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•••••• M••••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Sep 9, 2019 · 12 filings
SEC status approved since Oct 9, 2019
RAUM
$203M
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
$203M
derived; firm RAUM over IAPD count
Employees
6
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
20
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$203M as of Mar 30, 2026
Mar 25, 2020$183M then
HNW client RAUM$0 as of Mar 30, 2026
Mar 25, 2020$0 then
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 25, 20200 then
Employees (5.A)6 as of Mar 30, 2026
Mar 25, 20206 then
Private funds20 as of Mar 30, 2026
Mar 25, 202021 then
RAUM -18% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 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
- $203MderivedRAUM 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
- $10.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 6.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -18%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
- $203M, 20 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)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$203M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 20reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $203M for 20 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
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L••••• W•••• K•••• | Fort Worth, Tx | Jul 11, 2020 | 30 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
27 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| B••• F••• I•• Q•• L• | Venture Capital Fund | $86.4M | 305 | Mar 25, 2020 |
| B••• F••• I• Q•• L• | Venture Capital Fund | $27.4M | 112 | Mar 30, 2018 |
| B••• A•••••• C•••••••• I•• L• | Venture Capital Fund | $16.4M | 94 | Mar 31, 2021 |
| B••• F••• I•• N•• L• | Venture Capital Fund | $14.6M | 20 | Mar 25, 2020 |
| B••• F••• I••• L• | Venture Capital Fund | $12.7M | 92 | Mar 25, 2020 |
| B••• F••• I• L• | Venture Capital Fund | $11.3M | 89 | Mar 30, 2018 |
| B••• L•• C•••••••• I•• Q•• L• | Venture Capital Fund | $10.8M | 30 | Sep 9, 2019 |
| B••• L•• C•••••••• I••• L• | Venture Capital Fund | $10.5M | 100 | Sep 9, 2019 |
| B••• O•• C•••••••• I• L• | Venture Capital Fund | $9.7M | 83 | Mar 31, 2021 |
| S••••••• L••• T••••••••• S••• L• | Venture Capital Fund | $8.8M | 19 | Oct 26, 2015 |
| B••• F••• I•• L• | Venture Capital Fund | $8.4M | 86 | Mar 30, 2018 |
| B••• F••• I• Q•• L• | Venture Capital Fund | $6.6M | 33 | Mar 30, 2018 |
| B••• S•••••• C•••••••• I• L• | Venture Capital Fund | $5.4M | 95 | Mar 29, 2022 |
| B••• S•••••• C•••••••• I• Q•• L• | Venture Capital Fund | $5.4M | 35 | Mar 29, 2022 |
| B••• A•••••• C•••••••• I••• L• | Venture Capital Fund | $4.8M | 21 | Mar 30, 2023 |
| B••• L•• S•• I•• L• | Venture Capital Fund | $3.7M | 49 | Feb 16, 2016 |
| B••• F••• I• N•• L• | Venture Capital Fund | $3.7M | 19 | Sep 19, 2018 |
| B••• M••••• S•• I• L• | Venture Capital Fund | $2.6M | 42 | Oct 26, 2015 |
| B••• I••••••• C•••••••• I• L• | Venture Capital Fund | $2.4M | 51 | Sep 9, 2019 |
| B••• A•••••• C•••••••• I• L• | Venture Capital Fund | $2.4M | 41 | Sep 9, 2019 |
| B••• I•••••• C•••••••• I• L• | Venture Capital Fund | $1.4M | 63 | Sep 19, 2018 |
| B••• M••••• S•• I•• L• | Venture Capital Fund | $712,709 | 30 | Mar 30, 2016 |
| B••• A••••• C•••••••• I• L• | Venture Capital Fund | $412,585 | 43 | Sep 9, 2019 |
| S•• K•••• S•• I• L•no longer reported | Venture Capital Fund | $150,000 | 1 | Oct 26, 2015 |
| B••• V••••• S•• I•• L• | Venture Capital Fund | $33,404 | 46 | Oct 26, 2015 |
| S•• V•••••• L• | Venture Capital Fund | $29,750 | 33 | Oct 26, 2015 |
| B••• O•• S•• I• L• | Venture Capital Fund | $0 | 33 | Mar 28, 2017 |
Owners and control persons
Schedule A and B, latest filing
- K••••• L•••••• W•••• · Principal And Chief Compliance Officercontrolsince 01/2011 · owns 75% or more
Related persons
Schedule D 7.A
- B••• E••••• P••••••• I•• L•pooled vehicle sponsorn
- B••• E••••• P••••••• I••• L•pooled vehicle sponsorn
- B••• E••••• P•••••••• L•pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 21 to 20May 27, 2025 to Mar 30, 2026
- Pooled vehicle clients · 21 to 20May 27, 2025 to Mar 30, 2026
- Assets in custody · $225M to $203MMay 27, 2025 to Mar 30, 2026
- Private funds · 21 to 20May 27, 2025 to Mar 30, 2026
- Discretionary RAUM · $225M to $203MMay 27, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $225M to $203MMay 27, 2025 to Mar 30, 2026
- RAUM · $225M to $203MMay 27, 2025 to Mar 30, 2026
- Assets in custody · $247M to $225MMar 29, 2025 to May 27, 2025
- Financial planning clients · unset to Mar 29, 2025 to May 27, 2025
- Discretionary RAUM · $247M to $225MMar 29, 2025 to May 27, 2025
- Pooled vehicle RAUM · $247M to $225MMar 29, 2025 to May 27, 2025
- RAUM · $247M to $225MMar 29, 2025 to May 27, 2025
- Accounts · 22 to 21Mar 28, 2024 to Mar 29, 2025
- Pooled vehicle clients · 22 to 21Mar 28, 2024 to Mar 29, 2025
- Assets in custody · $248M to $247MMar 28, 2024 to Mar 29, 2025
- Private funds · 22 to 21Mar 28, 2024 to Mar 29, 2025
- Discretionary RAUM · $248M to $247MMar 28, 2024 to Mar 29, 2025
- Pooled vehicle RAUM · $248M to $247MMar 28, 2024 to Mar 29, 2025
- RAUM · $248M to $247MMar 28, 2024 to Mar 29, 2025
- Accounts · 26 to 22Mar 30, 2023 to Mar 28, 2024
- Pooled vehicle clients · 26 to 22Mar 30, 2023 to Mar 28, 2024
- Assets in custody · $289M to $248MMar 30, 2023 to Mar 28, 2024
- Private funds · 26 to 22Mar 30, 2023 to Mar 28, 2024
- Discretionary RAUM · $289M to $248MMar 30, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $289M to $248MMar 30, 2023 to Mar 28, 2024
- RAUM · $289M to $248MMar 30, 2023 to Mar 28, 2024
- Accounts · 25 to 26Feb 3, 2023 to Mar 30, 2023
- Pooled vehicle clients · 25 to 26Feb 3, 2023 to Mar 30, 2023
- Private funds · 25 to 26Feb 3, 2023 to Mar 30, 2023
- Discretionary RAUM · $288M to $289MFeb 3, 2023 to Mar 30, 2023
- Pooled vehicle RAUM · $288M to $289MFeb 3, 2023 to Mar 30, 2023
- RAUM · $288M to $289MFeb 3, 2023 to Mar 30, 2023
- Related adviser · true to falseFeb 3, 2023 to Mar 30, 2023
- Assets in custody · $252M to $289MMar 30, 2023 to Mar 30, 2023
- Accounts · 23 to 25Oct 12, 2021 to Mar 29, 2022
- Pooled vehicle clients · 23 to 25Oct 12, 2021 to Mar 29, 2022
- Private funds · 23 to 25Oct 12, 2021 to Mar 29, 2022
- Discretionary RAUM · $252M to $288MOct 12, 2021 to Mar 29, 2022
- Pooled vehicle RAUM · $252M to $288MOct 12, 2021 to Mar 29, 2022
- RAUM · $252M to $288MOct 12, 2021 to Mar 29, 2022
Signals
4 dated events
- Sean Patrick Browning (Vice President, Chief Compliance Officer) no longer on Schedule A of S•••••••• C•••••• M••••••••• L•• (listed 2022-03-29, absent 2023-02-03)Feb 3, 2023 · Control person left · inference
- Sean Patrick Browning (Vice President, Chief Compliance Officer) appeared on Schedule A of S•••••••• C•••••• M••••••••• L••Oct 12, 2021 · Control person joined · fact
- J Daniel Schwarz (Chief Compliance Officer And Chief Financial Officer) no longer on Schedule A of S•••••••• C•••••• M••••••••• L•• (listed 2021-03-31, absent 2021-10-12)Oct 12, 2021 · Control person left · inference
- S•••••••• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Sep 9, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- S•••••••• C•••••• M••••••••• L•• · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- H•••S://WWW.LINKEDIN.COM/COMPANY/B•••-PARTNERSreportedpublic record, Form ADV, Sep 18, 2026
- Firm profile
- H•••S://WWW.LINKEDIN.COM/COMPANY/S••••••••-CAPITAL-MANAGEMENreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••://WWW.B•••PARTNERS.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 817-984-9197reportedpublic record, Form ADV, Mar 30, 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
- $203Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026