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

P••••••• C•••••• I•••••••••

Independent wealth managerCRD 125790SEC 801-62010websiteIAPD
Legal name P••••••• C•••••• I••••••••• L••
Latest filing Apr 30, 2026
First filing on the tape Mar 28, 2012 · 45 filings
SEC status approved since May 16, 2003
RAUM
$748M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
80%
$595M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$187M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
15
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$748M as of Apr 30, 2026
Mar 28, 2012$245M then
HNW client RAUM$576M as of Apr 30, 2026
Mar 15, 2018$260M then
State-registered IARs (5.B.3)3 as of Apr 30, 2026
Mar 14, 20133 then
Employees (5.A)4 as of Apr 30, 2026
Mar 14, 20133 then
Private funds15 as of Apr 30, 2026
Mar 28, 20121 then
RAUM +20% over the last fiscal year+12% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Apr 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
  • 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)
RAUM per advisor
$187MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
39derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.6MderivedHNW RAUM over HNW clients
Average account
$2.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.0derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.8%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$576M77%
  • Pooled investment vehicles$132M18%
  • Individuals$19.3M2.6%
  • Charitable organizations$18.9M2.5%
  • Pension and profit-sharing plans$670,0300.1%
  • Corporations and businesses$654,3640.1%
Individual clients
69reported
HNW clients
87reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
277reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.8 fund_share=0.18 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• I•••••••Rancho S•••• Fe, CaMar 7, 200536 y0
K••• N••••• L••••••Leander, TxNov 3, 200922 y0
B•••• H••••• W••• B••••Leander, Tx Jun 27, 201618 y0
A••••••• L•••••• S••••••Leander, Tx Jul 31, 20249 y0
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
    none on the tape
      Private funds
      17 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      R•• P••••••• G•••• • R••• E••••• F••• I•• L••Real Estate Fund$26.5M96Mar 11, 2019
      R•• P••••••• G•••• • R••• E••••• F••• V•• L••Real Estate Fund$17.3M35Mar 9, 2022
      P••••••• R••• E••••• S••••• L••••• F••• I• L••Real Estate Fund$15.6M60Mar 15, 2018
      R•• P••••••• G•••• • R••• E••••• F••• I•• L••Real Estate Fund$13.6M93Mar 29, 2017
      P••••••• R••• E••••• V• L••Real Estate Fund$13.1M89Mar 30, 2016
      P••••••• C•••••• S••••••• L••Private Equity Fund$8.4M42Mar 20, 2015
      R•• P••••••• O••••••••• L••• F••• I• L••Real Estate Fund$7.8M61Mar 11, 2019
      P••••••• R••• E••••• I••• L••Real Estate Fund$7.8M54Mar 20, 2015
      P••••••• R••• E••••• I•• L••Real Estate Fund$7.4M62Mar 20, 2015
      R•• P••••••• G•••• • R••• E••••• F••• I••• L••Real Estate Fund$4.4M67Mar 15, 2018
      P••••••• R••• E••••• S•••• B•••••• F••• I• L••Real Estate Fund$2.7M41Mar 29, 2017
      P••••••• S•••••• F••• I• L••Real Estate Fund$2.2M32Mar 12, 2020
      R•• P••••••• • T•••• F••• V• L••Real Estate Fund$1.0M18Mar 9, 2022
      P••••••• C•••••• F•••• L•••no longer reportedPrivate Equity Fund$891,77918Mar 28, 2012
      R•• P••••••• G•••• • D••••••••• F••• I• L••Real Estate Fund$078Mar 29, 2017
      P••••••• R••• E••••• I•• L••Real Estate Fund$032Mar 20, 2015
      P••••••• R••• E••••• I• L••Real Estate Fund$019Mar 20, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • L••••••• K•••• N••••• · Principal, Chief Executive Officer & Chief Compliance Officercontrol
        since 07/2024 · owns less than 5%
      • L••••••• A••••••• · Principal, Chief Operating Officercontrol
        since 07/2024 · owns less than 5%
      • B••••• B••••• H••••• W••• · Membercontrol
        since 02/2024 · owns 75% or more of N••• H•••••••• L••
      • L••••••• K•••• N••••• · Trusteecontrol
        since 12/2022 · owns 75% or more of K••• L•••••• R•••••••• 2••• T••••
      • L••••••• C••••••• O••• · Trusteecontrol
        since 07/2024 · owns 75% or more of L•••••• F••••• T•••• O• 2•••
      • B••••• B••••• H••••• W••• · Principal, Chief Investment Officer
        since 01/2023 · owns less than 5%
      Entity owners
      • L•••••• F••••• T•••• O• 2••• · Member
        direct · owns 75% or more
      • K••• L•••••• R•••••••• 2••• T•••• · Member
        direct · owns 10% to 25%
      • N••• H•••••••• L•• · Member
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • P••••••• C•••••• R••• E•••••
        pooled vehicle sponsory
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Leander, Tx300
      Offices
      Schedule D 1.F, the 25 largest
      • Denver, CO1 employees
      • , 1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • custody status changedChange between filings · filing Apr 30, 2026
        custody of client assets (Item 9.A): yes on the filing of 2026-03-24, no on the filing of 2026-04-30
        peers: independent wealth managers, $500M to $1B (1,482)
      What changed
      consecutive filings, newest first
      • Assets in custody · 128689502.0 to unset
        Mar 24, 2026 to Apr 30, 2026
      • Custody of client assets · true to false
        Mar 24, 2026 to Apr 30, 2026
      • Accounts · 259 to 277
        Feb 2, 2026 to Mar 24, 2026
      • Corporate clients · 0.0 to unset
        Feb 2, 2026 to Mar 24, 2026
      • HNW clients · 82 to 87
        Feb 2, 2026 to Mar 24, 2026
      • Individual clients · 64 to 69
        Feb 2, 2026 to Mar 24, 2026
      • Pooled vehicle clients · 14 to 15
        Feb 2, 2026 to Mar 24, 2026
      • Private funds · 14 to 15
        Feb 2, 2026 to Mar 24, 2026
      • Discretionary RAUM · $622M to $748M
        Feb 2, 2026 to Mar 24, 2026
      • HNW RAUM · $440M to $576M
        Feb 2, 2026 to Mar 24, 2026
      • Individual RAUM · $33.6M to $19.3M
        Feb 2, 2026 to Mar 24, 2026
      • Pension RAUM · $4.9M to $670,030
        Feb 2, 2026 to Mar 24, 2026
      • Pooled vehicle RAUM · $129M to $132M
        Feb 2, 2026 to Mar 24, 2026
      • RAUM · $622M to $748M
        Feb 2, 2026 to Mar 24, 2026
      • Accounts · 276 to 259
        Dec 3, 2024 to Mar 28, 2025
      • HNW clients · 92 to 82
        Dec 3, 2024 to Mar 28, 2025
      • Pension plan clients · 5.0 to unset
        Dec 3, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 15 to 14
        Dec 3, 2024 to Mar 28, 2025
      • Assets in custody · $127M to $129M
        Dec 3, 2024 to Mar 28, 2025
      • Employees · 3 to 4
        Dec 3, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Dec 3, 2024 to Mar 28, 2025
      • HQ city · unset to
        Dec 3, 2024 to Mar 28, 2025
      • HQ state · unset to
        Dec 3, 2024 to Mar 28, 2025
      • Other offices · 2 to 3
        Dec 3, 2024 to Mar 28, 2025
      • Discretionary RAUM · $602M to $622M
        Dec 3, 2024 to Mar 28, 2025
      • HNW RAUM · $417M to $440M
        Dec 3, 2024 to Mar 28, 2025
      • Individual RAUM · $26.3M to $33.6M
        Dec 3, 2024 to Mar 28, 2025
      • Pension RAUM · $16.0M to $4.9M
        Dec 3, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $127M to $129M
        Dec 3, 2024 to Mar 28, 2025
      • RAUM · $602M to $622M
        Dec 3, 2024 to Mar 28, 2025
      • Private funds · 15 to 14
        Apr 26, 2024 to Nov 1, 2024
      • Accounts · 248 to 276
        Dec 1, 2023 to Mar 5, 2024
      • HNW clients · 86 to 92
        Dec 1, 2023 to Mar 5, 2024
      • Individual clients · 67 to 64
        Dec 1, 2023 to Mar 5, 2024
      • Pension plan clients · unset to 5.0
        Dec 1, 2023 to Mar 5, 2024
      • Pooled vehicle clients · 16 to 15
        Dec 1, 2023 to Mar 5, 2024
      • Assets in custody · $124M to $127M
        Dec 1, 2023 to Mar 5, 2024
      • Private funds · 16 to 15
        Dec 1, 2023 to Mar 5, 2024
      • Discretionary RAUM · $532M to $602M
        Dec 1, 2023 to Mar 5, 2024
      • HNW RAUM · $342M to $417M
        Dec 1, 2023 to Mar 5, 2024
      Signals
      5 dated events
      • Adrienne L•••••• (Principal, Chief Operating Officer) appeared on Schedule A of P••••••• C•••••• I•••••••••
        Nov 1, 2024 · Control person joined · fact
      • O••• C•••••• L•••••• (Trustee) appeared on Schedule A of P••••••• C•••••• I•••••••••
        Nov 1, 2024 · Control person joined · fact
      • Charles Steven L•••••• (Principal/ Managing Principal) no longer on Schedule A of P••••••• C•••••• I••••••••• (listed 2024-04-26, absent 2024-11-01)
        Nov 1, 2024 · Control person left · inference
      • P••••••• C•••••• I••••••••• reported RAUM $463.9M, up 47% from $316.4M (2019-03-11 to 2020-03-12)
        Mar 12, 2020 · RAUM change · derived
      • P••••••• C•••••• I••••••••• reported RAUM $316.4M, down 26% from $426.8M (2018-03-21 to 2019-03-11)
        Mar 11, 2019 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Business email
      i•••@p•••••••••.netreportedpublished by the firm, firm site, Sep 15, 2026
      Business phone
      512-310-8545reportedpublished by the firm, firm site, Sep 15, 2026
      Website
      P•••••••CAPITAL.NETreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      512-337-5521reportedpublic record, Form ADV, Apr 30, 2026
      Contact form
      p•••••••••.netreportedpublished by the firm, firm site, Sep 15, 2026
      Team page
      p•••••••••.netreportedpublished 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
      $187Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      P••••••• C•••••• I••••••••• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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