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
B•• S••••••••• L••
Latest filing Mar 26, 2026
First filing on the tape Mar 29, 2012 · 33 filings
SEC status approved since Sep 21, 2006
RAUM
$128M
reported, Item 5.F
Discretionary
43%
of RAUM
Private clients
98%
$126M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$42.8M
derived; firm RAUM over IAPD count
Employees
8
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$128M as of Mar 26, 2026
Mar 29, 2012$283M then
HNW client RAUM$111M as of Mar 26, 2026
Mar 29, 2018$162M then
State-registered IARs (5.B.3)4 as of Mar 26, 2026
Mar 29, 20120 then
Employees (5.A)8 as of Mar 26, 2026
Mar 28, 201310 then
Private funds: no history
RAUM -4.0% over the last fiscal year+7.4% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $42.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 34derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $698,083derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 43%derivedof RAUM
- Institutional
- 1.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -4.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -9.6%derived
- Compensation
- percentage of assets, commissionsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $52.6MreportedItem 5.I
- Custody
- $601,914, 22 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 a broker-dealer (6.A.1)
- 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)
- the adviser acts as qualified custodian (9.D.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$111M87%
- Individuals$14.9M12%
- Pension and profit-sharing plans$2.1M1.6%
- Corporations and businesses$50,5960.0%
- Individual clients
- 42reported
- HNW clients
- 61reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 184reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $601,914 for 22 clientsreported
- Compensation
- % of AUM, commissionsreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M••••••• R•••••• H•••••• | Birmingham, Al | May 17, 2006 | 40 y | 1 |
| J•••• B••••• K••••• | Birmingham, Al | May 17, 2006 | 29 y | 1 |
| W•••••• M••••• B•••••• | Birmingham, Al | Jul 12, 2021 | 38 y | 3 |
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
- S••••• M•••••• K••••••••• to M•••••• A••••••• G••••• L••Sep 6, 2019 · RIA to a newly registered adviser
Joined, latest
- W•••••• M••••• B•••••• from M••••• S••••••Jul 12, 2021 · Wirehouse to independent RIA
- C•••••• M••••••• S•••• from S••••• A••• A•••• M••••••••• I•••Aug 19, 2014 · Other
- J••••• C••••••••• M•••• from M•• I•••••••• S•••••••• L••Mar 26, 2008 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B••••• J••• G••••• · Presidentcontrolsince 10/2006 · owns less than 5%
- H••••••• M••••••• R•••••• · Ceo / Finop / Cfocontrolsince 03/2005 · owns less than 5%
- K•••••• J•••• B••••• · Chief Compliance Officer / Srop / Cropcontrolsince 03/2005 · owns less than 5%
- B••••• J••• G••••• · Partnercontrolsince 10/2006 · owns 25% to 50% of B•• H•••••••• L••
- H••••••• M••••••• R•••••• · Partnercontrolsince 03/2005 · owns 25% to 50% of B•• H•••••••• L••
- K•••••• J•••• B••••• · Partnercontrolsince 03/2005 · owns 25% to 50% of B•• H•••••••• L••
Entity owners
- B•• H•••••••• L•• · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- B•• I••••••••• A•••••••investment advisernRAUM $794M
Advisers that list B•• S••••••••• L•• as a related person
- 140515 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Birmingham, Al · principal | 3 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 191 to 184Mar 24, 2025 to Mar 26, 2026
- BD registered reps · 4 to 5Mar 24, 2025 to Mar 26, 2026
- HNW clients · 66 to 61Mar 24, 2025 to Mar 26, 2026
- Individual clients · 48 to 42Mar 24, 2025 to Mar 26, 2026
- Assets in custody · $25.2M to $601,914Mar 24, 2025 to Mar 26, 2026
- State-registered IARs · 3 to 4Mar 24, 2025 to Mar 26, 2026
- Discretionary RAUM · $56.5M to $54.7MMar 24, 2025 to Mar 26, 2026
- HNW RAUM · $116M to $111MMar 24, 2025 to Mar 26, 2026
- Individual RAUM · $14.3M to $14.9MMar 24, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $77.3M to $73.7MMar 24, 2025 to Mar 26, 2026
- Pension RAUM · $2.1M to $2.1MMar 24, 2025 to Mar 26, 2026
- RAUM · $134M to $128MMar 24, 2025 to Mar 26, 2026
- Accounts · 192 to 191Mar 25, 2024 to Mar 24, 2025
- Advisory employees · 5 to 3Mar 25, 2024 to Mar 24, 2025
- BD registered reps · 6 to 4Mar 25, 2024 to Mar 24, 2025
- HNW clients · 65 to 66Mar 25, 2024 to Mar 24, 2025
- Individual clients · 49 to 48Mar 25, 2024 to Mar 24, 2025
- Employees · 9 to 8Mar 25, 2024 to Mar 24, 2025
- Insurance-licensed employees · 5 to 4Mar 25, 2024 to Mar 24, 2025
- Financial planning clients · 0 to 0Mar 25, 2024 to Mar 24, 2025
- State-registered IARs · 5 to 3Mar 25, 2024 to Mar 24, 2025
- Discretionary RAUM · $47.3M to $56.5MMar 25, 2024 to Mar 24, 2025
- HNW RAUM · $97.2M to $116MMar 25, 2024 to Mar 24, 2025
- Individual RAUM · $13.8M to $14.3MMar 25, 2024 to Mar 24, 2025
- Non-discretionary RAUM · $66.5M to $77.3MMar 25, 2024 to Mar 24, 2025
- Pension RAUM · $1.7M to $2.1MMar 25, 2024 to Mar 24, 2025
- RAUM · $114M to $134MMar 25, 2024 to Mar 24, 2025
- Accounts · 199 to 192Mar 31, 2023 to Mar 25, 2024
- HNW clients · 62 to 65Mar 31, 2023 to Mar 25, 2024
- Individual clients · 57 to 49Mar 31, 2023 to Mar 25, 2024
- Assets in custody · $544,654 to $25.2MMar 31, 2023 to Mar 25, 2024
- Discretionary RAUM · $42.3M to $47.3MMar 31, 2023 to Mar 25, 2024
- HNW RAUM · $84.7M to $97.2MMar 31, 2023 to Mar 25, 2024
- Individual RAUM · $14.3M to $13.8MMar 31, 2023 to Mar 25, 2024
- Non-discretionary RAUM · $61.3M to $66.5MMar 31, 2023 to Mar 25, 2024
- Pension RAUM · $3.5M to $1.7MMar 31, 2023 to Mar 25, 2024
- RAUM · $104M to $114MMar 31, 2023 to Mar 25, 2024
- Accounts · 212 to 199Sep 15, 2022 to Mar 31, 2023
- HNW clients · 65 to 62Sep 15, 2022 to Mar 31, 2023
- Individual clients · 58 to 57Sep 15, 2022 to Mar 31, 2023
Signals
1 dated events
- Robert Lee Barnett no longer registered at B•• S••••••••• L••; no later IA registration on IAPDAug 3, 2026 · Advisor departure · fact
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
- Business phone
- 205-322-2025reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 205-322-9025reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 888-529-2610reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- w••.b•••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 205-322-2025reportedpublic record, Form ADV, Mar 26, 2026
- Team page
- b•••••.comreportedpublished by the firm, firm site, Sep 15, 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
- $42.8Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026