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

Awm Financial Services Inc.

Independent wealth managerThe Woodlands, TexasCRD 144351SEC 801-120940websiteIAPD
Latest filing Mar 20, 2026
First filing on the tape Mar 25, 2021 · 24 filings
SEC status approved since Apr 23, 2021
RAUM
$321M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$314M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$45.8M
derived; firm RAUM over IAPD count
Employees
19
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$321M as of Mar 20, 2026
Jan 25, 2022$180M then
HNW client RAUM$74.1M as of Mar 20, 2026
Jan 25, 2022$37.1M then
State-registered IARs (5.B.3)7 as of Mar 20, 2026
Jan 25, 20226 then
Employees (5.A)19 as of Mar 20, 2026
Jan 25, 202211 then
Private funds: no history
RAUM +37% over the last fiscal year+23% a year over threeIARs 6 to 7
Practice profile
derived from the filing of Mar 20, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$45.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
29derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$118,733derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.7derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+37%derivedbetween the last two annual amendments
Advisor growth, one year
+17%derivedItem 5.B.3 between annual amendments
Client growth, one year
-85%derived
Compensation
percentage of assets, hourly, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, educational seminarsreportedItem 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$240M75%
  • High-net-worth individuals$74.1M23%
  • Other investment advisers$3.5M1.1%
  • Corporations and businesses$3.2M1.0%
Individual clients
158reported
HNW clients
42reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2,700reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=0.98 fund_share=0.01 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Daniel Ryan WhelessThe Woodlands, TxJan 13, 202526 y5
Justin W NapoleonThe Woodlands, TxJan 8, 202620 y1
Colton John MillerThe Woodlands, TxJan 8, 202612 y1
Ashton Colby EdwardsThe Woodlands, TxJan 8, 202612 y1
Matthew Ian StevensonThe Woodlands, TxMar 2, 202610 y1
Andrew Nicholas KingThe Woodlands, TxMar 9, 202610 y0
Joel Dalton DavisThe Woodlands, TxJul 16, 202610 y0
Advisor movement
3 left, 0 joined in 12 months
net -3 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 43% of current headcount6 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Ian Matthew Stevenson · Presidentcontrol
    since 06/2016 · owns less than 5%
  • Ryan Daniel Wheless · Founder/Ceo/Ccocontrol
    since 01/2008 · owns 75% or more
Related persons
Schedule D 7.A
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
The Woodlands, Tx · principal773
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
  • clients down average size upCombination · filing Mar 20, 2026
    private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $233,714,026 to $320,578,704, advisors 6 to 7, private clients 1344 to 200, offices 0 to 0 (2025-03-21 to 2026-03-20)
    peers: independent wealth managers, $100M to $500M (5,676)
  • account count surgeChange between filings · filing Mar 20, 2026
    accounts (Item 5.F.2.f) moved from 1,345.0 to 2,700.0 (+101.0%) between the annual amendments of 2025-03-21 and 2026-03-20; the peer median change was +5.0% (3688 comparable advisers, 98.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,688) · 98% percentile
  • business activity changedChange between filings · filing Mar 20, 2026
    pension consulting (Item 5.G.6): yes on the filing of 2026-01-05, no on the filing of 2026-03-20
    peers: independent wealth managers, $100M to $500M (5,676)
  • client count collapseChange between filings · filing Mar 20, 2026
    individual and HNW clients (Item 5.D) moved from 1,344.0 to 200.0 (-85.0%) between the annual amendments of 2025-03-21 and 2026-03-20; the peer median change was +3.0% (3310 comparable advisers, 0.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (3,310) · 0.2% percentile
  • RAUM up 25 %Change between filings · filing Mar 20, 2026
    RAUM (Item 5.F) moved from $233,714,026 to $320,578,704 (+37.0%) between the annual amendments of 2025-03-21 and 2026-03-20; the peer median change was +15.0% (4551 comparable advisers, 91.0th percentile of changes)
    peers: independent wealth managers, $100M to $500M (4,551) · 91% percentile
What changed
consecutive filings, newest first
  • Accounts · 1,345 to 2,700
    Jan 5, 2026 to Mar 20, 2026
  • Advisory employees · 6 to 7
    Jan 5, 2026 to Mar 20, 2026
  • Corporate clients · 1 to 5
    Jan 5, 2026 to Mar 20, 2026
  • HNW clients · 29 to 42
    Jan 5, 2026 to Mar 20, 2026
  • Individual clients · 1,315 to 158
    Jan 5, 2026 to Mar 20, 2026
  • Employees · 15 to 19
    Jan 5, 2026 to Mar 20, 2026
  • Financial planning clients · 251-500 to 101-250
    Jan 5, 2026 to Mar 20, 2026
  • State-registered IARs · 6 to 7
    Jan 5, 2026 to Mar 20, 2026
  • Discretionary RAUM · $234M to $321M
    Jan 5, 2026 to Mar 20, 2026
  • HNW RAUM · $49.6M to $74.1M
    Jan 5, 2026 to Mar 20, 2026
  • Individual RAUM · $182M to $240M
    Jan 5, 2026 to Mar 20, 2026
  • RAUM · $234M to $321M
    Jan 5, 2026 to Mar 20, 2026
  • Financial planning clients · 251-500 to 251-500
    Mar 21, 2025 to Jun 13, 2025
  • Accounts · 2,013 to 1,345
    May 16, 2024 to Mar 21, 2025
  • Advisory employees · 11 to 6
    May 16, 2024 to Mar 21, 2025
  • Corporate clients · 0 to 1
    May 16, 2024 to Mar 21, 2025
  • HNW clients · 24 to 29
    May 16, 2024 to Mar 21, 2025
  • Individual clients · 592 to 1,315
    May 16, 2024 to Mar 21, 2025
  • Employees · 13 to 15
    May 16, 2024 to Mar 21, 2025
  • State-registered IARs · 8 to 6
    May 16, 2024 to Mar 21, 2025
  • Discretionary RAUM · $198M to $234M
    May 16, 2024 to Mar 21, 2025
  • HNW RAUM · $41.5M to $49.6M
    May 16, 2024 to Mar 21, 2025
  • Individual RAUM · $157M to $182M
    May 16, 2024 to Mar 21, 2025
  • RAUM · $198M to $234M
    May 16, 2024 to Mar 21, 2025
  • Advisory employees · 10 to 11
    Mar 23, 2024 to May 16, 2024
  • Employees · 12 to 13
    Mar 23, 2024 to May 16, 2024
  • State-registered IARs · 7 to 8
    Mar 23, 2024 to May 16, 2024
  • Accounts · 1,722 to 2,013
    Feb 15, 2024 to Mar 23, 2024
  • HNW clients · 954 to 24
    Feb 15, 2024 to Mar 23, 2024
  • Individual clients · 18 to 592
    Feb 15, 2024 to Mar 23, 2024
  • Discretionary RAUM · $172M to $198M
    Feb 15, 2024 to Mar 23, 2024
  • HNW RAUM · $29.2M to $41.5M
    Feb 15, 2024 to Mar 23, 2024
  • Individual RAUM · $143M to $157M
    Feb 15, 2024 to Mar 23, 2024
  • RAUM · $172M to $198M
    Feb 15, 2024 to Mar 23, 2024
  • Advisory employees · 9 to 10
    Dec 14, 2023 to Feb 15, 2024
  • Employees · 11 to 12
    Dec 14, 2023 to Feb 15, 2024
  • State-registered IARs · 6 to 7
    Dec 14, 2023 to Feb 15, 2024
  • Advisory employees · 10 to 9
    Oct 10, 2023 to Oct 25, 2023
  • Employees · 12 to 11
    Oct 10, 2023 to Oct 25, 2023
  • State-registered IARs · 7 to 6
    Oct 10, 2023 to Oct 25, 2023
Signals
8 dated events
  • Matthew Austin Williams left Awm Financial Services Inc. for Cresset Asset Management, Llc (registered 2026-09-11)
    Aug 4, 2026 · Advisor changed firm · fact
  • Daniel Ryan Wheless left Awm Financial Services Inc. for Brookstone Wealth Advisors, Llc (registered 2016-07-19)
    Dec 31, 2025 · Advisor changed firm · fact
  • Travis Mcfarland left Awm Financial Services Inc. for J.P. Morgan Securities Llc (registered 2026-06-15)
    Sep 30, 2025 · Advisor changed firm · fact
  • Raymond Benjamin Knezek left Awm Financial Services Inc. for Sequent Planning, Llc (registered 2025-08-08)
    Jun 13, 2025 · Advisor changed firm · fact
  • Matthew Howie left Awm Financial Services Inc. for Farmers Asset Management, Llc (registered 2026-08-05)
    Feb 6, 2025 · Advisor changed firm · fact
  • Parker Josiah Troutner left Awm Financial Services Inc. for Woodstock Wealth Management, Inc. (registered 2023-08-23)
    Oct 25, 2023 · Advisor changed firm · fact
  • Jonathan P English left Awm Financial Services Inc. for Foundations Investment Advisors Llc (registered 2023-06-28)
    May 1, 2023 · Advisor changed firm · fact
  • Awm Financial Services Inc. Dba Allied Wealth Management filed its initial SEC registration (Form ADV)
    Mar 25, 2021 · First SEC registration · 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
Firm profile
LINKEDIN.COM/COMPANY/ALLIED-WEALTHreportedpublic record, Form ADV, Sep 17, 2026
Website
ALLIEDWEALTH.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
281-444-7555reportedpublic record, Form ADV, Mar 20, 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
$45.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026