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

F••••• W••• L••

Independent wealth managerAthens, GeorgiaCRD 126456SEC 801-61987websiteIAPD
Latest filing Feb 18, 2026
First filing on the tape Jan 30, 2012 · 21 filings
SEC status approved since Apr 18, 2003
RAUM
$572M
reported, Item 5.F
Discretionary
55%
of RAUM
Private clients
100%
$572M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$191M
derived; firm RAUM over IAPD count
Employees
8
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$572M as of Feb 18, 2026
Jan 30, 2012$352M then
HNW client RAUM$561M as of Feb 18, 2026
Mar 6, 2018$525M then
State-registered IARs (5.B.3)3 as of Feb 18, 2026
Jan 30, 20120 then
Employees (5.A)8 as of Feb 18, 2026
Feb 13, 20135 then
Private funds: no history
RAUM -1.7% over the last fiscal year-4.9% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 18, 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
  • UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
$191MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
20derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$14.4MderivedHNW RAUM over HNW clients
Average account
$1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
55%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.7derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-1.7%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-34%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$561M98%
  • Individuals$10.3M1.8%
Individual clients
22reported
HNW clients
39reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
554reported
Financial planning clients
11-25reported
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
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
L••••• W•••• A••••Athens, GaJul 10, 200341 y2
S•••••• E••••• H••••Memphis, Tn Nov 21, 201222 y0
S•••• A••• S••••Memphis, TnDec 18, 202424 y2
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•••••• W•••• · President, Cio, Chief Compliance Officercontrol
    since 06/2003 · owns 50% to 75%
  • S••••• S••••• A••• · Chief Financial Officercontrol
    since 04/2003 · owns 50% to 75%
  • H••••• S•••••• E• · Director Of Tax
    since 02/2004 · 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
Athens, Ga · principal200
Memphis, Tn200
Offices
Schedule D 1.F, the 25 largest
  • Memphis, TN2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • unusually large average HNW clientStatic outlier · filing Feb 18, 2026
    HNW RAUM per HNW client of $14,393,610 against a peer median of $3,134,900 (1404 comparable advisers, 98.0th percentile, 7.4 robust deviations)
    peers: independent wealth managers, $500M to $1B (1,404) · 98% percentile
What changed
consecutive filings, newest first
  • Accounts · 570 to 554
    Feb 10, 2025 to Feb 18, 2026
  • HNW clients · 75 to 39
    Feb 10, 2025 to Feb 18, 2026
  • Individual clients · 17 to 22
    Feb 10, 2025 to Feb 18, 2026
  • Discretionary RAUM · $330M to $312M
    Feb 10, 2025 to Feb 18, 2026
  • HNW RAUM · $577M to $561M
    Feb 10, 2025 to Feb 18, 2026
  • Individual RAUM · $4.1M to $10.3M
    Feb 10, 2025 to Feb 18, 2026
  • Non-discretionary RAUM · $252M to $259M
    Feb 10, 2025 to Feb 18, 2026
  • RAUM · $581M to $572M
    Feb 10, 2025 to Feb 18, 2026
  • Accounts · 672 to 570
    Dec 18, 2024 to Feb 10, 2025
  • HNW clients · 85 to 75
    Dec 18, 2024 to Feb 10, 2025
  • Financial planning clients · 11-25 to 11-25
    Dec 18, 2024 to Feb 10, 2025
  • Discretionary RAUM · $321M to $330M
    Dec 18, 2024 to Feb 10, 2025
  • HNW RAUM · $583M to $577M
    Dec 18, 2024 to Feb 10, 2025
  • Individual RAUM · $2.6M to $4.1M
    Dec 18, 2024 to Feb 10, 2025
  • Non-discretionary RAUM · $265M to $252M
    Dec 18, 2024 to Feb 10, 2025
  • RAUM · $585M to $581M
    Dec 18, 2024 to Feb 10, 2025
  • Accounts · 675 to 672
    Feb 13, 2023 to Feb 23, 2024
  • HNW clients · 80 to 85
    Feb 13, 2023 to Feb 23, 2024
  • Individual clients · 9 to 17
    Feb 13, 2023 to Feb 23, 2024
  • Discretionary RAUM · $324M to $321M
    Feb 13, 2023 to Feb 23, 2024
  • HNW RAUM · $662M to $583M
    Feb 13, 2023 to Feb 23, 2024
  • Individual RAUM · $3.0M to $2.6M
    Feb 13, 2023 to Feb 23, 2024
  • Non-discretionary RAUM · $341M to $265M
    Feb 13, 2023 to Feb 23, 2024
  • RAUM · $665M to $585M
    Feb 13, 2023 to Feb 23, 2024
  • Accounts · 795 to 675
    Dec 13, 2022 to Feb 13, 2023
  • Advisory activities · 6 to 5
    Dec 13, 2022 to Feb 13, 2023
  • HNW clients · 32 to 80
    Dec 13, 2022 to Feb 13, 2023
  • Individual clients · 5 to 9
    Dec 13, 2022 to Feb 13, 2023
  • Discretionary RAUM · $392M to $324M
    Dec 13, 2022 to Feb 13, 2023
  • HNW RAUM · $778M to $662M
    Dec 13, 2022 to Feb 13, 2023
  • Individual RAUM · $614,098 to $3.0M
    Dec 13, 2022 to Feb 13, 2023
  • Non-discretionary RAUM · $387M to $341M
    Dec 13, 2022 to Feb 13, 2023
  • RAUM · $779M to $665M
    Dec 13, 2022 to Feb 13, 2023
  • Accounts · 604 to 795
    Mar 1, 2021 to Feb 14, 2022
  • Advisory activities · 5 to 6
    Mar 1, 2021 to Feb 14, 2022
  • HNW clients · 53 to 32
    Mar 1, 2021 to Feb 14, 2022
  • Individual clients · unset to 5.0
    Mar 1, 2021 to Feb 14, 2022
  • Employees · 5 to 8
    Mar 1, 2021 to Feb 14, 2022
  • State-registered IARs · 0 to 3
    Mar 1, 2021 to Feb 14, 2022
  • Discretionary RAUM · $465M to $392M
    Mar 1, 2021 to Feb 14, 2022
Signals
1 dated events
  • F••••• W••• L•• reported RAUM $652.6M, up 27% from $512.9M (2019-07-08 to 2020-02-07)
    Feb 7, 2020 · 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
Website
w••.f••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
404-961-1051reportedpublic record, Form ADV, Feb 18, 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
$191Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026