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
M•••• W••••• A•••••••• L••
Latest filing Mar 25, 2026
First filing on the tape Mar 22, 2017 · 27 filings
SEC status approved since Apr 4, 2017
RAUM
$549M
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
90%
$494M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$78.4M
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$549M as of Mar 25, 2026
Mar 26, 2018$139M then
HNW client RAUM$421M as of Mar 25, 2026
Mar 26, 2018$96.2M then
State-registered IARs (5.B.3)6 as of Mar 25, 2026
Mar 26, 20183 then
Employees (5.A)8 as of Mar 25, 2026
Mar 26, 20183 then
Private funds2 as of Mar 25, 2026
Mar 26, 20182 then
RAUM +25% over the last fiscal year+24% a year over threeIARs 5 to 6
Practice profile
derived from the filing of Mar 25, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $78.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 64derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.5MderivedHNW RAUM over HNW clients
- Average account
- $292,348derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 92%derivedof RAUM
- Institutional
- 8.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 7.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +15%derived
- Compensation
- percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 5.G
- Custody
- $31.2M, 27 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)
- 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)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$421M77%
- Individuals$73.0M13%
- Pension and profit-sharing plans$48.3M8.8%
- Corporations and businesses$6.1M1.1%
- Pooled investment vehicles$76,1070.0%
- Individual clients
- 275reported
- HNW clients
- 171reported
- Pension plan clients
- 16reported
- Charitable clients
- n/areported
- Accounts
- 1,877reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $31.2M for 27 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.9 fund_share=0.0 institutional_share=0.09 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• A••• M••••Certified Financial Planner | Southlake, Tx | Jan 31, 2012 | 28 y | 3 |
| M•••••• A•••••••• B••••Certified Financial Planner | Southlake, Tx | Nov 25, 2017 | 12 y | 0 |
| S•••••• B••••• N•••••Certified Financial Planner | Southlake, Tx | Apr 13, 2018 | 13 y | 0 |
| E•••• M•••• L••••Certified Financial Planner | Southlake, Tx | Aug 23, 2023 | 12 y | 0 |
| A•••• H•••• E••••Certified Financial Planner | Southlake, Tx | Nov 13, 2023 | 17 y | 0 |
| R•••• C•••••• A••••• | Southlake, Tx | Dec 3, 2025 | 31 y | 4 |
| G•••••• V•••• E••••• | Southlake, Tx | Sep 4, 2026 | 10 y | 0 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- C•••••• D••••••• J•••• to R••• F•••••••• P•••••••Jun 19, 2023 · RIA to RIA
- J•••• A•••• D•••• to A•••• W••••• M••••••••• L••Jun 30, 2021 · RIA to RIA
- M•••••• S•••• C••••••••• to B•••• K••••• W••••• M••••••••• L••Mar 11, 2020 · RIA to RIA
- S•••••• A•••••• H•••• to H•••• C•••••••••Nov 27, 2018 · RIA to a state-registered adviser
- B•••• J••••• M•••••• to R••••• W••••• G••••• I•••Aug 23, 2017 · Other
- C••••• D••••• S•••••••• to M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jun 15, 2015 · Other
Joined, latest
- R•••• C•••••• A••••• from U••• C•••••• W••••• A•••••••• L••Dec 3, 2025 · Affiliated broker-dealer or bank to independent RIA
- C•••••• D••••••• J•••• from C•••• W•••••• • A••••••••• L••Aug 15, 2022 · RIA to RIA
- J•••• A•••• D•••• from F••••••• P••••••• A•• W•••••••• A•••••••Apr 20, 2020 · Affiliated broker-dealer or bank to independent RIA
- M•••••• S•••• C••••••••• from Q•••••• W••••• M••••••••• L••Apr 19, 2018 · RIA to RIA
- B•••• J••••• M•••••• from B•• F•••••••• G••••• L••Jan 31, 2012 · Other
- M•••••• A••• M•••• from B•• F•••••••• G••••• L••Jan 31, 2012 · Other
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M•••• E••••• F••• I•• L• | Private Equity Fund | $165,941 | 39 | Mar 22, 2017 |
| L• M•• L••• 2• | Securitized Asset Fund | $0 | 15 | Mar 26, 2018 |
Owners and control persons
Schedule A and B, latest filing
- M••••• M••••••• A••• · President/Chief Compliance Officercontrolsince 04/2003 · owns 75% or more
- N•••••• S••••••• B••••• · Partner, Shareholdersince 01/2022 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Southlake, Tx · principal | 7 | 2 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,691 to 1,877Aug 30, 2025 to Mar 25, 2026
- Advisory employees · 5 to 6Aug 30, 2025 to Mar 25, 2026
- Corporate clients · 7 to 8Aug 30, 2025 to Mar 25, 2026
- HNW clients · 139 to 171Aug 30, 2025 to Mar 25, 2026
- Individual clients · 248 to 275Aug 30, 2025 to Mar 25, 2026
- Assets in custody · $20.1M to $31.2MAug 30, 2025 to Mar 25, 2026
- Employees · 6 to 8Aug 30, 2025 to Mar 25, 2026
- State-registered IARs · 5 to 6Aug 30, 2025 to Mar 25, 2026
- Discretionary RAUM · $402M to $507MAug 30, 2025 to Mar 25, 2026
- HNW RAUM · $318M to $421MAug 30, 2025 to Mar 25, 2026
- Individual RAUM · $79.5M to $73.0MAug 30, 2025 to Mar 25, 2026
- Non-discretionary RAUM · $38.0M to $41.6MAug 30, 2025 to Mar 25, 2026
- Pension RAUM · $36.8M to $48.3MAug 30, 2025 to Mar 25, 2026
- Pooled vehicle RAUM · $78,943 to $76,107Aug 30, 2025 to Mar 25, 2026
- RAUM · $440M to $549MAug 30, 2025 to Mar 25, 2026
- Financial planning clients · 251-500 to 251-500Mar 28, 2025 to Jun 2, 2025
- Accounts · 1,537 to 1,691Jan 3, 2025 to Mar 28, 2025
- Corporate clients · 5 to 7Jan 3, 2025 to Mar 28, 2025
- HNW clients · 136 to 139Jan 3, 2025 to Mar 28, 2025
- Individual clients · 210 to 248Jan 3, 2025 to Mar 28, 2025
- Pension plan clients · 3 to 16Jan 3, 2025 to Mar 28, 2025
- Assets in custody · $165,941 to $20.1MJan 3, 2025 to Mar 28, 2025
- State-registered IARs · 4 to 5Jan 3, 2025 to Mar 28, 2025
- Discretionary RAUM · $313M to $402MJan 3, 2025 to Mar 28, 2025
- HNW RAUM · $284M to $318MJan 3, 2025 to Mar 28, 2025
- Individual RAUM · $55.8M to $79.5MJan 3, 2025 to Mar 28, 2025
- Non-discretionary RAUM · $33.3M to $38.0MJan 3, 2025 to Mar 28, 2025
- Pension RAUM · $1.5M to $36.8MJan 3, 2025 to Mar 28, 2025
- Pooled vehicle RAUM · $165,941 to $78,943Jan 3, 2025 to Mar 28, 2025
- RAUM · $346M to $440MJan 3, 2025 to Mar 28, 2025
- Accounts · 1,397 to 1,537Jan 3, 2024 to Mar 26, 2024
- Corporate clients · 4 to 5Jan 3, 2024 to Mar 26, 2024
- HNW clients · 115 to 136Jan 3, 2024 to Mar 26, 2024
- Individual clients · 207 to 210Jan 3, 2024 to Mar 26, 2024
- Assets in custody · $297,331 to $165,941Jan 3, 2024 to Mar 26, 2024
- Employees · 7 to 6Jan 3, 2024 to Mar 26, 2024
- Financial planning clients · 101-250 to 251-500Jan 3, 2024 to Mar 26, 2024
- Discretionary RAUM · $255M to $313MJan 3, 2024 to Mar 26, 2024
- HNW RAUM · $225M to $284MJan 3, 2024 to Mar 26, 2024
- Individual RAUM · $56.8M to $55.8MJan 3, 2024 to Mar 26, 2024
Signals
2 dated events
- C•••••• D••••••• J•••• left M•••• W••••• A•••••••• L•• for R••• F•••••••• P••••••• (registered 2024-04-12)Jun 19, 2023 · Advisor changed firm · fact
- M•••• W••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Mar 22, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- M•••• W••••• A•••••••• L•• · Independent Sponsorsshared crd · capital_provider
- M•••• W••••• A•••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business email
- info@millswealthadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 817-809-7329reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 817-416-7300reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/mills-wealth-advisorsreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 817-416-7300reportedpublic record, Form ADV, Mar 25, 2026
- Contact form
- millswealthadvisors.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- millswealthadvisors.com/who-we-arereportedpublished 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
- $78.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026