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
Tectonic Advisors LLC
Latest filing Mar 30, 2026
First filing on the tape Nov 15, 2011 · 53 filings
SEC status approved since Apr 21, 2006
RAUM
$5.1B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
54%
$2.8B individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$1.7B
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
53 filings and snapshots on the tape
RAUM$5.1B as of Mar 30, 2026
Mar 29, 2016$993M then
HNW client RAUM$2.3B as of Mar 30, 2026
Mar 23, 2018$145M then
State-registered IARs (5.B.3)2 as of Mar 30, 2026
Feb 24, 20120 then
Employees (5.A)6 as of Mar 30, 2026
Mar 28, 20134 then
Private funds: no history
RAUM +18% over the last fiscal year+25% a year over threeIARs 6 to 2offices 1 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $1.7BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 745derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $555,306derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 93%derivedof RAUM
- Institutional
- 2.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +18%derivedbetween the last two annual amendments
- Advisor growth, one year
- -67%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.9%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.3B45%
- Pooled investment vehicles$2.2B44%
- Individuals$442M8.6%
- Pension and profit-sharing plans$112M2.2%
- Charitable organizations$5.3M0.1%
- Individual clients
- 1,513reported
- HNW clients
- 723reported
- Pension plan clients
- 137reported
- Charitable clients
- 3reported
- Accounts
- 9,259reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.54 fund_share=0.44 institutional_share=0.02 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Carla Parisi Keck | Frisco, Tx | Aug 1, 2022 | 22 y | 3 |
Advisor movement
4 left, 0 joined in 12 months
net -4 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 133% of current headcount4 left over 36 months
Left, latest
- Steve Mangold to Sanders Morris LLCJan 8, 2026 · RIA to RIA
- Juaquin Gabriel Arellano to Tectonic Capital Advisors, LLCJan 8, 2026 · RIA to a newly registered adviser
- Nancy Elaine Dixon to Sanders Morris LLCJan 8, 2026 · RIA to RIA
- Arthur Haag Sherman to Privus Financial, LLCJan 8, 2026 · Other
- Daniel Priwin to Sanders Morris LLCMar 18, 2022 · RIA to RIA
- Brittany Stephens Steitz to UBS Financial Services Inc.Jan 16, 2019 · Other
- Robert K Moran to Cain, Watters & Associates, LLCAug 27, 2010 · Other
- Jason Matthew Morton to Cain, Watters & Associates, LLCOct 6, 2009 · Other
Joined, latest
- Carla Parisi Keck from Ameriprise Financial Services, LLCAug 1, 2022 · Affiliated broker-dealer or bank to independent RIA
- Steve Mangold from Next Financial Group, Inc.Nov 1, 2019 · Other
- Juaquin Gabriel Arellano from Salient Capital Advisors, LLCAug 10, 2017 · Other
- Brittany Stephens Steitz from Salient Capital Advisors, LLCApr 7, 2017 · Other
- Nancy Elaine Dixon from J.P. Morgan Securities LLCMar 24, 2017 · Other
- Arthur Haag Sherman from Sustainable Woodlands Partners, LLCApr 28, 2015 · Other
- Brad Robert Sanders from First Dallas Securities, Inc.Mar 11, 2009 · Other
- Robert K Moran from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMar 14, 2007 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Sanders Morris LLCJan 8, 2026 · Frisco, Tx
- 2 joined from Salient Capital Advisors, LLCApr 3, 2017 · Houston, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Bartoe Michelle Baird · Chief Financial Officercontrolsince 02/2015 · owns less than 5%
- Layne Jeremy Bolf · Ccocontrolsince 09/2024 · owns less than 5%
- Robert Brian Bortz · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Ward Darrell Cain · Chairmancontrolsince 05/2005 · owns less than 5%
- Lawrence Steven Cain · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Bradley Steven Clapp · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Standefer Judson Crawford · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Scott Andrew Erwin · Coocontrolsince 01/2024 · owns less than 5%
- Basil Timothy Greaves · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Hatcher Toni Lee · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Douglas Paul Lyons · Senior Managing Directorcontrolsince 01/2006 · owns less than 5%
- Robert Thomas Sanders · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Haag Arthur Sherman · Ceo And Ciocontrolsince 02/2015 · owns less than 5%
- Charles Dan Wicker · Shareholdercontrolsince 01/2026 · owns 10% to 25%
- Michael Stephen Mangold · Chief Compliance Officersince 11/2019 · owns less than 5%
Entity owners
- Loretto Satterfield LLC · Shareholderdirect · owns 10% to 25%
- Tectonic Financial, Inc. · Parent Companydirect · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
- Cain, Watters & Associates, LLCinvestment adviserinsurancenRAUM $5.0B
- Hwg Insurance Agency, LLCreal estaten
- Sanders Morris LLCbroker-dealerinvestment advisernRAUM $576M
- T Bank, Napooled vehicle sponsorn
Advisers that list Tectonic Advisors LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Frisco, Tx · principal | 3 | 0 | 4 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Houston, TX3 employees
ADV anomalies
16 against comparable advisers; where to look, not conclusions
- advisor count dropChange between filings · filing Mar 30, 2026advisory representatives (Item 5.B.3) moved from 6.0 to 2.0 (-67.0%) between the annual amendments of 2025-03-26 and 2026-03-30; the peer median change was +6.0% (220 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $5B to $20B (220) · 1.8% percentile
- control person changedChange between filings · filing Mar 30, 2026ERWIN, ANDREW, SCOTT (COO) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026WICKER, DAN, CHARLES (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026BORTZ, BRIAN, ROBERT (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026CLAPP, STEVEN, BRADLEY (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026GREAVES, TIMOTHY, BASIL (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026CAIN, STEVEN, LAWRENCE (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026SANDERS, THOMAS, ROBERT (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026LEE, TONI, HATCHER (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026CRAWFORD, JUDSON, STANDEFER (SHAREHOLDER) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026BOLF, JEREMY, LAYNE (CCO) appeared on Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026CAIN, DARRELL, WARD (CHAIRMAN) left Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026SHERMAN, ARTHUR, HAAG (CEO AND CIO) left Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- control person changedChange between filings · filing Mar 30, 2026BAIRD, MICHELLE, BARTOE (CHIEF FINANCIAL OFFICER) left Schedule A between the filings of 2019-11-08 and 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- custody status changedChange between filings · filing Mar 30, 2026custody of client assets (Item 9.A): yes on the filing of 2026-02-02, no on the filing of 2026-03-30peers: independent wealth managers, $5B to $20B (289)
- employee count dropChange between filings · filing Mar 30, 2026employees (Item 5.A) moved from 13.0 to 6.0 (-54.0%) between the annual amendments of 2025-03-26 and 2026-03-30; the peer median change was +5.0% (264 comparable advisers, 0.0th percentile of changes)peers: independent wealth managers, $5B to $20B (264) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 7,991 to 9,259Feb 2, 2026 to Mar 30, 2026
- Advisory employees · 5 to 3Feb 2, 2026 to Mar 30, 2026
- BD registered reps · 6 to 0Feb 2, 2026 to Mar 30, 2026
- HNW clients · 577 to 723Feb 2, 2026 to Mar 30, 2026
- Individual clients · 1,458 to 1,513Feb 2, 2026 to Mar 30, 2026
- Pension plan clients · 132 to 137Feb 2, 2026 to Mar 30, 2026
- Assets in custody · $156M to $0Feb 2, 2026 to Mar 30, 2026
- Custody of client assets · true to falseFeb 2, 2026 to Mar 30, 2026
- Employees · 13 to 6Feb 2, 2026 to Mar 30, 2026
- Insurance-licensed employees · 0 to 2Feb 2, 2026 to Mar 30, 2026
- State-registered IARs · 6 to 2Feb 2, 2026 to Mar 30, 2026
- Other offices · 1 to 0Feb 2, 2026 to Mar 30, 2026
- Discretionary RAUM · $4.2B to $4.8BFeb 2, 2026 to Mar 30, 2026
- HNW RAUM · $1.8B to $2.3BFeb 2, 2026 to Mar 30, 2026
- Individual RAUM · $411M to $442MFeb 2, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $164M to $352MFeb 2, 2026 to Mar 30, 2026
- Pension RAUM · $90.6M to $112MFeb 2, 2026 to Mar 30, 2026
- Pooled vehicle RAUM · $2.0B to $2.2BFeb 2, 2026 to Mar 30, 2026
- RAUM · $4.3B to $5.1BFeb 2, 2026 to Mar 30, 2026
- Accounts · 6,832 to 7,991Mar 18, 2024 to Mar 26, 2025
- HNW clients · 450 to 577Mar 18, 2024 to Mar 26, 2025
- Individual clients · 1,370 to 1,458Mar 18, 2024 to Mar 26, 2025
- Pension plan clients · 127 to 132Mar 18, 2024 to Mar 26, 2025
- Assets in custody · $115M to $156MMar 18, 2024 to Mar 26, 2025
- Financial planning clients · unset to Mar 18, 2024 to Mar 26, 2025
- Discretionary RAUM · $3.5B to $4.2BMar 18, 2024 to Mar 26, 2025
- HNW RAUM · $1.4B to $1.8BMar 18, 2024 to Mar 26, 2025
- Individual RAUM · $349M to $411MMar 18, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $102M to $164MMar 18, 2024 to Mar 26, 2025
- Pension RAUM · $74.1M to $90.6MMar 18, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $1.8B to $2.0BMar 18, 2024 to Mar 26, 2025
- RAUM · $3.6B to $4.3BMar 18, 2024 to Mar 26, 2025
- Accounts · 5,751 to 6,832Apr 6, 2023 to Mar 18, 2024
- HNW clients · 291 to 450Apr 6, 2023 to Mar 18, 2024
- Individual clients · 1,346 to 1,370Apr 6, 2023 to Mar 18, 2024
- Pension plan clients · 100 to 127Apr 6, 2023 to Mar 18, 2024
- Discretionary RAUM · $2.6B to $3.5BApr 6, 2023 to Mar 18, 2024
- HNW RAUM · $803M to $1.4BApr 6, 2023 to Mar 18, 2024
- Individual RAUM · $302M to $349MApr 6, 2023 to Mar 18, 2024
- Non-discretionary RAUM · $34.9M to $102MApr 6, 2023 to Mar 18, 2024
Signals
12 dated events
- Arthur Haag Sherman left Tectonic Advisors Llc for Privus Financial, Llc (registered 2018-04-25)Jan 8, 2026 · Advisor changed firm · fact
- Nancy Elaine Dixon left Tectonic Advisors Llc for Sanders Morris Llc (registered 2019-01-31)Jan 8, 2026 · Advisor changed firm · fact
- Steve Mangold left Tectonic Advisors Llc for Sanders Morris Llc (registered 2019-11-01)Jan 8, 2026 · Advisor changed firm · fact
- Juaquin Gabriel Arellano left Tectonic Advisors Llc for Tectonic Capital Advisors, Llc (registered 2025-12-17)Jan 8, 2026 · Advisor changed firm · fact
- 2 advisors left Tectonic Advisors LLC (Frisco, TX) for Sanders Morris LLC on the same dayJan 8, 2026 · Team lift-out · derived
- Tectonic Advisors Llc reported RAUM $3.6B, up 37% from $2.6B (2023-04-06 to 2024-03-18)Mar 18, 2024 · RAUM change · derived
- Lewis Millette Sherman (Trustee) no longer on Schedule A of Tectonic Advisors Llc (listed 2022-03-30, absent 2022-05-31)May 31, 2022 · Control person left · inference
- Tectonic Advisors Llc reported RAUM $2.7B, up 45% from $1.9B (2022-01-06 to 2022-03-30)Mar 30, 2022 · RAUM change · derived
- Daniel Priwin left Tectonic Advisors Llc for Sanders Morris Llc (registered 2020-01-14)Mar 18, 2022 · Advisor changed firm · fact
- Bartoe Michelle Baird (Chief Financial Officer) appeared on Schedule A of Tectonic Advisors LlcMar 27, 2019 · Control person joined · fact
- Elaine Nancy Dixon (Chief Compliance Officer) no longer on Schedule A of Tectonic Advisors Llc (listed 2018-03-23, absent 2019-03-27)Mar 27, 2019 · Control person left · inference
- Iii To I Financial Management Research, L.P. reported succeeding to the business of Another Adviser (Form ADV Item 4)Mar 6, 2015 · Succession (Item 4) · 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 email
- info@tectonicadvisors.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 972-398-4622reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/tectonicadvisorsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- tectonicadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 713-250-4200reportedpublic record, Form ADV, Mar 30, 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
- $1.7Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026