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.

SEC-registered adviser

Schulz Wealth, Ltd.

Independent wealth managerMansfield, TexasCRD 172194SEC 801-113536websiteIAPD
Latest filing Sep 9, 2026
First filing on the tape Jun 4, 2018 · 20 filings
SEC status approved since Jul 5, 2018
RAUM
$438M
reported, Item 5.F
Discretionary
71%
of RAUM
Private clients
71%
$312M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$146M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$438M as of Feb 25, 2026
Feb 6, 2019$111M then
HNW client RAUM$289M as of Feb 25, 2026
Feb 6, 2019$48.8M then
State-registered IARs (5.B.3)3 as of Feb 25, 2026
Feb 6, 20192 then
Employees (5.A)3 as of Feb 25, 2026
Feb 6, 20193 then
Private funds: no history
RAUM +21% over the last fiscal year+24% a year over threeIARs 2 to 3offices 1 to 2
Practice profile
derived from the filing of Sep 9, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
RAUM per advisor
$146MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
57derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$713,449derivedRAUM over accounts (5.F.2.f)
Discretionary
71%derivedof RAUM
Institutional
29%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+50%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.6%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Custody
$132M, 113 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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
  • High-net-worth individuals$289M66%
  • Pension and profit-sharing plans$127M29%
  • Individuals$22.6M5.2%
Individual clients
66reported
HNW clients
104reported
Pension plan clients
6reported
Charitable clients
n/areported
Accounts
614reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
$132M for 113 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.71 fund_share=0.0 institutional_share=0.29 related_bd= related_bank= bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Robert Rankin SchulzCertified Financial PlannerMansfield, TxSep 30, 201430 y3
Austin M SmithCertified Financial Planner, Chartered Financial AnalystMansfield, TxAug 6, 201826 y0
Krystal Ann LafolletteMansfield, TxNov 19, 202511 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
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Rankin Robert Schulz · Chief Compliance Officer And Presidentcontrol
    since 09/2014 · owns 75% or more
  • M Austin Smith · Chief Investment Officer
    since 01/2021 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Mansfield, Tx · principal310
Offices
Schedule D 1.F, the 25 largest
  • Irving, TX2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • very high RAUM per advisorStatic outlier · filing Sep 9, 2026
    RAUM per registered advisor of $146,019,217 against a peer median of $55,716,044 (3252 comparable advisers, 98.0th percentile, 3.2 robust deviations)
    peers: independent wealth managers, $100M to $500M (3,252) · 98% percentile
What changed
consecutive filings, newest first
  • Financial planning clients · 101-250 to 101-250
    Feb 25, 2026 to Sep 9, 2026
  • Related adviser · false to unset
    Feb 25, 2026 to Sep 9, 2026
  • Related bank · false to unset
    Feb 25, 2026 to Sep 9, 2026
  • Related broker-dealer · false to unset
    Feb 25, 2026 to Sep 9, 2026
  • Related insurance company · false to unset
    Feb 25, 2026 to Sep 9, 2026
  • Succession · false to unset
    Feb 25, 2026 to Sep 9, 2026
  • Accounts · 564 to 614
    Dec 10, 2025 to Feb 25, 2026
  • Corporate clients · 1.0 to unset
    Dec 10, 2025 to Feb 25, 2026
  • HNW clients · 94 to 104
    Dec 10, 2025 to Feb 25, 2026
  • Individual clients · 75 to 66
    Dec 10, 2025 to Feb 25, 2026
  • Assets in custody · $157M to $132M
    Dec 10, 2025 to Feb 25, 2026
  • Employees · 4 to 3
    Dec 10, 2025 to Feb 25, 2026
  • Discretionary RAUM · $261M to $312M
    Dec 10, 2025 to Feb 25, 2026
  • HNW RAUM · $235M to $289M
    Dec 10, 2025 to Feb 25, 2026
  • Individual RAUM · $22.5M to $22.6M
    Dec 10, 2025 to Feb 25, 2026
  • Non-discretionary RAUM · $103M to $127M
    Dec 10, 2025 to Feb 25, 2026
  • Pension RAUM · $103M to $127M
    Dec 10, 2025 to Feb 25, 2026
  • RAUM · $363M to $438M
    Dec 10, 2025 to Feb 25, 2026
  • Advisory employees · 2 to 3
    Jul 24, 2025 to Dec 10, 2025
  • Employees · 3 to 4
    Jul 24, 2025 to Dec 10, 2025
  • State-registered IARs · 2 to 3
    Jul 24, 2025 to Dec 10, 2025
  • Financial planning clients · 101-250 to 101-250
    Mar 13, 2025 to Jul 24, 2025
  • Other offices · 1 to 2
    Mar 13, 2025 to Jul 24, 2025
  • Accounts · 497 to 564
    Jun 14, 2024 to Mar 13, 2025
  • HNW clients · 86 to 94
    Jun 14, 2024 to Mar 13, 2025
  • Individual clients · 71 to 75
    Jun 14, 2024 to Mar 13, 2025
  • Assets in custody · $243M to $157M
    Jun 14, 2024 to Mar 13, 2025
  • Discretionary RAUM · $230M to $261M
    Jun 14, 2024 to Mar 13, 2025
  • HNW RAUM · $205M to $235M
    Jun 14, 2024 to Mar 13, 2025
  • Individual RAUM · $24.4M to $22.5M
    Jun 14, 2024 to Mar 13, 2025
  • Non-discretionary RAUM · $90.8M to $103M
    Jun 14, 2024 to Mar 13, 2025
  • Pension RAUM · $90.8M to $103M
    Jun 14, 2024 to Mar 13, 2025
  • RAUM · $321M to $363M
    Jun 14, 2024 to Mar 13, 2025
  • Advisory employees · 3 to 2
    Feb 2, 2024 to Jun 14, 2024
  • Employees · 4 to 3
    Feb 2, 2024 to Jun 14, 2024
  • State-registered IARs · 3 to 2
    Feb 2, 2024 to Jun 14, 2024
  • Accounts · 571 to 497
    Feb 7, 2023 to Feb 2, 2024
  • HNW clients · 101 to 86
    Feb 7, 2023 to Feb 2, 2024
  • Individual clients · 70 to 71
    Feb 7, 2023 to Feb 2, 2024
  • Pension plan clients · 5 to 6
    Feb 7, 2023 to Feb 2, 2024
Signals
2 dated events
  • Spies Michelle Schulz (Shareholder) no longer on Schedule A of Schulz Wealth, Ltd. (listed 2020-11-19, absent 2021-01-27)
    Jan 27, 2021 · Control person left · inference
  • Schulz Wealth, Ltd. filed its initial SEC registration (Form ADV)
    Jun 4, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
817-405-4014reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/schulz-wealthreportedpublic record, Form ADV, Sep 17, 2026
Website
schulzwealth.com/blog/priorities-and-lifestylereportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
817-405-4014reportedpublic record, Form ADV, Sep 9, 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$146Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026