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•••••••• W••••• P•••••••

Independent wealth managerHouston, TexasCRD 138612SEC 801-65283websiteIAPD
Legal name Y••• A••••••••• L•••• L••
Latest filing Mar 23, 2026
First filing on the tape Mar 29, 2012 · 24 filings
SEC status approved since Feb 1, 2006
RAUM
$448M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$448M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$112M
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$448M as of Mar 23, 2026
Mar 29, 2012$102M then
HNW client RAUM$421M as of Mar 23, 2026
Mar 29, 2018$216M then
State-registered IARs (5.B.3)3 as of Mar 23, 2026
Mar 28, 20130 then
Employees (5.A)6 as of Mar 23, 2026
Mar 28, 20136 then
Private funds1 as of Mar 25, 2022
Mar 27, 20151 then
RAUM +20% over the last fiscal year+10% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 23, 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
RAUM per advisor
$112MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
48derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.1MderivedHNW RAUM over HNW clients
Average account
$407,022derivedRAUM 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
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+10%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Custody
$55.1M, 68 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
  • is an insurance broker or agent (6.A.6)
  • 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$421M94%
  • Individuals$27.1M6.0%
Individual clients
59reported
HNW clients
134reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,101reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$55.1M for 68 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K••• L•••• B••Certified Financial PlannerHouston, TxFeb 2, 200624 y1
C•••••• E••••• C•••••••Certified Financial Planner, Chartered Financial ConsultantHouston, TxMay 18, 201229 y1
S••••• C•••••• B••••Houston, TxJul 14, 202327 y1
C••••• J•••• C•••••••Houston, TxApr 18, 202511 y1
Advisor movement
0 left, 0 joined in 12 months
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
S•••• H••••••• L•no longer reportedPrivate Equity Fund$1.3M39Mar 27, 2015
Owners and control persons
Schedule A and B, latest filing
  • B••••• A••• R•••• · Chief Compliance Officercontrol
    since 03/2017 · owns less than 5%
  • B••• K•••• L•••• · Principalcontrol
    since 10/2005 · owns 25% to 50%
  • C•••••••• C••••••• E••••• · Principalcontrol
    since 05/2012 · owns 25% to 50%
  • B••• K•••• L•••• · Principalcontrol
    since 03/2016 · owns 25% to 50% of Y••• A••••••••, Inc.
  • C•••••••• C••••••• E••••• · Principalcontrol
    since 03/2016 · owns 25% to 50% of Y••• A••••••••, Inc.
Entity owners
  • Y••• A•••••••• M••••••••• I••• · General Partner
    direct · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
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.
What changed
consecutive filings, newest first
  • Accounts · 1,109 to 1,101
    Feb 4, 2025 to Mar 23, 2026
  • HNW clients · 121 to 134
    Feb 4, 2025 to Mar 23, 2026
  • Individual clients · 54 to 59
    Feb 4, 2025 to Mar 23, 2026
  • Assets in custody · $43.8M to $55.1M
    Feb 4, 2025 to Mar 23, 2026
  • Discretionary RAUM · $375M to $448M
    Feb 4, 2025 to Mar 23, 2026
  • HNW RAUM · $350M to $421M
    Feb 4, 2025 to Mar 23, 2026
  • Individual RAUM · $24.7M to $27.1M
    Feb 4, 2025 to Mar 23, 2026
  • RAUM · $375M to $448M
    Feb 4, 2025 to Mar 23, 2026
  • Accounts · 1,025 to 1,109
    Mar 26, 2024 to Feb 4, 2025
  • Business name · T•• A•••••••• to A•••••••• W••••• P•••••••
    Mar 26, 2024 to Feb 4, 2025
  • HNW clients · 123 to 121
    Mar 26, 2024 to Feb 4, 2025
  • Individual clients · 53 to 54
    Mar 26, 2024 to Feb 4, 2025
  • Assets in custody · $44.8M to $43.8M
    Mar 26, 2024 to Feb 4, 2025
  • Financial planning clients · 101-250 to 101-250
    Mar 26, 2024 to Feb 4, 2025
  • Discretionary RAUM · $362M to $375M
    Mar 26, 2024 to Feb 4, 2025
  • HNW RAUM · $336M to $350M
    Mar 26, 2024 to Feb 4, 2025
  • Individual RAUM · $25.7M to $24.7M
    Mar 26, 2024 to Feb 4, 2025
  • RAUM · $362M to $375M
    Mar 26, 2024 to Feb 4, 2025
  • Accounts · 1,043 to 1,025
    Jan 5, 2024 to Mar 26, 2024
  • Individual clients · 59 to 53
    Jan 5, 2024 to Mar 26, 2024
  • Assets in custody · $44.1M to $44.8M
    Jan 5, 2024 to Mar 26, 2024
  • Employees · 8 to 6
    Jan 5, 2024 to Mar 26, 2024
  • Discretionary RAUM · $359M to $362M
    Jan 5, 2024 to Mar 26, 2024
  • HNW RAUM · $332M to $336M
    Jan 5, 2024 to Mar 26, 2024
  • Individual RAUM · $27.1M to $25.7M
    Jan 5, 2024 to Mar 26, 2024
  • RAUM · $359M to $362M
    Jan 5, 2024 to Mar 26, 2024
  • Accounts · 1,027 to 1,043
    Mar 16, 2023 to Jan 5, 2024
  • Advisory employees · 4 to 3
    Mar 16, 2023 to Jan 5, 2024
  • Advisory activities · 3 to 2
    Mar 16, 2023 to Jan 5, 2024
  • HNW clients · 117 to 123
    Mar 16, 2023 to Jan 5, 2024
  • Assets in custody · $40.2M to $44.1M
    Mar 16, 2023 to Jan 5, 2024
  • State-registered IARs · 4 to 3
    Mar 16, 2023 to Jan 5, 2024
  • Discretionary RAUM · $334M to $359M
    Mar 16, 2023 to Jan 5, 2024
  • HNW RAUM · $307M to $332M
    Mar 16, 2023 to Jan 5, 2024
  • Individual RAUM · $26.8M to $27.1M
    Mar 16, 2023 to Jan 5, 2024
  • RAUM · $334M to $359M
    Mar 16, 2023 to Jan 5, 2024
  • Accounts · 972 to 1,027
    Mar 25, 2022 to Mar 16, 2023
  • Individual clients · 43 to 59
    Mar 25, 2022 to Mar 16, 2023
  • Assets in custody · $35.3M to $40.2M
    Mar 25, 2022 to Mar 16, 2023
  • Private funds · 1 to unset
    Mar 25, 2022 to Mar 16, 2023
Signals
3 dated events
  • Edwin Paul Palmer (Principal) no longer on Schedule A of A•••••••• W••••• P••••••• (listed 2023-03-16, absent 2024-01-05)
    Jan 5, 2024 · Control person left · inference
  • P••• E•••• P••••• left A•••••••• W••••• P••••••• for G•••••• F•••••••• C••••••••• (registered 2023-12-18)
    Dec 15, 2023 · Advisor changed firm · fact
  • A••• G•••• F•••••• left A•••••••• W••••• P••••••• for M••••• G••••• A••••••• I••• (registered 2023-02-21)
    Sep 8, 2022 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business phone
713-827-8014reportedpublished by the firm, firm site, Sep 16, 2026
Website
theadvocateswealth.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
713-827-8014reportedpublic record, Form ADV, Mar 23, 2026
Team page
theadvocateswealth.com/teamreportedpublished by the firm, firm site, Sep 16, 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
$112Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026