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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Former SEC-registered adviser

S•••••• H•••• W••••• M•••••••••

Former SEC-registered adviserAustin, TexasCRD 166030SEC 801-79992IAPD
Legal name S•••••• H•••• W••••• M••••••••• L••
Latest filing Mar 28, 2023
First filing on the tape Jun 23, 2014 · 23 filings
RAUM
$241M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
100%
$241M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$241M as of Mar 28, 2023
Mar 30, 2015$118M then
HNW client RAUM$224M as of Mar 28, 2023
Mar 20, 2018$50.1M then
State-registered IARs (5.B.3)5 as of Mar 28, 2023
Mar 30, 20153 then
Employees (5.A)6 as of Mar 28, 2023
Mar 30, 20153 then
Private funds3 as of Mar 20, 2018
Mar 28, 20173 then
RAUM -12% over the last fiscal year-3.1% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 28, 2023; every figure names its basis
RAUM per advisor
$48.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
37derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.8MderivedHNW RAUM over HNW clients
Average account
$380,862derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-12%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.7%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$224M93%
  • Individuals$16.9M7.0%
Individual clients
56reported
HNW clients
127reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
632reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
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
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    3 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    S•••••• H•••• C•••• I• I••••••••• L•no longer reportedPrivate Equity Fund$1.3M10Mar 17, 2017
    S•••••• H•••• C••••••• I••••••••• L•no longer reportedPrivate Equity Fund$938,5189Mar 17, 2017
    S•••••• H•••• G•••••••• I••••••••• L•no longer reportedPrivate Equity Fund$09Mar 17, 2017
    Owners and control persons
    Schedule A and B, latest filing
    • B••••• T•••••• W•••••• · Managing Member / Chief Compliance Officercontrol
      since 10/2012 · owns 75% or more
    • W•••••• J••••• A•••• · Membercontrol
      since 10/2012 · owns 25% to 50%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 592 to 632
      Mar 24, 2022 to Mar 28, 2023
    • Advisory employees · 5 to 4
      Mar 24, 2022 to Mar 28, 2023
    • HNW clients · 124 to 127
      Mar 24, 2022 to Mar 28, 2023
    • Employees · 7 to 6
      Mar 24, 2022 to Mar 28, 2023
    • Discretionary RAUM · $271M to $239M
      Mar 24, 2022 to Mar 28, 2023
    • HNW RAUM · $254M to $224M
      Mar 24, 2022 to Mar 28, 2023
    • Individual RAUM · $19.8M to $16.9M
      Mar 24, 2022 to Mar 28, 2023
    • Non-discretionary RAUM · $2.4M to $1.8M
      Mar 24, 2022 to Mar 28, 2023
    • RAUM · $273M to $241M
      Mar 24, 2022 to Mar 28, 2023
    • Accounts · 548 to 592
      Oct 7, 2021 to Mar 24, 2022
    • HNW clients · 111 to 124
      Oct 7, 2021 to Mar 24, 2022
    • Individual clients · 53 to 56
      Oct 7, 2021 to Mar 24, 2022
    • Employees · 5 to 7
      Oct 7, 2021 to Mar 24, 2022
    • Financial planning clients · 11-25 to 1-10
      Oct 7, 2021 to Mar 24, 2022
    • Discretionary RAUM · $211M to $271M
      Oct 7, 2021 to Mar 24, 2022
    • HNW RAUM · $198M to $254M
      Oct 7, 2021 to Mar 24, 2022
    • Individual RAUM · $16.0M to $19.8M
      Oct 7, 2021 to Mar 24, 2022
    • Non-discretionary RAUM · $2.8M to $2.4M
      Oct 7, 2021 to Mar 24, 2022
    • RAUM · $214M to $273M
      Oct 7, 2021 to Mar 24, 2022
    • Accounts · 533 to 548
      Apr 16, 2020 to Mar 17, 2021
    • Advisory employees · 4 to 5
      Apr 16, 2020 to Mar 17, 2021
    • HNW clients · 113 to 111
      Apr 16, 2020 to Mar 17, 2021
    • Individual clients · 55 to 53
      Apr 16, 2020 to Mar 17, 2021
    • Employees · 4 to 5
      Apr 16, 2020 to Mar 17, 2021
    • State-registered IARs · 4 to 5
      Apr 16, 2020 to Mar 17, 2021
    • Discretionary RAUM · $175M to $211M
      Apr 16, 2020 to Mar 17, 2021
    • HNW RAUM · $163M to $198M
      Apr 16, 2020 to Mar 17, 2021
    • Individual RAUM · $13.8M to $16.0M
      Apr 16, 2020 to Mar 17, 2021
    • Non-discretionary RAUM · $1.8M to $2.8M
      Apr 16, 2020 to Mar 17, 2021
    • RAUM · $177M to $214M
      Apr 16, 2020 to Mar 17, 2021
    • Accounts · 666 to 533
      Mar 24, 2020 to Apr 16, 2020
    • Advisory employees · 5 to 4
      Mar 24, 2020 to Apr 16, 2020
    • HNW clients · 138 to 113
      Mar 24, 2020 to Apr 16, 2020
    • Individual clients · 66 to 55
      Mar 24, 2020 to Apr 16, 2020
    • Employees · 5 to 4
      Mar 24, 2020 to Apr 16, 2020
    • State-registered IARs · 5 to 4
      Mar 24, 2020 to Apr 16, 2020
    • Discretionary RAUM · $262M to $175M
      Mar 24, 2020 to Apr 16, 2020
    • HNW RAUM · $238M to $163M
      Mar 24, 2020 to Apr 16, 2020
    • Individual RAUM · $20.7M to $13.8M
      Mar 24, 2020 to Apr 16, 2020
    • Non-discretionary RAUM · $2.2M to $1.8M
      Mar 24, 2020 to Apr 16, 2020
    Signals
    10 dated events
    • K•••• M••••• P•••• left S•••••• H•••• W••••• M••••••••• for W•••••• A•••••••• L•• (registered 2023-07-13)
      Aug 17, 2023 · Advisor changed firm · fact
    • J•••• A•••• W••••• left S•••••• H•••• W••••• M••••••••• for W•••••• A•••••••• L•• (registered 2023-07-14)
      Aug 17, 2023 · Advisor changed firm · fact
    • G••••• M•••• M••••• left S•••••• H•••• W••••• M••••••••• for W•••••• A•••••••• L•• (registered 2023-07-14)
      Aug 17, 2023 · Advisor changed firm · fact
    • T••••• W•••••• B•••• left S•••••• H•••• W••••• M••••••••• for W•••••• A•••••••• L•• (registered 2023-07-14)
      Aug 17, 2023 · Advisor changed firm · fact
    • S•••••• H•••• W••••• M•••••••••'s advisors moved to W•••••• A•••••••• L•• (Austin, TX): 4 of 4 registered, on the same day
      Aug 17, 2023 · Firm absorbed (people side) · derived
    • L•••• D••• R••••• left S•••••• H•••• W••••• M••••••••• for I••••••••• D••••• A•••••••• L•• (registered 2023-04-25)
      Apr 5, 2023 · Advisor changed firm · fact
    • G•••••• K••• left S•••••• H•••• W••••• M••••••••• for M•••••• W••••• M••••••••• L• (registered 2023-03-10)
      Mar 6, 2023 · Advisor changed firm · fact
    • R•••••• S•••• W••••• left S•••••• H•••• W••••• M••••••••• for M••••••• W••••• P••••••• (registered 2022-11-08)
      Oct 19, 2022 · Advisor changed firm · fact
    • Heidi Pamela Friedman (Member And Cco) no longer on Schedule A of S•••••• H•••• W••••• M••••••••• (listed 2019-03-28, absent 2020-03-24)
      Mar 24, 2020 · Control person left · inference
    • S•••••• H•••• W••••• M••••••••• filed its initial SEC registration (Form ADV)
      Jun 23, 2014 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    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
    Former SEC-registered adviserderiveda 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