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•••••• M••••••••• L••
Latest filing Jul 1, 2026
First filing on the tape Mar 28, 2012 · 16 filings
SEC status approved since Feb 23, 2006
RAUM
$5.4M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$2.7M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$5.4M as of Jul 1, 2026
Mar 28, 2012$98.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 1, 2026
Mar 28, 20120 then
Employees (5.A)3 as of Jul 1, 2026
Mar 27, 20133 then
Private funds3 as of Jul 1, 2026
Mar 28, 20128 then
RAUM -61% over the last fiscal year-65% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 1, 2026; every figure names its basis
- RAUM per advisor
- $2.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $1.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -61%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$5.4M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 3reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D••• B•••• B•••• | Dallas, Tx | Oct 20, 1999 | 28 y | 1 |
| N••• R••••• R••••••• | Dallas, Tx | Apr 10, 2007 | 19 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
- J••• E••• B•••••• to W•••• S••• C••••••• L•••Nov 12, 2007 · Other
Joined, latest
none on the tape
Private funds
11 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P•••••• C•••••• M••••• F•••no longer reported | Hedge Fund | $63.2M | 54 | Mar 28, 2012 |
| T•• P•••••• I••••••••• F•••• L•••no longer reported | Hedge Fund | $38.9M | 1 | Mar 28, 2018 |
| P•••••• V••••••• 7• L•••no longer reported | Hedge Fund | $17.9M | 66 | Mar 28, 2022 |
| T•• P•••••• F•••• L••• | Hedge Fund | $10.8M | 2 | Mar 28, 2012 |
| T•• P•••••• F••• •••• L•••no longer reported | Hedge Fund | $10.4M | 13 | Mar 28, 2012 |
| P•••••• S•••••• S•••••••• F•••• L••• | Hedge Fund | $3.8M | 10 | Mar 28, 2022 |
| T•• P•••••• F•••• L•••no longer reported | Hedge Fund | $2.7M | 41 | Mar 28, 2012 |
| P•••••• S•••••• S•••••••• F•••• L•••no longer reported | Hedge Fund | $1.9M | 1 | Mar 28, 2012 |
| T•• P•••••• I••••••••• F•••• L•••no longer reported | Hedge Fund | $1.5M | 1 | Mar 28, 2012 |
| P•••••• C••••• O••••••••• F•••• L••• | Hedge Fund | $1.1M | 13 | Mar 25, 2015 |
| P•••••• E•••• F•••• L•••no longer reported | Hedge Fund | $19,775 | 1 | Mar 28, 2012 |
Owners and control persons
Schedule A and B, latest filing
- B••••• D•••• B•••• · Managing Member, P•••••• M••••••••• L••controlsince 02/1998 · owns 75% or more
- R•••••••• N•••• R••••• · Chief Financial Officer And Chief Compliance Officer, P•••••• M••••••••• L••controlsince 10/2006 · owns less than 5%
Related persons
Schedule D 7.A
- 9••• C••••••• L•investment adviserbankpooled vehicle sponsornRAUM $677M
- P•••••• C•••••• M••••••••• L•••investment adviserbankpooled vehicle sponsorn
Advisers that list P•••••• M••••••••• L•• as a related person
- 324329 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dallas, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Discretionary RAUM · $13.7M to $5.4MMar 24, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $13.7M to $5.4MMar 24, 2025 to Mar 31, 2026
- RAUM · $13.7M to $5.4MMar 24, 2025 to Mar 31, 2026
- Employees · 4 to 3Mar 26, 2024 to Mar 24, 2025
- Financial planning clients · unset to Mar 26, 2024 to Mar 24, 2025
- Discretionary RAUM · $15.7M to $13.7MMar 26, 2024 to Mar 24, 2025
- Pooled vehicle RAUM · $15.7M to $13.7MMar 26, 2024 to Mar 24, 2025
- RAUM · $15.7M to $13.7MMar 26, 2024 to Mar 24, 2025
- Discretionary RAUM · $128M to $15.7MMar 27, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $128M to $15.7MMar 27, 2023 to Mar 26, 2024
- RAUM · $128M to $15.7MMar 27, 2023 to Mar 26, 2024
- Accounts · 6 to 3Mar 28, 2022 to Mar 27, 2023
- Advisory employees · 4 to 3Mar 28, 2022 to Mar 27, 2023
- Pooled vehicle clients · 6 to 3Mar 28, 2022 to Mar 27, 2023
- Private funds · 6 to 3Mar 28, 2022 to Mar 27, 2023
- Discretionary RAUM · $262M to $128MMar 28, 2022 to Mar 27, 2023
- Pooled vehicle RAUM · $262M to $128MMar 28, 2022 to Mar 27, 2023
- RAUM · $262M to $128MMar 28, 2022 to Mar 27, 2023
- Related adviser · false to trueMar 28, 2022 to Mar 27, 2023
- Related insurance company · true to falseMar 28, 2022 to Mar 27, 2023
- Accounts · 4 to 6Mar 29, 2021 to Mar 28, 2022
- Pooled vehicle clients · 4 to 6Mar 29, 2021 to Mar 28, 2022
- Private funds · 4 to 6Mar 29, 2021 to Mar 28, 2022
- Discretionary RAUM · $255M to $262MMar 29, 2021 to Mar 28, 2022
- Pooled vehicle RAUM · $255M to $262MMar 29, 2021 to Mar 28, 2022
- RAUM · $255M to $262MMar 29, 2021 to Mar 28, 2022
- Discretionary RAUM · $219M to $255MMar 17, 2020 to Mar 29, 2021
- Pooled vehicle RAUM · $219M to $255MMar 17, 2020 to Mar 29, 2021
- RAUM · $219M to $255MMar 17, 2020 to Mar 29, 2021
- Discretionary RAUM · $204M to $219MMar 26, 2019 to Mar 17, 2020
- Pooled vehicle RAUM · $204M to $219MMar 26, 2019 to Mar 17, 2020
- RAUM · $204M to $219MMar 26, 2019 to Mar 17, 2020
- Related adviser · true to falseMar 26, 2019 to Mar 17, 2020
- Advisory employees · 3 to 4Mar 28, 2018 to Mar 26, 2019
- Discretionary RAUM · $198M to $204MMar 28, 2018 to Mar 26, 2019
- Pooled vehicle RAUM · $198M to $204MMar 28, 2018 to Mar 26, 2019
- RAUM · $198M to $204MMar 28, 2018 to Mar 26, 2019
- Accounts · 3 to 4Mar 24, 2017 to Mar 28, 2018
- Charity clients · unset to 0.0Mar 24, 2017 to Mar 28, 2018
- Corporate clients · unset to 0.0Mar 24, 2017 to Mar 28, 2018
Signals
2 dated events
- P•••••• M••••••••• L•• reported RAUM $15.7M, down 88% from $128.0M (2023-03-27 to 2024-03-26)Mar 26, 2024 · RAUM change · derived
- P•••••• M••••••••• L•• reported RAUM $128.0M, down 51% from $261.7M (2022-03-28 to 2023-03-27)Mar 27, 2023 · 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
- Website
- P••••••FUND.COMreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 214-880-7444reportedpublic record, Form ADV, Jul 1, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $2.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026