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

N•• C•••••• P•••••••

Asset manager (funds and pooled vehicles)Birmingham, AlabamaCRD 160075SEC 801-73399websiteIAPD
Legal name N•• M••••••••• H•••••••• I•••
Latest filing Mar 31, 2026
First filing on the tape Feb 13, 2012 · 19 filings
SEC status approved since Feb 27, 2012
RAUM
$233M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$233M as of Mar 31, 2026
Mar 28, 2013$166M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20130 then
Employees (5.A)8 as of Mar 31, 2026
Mar 28, 201313 then
Private funds5 as of Mar 31, 2026
Mar 28, 20134 then
RAUM -62% over the last fiscal year-16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$46.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-62%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$233M, 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$233M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$233M 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
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      6 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • L•••••• J••••• B•••••• · Vice President And Secretarycontrol
        since 12/2004 · owns 50% to 75%
      • O••••••• J••••• K•••••• · Presidentcontrol
        since 12/2004 · owns 50% to 75%
      • L•••••••• D•••• B••••• · Chief Compliance Officer
        since 11/2011 · owns less than 5%
      Related persons
      Schedule D 7.A
      • N•• C•••••• P••••••• I••••• L••
        pooled vehicle sponsory
      • N•• C•••••• P••••••• I•• L••
        pooled vehicle sponsory
      • N•• C•••••• P••••••• I••• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 50 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $614,802,213 to $232,569,242 (-62.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +4.0% (1148 comparable advisers, 2.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,148) · 1.9% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 7 to 6
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $615M to $233M
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 11 to 8
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $615M to $233M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $615M to $233M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $615M to $233M
        Mar 31, 2025 to Mar 31, 2026
      • Assets in custody · $355M to $615M
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $355M to $615M
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $355M to $615M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $355M to $615M
        Mar 29, 2024 to Mar 31, 2025
      • Advisory employees · 8 to 7
        Mar 29, 2023 to Mar 29, 2024
      • Assets in custody · $386M to $355M
        Mar 29, 2023 to Mar 29, 2024
      • Employees · 14 to 11
        Mar 29, 2023 to Mar 29, 2024
      • Discretionary RAUM · $386M to $355M
        Mar 29, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $386M to $355M
        Mar 29, 2023 to Mar 29, 2024
      • RAUM · $386M to $355M
        Mar 29, 2023 to Mar 29, 2024
      • Advisory employees · 13 to 8
        Jan 25, 2023 to Mar 29, 2023
      • Assets in custody · $490M to $386M
        Jan 25, 2023 to Mar 29, 2023
      • Employees · 18 to 14
        Jan 25, 2023 to Mar 29, 2023
      • Discretionary RAUM · $490M to $386M
        Jan 25, 2023 to Mar 29, 2023
      • Pooled vehicle RAUM · $490M to $386M
        Jan 25, 2023 to Mar 29, 2023
      • RAUM · $490M to $386M
        Jan 25, 2023 to Mar 29, 2023
      • Assets in custody · $379M to $490M
        Mar 30, 2021 to Mar 25, 2022
      • Employees · 17 to 18
        Mar 30, 2021 to Mar 25, 2022
      • Discretionary RAUM · $379M to $490M
        Mar 30, 2021 to Mar 25, 2022
      • Pooled vehicle RAUM · $379M to $490M
        Mar 30, 2021 to Mar 25, 2022
      • RAUM · $379M to $490M
        Mar 30, 2021 to Mar 25, 2022
      • Advisory employees · 14 to 13
        Mar 30, 2020 to Mar 30, 2021
      • Assets in custody · $357M to $379M
        Mar 30, 2020 to Mar 30, 2021
      • Other offices · 1 to 0
        Mar 30, 2020 to Mar 30, 2021
      • Discretionary RAUM · $357M to $379M
        Mar 30, 2020 to Mar 30, 2021
      • Pooled vehicle RAUM · $357M to $379M
        Mar 30, 2020 to Mar 30, 2021
      • RAUM · $357M to $379M
        Mar 30, 2020 to Mar 30, 2021
      • Advisory employees · 11 to 14
        Mar 25, 2019 to Mar 30, 2020
      • Assets in custody · $406M to $357M
        Mar 25, 2019 to Mar 30, 2020
      • Employees · 13 to 17
        Mar 25, 2019 to Mar 30, 2020
      • Discretionary RAUM · $406M to $357M
        Mar 25, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $406M to $357M
        Mar 25, 2019 to Mar 30, 2020
      • RAUM · $406M to $357M
        Mar 25, 2019 to Mar 30, 2020
      Signals
      3 dated events
      • N•• C•••••• P••••••• reported RAUM $232.6M, down 62% from $614.8M (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • N•• C•••••• P••••••• reported RAUM $614.8M, up 73% from $355.3M (2024-03-29 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • N•• C•••••• P••••••• reported RAUM $490.2M, up 29% from $379.5M (2021-03-30 to 2022-03-25)
        Mar 25, 2022 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      H••••://WWW.LINKEDIN.COM/COMPANY/NEW-CAPITAL-PARTNERSreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      205-939-8400reportedpublic record, Form ADV, Mar 31, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026