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
Foundation Resource Management, Inc.
Latest filing Mar 30, 2026
First filing on the tape Mar 28, 2012 · 18 filings
SEC status approved since Nov 21, 2001
RAUM
$1.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
69%
$782M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$228M
derived; firm RAUM over IAPD count
Employees
9
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$1.1B as of Mar 30, 2026
Mar 28, 2012$1.9B then
HNW client RAUM$749M as of Mar 30, 2026
Mar 29, 2018$385M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Mar 28, 20120 then
Employees (5.A)9 as of Mar 30, 2026
Mar 27, 201310 then
Private funds: no history
RAUM +24% over the last fiscal year+10% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 30, 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
- $228MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 42derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.8MderivedHNW RAUM over HNW clients
- Average account
- $1.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 21%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.8%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $10.9M, 1 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)
- 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)
- 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
- High-net-worth individuals$749M66%
- Charitable organizations$169M15%
- Corporations and businesses$115M10%
- Pension and profit-sharing plans$69.6M6.1%
- Individuals$33.3M2.9%
- Insurance companies$1.3M0.1%
- Individual clients
- 54reported
- HNW clients
- 157reported
- Pension plan clients
- 10reported
- Charitable clients
- 21reported
- Accounts
- 597reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $10.9M for 1 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.69 fund_share=0.0 institutional_share=0.21 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Gregory Philip HartzChartered Financial Analyst | Little Rock, Ar | May 8, 1992 | 34 y | 0 |
| Mark Wood MillsapChartered Financial Analyst | Little Rock, Ar | Nov 19, 2001 | 34 y | 0 |
| Christopher Patrick FleischmannChartered Financial Analyst | Little Rock, Ar | Sep 18, 2008 | 26 y | 1 |
| Zachary Davis RileyChartered Financial Analyst | Little Rock, Ar | Oct 26, 2016 | 18 y | 0 |
| Meredith Humphrey MollChartered Financial Analyst | Little Rock, Ar | May 2, 2017 | 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
none on the tape
Joined, latest
- Christopher Patrick Fleischmann from Morgan Keegan & Company, LLCSep 18, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Philip Gregory Hartz · Secretarycontrolsince 01/2024 · owns 25% to 50%
- Young Abby Mckelvy · Chief Compliance Officercontrolsince 10/2004 · owns less than 5%
- Wood Mark Millsap · Presidentcontrolsince 01/2024 · owns 25% to 50%
- Humphrey Meredith Moll · Presidentcontrolsince 02/2025 · owns 50% to 75%
- Davis Zachary Riley · Secretarycontrolsince 02/2025 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Little Rock, Ar · principal | 5 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
4 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 30, 2026MOLL, MEREDITH, HUMPHREY (PRESIDENT) appeared on Schedule A between the filings of 2012-03-28 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 30, 2026HARTZ, GREGORY, PHILIP (SECRETARY) left Schedule A between the filings of 2012-03-28 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 30, 2026Riley, Zachary, Davis (SECRETARY) appeared on Schedule A between the filings of 2012-03-28 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
- control person changedChange between filings · filing Mar 30, 2026MILLSAP, MARK, WOOD (PRESIDENT) left Schedule A between the filings of 2012-03-28 and 2026-03-30peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
- Accounts · 609 to 597Mar 3, 2025 to Mar 30, 2026
- Corporate clients · 8 to 7Mar 3, 2025 to Mar 30, 2026
- HNW clients · 166 to 157Mar 3, 2025 to Mar 30, 2026
- Individual clients · 51 to 54Mar 3, 2025 to Mar 30, 2026
- Assets in custody · $7.6M to $10.9MMar 3, 2025 to Mar 30, 2026
- Employees · 11 to 9Mar 3, 2025 to Mar 30, 2026
- Discretionary RAUM · $918M to $1.1BMar 3, 2025 to Mar 30, 2026
- HNW RAUM · $602M to $749MMar 3, 2025 to Mar 30, 2026
- Individual RAUM · $22.8M to $33.3MMar 3, 2025 to Mar 30, 2026
- Pension RAUM · $63.4M to $69.6MMar 3, 2025 to Mar 30, 2026
- RAUM · $918M to $1.1BMar 3, 2025 to Mar 30, 2026
- Accounts · 604 to 609Mar 27, 2024 to Mar 3, 2025
- HNW clients · 160 to 166Mar 27, 2024 to Mar 3, 2025
- Individual clients · 55 to 51Mar 27, 2024 to Mar 3, 2025
- Pension plan clients · 9 to 10Mar 27, 2024 to Mar 3, 2025
- Assets in custody · $7.3M to $7.6MMar 27, 2024 to Mar 3, 2025
- Employees · 10 to 11Mar 27, 2024 to Mar 3, 2025
- Financial planning clients · 0 to 0Mar 27, 2024 to Mar 3, 2025
- Discretionary RAUM · $918M to $918MMar 27, 2024 to Mar 3, 2025
- HNW RAUM · $595M to $602MMar 27, 2024 to Mar 3, 2025
- Individual RAUM · $25.7M to $22.8MMar 27, 2024 to Mar 3, 2025
- Pension RAUM · $61.2M to $63.4MMar 27, 2024 to Mar 3, 2025
- RAUM · $918M to $918MMar 27, 2024 to Mar 3, 2025
- Accounts · 538 to 604Mar 27, 2023 to Mar 27, 2024
- HNW clients · 149 to 160Mar 27, 2023 to Mar 27, 2024
- Individual clients · 43 to 55Mar 27, 2023 to Mar 27, 2024
- State-registered IARs · 6 to 5Mar 27, 2023 to Mar 27, 2024
- Discretionary RAUM · $850M to $918MMar 27, 2023 to Mar 27, 2024
- HNW RAUM · $527M to $595MMar 27, 2023 to Mar 27, 2024
- Individual RAUM · $18.3M to $25.7MMar 27, 2023 to Mar 27, 2024
- Pension RAUM · $67.4M to $61.2MMar 27, 2023 to Mar 27, 2024
- RAUM · $850M to $918MMar 27, 2023 to Mar 27, 2024
- Accounts · 476 to 538Mar 9, 2022 to Mar 27, 2023
- Advisory employees · 7 to 6Mar 9, 2022 to Mar 27, 2023
- Corporate clients · 6 to 8Mar 9, 2022 to Mar 27, 2023
- HNW clients · 144 to 149Mar 9, 2022 to Mar 27, 2023
- Individual clients · 33 to 43Mar 9, 2022 to Mar 27, 2023
- Pension plan clients · 10 to 9Mar 9, 2022 to Mar 27, 2023
- Assets in custody · $6.6M to $7.3MMar 9, 2022 to Mar 27, 2023
- Employees · 11 to 10Mar 9, 2022 to Mar 27, 2023
Signals
2 dated events
- Foundation Resource Management, Inc. reported RAUM $791.6M, up 25% from $631.4M (2021-03-30 to 2022-03-09)Mar 9, 2022 · RAUM change · derived
- Foundation Resource Management, Inc. reported RAUM $631.4M, down 50% from $1.3B (2020-06-22 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Foundation Resource Management Inc · Family Officesshared crd · foundation
How to reach
public business contact points only, each with its source
- Business email
- info@frmlr.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 501-604-3190reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/foundation-resource-management/aboutreportedpublic record, Form ADV, Sep 18, 2026
- Website
- FRMLR.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 501-534-2675reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- frmlr.com/contactreportedpublished by the firm, firm site, Sep 17, 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
- $228Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026