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

S••••• C••••••• L••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 161829SEC 801-74547websiteIAPD
Latest filing Jun 23, 2026
First filing on the tape Mar 7, 2012 · 29 filings
SEC status approved since Mar 30, 2012
RAUM
$1.6B
reported, Item 5.F
Discretionary
34%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$323M
derived; firm RAUM over IAPD count
Employees
33
17 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
15
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$1.6B as of Jun 23, 2026
Mar 28, 2013$238M then
HNW client RAUM$0 as of Jun 23, 2026
Mar 28, 2018$0 then
State-registered IARs (5.B.3)5 as of Jun 23, 2026
Mar 28, 20135 then
Employees (5.A)33 as of Jun 23, 2026
Mar 28, 201316 then
Private funds15 as of Jun 23, 2026
Mar 28, 20134 then
RAUM +13% over the last fiscal year+7.0% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Jun 23, 2026; every figure names its basis
RAUM per advisor
$323MderivedRAUM 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
$108MderivedRAUM over accounts (5.F.2.f)
Discretionary
34%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
6.6derivedItem 5.A over advisors
Advisors per office
2.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+13%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
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)
  • 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$1.6B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
15reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
5 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J•••• E••••• H•••••••Dallas, TxApr 16, 201214 y0
J••• R•••••• G•••••Dallas, TxNov 8, 201221 y0
E••••• R••••• B••••Dallas, TxNov 8, 201217 y0
S•••• C•••• V•••••••••Dallas, TxNov 8, 201217 y0
R•••••• M••• E•••••••Dallas, TxNov 8, 201217 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
      16 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S••••• A•••• I•• L•Hedge Fund$306M150Mar 31, 2016
      S••••• A••••• L•Hedge Fund$272M87Mar 7, 2012
      S••••• C•••••• S•••••••• O••••••••• L•Private Equity Fund$169M94Mar 7, 2012
      S••••• C••••••••• P•••••••• L•Private Equity Fund$155M168Mar 30, 2020
      S••••• C•••••• I••• L•Private Equity Fund$119M93Mar 30, 2017
      S••••• T••••••• P•••••••• L•Private Equity Fund$35.3M58Mar 31, 2022
      S••••• E••••••••• P•••••••• L•Hedge Fund$27.2M30Jul 20, 2022
      S••••• C••••••••• P••••••• I•• L•Private Equity Fund$12.2M25Mar 31, 2022
      S••••• N•••• P••••••• L•Private Equity Fund$6.1M24Mar 31, 2023
      S••••• N•••• C•••••••• L•Private Equity Fund$3.3M25Apr 29, 2024
      S••••• H••• L•Private Equity Fund$2.0M43Mar 28, 2018
      S••••• S••••••• L•Private Equity Fund$1.4M50Mar 29, 2019
      S••••• C•••••• 2•••• L•Private Equity Fund$474,74165Mar 7, 2012
      S••••• A•••• H••••••• L•Private Equity Fund$427,06552Mar 31, 2016
      S••••• C•••••• 2•••••• L•no longer reportedPrivate Equity Fund$418,50643Mar 7, 2012
      S••••• C•••••• I• L•Private Equity Fund$00Mar 29, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• E•••••• R••••• · Principalcontrol
        since 11/2008 · owns less than 5%
      • E•••••••• R••••••• M••• · Managing Partnercontrol
        since 11/2008 · owns less than 5%
      • G•••••• J•••• R•••••• · Partnercontrol
        since 11/2009 · owns less than 5%
      • H•••••••• J••••• E••••• · Partner & Cio, S••••• A•••• Management, LLCcontrol
        since 01/2012 · owns less than 5%
      • H••••••• W•••••• •••• · Partner, Chief Operating Officer, Chief Financial Officer And Chief Compliance Officercontrol
        since 02/2014 · owns less than 5%
      • V••••••••• S••••• C•••• · Managing Partnercontrol
        since 11/2008 · owns less than 5%
      • E•••••••• R••••••• M••• · Trusteecontrol
        since 04/2000 · owns 75% or more of T••• H•••• I••••••••• T••••
      • V••••••••• S••••• C•••• · Trusteecontrol
        since 01/2021 · owns 75% or more of S•• I••••••••• T••••
      Entity owners
      • R••••• G•••• P•••••••• L• · Owner
        direct · owns 50% to 75%
      • T••• H•••• I••••••••• T•••• · Owner
        direct · owns 50% to 75%
      • S•• I••••••••• T•••• · Owner
        indirect · owns 75% or more of R••••• G•••• P•••••••• L•
      Related persons
      Schedule D 7.A
      No related person reported.
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Dallas, Tx · principal500
      Offices
      Schedule D 1.F, the 25 largest
      • Fort Worth, TX3 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • discretionary share shiftChange between filings · filing Mar 27, 2026
        discretionary share of RAUM moved from 54.0% to 34.0% between the annual amendments of 2025-03-31 and 2026-03-27
        peers: asset managers, $1B to $5B (1,506)
      What changed
      consecutive filings, newest first
      • Advisory employees · 16 to 17
        Mar 31, 2025 to Mar 27, 2026
      • Employees · 35 to 33
        Mar 31, 2025 to Mar 27, 2026
      • Discretionary RAUM · $771M to $542M
        Mar 31, 2025 to Mar 27, 2026
      • Non-discretionary RAUM · $653M to $1.1B
        Mar 31, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $1.4B to $1.6B
        Mar 31, 2025 to Mar 27, 2026
      • RAUM · $1.4B to $1.6B
        Mar 31, 2025 to Mar 27, 2026
      • Advisory employees · 15 to 16
        Feb 26, 2025 to Mar 31, 2025
      • Financial planning clients · unset to
        Feb 26, 2025 to Mar 31, 2025
      • Discretionary RAUM · $723M to $771M
        Feb 26, 2025 to Mar 31, 2025
      • Non-discretionary RAUM · $721M to $653M
        Feb 26, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · $1.4B to $1.4B
        Feb 26, 2025 to Mar 31, 2025
      • RAUM · $1.4B to $1.4B
        Feb 26, 2025 to Mar 31, 2025
      • Employees · 29 to 35
        Mar 29, 2024 to Apr 29, 2024
      • Private funds · 14 to 15
        Mar 29, 2024 to Apr 29, 2024
      • Discretionary RAUM · $717M to $723M
        Mar 29, 2024 to Apr 29, 2024
      • Pooled vehicle RAUM · $1.4B to $1.4B
        Mar 29, 2024 to Apr 29, 2024
      • RAUM · $1.4B to $1.4B
        Mar 29, 2024 to Apr 29, 2024
      • Accounts · 13 to 15
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 13 to 15
        Mar 31, 2023 to Mar 29, 2024
      • Private funds · 13 to 14
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $590M to $717M
        Mar 31, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $726M to $721M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $1.3B to $1.4B
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $1.3B to $1.4B
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 11 to 13
        Nov 4, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 11 to 13
        Nov 4, 2022 to Mar 31, 2023
      • Private funds · 12 to 13
        Nov 4, 2022 to Mar 31, 2023
      • Discretionary RAUM · $695M to $590M
        Nov 4, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $781M to $726M
        Nov 4, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $1.5B to $1.3B
        Nov 4, 2022 to Mar 31, 2023
      • RAUM · $1.5B to $1.3B
        Nov 4, 2022 to Mar 31, 2023
      • Private funds · 11 to 12
        Apr 27, 2022 to Jul 20, 2022
      • Accounts · 9 to 11
        Mar 31, 2021 to Mar 31, 2022
      • Advisory employees · 13 to 15
        Mar 31, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 9 to 11
        Mar 31, 2021 to Mar 31, 2022
      • Employees · 30 to 29
        Mar 31, 2021 to Mar 31, 2022
      • Private funds · 9 to 11
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $375M to $695M
        Mar 31, 2021 to Mar 31, 2022
      • Non-discretionary RAUM · $674M to $781M
        Mar 31, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $1.0B to $1.5B
        Mar 31, 2021 to Mar 31, 2022
      Signals
      3 dated events
      • S••••• C••••••• L•• reported RAUM $1.5B, up 41% from $1.0B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Benoit William Holloway (Chief Operating Officer & General Counsel) no longer on Schedule A of S••••• C••••••• L•• (listed 2019-03-29, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • S••••• C••••••• L•• reported RAUM $974.5M, up 53% from $637.4M (2018-01-29 to 2018-03-28)
        Mar 28, 2018 · 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
      S•••••A••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      214-390-6270reportedpublic record, Form ADV, Jun 23, 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
      $323Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      S••••• C••••••• L•• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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