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.

SEC-registered adviser

Callahan Advisors, LLC

Independent wealth managerHouston, TexasCRD 114058SEC 801-61981websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 21, 2012 · 28 filings
SEC status approved since Apr 25, 2003
RAUM
$1.3B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$1.3B individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$190M
derived; firm RAUM over IAPD count
Employees
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$1.3B as of Mar 30, 2026
Mar 21, 2012$202M then
HNW client RAUM$1.2B as of Mar 30, 2026
Feb 9, 2018$471M then
State-registered IARs (5.B.3)6 as of Mar 30, 2026
Mar 21, 20120 then
Employees (5.A)11 as of Mar 30, 2026
Mar 19, 20136 then
Private funds: no history
RAUM +11% over the last fiscal year+19% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Mar 30, 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
$190MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
62derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.0MderivedHNW RAUM over HNW clients
Average account
$978,319derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.6derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.4%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Custody
$292M, 130 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$1.2B92%
  • Individuals$75.6M5.7%
  • Charitable organizations$29.6M2.2%
Individual clients
188reported
HNW clients
243reported
Pension plan clients
n/areported
Charitable clients
16reported
Accounts
1,357reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$292M for 130 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Thomas Patrick CallahanHouston, TxFeb 23, 199927 y0
Hamendra Prabhulal OjhaHouston, TxMay 11, 201016 y0
Rachel Callahan GummattiraCertified Financial PlannerHouston, TxSep 10, 201214 y0
Thomas Patrick CallahanHouston, TxMay 6, 201313 y0
William Frank MonroeHouston, TxAug 6, 201815 y0
Donna Jean MedcalfHouston, TxMar 25, 202426 y3
Nam Truong BuiHouston, TxApr 21, 202512 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
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Patrick Thomas Callahan · Managing Directorcontrol
    since 04/2020 · owns less than 5%
  • Patrick Thomas Callahan · Chairmancontrol
    since 11/1998 · owns less than 5%
  • Callahan Rachel Gummattira · Chief Compliance Officercontrol
    since 01/2016 · owns less than 5%
  • Patrick Thomas Callahan · Trusteecontrol
    since 04/2020 · owns 75% or more of Thomas Patrick Callahan, Jr. 2020 Trust
  • Callahan Rachel Gummattira · Trusteecontrol
    since 04/2020 · owns 75% or more of Rachel Callahan Gummattira 2020 Trust
Entity owners
  • Rachel Callahan Gummattira 2020 · Owner
    direct · owns 50% to 75%
  • Rachel Callahan Gummattira 2020 Trust · Owner
    direct · owns 50% to 75%
  • Thomas Patrick Callahan, Jr. 2020 Trust · Owner
    direct · owns 50% to 75%
  • Thomas Patrick Callahan, Jr. 2020 · Owner
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Houston, Tx · principal700
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Individual clients · 190 to 188
    Jun 20, 2025 to Mar 30, 2026
  • Accounts · 1,314 to 1,357
    Jun 20, 2025 to Mar 30, 2026
  • Charity clients · 14 to 16
    Jun 20, 2025 to Mar 30, 2026
  • HNW clients · 235 to 243
    Jun 20, 2025 to Mar 30, 2026
  • Assets in custody · $224M to $292M
    Jun 20, 2025 to Mar 30, 2026
  • Employees · 10 to 11
    Jun 20, 2025 to Mar 30, 2026
  • Discretionary RAUM · $1.2B to $1.3B
    Jun 20, 2025 to Mar 30, 2026
  • HNW RAUM · $1.1B to $1.2B
    Jun 20, 2025 to Mar 30, 2026
  • Individual RAUM · $69.6M to $75.6M
    Jun 20, 2025 to Mar 30, 2026
  • RAUM · $1.2B to $1.3B
    Jun 20, 2025 to Mar 30, 2026
  • Financial planning clients · 0 to 0
    Mar 26, 2025 to Jun 20, 2025
  • Accounts · 1,233 to 1,314
    Aug 30, 2024 to Mar 26, 2025
  • Charity clients · 13 to 14
    Aug 30, 2024 to Mar 26, 2025
  • HNW clients · 213 to 235
    Aug 30, 2024 to Mar 26, 2025
  • Individual clients · 179 to 190
    Aug 30, 2024 to Mar 26, 2025
  • Assets in custody · $109M to $224M
    Aug 30, 2024 to Mar 26, 2025
  • Financial planning clients · unset to 0
    Aug 30, 2024 to Mar 26, 2025
  • Discretionary RAUM · $933M to $1.2B
    Aug 30, 2024 to Mar 26, 2025
  • HNW RAUM · $857M to $1.1B
    Aug 30, 2024 to Mar 26, 2025
  • Individual RAUM · $57.8M to $69.6M
    Aug 30, 2024 to Mar 26, 2025
  • RAUM · $933M to $1.2B
    Aug 30, 2024 to Mar 26, 2025
  • Accounts · 1,212 to 1,233
    Mar 28, 2023 to Mar 4, 2024
  • HNW clients · 200 to 213
    Mar 28, 2023 to Mar 4, 2024
  • Individual clients · 185 to 179
    Mar 28, 2023 to Mar 4, 2024
  • Assets in custody · $83.5M to $109M
    Mar 28, 2023 to Mar 4, 2024
  • Employees · 9 to 10
    Mar 28, 2023 to Mar 4, 2024
  • Discretionary RAUM · $780M to $933M
    Mar 28, 2023 to Mar 4, 2024
  • HNW RAUM · $709M to $857M
    Mar 28, 2023 to Mar 4, 2024
  • Individual RAUM · $55.2M to $57.8M
    Mar 28, 2023 to Mar 4, 2024
  • RAUM · $780M to $933M
    Mar 28, 2023 to Mar 4, 2024
  • Accounts · 1,143 to 1,212
    Jan 24, 2023 to Mar 27, 2023
  • Charity clients · 12 to 13
    Jan 24, 2023 to Mar 27, 2023
  • HNW clients · 221 to 200
    Jan 24, 2023 to Mar 27, 2023
  • Individual clients · 143 to 185
    Jan 24, 2023 to Mar 27, 2023
  • Assets in custody · $65.2M to $83.5M
    Jan 24, 2023 to Mar 27, 2023
  • Discretionary RAUM · $890M to $780M
    Jan 24, 2023 to Mar 27, 2023
  • HNW RAUM · $832M to $709M
    Jan 24, 2023 to Mar 27, 2023
  • Individual RAUM · $40.3M to $55.2M
    Jan 24, 2023 to Mar 27, 2023
  • RAUM · $890M to $780M
    Jan 24, 2023 to Mar 27, 2023
  • Accounts · 1,121 to 1,143
    Nov 18, 2021 to Mar 29, 2022
Signals
2 dated events
  • Callahan Advisors, Llc reported RAUM $1.2B, up 29% from $932.9M (2024-08-30 to 2025-03-26)
    Mar 26, 2025 · RAUM change · derived
  • Callahan Advisors, Llc reported RAUM $663.5M, up 28% from $516.9M (2019-03-21 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
Business phone
713-572-3366reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile
LINKEDIN.COM/COMPANY/CALLAHAN-ADVISORS-LLCreportedpublic record, Form ADV, Sep 17, 2026
Website
CALLAHANADVISORS.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
713-572-3366reportedpublic record, Form ADV, Mar 30, 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
$190Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026