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
K•••• P••• P••••••• L••
Latest filing Feb 5, 2026
First filing on the tape Jun 13, 2016 · 30 filings
SEC status approved since Jun 17, 2016
RAUM
$1.5B
reported, Item 5.F
Discretionary
40%
of RAUM
Private clients
23%
$356M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$382M
derived; firm RAUM over IAPD count
Employees
8
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$1.5B as of Feb 5, 2026
Apr 1, 2017$463M then
HNW client RAUM$266M as of Feb 5, 2026
Mar 30, 2018$56.4M then
State-registered IARs (5.B.3)4 as of Feb 5, 2026
Apr 1, 20172 then
Employees (5.A)8 as of Feb 5, 2026
Apr 1, 20173 then
Private funds: no history
RAUM +20% over the last fiscal year+16% a year over threeIARs 4 to 4
Practice profile
derived from the filing of Feb 5, 2026; every figure names its basis
Archetypes, each a printed rule
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- RAUM per advisor
- $382MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 39derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.7MderivedHNW RAUM over HNW clients
- Average account
- $2.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 40%derivedof RAUM
- Institutional
- 75%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +9.1%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $430M, 125 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
- Charitable organizations$1.1B75%
- High-net-worth individuals$266M17%
- Individuals$90.6M5.9%
- Corporations and businesses$23.4M1.5%
- Individual clients
- 109reported
- HNW clients
- 47reported
- Pension plan clients
- n/areported
- Charitable clients
- 16reported
- Accounts
- 589reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $430M for 125 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.23 fund_share=0.0 institutional_share=0.75 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• D••••• M••••••Chartered Financial Analyst | Sugar Land, Tx | Aug 26, 2015 | 23 y | 1 |
| K•••• P••••• H•••••Certified Financial Planner, Chartered Financial Analyst | Sugar Land, Tx | Jan 2, 2019 | 10 y | 0 |
| M•••••• D••••• M••••••Chartered Financial Analyst | Sugar Land, Tx | Feb 5, 2019 | 12 y | 0 |
| M••••• J•••••••• T••••• | Sugar Land, Tx | May 29, 2021 | 15 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
- M•••••• D••••• M•••••• from B•••••••• C•••••• M••••••••• L••Aug 26, 2015 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H•••••• K••••• P••••• · Vice Presidentcontrolsince 02/2021 · owns 5% to 10%
- M••••••• M••••••• D••••• · Managing Member/Chief Compliance Officer/Presidentcontrolsince 05/2015 · owns 50% to 75%
- M••••••• M••••••• D••••• · Vice Presidentcontrolsince 02/2021 · owns 5% to 10%
- L•••••••• J•••••• · Manager, Office And Administrationsince 12/2016 · owns less than 5%
- T•••••• A•••••••• · Client Operations & Services Managersince 11/2022 · owns less than 5%
- T•••••• M•••••• J•••••••• · Vice Presidentsince 09/2024 · 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
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Sugar Land, Tx · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- high institutional concentrationStatic outlier · filing Feb 5, 2026institutional share of RAUM of 75% against a peer median of 3% (1362 comparable advisers, 99.0th percentile, 18.0 robust deviations)peers: independent wealth managers, $1B to $5B (1,362) · 99% percentile
- business activity changedChange between filings · filing Feb 5, 2026pension consulting (Item 5.G.6): no on the filing of 2025-01-21, yes on the filing of 2026-02-05peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
- Accounts · 506 to 589Jan 21, 2025 to Feb 5, 2026
- Advisory activities · 4 to 5Jan 21, 2025 to Feb 5, 2026
- HNW clients · 44 to 47Jan 21, 2025 to Feb 5, 2026
- Individual clients · 99 to 109Jan 21, 2025 to Feb 5, 2026
- Pension plan clients · 1.0 to unsetJan 21, 2025 to Feb 5, 2026
- Assets in custody · $172M to $430MJan 21, 2025 to Feb 5, 2026
- Employees · 7 to 8Jan 21, 2025 to Feb 5, 2026
- Discretionary RAUM · $416M to $607MJan 21, 2025 to Feb 5, 2026
- HNW RAUM · $205M to $266MJan 21, 2025 to Feb 5, 2026
- Individual RAUM · $74.1M to $90.6MJan 21, 2025 to Feb 5, 2026
- Non-discretionary RAUM · $855M to $921MJan 21, 2025 to Feb 5, 2026
- Pension RAUM · 13112787.0 to unsetJan 21, 2025 to Feb 5, 2026
- RAUM · $1.3B to $1.5BJan 21, 2025 to Feb 5, 2026
- Accounts · 453 to 506Nov 5, 2024 to Jan 21, 2025
- Charity clients · 13 to 16Nov 5, 2024 to Jan 21, 2025
- Corporate clients · 6 to 8Nov 5, 2024 to Jan 21, 2025
- HNW clients · 40 to 44Nov 5, 2024 to Jan 21, 2025
- Individual clients · 98 to 99Nov 5, 2024 to Jan 21, 2025
- Pension plan clients · unset to 1.0Nov 5, 2024 to Jan 21, 2025
- Assets in custody · $147M to $172MNov 5, 2024 to Jan 21, 2025
- Employees · 6 to 7Nov 5, 2024 to Jan 21, 2025
- Financial planning clients · 1-10 to 1-10Nov 5, 2024 to Jan 21, 2025
- Discretionary RAUM · $290M to $416MNov 5, 2024 to Jan 21, 2025
- HNW RAUM · $202M to $205MNov 5, 2024 to Jan 21, 2025
- Individual RAUM · $48.7M to $74.1MNov 5, 2024 to Jan 21, 2025
- Non-discretionary RAUM · $771M to $855MNov 5, 2024 to Jan 21, 2025
- Pension RAUM · $11.5M to $13.1MNov 5, 2024 to Jan 21, 2025
- RAUM · $1.1B to $1.3BNov 5, 2024 to Jan 21, 2025
- Accounts · 390 to 453Feb 5, 2024 to Feb 12, 2024
- Charity clients · 10 to 13Feb 5, 2024 to Feb 12, 2024
- Corporate clients · 5 to 6Feb 5, 2024 to Feb 12, 2024
- HNW clients · 28 to 40Feb 5, 2024 to Feb 12, 2024
- Individual clients · 90 to 98Feb 5, 2024 to Feb 12, 2024
- Pension plan clients · 0.0 to unsetFeb 5, 2024 to Feb 12, 2024
- Pooled vehicle clients · 0.0 to unsetFeb 5, 2024 to Feb 12, 2024
- Assets in custody · $134M to $147MFeb 5, 2024 to Feb 12, 2024
- Employees · 7 to 6Feb 5, 2024 to Feb 12, 2024
- State-registered IARs · 0 to 4Feb 5, 2024 to Feb 12, 2024
- Discretionary RAUM · $200M to $290MFeb 5, 2024 to Feb 12, 2024
- HNW RAUM · $152M to $202MFeb 5, 2024 to Feb 12, 2024
Signals
3 dated events
- K•••• P••• P••••••• L•• reported RAUM $981.3M, up 32% from $745.9M (2022-11-04 to 2023-03-27)Mar 27, 2023 · RAUM change · derived
- Levering Eileen Mulcahy (General Partner) no longer on Schedule A of K•••• P••• P••••••• L•• (listed 2018-03-30, absent 2019-01-02)Jan 2, 2019 · Control person left · inference
- K•••• P••• P••••••• L•• filed its initial SEC registration (Form ADV)Jun 13, 2016 · 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
- Firm profile
- linkedin.com/company/kings-path-partners/?viewAsMember=truereportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (832) 500-3101reportedpublic record, Form ADV, Feb 5, 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
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $382Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026