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
Horrell Capital Management, Inc.
Latest filing Mar 3, 2026
First filing on the tape Mar 27, 2012 · 20 filings
SEC status approved since Aug 3, 2006
RAUM
$435M
reported, Item 5.F
Discretionary
59%
of RAUM
Private clients
52%
$228M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$435M
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
20 filings and snapshots on the tape
RAUM$435M as of Mar 3, 2026
Mar 27, 2012$227M then
HNW client RAUM$220M as of Mar 3, 2026
Mar 29, 2018$143M then
State-registered IARs (5.B.3)1 as of Mar 3, 2026
Mar 27, 20120 then
Employees (5.A)1 as of Mar 3, 2026
Jan 24, 20132 then
Private funds: no history
RAUM -4.2% over the last fiscal year+3.3% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 3, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $435MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 77derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $10.0MderivedHNW RAUM over HNW clients
- Average account
- $3.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 59%derivedof RAUM
- Institutional
- 48%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -4.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.9%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$220M51%
- State and municipal entities$207M47%
- Individuals$7.6M1.7%
- Charitable organizations$719,2290.2%
- Individual clients
- 55reported
- HNW clients
- 22reported
- Pension plan clients
- 0reported
- Charitable clients
- 3reported
- Accounts
- 144reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.52 fund_share=0.0 institutional_share=0.48 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Scott Lee Horrell | Little Rock, Ar | Jan 5, 2007 | 37 y | 1 |
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
- Ellis Martin Sloan to Kernodle & Katon Tax And Asset Management GroupMay 18, 2015 · Other
Joined, latest
- Ellis Martin Sloan from Lathrop Investment Management CorpNov 5, 2013 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lee Scott Horrell · President,Chief Compliance Officercontrolsince 10/1999 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Mar 3, 2026institutional share of RAUM of 48% against a peer median of 0% (5676 comparable advisers, 99.0th percentile, 16.0 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 99% percentile
- discretionary share shiftChange between filings · filing Mar 3, 2026discretionary share of RAUM moved from 100.0% to 59.0% between the annual amendments of 2025-03-19 and 2026-03-03peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 190 to 144Mar 19, 2025 to Mar 3, 2026
- Charity clients · 4 to 3Mar 19, 2025 to Mar 3, 2026
- HNW clients · 9 to 22Mar 19, 2025 to Mar 3, 2026
- Individual clients · 63 to 55Mar 19, 2025 to Mar 3, 2026
- Discretionary RAUM · $454M to $258MMar 19, 2025 to Mar 3, 2026
- HNW RAUM · $220M to $220MMar 19, 2025 to Mar 3, 2026
- Individual RAUM · $13.2M to $7.6MMar 19, 2025 to Mar 3, 2026
- Non-discretionary RAUM · $0 to $177MMar 19, 2025 to Mar 3, 2026
- RAUM · $454M to $435MMar 19, 2025 to Mar 3, 2026
- Accounts · 165 to 190Mar 14, 2024 to Mar 19, 2025
- Charity clients · 5 to 4Mar 14, 2024 to Mar 19, 2025
- HNW clients · 11 to 9Mar 14, 2024 to Mar 19, 2025
- Individual clients · 60 to 63Mar 14, 2024 to Mar 19, 2025
- Financial planning clients · 0 to 0Mar 14, 2024 to Mar 19, 2025
- Discretionary RAUM · $460M to $454MMar 14, 2024 to Mar 19, 2025
- HNW RAUM · $224M to $220MMar 14, 2024 to Mar 19, 2025
- Individual RAUM · $13.2M to $13.2MMar 14, 2024 to Mar 19, 2025
- RAUM · $460M to $454MMar 14, 2024 to Mar 19, 2025
- Accounts · 169 to 165Oct 31, 2023 to Mar 14, 2024
- Charity clients · 4 to 5Oct 31, 2023 to Mar 14, 2024
- HNW clients · 12 to 11Oct 31, 2023 to Mar 14, 2024
- Individual clients · 61 to 60Oct 31, 2023 to Mar 14, 2024
- Discretionary RAUM · $395M to $460MOct 31, 2023 to Mar 14, 2024
- HNW RAUM · $192M to $224MOct 31, 2023 to Mar 14, 2024
- Individual RAUM · $7.0M to $13.2MOct 31, 2023 to Mar 14, 2024
- RAUM · $395M to $460MOct 31, 2023 to Mar 14, 2024
- Accounts · 161 to 169Mar 3, 2022 to Mar 24, 2023
- Charity clients · unset to 4.0Mar 3, 2022 to Mar 24, 2023
- Corporate clients · unset to 0.0Mar 3, 2022 to Mar 24, 2023
- HNW clients · 11 to 12Mar 3, 2022 to Mar 24, 2023
- Individual clients · 53 to 61Mar 3, 2022 to Mar 24, 2023
- Pension plan clients · unset to 0.0Mar 3, 2022 to Mar 24, 2023
- Pooled vehicle clients · unset to 0.0Mar 3, 2022 to Mar 24, 2023
- Discretionary RAUM · $432M to $395MMar 3, 2022 to Mar 24, 2023
- HNW RAUM · $212M to $192MMar 3, 2022 to Mar 24, 2023
- Individual RAUM · $8.3M to $7.0MMar 3, 2022 to Mar 24, 2023
- Pension RAUM · unset to 0.0Mar 3, 2022 to Mar 24, 2023
- Pooled vehicle RAUM · unset to 0.0Mar 3, 2022 to Mar 24, 2023
- RAUM · $432M to $395MMar 3, 2022 to Mar 24, 2023
- Accounts · 140 to 161Mar 15, 2021 to Mar 3, 2022
Signals
No event on the tape.
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
- 501-975-4655reportedpublic record, Form ADV, Mar 3, 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
- $435Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026