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.

Former SEC-registered adviser

Empowerment Financial Group

Former SEC-registered adviserScottsdale, ArizonaCRD 152203SEC 801-111676IAPD
Legal name Tfi Portfolios, LLC
Latest filing Jan 6, 2022
First filing on the tape Aug 15, 2017 · 17 filings
RAUM
$158M
reported, Item 5.F
Discretionary
62%
of RAUM
Private clients
98%
$155M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$158M as of Jan 6, 2022
Jan 19, 2018$133M then
HNW client RAUM$110M as of Jan 6, 2022
Jan 19, 2018$107M then
State-registered IARs (5.B.3)1 as of Jan 6, 2022
Jan 19, 20183 then
Employees (5.A)1 as of Jan 6, 2022
Jan 19, 20183 then
Private funds: no history
RAUM +20% over the last fiscal year+5.5% a year over threeIARs 2 to 1
Practice profile
derived from the filing of Jan 6, 2022; every figure names its basis
RAUM per advisor
$158MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
175derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$504,153derivedRAUM over accounts (5.F.2.f)
Discretionary
62%derivedof RAUM
Institutional
1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
-50%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.2%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 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)
  • 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 securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$110M70%
  • Individuals$45.1M29%
  • Pension and profit-sharing plans$2.7M1.7%
Individual clients
145reported
HNW clients
30reported
Pension plan clients
3reported
Charitable clients
n/areported
Accounts
313reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Joseph Mark Langerman · Chief Executive Officer/Chief Compliance Officercontrol
    since 11/2009 · owns less than 5%
  • Randall Todd Walsh · Managing Membercontrol
    since 10/2012 · owns 75% or more of Alpha Cubed Investments, LLC
Entity owners
  • Alpha Cubed Investments, LLC · Owns 1005 Of Empowerment Financial Group
    direct · owns 75% or more
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 331 to 313
    Nov 5, 2021 to Jan 6, 2022
  • HNW clients · 28 to 30
    Nov 5, 2021 to Jan 6, 2022
  • Individual clients · 140 to 145
    Nov 5, 2021 to Jan 6, 2022
  • Discretionary RAUM · $82.0M to $97.7M
    Nov 5, 2021 to Jan 6, 2022
  • HNW RAUM · $55.0M to $110M
    Nov 5, 2021 to Jan 6, 2022
  • Individual RAUM · $75.0M to $45.1M
    Nov 5, 2021 to Jan 6, 2022
  • Non-discretionary RAUM · $50.0M to $60.1M
    Nov 5, 2021 to Jan 6, 2022
  • Pension RAUM · $2.0M to $2.7M
    Nov 5, 2021 to Jan 6, 2022
  • RAUM · $132M to $158M
    Nov 5, 2021 to Jan 6, 2022
  • Advisory employees · 2 to 1
    Mar 15, 2021 to Nov 5, 2021
  • Employees · 2 to 1
    Mar 15, 2021 to Nov 5, 2021
  • State-registered IARs · 2 to 1
    Mar 15, 2021 to Nov 5, 2021
  • Accounts · 279 to 331
    Dec 15, 2020 to Mar 15, 2021
  • HNW clients · 30 to 28
    Dec 15, 2020 to Mar 15, 2021
  • Individual clients · 92 to 140
    Dec 15, 2020 to Mar 15, 2021
  • Assets in custody · $270,000 to $300,000
    Dec 15, 2020 to Mar 15, 2021
  • Discretionary RAUM · $135M to $82.0M
    Dec 15, 2020 to Mar 15, 2021
  • HNW RAUM · $55.4M to $55.0M
    Dec 15, 2020 to Mar 15, 2021
  • Individual RAUM · $77.6M to $75.0M
    Dec 15, 2020 to Mar 15, 2021
  • Non-discretionary RAUM · $33,000 to $50.0M
    Dec 15, 2020 to Mar 15, 2021
  • Pension RAUM · $2.0M to $2.0M
    Dec 15, 2020 to Mar 15, 2021
  • RAUM · $135M to $132M
    Dec 15, 2020 to Mar 15, 2021
  • Advisory employees · 3 to 2
    Jun 25, 2020 to Dec 15, 2020
  • Employees · 3 to 2
    Jun 25, 2020 to Dec 15, 2020
  • State-registered IARs · 3 to 2
    Jun 25, 2020 to Dec 15, 2020
  • Advisory employees · 2 to 3
    Jan 31, 2020 to Apr 20, 2020
  • Employees · 2 to 3
    Jan 31, 2020 to Apr 20, 2020
  • State-registered IARs · 2 to 3
    Jan 31, 2020 to Apr 20, 2020
  • Accounts · 292 to 279
    Dec 20, 2019 to Jan 31, 2020
  • Charity clients · 1.0 to unset
    Dec 20, 2019 to Jan 31, 2020
  • HNW clients · 29 to 30
    Dec 20, 2019 to Jan 31, 2020
  • Individual clients · 94 to 92
    Dec 20, 2019 to Jan 31, 2020
  • Assets in custody · $265,000 to $270,000
    Dec 20, 2019 to Jan 31, 2020
  • Discretionary RAUM · $141M to $135M
    Dec 20, 2019 to Jan 31, 2020
  • HNW RAUM · $117M to $55.4M
    Dec 20, 2019 to Jan 31, 2020
  • Individual RAUM · $21.7M to $77.6M
    Dec 20, 2019 to Jan 31, 2020
  • Non-discretionary RAUM · $0 to $33,000
    Dec 20, 2019 to Jan 31, 2020
  • Pension RAUM · $2.4M to $2.0M
    Dec 20, 2019 to Jan 31, 2020
  • RAUM · $141M to $135M
    Dec 20, 2019 to Jan 31, 2020
  • Accounts · 287 to 292
    Mar 18, 2019 to Dec 20, 2019
Signals
3 dated events
  • Doni Lea Langston left Empowerment Financial Group for Alpha Cubed Investments, Llc (registered 2022-04-06)
    Mar 7, 2022 · Advisor changed firm · fact
  • Mark Joseph Langerman left Empowerment Financial Group for Ascendant Advisors, Llc (registered 2012-02-28)
    Mar 7, 2022 · Advisor changed firm · fact
  • Empowerment Financial Group filed its initial SEC registration (Form ADV)
    Aug 15, 2017 · 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.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026