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

A•••• A•••• A••••••• L••

Independent wealth managerDallas, TexasCRD 120573SEC 801-61797IAPD
Latest filing Jan 7, 2026
First filing on the tape Jan 19, 2012 · 22 filings
SEC status approved since Feb 7, 2003
RAUM
$839M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
100%
$839M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$420M
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$839M as of Jan 7, 2026
Jan 19, 2012$1.4B then
HNW client RAUM$839M as of Jan 7, 2026
Jan 12, 2018$887M then
State-registered IARs (5.B.3)1 as of Jan 7, 2026
Jan 19, 20120 then
Employees (5.A)4 as of Jan 7, 2026
Jan 18, 20134 then
Private funds: no history
RAUM -8.0% over the last fiscal year+0.5% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jan 7, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$420MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$7.1MderivedHNW RAUM over HNW clients
Average account
$7.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-8.0%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
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 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$839M100%
Individual clients
n/areported
HNW clients
118reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
118reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
L•••• S• A••••Dallas, TxJun 25, 200224 y0
S••••• A••••Dallas, TxMar 29, 200538 y1
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • A••••• L••••• S• · Membercontrol
    since 04/2002 · owns 25% to 50%
  • A••••• S••••• · Managing Member/Chief Compliance Officercontrol
    since 03/2005 · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Dallas, Tx · principal200
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • unusually large average accountStatic outlier · filing Jan 7, 2026
    RAUM per account of $7,113,805 against a peer median of $610,947 (1443 comparable advisers, 98.0th percentile, 4.4 robust deviations)
    peers: independent wealth managers, $500M to $1B (1,443) · 98% percentile
What changed
consecutive filings, newest first
  • Accounts · 139 to 118
    Apr 8, 2025 to Jan 7, 2026
  • Advisory activities · 2 to 1
    Apr 8, 2025 to Jan 7, 2026
  • HNW clients · 138 to 118
    Apr 8, 2025 to Jan 7, 2026
  • Discretionary RAUM · $885M to $822M
    Apr 8, 2025 to Jan 7, 2026
  • HNW RAUM · $882M to $839M
    Apr 8, 2025 to Jan 7, 2026
  • Non-discretionary RAUM · $26.8M to $17.6M
    Apr 8, 2025 to Jan 7, 2026
  • RAUM · $912M to $839M
    Apr 8, 2025 to Jan 7, 2026
  • Financial planning clients · unset to
    Jan 6, 2025 to Apr 8, 2025
  • Accounts · 149 to 139
    Jun 12, 2024 to Jan 6, 2025
  • Advisory employees · 2 to 1
    Jun 12, 2024 to Jan 6, 2025
  • HNW clients · 148 to 138
    Jun 12, 2024 to Jan 6, 2025
  • Discretionary RAUM · $868M to $885M
    Jun 12, 2024 to Jan 6, 2025
  • HNW RAUM · $864M to $882M
    Jun 12, 2024 to Jan 6, 2025
  • Non-discretionary RAUM · $23.8M to $26.8M
    Jun 12, 2024 to Jan 6, 2025
  • RAUM · $892M to $912M
    Jun 12, 2024 to Jan 6, 2025
  • Accounts · 156 to 149
    Jan 9, 2023 to Jan 8, 2024
  • Advisory activities · 3 to 2
    Jan 9, 2023 to Jan 8, 2024
  • HNW clients · 154 to 148
    Jan 9, 2023 to Jan 8, 2024
  • Pension plan clients · 1.0 to unset
    Jan 9, 2023 to Jan 8, 2024
  • Discretionary RAUM · $805M to $868M
    Jan 9, 2023 to Jan 8, 2024
  • HNW RAUM · $771M to $864M
    Jan 9, 2023 to Jan 8, 2024
  • Non-discretionary RAUM · $21.6M to $23.8M
    Jan 9, 2023 to Jan 8, 2024
  • Pension RAUM · 23754568.0 to unset
    Jan 9, 2023 to Jan 8, 2024
  • RAUM · $827M to $892M
    Jan 9, 2023 to Jan 8, 2024
  • Accounts · 158 to 156
    Jan 10, 2022 to Jan 9, 2023
  • Advisory employees · 3 to 2
    Jan 10, 2022 to Jan 9, 2023
  • HNW clients · 156 to 154
    Jan 10, 2022 to Jan 9, 2023
  • Discretionary RAUM · $650M to $805M
    Jan 10, 2022 to Jan 9, 2023
  • HNW RAUM · $617M to $771M
    Jan 10, 2022 to Jan 9, 2023
  • Non-discretionary RAUM · $23.6M to $21.6M
    Jan 10, 2022 to Jan 9, 2023
  • Pension RAUM · $23.1M to $23.8M
    Jan 10, 2022 to Jan 9, 2023
  • RAUM · $673M to $827M
    Jan 10, 2022 to Jan 9, 2023
  • Accounts · 160 to 158
    Jan 6, 2021 to Jan 10, 2022
  • HNW clients · 158 to 156
    Jan 6, 2021 to Jan 10, 2022
  • Discretionary RAUM · $511M to $650M
    Jan 6, 2021 to Jan 10, 2022
  • HNW RAUM · $479M to $617M
    Jan 6, 2021 to Jan 10, 2022
  • Non-discretionary RAUM · $20.1M to $23.6M
    Jan 6, 2021 to Jan 10, 2022
  • Pension RAUM · $23.3M to $23.1M
    Jan 6, 2021 to Jan 10, 2022
  • RAUM · $531M to $673M
    Jan 6, 2021 to Jan 10, 2022
  • Accounts · 159 to 160
    May 28, 2020 to Jan 6, 2021
Signals
2 dated events
  • A•••• A•••• A••••••• L•• reported RAUM $673.2M, up 27% from $531.0M (2021-01-06 to 2022-01-10)
    Jan 10, 2022 · RAUM change · derived
  • A•••• A•••• A••••••• L•• reported RAUM $531.0M, down 38% from $853.0M (2020-05-28 to 2021-01-06)
    Jan 6, 2021 · 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
Principal office phone
214-360-7410reportedpublic record, Form ADV, Jan 7, 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
$420Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026