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

Afs Advisors, LLC

Former SEC-registered adviserSuwanee, GeorgiaCRD 156180SEC 801-112322IAPD
Latest filing Oct 21, 2021
First filing on the tape Dec 19, 2017 · 13 filings
RAUM
$4.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
4.9%
$228M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$4.6B as of Mar 22, 2021
Mar 28, 2018$142M then
HNW client RAUM$192M as of Mar 22, 2021
Mar 28, 2018$86.0M then
State-registered IARs (5.B.3)3 as of Mar 22, 2021
Mar 28, 20184 then
Employees (5.A)6 as of Mar 22, 2021
Mar 28, 20185 then
Private funds: no history
RAUM +21% over the last fiscal year+219% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Oct 21, 2021; every figure names its basis
RAUM per advisor
$1.5BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
62derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$20.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
94%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
-25%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Custody
$45.7M, 112 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$4.3B95%
  • High-net-worth individuals$192M4.2%
  • Individuals$36.6M0.8%
  • Charitable organizations$19.0M0.4%
Individual clients
117reported
HNW clients
68reported
Pension plan clients
40reported
Charitable clients
1reported
Accounts
230reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$45.7M for 112 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
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Christopher Eric Loyd · Chief Compliance Officercontrol
    since 12/2010 · owns less than 5%
  • Christopher Eric Loyd · Chief Compliance Officercontrol
    since 12/2010 · owns 75% or more of Eric C. Loyd, Inc.
  • Keith Brandon Sproles · Chief Operating Officer / Chief Investment Officercontrol
    since 12/2010 · owns 75% or more of Brandon Sproles, Inc.
Entity owners
  • Brandon Sproles, Inc. · Owner
    direct · owns 50% to 75%
  • Eric C. Loyd, Inc. · Owner
    direct · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 215 to 230
    Feb 16, 2021 to Mar 22, 2021
  • Advisory employees · 4 to 3
    Feb 16, 2021 to Mar 22, 2021
  • HNW clients · 61 to 68
    Feb 16, 2021 to Mar 22, 2021
  • Individual clients · 115 to 117
    Feb 16, 2021 to Mar 22, 2021
  • Pension plan clients · 34 to 40
    Feb 16, 2021 to Mar 22, 2021
  • Assets in custody · $66.0M to $45.7M
    Feb 16, 2021 to Mar 22, 2021
  • Employees · 5 to 6
    Feb 16, 2021 to Mar 22, 2021
  • State-registered IARs · 4 to 3
    Feb 16, 2021 to Mar 22, 2021
  • Discretionary RAUM · $3.8B to $4.6B
    Feb 16, 2021 to Mar 22, 2021
  • HNW RAUM · $148M to $192M
    Feb 16, 2021 to Mar 22, 2021
  • Individual RAUM · $37.8M to $36.6M
    Feb 16, 2021 to Mar 22, 2021
  • Pension RAUM · $3.6B to $4.3B
    Feb 16, 2021 to Mar 22, 2021
  • RAUM · $3.8B to $4.6B
    Feb 16, 2021 to Mar 22, 2021
  • Accounts · 207 to 215
    Aug 2, 2019 to Mar 17, 2020
  • HNW clients · 48 to 61
    Aug 2, 2019 to Mar 17, 2020
  • Pension plan clients · 39 to 34
    Aug 2, 2019 to Mar 17, 2020
  • Assets in custody · $30.6M to $66.0M
    Aug 2, 2019 to Mar 17, 2020
  • Discretionary RAUM · $3.0B to $3.8B
    Aug 2, 2019 to Mar 17, 2020
  • HNW RAUM · $98.9M to $148M
    Aug 2, 2019 to Mar 17, 2020
  • Individual RAUM · $36.7M to $37.8M
    Aug 2, 2019 to Mar 17, 2020
  • Pension RAUM · $2.8B to $3.6B
    Aug 2, 2019 to Mar 17, 2020
  • RAUM · $3.0B to $3.8B
    Aug 2, 2019 to Mar 17, 2020
  • Accounts · 204 to 207
    Nov 12, 2018 to Mar 26, 2019
  • HNW clients · 51 to 48
    Nov 12, 2018 to Mar 26, 2019
  • Individual clients · 111 to 115
    Nov 12, 2018 to Mar 26, 2019
  • Pension plan clients · 37 to 39
    Nov 12, 2018 to Mar 26, 2019
  • Assets in custody · $30.6M to $30.6M
    Nov 12, 2018 to Mar 26, 2019
  • Insurance-licensed employees · 2 to 0
    Nov 12, 2018 to Mar 26, 2019
  • Discretionary RAUM · $3.3B to $3.0B
    Nov 12, 2018 to Mar 26, 2019
  • HNW RAUM · $110M to $98.9M
    Nov 12, 2018 to Mar 26, 2019
  • Individual RAUM · $37.5M to $36.7M
    Nov 12, 2018 to Mar 26, 2019
  • Pension RAUM · $3.1B to $2.8B
    Nov 12, 2018 to Mar 26, 2019
  • RAUM · $3.3B to $3.0B
    Nov 12, 2018 to Mar 26, 2019
  • Accounts · 154 to 204
    Mar 28, 2018 to Oct 23, 2018
  • HNW clients · 43 to 51
    Mar 28, 2018 to Oct 23, 2018
  • Individual clients · 106 to 111
    Mar 28, 2018 to Oct 23, 2018
  • Pension plan clients · 1 to 37
    Mar 28, 2018 to Oct 23, 2018
  • Discretionary RAUM · $142M to $3.3B
    Mar 28, 2018 to Oct 23, 2018
  • HNW RAUM · $86.0M to $110M
    Mar 28, 2018 to Oct 23, 2018
  • Individual RAUM · $31.4M to $37.5M
    Mar 28, 2018 to Oct 23, 2018
Signals
7 dated events
  • Eric Christopher Loyd left Afs Advisors, Llc for Wealthspire Retirement Advisory (registered 2021-12-21)
    Mar 31, 2022 · Advisor changed firm · fact
  • Brandon Keith Sproles left Afs Advisors, Llc for Wealthspire Retirement Advisory (registered 2021-12-20)
    Mar 31, 2022 · Advisor changed firm · fact
  • Richard Lewis Holland left Afs Advisors, Llc for Wealthspire Retirement Advisory (registered 2021-12-20)
    Mar 31, 2022 · Advisor changed firm · fact
  • Afs Advisors, LLC's advisors moved to Wealthspire Retirement Advisory (Suwanee, GA): 3 of 3 registered, on the same day
    Mar 31, 2022 · Firm absorbed (people side) · derived
  • Afs Advisors, Llc reported RAUM $3.8B, up 27% from $3.0B (2019-08-02 to 2020-03-17)
    Mar 17, 2020 · RAUM change · derived
  • Afs Advisors, Llc reported RAUM $3.3B, up 2220% from $142.1M (2018-03-28 to 2018-10-23)
    Oct 23, 2018 · RAUM change · derived
  • Afs Advisors, Llc filed its initial SEC registration (Form ADV)
    Dec 19, 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