to $605M
      Aug 30, 2016 to Mar 31, 2017
    • RAUM · $841M to $605M
      Aug 30, 2016 to Mar 31, 2017
    • Accounts · 3,693 to 3,638
      Jun 12, 2015 to Mar 30, 2016
    • Advisory employees · 3 to 4
      Jun 12, 2015 to Mar 30, 2016
    • Advisory activities · 3 to 4
      Jun 12, 2015 to Mar 30, 2016
    • BD registered reps · 0 to 4
      Jun 12, 2015 to Mar 30, 2016
    • Employees · 20 to 19
      Jun 12, 2015 to Mar 30, 2016
    • State-registered IARs · 9 to 8
      Jun 12, 2015 to Mar 30, 2016
    • Discretionary RAUM · $976M to $841M
      Jun 12, 2015 to Mar 30, 2016
    • RAUM · $976M to $841M
      Jun 12, 2015 to Mar 30, 2016
    • Advisory employees · 4 to 3
      Feb 24, 2015 to Jun 12, 2015
    • Employees · 18 to 20
      Feb 24, 2015 to Jun 12, 2015
    • Accounts · 3,912 to 3,693
      Nov 25, 2014 to Feb 24, 2015
    • Advisory employees · 8 to 4
      Nov 25, 2014 to Feb 24, 2015
    Signals
    1 dated events
    • Hays Advisory, Llc reported RAUM $292.8M, down 52% from $605.1M (2018-02-06 to 2018-03-27)
      Mar 27, 2018 · 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.
    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