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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Former SEC-registered adviser

B•••• I•••••••• L•

Former SEC-registered adviserHouston, TexasCRD 124822SEC 801-62442IAPD
Latest filing Aug 17, 2015
First filing on the tape Dec 6, 2011 · 12 filings
RAUM
$71.3M
reported, Item 5.F
Discretionary
45%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
1
$2.1M gross assets
History
12 filings and snapshots on the tape
RAUM$71.3M as of Mar 31, 2015
Apr 4, 2012$87.4M then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of Mar 31, 2015
Apr 4, 20120 then
Employees (5.A)5 as of Mar 31, 2015
Apr 1, 20135 then
Private funds1 as of Mar 31, 2015
Apr 4, 20121 then
RAUM -44% over the last fiscal year-6.6% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Aug 17, 2015; every figure names its basis
RAUM per advisor
$35.6MderivedRAUM 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
$4.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
45%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-44%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 assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Custody
$2.1M, 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)
  • 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
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
16reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$2.1M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 days1 left over 36 months
Joined, latest
none on the tape
    Every departureEvery arrival
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    B•••• I••••••• P•••••••• L•Other Private Fund$2.1M2Apr 4, 2012
    Owners and control persons
    Schedule A and B, latest filing
    • B•••• I••• D•••••• A•••••• · Managing Partner/Chief Investment Officercontrol
      since 09/2009 · owns 75% or more
    • B•••• J••• D•••••• A•••••• · Chairmancontrol
      since 12/2002 · owns less than 5%
    • B••••• M••••••• K•••• · Limited Partner / Analyst / P•••••••• Managercontrol
      since 04/2006 · owns 5% to 10%
    • C•••• R••••••• V••••• · Limited Partner / Analyst / P•••••••• Managercontrol
      since 04/2006 · owns less than 5%
    • S•••••• K•••• · Chief Compliance Officercontrol
      since 11/2009 · owns less than 5%
    • B•••• I••• D•••••• A•••••• · Ownercontrol
      since 09/2009 · owns 75% or more of B••••• H•••••••• I•••
    Entity owners
    • B••••• H•••••••• I••• · General Partner
      direct · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    H••••••, Tx · principal001
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 17 to 16
      Mar 31, 2014 to Mar 31, 2015
    • Assets in custody · $2.2M to $2.1M
      Mar 31, 2014 to Mar 31, 2015
    • Insurance-licensed employees · 0 to 1
      Mar 31, 2014 to Mar 31, 2015
    • Discretionary RAUM · $89.2M to $31.7M
      Mar 31, 2014 to Mar 31, 2015
    • Non-discretionary RAUM · $37.7M to $39.5M
      Mar 31, 2014 to Mar 31, 2015
    • RAUM · $127M to $71.3M
      Mar 31, 2014 to Mar 31, 2015
    • Assets in custody · $1.4M to $2.2M
      Mar 31, 2014 to Mar 31, 2014
    • Discretionary RAUM · $64.9M to $89.2M
      Mar 31, 2014 to Mar 31, 2014
    • Non-discretionary RAUM · $30.2M to $37.7M
      Mar 31, 2014 to Mar 31, 2014
    • RAUM · $95.1M to $127M
      Mar 31, 2014 to Mar 31, 2014
    • Accounts · 20 to 17
      Mar 26, 2013 to Apr 1, 2013
    • Discretionary RAUM · $62.8M to $64.9M
      Mar 26, 2013 to Apr 1, 2013
    • Non-discretionary RAUM · $27.6M to $30.2M
      Mar 26, 2013 to Apr 1, 2013
    • RAUM · $90.5M to $95.1M
      Mar 26, 2013 to Apr 1, 2013
    • Advisory employees · unset to 3.0
      Jul 13, 2012 to Mar 26, 2013
    • BD registered reps · unset to 0.0
      Jul 13, 2012 to Mar 26, 2013
    • Employees · unset to 5.0
      Jul 13, 2012 to Mar 26, 2013
    • State-registered IARs · 0 to 2
      Jul 13, 2012 to Mar 26, 2013
    • Discretionary RAUM · $60.0M to $62.8M
      Apr 4, 2012 to Jul 13, 2012
    • Non-discretionary RAUM · $27.4M to $27.6M
      Apr 4, 2012 to Jul 13, 2012
    • RAUM · $87.4M to $90.5M
      Apr 4, 2012 to Jul 13, 2012
    • Accounts · 22 to 20
      Dec 6, 2011 to Apr 4, 2012
    • Assets in custody · $1.3M to $1.4M
      Dec 6, 2011 to Apr 4, 2012
    • Insurance-licensed employees · unset to 0.0
      Dec 6, 2011 to Apr 4, 2012
    • Organization form · Other (specify) to Limited Partnership
      Dec 6, 2011 to Apr 4, 2012
    • Private funds · unset to 1
      Dec 6, 2011 to Apr 4, 2012
    • Discretionary RAUM · $62.8M to $60.0M
      Dec 6, 2011 to Apr 4, 2012
    • Non-discretionary RAUM · $25.6M to $27.4M
      Dec 6, 2011 to Apr 4, 2012
    • RAUM · $88.4M to $87.4M
      Dec 6, 2011 to Apr 4, 2012
    Signals
    1 dated events
    • R•••••• C••• left B•••• I•••••••• L• for O•• B•••• I••••••••• A•••••••• L•• (registered 2025-12-05)
      Dec 31, 2025 · Advisor changed firm · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026