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

P••••••• C••••••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 148791SEC 801-108047websiteIAPD
Legal name P••••••• M••••••••• L•
Latest filing Mar 30, 2026
First filing on the tape Jun 23, 2016 · 12 filings
SEC status approved since Jul 1, 2016
RAUM
$1.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$1.0B
derived; firm RAUM over IAPD count
Employees
5
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$1.0B as of Mar 30, 2026
Mar 29, 2017$247M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 30, 2026
Mar 29, 20171 then
Employees (5.A)5 as of Mar 30, 2026
Mar 29, 20173 then
Private funds2 as of Mar 30, 2026
Mar 29, 20172 then
RAUM +67% over the last fiscal year+43% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$1.0BderivedRAUM 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
$173MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+67%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$278M, 2 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
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$1.0B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$278M for 2 clientsreported
Compensation
% of AUM, performancereported
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
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
W•••••• L••••••• H••••••Chartered Financial AnalystDallas, TxJan 7, 201123 y1
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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      P••••••• P••• F•••• L•Hedge Fund$179M10Mar 29, 2017
      P••••••• F•••• L•Hedge Fund$76.9M29Jun 23, 2016
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••••• R•••• M•••••• · Chief Compliance Officer / Chief Operating Officercontrol
        since 06/2016 · owns less than 5%
      • H••••••• W••••••• L••••••• · Sole Member / Managing Partnercontrol
        since 10/2008 · owns 75% or more
      • H••••••• W••••••• L••••••• · Sole Member Of P••••••• Partners LLCcontrol
        since 11/2008 · owns 75% or more of P••••••• Partners LLC
      Entity owners
      • P••••••• P•••••••• L•• · General Partner Of P••••••• M••••••••• L•
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $209M to $278M
        Mar 27, 2025 to Mar 30, 2026
      • Discretionary RAUM · $621M to $1.0B
        Mar 27, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $621M to $1.0B
        Mar 27, 2025 to Mar 30, 2026
      • RAUM · $621M to $1.0B
        Mar 27, 2025 to Mar 30, 2026
      • Assets in custody · unset to 209411855.0
        Mar 27, 2024 to Mar 27, 2025
      • Custody of client assets · false to true
        Mar 27, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 27, 2025
      • Discretionary RAUM · $659M to $621M
        Mar 27, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $659M to $621M
        Mar 27, 2024 to Mar 27, 2025
      • RAUM · $659M to $621M
        Mar 27, 2024 to Mar 27, 2025
      • Accounts · 4 to 6
        Mar 27, 2023 to Mar 27, 2024
      • Pooled vehicle clients · 4 to 6
        Mar 27, 2023 to Mar 27, 2024
      • Discretionary RAUM · $355M to $659M
        Mar 27, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $355M to $659M
        Mar 27, 2023 to Mar 27, 2024
      • RAUM · $355M to $659M
        Mar 27, 2023 to Mar 27, 2024
      • Discretionary RAUM · $256M to $355M
        May 26, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $256M to $355M
        May 26, 2022 to Mar 27, 2023
      • RAUM · $256M to $355M
        May 26, 2022 to Mar 27, 2023
      • Accounts · 6 to 4
        Mar 26, 2021 to Mar 25, 2022
      • Pooled vehicle clients · 6 to 4
        Mar 26, 2021 to Mar 25, 2022
      • Discretionary RAUM · $330M to $256M
        Mar 26, 2021 to Mar 25, 2022
      • Pooled vehicle RAUM · $330M to $256M
        Mar 26, 2021 to Mar 25, 2022
      • RAUM · $330M to $256M
        Mar 26, 2021 to Mar 25, 2022
      • Discretionary RAUM · $409M to $330M
        Mar 27, 2020 to Mar 26, 2021
      • Pooled vehicle RAUM · $409M to $330M
        Mar 27, 2020 to Mar 26, 2021
      • RAUM · $409M to $330M
        Mar 27, 2020 to Mar 26, 2021
      • Other offices · 1 to 0
        Mar 28, 2019 to Mar 27, 2020
      • Discretionary RAUM · $372M to $409M
        Mar 28, 2019 to Mar 27, 2020
      • Pooled vehicle RAUM · $372M to $409M
        Mar 28, 2019 to Mar 27, 2020
      • RAUM · $372M to $409M
        Mar 28, 2019 to Mar 27, 2020
      • Accounts · 3 to 6
        Mar 28, 2018 to Mar 28, 2019
      • Advisory employees · 4 to 5
        Mar 28, 2018 to Mar 28, 2019
      • Pooled vehicle clients · 3 to 6
        Mar 28, 2018 to Mar 28, 2019
      • Employees · 4 to 5
        Mar 28, 2018 to Mar 28, 2019
      • Discretionary RAUM · $313M to $372M
        Mar 28, 2018 to Mar 28, 2019
      • Pooled vehicle RAUM · $313M to $372M
        Mar 28, 2018 to Mar 28, 2019
      • RAUM · $313M to $372M
        Mar 28, 2018 to Mar 28, 2019
      • Advisory employees · 3 to 4
        Mar 29, 2017 to Mar 28, 2018
      • Pooled vehicle clients · unset to 3.0
        Mar 29, 2017 to Mar 28, 2018
      • Employees · 3 to 4
        Mar 29, 2017 to Mar 28, 2018
      Signals
      3 dated events
      • P••••••• C•••••• reported RAUM $1.0B, up 67% from $620.9M (2025-03-27 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • P••••••• C•••••• reported RAUM $658.7M, up 85% from $355.4M (2023-03-27 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • P••••••• C•••••• filed its initial SEC registration (Form ADV)
        Jun 23, 2016 · 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
      p•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      (214) 468-0008reportedpublic 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
      $1.0Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026