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.
SEC-registered adviser
Ifrah Financial Services, Inc.
Latest filing Feb 3, 2026
First filing on the tape Mar 2, 2012 · 34 filings
SEC status approved since Nov 29, 2005
RAUM
$489M
reported, Item 5.F
Discretionary
90%
of RAUM
Private clients
90%
$442M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$54.3M
derived; firm RAUM over IAPD count
Employees
14
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$489M as of Feb 3, 2026
Mar 2, 2012$254M then
HNW client RAUM$334M as of Feb 3, 2026
Feb 1, 2018$163M then
State-registered IARs (5.B.3)9 as of Feb 3, 2026
Mar 2, 20120 then
Employees (5.A)14 as of Feb 3, 2026
Mar 12, 201316 then
Private funds: no history
RAUM +9.4% over the last fiscal year+9.0% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Feb 3, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $54.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 62derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $341,547derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 90%derivedof RAUM
- Institutional
- 9.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.6derivedItem 5.A over advisors
- Advisors per office
- 3.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +9.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -1.4%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisers, publicationsreportedItem 5.G
- Financial planning clients
- 1,000reportedItem 5.H
- Custody
- $114M, 137 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$334M68%
- Individuals$108M22%
- Pension and profit-sharing plans$44.5M9.1%
- Corporations and businesses$2.4M0.5%
- Individual clients
- 406reported
- HNW clients
- 149reported
- Pension plan clients
- 38reported
- Charitable clients
- n/areported
- Accounts
- 1,432reported
- Financial planning clients
- 1,000reported
- Wrap fee programs
- noreported
- Custody of client assets
- $114M for 137 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.9 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Micah Harley BrownCertified Financial Planner | Little Rock, Ar | Jan 27, 2006 | 31 y | 1 |
| Stephen Henry DesalvoCertified Financial Planner | Little Rock, Ar | Jan 27, 2006 | 40 y | 1 |
| Patrick (Aka Patrice) Ifrah | Little Rock, Ar | Jan 27, 2006 | 34 y | 1 |
| Robert Elbert HarrisCertified Financial Planner | Little Rock, Ar | Jan 27, 2006 | 32 y | 1 |
| James Charles Erwin | Little Rock, Ar | Feb 1, 2006 | 32 y | 1 |
| John Kevin KellyCertified Financial Planner | Little Rock, Ar | Feb 1, 2006 | 37 y | 1 |
| Douglas Jackson SpencerCertified Financial Planner | Little Rock, Ar | Feb 1, 2006 | 41 y | 1 |
| Francis Matthew KellyCertified Financial Planner | Little Rock, Ar | Feb 1, 2006 | 37 y | 1 |
| Kyle Anthony PittsCertified Financial Planner | Little Rock, Ar | Feb 1, 2006 | 33 y | 1 |
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
- Ryan Michael Fuchs to Lockton Investment Advisors, LLCApr 2, 2019 · Other
- Hatim Smouni to Merrill Lynch, Pierce, Fenner & Smith IncorporatedJul 31, 2006 · Other
Joined, latest
- John Kevin Kelly from Hutchinson Financial, Inc.Feb 1, 2006 · Other
- Douglas Jackson Spencer from Hutchinson Financial, Inc.Feb 1, 2006 · Other
- Kyle Anthony Pitts from Hutchinson Financial, Inc.Feb 1, 2006 · Other
- James Charles Erwin from Hutchinson Financial, Inc.Feb 1, 2006 · Other
- Francis Matthew Kelly from Hutchinson Financial, Inc.Feb 1, 2006 · Other
- Patrick (Aka Patrice) Ifrah from Hutchinson Financial, Inc.Jan 27, 2006 · Other
- Stephen Henry Desalvo from Hutchinson Financial, Inc.Jan 27, 2006 · Other
- Robert Elbert Harris from Hutchinson Financial, Inc.Jan 27, 2006 · Other
- Micah Harley Brown from Hutchinson Financial, Inc.Jan 27, 2006 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Harley Micah Brown · Principal And Ownercontrolsince 11/2005 · owns 25% to 50%
- Henry Stephen Desalvo · Principal And Ownercontrolsince 11/2005 · owns 25% to 50%
- Elbert Robert Harris · Principal And Ownercontrolsince 11/2005 · owns 10% to 25%
- Patrick (Aka Patrice) Ifrah · President/Chief Compliance Officercontrolsince 11/2005 · owns 25% to 50%
Related persons
Schedule D 7.A
- Douglas Jackson Spencerinsurancen
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Little Rock, Ar · principal | 9 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Hot Springs, AR1 employees
- Texarkana, AR1 employees
What changed
consecutive filings, newest first
- Accounts · 1,437 to 1,432Dec 16, 2025 to Feb 3, 2026
- HNW clients · 135 to 149Dec 16, 2025 to Feb 3, 2026
- Individual clients · 428 to 406Dec 16, 2025 to Feb 3, 2026
- Assets in custody · $88.8M to $114MDec 16, 2025 to Feb 3, 2026
- Discretionary RAUM · $391M to $442MDec 16, 2025 to Feb 3, 2026
- HNW RAUM · $294M to $334MDec 16, 2025 to Feb 3, 2026
- Individual RAUM · $111M to $108MDec 16, 2025 to Feb 3, 2026
- Non-discretionary RAUM · $56.4M to $47.1MDec 16, 2025 to Feb 3, 2026
- Pension RAUM · $39.8M to $44.5MDec 16, 2025 to Feb 3, 2026
- RAUM · $447M to $489MDec 16, 2025 to Feb 3, 2026
- Financial planning clients · More than 500 to More than 500Mar 3, 2025 to Apr 2, 2025
- Accounts · 604 to 1,437Mar 6, 2024 to Mar 3, 2025
- Corporate clients · 6 to 5Mar 6, 2024 to Mar 3, 2025
- HNW clients · 123 to 135Mar 6, 2024 to Mar 3, 2025
- Individual clients · 445 to 428Mar 6, 2024 to Mar 3, 2025
- Pension plan clients · 30 to 38Mar 6, 2024 to Mar 3, 2025
- Assets in custody · unset to 88794115.0Mar 6, 2024 to Mar 3, 2025
- Custody of client assets · false to trueMar 6, 2024 to Mar 3, 2025
- Employees · 13 to 14Mar 6, 2024 to Mar 3, 2025
- Discretionary RAUM · $361M to $391MMar 6, 2024 to Mar 3, 2025
- HNW RAUM · $256M to $294MMar 6, 2024 to Mar 3, 2025
- Individual RAUM · $118M to $111MMar 6, 2024 to Mar 3, 2025
- Non-discretionary RAUM · $43.0M to $56.4MMar 6, 2024 to Mar 3, 2025
- Pension RAUM · $27.6M to $39.8MMar 6, 2024 to Mar 3, 2025
- RAUM · $404M to $447MMar 6, 2024 to Mar 3, 2025
- Accounts · 620 to 604Feb 6, 2023 to Mar 6, 2024
- Corporate clients · 7 to 6Feb 6, 2023 to Mar 6, 2024
- HNW clients · 130 to 123Feb 6, 2023 to Mar 6, 2024
- Individual clients · 450 to 445Feb 6, 2023 to Mar 6, 2024
- Pension plan clients · 33 to 30Feb 6, 2023 to Mar 6, 2024
- Employees · 14 to 13Feb 6, 2023 to Mar 6, 2024
- Discretionary RAUM · $378M to $361MFeb 6, 2023 to Mar 6, 2024
- HNW RAUM · $255M to $256MFeb 6, 2023 to Mar 6, 2024
- Individual RAUM · $92.6M to $118MFeb 6, 2023 to Mar 6, 2024
- Non-discretionary RAUM · $0 to $43.0MFeb 6, 2023 to Mar 6, 2024
- Pension RAUM · $28.3M to $27.6MFeb 6, 2023 to Mar 6, 2024
- RAUM · $378M to $404MFeb 6, 2023 to Mar 6, 2024
- Accounts · 623 to 620Sep 27, 2022 to Feb 6, 2023
- Corporate clients · 5 to 7Sep 27, 2022 to Feb 6, 2023
- HNW clients · 137 to 130Sep 27, 2022 to Feb 6, 2023
Signals
No event on the tape.
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
- IFRAHFINANCIAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 501-821-7733reportedpublic record, Form ADV, Feb 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $54.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026