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

A•• A•••• M••••••••• L•••••

Institutional managerAustin, TexasCRD 131544SEC 801-63166websiteIAPD
Latest filing Mar 3, 2026
First filing on the tape Mar 14, 2012 · 26 filings
SEC status approved since May 18, 2004
RAUM
$4.1B
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
$2.0B
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$4.1B as of Mar 3, 2026
Mar 14, 2012$1.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 3, 2026
Mar 14, 20120 then
Employees (5.A)4 as of Mar 3, 2026
Mar 1, 20133 then
Private funds: no history
RAUM +18% over the last fiscal year+7.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 3, 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
$2.0BderivedRAUM 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
$313MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+18%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 assetsreportedItem 5.E
Advisory activities
portfolio management for businesses and institutionsreportedItem 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
  • Insurance companies$4.1B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
13reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• L•• W••••Austin, TxMay 17, 200433 y0
J••• L•••• W••••Austin, TxMay 18, 200440 y0
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • W••••• B••••• L•• · Chief Compliance Officer/Managing Directorcontrol
        since 03/2004 · owns 50% to 75%
      • W••••• J•••• L•••• · Managing Directorcontrol
        since 03/2004 · owns 50% to 75%
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Austin, Tx · principal200
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 11 to 13
        Mar 10, 2025 to Mar 3, 2026
      • Discretionary RAUM · $3.4B to $4.1B
        Mar 10, 2025 to Mar 3, 2026
      • RAUM · $3.4B to $4.1B
        Mar 10, 2025 to Mar 3, 2026
      • Financial planning clients · 0 to 0
        Feb 29, 2024 to Mar 10, 2025
      • Discretionary RAUM · $3.4B to $3.4B
        Feb 29, 2024 to Mar 10, 2025
      • RAUM · $3.4B to $3.4B
        Feb 29, 2024 to Mar 10, 2025
      • Discretionary RAUM · $3.3B to $3.4B
        Feb 17, 2023 to Feb 29, 2024
      • RAUM · $3.3B to $3.4B
        Feb 17, 2023 to Feb 29, 2024
      • Advisory employees · 2 to 3
        Mar 14, 2022 to Feb 17, 2023
      • Employees · 5 to 4
        Mar 14, 2022 to Feb 17, 2023
      • Discretionary RAUM · $3.7B to $3.3B
        Mar 14, 2022 to Feb 17, 2023
      • RAUM · $3.7B to $3.3B
        Mar 14, 2022 to Feb 17, 2023
      • Accounts · 12 to 11
        Mar 8, 2021 to Mar 14, 2022
      • Discretionary RAUM · $2.9B to $3.7B
        Mar 8, 2021 to Mar 14, 2022
      • RAUM · $2.9B to $3.7B
        Mar 8, 2021 to Mar 14, 2022
      • Accounts · 10 to 12
        Feb 19, 2020 to Mar 5, 2021
      • Discretionary RAUM · $2.7B to $2.9B
        Feb 19, 2020 to Mar 5, 2021
      • RAUM · $2.7B to $2.9B
        Feb 19, 2020 to Mar 5, 2021
      • Discretionary RAUM · $2.3B to $2.7B
        Mar 11, 2019 to Feb 19, 2020
      • RAUM · $2.3B to $2.7B
        Mar 11, 2019 to Feb 19, 2020
      • Discretionary RAUM · $2.4B to $2.3B
        Jan 2, 2018 to Mar 11, 2019
      • RAUM · $2.4B to $2.3B
        Jan 2, 2018 to Mar 11, 2019
      • Accounts · 9 to 10
        Sep 22, 2017 to Jan 2, 2018
      • Charity clients · unset to 0.0
        Sep 22, 2017 to Jan 2, 2018
      • Corporate clients · unset to 0.0
        Sep 22, 2017 to Jan 2, 2018
      • HNW clients · unset to 0.0
        Sep 22, 2017 to Jan 2, 2018
      • Individual clients · unset to 0.0
        Sep 22, 2017 to Jan 2, 2018
      • Pension plan clients · unset to 0.0
        Sep 22, 2017 to Jan 2, 2018
      • Pooled vehicle clients · unset to 0.0
        Sep 22, 2017 to Jan 2, 2018
      • Other offices · unset to 0.0
        Sep 22, 2017 to Jan 2, 2018
      • Discretionary RAUM · $2.3B to $2.4B
        Sep 22, 2017 to Jan 2, 2018
      • RAUM · $2.3B to $2.4B
        Sep 22, 2017 to Jan 2, 2018
      • Discretionary RAUM · $2.2B to $2.3B
        Feb 2, 2017 to Sep 22, 2017
      • RAUM · $2.2B to $2.3B
        Feb 2, 2017 to Sep 22, 2017
      • Employees · 3 to 5
        Aug 29, 2016 to Feb 2, 2017
      • Discretionary RAUM · $2.3B to $2.2B
        Aug 29, 2016 to Feb 2, 2017
      • RAUM · $2.3B to $2.2B
        Aug 29, 2016 to Feb 2, 2017
      • Accounts · 8 to 9
        Mar 11, 2016 to Aug 29, 2016
      • Discretionary RAUM · $2.0B to $2.3B
        Mar 11, 2016 to Aug 29, 2016
      • RAUM · $2.0B to $2.3B
        Mar 11, 2016 to Aug 29, 2016
      Signals
      1 dated events
      • A•• A•••• M••••••••• L••••• reported RAUM $3.7B, up 27% from $2.9B (2021-03-08 to 2022-03-14)
        Mar 14, 2022 · 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
      Firm profile
      LINKEDIN.COM/COMPANY/4848890reportedpublic record, Form ADV, Sep 19, 2026
      Website
      AQSLLC.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      (512) 314-0720reportedpublic record, Form ADV, Mar 3, 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
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      $2.0Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026