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

U••• A•••• M••••••••• L••

Asset manager (funds and pooled vehicles)Houston, TexasCRD 137045SEC 801-64873websiteIAPD
Latest filing Apr 24, 2026
First filing on the tape Dec 7, 2011 · 46 filings
SEC status approved since Nov 18, 2005
RAUM
$132M
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
$33.0M
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
24
reported on Schedule D
History
46 filings and snapshots on the tape
RAUM$132M as of Apr 24, 2026
Mar 30, 2012$332M then
HNW client RAUM: no history
State-registered IARs (5.B.3)5 as of Apr 24, 2026
Mar 28, 20138 then
Employees (5.A)6 as of Apr 24, 2026
Mar 28, 201310 then
Private funds24 as of Apr 24, 2026
Mar 30, 20123 then
RAUM -24% over the last fiscal year-20% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Apr 24, 2026; every figure names its basis
RAUM per advisor
$33.0MderivedRAUM 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
$5.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-24%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 pooled vehiclesreportedItem 5.G
Custody
$132M, 24 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)
  • 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
  • Pooled investment vehicles$132M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
24reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$132M for 24 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=5.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
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 headcount3 left over 36 months
Left, latest
Joined, latest
Private funds
26 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
H•• A••••••••• F•••• L•••Hedge Fund$71.7M82Jul 2, 2022
U••• A••••••• R••••• S••••••••• L•••Hedge Fund$23.2M15Mar 30, 2012
E••••• A•••• P•••••••• L•••no longer reportedHedge Fund$11.2M26Mar 30, 2012
U••• E••••• O••••••••• F•••• L•••no longer reportedHedge Fund$10.8M10Mar 30, 2012
U••• V••••• G••••• F••• S••••••••• P••••••••Venture Capital Fund$9.6M73Mar 28, 2022
U••• T•••• G••••• F••• S••••••••• P••••••••Venture Capital Fund$7.2M78Mar 28, 2022
U••• C••••• P•••••• G••••• E••••• F••• S••••••••• P••••••••Venture Capital Fund$6.1M73Mar 28, 2022
U••• B•••• C•••••• F••• S••••••••• P••••••••Venture Capital Fund$4.1M56Mar 28, 2022
U••• F••• L••• F•••• F••• I•• S••••••••• P••••••••Venture Capital Fund$4.0M11Mar 26, 2024
U••• S••••• V•••••• P••••••• I•• L• F••• S••••••••• P••••••••Venture Capital Fund$3.6M73Mar 28, 2022
U••• A••••• I••••••••• F••• S••••••••• P••••••••Venture Capital Fund$3.5M66Mar 28, 2022
U••• F••• L••• A••••••• F•••• L• S••••••••• P••••••••Venture Capital Fund$2.7M65Mar 28, 2022
U••• M•• C•••••• I•• L• F••• S••••••••• P••••••••Venture Capital Fund$2.6M59Mar 28, 2022
U••• P•••• M••••• F••• S••••••••• P••••••••Venture Capital Fund$2.1M71Mar 28, 2022
U••• F•••••• C••••••••• O••••••••• F••• S••••••••• P••••••••Venture Capital Fund$1.8M18Mar 28, 2022
U••• O••••••• S••••••••• P••••••••Venture Capital Fund$1.6M18Mar 28, 2022
U••• C••• C•••••• S••••••••• P••••••••Venture Capital Fund$1.3M20Mar 28, 2022
U••• C••••••• C•••••• I•• S••••••••• P••••••••Venture Capital Fund$1.2M18Mar 28, 2022
U••• T••••••• F••• I• S••••••••• P••••••••Venture Capital Fund$1.2M68Mar 28, 2022
U••• B•••• V••••••• F••• I• L• S••••••••• P••••••••Venture Capital Fund$1.1M55Mar 27, 2023
U••• B•••••• C•••••• F••• I• S••••••••• P••••••••Venture Capital Fund$1.1M18Mar 28, 2022
U••• C••••••••• V•••••• P••••••• X•• S••••••••• P••••••••Venture Capital Fund$1.1M67Mar 28, 2022
U••• E•••••••• F••• I• S••••••••• P••••••••Venture Capital Fund$970,87155Mar 27, 2023
U••• C••••••••• V•••••• D••••• O••••••••• F••• S••••••••• P••••••••Venture Capital Fund$957,55167Mar 28, 2022
U••• P•••• M••••• F••• I•• S••••••••• P••••••••Venture Capital Fund$689,20127Mar 27, 2023
U••• C••••••• C•••••• I• S••••••••• P••••••••Venture Capital Fund$580,84114Mar 27, 2023
Owners and control persons
Schedule A and B, latest filing
  • D••••••••• K••••• L••••• · Chief Financial Officercontrol
    since 10/2022 · owns less than 5%
  • G••••••• W•••••• A••• · Ccocontrol
    since 06/2021 · owns less than 5%
  • K•••• D••••• M•••••• · Managing Partnercontrol
    since 10/2013 · owns less than 5%
  • M••••••••• P••••••• M•••••• · Managing Partnercontrol
    since 10/2013 · owns less than 5%
Entity owners
  • U••• L•• · Sole Managing Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • U••• C•••••• W••••• A•••••••• L••
    investment advisernRAUM $8.8B
  • U••• B••••• M•••••••• M••••••••• L••
    pooled vehicle sponsorn
  • U••• B•••• G• L••
    pooled vehicle sponsorn
  • U••• C• F••• I• G• L••
    pooled vehicle sponsorn
  • U••• F•••• C••••• P••••••• F••• G• L••
    pooled vehicle sponsorn
  • U••• I•••••••• A••••• L••
    real estaten
  • U••• L••• C••••••••• G• L••
    pooled vehicle sponsorn
  • U••• L••• C••••••••• I• G• L••
    pooled vehicle sponsorn
  • U••• M•••••••• A••••••• L••
    n
  • U••• R•••••••• F••• G• L••
    pooled vehicle sponsorn
  • U••• R••• E••••• V••••••• G• I• L••
    pooled vehicle sponsorn
  • U••• R••••••• M••••••• C••••••••• I• G• L••
    pooled vehicle sponsorn
  • U••• S••••••••• L••
    broker-dealern
  • U••• S•••• G•• G• L••
    pooled vehicle sponsorn
  • U••• T•••••••• M•••••••• G• L••
    pooled vehicle sponsorn
  • U••• T•••••••• M•••••••• I•• G•• L••
    pooled vehicle sponsorn
Advisers that list U••• A•••• M••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Houston, Tx · principal400
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • many p•••••• funds relative to firm sizeStatic outlier · filing Apr 24, 2026
    private funds per $1B of RAUM of 181.6 against a peer median of 20.7 (712 comparable advisers, 99.0th percentile, 12.3 robust deviations)
    peers: asset managers, $100M to $500M (712) · 99% percentile
What changed
consecutive filings, newest first
  • Accounts · 25 to 24
    Mar 27, 2025 to Mar 30, 2026
  • Advisory activities · 2 to 1
    Mar 27, 2025 to Mar 30, 2026
  • Assets in custody · $141M to $132M
    Mar 27, 2025 to Mar 30, 2026
  • Discretionary RAUM · $174M to $132M
    Mar 27, 2025 to Mar 30, 2026
  • Pooled vehicle RAUM · $145M to $132M
    Mar 27, 2025 to Mar 30, 2026
  • RAUM · $174M to $132M
    Mar 27, 2025 to Mar 30, 2026
  • Accounts · 26 to 25
    Nov 21, 2024 to Mar 27, 2025
  • Pooled vehicle clients · 25 to 24
    Nov 21, 2024 to Mar 27, 2025
  • Assets in custody · $149M to $141M
    Nov 21, 2024 to Mar 27, 2025
  • Financial planning clients · 0 to 0
    Nov 21, 2024 to Mar 27, 2025
  • Discretionary RAUM · $205M to $174M
    Nov 21, 2024 to Mar 27, 2025
  • Pooled vehicle RAUM · $164M to $145M
    Nov 21, 2024 to Mar 27, 2025
  • RAUM · $205M to $174M
    Nov 21, 2024 to Mar 27, 2025
  • Discretionary RAUM · $233M to $205M
    Oct 24, 2024 to Nov 21, 2024
  • Pooled vehicle RAUM · $154M to $164M
    Oct 24, 2024 to Nov 21, 2024
  • RAUM · $233M to $205M
    Oct 24, 2024 to Nov 21, 2024
  • Accounts · 25 to 26
    Dec 21, 2023 to Mar 26, 2024
  • Advisory employees · 8 to 5
    Dec 21, 2023 to Mar 26, 2024
  • BD registered reps · 8 to 5
    Dec 21, 2023 to Mar 26, 2024
  • Pooled vehicle clients · 23 to 25
    Dec 21, 2023 to Mar 26, 2024
  • Employees · 9 to 6
    Dec 21, 2023 to Mar 26, 2024
  • Insurance-licensed employees · 8 to 5
    Dec 21, 2023 to Mar 26, 2024
  • State-registered IARs · 8 to 5
    Dec 21, 2023 to Mar 26, 2024
  • Private funds · 23 to 24
    Dec 21, 2023 to Mar 26, 2024
  • Discretionary RAUM · $258M to $233M
    Dec 21, 2023 to Mar 26, 2024
  • Pooled vehicle RAUM · $149M to $154M
    Dec 21, 2023 to Mar 26, 2024
  • RAUM · $258M to $233M
    Dec 21, 2023 to Mar 26, 2024
  • Accounts · 20 to 25
    Feb 22, 2023 to Mar 27, 2023
  • Advisory employees · 6 to 8
    Feb 22, 2023 to Mar 27, 2023
  • BD registered reps · 6 to 8
    Feb 22, 2023 to Mar 27, 2023
  • Pooled vehicle clients · 18 to 23
    Feb 22, 2023 to Mar 27, 2023
  • Assets in custody · $64.4M to $149M
    Feb 22, 2023 to Mar 27, 2023
  • Employees · 7 to 9
    Feb 22, 2023 to Mar 27, 2023
  • Insurance-licensed employees · 6 to 8
    Feb 22, 2023 to Mar 27, 2023
  • State-registered IARs · 6 to 8
    Feb 22, 2023 to Mar 27, 2023
  • Private funds · 19 to 23
    Feb 22, 2023 to Mar 27, 2023
  • Discretionary RAUM · $179M to $258M
    Feb 22, 2023 to Mar 27, 2023
  • Pooled vehicle RAUM · $64.4M to $149M
    Feb 22, 2023 to Mar 27, 2023
  • RAUM · $179M to $258M
    Feb 22, 2023 to Mar 27, 2023
  • Private funds · 18 to 19
    May 24, 2022 to Jul 2, 2022
Signals
10 dated events
  • 2 advisors left U••• C•••••• W••••• A•••••••• L•• (Austin, TX) for U••• A•••• M••••••••• L•• on the same day
    Jul 21, 2026 · Team lift-out · derived
  • D•••• K•••• R•••••• left U••• A•••• M••••••••• L•• for U••• C•••••• W••••• A•••••••• L•• (registered 2021-06-30)
    Mar 13, 2024 · Advisor changed firm · fact
  • K•••• A••••• R•••••• left U••• A•••• M••••••••• L•• for U••• C•••••• W••••• A•••••••• L•• (registered 2021-06-30)
    Mar 13, 2024 · Advisor changed firm · fact
  • 2 advisors left U••• A•••• M••••••••• L•• (Houston, TX) for U••• C•••••• W••••• A•••••••• L•• on the same day
    Mar 13, 2024 · Team lift-out · derived
  • D•••• M•••••• H••••• left U••• A•••• M••••••••• L•• for U••• C•••••• W••••• A•••••••• L•• (registered 2021-06-30)
    Oct 5, 2023 · Advisor changed firm · fact
  • Lizann Kasey Dejonckheere (Chief Financial Officer) appeared on Schedule A of U••• A•••• M••••••••• L••
    Nov 1, 2022 · Control person joined · fact
  • Alan Walter Gilmore (Cco) appeared on Schedule A of U••• A•••• M••••••••• L••
    Jun 22, 2021 · Control person joined · fact
  • Howell Steve Gott (Chief Compliance Officer) no longer on Schedule A of U••• A•••• M••••••••• L•• (listed 2021-05-25, absent 2021-06-22)
    Jun 22, 2021 · Control person left · inference
  • Howell Steve Gott (Chief Compliance Officer) appeared on Schedule A of U••• A•••• M••••••••• L••
    May 25, 2021 · Control person joined · fact
  • Courtney Elizabeth Bowling (Cco - Managing Director Compliance/Legal) no longer on Schedule A of U••• A•••• M••••••••• L•• (listed 2021-02-03, absent 2021-05-25)
    May 25, 2021 · Control person left · inference
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Website
H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
713-366-0500reportedpublic record, Form ADV, Apr 24, 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
$33.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026