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
L••••• A•••• M••••••••• L•••
Latest filing Apr 21, 2026
First filing on the tape Mar 21, 2012 · 17 filings
SEC status approved since Jun 8, 2021
RAUM
$210M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
90%
$189M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$105M
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$210M as of Apr 21, 2026
Mar 21, 2012$54.5M then
HNW client RAUM$184M as of Apr 21, 2026
Mar 9, 2022$131M then
State-registered IARs (5.B.3)0 as of Apr 21, 2026
Mar 21, 20120 then
Employees (5.A)1 as of Apr 21, 2026
Mar 9, 20221 then
Private funds: no history
RAUM -7.5% over the last fiscal year+5.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 21, 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
- $105MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 21derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.3MderivedHNW RAUM over HNW clients
- Average account
- $1.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -7.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.0%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- portfolio management for individuals, publicationsreportedItem 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
- High-net-worth individuals$184M88%
- Charitable organizations$21.4M10%
- Individuals$4.7M2.2%
- Individual clients
- 12reported
- HNW clients
- 29reported
- Pension plan clients
- 0reported
- Charitable clients
- 2reported
- Accounts
- 129reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.9 fund_share=0.0 institutional_share=0.1 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| P••••• B•••••• L••••• | Fort Worth, Tx | Jan 7, 2003 | 28 y | 0 |
| M•••••• K••• W•••••••• | Fort Worth, Tx | Aug 22, 2019 | 21 y | 3 |
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
- M•••••• K••• W•••••••• from C•••••• S••••• • C••• I•••Aug 22, 2019 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- L•••••• P•••••• B•••••• · Chief Compliance Officer/General Partner/President Of L•••• C••••••• L••controlsince 09/1998 · owns less than 5%
- L•••••• P•••••• B•••••• · Ownercontrolsince 09/1998 · owns 75% or more of L•••• C••••••• L••
Entity owners
- L•••• C••••••• L•• · General Partnerdirect · 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 |
|---|---|---|---|---|---|
| Fort Worth, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 155 to 129Nov 6, 2025 to Mar 6, 2026
- HNW clients · 32 to 29Nov 6, 2025 to Mar 6, 2026
- Individual clients · 9 to 12Nov 6, 2025 to Mar 6, 2026
- Discretionary RAUM · $222M to $210MNov 6, 2025 to Mar 6, 2026
- HNW RAUM · $198M to $184MNov 6, 2025 to Mar 6, 2026
- Individual RAUM · $4.1M to $4.7MNov 6, 2025 to Mar 6, 2026
- Non-discretionary RAUM · $5.5M to $0Nov 6, 2025 to Mar 6, 2026
- RAUM · $227M to $210MNov 6, 2025 to Mar 6, 2026
- Accounts · 130 to 155Apr 18, 2024 to Apr 7, 2025
- Individual clients · 28 to 9Apr 18, 2024 to Apr 7, 2025
- Financial planning clients · unset to Apr 18, 2024 to Apr 7, 2025
- Discretionary RAUM · $175M to $222MApr 18, 2024 to Apr 7, 2025
- HNW RAUM · $165M to $198MApr 18, 2024 to Apr 7, 2025
- Individual RAUM · $3.1M to $4.1MApr 18, 2024 to Apr 7, 2025
- Non-discretionary RAUM · $8.3M to $5.5MApr 18, 2024 to Apr 7, 2025
- RAUM · $183M to $227MApr 18, 2024 to Apr 7, 2025
- Accounts · 132 to 130Feb 12, 2024 to Mar 10, 2024
- HNW clients · 5 to 32Feb 12, 2024 to Mar 10, 2024
- Individual clients · 127 to 28Feb 12, 2024 to Mar 10, 2024
- Discretionary RAUM · $170M to $175MFeb 12, 2024 to Mar 10, 2024
- HNW RAUM · $90.8M to $165MFeb 12, 2024 to Mar 10, 2024
- Individual RAUM · $70.7M to $3.1MFeb 12, 2024 to Mar 10, 2024
- Non-discretionary RAUM · $8.2M to $8.3MFeb 12, 2024 to Mar 10, 2024
- RAUM · $178M to $183MFeb 12, 2024 to Mar 10, 2024
- Accounts · 77 to 132Oct 27, 2022 to Mar 22, 2023
- Charity clients · 3 to 2Oct 27, 2022 to Mar 22, 2023
- Corporate clients · 5 to 0Oct 27, 2022 to Mar 22, 2023
- HNW clients · 31 to 5Oct 27, 2022 to Mar 22, 2023
- Individual clients · 38 to 127Oct 27, 2022 to Mar 22, 2023
- Discretionary RAUM · $177M to $170MOct 27, 2022 to Mar 22, 2023
- HNW RAUM · $131M to $90.8MOct 27, 2022 to Mar 22, 2023
- Individual RAUM · $28.9M to $70.7MOct 27, 2022 to Mar 22, 2023
- Non-discretionary RAUM · $8.8M to $8.2MOct 27, 2022 to Mar 22, 2023
- RAUM · $186M to $178MOct 27, 2022 to Mar 22, 2023
- Accounts · 129 to 77Jun 22, 2021 to Mar 9, 2022
- HNW clients · 32 to 31Jun 22, 2021 to Mar 9, 2022
- Discretionary RAUM · $122M to $177MJun 22, 2021 to Mar 9, 2022
- HNW RAUM · $93.8M to $131MJun 22, 2021 to Mar 9, 2022
- Individual RAUM · $12.2M to $28.9MJun 22, 2021 to Mar 9, 2022
- Non-discretionary RAUM · $1.8M to $8.8MJun 22, 2021 to Mar 9, 2022
Signals
1 dated events
- L••••• A•••• M••••••••• L••• filed its initial SEC registration (Form ADV)May 10, 2021 · 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
- 817-348-0577reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- l•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 817-348-0577reportedpublic record, Form ADV, Apr 21, 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
- $105Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026