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

T••• T••• M••••••••• L•

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 149548SEC 801-73138IAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 1, 2012 · 24 filings
SEC status approved since Mar 2, 2012
RAUM
$1.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$730M
derived; firm RAUM over IAPD count
Employees
8
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.5B as of Mar 31, 2026
Mar 13, 2013$253M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 13, 20133 then
Employees (5.A)8 as of Mar 31, 2026
Mar 13, 20135 then
Private funds1 as of Mar 31, 2026
Mar 13, 20131 then
RAUM -80% over the last fiscal year-37% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$730MderivedRAUM 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
$486MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-80%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
$1.5B, 3 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
  • 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$1.5B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$1.5B for 3 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=true bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M•••••• E••••• P••••••Dallas, TxMay 5, 200917 y0
J•• M•••••• G••••••••Chartered Financial AnalystDallas, TxApr 12, 201121 y0
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
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • P••••••• M••••••• E••••• · Managing Partnercontrol
        since 01/2009 · owns 50% to 75%
      • P••••••• M••••••• E••••• · Membercontrol
        since 01/2009 · owns 75% or more of T••• T••• C•••••• M••••••••• L••
      • C•••••• J•• · Chief Compliance Officer And Chief Financial Officer
        since 10/2010 · owns less than 5%
      • G••••••••• J••• M•••••• · Limited Partner
        since 10/2009 · owns 5% to 10%
      • S•••••• J•••• S••••• · Limited Partner
        since 01/2009 · owns 10% to 25%
      • W••••••••• J•••• S• · Limited Partner
        since 07/2009 · owns 10% to 25%
      Entity owners
      • T••• T••• C•••••• M••••••••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • T••• T••• O••••••• M••••••••• I•••
        bankpooled vehicle sponsorn
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Dallas, Tx · principal200
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • employee count dropChange between filings · filing Mar 31, 2026
        employees (Item 5.A) moved from 14.0 to 8.0 (-43.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (1109 comparable advisers, 1.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,109) · 1.3% percentile
      • RAUM down 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $7,393,800,899 to $1,459,446,923 (-80.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +11.0% (1368 comparable advisers, 0.0th percentile of changes)
        peers: asset managers, $1B to $5B (1,368) · 0.2% percentile
      Data quality: the 2026-03-31 holdings report shows $4,748,865,877 across 1240 positions while Form ADV reports RAUM of $1,459,446,923 (3.3x); one of the two is misfiled, misattributed or in the wrong unit
      What changed
      consecutive filings, newest first
      • Accounts · 6 to 3
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 10 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 6 to 3
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $7.4B to $1.5B
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 14 to 8
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 2 to 1
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $7.4B to $1.5B
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $7.4B to $1.5B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $7.4B to $1.5B
        Mar 31, 2025 to Mar 31, 2026
      • Accounts · 3 to 6
        Sep 18, 2024 to Mar 31, 2025
      • Advisory employees · 8 to 10
        Sep 18, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 3 to 6
        Sep 18, 2024 to Mar 31, 2025
      • Assets in custody · $8.6B to $7.4B
        Sep 18, 2024 to Mar 31, 2025
      • Employees · 11 to 14
        Sep 18, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Sep 18, 2024 to Mar 31, 2025
      • Discretionary RAUM · $8.6B to $7.4B
        Sep 18, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $8.6B to $7.4B
        Sep 18, 2024 to Mar 31, 2025
      • RAUM · $8.6B to $7.4B
        Sep 18, 2024 to Mar 31, 2025
      • Private funds · 1 to 2
        Mar 29, 2024 to Sep 18, 2024
      • Advisory employees · 6 to 8
        Mar 30, 2023 to Mar 29, 2024
      • Assets in custody · $5.8B to $8.6B
        Mar 30, 2023 to Mar 29, 2024
      • Employees · 8 to 11
        Mar 30, 2023 to Mar 29, 2024
      • Discretionary RAUM · $5.8B to $8.6B
        Mar 30, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $5.8B to $8.6B
        Mar 30, 2023 to Mar 29, 2024
      • RAUM · $5.8B to $8.6B
        Mar 30, 2023 to Mar 29, 2024
      • Assets in custody · $6.2B to $5.8B
        Mar 22, 2022 to Mar 30, 2023
      • Discretionary RAUM · $6.2B to $5.8B
        Mar 22, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $6.2B to $5.8B
        Mar 22, 2022 to Mar 30, 2023
      • RAUM · $6.2B to $5.8B
        Mar 22, 2022 to Mar 30, 2023
      • Accounts · 4 to 3
        Mar 23, 2021 to Mar 22, 2022
      • Pooled vehicle clients · 4 to 3
        Mar 23, 2021 to Mar 22, 2022
      • Assets in custody · $3.8B to $6.2B
        Mar 23, 2021 to Mar 22, 2022
      • Employees · 7 to 8
        Mar 23, 2021 to Mar 22, 2022
      • Private funds · 2 to 1
        Mar 23, 2021 to Mar 22, 2022
      • Discretionary RAUM · $3.8B to $6.2B
        Mar 23, 2021 to Mar 22, 2022
      • Pooled vehicle RAUM · $3.8B to $6.2B
        Mar 23, 2021 to Mar 22, 2022
      • RAUM · $3.8B to $6.2B
        Mar 23, 2021 to Mar 22, 2022
      • Assets in custody · $3.2B to $3.8B
        Mar 6, 2020 to Mar 23, 2021
      • Discretionary RAUM · $3.2B to $3.8B
        Mar 6, 2020 to Mar 23, 2021
      • Pooled vehicle RAUM · $3.2B to $3.8B
        Mar 6, 2020 to Mar 23, 2021
      Signals
      5 dated events
      • T••• T••• M••••••••• L• reported RAUM $1.5B, down 80% from $7.4B (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • T••• T••• M••••••••• L• reported RAUM $8.6B, up 50% from $5.8B (2023-03-30 to 2024-03-29)
        Mar 29, 2024 · RAUM change · derived
      • T••• T••• M••••••••• L• reported RAUM $6.2B, up 61% from $3.8B (2021-03-23 to 2022-03-22)
        Mar 22, 2022 · RAUM change · derived
      • T••• T••• M••••••••• L• reported RAUM $3.2B, up 32% from $2.4B (2019-03-21 to 2020-03-06)
        Mar 6, 2020 · RAUM change · derived
      • T••• T••• M••••••••• L• reported RAUM $2.4B, up 43% from $1.7B (2018-03-26 to 2019-02-28)
        Feb 28, 2019 · RAUM change · derived
      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
      Principal office phone
      214-979-2313reportedpublic record, Form ADV, Mar 31, 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
      $730Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026