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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Former SEC-registered adviser

L••••••• C•••••• P•••••••• L•••

Former SEC-registered adviserDallas, TexasCRD 139921SEC 801-66480IAPD
Latest filing Mar 26, 2018
First filing on the tape Mar 30, 2012 · 13 filings
RAUM
$173M
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
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$46.5M gross assets
History
13 filings and snapshots on the tape
RAUM$173M as of Mar 26, 2018
Mar 30, 2012$1.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2018
Apr 1, 20130 then
Employees (5.A)4 as of Mar 26, 2018
Apr 1, 20135 then
Private funds2 as of Mar 26, 2018
Mar 30, 20122 then
RAUM -48% over the last fiscal year-40% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 2018; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$24.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-48%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 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, portfolio management for investment companiesreportedItem 5.G
Custody
$46.5M, 4 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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
  • Investment companies$111M64%
  • Pooled investment vehicles$62.1M36%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$46.5M for 4 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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      L••••••• M••••• I••••••••• L••• •••••• F••••Hedge Fund$24.8M7Mar 30, 2012
      L•• S••••••• M••••• F•••• L••• •••••• F••••Hedge Fund$21.6M5May 15, 2015
      L••••••• R•• P•••••••• L••no longer reportedHedge Fund$16.0M8Mar 30, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • K••••••••• K••••••••• N••• · Limited Partner; Chief Investment Officercontrol
        since 02/2006 · owns 50% to 75%
      • E•••••• P•••••• M••••• · Membercontrol
        since 02/2006 · owns 25% to 50% of L••••••• M••••••••• L••
      • K••••••••• K••••••••• N••• · Managing Membercontrol
        since 02/2006 · owns 75% or more of L••••••• M••••••••• L••
      • B••••• B••••••• L•• · Limited Partner; Chief Financial Officer; Chief Compliance Officer
        since 04/2009 · owns 5% to 10%
      • E•••••• P•••••• M••••• · Limited Partner
        since 02/2006 · owns 10% to 25%
      Entity owners
      • L••••••• M••••••••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • L••••••• O••••••• M••••••••• I•••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 3 to 2
        Jun 16, 2017 to Mar 26, 2018
      • Pooled vehicle clients · unset to 5.0
        Jun 16, 2017 to Mar 26, 2018
      • Assets in custody · $55.2M to $46.5M
        Jun 16, 2017 to Mar 26, 2018
      • Employees · 5 to 4
        Jun 16, 2017 to Mar 26, 2018
      • Other offices · unset to 0.0
        Jun 16, 2017 to Mar 26, 2018
      • Discretionary RAUM · $319M to $173M
        Jun 16, 2017 to Mar 26, 2018
      • Pooled vehicle RAUM · unset to 62147330.0
        Jun 16, 2017 to Mar 26, 2018
      • RAUM · $319M to $173M
        Jun 16, 2017 to Mar 26, 2018
      • Accounts · 6 to 7
        Mar 30, 2017 to Jun 16, 2017
      • Assets in custody · $61.5M to $55.2M
        Mar 30, 2017 to Jun 16, 2017
      • Discretionary RAUM · $336M to $319M
        Mar 30, 2017 to Jun 16, 2017
      • RAUM · $336M to $319M
        Mar 30, 2017 to Jun 16, 2017
      • Assets in custody · $53.4M to $61.5M
        Jun 28, 2016 to Mar 30, 2017
      • Discretionary RAUM · $456M to $336M
        Jun 28, 2016 to Mar 30, 2017
      • RAUM · $456M to $336M
        Jun 28, 2016 to Mar 30, 2017
      • Assets in custody · $54.0M to $53.4M
        Mar 30, 2016 to Jun 28, 2016
      • Discretionary RAUM · $518M to $456M
        Mar 30, 2016 to Jun 28, 2016
      • RAUM · $518M to $456M
        Mar 30, 2016 to Jun 28, 2016
      • Assets in custody · $37.6M to $54.0M
        May 15, 2015 to Mar 30, 2016
      • Discretionary RAUM · $694M to $518M
        May 15, 2015 to Mar 30, 2016
      • RAUM · $694M to $518M
        May 15, 2015 to Mar 30, 2016
      • Accounts · 4 to 6
        Mar 31, 2015 to May 15, 2015
      • Assets in custody · $28.9M to $37.6M
        Mar 31, 2015 to May 15, 2015
      • Private funds · 1 to 2
        Mar 31, 2015 to May 15, 2015
      • Discretionary RAUM · $793M to $694M
        Mar 31, 2015 to May 15, 2015
      • RAUM · $793M to $694M
        Mar 31, 2015 to May 15, 2015
      • Assets in custody · $27.1M to $28.9M
        Mar 28, 2014 to Mar 31, 2015
      • Discretionary RAUM · $1.1B to $793M
        Mar 28, 2014 to Mar 31, 2015
      • RAUM · $1.1B to $793M
        Mar 28, 2014 to Mar 31, 2015
      • Assets in custody · $27.7M to $27.1M
        Apr 1, 2013 to Mar 28, 2014
      • Discretionary RAUM · $1.2B to $1.1B
        Apr 1, 2013 to Mar 28, 2014
      • RAUM · $1.2B to $1.1B
        Apr 1, 2013 to Mar 28, 2014
      • Private funds · 2 to 1
        Jul 19, 2012 to Apr 1, 2013
      • Accounts · 5 to 4
        Jul 19, 2012 to Apr 1, 2013
      • Advisory employees · unset to 3.0
        Jul 19, 2012 to Apr 1, 2013
      • Assets in custody · $65.2M to $27.7M
        Jul 19, 2012 to Apr 1, 2013
      • Employees · unset to 5.0
        Jul 19, 2012 to Apr 1, 2013
      • State-registered IARs · unset to 0.0
        Jul 19, 2012 to Apr 1, 2013
      • Discretionary RAUM · $1.3B to $1.2B
        Jul 19, 2012 to Apr 1, 2013
      • RAUM · $1.3B to $1.2B
        Jul 19, 2012 to Apr 1, 2013
      Signals
      1 dated events
      • L••••••• C•••••• P•••••••• L••• reported RAUM $173.1M, down 46% from $319.1M (2017-06-16 to 2018-03-26)
        Mar 26, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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