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
Ackerman Capital Management
Legal name Ackerman Capital Advisors, LLC
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 18 filings
SEC status approved since Nov 13, 2002
RAUM
$604M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
94%
$565M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$201M
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$604M as of Mar 31, 2026
Mar 30, 2012$189M then
HNW client RAUM$556M as of Mar 31, 2026
Mar 28, 2018$411M then
State-registered IARs (5.B.3)3 as of Mar 31, 2026
Mar 30, 20120 then
Employees (5.A)6 as of Mar 31, 2026
Mar 23, 20137 then
Private funds2 as of Mar 31, 2026
Mar 30, 20121 then
RAUM +27% over the last fiscal year+11% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 31, 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $201MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 58derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.9MderivedHNW RAUM over HNW clients
- Average account
- $1.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 6.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +27%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +7.4%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consultingreportedItem 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$556M92%
- Charitable organizations$27.1M4.5%
- Pension and profit-sharing plans$11.5M1.9%
- Individuals$9.0M1.5%
- Individual clients
- 33reported
- HNW clients
- 141reported
- Pension plan clients
- 10reported
- Charitable clients
- 8reported
- Accounts
- 528reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David Brouwer AckermanCertified Financial Planner, Chartered Financial Analyst | Dallas, Tx | May 29, 2013 | 24 y | 7 |
| John Michael HeaChartered Financial Analyst | Dallas, Tx | May 30, 2013 | 29 y | 2 |
| Keith Allen PillersCertified Financial Planner | Dallas, Tx | Nov 25, 2019 | 10 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
- Joshua Michael Cohen to Mcelhenny Sheffield Capital Management, LLCJul 10, 2017 · Other
Joined, latest
- Keith Allen Pillers from Bok Financial Private Wealth, Inc.Nov 25, 2019 · RIA to RIA
- Joshua Michael Cohen from Kestra Advisory Services, LLCSep 7, 2016 · Other
- John Michael Hea from Martin & Company Investment CounselApr 25, 2012 · Other
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Ackerman Value Partners, L.P.no longer reported | Hedge Fund | $18.1M | 16 | Mar 30, 2012 |
| Acm Enhanced Municipal Income Fund, LP | Hedge Fund | $13.5M | 44 | Mar 29, 2019 |
| A/Y Digital Holdings, LP | Hedge Fund | $9.3M | 36 | Mar 29, 2024 |
Owners and control persons
Schedule A and B, latest filing
- Brouwer David Ackerman · Member & Chief Compliance Officercontrolsince 12/2002 · owns 75% or more
Related persons
Schedule D 7.A
- A/Y Digital Advisers LLCinvestment adviserpooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dallas, Tx · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 31, 2026custody of client assets (Item 9.A): yes on the filing of 2025-03-31, no on the filing of 2026-03-31peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 535 to 528Mar 31, 2025 to Mar 31, 2026
- Charity clients · 6 to 8Mar 31, 2025 to Mar 31, 2026
- HNW clients · 143 to 141Mar 31, 2025 to Mar 31, 2026
- Individual clients · 19 to 33Mar 31, 2025 to Mar 31, 2026
- Pension plan clients · 9 to 10Mar 31, 2025 to Mar 31, 2026
- Assets in custody · 236404657.0 to unsetMar 31, 2025 to Mar 31, 2026
- Custody of client assets · true to falseMar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $435M to $595MMar 31, 2025 to Mar 31, 2026
- HNW RAUM · $433M to $556MMar 31, 2025 to Mar 31, 2026
- Individual RAUM · $3.3M to $9.0MMar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $41.7M to $8.7MMar 31, 2025 to Mar 31, 2026
- Pension RAUM · $10.3M to $11.5MMar 31, 2025 to Mar 31, 2026
- RAUM · $477M to $604MMar 31, 2025 to Mar 31, 2026
- Accounts · 524 to 535Mar 29, 2024 to Mar 31, 2025
- Charity clients · 5 to 6Mar 29, 2024 to Mar 31, 2025
- HNW clients · 148 to 143Mar 29, 2024 to Mar 31, 2025
- Individual clients · 9 to 19Mar 29, 2024 to Mar 31, 2025
- Pooled vehicle clients · 1 to 0Mar 29, 2024 to Mar 31, 2025
- Employees · 7 to 6Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · 11-25 to 11-25Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $407M to $435MMar 29, 2024 to Mar 31, 2025
- HNW RAUM · $402M to $433MMar 29, 2024 to Mar 31, 2025
- Individual RAUM · $563,809 to $3.3MMar 29, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $38.5M to $41.7MMar 29, 2024 to Mar 31, 2025
- Pension RAUM · $8.6M to $10.3MMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $13.5M to $0Mar 29, 2024 to Mar 31, 2025
- RAUM · $445M to $477MMar 29, 2024 to Mar 31, 2025
- Accounts · 546 to 524Apr 1, 2023 to Mar 29, 2024
- HNW clients · 154 to 148Apr 1, 2023 to Mar 29, 2024
- Individual clients · 10 to 9Apr 1, 2023 to Mar 29, 2024
- Assets in custody · $156M to $236MApr 1, 2023 to Mar 29, 2024
- Private funds · 1 to 2Apr 1, 2023 to Mar 29, 2024
- Discretionary RAUM · $408M to $407MApr 1, 2023 to Mar 29, 2024
- HNW RAUM · $396M to $402MApr 1, 2023 to Mar 29, 2024
- Individual RAUM · $614,664 to $563,809Apr 1, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $31.4M to $38.5MApr 1, 2023 to Mar 29, 2024
- Pension RAUM · $6.4M to $8.6MApr 1, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $13.8M to $13.5MApr 1, 2023 to Mar 29, 2024
- RAUM · $439M to $445MApr 1, 2023 to Mar 29, 2024
- Accounts · 542 to 546Apr 1, 2022 to Apr 1, 2023
Signals
1 dated events
- Ackerman Capital Management reported RAUM $604.0M, up 27% from $477.2M (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Ackerman Capital Management · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Business phone
- 214-361-5383reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/ACKERMAN-CAPITAL-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
- Website
- ACKERMANCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 214-361-5383reportedpublic record, Form ADV, Mar 31, 2026
- Contact form
- ackermancapital.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- ackermancapital.com/about/teamreportedpublished by the firm, firm site, Sep 15, 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
- $201Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026