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.

Former SEC-registered adviser

Galapagos Wealth Management, LLC

Former SEC-registered adviserHouston, TexasCRD 139856SEC 801-67836IAPD
Latest filing Dec 14, 2023
First filing on the tape Mar 20, 2012 · 42 filings
RAUM
$88.2M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
7
$73.2M gross assets
History
42 filings and snapshots on the tape
RAUM$88.2M as of Apr 3, 2023
Mar 20, 2012$465M then
HNW client RAUM$795M as of Mar 10, 2022
Mar 13, 2018$517M then
State-registered IARs (5.B.3)2 as of Apr 3, 2023
Mar 20, 20120 then
Employees (5.A)8 as of Apr 3, 2023
Feb 4, 20139 then
Private funds7 as of Apr 3, 2023
Mar 5, 20142 then
RAUM -90% over the last fiscal year-50% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Dec 14, 2023; every figure names its basis
RAUM per advisor
$44.1MderivedRAUM 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
$9.8MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-90%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 vehicles, selection of other advisersreportedItem 5.G
Custody
$73.2M, 7 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$88.2M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$73.2M for 7 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    1 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Gpincome Offshore, Ltd.Hedge Fund$28,0891Mar 21, 2019
    Owners and control persons
    Schedule A and B, latest filing
    • Joseph Wesley Kubesch · Presidentcontrol
      since 04/2022 · owns less than 5%
    • Paul Stephen Lack · Ceo/Ciocontrol
      since 03/2006 · owns less than 5%
    • Jackie Zhuang · Chief Compliance Officercontrol
      since 07/2021 · owns less than 5%
    Entity owners
    • Corient Private Wealth LLC · Owner
      direct · owns 75% or more
    • Ci Financial Corp · Owner
      indirect · owns 75% or more of Corient Holdings Inc · public reporting company
    • Corient Holdings Inc · Owner
      indirect · owns 75% or more of Corient Partners LLC
    • Corient Partners LLC · Owner
      indirect · owns 75% or more of Corient Private Wealth LLC
    Related persons
    Schedule D 7.A
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Houston, Tx · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 30 to 9
      Mar 1, 2023 to Apr 3, 2023
    • Advisory activities · 4 to 2
      Mar 1, 2023 to Apr 3, 2023
    • HNW clients · 23.0 to unset
      Mar 1, 2023 to Apr 3, 2023
    • Pooled vehicle clients · 7 to 9
      Mar 1, 2023 to Apr 3, 2023
    • Financial planning clients · 11-25 to 0
      Mar 1, 2023 to Apr 3, 2023
    • Discretionary RAUM · $334M to $88.2M
      Mar 1, 2023 to Apr 3, 2023
    • HNW RAUM · 795175965.0 to unset
      Mar 1, 2023 to Apr 3, 2023
    • Non-discretionary RAUM · $534M to $0
      Mar 1, 2023 to Apr 3, 2023
    • Pooled vehicle RAUM · $73.2M to $88.2M
      Mar 1, 2023 to Apr 3, 2023
    • RAUM · $868M to $88.2M
      Mar 1, 2023 to Apr 3, 2023
    • Related adviser · false to true
      Oct 14, 2022 to Nov 7, 2022
    • Business name · GALAPAGOS PARTNERS, L.P. to GALAPAGOS WEALTH MANAGEMENT, LLC
      May 27, 2022 to Oct 14, 2022
    • Legal name · GALAPAGOS PARTNERS, L.P. to GALAPAGOS WEALTH MANAGEMENT, LLC
      May 27, 2022 to Oct 14, 2022
    • Succession · true to false
      May 27, 2022 to Oct 14, 2022
    • Insurance-licensed employees · 0 to 2
      Apr 1, 2022 to May 27, 2022
    • Organization form · Limited Partnership to Limited Liability Company
      Apr 1, 2022 to May 27, 2022
    • Succession · false to true
      Apr 1, 2022 to May 27, 2022
    • Accounts · 29 to 30
      Nov 15, 2021 to Mar 10, 2022
    • Advisory employees · 5 to 2
      Nov 15, 2021 to Mar 10, 2022
    • Pooled vehicle clients · 6 to 7
      Nov 15, 2021 to Mar 10, 2022
    • Assets in custody · $52.8M to $73.2M
      Nov 15, 2021 to Mar 10, 2022
    • Employees · 9 to 8
      Nov 15, 2021 to Mar 10, 2022
    • State-registered IARs · 3 to 2
      Nov 15, 2021 to Mar 10, 2022
    • Other offices · 1 to 0
      Nov 15, 2021 to Mar 10, 2022
    • Private funds · 6 to 7
      Nov 15, 2021 to Mar 10, 2022
    • Discretionary RAUM · $271M to $334M
      Nov 15, 2021 to Mar 10, 2022
    • HNW RAUM · $656M to $795M
      Nov 15, 2021 to Mar 10, 2022
    • Non-discretionary RAUM · $462M to $534M
      Nov 15, 2021 to Mar 10, 2022
    • Pooled vehicle RAUM · $76.9M to $73.2M
      Nov 15, 2021 to Mar 10, 2022
    • RAUM · $733M to $868M
      Nov 15, 2021 to Mar 10, 2022
    • Accounts · 26 to 29
      Jun 3, 2020 to Mar 23, 2021
    • Advisory employees · 6 to 5
      Jun 3, 2020 to Mar 23, 2021
    • HNW clients · 20 to 23
      Jun 3, 2020 to Mar 23, 2021
    • Employees · 12 to 9
      Jun 3, 2020 to Mar 23, 2021
    • State-registered IARs · 4 to 3
      Jun 3, 2020 to Mar 23, 2021
    • Discretionary RAUM · $219M to $271M
      Jun 3, 2020 to Mar 23, 2021
    • HNW RAUM · $624M to $656M
      Jun 3, 2020 to Mar 23, 2021
    • Non-discretionary RAUM · $493M to $462M
      Jun 3, 2020 to Mar 23, 2021
    • Pooled vehicle RAUM · $88.7M to $76.9M
      Jun 3, 2020 to Mar 23, 2021
    • RAUM · $712M to $733M
      Jun 3, 2020 to Mar 23, 2021
    Signals
    11 dated events
    • Stephen Paul Lack left Galapagos Wealth Management, Llc for Durable Dividend Growth Strategies, L.P. (registered 2022-04-13)
      Feb 29, 2024 · Advisor changed firm · fact
    • Wesley Joseph Kubesch left Galapagos Wealth Management, Llc for Durable Dividend Growth Strategies, L.P. (registered 2022-04-14)
      Feb 29, 2024 · Advisor changed firm · fact
    • 2 advisors left Galapagos Wealth Management, LLC (Houston, TX) for Durable Dividend Growth Strategies, L.P. on the same day
      Feb 29, 2024 · Team lift-out · derived
    • Galapagos Wealth Management, Llc reported RAUM $88.2M, down 90% from $868.4M (2023-03-01 to 2023-04-03)
      Apr 3, 2023 · RAUM change · derived
    • Galapagos Partners, L.P. reported succeeding to the business of Another Adviser (Form ADV Item 4)
      May 27, 2022 · Succession (Item 4) · fact
    • Joseph Wesley Kubesch (President) appeared on Schedule A of Galapagos Wealth Management, Llc
      May 27, 2022 · Control person joined · fact
    • Milligan Lucy Lack (Owner) no longer on Schedule A of Galapagos Wealth Management, Llc (listed 2022-04-01, absent 2022-05-27)
      May 27, 2022 · Control person left · inference
    • Stone Harrison Lack (Owner) no longer on Schedule A of Galapagos Wealth Management, Llc (listed 2022-04-01, absent 2022-05-27)
      May 27, 2022 · Control person left · inference
    • Maclean Avery Lack (Owner) no longer on Schedule A of Galapagos Wealth Management, Llc (listed 2022-04-01, absent 2022-05-27)
      May 27, 2022 · Control person left · inference
    • Jackie Zhuang (Chief Compliance Officer) appeared on Schedule A of Galapagos Wealth Management, Llc
      Aug 2, 2021 · Control person joined · fact
    • Brian Anderson (Chief Operating Officer/Chief Risk Officer/Chief Compliance Officer) no longer on Schedule A of Galapagos Wealth Management, Llc (listed 2021-04-19, absent 2021-08-02)
      Aug 2, 2021 · Control person left · inference
    Across DFX
    shared identifiers only, never a name match
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026