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•••••••• L••

Independent wealth managerCovington, LouisianaCRD 158200SEC 801-110924websiteIAPD
Latest filing Sep 15, 2026
First filing on the tape Jun 29, 2017 · 41 filings
SEC status approved since Jul 31, 2017
RAUM
$483M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
97%
$469M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$60.4M
derived; firm RAUM over IAPD count
Employees
14
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$483M as of Jun 11, 2026
Mar 26, 2018$232M then
HNW client RAUM$429M as of Jun 11, 2026
Mar 26, 2018$202M then
State-registered IARs (5.B.3)6 as of Jun 11, 2026
Mar 26, 20185 then
Employees (5.A)14 as of Jun 11, 2026
Mar 26, 20188 then
Private funds: no history
RAUM +3.7% over the last fiscal year+13% a year over threeIARs 7 to 6
Practice profile
derived from the filing of Sep 15, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$60.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
18derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$14.3MderivedHNW RAUM over HNW clients
Average account
$1.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
2.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
2.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+3.7%derivedbetween the last two annual amendments
Advisor growth, one year
-29%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.7%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Wrap fee program
$476MreportedItem 5.I
Custody
$920,798, 2 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$429M89%
  • Individuals$40.5M8.4%
  • Charitable organizations$14.2M2.9%
  • Corporations and businesses$11,4250.0%
Individual clients
110reported
HNW clients
30reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
325reported
Financial planning clients
11-25reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$920,798 for 2 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
E••• L•• D•••••••Certified Financial PlannerCovington, LaSep 28, 201126 y1
C••• W•••• D••••Covington, La Jul 17, 201414 y1
S••••• E• T••••••Covington, LaOct 22, 201418 y1
D••••••• R•••• W•••••••Covington, La Feb 28, 202112 y1
M•••••• B•••••• S•••••••Covington, LaApr 2, 202511 y0
C•••• W•••••••• K••••Covington, LaMay 19, 202511 y0
C••••• A•••• R•••Covington, LaJun 5, 202612 y0
M••••• D••• B••••Covington, LaSep 14, 202621 y0
Advisor movement
1 left, 0 joined in 12 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • F•••••• R••• M•••• · Chief Compliance Officer, Director Of Operationscontrol
    since 11/2023 · owns less than 5%
  • S••••••• K•••••••• B•••• · Chief Investment Officercontrol
    since 11/2023 · owns less than 5%
  • D•••••••• E•••• L•• · Managing Member, Ownercontrol
    since 01/2022 · owns 75% or more of P••••••• H•••••• C•••••• L••
  • D•••••••• E•••• L•• · Managing Member And President
    since 08/2007 · owns less than 5%
Entity owners
  • P••••••• H•••••• C•••••• L•• · Managing Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Covington, La · principal711
Offices
Schedule D 1.F, the 25 largest
  • , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • unusually large average HNW clientStatic outlier · filing Sep 15, 2026
    HNW RAUM per HNW client of $14,291,657 against a peer median of $2,402,920 (4942 comparable advisers, 100.0th percentile, 8.0 robust deviations)
    peers: independent wealth managers, $100M to $500M (4,942) · 100% percentile
What changed
consecutive filings, newest first
  • Financial planning clients · 11-25 to 11-25
    Jun 11, 2026 to Sep 15, 2026
  • Related adviser · false to unset
    Jun 11, 2026 to Sep 15, 2026
  • Related bank · false to unset
    Jun 11, 2026 to Sep 15, 2026
  • Related broker-dealer · false to unset
    Jun 11, 2026 to Sep 15, 2026
  • Related insurance company · false to unset
    Jun 11, 2026 to Sep 15, 2026
  • Succession · false to unset
    Jun 11, 2026 to Sep 15, 2026
  • Advisory employees · 5 to 6
    Mar 9, 2026 to Jun 11, 2026
  • State-registered IARs · 5 to 6
    Mar 9, 2026 to Jun 11, 2026
  • Accounts · 403 to 325
    Sep 12, 2025 to Mar 9, 2026
  • Advisory employees · 8 to 5
    Sep 12, 2025 to Mar 9, 2026
  • Individual clients · 105 to 110
    Sep 12, 2025 to Mar 9, 2026
  • Assets in custody · $869,174 to $920,798
    Sep 12, 2025 to Mar 9, 2026
  • Employees · 19 to 14
    Sep 12, 2025 to Mar 9, 2026
  • Financial planning clients · 26-50 to 11-25
    Sep 12, 2025 to Mar 9, 2026
  • State-registered IARs · 8 to 5
    Sep 12, 2025 to Mar 9, 2026
  • Other offices · 4 to 2
    Sep 12, 2025 to Mar 9, 2026
  • Discretionary RAUM · $456M to $476M
    Sep 12, 2025 to Mar 9, 2026
  • HNW RAUM · $393M to $429M
    Sep 12, 2025 to Mar 9, 2026
  • Individual RAUM · $56.7M to $40.5M
    Sep 12, 2025 to Mar 9, 2026
  • Non-discretionary RAUM · $10.5M to $7.4M
    Sep 12, 2025 to Mar 9, 2026
  • RAUM · $466M to $483M
    Sep 12, 2025 to Mar 9, 2026
  • Other offices · 3 to 4
    Jul 10, 2025 to Sep 12, 2025
  • Employees · 18 to 19
    May 7, 2025 to Jul 10, 2025
  • Financial planning clients · 26-50 to 26-50
    May 7, 2025 to Jul 10, 2025
  • State-registered IARs · 7 to 8
    May 7, 2025 to Jul 10, 2025
  • Other offices · 2 to 3
    May 7, 2025 to Jul 10, 2025
  • Accounts · 325 to 403
    Nov 5, 2024 to Jan 30, 2025
  • Advisory employees · 9 to 8
    Nov 5, 2024 to Jan 30, 2025
  • HNW clients · 38 to 30
    Nov 5, 2024 to Jan 30, 2025
  • Individual clients · 165 to 105
    Nov 5, 2024 to Jan 30, 2025
  • Assets in custody · $2.8M to $869,174
    Nov 5, 2024 to Jan 30, 2025
  • Employees · 13 to 18
    Nov 5, 2024 to Jan 30, 2025
  • State-registered IARs · 9 to 7
    Nov 5, 2024 to Jan 30, 2025
  • Discretionary RAUM · $412M to $456M
    Nov 5, 2024 to Jan 30, 2025
  • HNW RAUM · $364M to $393M
    Nov 5, 2024 to Jan 30, 2025
  • Individual RAUM · $41.2M to $56.7M
    Nov 5, 2024 to Jan 30, 2025
  • Non-discretionary RAUM · $7.9M to $10.5M
    Nov 5, 2024 to Jan 30, 2025
  • RAUM · $420M to $466M
    Nov 5, 2024 to Jan 30, 2025
  • Accounts · 314 to 325
    Nov 9, 2023 to Mar 25, 2024
  • Advisory employees · 6 to 9
    Nov 9, 2023 to Mar 25, 2024
Signals
9 dated events
  • M••••• D••• B•••• registered as an investment adviser representative at P•••••••• L••
    Sep 14, 2026 · Advisor registered · fact
  • K••••••• B•••• S•••••• left P•••••••• L•• for A••••• O•• W•••••• L•• (registered 2026-02-24)
    Dec 31, 2025 · Advisor changed firm · fact
  • D••••• P• T••••• left P•••••••• L•• for C•••••••• I••••••••• R••••••• A•••••••• I••• (registered 2024-08-05)
    Jul 19, 2024 · Advisor changed firm · fact
  • Marie Ray Fenger (Chief Compliance Officer, Director Of Operations) appeared on Schedule A of P•••••••• L••
    Nov 8, 2023 · Control person joined · fact
  • B•••• Kristina Schuler (Chief Investment Officer) appeared on Schedule A of P•••••••• L••
    Nov 8, 2023 · Control person joined · fact
  • W•••••• A••••• S••••• left P•••••••• L•• for I•••••• A•••••••• L•• (registered 2023-08-04)
    Aug 8, 2022 · Advisor changed firm · fact
  • P•••••••• L•• reported RAUM $429.8M, up 40% from $306.6M (2021-10-29 to 2022-01-31)
    Jan 31, 2022 · RAUM change · derived
  • P•••••••• L•• reported RAUM $232.3M, up 127% from $102.4M (2017-07-27 to 2018-03-26)
    Mar 26, 2018 · RAUM change · derived
  • E• S•• T••••••• A•• D••••••• W••••• S••••••••• filed its initial SEC registration (Form ADV)
    Jun 29, 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.
How to reach
public business contact points only, each with its source
Business phone
985-727-0770reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/paradiemreportedpublic record, Form ADV, Sep 19, 2026
Website
paradiem.orgreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
985-727-0770reportedpublic record, Form ADV, Sep 15, 2026
Team page
paradiem.org/our-teamreportedpublished by the firm, firm site, Sep 15, 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$60.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026