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

Alphasource Investment Counsel, Inc

Former SEC-registered adviserHouston, TexasCRD 144857SEC 801-68258IAPD
Latest filing Apr 25, 2013
First filing on the tape Nov 22, 2011 · 11 filings
RAUM
$94.2M
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
4
1 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
11 filings and snapshots on the tape
RAUM$94.2M as of Mar 28, 2013
Dec 7, 2011$126M then
HNW client RAUM: no history
State-registered IARs (5.B.3): 2
Employees (5.A): 4
Private funds: no history
RAUM -25% over the last fiscal year
Practice profile
derived from the filing of Apr 25, 2013; every figure names its basis
RAUM per advisor
$47.1MderivedRAUM 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
$114,065derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-25%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 individualsreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
826reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Ralph Gordon Dangelo · Chairmancontrol
    since 07/2007 · owns less than 5%
  • Carol Rita Defloreo · Chief Compliance Officercontrol
    since 11/2011 · owns less than 5%
  • Cassedy Andrew Miller · Presidentcontrol
    since 12/2010 · owns less than 5%
Entity owners
  • We2, Inc. · Owner
    direct · owns 75% or more
  • Next Financial Holdings · Owner
    indirect · owns 75% or more of We2, Inc.
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 1,024 to 826
    Nov 14, 2012 to Mar 28, 2013
  • Advisory employees · 0 to 1
    Nov 14, 2012 to Mar 28, 2013
  • BD registered reps · 6 to 4
    Nov 14, 2012 to Mar 28, 2013
  • Employees · 8 to 4
    Nov 14, 2012 to Mar 28, 2013
  • State-registered IARs · 6 to 2
    Nov 14, 2012 to Mar 28, 2013
  • Discretionary RAUM · $119M to $94.2M
    Nov 14, 2012 to Mar 28, 2013
  • RAUM · $119M to $94.2M
    Nov 14, 2012 to Mar 28, 2013
  • BD registered reps · unset to 6.0
    Jul 18, 2012 to Nov 14, 2012
  • Employees · unset to 8.0
    Jul 18, 2012 to Nov 14, 2012
  • State-registered IARs · unset to 6.0
    Jul 18, 2012 to Nov 14, 2012
  • Accounts · 1,172 to 1,024
    Dec 7, 2011 to Apr 4, 2012
  • Discretionary RAUM · $126M to $119M
    Dec 7, 2011 to Apr 4, 2012
  • RAUM · $126M to $119M
    Dec 7, 2011 to Apr 4, 2012
  • Accounts · 1,188 to 1,172
    Nov 22, 2011 to Dec 7, 2011
  • Insurance-licensed employees · unset to 0.0
    Nov 22, 2011 to Dec 7, 2011
  • Financial planning clients · unset to 0
    Nov 22, 2011 to Dec 7, 2011
  • Discretionary RAUM · $165M to $126M
    Nov 22, 2011 to Dec 7, 2011
  • RAUM · $165M to $126M
    Nov 22, 2011 to Dec 7, 2011
Signals
No event on the tape.
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