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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SEC-registered adviser
F•••• I••••••••• A•••••••• L••
Latest filing Mar 24, 2026
First filing on the tape Mar 2, 2012 · 35 filings
SEC status approved since Jan 25, 2008
RAUM
$5.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
27
registered through the firm on IAPD
RAUM per advisor
$199M
derived; firm RAUM over IAPD count
Employees
31
31 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$5.4B as of Mar 24, 2026
Mar 2, 2012$8.0B then
HNW client RAUM$0 as of Mar 24, 2026
Mar 30, 2018$23.6M then
State-registered IARs (5.B.3)26 as of Mar 24, 2026
Mar 28, 201337 then
Employees (5.A)31 as of Mar 24, 2026
Mar 28, 201353 then
Private funds: no history
RAUM +5.5% over the last fiscal year+11% a year over threeIARs 26 to 26
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
- b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- RAUM per advisor
- $199MderivedRAUM 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
- $536MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 7.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 27.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 5.G
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- a related person acts as qualified custodian (9.D.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$5.0B93%
- Insurance companies$382M7.1%
- Corporations and businesses$7.8M0.1%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 10reported
- 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=0.92 institutional_share=0.07 related_bd=true related_bank=false bd_reps=4.0derived
Advisors registered through the firm
27 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J•••••• A• E•••••• | San Antonio, Tx | Jun 2, 2008 | 20 y | 0 |
| T•••••• P••• A••••• | San Antonio, Tx | Jan 15, 2009 | 28 y | 1 |
| W•••••• J••• L•••Chartered Financial Analyst | San Antonio, Tx | Aug 21, 2009 | 26 y | 0 |
| J••••• J• H•••••• | San Antonio, Tx | Nov 13, 2009 | 18 y | 0 |
| M••••• S•••• A•••••••• | San Antonio, Tx | Dec 2, 2009 | 18 y | 0 |
| R••••• D••• P•••••• | San Antonio, Tx | Sep 9, 2010 | 27 y | 2 |
| T•••••• L•• T••••• | San Antonio, Tx | Jun 7, 2011 | 15 y | 0 |
| F••••••• E•••••••• V••••• | San Antonio, Tx | May 30, 2012 | 33 y | 1 |
| T••••• A• B•••••••Chartered Financial Analyst | San Antonio, Tx | May 19, 2014 | 12 y | 0 |
| C••••••••• M•••••• C•••Chartered Financial Analyst | San Antonio, Tx | May 27, 2014 | 26 y | 1 |
| A•••••••• P• S•••••• | San Antonio, Tx | Jul 20, 2015 | 11 y | 0 |
| J••••••• M•••• W••••Chartered Financial Analyst | San Antonio, Tx | Mar 9, 2017 | 25 y | 1 |
| O•••••• P•••••• D••••••Chartered Financial Analyst | San Antonio, Tx | Aug 14, 2017 | 11 y | 0 |
| A••••• M••••• H•••••• | San Antonio, Tx | Oct 5, 2017 | 11 y | 0 |
| R••• M•••••• S•••••• | San Antonio, Tx | Feb 20, 2018 | 13 y | 1 |
| A••• R••••• A•••••• | San Antonio, Tx | Jul 30, 2019 | 39 y | 0 |
| D••••• P•••• | San Antonio, Tx | Oct 1, 2019 | 12 y | 0 |
| M••• M••••• M••••• | San Antonio, Tx | Apr 2, 2021 | 33 y | 1 |
| B••••••• R•••••• W••••• | San Antonio, Tx | Sep 22, 2021 | 11 y | 0 |
| A••••• D• S•••• | San Antonio, Tx | Dec 21, 2021 | 13 y | 0 |
| D•••• M•••••• P••••• | San Antonio, Tx | Mar 31, 2022 | 14 y | 0 |
| D•••• P••••• | San Antonio, Tx | Apr 4, 2022 | 10 y | 0 |
| R••••••• N••••• H•••••• | San Antonio, Tx | Feb 6, 2023 | 11 y | 0 |
| C•••••• R••••• R••• | San Antonio, Tx | Oct 6, 2023 | 13 y | 0 |
| A•••••••• J••• R•••••••Chartered Financial Analyst | San Antonio, Tx | Feb 27, 2024 | 10 y | 1 |
| B•••••• M•••••• S•••• | San Antonio, Tx | Apr 30, 2025 | 12 y | 1 |
| K••• A••• B•••• | San Antonio, Tx | Nov 24, 2025 | 13 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 headcount1 left over 36 months
Left, latest
- D••••• E•••••• O••••• to V•••••• C•••••• M••••••••• I•••Apr 7, 2025 · Other
- T•••• J•••• M••••• to C•••••••• I••••••••• R••••••• A•••••••• I•••Dec 9, 2021 · Other
- E••• M•••••• G••••••• to S•••••• W••••• M••••••••• L••Aug 23, 2021 · Other
- L••• R•••••• A••••• to N••••• A•••• M••••••••• L••Mar 25, 2021 · Other
- V•••• M•••••• A••••• to R••••• H••••••• I•••••••••Feb 3, 2021 · Other
- H••••• W•••• C•••••• to T•••• A•••• M•••••••••Feb 3, 2021 · Other
- J•••• M••••••• to E••••• J••••Jul 1, 2019 · Other
- J•••••• D•••••• W••••• to E•••••• F•••••••• E••••••May 15, 2018 · Other
- A••••• E••••• R•••••• to P•••••••• F•••••••• P•••••••• L••Aug 14, 2017 · Other
- M•••••• J••••• C•••••• to F•••• I••••••••• S•••••••Dec 31, 2016 · Other
- S••••• K•• G•••••• to M•• W••••• M•••••••••Dec 31, 2016 · Other
- D•••• J••••• F••• to P••• S••••• C•••••• M••••••••• L••Dec 31, 2016 · Other
- M•••••• A••••• T••••••• to F•••• I••••••••• S•••••••Dec 31, 2016 · Other
Joined, latest
- B•••••• M•••••• S•••• from C•••••• C••••• G••••• I•••Apr 30, 2025 · Other
- A•••••••• J••• R••••••• from C•••••• C••••• G••••• I•••Feb 27, 2024 · Other
- T•••• J•••• M••••• from C•••••• C••••• G••••• I•••Sep 1, 2020 · Other
- R••• M•••••• S•••••• from U••• F•••••••• P••••••• S•••••••Feb 20, 2018 · Other
- J•••••• D•••••• W••••• from R•••••• I•••••••••Sep 12, 2017 · Other
- J•••• M••••••• from F•••• C•••••• A••••••• S•••••••Aug 29, 2017 · Other
- J••••••• M•••• W•••• from M•••• C•••••• M••••••••• L••Mar 9, 2017 · Other
- H••••• W•••• C•••••• from T•• P••••••••• L••Jan 30, 2015 · Other
- C••••••••• M•••••• C••• from P••••••• F•••••••• S•••••••• I•••May 27, 2014 · Other
- F••••••• E•••••••• V••••• from B••• O• A•••••• I••••••••• S•••••••• I•••May 30, 2012 · Other
- M•••••• A••••• T••••••• from H••••• C•••••• M••••••••• I••Aug 19, 2011 · Other
- R••••• D••• P•••••• from C••••••• S••••• I••••••••• M•••••••••Sep 9, 2010 · Other
- T•••••• P••• A••••• from A•• C•••••• M••••••••• L••Jan 15, 2009 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for F•••• I••••••••• S•••••••Dec 31, 2016 · San Antonio, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- A••••••• A•••• R••••• · Senior R••••••• Analyst / Senior Fund Managercontrolsince 01/2019 · owns less than 5%
- A•••••• T••••••• P••• · Manager / Managing Director /Product Development And Asset Allocationcontrolsince 11/2008 · owns less than 5%
- B•••••• M••••••• D••• · Managercontrolsince 01/2017 · owns less than 5%
- E••••••• J••••••• A• · Managing Director / Director Of Fixed Income / Senior Fund Manager / Co-Ciocontrolsince 02/2008 · owns less than 5%
- H••••••• J•••••• J• · National Sales Managercontrolsince 05/2023 · owns less than 5%
- L•••• W••••••• J••• · Director Of Equities / Senior Fund Manager / Senior R••••••• Analystcontrolsince 05/2023 · owns less than 5%
- M•••••• M•••• M••••• · President / Manager / Managing Director/Ciocontrolsince 02/2021 · owns less than 5%
- M•••••• M••••••• W•••• · Managercontrolsince 04/2016 · owns less than 5%
- P••••••• R•••••• D••• · Secretarycontrolsince 08/2021 · owns less than 5%
- R•••••• C•••••••• E••• · Managercontrolsince 10/2021 · owns less than 5%
- S••••••• C••••• J••• · Managercontrolsince 02/2021 · owns less than 5%
- W•••••• K•••••• · Managercontrolsince 01/2024 · owns less than 5%
Entity owners
- F•••• B••• · Parent Corporation / Managing Memberdirect · owns 75% or more
- C••••••••• B••••••• I••• · Parent Corporationindirect · owns 75% or more of F•••• B••• · public reporting company
Related persons
Schedule D 7.A
- F•••• B•••custodiany
- F•••• B•••••••• S•••••••• I•••broker-dealern
- F•••• I•••••••• A•••••• I•••real estaten
- F•••• I••••••••• S•••••••investment advisernRAUM $3.7B
Advisers that list F•••• I••••••••• A•••••••• L•• as a related person
- 286129 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| San Antonio, Tx · principal | 27 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- BD registered reps · 0 to 4Oct 21, 2025 to Mar 24, 2026
- Discretionary RAUM · $5.4B to $5.4BOct 21, 2025 to Mar 24, 2026
- RAUM · $5.4B to $5.4BOct 21, 2025 to Mar 24, 2026
- Accounts · 11 to 10Mar 28, 2025 to Oct 21, 2025
- Advisory employees · 30 to 31Mar 28, 2025 to Oct 21, 2025
- Discretionary RAUM · $5.1B to $5.4BMar 28, 2025 to Oct 21, 2025
- RAUM · $5.1B to $5.4BMar 28, 2025 to Oct 21, 2025
- Advisory employees · 29 to 30Oct 8, 2024 to Mar 28, 2025
- Employees · 30 to 31Oct 8, 2024 to Mar 28, 2025
- Financial planning clients · unset to Oct 8, 2024 to Mar 28, 2025
- Discretionary RAUM · $4.9B to $5.1BOct 8, 2024 to Mar 28, 2025
- RAUM · $4.9B to $5.1BOct 8, 2024 to Mar 28, 2025
- Accounts · 13 to 11Mar 28, 2024 to Oct 8, 2024
- Pension plan clients · 1 to 0Mar 28, 2024 to Oct 8, 2024
- Discretionary RAUM · $4.2B to $4.9BMar 28, 2024 to Oct 8, 2024
- Pension RAUM · 6441066.0 to unsetMar 28, 2024 to Oct 8, 2024
- RAUM · $4.2B to $4.9BMar 28, 2024 to Oct 8, 2024
- Accounts · 15 to 13Jun 5, 2023 to Mar 28, 2024
- Advisory employees · 28 to 29Jun 5, 2023 to Mar 28, 2024
- HNW clients · 1 to 0Jun 5, 2023 to Mar 28, 2024
- Individual clients · 1 to 0Jun 5, 2023 to Mar 28, 2024
- State-registered IARs · 25 to 26Jun 5, 2023 to Mar 28, 2024
- Discretionary RAUM · $3.9B to $4.2BJun 5, 2023 to Mar 28, 2024
- HNW RAUM · $8.3M to $0Jun 5, 2023 to Mar 28, 2024
- Individual RAUM · $1.0M to $0Jun 5, 2023 to Mar 28, 2024
- Pension RAUM · $7.0M to $6.4MJun 5, 2023 to Mar 28, 2024
- RAUM · $3.9B to $4.2BJun 5, 2023 to Mar 28, 2024
- Accounts · 34 to 15Mar 21, 2022 to Mar 28, 2023
- Advisory employees · 27 to 28Mar 21, 2022 to Mar 28, 2023
- Corporate clients · 3 to 1Mar 21, 2022 to Mar 28, 2023
- HNW clients · 2 to 1Mar 21, 2022 to Mar 28, 2023
- Individual clients · 6 to 1Mar 21, 2022 to Mar 28, 2023
- Employees · 34 to 30Mar 21, 2022 to Mar 28, 2023
- State-registered IARs · 24 to 25Mar 21, 2022 to Mar 28, 2023
- Discretionary RAUM · $5.0B to $3.9BMar 21, 2022 to Mar 28, 2023
- HNW RAUM · $40.7M to $8.3MMar 21, 2022 to Mar 28, 2023
- Individual RAUM · $17.2M to $1.0MMar 21, 2022 to Mar 28, 2023
- Pension RAUM · $8.7M to $7.0MMar 21, 2022 to Mar 28, 2023
- RAUM · $5.0B to $3.9BMar 21, 2022 to Mar 28, 2023
- Advisory employees · 24 to 27Dec 17, 2021 to Mar 21, 2022
Signals
15 dated events
- D••••• E•••••• O••••• left F•••• I••••••••• A•••••••• L•• for V•••••• C•••••• M••••••••• I••• (registered 2025-05-29)Apr 7, 2025 · Advisor changed firm · fact
- Kenneth Wilson (Manager) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Mar 28, 2024 · Control person joined · fact
- Bridge Patrick Frost (Manager) no longer on Schedule A of F•••• I••••••••• A•••••••• L•• (listed 2023-06-05, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- J Justin Hopkins (National Sales Manager) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Jun 5, 2023 · Control person joined · fact
- John William Lutz (Director Of Equities / Senior Fund Manager / Senior Research Analyst) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Jun 5, 2023 · Control person joined · fact
- Garcia Margaret Velasquez (Sales Support Manager) no longer on Schedule A of F•••• I••••••••• A•••••••• L•• (listed 2022-03-21, absent 2023-03-28)Mar 28, 2023 · Control person left · inference
- E••• C••••••• R••••• (Manager) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Dec 17, 2021 · Control person joined · fact
- L••••• J•••• W••••• (Manager) no longer on Schedule A of F•••• I••••••••• A•••••••• L•• (listed 2021-03-02, absent 2021-07-21)Jul 21, 2021 · Control person left · inference
- J••• C•••• S•••••• (Manager) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Mar 2, 2021 · Control person joined · fact
- Marlin Mace Mccain (President / Manager / Managing Director) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Mar 2, 2021 · Control person joined · fact
- Lynn Tom Stringfellow (President / Cio / Manager / Managing Director) no longer on Schedule A of F•••• I••••••••• A•••••••• L•• (listed 2020-06-18, absent 2021-03-02)Mar 2, 2021 · Control person left · inference
- Garcia Margaret Velasquez (Sales Support Manager) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Oct 2, 2019 · Control person joined · fact
- Robert Alan Adelman (Senior Research Analyst / Senior Fund Manager) appeared on Schedule A of F•••• I••••••••• A•••••••• L••Oct 2, 2019 · Control person joined · fact
- M•••••• Vance Arnold (Managing Director / Institutional Sales) no longer on Schedule A of F•••• I••••••••• A•••••••• L•• (listed 2019-06-24, absent 2019-10-02)Oct 2, 2019 · Control person left · inference
- Wayne Harold Clemons (Managing Director / National Sales Manager) no longer on Schedule A of F•••• I••••••••• A•••••••• L•• (listed 2019-06-24, absent 2019-10-02)Oct 2, 2019 · Control person left · inference
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
- F••••INV.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 210-220-5070reportedpublic record, Form ADV, Mar 24, 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
- $199Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026