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
R• A•••••••• L••
Latest filing Mar 20, 2026
First filing on the tape Feb 14, 2012 · 27 filings
SEC status approved since Mar 30, 2012
RAUM
$497M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$248M
derived; firm RAUM over IAPD count
Employees
8
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
8
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$497M as of Mar 20, 2026
Mar 20, 2013$1.1B then
HNW client RAUM$10.3M as of Mar 22, 2019
Mar 27, 2018$12.8M then
State-registered IARs (5.B.3)0 as of Mar 20, 2026
Mar 20, 20130 then
Employees (5.A)8 as of Mar 20, 2026
Mar 20, 201310 then
Private funds8 as of Mar 20, 2026
Mar 20, 20136 then
RAUM -7.9% over the last fiscal year-14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 20, 2026; every figure names its basis
- RAUM per advisor
- $248MderivedRAUM 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
- $49.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 19%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -7.9%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 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 vehiclesreportedItem 5.G
- Custody
- $403M, 8 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
- 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)
- 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$403M81%
- Charitable organizations$93.8M19%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- 2reported
- Accounts
- 10reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $403M for 8 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.81 institutional_share=0.19 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 |
|---|---|---|---|---|
| R••••• J••••• R•••••• | Dallas, Tx | Sep 9, 2004 | 22 y | 1 |
| S••• M• M•••• | Dallas, Tx | Dec 8, 2008 | 24 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
14 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| R•• O•• • G•• M•••••••• F•••• L• | Hedge Fund | $212M | 2 | Mar 22, 2019 |
| R•• E••••• M•• S••• F•••• L• | Hedge Fund | $205M | 5 | Mar 23, 2016 |
| R•• E••••• M•• F•••• L• | Hedge Fund | $135M | 107 | Feb 14, 2012 |
| R•• V•••••••• L• • M• S••••• A• | Venture Capital Fund | $51.6M | 59 | Jun 14, 2019 |
| R•• V•••••••• L• • S• S••••• A• | Other Private Fund | $39.6M | 25 | Mar 28, 2022 |
| N••••••••• L• | Venture Capital Fund | $26.5M | 18 | Jun 14, 2019 |
| R•• V•••••••• L• • S• S••••• B• | Venture Capital Fund | $10.4M | 36 | Mar 28, 2023 |
| R•• E••••• O••••••••• F••• I••• L• | Private Equity Fund | $6.1M | 33 | Feb 14, 2012 |
| R•• V•••••••• L• • C•••• S••••• A• | Real Estate Fund | $4.4M | 22 | Mar 28, 2022 |
| R•• E••••• M•• F••• A• L•no longer reported | Hedge Fund | $4.3M | 25 | Feb 14, 2012 |
| R•• B•••• F•••• L•no longer reported | Hedge Fund | $1.2M | 18 | Dec 2, 2015 |
| R•• E••••• S•• F•••• L•no longer reported | Private Equity Fund | $881,089 | 68 | Feb 14, 2012 |
| R•• F•••••• C•••••••• F•••• L•no longer reported | Private Equity Fund | $429,104 | 17 | Feb 14, 2012 |
| R•• E••••• A•••• F•••• L•no longer reported | Hedge Fund | $307,113 | 10 | Feb 14, 2012 |
Owners and control persons
Schedule A and B, latest filing
- H•••••••• T••••• B••••• · Chief Financial Officer And Chief Operating Officercontrolsince 04/2015 · owns less than 5%
- H•••••• R•••••• B•••• · Presidentcontrolsince 05/2023 · owns less than 5%
- M•••••• T•••••• K•••••• · Chief Compliance Officercontrolsince 03/2015 · owns less than 5%
- R••••••• R•••••• J••••• · Sole Member And Chief Executive Officercontrolsince 02/2004 · owns 75% or more
Related persons
Schedule D 7.A
- N••••••••• L••pooled vehicle sponsorn
- R•• E••••• M•• F••• G•• L•pooled vehicle sponsory
- R•• E••••• O••••••••• F••• I•• G•• L•pooled vehicle sponsory
- R•• V••••••• G•• L•pooled vehicle sponsory
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dallas, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Mar 20, 2026institutional share of RAUM of 19% against a peer median of 0% (1567 comparable advisers, 98.0th percentile, 6.4 robust deviations)peers: asset managers, $100M to $500M (1,567) · 98% percentile
What changed
consecutive filings, newest first
- Accounts · 11 to 10Mar 24, 2025 to Mar 20, 2026
- Pooled vehicle clients · 9 to 8Mar 24, 2025 to Mar 20, 2026
- Assets in custody · $461M to $403MMar 24, 2025 to Mar 20, 2026
- Private funds · 9 to 8Mar 24, 2025 to Mar 20, 2026
- Discretionary RAUM · $539M to $497MMar 24, 2025 to Mar 20, 2026
- Pooled vehicle RAUM · $461M to $403MMar 24, 2025 to Mar 20, 2026
- RAUM · $539M to $497MMar 24, 2025 to Mar 20, 2026
- Assets in custody · $691M to $461MMar 23, 2024 to Mar 24, 2025
- Financial planning clients · unset to Mar 23, 2024 to Mar 24, 2025
- Discretionary RAUM · $755M to $539MMar 23, 2024 to Mar 24, 2025
- Pooled vehicle RAUM · $691M to $461MMar 23, 2024 to Mar 24, 2025
- RAUM · $755M to $539MMar 23, 2024 to Mar 24, 2025
- Related adviser · false to trueMar 23, 2024 to Mar 24, 2025
- Accounts · 13 to 11May 23, 2023 to Mar 23, 2024
- Advisory employees · 1 to 2May 23, 2023 to Mar 23, 2024
- Advisory activities · 3 to 2May 23, 2023 to Mar 23, 2024
- Corporate clients · 2.0 to unsetMay 23, 2023 to Mar 23, 2024
- Assets in custody · unset to 690571873.0May 23, 2023 to Mar 23, 2024
- Custody of client assets · false to trueMay 23, 2023 to Mar 23, 2024
- Employees · 9 to 8May 23, 2023 to Mar 23, 2024
- Other offices · 1 to 0May 23, 2023 to Mar 23, 2024
- Discretionary RAUM · $768M to $755MMay 23, 2023 to Mar 23, 2024
- Pooled vehicle RAUM · $664M to $691MMay 23, 2023 to Mar 23, 2024
- RAUM · $768M to $755MMay 23, 2023 to Mar 23, 2024
- Accounts · 12 to 13Oct 17, 2022 to Mar 28, 2023
- Advisory employees · 2 to 1Oct 17, 2022 to Mar 28, 2023
- Pooled vehicle clients · 8 to 9Oct 17, 2022 to Mar 28, 2023
- Employees · 7 to 9Oct 17, 2022 to Mar 28, 2023
- Private funds · 8 to 9Oct 17, 2022 to Mar 28, 2023
- Discretionary RAUM · $626M to $768MOct 17, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $542M to $664MOct 17, 2022 to Mar 28, 2023
- RAUM · $626M to $768MOct 17, 2022 to Mar 28, 2023
- Accounts · 11 to 12Mar 22, 2021 to Mar 28, 2022
- Corporate clients · 3 to 2Mar 22, 2021 to Mar 28, 2022
- Pooled vehicle clients · 6 to 8Mar 22, 2021 to Mar 28, 2022
- Private funds · 6 to 8Mar 22, 2021 to Mar 28, 2022
- Discretionary RAUM · $397M to $626MMar 22, 2021 to Mar 28, 2022
- Pooled vehicle RAUM · $343M to $542MMar 22, 2021 to Mar 28, 2022
- RAUM · $397M to $626MMar 22, 2021 to Mar 28, 2022
- Accounts · 15 to 11Jun 5, 2020 to Mar 22, 2021
Signals
8 dated events
- R• A•••••••• L•• reported RAUM $539.4M, down 29% from $755.0M (2024-03-23 to 2025-03-24)Mar 24, 2025 · RAUM change · derived
- David Barry Libert (Operating Partner) no longer on Schedule A of R• A•••••••• L•• (listed 2023-05-23, absent 2024-03-23)Mar 23, 2024 · Control person left · inference
- Jamshid Sharam Honari (Chief Marketing Officer) no longer on Schedule A of R• A•••••••• L•• (listed 2023-05-23, absent 2024-03-23)Mar 23, 2024 · Control person left · inference
- Bryan Robert Horton (President) appeared on Schedule A of R• A•••••••• L••May 23, 2023 · Control person joined · fact
- David Barry Libert (Operating Partner) appeared on Schedule A of R• A•••••••• L••May 23, 2023 · Control person joined · fact
- Jamshid Sharam Honari (Chief Marketing Officer) appeared on Schedule A of R• A•••••••• L••May 23, 2023 · Control person joined · fact
- R• A•••••••• L•• reported RAUM $626.5M, up 58% from $397.3M (2021-03-22 to 2022-03-28)Mar 28, 2022 · RAUM change · derived
- R• A•••••••• L•• reported RAUM $397.3M, down 52% from $828.9M (2020-06-05 to 2021-03-22)Mar 22, 2021 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- R• A•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- R• A•••••••• L•• · Private Equityshared crd · organization
- R• A•••••••• L•• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/rchnergyreportedpublic record, Form ADV, Sep 18, 2026
- Website
- rchenergy.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 214-871-8680reportedpublic record, Form ADV, Mar 20, 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
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $248Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
R• A•••••••• 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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