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

B•••••• C•••••• C••••

Asset manager (funds and pooled vehicles)San Antonio, TexasCRD 115197SEC 801-78141IAPD
Legal name B•••••• C•••••• L••
Latest filing Mar 28, 2026
First filing on the tape May 24, 2013 · 16 filings
SEC status approved since Jun 4, 2013
RAUM
$1.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$1.0B
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$1.0B as of Mar 28, 2026
Mar 14, 2014$586M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 28, 2026
Mar 14, 20141 then
Employees (5.A)4 as of Mar 28, 2026
Mar 14, 20141 then
Private funds2 as of Mar 28, 2026
Mar 14, 20142 then
RAUM +12% over the last fiscal year+19% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 28, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$1.0BderivedRAUM 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
$522MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+12%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
performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$1.0B, 2 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)
  • 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
  • Pooled investment vehicles$1.0B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$1.0B for 2 clientsreported
Compensation
performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
S••••• B••••••San Antonio, TxApr 16, 200326 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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•• L••• F••• I•• L•••Hedge Fund$373M7Mar 14, 2014
      T•• L••• F•••• L•••Hedge Fund$371M51May 24, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• S••••• · Chairman & Ceo / Managing Membercontrol
        since 10/2000 · owns 75% or more
      • L••••• B•••• · Chief Compliance Officercontrol
        since 07/2013 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $935M to $1.0B
        Mar 26, 2025 to Mar 28, 2026
      • Discretionary RAUM · $935M to $1.0B
        Mar 26, 2025 to Mar 28, 2026
      • Pooled vehicle RAUM · $935M to $1.0B
        Mar 26, 2025 to Mar 28, 2026
      • RAUM · $935M to $1.0B
        Mar 26, 2025 to Mar 28, 2026
      • Assets in custody · $745M to $935M
        Mar 28, 2024 to Mar 26, 2025
      • Financial planning clients · 0 to 0
        Mar 28, 2024 to Mar 26, 2025
      • Discretionary RAUM · $745M to $935M
        Mar 28, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $745M to $935M
        Mar 28, 2024 to Mar 26, 2025
      • RAUM · $745M to $935M
        Mar 28, 2024 to Mar 26, 2025
      • Assets in custody · $616M to $745M
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $616M to $745M
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $616M to $745M
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $616M to $745M
        Mar 31, 2023 to Mar 28, 2024
      • Assets in custody · $679M to $616M
        Mar 30, 2022 to Mar 31, 2023
      • Financial planning clients · 1-10 to 0
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $679M to $616M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $679M to $616M
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $679M to $616M
        Mar 30, 2022 to Mar 31, 2023
      • Assets in custody · $680M to $679M
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $680M to $679M
        Mar 31, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $680M to $679M
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $680M to $679M
        Mar 31, 2021 to Mar 30, 2022
      • Assets in custody · $866M to $680M
        Jun 2, 2020 to Mar 31, 2021
      • State-registered IARs · 1 to 2
        Jun 2, 2020 to Mar 31, 2021
      • Discretionary RAUM · $866M to $680M
        Jun 2, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $866M to $680M
        Jun 2, 2020 to Mar 31, 2021
      • RAUM · $866M to $680M
        Jun 2, 2020 to Mar 31, 2021
      • Related adviser · false to true
        Jun 2, 2020 to Mar 31, 2021
      • Assets in custody · unset to 865794190.0
        Mar 28, 2019 to Jun 2, 2020
      • Custody of client assets · false to true
        Mar 28, 2019 to Jun 2, 2020
      • Financial planning clients · unset to 1-10
        Mar 28, 2019 to Jun 2, 2020
      • Discretionary RAUM · $1.0B to $866M
        Mar 28, 2019 to Jun 2, 2020
      • Pooled vehicle RAUM · $1.0B to $866M
        Mar 28, 2019 to Jun 2, 2020
      • RAUM · $1.0B to $866M
        Mar 28, 2019 to Jun 2, 2020
      • Other offices · 1 to 0
        Mar 30, 2018 to Mar 28, 2019
      • Discretionary RAUM · $1.3B to $1.0B
        Mar 30, 2018 to Mar 28, 2019
      • Pooled vehicle RAUM · $1.3B to $1.0B
        Mar 30, 2018 to Mar 28, 2019
      • RAUM · $1.3B to $1.0B
        Mar 30, 2018 to Mar 28, 2019
      • Pooled vehicle clients · unset to 2.0
        Mar 31, 2017 to Mar 30, 2018
      • Employees · 3 to 4
        Mar 31, 2017 to Mar 30, 2018
      Signals
      3 dated events
      • B•••••• C•••••• C•••• reported RAUM $935.0M, up 26% from $744.7M (2024-03-28 to 2025-03-26)
        Mar 26, 2025 · RAUM change · derived
      • B•••••• C•••••• C•••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Mar 14, 2014 · Succession (Item 4) · fact
      • B•••••• C•••••• C•••• filed its initial SEC registration (Form ADV)
        May 24, 2013 · 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
      Principal office phone
      210-344-3400reportedpublic record, Form ADV, Mar 28, 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
      $1.0Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026