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

T••••••••• I••••••••• R••••••••• L••

Other adviserAtlanta, GeorgiaCRD 129663SEC 801-62821websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 28, 2012 · 20 filings
SEC status approved since Feb 19, 2004
RAUM
$2.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$494M
derived; firm RAUM over IAPD count
Employees
30
30 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
6
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$2.0B as of Mar 27, 2026
Mar 28, 2012$775M then
HNW client RAUM$915,923 as of Mar 30, 2020
Mar 30, 2018$872,852 then
State-registered IARs (5.B.3)4 as of Mar 27, 2026
Mar 28, 20120 then
Employees (5.A)30 as of Mar 27, 2026
Mar 28, 201324 then
Private funds6 as of Mar 27, 2026
Mar 28, 20132 then
RAUM -1.5% over the last fiscal year-1.7% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
$494MderivedRAUM 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
$152MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
61%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.5derivedItem 5.A over advisors
Advisors per office
2.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-1.5%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 businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 5.G
Custody
$47.7M, 13 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
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$984M50%
  • Pooled investment vehicles$686M35%
  • Pension and profit-sharing plans$214M11%
  • Corporations and businesses$91.9M4.7%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
2reported
Charitable clients
n/areported
Accounts
13reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$47.7M for 13 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.35 institutional_share=0.61 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
T•• E•••• J••••••Brookline, MaJul 5, 200522 y0
M••• T••••• S•••••Atlanta, GaFeb 8, 201023 y0
T•••••• J•••• H•••••••Atlanta, GaDec 2, 201116 y0
J••••• J••••• F•••Welch, Mn Feb 9, 202318 y1
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
6 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
  • C••••• K••••• L• · Chief Financial Officercontrol
    since 01/2004 · owns less than 5%
  • D••••• C••••••• C••• · Managing Director Of Forest Managementcontrol
    since 01/2024 · owns less than 5%
  • E•••••• C••••••••• M•••••• · Managing Directorcontrol
    since 07/2017 · owns less than 5%
  • F•• C••••••••• · Director - Economic Researchcontrol
    since 03/2004 · owns less than 5%
  • J••••••• T••• E•••• · Managing Directorcontrol
    since 11/2003 · owns less than 5%
  • S•••••• M•••• T••••• · Presidentcontrol
    since 08/2003 · owns 50% to 75%
  • S••••• T•••••••• J•• · Managing Directorcontrol
    since 01/2019 · owns less than 5%
  • F••••••• L••••• W••••• · Chief Compliance Officer
    since 02/2011 · owns less than 5%
  • H•••••••• T••••••• J•••• · Managing Director
    since 03/2014 · owns 5% to 10%
  • M•••••• C••••••••• T••••• · Director - Real Estate
    since 10/2014 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Atlanta, Ga · principal300
Offices
Schedule D 1.F, the 25 largest
  • Brookline, MA2 employees
What changed
consecutive filings, newest first
  • Accounts · 14 to 13
    Mar 27, 2025 to Mar 27, 2026
  • Advisory employees · 29 to 30
    Mar 27, 2025 to Mar 27, 2026
  • Assets in custody · $45.8M to $47.7M
    Mar 27, 2025 to Mar 27, 2026
  • Discretionary RAUM · $2.0B to $2.0B
    Mar 27, 2025 to Mar 27, 2026
  • Pension RAUM · $219M to $214M
    Mar 27, 2025 to Mar 27, 2026
  • Pooled vehicle RAUM · $691M to $686M
    Mar 27, 2025 to Mar 27, 2026
  • RAUM · $2.0B to $2.0B
    Mar 27, 2025 to Mar 27, 2026
  • Accounts · 15 to 14
    Mar 28, 2024 to Mar 27, 2025
  • Advisory employees · 28 to 29
    Mar 28, 2024 to Mar 27, 2025
  • Pooled vehicle clients · 5 to 6
    Mar 28, 2024 to Mar 27, 2025
  • Assets in custody · $53.5M to $45.8M
    Mar 28, 2024 to Mar 27, 2025
  • Employees · 29 to 30
    Mar 28, 2024 to Mar 27, 2025
  • Financial planning clients · unset to
    Mar 28, 2024 to Mar 27, 2025
  • Discretionary RAUM · $1.9B to $2.0B
    Mar 28, 2024 to Mar 27, 2025
  • Pension RAUM · $231M to $219M
    Mar 28, 2024 to Mar 27, 2025
  • Pooled vehicle RAUM · $592M to $691M
    Mar 28, 2024 to Mar 27, 2025
  • RAUM · $1.9B to $2.0B
    Mar 28, 2024 to Mar 27, 2025
  • Accounts · 17 to 15
    Mar 30, 2023 to Mar 28, 2024
  • Advisory employees · 23 to 28
    Mar 30, 2023 to Mar 28, 2024
  • Corporate clients · unset to 1.0
    Mar 30, 2023 to Mar 28, 2024
  • Pension plan clients · 4 to 2
    Mar 30, 2023 to Mar 28, 2024
  • Pooled vehicle clients · 4 to 5
    Mar 30, 2023 to Mar 28, 2024
  • Assets in custody · $78.5M to $53.5M
    Mar 30, 2023 to Mar 28, 2024
  • Employees · 27 to 29
    Mar 30, 2023 to Mar 28, 2024
  • Private funds · 5 to 6
    Mar 30, 2023 to Mar 28, 2024
  • Discretionary RAUM · $2.1B to $1.9B
    Mar 30, 2023 to Mar 28, 2024
  • Pension RAUM · $596M to $231M
    Mar 30, 2023 to Mar 28, 2024
  • Pooled vehicle RAUM · $131M to $592M
    Mar 30, 2023 to Mar 28, 2024
  • RAUM · $2.1B to $1.9B
    Mar 30, 2023 to Mar 28, 2024
  • Advisory employees · 20 to 23
    Nov 9, 2022 to Mar 30, 2023
  • Assets in custody · $71.4M to $78.5M
    Nov 9, 2022 to Mar 30, 2023
  • Employees · 23 to 27
    Nov 9, 2022 to Mar 30, 2023
  • State-registered IARs · 3 to 4
    Nov 9, 2022 to Mar 30, 2023
  • Discretionary RAUM · $1.9B to $2.1B
    Nov 9, 2022 to Mar 30, 2023
  • Pension RAUM · $508M to $596M
    Nov 9, 2022 to Mar 30, 2023
  • Pooled vehicle RAUM · $457M to $131M
    Nov 9, 2022 to Mar 30, 2023
  • RAUM · $1.9B to $2.1B
    Nov 9, 2022 to Mar 30, 2023
  • Employees · 24 to 23
    Mar 31, 2021 to Mar 31, 2022
  • Discretionary RAUM · $1.9B to $1.9B
    Mar 31, 2021 to Mar 31, 2022
  • Pension RAUM · $434M to $508M
    Mar 31, 2021 to Mar 31, 2022
Signals
4 dated events
  • C••• C•••••• D•••• (Managing Director Of Forest Management) appeared on Schedule A of T••••••••• I••••••••• R••••••••• L••
    Mar 28, 2024 · Control person joined · fact
  • Lester Steven Jack (Managing Director) no longer on Schedule A of T••••••••• I••••••••• R••••••••• L•• (listed 2021-03-31, absent 2022-03-31)
    Mar 31, 2022 · Control person left · inference
  • Joy Tiffanie Starr (Managing Director) appeared on Schedule A of T••••••••• I••••••••• R••••••••• L••
    Mar 28, 2019 · Control person joined · fact
  • Thomas Gary Allred (Managing Director) no longer on Schedule A of T••••••••• I••••••••• R••••••••• L•• (listed 2018-06-19, absent 2019-03-28)
    Mar 28, 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
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
404-848-2000reportedpublic record, Form ADV, Mar 27, 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
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$494Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026
Across the graphs

T••••••••• I••••••••• R••••••••• L•• 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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