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

Wela Financial Advisory

Independent wealth managerSan Antonio, TexasCRD 126266SEC 801-72638website IAPD

Legal name Brent Forrest & Associates, L.L.C.

Latest filing Jul 24, 2026

First filing on the tape Mar 28, 2012 · 45 filings

SEC status approved since Aug 3, 2011

RAUM

$657M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

99%

$650M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$110M

derived; firm RAUM over IAPD count

Employees

3 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

45 filings and snapshots on the tape

RAUM$657M as of Jul 24, 2026

Mar 28, 2012$153M then

HNW client RAUM$528M as of Jul 24, 2026

Feb 15, 2018$112M then

State-registered IARs (5.B.3)4 as of Jul 24, 2026

Mar 28, 20120 then

Employees (5.A)9 as of Jul 24, 2026

Mar 1, 20135 then

Private funds: no history

RAUM +25% over the last fiscal year+13% a year over threeIARs 4 to 4

Practice profile

derived from the filing of Jul 24, 2026; every figure names its basis

Archetypes, each a printed rule

HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
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: $110MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 73derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $10.1MderivedHNW RAUM over HNW clients
Average account: $424,475derivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.5derivedItem 5.A over advisors
Advisors per office: 6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year: +25%derivedbetween the last two annual amendments
Advisor growth, one year: -25%derivedItem 5.B.3 between annual amendments
Client growth, one year: -11%derived
Compensation: percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, publications, educational seminarsreportedItem 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

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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$528M81%
Individuals$122M19%
Pension and profit-sharing plans$2.5M0.4%
Charitable organizations$2.5M0.4%

Individual clients: 385reported
HNW clients: 52reported
Pension plan clients: 4reported
Charitable clients: 2reported
Accounts: 1,548reported
Financial planning clients: 251-500reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

6 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Anders Olsen Storvik	San Antonio, Tx	Jan 3, 2018	12 y	1
Esmond M PabilonaCertified Financial Planner	San Antonio;, Tx	Mar 6, 2019	12 y	2
Taylor A Chamness	San Antonio, Tx	Mar 24, 2022	10 y	3
Thomas James Coy	San Antonio, Tx	Jul 3, 2025	11 y	3
Rachel Shayna Gurinsky	San Antonio, Tx	Oct 27, 2025	12 y	0
Elizabeth Ann Alamillo	San Antonio, Tx	May 11, 2026	13 y	1

Advisor movement

0 left, 1 joined in 12 months

net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months

Left, latest

Christian Martinez to Lido
Sep 18, 2024 · RIA to RIA
Caleb Scott Mcsorley to Fisher Investments
Jul 6, 2022 · RIA to RIA
Monica S. Cervantes to Pax Financial Group
Apr 7, 2021 · RIA to RIA

Joined, latest

Elizabeth Ann Alamillo from Equitable Advisors, LLC
May 11, 2026 · Affiliated broker-dealer or bank to independent RIA
Thomas James Coy from Victory Capital Management Inc.
Jul 3, 2025 · Other
Taylor A Chamness from Frost Investment Services
Mar 24, 2022 · Affiliated broker-dealer or bank to independent RIA
Caleb Scott Mcsorley from Capital Client Group, Inc.
Jan 16, 2020 · Other
Esmond M Pabilona from Mercer Global Advisors Inc.
Mar 6, 2019 · RIA to RIA
Anders Olsen Storvik from Gwn Securities Inc.
Jan 3, 2018 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Ann Priscilla Mckinley · Presidentcontrol
since 01/2016 · owns 25% to 50%
Olsen Anders Storvik · Partner/Client Advisor/Ccocontrol
since 01/2020 · owns 25% to 50%
M Esmond Pabilona · Partner/Client Advisor
since 01/2020 · 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
San Antonio, Tx · principal	6	2	0

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Advisory employees · 2 to 3
Feb 25, 2026 to May 11, 2026
Employees · 8 to 9
Feb 25, 2026 to May 11, 2026
State-registered IARs · 3 to 4
Feb 25, 2026 to May 11, 2026
Accounts · 1,408 to 1,548
Nov 14, 2025 to Feb 25, 2026
Advisory employees · 3 to 2
Nov 14, 2025 to Feb 25, 2026
Charity clients · 0 to 2
Nov 14, 2025 to Feb 25, 2026
HNW clients · 150 to 52
Nov 14, 2025 to Feb 25, 2026
Individual clients · 339 to 385
Nov 14, 2025 to Feb 25, 2026
Pension plan clients · 0 to 4
Nov 14, 2025 to Feb 25, 2026
Employees · 9 to 8
Nov 14, 2025 to Feb 25, 2026
State-registered IARs · 6 to 3
Nov 14, 2025 to Feb 25, 2026
Discretionary RAUM · $526M to $657M
Nov 14, 2025 to Feb 25, 2026
HNW RAUM · $435M to $528M
Nov 14, 2025 to Feb 25, 2026
Individual RAUM · $91.4M to $122M
Nov 14, 2025 to Feb 25, 2026
Pension RAUM · $0 to $2.5M
Nov 14, 2025 to Feb 25, 2026
RAUM · $526M to $657M
Nov 14, 2025 to Feb 25, 2026
Advisory employees · 2 to 3
Aug 8, 2025 to Nov 14, 2025
Employees · 7 to 9
Aug 8, 2025 to Nov 14, 2025
State-registered IARs · 5 to 6
Aug 8, 2025 to Nov 14, 2025
Employees · 6 to 7
Jul 24, 2025 to Aug 8, 2025
State-registered IARs · 4 to 5
Jul 24, 2025 to Aug 8, 2025
Financial planning clients · 251-500 to 251-500
May 6, 2025 to Jul 24, 2025
Accounts · 1,454 to 1,408
Mar 3, 2025 to Mar 11, 2025
HNW clients · 110 to 150
Mar 3, 2025 to Mar 11, 2025
Individual clients · 363 to 339
Mar 3, 2025 to Mar 11, 2025
Discretionary RAUM · $506M to $526M
Mar 3, 2025 to Mar 11, 2025
HNW RAUM · $223M to $435M
Mar 3, 2025 to Mar 11, 2025
Individual RAUM · $283M to $91.4M
Mar 3, 2025 to Mar 11, 2025
RAUM · $506M to $526M
Mar 3, 2025 to Mar 11, 2025
Advisory employees · 3 to 2
Aug 2, 2024 to Sep 18, 2024
Employees · 7 to 6
Aug 2, 2024 to Sep 18, 2024
State-registered IARs · 5 to 4
Aug 2, 2024 to Sep 18, 2024
Employees · 6 to 7
Jun 12, 2024 to Aug 2, 2024
State-registered IARs · 3 to 5
Jun 12, 2024 to Aug 2, 2024
Advisory employees · 4 to 3
Feb 21, 2024 to Jun 12, 2024
Employees · 7 to 6
Feb 21, 2024 to Jun 12, 2024
State-registered IARs · 4 to 3
Feb 21, 2024 to Jun 12, 2024
Accounts · 1,504 to 1,454
Nov 8, 2023 to Feb 21, 2024
Advisory activities · 2 to 4
Nov 8, 2023 to Feb 21, 2024
HNW clients · 150 to 110
Nov 8, 2023 to Feb 21, 2024

Signals

4 dated events

Christian Martinez left Wela Financial Advisory for Lido (registered 2024-09-24)
Sep 18, 2024 · Advisor changed firm · fact
Caleb Scott Mcsorley left Wela Financial Advisory for Fisher Investments (registered 2022-09-13)
Jul 6, 2022 · Advisor changed firm · fact
Wela Financial Advisory reported RAUM $412.7M, up 43% from $288.7M (2019-12-02 to 2020-02-24)
Feb 24, 2020 · RAUM change · derived
Lawhon Brent Forrest (Managing Member) no longer on Schedule A of Wela Financial Advisory (listed 2018-02-15, absent 2019-01-30)
Jan 30, 2019 · Control person left · inference

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

Business phone: 210-530-9599reportedpublished by the firm, firm site, Sep 16, 2026
Website: welafa.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 210-530-9599reportedpublic record, Form ADV, Jul 24, 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: $110Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026