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
L•• F••••• W••••• A•••••••• L•••
Latest filing Feb 9, 2026
First filing on the tape Mar 29, 2012 · 36 filings
SEC status approved since Jul 15, 2005
RAUM
$389M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
82%
$318M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$194M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$389M as of Feb 9, 2026
Mar 29, 2012$153M then
HNW client RAUM$315M as of Feb 9, 2026
Feb 1, 2018$202M then
State-registered IARs (5.B.3)2 as of Feb 9, 2026
Mar 29, 20120 then
Employees (5.A)2 as of Feb 9, 2026
Mar 13, 20135 then
Private funds2 as of Feb 9, 2026
Mar 13, 20137 then
RAUM +11% over the last fiscal year+8.9% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 9, 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
- 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)
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $194MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 39derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.7MderivedHNW RAUM over HNW clients
- Average account
- $4.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%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, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $389M, 94 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 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)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$315M81%
- Corporations and businesses$56.1M14%
- State and municipal entities$7.8M2.0%
- Charitable organizations$6.9M1.8%
- Individuals$3.0M0.8%
- Pooled investment vehicles$104,5170.0%
- Individual clients
- 11reported
- HNW clients
- 67reported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 94reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $389M for 94 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.82 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| F•••• C•••••••• V•••••• | Austin, Tx | Aug 1, 2005 | 30 y | 0 |
| W••••• C••• W••• | Austin, Tx | Dec 6, 2005 | 22 y | 0 |
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
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| L•• E••••• P•••••••• L•no longer reported | Private Equity Fund | $386,000 | 2 | Mar 13, 2013 |
| L••• I••••••••• P••••••• V• L•no longer reported | Private Equity Fund | $98,785 | 7 | Mar 13, 2013 |
| L••• I••••••••• P••••••• I• L• | Private Equity Fund | $34,537 | 6 | Mar 13, 2013 |
| L••• I••••••••• P••••••• I•• L•no longer reported | Private Equity Fund | $29,159 | 7 | Mar 13, 2013 |
| L••• I••••••••• P••••••• I••• L• | Private Equity Fund | $26,212 | 6 | Mar 13, 2013 |
| L••• I••••••••• P••••••• I•• L•no longer reported | Private Equity Fund | $9,710 | 7 | Mar 13, 2013 |
| T•• D•••••••• L•no longer reported | Private Equity Fund | $0 | 14 | Mar 13, 2013 |
Owners and control persons
Schedule A and B, latest filing
- J••••••• L•••• B••••• · Limited Partnercontrolsince 10/2003 · owns 50% to 75%
- T•••••• I••• J•••••••• · Limited Partnercontrolsince 10/2003 · owns 25% to 50%
- V••••••• F••••• C•••••••• · Limited Partner, Chief Investment Officer/ Chief Compliance Officer / Managing Directorcontrolsince 04/2021 · owns less than 5%
- W•••• W•••••• C••• · Limited Partner, Managing Directorcontrolsince 04/2021 · owns less than 5%
- J••••••• L•••• B••••• · Membercontrolsince 09/2003 · owns 50% to 75% of Lbj Asset Management Gp, LLC
- T•••••• I••• J•••••••• · Membercontrolsince 09/2003 · owns 25% to 50% of Lbj Asset Management Gp, LLC
Entity owners
- L•• A•••• M••••••••• G•••••• P•••••• L•• · G•••••• Partnerdirect · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| A•••••, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 89 to 94Sep 29, 2025 to Feb 9, 2026
- HNW clients · 63 to 67Sep 29, 2025 to Feb 9, 2026
- Individual clients · 10 to 11Sep 29, 2025 to Feb 9, 2026
- Assets in custody · $349M to $389MSep 29, 2025 to Feb 9, 2026
- Discretionary RAUM · $349M to $389MSep 29, 2025 to Feb 9, 2026
- HNW RAUM · $288M to $315MSep 29, 2025 to Feb 9, 2026
- Individual RAUM · $1.7M to $3.0MSep 29, 2025 to Feb 9, 2026
- Pooled vehicle RAUM · $185,018 to $104,517Sep 29, 2025 to Feb 9, 2026
- RAUM · $349M to $389MSep 29, 2025 to Feb 9, 2026
- Accounts · 90 to 89May 21, 2024 to Feb 26, 2025
- Corporate clients · 12 to 11May 21, 2024 to Feb 26, 2025
- Assets in custody · $319M to $349MMay 21, 2024 to Feb 26, 2025
- Financial planning clients · 51-100 to 51-100May 21, 2024 to Feb 26, 2025
- Discretionary RAUM · $319M to $349MMay 21, 2024 to Feb 26, 2025
- HNW RAUM · $262M to $288MMay 21, 2024 to Feb 26, 2025
- Individual RAUM · $2.2M to $1.7MMay 21, 2024 to Feb 26, 2025
- Pooled vehicle RAUM · $82,487 to $185,018May 21, 2024 to Feb 26, 2025
- RAUM · $319M to $349MMay 21, 2024 to Feb 26, 2025
- Corporate clients · 11 to 12Feb 15, 2023 to Feb 26, 2024
- HNW clients · 62 to 63Feb 15, 2023 to Feb 26, 2024
- Individual clients · 12 to 10Feb 15, 2023 to Feb 26, 2024
- Assets in custody · $301M to $319MFeb 15, 2023 to Feb 26, 2024
- Discretionary RAUM · $301M to $319MFeb 15, 2023 to Feb 26, 2024
- HNW RAUM · $248M to $262MFeb 15, 2023 to Feb 26, 2024
- Individual RAUM · $2.2M to $2.2MFeb 15, 2023 to Feb 26, 2024
- Pooled vehicle RAUM · $99,053 to $82,487Feb 15, 2023 to Feb 26, 2024
- RAUM · $301M to $319MFeb 15, 2023 to Feb 26, 2024
- HNW clients · 60 to 62Feb 8, 2022 to Feb 15, 2023
- Individual clients · 13 to 12Feb 8, 2022 to Feb 15, 2023
- Pooled vehicle clients · 3 to 2Feb 8, 2022 to Feb 15, 2023
- Assets in custody · $3.6B to $301MFeb 8, 2022 to Feb 15, 2023
- Private funds · 3 to 2Feb 8, 2022 to Feb 15, 2023
- Discretionary RAUM · $361M to $301MFeb 8, 2022 to Feb 15, 2023
- HNW RAUM · $301M to $248MFeb 8, 2022 to Feb 15, 2023
- Individual RAUM · $2.7M to $2.2MFeb 8, 2022 to Feb 15, 2023
- Pooled vehicle RAUM · $167,557 to $99,053Feb 8, 2022 to Feb 15, 2023
- RAUM · $361M to $301MFeb 8, 2022 to Feb 15, 2023
- Accounts · 77 to 90Apr 9, 2021 to Feb 4, 2022
- HNW clients · 38 to 60Apr 9, 2021 to Feb 4, 2022
- Individual clients · 19 to 13Apr 9, 2021 to Feb 4, 2022
Signals
1 dated events
- Austin John Welborn (Vice President / Cfo / Chief Compliance Officer) no longer on Schedule A of L•• F••••• W••••• A•••••••• L••• (listed 2019-06-17, absent 2019-06-18)Jun 18, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- L•• F••••• W••••• A•••••••• L••• · Family Officesshared crd · office
- L•• F••••• W••••• A•••••••• L••• · Independent Sponsorsshared crd · capital_provider
- L•• F••••• W••••• A•••••••• L••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 512-457-5000reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- w••.l•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 512-457-5000reportedpublic record, Form ADV, Feb 9, 2026
- Contact form
- l•••••••••.comreportedpublished by the firm, firm site, Sep 17, 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
- $194Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026