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
Tony Walker Financial
Legal name Walker Financial Services, Inc.
Latest filing Sep 1, 2026
First filing on the tape Feb 5, 2021 · 18 filings
SEC status approved since Mar 5, 2021
RAUM
$374M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$374M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$74.7M
derived; firm RAUM over IAPD count
Employees
17
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$374M as of Jul 23, 2026
Mar 19, 2021$127M then
HNW client RAUM$42.7M as of Jul 23, 2026
Mar 19, 2021$10.9M then
State-registered IARs (5.B.3)4 as of Jul 23, 2026
Mar 19, 20214 then
Employees (5.A)17 as of Jul 23, 2026
Mar 19, 202111 then
Private funds: no history
RAUM +19% over the last fiscal year+25% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Sep 1, 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
- $74.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 366derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $762,649derivedHNW RAUM over HNW clients
- Average account
- $135,682derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.4derivedItem 5.A over advisors
- Advisors per office
- 1.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -33%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Financial planning clients
- 1,500reportedItem 5.H
- Custody
- $199M, 1,354 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
- is an insurance broker or agent (6.A.6)
- 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$331M89%
- High-net-worth individuals$42.7M11%
- Individual clients
- 1,772reported
- HNW clients
- 56reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2,754reported
- Financial planning clients
- 1,500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $199M for 1,354 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Phillip Anthony Walker | Bowling Green, Ky | Feb 12, 2010 | 36 y | 0 |
| Heather Anne Hughes | Bowling Green, Ky | Feb 1, 2018 | 20 y | 0 |
| Carl William Jurgens | Bowling Green, Ky | Mar 12, 2020 | 11 y | 0 |
| Wesley Ryan Walker | Bowling Green, Ky | Sep 30, 2020 | 16 y | 0 |
| Timothy J Reagan | Bowling Green, Ky | Apr 17, 2026 | 19 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
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
- Anthony Phillip Walker · President/Directorcontrolsince 01/1991 · owns 75% or more
- William Carl Jurgens · Chief Compliance Officersince 08/2020 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bowling Green, Ky · principal | 5 | 1 | 0 | ||
| Louisville, Ky | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Lexington, KY3 employees
- Louisville, KY3 employees
- , 1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- unusually high clients per advisorStatic outlier · filing Sep 1, 2026private clients per advisor of 365.6 against a peer median of 57.3 (3075 comparable advisers, 99.0th percentile, 8.8 robust deviations)peers: independent wealth managers, $100M to $500M (3,075) · 99% percentile
- high employee count relative to advisorsStatic outlier · filing Sep 1, 2026employees per registered advisor of 3.4 against a peer median of 1.2 (1313 comparable advisers, 98.0th percentile, 7.4 robust deviations)peers: independent wealth managers, $100M to $500M (1,313) · 98% percentile
- clients down average size upCombination · filing Feb 26, 2026private 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 $312,825,099 to $373,667,468, advisors 4 to 4, private clients 2711 to 1828, offices 2 to 2 (2025-02-07 to 2026-02-26)peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Financial planning clients · More than 500 to More than 500Jul 23, 2026 to Sep 1, 2026
- Related adviser · false to unsetJul 23, 2026 to Sep 1, 2026
- Related bank · false to unsetJul 23, 2026 to Sep 1, 2026
- Related broker-dealer · false to unsetJul 23, 2026 to Sep 1, 2026
- Related insurance company · false to unsetJul 23, 2026 to Sep 1, 2026
- Succession · false to unsetJul 23, 2026 to Sep 1, 2026
- Accounts · 2,711 to 2,754Jun 9, 2025 to Feb 26, 2026
- HNW clients · 34 to 56Jun 9, 2025 to Feb 26, 2026
- Individual clients · 2,677 to 1,772Jun 9, 2025 to Feb 26, 2026
- Assets in custody · $128M to $199MJun 9, 2025 to Feb 26, 2026
- Discretionary RAUM · $313M to $374MJun 9, 2025 to Feb 26, 2026
- HNW RAUM · $27.4M to $42.7MJun 9, 2025 to Feb 26, 2026
- Individual RAUM · $285M to $331MJun 9, 2025 to Feb 26, 2026
- RAUM · $313M to $374MJun 9, 2025 to Feb 26, 2026
- Assets in custody · unset to 128483621.0Feb 7, 2025 to Jun 9, 2025
- Custody of client assets · false to trueFeb 7, 2025 to Jun 9, 2025
- Financial planning clients · More than 500 to More than 500Feb 7, 2025 to Jun 9, 2025
- Accounts · 2,475 to 2,711Dec 20, 2024 to Feb 7, 2025
- Advisory activities · 1 to 2Dec 20, 2024 to Feb 7, 2025
- HNW clients · 28 to 34Dec 20, 2024 to Feb 7, 2025
- Individual clients · 2,120 to 2,677Dec 20, 2024 to Feb 7, 2025
- Employees · 14 to 17Dec 20, 2024 to Feb 7, 2025
- Other offices · 3 to 2Dec 20, 2024 to Feb 7, 2025
- Discretionary RAUM · $239M to $313MDec 20, 2024 to Feb 7, 2025
- HNW RAUM · $24.3M to $27.4MDec 20, 2024 to Feb 7, 2025
- Individual RAUM · $215M to $285MDec 20, 2024 to Feb 7, 2025
- RAUM · $239M to $313MDec 20, 2024 to Feb 7, 2025
- Accounts · 2,217 to 2,475Jul 27, 2023 to Feb 13, 2024
- HNW clients · 19 to 28Jul 27, 2023 to Feb 13, 2024
- Individual clients · 1,859 to 2,120Jul 27, 2023 to Feb 13, 2024
- Employees · 12 to 14Jul 27, 2023 to Feb 13, 2024
- Other offices · 2 to 3Jul 27, 2023 to Feb 13, 2024
- Discretionary RAUM · $190M to $239MJul 27, 2023 to Feb 13, 2024
- HNW RAUM · $14.6M to $24.3MJul 27, 2023 to Feb 13, 2024
- Individual RAUM · $175M to $215MJul 27, 2023 to Feb 13, 2024
- RAUM · $190M to $239MJul 27, 2023 to Feb 13, 2024
- Accounts · 1,964 to 2,217May 12, 2022 to Feb 17, 2023
- HNW clients · 21 to 19May 12, 2022 to Feb 17, 2023
- Individual clients · 1,642 to 1,859May 12, 2022 to Feb 17, 2023
- Employees · 11 to 12May 12, 2022 to Feb 17, 2023
Signals
1 dated events
- Walker Financial Services, Inc. filed its initial SEC registration (Form ADV)Feb 5, 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
- Website
- soundcloud.com/user-548284287reportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 270-843-9380reportedpublic record, Form ADV, Sep 1, 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
- $74.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026