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••

Independent wealth managerDallas, TexasCRD 114515SEC 801-132244websiteIAPD
Legal name P••••••• A•••••••• L•••••
Latest filing Aug 31, 2026
First filing on the tape Jan 19, 2012 · 10 filings
SEC status approved since Mar 24, 2025
RAUM
$136M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$130M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$45.4M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$136M as of Aug 31, 2026
Jan 19, 2012$326M then
HNW client RAUM$118M as of Aug 31, 2026
Mar 24, 2025$93.9M then
State-registered IARs (5.B.3)3 as of Aug 31, 2026
Jan 19, 20120 then
Employees (5.A)4 as of Aug 31, 2026
Feb 13, 20138 then
Private funds2 as of Mar 31, 2014
Jan 19, 20123 then
RAUM +21% over the last fiscal yearIARs 2 to 3
Practice profile
derived from the filing of Aug 31, 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
$34.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
21derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.9MderivedHNW RAUM over HNW clients
Average account
$365,956derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
-3.5%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, educational seminarsreportedItem 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$118M87%
  • Individuals$12.4M9.1%
  • Corporations and businesses$5.9M4.3%
Individual clients
41reported
HNW clients
41reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
372reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M••••••• U• G•••Certified Financial PlannerDallas, TxJan 4, 201730 y2
W•••••• K••• D•••Chartered Financial AnalystDallas, TxJan 10, 201730 y2
K••••••• M•••• H•••Dallas, TxSep 25, 202413 y0
A•••••••• U•••••••• G•••Dallas, TxSep 15, 202611 y0
Advisor movement
0 left, 0 joined in 12 months
Private funds
4 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
  • B•••••• K••••• L••• · Chief Compliance Officer & Chief Financial Officercontrol
    since 04/2013 · owns less than 5%
  • D•••• W••••••• K••• · Managing Membercontrol
    since 12/1995 · owns 25% to 50%
  • G•••• M•••••••• U• · Managing Membercontrol
    since 12/1995 · owns 50% to 75%
Related persons
Schedule D 7.A
  • P••••••• I••••••••• M••••••••• L• ••••••• A•••••••
    investment adviserpooled vehicle sponsory
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Dallas, Tx · principal410
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 306 to 372
    May 2, 2025 to Mar 30, 2026
  • Advisory employees · 2 to 3
    May 2, 2025 to Mar 30, 2026
  • HNW clients · 36 to 41
    May 2, 2025 to Mar 30, 2026
  • Individual clients · 49 to 41
    May 2, 2025 to Mar 30, 2026
  • Employees · 3 to 4
    May 2, 2025 to Mar 30, 2026
  • Financial planning clients · 26-50 to 1-10
    May 2, 2025 to Mar 30, 2026
  • State-registered IARs · 2 to 3
    May 2, 2025 to Mar 30, 2026
  • Discretionary RAUM · $110M to $136M
    May 2, 2025 to Mar 30, 2026
  • HNW RAUM · $93.9M to $118M
    May 2, 2025 to Mar 30, 2026
  • Individual RAUM · $13.8M to $12.4M
    May 2, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $2.4M to $0
    May 2, 2025 to Mar 30, 2026
  • RAUM · $112M to $136M
    May 2, 2025 to Mar 30, 2026
  • Financial planning clients · 26-50 to 26-50
    Mar 24, 2025 to May 2, 2025
  • Accounts · 2 to 306
    May 21, 2014 to Mar 24, 2025
  • Advisory activities · 1 to 3
    May 21, 2014 to Mar 24, 2025
  • Charity clients · unset to 0.0
    May 21, 2014 to Mar 24, 2025
  • Corporate clients · unset to 1.0
    May 21, 2014 to Mar 24, 2025
  • HNW clients · unset to 36.0
    May 21, 2014 to Mar 24, 2025
  • Individual clients · unset to 49.0
    May 21, 2014 to Mar 24, 2025
  • Pension plan clients · unset to 0.0
    May 21, 2014 to Mar 24, 2025
  • Pooled vehicle clients · unset to 0.0
    May 21, 2014 to Mar 24, 2025
  • Employees · 4 to 3
    May 21, 2014 to Mar 24, 2025
  • Financial planning clients · 0 to 26-50
    May 21, 2014 to Mar 24, 2025
  • State-registered IARs · 0 to 2
    May 21, 2014 to Mar 24, 2025
  • Other offices · unset to 1.0
    May 21, 2014 to Mar 24, 2025
  • Private funds · 2 to unset
    May 21, 2014 to Mar 24, 2025
  • Discretionary RAUM · $29.2M to $110M
    May 21, 2014 to Mar 24, 2025
  • HNW RAUM · unset to 93867725.0
    May 21, 2014 to Mar 24, 2025
  • Individual RAUM · unset to 13773096.0
    May 21, 2014 to Mar 24, 2025
  • Non-discretionary RAUM · $0 to $2.4M
    May 21, 2014 to Mar 24, 2025
  • Pension RAUM · unset to 0.0
    May 21, 2014 to Mar 24, 2025
  • Pooled vehicle RAUM · unset to 0.0
    May 21, 2014 to Mar 24, 2025
  • RAUM · $29.2M to $112M
    May 21, 2014 to Mar 24, 2025
  • Related adviser · true to false
    May 21, 2014 to Mar 24, 2025
  • Accounts · 3 to 2
    Apr 26, 2013 to Mar 31, 2014
  • Advisory employees · 5 to 2
    Apr 26, 2013 to Mar 31, 2014
  • Assets in custody · 121219710.0 to unset
    Apr 26, 2013 to Mar 31, 2014
  • Custody of client assets · true to false
    Apr 26, 2013 to Mar 31, 2014
  • Employees · 8 to 4
    Apr 26, 2013 to Mar 31, 2014
  • Private funds · 3 to 2
    Apr 26, 2013 to Mar 31, 2014
Signals
3 dated events
  • A•••••••• U•••••••• G••• registered as an investment adviser representative at P••••••• A•••••••• L••
    Sep 15, 2026 · Advisor registered · fact
  • J•••• C•••••••• V••• left P••••••• A•••••••• L•• for S••••• W••••• A•••••••• I••• (registered 2026-06-04)
    Dec 16, 2024 · Advisor changed firm · fact
  • S•••••• L•• L•••• left P••••••• A•••••••• L•• for M•••• P••••••• (registered 2023-08-31)
    Sep 1, 2023 · Advisor changed firm · 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
Firm profile
H•••S://WWW.LINKEDIN.COM/COMPANY/P•••••••-ADVISORS-LLCreportedpublic record, Form ADV, Sep 18, 2026
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
214-756-6066reportedpublic record, Form ADV, Aug 31, 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
$45.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026