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

P••••••• A•••• M••••••••• L••

Former SEC-registered adviserFranklin, TennesseeCRD 281619SEC 801-106856IAPD

Latest filing Apr 14, 2021

First filing on the tape Oct 22, 2015 · 33 filings

RAUM

$32.1M

reported, Item 5.F

Discretionary

11%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

2 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

33 filings and snapshots on the tape

RAUM$32.1M as of Mar 15, 2021

Feb 26, 2017$10.6M then

HNW client RAUM$0 as of Mar 15, 2021

Mar 22, 2018$0 then

State-registered IARs (5.B.3)2 as of Mar 15, 2021

Mar 15, 20162 then

Employees (5.A)2 as of Mar 15, 2021

Mar 15, 20164 then

Private funds: no history

RAUM +165% over the last fiscal year+25% a year over threeIARs 2 to 2

Practice profile

derived from the filing of Apr 14, 2021; every figure names its basis

RAUM per advisor: $16.0MderivedRAUM 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: $10.7MderivedRAUM over accounts (5.F.2.f)
Discretionary: 11%derivedof RAUM
Institutional: 11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 1.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year: +165%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, fixed fees, otherreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, 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)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Other investment advisers$28.5M89%
Pension and profit-sharing plans$3.6M11%

Individual clients: 0reported
HNW clients: 0reported
Pension plan clients: 1reported
Charitable clients: 0reported
Accounts: 3reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, fixedreported
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

M•••••• R•• W••••• to A•••• W••••• A•••••••• L••
Jul 29, 2021 · Other
R••• K••• D•••• to O••••••• A••••••• S••••••• L••
Apr 15, 2021 · Other
A•••• P•••••• H••••• to O••••••• A••••••• S••••••• L••
Dec 31, 2019 · RIA to a newly registered adviser
B•••••• N•••••••• O•••••••• to O••••••• A••••••• S••••••• L••
Dec 31, 2019 · RIA to a newly registered adviser
L•••• H•••• S••••• to O••••••• A••••••• S••••••• L••
Dec 31, 2019 · RIA to a newly registered adviser
K•••• D••• M••• to O••••••• A••••••• S••••••• L••
Dec 31, 2019 · RIA to a newly registered adviser
M•••••• E••••• W••••••• to C•••••• A••••••• S•••••••• L••
Jun 7, 2018 · RIA to RIA

Joined, latest

L•••• H•••• S••••• from V••••• C•••••• M••••••••• L••
May 24, 2018 · RIA to RIA
M•••••• E••••• W••••••• from V••••• C•••••• M••••••••• L••
Apr 24, 2018 · RIA to RIA
R••• K••• D•••• from V••••• C•••••• M••••••••• L••
Oct 12, 2017 · Other
B•••••• N•••••••• O•••••••• from F•••• T•••• S••••••••• I•••
Mar 29, 2016 · Other
M•••••• R•• W••••• from V••••• C•••••• M••••••••• L••
Nov 5, 2015 · Other
A•••• P•••••• H••••• from C•••••• A••••••• S•••••••• L••
Nov 5, 2015 · Other

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 left for O••••••• A••••••• S••••••• L••
Dec 31, 2019 · Arlington, Tx

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

H•••••• A••••• P•••••• · Membercontrol
since 08/2015 · owns 25% to 50%
W•••••• M••••••• R•• · Managing Member / Chief Compliance Officercontrol
since 08/2015 · owns 25% to 50%
H•••••• A••••• P•••••• · Membercontrol
since 12/2020 · owns 25% to 50% of O••••••• A••••••• S••••••• L••
W•••••• M••••••• R•• · Managing Membercontrol
since 12/2020 · owns 25% to 50% of O••••••• A••••••• S••••••• L••

Entity owners

O••••••• A••••••• S••••••• L•• · Member
direct · owns 25% to 50%

Related persons

Schedule D 7.A

H••••• A•• S•••••• P•
insurancen
O••••••• A••••••• S••••••• L••
investment adviseryRAUM $288M

Advisers that list P••••••• A•••• M••••••••• L•• as a related person

282422 n

Offices

Schedule D 1.F, the 25 largest

Franklin, TN2 employees

What changed

consecutive filings, newest first

HQ city · DALLAS to FRANKLIN
Apr 9, 2020 to Mar 15, 2021
HQ state · TX to TN
Apr 9, 2020 to Mar 15, 2021
Discretionary RAUM · $12.1M to $3.6M
Apr 9, 2020 to Mar 15, 2021
Non-discretionary RAUM · $0 to $28.5M
Apr 9, 2020 to Mar 15, 2021
Pension RAUM · $2.0M to $3.6M
Apr 9, 2020 to Mar 15, 2021
RAUM · $12.1M to $32.1M
Apr 9, 2020 to Mar 15, 2021
Accounts · 1,504 to 3
Dec 12, 2019 to Apr 9, 2020
Individual clients · 559 to 0
Dec 12, 2019 to Apr 9, 2020
Financial planning clients · 1-10 to 0
Dec 12, 2019 to Apr 9, 2020
Other offices · 11 to 1
Dec 12, 2019 to Apr 9, 2020
Discretionary RAUM · $55.9M to $12.1M
Dec 12, 2019 to Apr 9, 2020
Individual RAUM · $54.1M to $0
Dec 12, 2019 to Apr 9, 2020
Pension RAUM · $1.9M to $2.0M
Dec 12, 2019 to Apr 9, 2020
RAUM · $55.9M to $12.1M
Dec 12, 2019 to Apr 9, 2020
Wrap assets (manager) · 0.0 to unset
Dec 12, 2019 to Apr 9, 2020
Wrap assets (sponsor) · 24586517.0 to unset
Dec 12, 2019 to Apr 9, 2020
Advisory employees · 11 to 2
Mar 27, 2019 to Dec 12, 2019
Employees · 12 to 2
Mar 27, 2019 to Dec 12, 2019
Insurance-licensed employees · 0 to 2
Mar 27, 2019 to Dec 12, 2019
State-registered IARs · 11 to 2
Mar 27, 2019 to Dec 12, 2019
Accounts · 327 to 1,504
Nov 19, 2018 to Mar 27, 2019
Individual clients · 281 to 559
Nov 19, 2018 to Mar 27, 2019
Pension plan clients · 0 to 1
Nov 19, 2018 to Mar 27, 2019
Discretionary RAUM · $16.3M to $55.9M
Nov 19, 2018 to Mar 27, 2019
Individual RAUM · $16.3M to $54.1M
Nov 19, 2018 to Mar 27, 2019
Pension RAUM · $0 to $1.9M
Nov 19, 2018 to Mar 27, 2019
RAUM · $16.3M to $55.9M
Nov 19, 2018 to Mar 27, 2019
Wrap assets (manager) · unset to 0.0
Nov 19, 2018 to Mar 27, 2019
Wrap assets (sponsor) · unset to 24586517.0
Nov 19, 2018 to Mar 27, 2019
HQ city · C•••••• to DALLAS
May 23, 2018 to Jul 31, 2018
Accounts · 219 to 327
Nov 16, 2017 to Mar 22, 2018
Advisory employees · 14 to 11
Nov 16, 2017 to Mar 22, 2018
Individual clients · 135 to 281
Nov 16, 2017 to Mar 22, 2018
Pension plan clients · 17 to 0
Nov 16, 2017 to Mar 22, 2018
Employees · 14 to 12
Nov 16, 2017 to Mar 22, 2018
Financial planning clients · 0 to 1-10
Nov 16, 2017 to Mar 22, 2018
State-registered IARs · 14 to 11
Nov 16, 2017 to Mar 22, 2018
Discretionary RAUM · $14.2M to $16.3M
Nov 16, 2017 to Mar 22, 2018
Individual RAUM · $13.2M to $16.3M
Nov 16, 2017 to Mar 22, 2018
Pension RAUM · $1.0M to $0
Nov 16, 2017 to Mar 22, 2018

Signals

5 dated events

Joseph Ryan Borer (Managing Member/Chief Operating Officer/Chief Compliance Officer) no longer on Schedule A of P••••••• A•••• M••••••••• L•• (listed 2020-04-09, absent 2021-03-15)
Mar 15, 2021 · Control person left · inference
Francis Anthony Apollaro (Managing Member) no longer on Schedule A of P••••••• A•••• M••••••••• L•• (listed 2020-04-09, absent 2021-03-15)
Mar 15, 2021 · Control person left · inference
Darryl Scott Tietz (Manager And Ceo) no longer on Schedule A of P••••••• A•••• M••••••••• L•• (listed 2020-04-09, absent 2021-03-15)
Mar 15, 2021 · Control person left · inference
P••••••• A•••• M••••••••• L•• reported 1 offices beyond its principal office, down from 11 (2019-12-12 to 2020-04-09)
Apr 9, 2020 · Office count change · derived
M••••••• B•••••• I••••••••• L•• filed its initial SEC registration (Form ADV)
Oct 22, 2015 · 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.

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