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

Applied Finance Advisors, LLC

Asset manager (funds and pooled vehicles)San Antonio, TexasCRD 140054SEC 801-66461websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 29, 2012 · 22 filings
SEC status approved since Apr 17, 2006
RAUM
$2.1B
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
6
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$2.1B as of Mar 30, 2026
Mar 29, 2012$76.0M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 29, 20120 then
Employees (5.A)6 as of Mar 30, 2026
Mar 28, 20134 then
Private funds: no history
RAUM +24% over the last fiscal year+39% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; 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
$228MderivedRAUM 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
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+24%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 assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$2.1B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
9reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Donald Paul Blinn · Managing Membercontrol
        since 02/2006 · owns 25% to 50%
      • Dwain David Jones · Chief Compliance Officercontrol
        since 02/2006 · owns less than 5%
      • James Daniel Obrycki · Managing Membercontrol
        since 02/2006 · owns less than 5%
      • Rafael Resendes · Managing Membercontrol
        since 02/2006 · owns less than 5%
      • James Daniel Obrycki · Managing Membercontrol
        since 01/2004 · owns 50% to 75% of Applied Finance Group, Ltd.
      • Rafael Resendes · Managing Membercontrol
        since 01/2004 · owns 50% to 75% of Applied Finance Group, Ltd.
      Entity owners
      • Applied Finance Group. Ltd · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • San Antonio, TX1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 4 to 9
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $1.7B to $2.1B
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $1.7B to $2.1B
        Mar 31, 2025 to Mar 30, 2026
      • Employees · 5 to 6
        Mar 30, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 30, 2024 to Mar 31, 2025
      • Discretionary RAUM · $1.3B to $1.7B
        Mar 30, 2024 to Mar 31, 2025
      • RAUM · $1.3B to $1.7B
        Mar 30, 2024 to Mar 31, 2025
      • Discretionary RAUM · $762M to $1.3B
        Mar 30, 2023 to Mar 30, 2024
      • RAUM · $762M to $1.3B
        Mar 30, 2023 to Mar 30, 2024
      • Discretionary RAUM · $605M to $762M
        Feb 8, 2022 to Mar 30, 2023
      • RAUM · $605M to $762M
        Feb 8, 2022 to Mar 30, 2023
      • Accounts · 3 to 4
        Feb 11, 2021 to Feb 8, 2022
      • Advisory employees · 2 to 4
        Feb 11, 2021 to Feb 8, 2022
      • Employees · 4 to 5
        Feb 11, 2021 to Feb 8, 2022
      • Discretionary RAUM · $221M to $605M
        Feb 11, 2021 to Feb 8, 2022
      • RAUM · $221M to $605M
        Feb 11, 2021 to Feb 8, 2022
      • Accounts · 4 to 3
        Mar 26, 2020 to Feb 11, 2021
      • Discretionary RAUM · $214M to $221M
        Mar 26, 2020 to Feb 11, 2021
      • RAUM · $214M to $221M
        Mar 26, 2020 to Feb 11, 2021
      • Accounts · 1 to 4
        Aug 26, 2019 to Mar 26, 2020
      • Business name · TOREADOR RESEARCH & TRADING, LLC to APPLIED FINANCE ADVISORS, LLC
        Aug 26, 2019 to Mar 26, 2020
      • Discretionary RAUM · $199M to $214M
        Aug 26, 2019 to Mar 26, 2020
      • RAUM · $199M to $214M
        Aug 26, 2019 to Mar 26, 2020
      • Legal name · TOREADOR RESEARCH & TRADING, LLC to APPLIED FINANCE ADVISORS, LLC
        Aug 12, 2019 to Aug 26, 2019
      • HQ state · FL to TX
        Apr 2, 2018 to Apr 2, 2019
      • Accounts · 4 to 1
        Apr 2, 2018 to Apr 2, 2019
      • HQ city · KEY WEST to SAN ANTONIO
        Apr 2, 2018 to Apr 2, 2019
      • Discretionary RAUM · $233M to $199M
        Apr 2, 2018 to Apr 2, 2019
      • RAUM · $233M to $199M
        Apr 2, 2018 to Apr 2, 2019
      • Accounts · 5 to 4
        Jul 14, 2017 to Apr 2, 2018
      • Charity clients · unset to 0.0
        Jul 14, 2017 to Apr 2, 2018
      • Corporate clients · unset to 0.0
        Jul 14, 2017 to Apr 2, 2018
      • HNW clients · unset to 0.0
        Jul 14, 2017 to Apr 2, 2018
      • Individual clients · unset to 0.0
        Jul 14, 2017 to Apr 2, 2018
      • Pension plan clients · unset to 0.0
        Jul 14, 2017 to Apr 2, 2018
      • Pooled vehicle clients · unset to 0.0
        Jul 14, 2017 to Apr 2, 2018
      • Other offices · unset to 1.0
        Jul 14, 2017 to Apr 2, 2018
      • Discretionary RAUM · $174M to $233M
        Jul 14, 2017 to Apr 2, 2018
      • RAUM · $174M to $233M
        Jul 14, 2017 to Apr 2, 2018
      • Accounts · 3 to 5
        Mar 31, 2016 to Apr 3, 2017
      Signals
      4 dated events
      • Applied Finance Advisors, Llc reported RAUM $1.7B, up 27% from $1.3B (2024-03-30 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • Applied Finance Advisors, Llc reported RAUM $1.3B, up 71% from $762.0M (2023-03-30 to 2024-03-30)
        Mar 30, 2024 · RAUM change · derived
      • Applied Finance Advisors, Llc reported RAUM $762.0M, up 26% from $605.1M (2022-02-08 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Applied Finance Advisors, Llc reported RAUM $605.1M, up 174% from $221.2M (2021-02-11 to 2022-02-08)
        Feb 8, 2022 · 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.
      How to reach
      public business contact points only, each with its source
      Website
      APPLIEDFINANCEFUNDS.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      210-204-7479reportedpublic 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
      Asset manager (funds and pooled vehicles)deriveda 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