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•••••••• L••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 161068SEC 801-73667websiteIAPD
Latest filing Sep 1, 2026
First filing on the tape Feb 14, 2012 · 20 filings
SEC status approved since Mar 15, 2012
RAUM
$544M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$272M
derived; firm RAUM over IAPD count
Employees
8
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$544M as of Mar 26, 2026
Mar 27, 2013$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 27, 20130 then
Employees (5.A)8 as of Mar 26, 2026
Mar 27, 201312 then
Private funds6 as of Mar 26, 2026
Mar 27, 20132 then
RAUM -33% over the last fiscal year-26% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 1, 2026; every figure names its basis
RAUM per advisor
$272MderivedRAUM 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
$90.7MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-33%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
$267M, 6 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$544M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
6reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$267M for 6 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
2 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T•••••• P• C•••••••Dallas, TxJul 2, 201420 y0
J••• C•••••• R••••••Dallas, TxJul 2, 201420 y0
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
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      7 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • C•••••• T••••••• M•••••• · Chief Compliance Officer And Chief Financial Officercontrol
        since 02/2017 · owns less than 5%
      • C•••••••• T••••••• P• · Co-Founder And Managing Directorcontrol
        since 04/2006 · owns 50% to 75%
      • R••••••• J•••• C•••••• · Co-Founder And Managing Directorcontrol
        since 04/2006 · owns 50% to 75%
      Related persons
      Schedule D 7.A
      • N••••••• P••••••• I•• L•••
        pooled vehicle sponsorn
      • N••••••• P••••••• I••• L•••
        pooled vehicle sponsorn
      • N••••••• P••••••• I•• L•
        pooled vehicle sponsorn
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Dallas, Tx · principal200
      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 25 %Change between filings · filing Mar 26, 2026
        RAUM (Item 5.F) moved from $808,774,000 to $544,480,000 (-33.0%) between the annual amendments of 2025-03-26 and 2026-03-26; the peer median change was +8.0% (672 comparable advisers, 6.0th percentile of changes)
        peers: asset managers, $500M to $1B (672) · 5.5% percentile
      What changed
      consecutive filings, newest first
      • Financial planning clients · to unset
        Mar 26, 2026 to Sep 1, 2026
      • Private funds · 6 to unset
        Mar 26, 2026 to Sep 1, 2026
      • Succession · false to unset
        Mar 26, 2026 to Sep 1, 2026
      • Advisory employees · 8 to 5
        Mar 26, 2025 to Mar 26, 2026
      • Assets in custody · $527M to $267M
        Mar 26, 2025 to Mar 26, 2026
      • Employees · 11 to 8
        Mar 26, 2025 to Mar 26, 2026
      • Discretionary RAUM · $809M to $544M
        Mar 26, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $809M to $544M
        Mar 26, 2025 to Mar 26, 2026
      • RAUM · $809M to $544M
        Mar 26, 2025 to Mar 26, 2026
      • Advisory employees · 11 to 8
        Mar 28, 2024 to Mar 26, 2025
      • Assets in custody · $861M to $527M
        Mar 28, 2024 to Mar 26, 2025
      • Employees · 14 to 11
        Mar 28, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 26, 2025
      • Discretionary RAUM · $1.1B to $809M
        Mar 28, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $1.1B to $809M
        Mar 28, 2024 to Mar 26, 2025
      • RAUM · $1.1B to $809M
        Mar 28, 2024 to Mar 26, 2025
      • Advisory employees · 12 to 11
        Mar 30, 2023 to Mar 28, 2024
      • Assets in custody · $1.0B to $861M
        Mar 30, 2023 to Mar 28, 2024
      • Employees · 15 to 14
        Mar 30, 2023 to Mar 28, 2024
      • Discretionary RAUM · $1.3B to $1.1B
        Mar 30, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $1.3B to $1.1B
        Mar 30, 2023 to Mar 28, 2024
      • RAUM · $1.3B to $1.1B
        Mar 30, 2023 to Mar 28, 2024
      • Advisory employees · 11 to 12
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $995M to $1.0B
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 14 to 15
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $1.7B to $1.3B
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $1.7B to $1.3B
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $1.7B to $1.3B
        Mar 31, 2022 to Mar 30, 2023
      • Assets in custody · $1.3B to $995M
        Mar 26, 2021 to Mar 31, 2022
      • Discretionary RAUM · $2.0B to $1.7B
        Mar 26, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $2.0B to $1.7B
        Mar 26, 2021 to Mar 31, 2022
      • RAUM · $2.0B to $1.7B
        Mar 26, 2021 to Mar 31, 2022
      • Advisory employees · 10 to 11
        Mar 18, 2020 to Mar 26, 2021
      • Assets in custody · $1.2B to $1.3B
        Mar 18, 2020 to Mar 26, 2021
      • Employees · 13 to 14
        Mar 18, 2020 to Mar 26, 2021
      • Discretionary RAUM · $2.0B to $2.0B
        Mar 18, 2020 to Mar 26, 2021
      • Pooled vehicle RAUM · $2.0B to $2.0B
        Mar 18, 2020 to Mar 26, 2021
      • RAUM · $2.0B to $2.0B
        Mar 18, 2020 to Mar 26, 2021
      • Accounts · 7 to 6
        Mar 29, 2019 to Mar 18, 2020
      • Pooled vehicle clients · 7 to 6
        Mar 29, 2019 to Mar 18, 2020
      Signals
      3 dated events
      • N••••••• C•••••• P•••••••• L•• reported RAUM $544.5M, down 33% from $808.8M (2025-03-26 to 2026-03-26)
        Mar 26, 2026 · RAUM change · derived
      • N••••••• C•••••• P•••••••• L•• reported RAUM $808.8M, down 26% from $1.1B (2024-03-28 to 2025-03-26)
        Mar 26, 2025 · RAUM change · derived
      • N••••••• C•••••• P•••••••• L•• reported RAUM $2.0B, up 56% from $1.3B (2019-03-29 to 2020-03-18)
        Mar 18, 2020 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      N•••••••.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      214-753-4300reportedpublic record, Form ADV, Sep 1, 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
      $272Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026