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.

Former SEC-registered adviser

Afferent Investments, LLC

Former SEC-registered adviserCoppell, TexasCRD 282422SEC 801-107207IAPD
Latest filing Mar 21, 2017
First filing on the tape Jan 20, 2016 · 6 filings
RAUM
$3.1M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
1 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
6 filings and snapshots on the tape
RAUM$3.1M as of Mar 21, 2017
Jan 20, 2016$0 then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Mar 21, 2017
Jan 20, 20165 then
Employees (5.A)5 as of Mar 21, 2017
Jan 20, 20165 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Mar 21, 2017; every figure names its basis
RAUM per advisor
$3.1MderivedRAUM 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
$149,310derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween 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, hourly, fixed fees, otherreportedItem 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
  • is an insurance broker or agent (6.A.6)
  • 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
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
21reported
Financial planning clients
0reported
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
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Scott John Johnson · Chief Compliance Officercontrol
    since 12/2015 · owns less than 5%
  • Francis Anthony Apollaro · Managing Membercontrol
    since 10/2006 · owns 75% or more of Apollaro Investments, LLC
  • Joseph Ryan Borer · Managing Member/Chief Operating Officercontrol
    since 02/2011 · owns F of Coppell Advisory Solutions, LLC
  • Fay Michael Duffy · Managing Membercontrol
    since 10/2015 · owns 25% to 50% of Afferent Provider Solutions, LLC
  • Darryl Scott Tietz · Manager And Ceocontrol
    since 04/2003 · owns 50% to 75% of Partners Advantage Insurance Services, LLC
Entity owners
  • Afferent Provider Solutions, LLC · Managing Member
    direct · owns 75% or more
  • Coppell Advisory Solutions, LLC · Member
    direct · owns 25% to 50%
  • Apollaro Investments, LLC · Member
    indirect · owns 25% to 50% of Coppell Advisory Solutions, LLC
  • Partners Advantage Insurance Services LLC · Member
    indirect · owns 50% to 75% of Coppell Advisory Solutions, LLC
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 0 to 21
    May 3, 2016 to Mar 21, 2017
  • Advisory employees · 5 to 1
    May 3, 2016 to Mar 21, 2017
  • Insurance-licensed employees · 2 to 0
    May 3, 2016 to Mar 21, 2017
  • State-registered IARs · 5 to 1
    May 3, 2016 to Mar 21, 2017
  • Discretionary RAUM · $0 to $3.1M
    May 3, 2016 to Mar 21, 2017
  • RAUM · $0 to $3.1M
    May 3, 2016 to Mar 21, 2017
  • Advisory activities · 3 to 4
    Mar 29, 2016 to Apr 1, 2016
Signals
1 dated events
  • Afferent Investments, Llc filed its initial SEC registration (Form ADV)
    Jan 20, 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.
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