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.

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SEC-registered adviser

P•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Chattanooga, TennesseeCRD 156810SEC 801-73887IAPD
Latest filing Mar 27, 2026
First filing on the tape Feb 14, 2012 · 21 filings
SEC status approved since Mar 30, 2012
RAUM
$2.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$2.8B
derived; firm RAUM over IAPD count
Employees
16
5 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$2.8B as of Mar 27, 2026
Feb 4, 2013$3.2B then
HNW client RAUM$0 as of Mar 27, 2026
Mar 22, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Feb 4, 20130 then
Employees (5.A)16 as of Mar 27, 2026
Feb 4, 201320 then
Private funds1 as of Mar 27, 2026
Feb 4, 20131 then
RAUM +7.6% over the last fiscal year-3.4% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$2.8BderivedRAUM 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
$465MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
16.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+7.6%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$2.0B, 5 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$2.8B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
6reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$2.0B for 5 clientsreported
Compensation
% of AUM, performancereported
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
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T•••• F•••• B••••Chartered Financial AnalystDallas, TxApr 18, 201229 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
P•••••• •••• L•••Hedge Fund$2.7B404Feb 14, 2012
Owners and control persons
Schedule A and B, latest filing
  • B•••••••• P••••••• C••••• · Chief Operating Officer And Chief Compliance Officercontrol
    since 11/2012 · owns 5% to 10%
  • B••••• T••••• F•••• · Principalcontrol
    since 01/2008 · owns 10% to 25%
  • D••••••••• I•• J•••••• H••••• · Principalcontrol
    since 07/2007 · owns 10% to 25%
  • L••••••••• J•••••• A••• · Chief Financial Officercontrol
    since 09/2004 · owns less than 5%
  • S••••• J•••• A•••••••• · Principalcontrol
    since 07/1990 · owns 10% to 25%
  • S••••• P••••••• B•••• · Principalcontrol
    since 07/2011 · owns 10% to 25%
  • T••••••••• J•••• E•••••• · Principalcontrol
    since 01/2010 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
  • Dallas, TX1 employees
What changed
consecutive filings, newest first
  • Assets in custody · $1.8B to $2.0B
    Mar 24, 2025 to Mar 27, 2026
  • Discretionary RAUM · $2.6B to $2.8B
    Mar 24, 2025 to Mar 27, 2026
  • Pooled vehicle RAUM · $2.6B to $2.8B
    Mar 24, 2025 to Mar 27, 2026
  • RAUM · $2.6B to $2.8B
    Mar 24, 2025 to Mar 27, 2026
  • Assets in custody · $1.9B to $1.8B
    Mar 25, 2024 to Mar 24, 2025
  • Financial planning clients · unset to
    Mar 25, 2024 to Mar 24, 2025
  • Discretionary RAUM · $3.0B to $2.6B
    Mar 25, 2024 to Mar 24, 2025
  • Pooled vehicle RAUM · $3.0B to $2.6B
    Mar 25, 2024 to Mar 24, 2025
  • RAUM · $3.0B to $2.6B
    Mar 25, 2024 to Mar 24, 2025
  • Assets in custody · $1.7B to $1.9B
    Mar 24, 2023 to Mar 25, 2024
  • Discretionary RAUM · $3.1B to $3.0B
    Mar 24, 2023 to Mar 25, 2024
  • Pooled vehicle RAUM · $3.1B to $3.0B
    Mar 24, 2023 to Mar 25, 2024
  • RAUM · $3.1B to $3.0B
    Mar 24, 2023 to Mar 25, 2024
  • Assets in custody · $2.7B to $1.7B
    Mar 29, 2022 to Mar 24, 2023
  • Employees · 17 to 16
    Mar 29, 2022 to Mar 24, 2023
  • Discretionary RAUM · $4.0B to $3.1B
    Mar 29, 2022 to Mar 24, 2023
  • Pooled vehicle RAUM · $4.0B to $3.1B
    Mar 29, 2022 to Mar 24, 2023
  • RAUM · $4.0B to $3.1B
    Mar 29, 2022 to Mar 24, 2023
  • Assets in custody · $2.7B to $2.7B
    Mar 25, 2021 to Mar 29, 2022
  • Discretionary RAUM · $4.1B to $4.0B
    Mar 25, 2021 to Mar 29, 2022
  • Pooled vehicle RAUM · $4.1B to $4.0B
    Mar 25, 2021 to Mar 29, 2022
  • RAUM · $4.1B to $4.0B
    Mar 25, 2021 to Mar 29, 2022
  • Assets in custody · $2.4B to $2.7B
    Mar 23, 2020 to Mar 25, 2021
  • Discretionary RAUM · $3.6B to $4.1B
    Mar 23, 2020 to Mar 25, 2021
  • Pooled vehicle RAUM · $3.6B to $4.1B
    Mar 23, 2020 to Mar 25, 2021
  • RAUM · $3.6B to $4.1B
    Mar 23, 2020 to Mar 25, 2021
  • Assets in custody · $2.2B to $2.4B
    Mar 28, 2019 to Mar 23, 2020
  • Discretionary RAUM · $3.4B to $3.6B
    Mar 28, 2019 to Mar 23, 2020
  • Pooled vehicle RAUM · $3.4B to $3.6B
    Mar 28, 2019 to Mar 23, 2020
  • RAUM · $3.4B to $3.6B
    Mar 28, 2019 to Mar 23, 2020
  • Assets in custody · $2.5B to $2.2B
    Mar 22, 2018 to Mar 28, 2019
  • Discretionary RAUM · $3.6B to $3.4B
    Mar 22, 2018 to Mar 28, 2019
  • Pooled vehicle RAUM · $3.6B to $3.4B
    Mar 22, 2018 to Mar 28, 2019
  • RAUM · $3.6B to $3.4B
    Mar 22, 2018 to Mar 28, 2019
  • Related adviser · true to false
    Mar 22, 2018 to Mar 28, 2019
  • Related bank · true to false
    Mar 22, 2018 to Mar 28, 2019
  • Charity clients · unset to 0.0
    Mar 21, 2017 to Mar 22, 2018
  • Corporate clients · unset to 0.0
    Mar 21, 2017 to Mar 22, 2018
  • HNW clients · unset to 0.0
    Mar 21, 2017 to Mar 22, 2018
  • Individual clients · unset to 0.0
    Mar 21, 2017 to Mar 22, 2018
Signals
1 dated events
  • Gustav Paul Roess (Director Of Investor Relations) no longer on Schedule A of P•••••• M••••••••• L•• (listed 2022-03-29, absent 2023-03-24)
    Mar 24, 2023 · Control person left · inference
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
Principal office phone
423-266-3544reportedpublic record, Form ADV, Mar 27, 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
$2.8Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026