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

Covenant

Former SEC-registered adviserSan Antonio, TexasCRD 152651SEC 801-71043IAPD
Legal name Covenant Multi-Family Offices, LLC
Latest filing Sep 29, 2021
First filing on the tape Feb 24, 2012 · 43 filings
RAUM
$2.1B
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
98%
$2.0B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
38
20 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
1
$13.3M gross assets
History
43 filings and snapshots on the tape
RAUM$2.1B as of Mar 26, 2021
Feb 24, 2012$1.1B then
HNW client RAUM$1.8B as of Mar 26, 2021
Mar 27, 2018$1.4B then
State-registered IARs (5.B.3)17 as of Mar 26, 2021
Mar 28, 201312 then
Employees (5.A)38 as of Mar 26, 2021
Mar 28, 201323 then
Private funds1 as of Mar 26, 2021
Feb 24, 20121 then
RAUM +13% over the last fiscal year+11% a year over threeIARs 17 to 17offices 7 to 5
Practice profile
derived from the filing of Sep 29, 2021; every figure names its basis
RAUM per advisor
$121MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
31derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$8.7MderivedHNW RAUM over HNW clients
Average account
$1.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
0.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.2derivedItem 5.A over advisors
Advisors per office
2.8derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.2%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
Financial planning clients
500reportedItem 5.H
Wrap fee program
$1.2BreportedItem 5.I
Custody
$2.1B, 395 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.8B89%
  • Individuals$181M8.8%
  • Corporations and businesses$27.2M1.3%
  • Charitable organizations$10.9M0.5%
  • Pension and profit-sharing plans$6.1M0.3%
  • Other investment advisers$406,7020.0%
Individual clients
315reported
HNW clients
210reported
Pension plan clients
5reported
Charitable clients
7reported
Accounts
1,889reported
Financial planning clients
500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$2.1B for 395 clientsreported
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Admiral Covenant Academy, LPPrivate Equity Fund$13.3M2Feb 24, 2012
Owners and control persons
Schedule A and B, latest filing
  • Dean Barron Beal · Membercontrol
    since 10/2012 · owns 10% to 25%
  • [Nmi] Kristina Craig · Chief Compliance Officer, Cfocontrol
    since 01/2015 · owns less than 5%
  • Duggan John Eadie · Managing Membercontrol
    since 11/2009 · owns 50% to 75%
  • Joseph Justin Pawl · Chief Investment Officercontrol
    since 08/2012 · owns 5% to 10%
  • Joseph Karl Eggerss · Membercontrol
    since 01/2010 · owns F of Kreske Holdings, Inc.
  • Earl Edward Whitacre · Member
    since 02/2010 · owns 10% to 25%
Entity owners
  • Kreske Holdings, Inc. · Member
    direct · owns 5% to 10%
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
  • Boerne, TX5 employees
  • Dallas, TX3 employees
  • Oklahoma City, OK3 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Related adviser · false to true
    Jul 27, 2021 to Sep 29, 2021
  • Related broker-dealer · false to true
    Jul 27, 2021 to Sep 29, 2021
  • Accounts · 1,764 to 1,889
    Jan 4, 2021 to Mar 26, 2021
  • Advisory employees · 18 to 20
    Jan 4, 2021 to Mar 26, 2021
  • Charity clients · 6 to 7
    Jan 4, 2021 to Mar 26, 2021
  • Corporate clients · 7 to 5
    Jan 4, 2021 to Mar 26, 2021
  • HNW clients · 277 to 210
    Jan 4, 2021 to Mar 26, 2021
  • Individual clients · 208 to 315
    Jan 4, 2021 to Mar 26, 2021
  • Assets in custody · $2.0B to $2.1B
    Jan 4, 2021 to Mar 26, 2021
  • Employees · 35 to 38
    Jan 4, 2021 to Mar 26, 2021
  • Other offices · 7 to 5
    Jan 4, 2021 to Mar 26, 2021
  • Discretionary RAUM · $1.8B to $2.0B
    Jan 4, 2021 to Mar 26, 2021
  • HNW RAUM · $1.7B to $1.8B
    Jan 4, 2021 to Mar 26, 2021
  • Individual RAUM · $75.0M to $181M
    Jan 4, 2021 to Mar 26, 2021
  • Non-discretionary RAUM · $53.5M to $72.2M
    Jan 4, 2021 to Mar 26, 2021
  • Pension RAUM · $5.3M to $6.1M
    Jan 4, 2021 to Mar 26, 2021
  • RAUM · $1.8B to $2.1B
    Jan 4, 2021 to Mar 26, 2021
  • Accounts · 1,132 to 1,764
    May 15, 2019 to Mar 30, 2020
  • Advisory employees · 15 to 18
    May 15, 2019 to Mar 30, 2020
  • Charity clients · unset to 6.0
    May 15, 2019 to Mar 30, 2020
  • Corporate clients · 8 to 7
    May 15, 2019 to Mar 30, 2020
  • HNW clients · 140 to 277
    May 15, 2019 to Mar 30, 2020
  • Individual clients · 127 to 208
    May 15, 2019 to Mar 30, 2020
  • Pension plan clients · 1 to 5
    May 15, 2019 to Mar 30, 2020
  • Assets in custody · $1.6B to $2.0B
    May 15, 2019 to Mar 30, 2020
  • Employees · 28 to 35
    May 15, 2019 to Mar 30, 2020
  • Financial planning clients · 251-500 to More than 500
    May 15, 2019 to Mar 30, 2020
  • State-registered IARs · 14 to 17
    May 15, 2019 to Mar 30, 2020
  • Discretionary RAUM · $1.4B to $1.8B
    May 15, 2019 to Mar 30, 2020
  • HNW RAUM · $1.3B to $1.7B
    May 15, 2019 to Mar 30, 2020
  • Individual RAUM · $45.1M to $75.0M
    May 15, 2019 to Mar 30, 2020
  • Non-discretionary RAUM · $44.8M to $53.5M
    May 15, 2019 to Mar 30, 2020
  • Pension RAUM · $1.0M to $5.3M
    May 15, 2019 to Mar 30, 2020
  • RAUM · $1.4B to $1.8B
    May 15, 2019 to Mar 30, 2020
  • Other offices · 6 to 7
    Mar 29, 2019 to May 15, 2019
  • Accounts · 1,193 to 1,132
    Oct 8, 2018 to Mar 29, 2019
  • Advisory employees · 16 to 15
    Oct 8, 2018 to Mar 29, 2019
  • Corporate clients · 11 to 8
    Oct 8, 2018 to Mar 29, 2019
  • HNW clients · 139 to 140
    Oct 8, 2018 to Mar 29, 2019
  • Individual clients · 141 to 127
    Oct 8, 2018 to Mar 29, 2019
Signals
3 dated events
  • Covenant reported RAUM $1.8B, up 29% from $1.4B (2019-05-15 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
  • Anne Rebecca Crowder (Chief Compliance Officer) no longer on Schedule A of Covenant (listed 2019-05-15, absent 2020-03-30)
    Mar 30, 2020 · Control person left · inference
  • Joseph Karl Eggerss (Member) appeared on Schedule A of Covenant
    Mar 30, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
  • Covenant · Private Equity
    shared crd · organization
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