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

Cabana Asset Management

Asset manager (funds and pooled vehicles)Fayetteville, ArkansasCRD 151418SEC 801-108439website IAPD

Legal name Cabana LLC

Latest filing Sep 14, 2026

First filing on the tape Sep 15, 2016 · 53 filings

SEC status approved since Sep 30, 2016

RAUM

$472M

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$157M

derived; firm RAUM over IAPD count

Employees

5 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

53 filings and snapshots on the tape

RAUM$472M as of Aug 12, 2026

Mar 29, 2017$89.0M then

HNW client RAUM$43.6M as of Dec 24, 2025

Mar 8, 2018$39.3M then

State-registered IARs (5.B.3)3 as of Aug 12, 2026

Mar 29, 201713 then

Employees (5.A)6 as of Aug 12, 2026

Mar 29, 201716 then

Private funds1 as of Mar 31, 2023

Mar 31, 20201 then

RAUM n/a over the last fiscal year-32% a year over three

Practice profile

derived from the filing of Sep 14, 2026; every figure names its basis

RAUM per advisor: $157MderivedRAUM 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: $157MderivedRAUM 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: 1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year: unknownderivedbetween 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 pooled vehicles, portfolio management for investment companies, pension consulting, otherreportedItem 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)
marketing includes hypothetical performance (5.L.3)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Investment companies$248M53%
Pooled investment vehicles$224M47%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 3reported
Financial planning clients: n/areported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUMreported
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

3 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Louis Abraham Shaff	Fayetteville, Ar	Aug 6, 2012	14 y	0
George Chaddwick Mason	Fayetteville, Ar	Jan 4, 2013	33 y	1
Michelle Lynn Alsobrook	Lowell, Ar	Jan 1, 2025	21 y	1

Advisor movement

3 left, 0 joined in 12 months

net -3 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 100% of current headcount4 left over 36 months

Left, latest

Ian James Scobie to Signal Advisors Wealth, LLC
Dec 24, 2025 · Other
Patrick Sean Scobie to Signal Advisors Wealth, LLC
Dec 24, 2025 · Other
Taylor Murphy Woodard to Luxon Brown
Oct 21, 2025 · Other
Christopher Mark Magann to Luxon Brown
Dec 12, 2024 · RIA to a state-registered adviser
Daniel Ray Snover to Pmv Capital Advisers, LLC
Jul 7, 2020 · RIA to RIA
Kelly Suzanne Majdan to World Investment Advisors, LLC
Jun 14, 2019 · RIA to affiliated broker-dealer or bank
Nikifor Alexandrov Paunov to Merrill Lynch, Pierce, Fenner & Smith Incorporated
Jun 1, 2018 · RIA to wirehouse
David Mersky to First Affirmative Financial Network LLC
Aug 31, 2017 · Other
Thomas Norman Zirbel to Prospera Financial Services, Inc.
Jun 11, 2014 · Other

Joined, latest

Michelle Lynn Alsobrook from Merrill Lynch, Pierce, Fenner & Smith Incorporated
Jan 1, 2025 · Wirehouse to independent RIA
Christopher Mark Magann from Magann Captial Corp.
Dec 13, 2018 · Other
Kelly Suzanne Majdan from Kestra Advisory Services, LLC
Sep 20, 2018 · Affiliated broker-dealer or bank to independent RIA
Nikifor Alexandrov Paunov from Trax Advisors Plc
Feb 2, 2016 · Other
David Mersky from Horter Investment Management, LLC
Nov 5, 2015 · Other
Thomas Norman Zirbel from LPL Financial LLC
Feb 21, 2014 · Other
George Chaddwick Mason from Cabana, LLC
Jan 4, 2013 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 left for Signal Advisors Wealth, LLC
Dec 24, 2025 · Denver, Co

Teams out Teams in

Private funds

1 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
Cabana Black Fund, L.P.	Hedge Fund	$3.1M	9	Mar 31, 2020

Owners and control persons

Schedule A and B, latest filing

Lloyd Christopher Carns · Coocontrol
since 05/2017 · owns less than 5%
Chaddwick George Mason · Ceocontrol
since 09/2005 · owns less than 5%
Ashok Albert Moore · Chief Compliance Officercontrol
since 02/2023 · owns less than 5%
Abraham Louis Shaff · Cfocontrol
since 05/2017 · owns less than 5%
Lloyd Christopher Carns · Board Membercontrol
since 03/2021 · owns F of The Cabana Group, LLC
Chaddwick George Mason · Board Membercontrol
since 06/2020 · owns F of The Cabana Group, LLC
Panagiotis Papamichalopoulos · Board Membercontrol
since 05/2022 · owns F of The Cabana Group, LLC
E James Ross · Board Membercontrol
since 06/2020 · owns F of The Cabana Group, LLC
Abraham Louis Shaff · Board Membercontrol
since 06/2020 · owns F of The Cabana Group, LLC

Entity owners

The Cabana Group, LLC · Managing Member
direct · owns 75% or more
Corient US Holdings, LLC · Member
indirect · owns 25% to 50% of The Cabana Group, LLC

Related persons

Schedule D 7.A

Cabana Financial LLC
real estaten
Cabana Law Group, Pllc
n
Hesse, Hesse & Blythe, Pc
n
Patrick S. Scobie, P.C.
n
Scruggs Ridge & Company, Cpas Pa
insurancen
The Mazzanti Firm
n

Advisers that list Cabana Asset Management as a related person

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Left	Teams out
Fayetteville, Ar · principal	3	0
Denver, Co	0	2	1
Little Rock, Ar	0	0
Ocoee, Fl	0	1

Offices

Schedule D 1.F, the 25 largest

Plano, TX6 employees
Denver, CO2 employees
Little Rock, AR2 employees

ADV anomalies

1 against comparable advisers; where to look, not conclusions

very high RAUM per advisorStatic outlier · filing Sep 14, 2026
RAUM per registered advisor of $157,255,000 against a peer median of $50,432,065 (81 comparable advisers, 99.0th percentile, 3.2 robust deviations)
peers: asset managers, $100M to $500M (81) · 99% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Financial planning clients · to unset
Aug 12, 2026 to Sep 14, 2026
Succession · false to unset
Aug 12, 2026 to Sep 14, 2026
Accounts · 425 to 3
Dec 24, 2025 to Mar 30, 2026
Advisory employees · 15 to 5
Dec 24, 2025 to Mar 30, 2026
Advisory activities · 6 to 4
Dec 24, 2025 to Mar 30, 2026
HNW clients · 16.0 to unset
Dec 24, 2025 to Mar 30, 2026
Individual clients · 197.0 to unset
Dec 24, 2025 to Mar 30, 2026
Pooled vehicle clients · unset to 2.0
Dec 24, 2025 to Mar 30, 2026
Assets in custody · 69902000.0 to unset
Dec 24, 2025 to Mar 30, 2026
Custody of client assets · true to false
Dec 24, 2025 to Mar 30, 2026
Employees · 17 to 6
Dec 24, 2025 to Mar 30, 2026
Insurance-licensed employees · 4 to 3
Dec 24, 2025 to Mar 30, 2026
Financial planning clients · 1-10 to
Dec 24, 2025 to Mar 30, 2026
State-registered IARs · 13 to 3
Dec 24, 2025 to Mar 30, 2026
Discretionary RAUM · $577M to $472M
Dec 24, 2025 to Mar 30, 2026
HNW RAUM · 43608000.0 to unset
Dec 24, 2025 to Mar 30, 2026
Individual RAUM · 38076000.0 to unset
Dec 24, 2025 to Mar 30, 2026
Pooled vehicle RAUM · unset to 224073000.0
Dec 24, 2025 to Mar 30, 2026
RAUM · $577M to $472M
Dec 24, 2025 to Mar 30, 2026
Related insurance company · true to false
Dec 24, 2025 to Mar 30, 2026
Other offices · 3 to 1
Oct 8, 2025 to Dec 24, 2025
Accounts · 656 to 425
May 1, 2025 to Oct 8, 2025
Advisory activities · 5 to 6
May 1, 2025 to Oct 8, 2025
HNW clients · 24 to 16
May 1, 2025 to Oct 8, 2025
Individual clients · 298 to 197
May 1, 2025 to Oct 8, 2025
Assets in custody · $91.5M to $69.9M
May 1, 2025 to Oct 8, 2025
Discretionary RAUM · $614M to $577M
May 1, 2025 to Oct 8, 2025
HNW RAUM · $65.7M to $43.6M
May 1, 2025 to Oct 8, 2025
Individual RAUM · $64.9M to $38.1M
May 1, 2025 to Oct 8, 2025
RAUM · $614M to $577M
May 1, 2025 to Oct 8, 2025
Related broker-dealer · true to false
May 1, 2025 to Oct 8, 2025
Individual clients · 324 to 298
Mar 26, 2024 to May 1, 2025
Accounts · 749 to 656
Mar 26, 2024 to May 1, 2025
Advisory employees · 17 to 15
Mar 26, 2024 to May 1, 2025
Advisory activities · 6 to 5
Mar 26, 2024 to May 1, 2025
HNW clients · 36 to 24
Mar 26, 2024 to May 1, 2025
Assets in custody · $63.9M to $91.5M
Mar 26, 2024 to May 1, 2025
Employees · 22 to 17
Mar 26, 2024 to May 1, 2025
Insurance-licensed employees · 0 to 4
Mar 26, 2024 to May 1, 2025
Financial planning clients · 1-10 to 1-10
Mar 26, 2024 to May 1, 2025

Signals

21 dated events

Cabana Asset Management reported 3 state-registered advisory representatives, down from 13 (2025-12-24 to 2026-03-30)
Mar 30, 2026 · Advisor headcount change · derived
Patrick Sean Scobie left Cabana Asset Management for Signal Advisors Wealth, Llc (registered 2026-02-02)
Dec 24, 2025 · Advisor changed firm · fact
Ian James Scobie left Cabana Asset Management for Signal Advisors Wealth, Llc (registered 2026-01-21)
Dec 24, 2025 · Advisor changed firm · fact
2 advisors left Cabana Asset Management (Denver, CO) for Signal Advisors Wealth, LLC on the same day
Dec 24, 2025 · Team lift-out · derived
Taylor Murphy Woodard left Cabana Asset Management for Luxon Brown (registered 2026-01-12)
Oct 21, 2025 · Advisor changed firm · fact
Christopher Mark Magann left Cabana Asset Management for Luxon Brown (registered 2025-02-28)
Dec 12, 2024 · Advisor changed firm · fact
Cabana Asset Management reported RAUM $738.6M, down 50% from $1.5B (2023-03-31 to 2024-03-26)
Mar 26, 2024 · RAUM change · derived
Cabana Asset Management reported RAUM $1.5B, down 41% from $2.5B (2022-10-07 to 2023-03-31)
Mar 31, 2023 · RAUM change · derived
Ashok Albert Moore (Chief Compliance Officer) appeared on Schedule A of Cabana Asset Management
Mar 31, 2023 · Control person joined · fact
Panagiotis Papamichalopoulos (Board Member) appeared on Schedule A of Cabana Asset Management
Mar 31, 2023 · Control person joined · fact
David Poster (Board Member) no longer on Schedule A of Cabana Asset Management (listed 2022-10-07, absent 2023-03-31)
Mar 31, 2023 · Control person left · inference
Kenneth Steven Weiss (Chief Compliance Officer) no longer on Schedule A of Cabana Asset Management (listed 2022-10-07, absent 2023-03-31)
Mar 31, 2023 · Control person left · inference
Cabana Asset Management reported RAUM $2.1B, up 60% from $1.3B (2021-09-23 to 2021-11-17)
Nov 17, 2021 · RAUM change · derived
Giuseppe Daniel Ippolito (Chief Compliance Officer) no longer on Schedule A of Cabana Asset Management (listed 2020-12-21, absent 2021-03-11)
Mar 11, 2021 · Control person left · inference
Kenneth Steven Weiss (Chief Compliance Officer) appeared on Schedule A of Cabana Asset Management
Mar 11, 2021 · Control person joined · fact
Lloyd Christopher Carns (Coo) appeared on Schedule A of Cabana Asset Management
Jul 15, 2020 · Control person joined · fact
E James Ross (Board Member) appeared on Schedule A of Cabana Asset Management
Jul 15, 2020 · Control person joined · fact
David Poster (Board Member) appeared on Schedule A of Cabana Asset Management
Jul 15, 2020 · Control person joined · fact
Cabana Asset Management reported RAUM $872.8M, up 36% from $640.7M (2019-04-26 to 2019-07-08)
Jul 8, 2019 · RAUM change · derived
Cabana Asset Management reported RAUM $410.5M, up 36% from $301.2M (2017-11-07 to 2018-03-08)
Mar 8, 2018 · RAUM change · derived
Cabana Asset Management filed its initial SEC registration (Form ADV)
Sep 15, 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

Firm profile: linkedin.com/company/thecabanagroupreportedpublic record, Form ADV, Sep 17, 2026
Firm profile: linkedin.com/company/cabana-etfsreportedpublic record, Form ADV, Sep 17, 2026
Website: thecabanagroup.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone: 479-442-6464reportedpublic record, Form ADV, Sep 14, 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: $157Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026