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••••• I••••••••• F••••
Legal name D•••• S•••••• L••
Latest filing Aug 27, 2026
First filing on the tape Feb 15, 2012 · 41 filings
SEC status approved since Mar 12, 2012
RAUM
$936M
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
$936M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
5
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$936M as of Aug 27, 2026
Mar 1, 2013$485M then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Aug 27, 2026
Mar 1, 20130 then
Employees (5.A)3 as of Aug 27, 2026
Mar 1, 20132 then
Private funds5 as of Aug 27, 2026
Mar 1, 20133 then
RAUM -16% over the last fiscal year+14% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Aug 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
- $936MderivedRAUM 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
- $117MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 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
- $936M, 8 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$934M100%
- Pension and profit-sharing plans$1.7M0.2%
- Corporations and businesses$98,4410.0%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 8reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $936M for 8 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=true bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• N••• P••••• | West Lake Hills, Tx | Oct 14, 2021 | 21 y | 0 |
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
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| P••••• I••••••••• F••• 3• L••• | Hedge Fund | $276M | 141 | Feb 15, 2012 |
| T•• P••••• I••••••••• F••• I•• L••• | Hedge Fund | $253M | 94 | Feb 15, 2012 |
| T•• P••••• I••••••••• F••• I•• L••• | Hedge Fund | $236M | 127 | Feb 15, 2012 |
| D•••••• H•••••••• L••• | Private Equity Fund | $23.0M | 79 | Mar 27, 2014 |
| D•••••• H••••••• Q•••••••• P••••••••• L••• | Private Equity Fund | $8.1M | 33 | Mar 27, 2014 |
Owners and control persons
Schedule A and B, latest filing
- P•••••• M••••••• N••• · Managing Membercontrolsince 05/2005 · owns less than 5%
- P•••••• M••••••• N••• · Trustee, M•••••• P••••• Trust D•••• O•••••• 20, 2020 And Any A••••••••• T••••••controlsince 10/2020 · owns 75% or more of M•••••• P••••• T••••• D•••• O•••••• 2•• 2••• A•• A•• A••••••••• T••••••
- M••••••• F••••• S•• · Chief Compliance Officersince 01/2018 · owns less than 5%
Entity owners
- M•••••• P••••• T••••• D•••• O•••••• 2•• 2••• A•• A•• A••••••••• T•••••• · Owner And Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- P••••• Wagons Advisorsinvestment adviserbankpooled vehicle sponsoryRAUM $104M
Advisers that list P••••• I••••••••• F•••• as a related person
- 283147 y
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Assets in custody · $1.1B to $936MMar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.1B to $936MMar 31, 2025 to Mar 31, 2026
- Pension RAUM · $1.2M to $1.7MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $1.1B to $934MMar 31, 2025 to Mar 31, 2026
- RAUM · $1.1B to $936MMar 31, 2025 to Mar 31, 2026
- Assets in custody · $798M to $1.1BMar 29, 2024 to Mar 31, 2025
- Employees · 2 to 3Mar 29, 2024 to Mar 31, 2025
- Financial planning clients · unset to Mar 29, 2024 to Mar 31, 2025
- Discretionary RAUM · $798M to $1.1BMar 29, 2024 to Mar 31, 2025
- Pension RAUM · $864,822 to $1.2MMar 29, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $797M to $1.1BMar 29, 2024 to Mar 31, 2025
- RAUM · $798M to $1.1BMar 29, 2024 to Mar 31, 2025
- Accounts · 10 to 8Jan 17, 2024 to Mar 29, 2024
- Pooled vehicle clients · 8 to 6Jan 17, 2024 to Mar 29, 2024
- Assets in custody · $566M to $798MJan 17, 2024 to Mar 29, 2024
- Discretionary RAUM · $638M to $798MJan 17, 2024 to Mar 29, 2024
- Pension RAUM · $175,022 to $864,822Jan 17, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $637M to $797MJan 17, 2024 to Mar 29, 2024
- RAUM · $638M to $798MJan 17, 2024 to Mar 29, 2024
- Related bank · false to trueJan 17, 2024 to Mar 29, 2024
- HQ city · AUSTIN to WEST LAKE HILLSOct 12, 2023 to Jan 16, 2024
- Assets in custody · $619M to $566MApr 18, 2022 to Mar 30, 2023
- Insurance-licensed employees · 0 to 1Apr 18, 2022 to Mar 30, 2023
- Discretionary RAUM · $735M to $638MApr 18, 2022 to Mar 30, 2023
- Pension RAUM · $432,681 to $175,022Apr 18, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $734M to $637MApr 18, 2022 to Mar 30, 2023
- RAUM · $735M to $638MApr 18, 2022 to Mar 30, 2023
- Accounts · 8 to 10Nov 4, 2021 to Mar 30, 2022
- Pooled vehicle clients · 6 to 8Nov 4, 2021 to Mar 30, 2022
- Assets in custody · $638M to $619MNov 4, 2021 to Mar 30, 2022
- State-registered IARs · 0 to 1Nov 4, 2021 to Mar 30, 2022
- Discretionary RAUM · $638M to $735MNov 4, 2021 to Mar 30, 2022
- Pension RAUM · $500,000 to $432,681Nov 4, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $637M to $734MNov 4, 2021 to Mar 30, 2022
- RAUM · $638M to $735MNov 4, 2021 to Mar 30, 2022
- HQ city · IRVINE to AUSTINAug 13, 2021 to Sep 13, 2021
- HQ state · CA to TXAug 13, 2021 to Sep 13, 2021
- Succession · true to falseAug 11, 2021 to Aug 13, 2021
- Succession · false to trueApr 29, 2021 to Aug 11, 2021
- Assets in custody · $675M to $638MMay 1, 2020 to Mar 30, 2021
Signals
5 dated events
- P••••• I••••••••• F•••• reported RAUM $1.1B, up 39% from $798.3M (2024-03-29 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- P••••• I••••••••• F•••• reported RAUM $798.3M, up 25% from $637.6M (2024-01-17 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- P••••• I••••••••• F•••• reported succeeding to the business of Another Adviser (Form ADV Item 4)Aug 11, 2021 · Succession (Item 4) · fact
- P••••• I••••••••• F•••• reported RAUM $643.9M, down 37% from $1.0B (2018-09-18 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
- P••••• I••••••••• F•••• reported RAUM $1.0B, up 57% from $664.4M (2017-05-25 to 2018-03-30)Mar 30, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- P••••• I••••••••• F•••• · Independent Sponsorsshared crd · capital_provider
- P••••• I••••••••• F•••• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- pabraifunds.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 512-999-7110reportedpublic record, Form ADV, Aug 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
- $936Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026