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

Salient Capital Advisors, LLC

Former SEC-registered adviserHouston, TexasCRD 153914SEC 801-71482IAPD
Latest filing Dec 5, 2022
First filing on the tape Dec 2, 2011 · 60 filings
RAUM
$2.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
10.0%
$209M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
44
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
$191M gross assets
History
60 filings and snapshots on the tape
RAUM$2.1B as of Mar 16, 2022
Mar 26, 2012$1.6B then
HNW client RAUM$209M as of Mar 16, 2022
Mar 23, 2018$328M then
State-registered IARs (5.B.3)17 as of Mar 16, 2022
Mar 22, 201350 then
Employees (5.A)44 as of Mar 16, 2022
Mar 22, 2013129 then
Private funds2 as of Mar 16, 2022
Mar 26, 20122 then
RAUM +3.3% over the last fiscal year-20% a year over threeIARs 23 to 17
Practice profile
derived from the filing of Dec 5, 2022; every figure names its basis
RAUM per advisor
$123MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
18derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$668,902derivedHNW RAUM over HNW clients
Average account
$6.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
35%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.6derivedItem 5.A over advisors
Advisors per office
17.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+3.3%derivedbetween the last two annual amendments
Advisor growth, one year
-26%derivedItem 5.B.3 between annual amendments
Client growth, one year
+15%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, publications, educational seminarsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$893M43%
  • State and municipal entities$680M32%
  • High-net-worth individuals$209M10.0%
  • Pooled investment vehicles$180M8.6%
  • Corporations and businesses$80.5M3.8%
  • Pension and profit-sharing plans$51.4M2.5%
Individual clients
0reported
HNW clients
312reported
Pension plan clients
1reported
Charitable clients
0reported
Accounts
337reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $8.2M managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
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
    6 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Salient Mlp Fund, L.P.no longer reportedHedge Fund$48.8M60Mar 26, 2012
    Salient Mlp Te Fund, L.P.no longer reportedHedge Fund$29.6M56Mar 26, 2012
    Salient Mlp & Midstream Income Fund, L.P.no longer reportedHedge Fund$21.5M19Feb 1, 2017
    Teton Venture Partners II, L.P.no longer reportedOther Private Fund$4.0M14Feb 13, 2014
    Eschelon Teton Secondary Partners I, L.P.no longer reportedOther Private Fund$2.8M8Feb 13, 2014
    Teton Commodities Trading Partners, L.P.no longer reportedOther Private Fund$250,0001Feb 13, 2014
    Owners and control persons
    Schedule A and B, latest filing
    • Anjali Agarwal · Chief Financial Officercontrol
      since 11/2020 · owns less than 5%
    • Axtell Paul Bachtold · Chief Compliance Officercontrol
      since 01/2011 · owns less than 5%
    • Lindsay Kristen Bayazitoglu · Chief Operating Officercontrol
      since 07/2017 · owns less than 5%
    • Kane William Enszer · Chief Executive Officercontrol
      since 09/2020 · owns less than 5%
    • Kane William Enszer · Elected Managercontrol
      since 09/2021 · owns F of Salient Capital Management, LLC
    • Lynne Dawna Daniel · Secretary
      since 11/2011 · owns less than 5%
    • John Christopher Dean · Elected Manager
      since 01/2010 · owns F of Salient Capital Management, LLC
    • Philip John Ferguson · Elected Manager
      since 05/2012 · owns F of Salient Capital Management, LLC
    Entity owners
    • Salient Partners, L.P. · Member
      direct · owns 75% or more
    • Salient Capital Management, LLC · General Partner
      indirect · owns F of Salient Partners, L.P.
    Related persons
    Schedule D 7.A
    Advisers that list Salient Capital Advisors, LLC as a related person
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Related broker-dealer · true to false
      Apr 19, 2022 to Dec 5, 2022
    • Accounts · 303 to 337
      Oct 18, 2021 to Mar 16, 2022
    • Advisory employees · 22 to 17
      Oct 18, 2021 to Mar 16, 2022
    • BD registered reps · 24 to 18
      Oct 18, 2021 to Mar 16, 2022
    • Corporate clients · 17 to 11
      Oct 18, 2021 to Mar 16, 2022
    • HNW clients · 271 to 312
      Oct 18, 2021 to Mar 16, 2022
    • Employees · 55 to 44
      Oct 18, 2021 to Mar 16, 2022
    • Insurance-licensed employees · 8 to 6
      Oct 18, 2021 to Mar 16, 2022
    • State-registered IARs · 23 to 17
      Oct 18, 2021 to Mar 16, 2022
    • Discretionary RAUM · $2.0B to $2.1B
      Oct 18, 2021 to Mar 16, 2022
    • HNW RAUM · $153M to $209M
      Oct 18, 2021 to Mar 16, 2022
    • Pension RAUM · $40.6M to $51.4M
      Oct 18, 2021 to Mar 16, 2022
    • Pooled vehicle RAUM · $213M to $180M
      Oct 18, 2021 to Mar 16, 2022
    • RAUM · $2.0B to $2.1B
      Oct 18, 2021 to Mar 16, 2022
    • Wrap assets (manager) · $6.0M to $8.2M
      Oct 18, 2021 to Mar 16, 2022
    • Accounts · 467 to 303
      Mar 3, 2021 to Mar 22, 2021
    • Advisory employees · 27 to 22
      Mar 3, 2021 to Mar 22, 2021
    • BD registered reps · 32 to 24
      Mar 3, 2021 to Mar 22, 2021
    • Corporate clients · 27 to 17
      Mar 3, 2021 to Mar 22, 2021
    • HNW clients · 416 to 271
      Mar 3, 2021 to Mar 22, 2021
    • Pension plan clients · 2 to 1
      Mar 3, 2021 to Mar 22, 2021
    • Pooled vehicle clients · 4 to 2
      Mar 3, 2021 to Mar 22, 2021
    • Employees · 75 to 55
      Mar 3, 2021 to Mar 22, 2021
    • Insurance-licensed employees · 11 to 8
      Mar 3, 2021 to Mar 22, 2021
    • State-registered IARs · 30 to 23
      Mar 3, 2021 to Mar 22, 2021
    • Discretionary RAUM · $3.9B to $2.0B
      Mar 3, 2021 to Mar 22, 2021
    • HNW RAUM · $280M to $153M
      Mar 3, 2021 to Mar 22, 2021
    • Pension RAUM · $71.9M to $40.6M
      Mar 3, 2021 to Mar 22, 2021
    • Pooled vehicle RAUM · $914M to $213M
      Mar 3, 2021 to Mar 22, 2021
    • RAUM · $3.9B to $2.0B
      Mar 3, 2021 to Mar 22, 2021
    • Wrap assets (manager) · $10.0M to $6.0M
      Mar 3, 2021 to Mar 22, 2021
    • Private funds · 4 to 2
      Nov 5, 2020 to Nov 30, 2020
    • Accounts · 460 to 467
      Mar 4, 2020 to Mar 24, 2020
    • Advisory employees · 31 to 27
      Mar 4, 2020 to Mar 24, 2020
    • BD registered reps · 40 to 32
      Mar 4, 2020 to Mar 24, 2020
    • Corporate clients · 56 to 27
      Mar 4, 2020 to Mar 24, 2020
    • HNW clients · 377 to 416
      Mar 4, 2020 to Mar 24, 2020
    • Pension plan clients · 4 to 2
      Mar 4, 2020 to Mar 24, 2020
    • Employees · 87 to 75
      Mar 4, 2020 to Mar 24, 2020
    • Insurance-licensed employees · 14 to 11
      Mar 4, 2020 to Mar 24, 2020
    Signals
    22 dated events
    • William Kane Enszer left Salient Capital Advisors, Llc for Sustainable Woodlands Partners, Llc (registered 2020-11-10)
      Jan 3, 2023 · Advisor changed firm · fact
    • Allen Gregory Reid (President) no longer on Schedule A of Salient Capital Advisors, Llc (listed 2022-04-19, absent 2022-12-05)
      Dec 5, 2022 · Control person left · inference
    • Onthank David Linton (Executive Vice President - Head Of Distribution) no longer on Schedule A of Salient Capital Advisors, Llc (listed 2022-04-19, absent 2022-12-05)
      Dec 5, 2022 · Control person left · inference
    • Anibal Jose Angel left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-02-16)
      Nov 21, 2022 · Advisor changed firm · fact
    • Frank Theodore Gardner left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-05-01)
      Nov 21, 2022 · Advisor changed firm · fact
    • Matthew Robert Grandits left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-05-01)
      Nov 21, 2022 · Advisor changed firm · fact
    • Gregory Allen Reid left Salient Capital Advisors, Llc for Rdg Capital Management Llc (registered 2011-01-13)
      Nov 21, 2022 · Advisor changed firm · fact
    • Steven Craig Blokdyk left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-02-15)
      Nov 21, 2022 · Advisor changed firm · fact
    • Ronald Winston Cato left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-02-17)
      Nov 21, 2022 · Advisor changed firm · fact
    • Dan Hall Hinds left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-05-01)
      Nov 21, 2022 · Advisor changed firm · fact
    • Bradley Steven Eisen left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-05-01)
      Nov 21, 2022 · Advisor changed firm · fact
    • Parag Kirtikumar Sanghani left Salient Capital Advisors, Llc for Westwood Management Corp (registered 2023-05-01)
      Nov 21, 2022 · Advisor changed firm · fact
    • Salient Capital Advisors, LLC's advisors moved to Westwood Management Corp (Houston, TX): 8 of 10 registered, on the same day
      Nov 21, 2022 · Firm absorbed (people side) · derived
    • William Robinson Wagner left Salient Capital Advisors, Llc for Integrity Capital, Llc (registered 2013-05-13)
      Nov 18, 2022 · Advisor changed firm · fact
    • Michelle Cisneros Ruch left Salient Capital Advisors, Llc for Salient Advisors, L.P. (registered 2011-07-18)
      Nov 18, 2022 · Advisor changed firm · fact
    • Aaron Roger Mcinerney left Salient Capital Advisors, Llc for Hightower Private Client (registered 2017-08-11)
      Nov 18, 2022 · Advisor changed firm · fact
    • Salient Capital Advisors, Llc reported RAUM $2.0B, down 48% from $3.9B (2021-03-03 to 2021-03-22)
      Mar 22, 2021 · RAUM change · derived
    • Scott Matthew Hibbetts (Chief Financial Officer And Treasurer) no longer on Schedule A of Salient Capital Advisors, Llc (listed 2020-09-17, absent 2020-11-05)
      Nov 5, 2020 · Control person left · inference
    • Anjali Agarwal (Chief Financial Officer) appeared on Schedule A of Salient Capital Advisors, Llc
      Nov 5, 2020 · Control person joined · fact
    • Arthur John Blaisdell (Elected Manager) no longer on Schedule A of Salient Capital Advisors, Llc (listed 2019-10-28, absent 2020-03-04)
      Mar 4, 2020 · Control person left · inference
    • Wade Jonathan Depriest (Executive Vice President And General Counsel) no longer on Schedule A of Salient Capital Advisors, Llc (listed 2019-03-27, absent 2019-10-28)
      Oct 28, 2019 · Control person left · inference
    • Salient Capital Advisors, Llc reported 44 state-registered advisory representatives, down from 72 (2018-01-31 to 2018-03-23)
      Mar 23, 2018 · Advisor headcount 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.
    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