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

B••••• O•• C•••••• P•••••••• L•

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 284367SEC 801-108175websiteIAPD
Latest filing Mar 26, 2026
First filing on the tape Jul 19, 2016 · 18 filings
SEC status approved since Jul 22, 2016
RAUM
$4.5B
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
9
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
9
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$4.5B as of Mar 26, 2026
Mar 30, 2017$1.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2026
Mar 30, 20170 then
Employees (5.A)9 as of Mar 26, 2026
Mar 30, 20179 then
Private funds9 as of Mar 26, 2026
Mar 30, 20172 then
RAUM -7.4% over the last fiscal year-15% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
RAUM per advisor
unknownderivedRAUM 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
$495MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-7.4%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-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner 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$4.5B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 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
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B••••• O•• E••••••• C••• V••••••• L•Real Estate Fund$5.4B2Mar 27, 2018
      B••••• O•• C••• V••••••• L•Real Estate Fund$435M2Sep 26, 2017
      B••••• O•• M••••••••• V•••••• I•• L•Real Estate Fund$403M2Mar 23, 2020
      B••••• O•• I••••••••• F•••• L•Real Estate Fund$274M2Mar 25, 2019
      B••••• O•• M••••••••• E••••••• C••• V••••••• L•Real Estate Fund$260M2Mar 25, 2019
      B••••• O•• I••••••••• D••••••••• V•••••• I•• L•Real Estate Fund$54.2M2Mar 23, 2020
      B••••• O•• O•••••••• C•••••• F•••• L•Real Estate Fund$40.5M2Mar 25, 2019
      A•••• S••••• H•••••••• L•••Real Estate Fund$27.4M2Oct 7, 2016
      B••••• O•• I••••••••• D••••••••• V••••••• L•Real Estate Fund$5.2M2Mar 30, 2017
      B••••• O•• M••••••••• V••••••• L•Real Estate Fund$1.5M2Sep 26, 2017
      B••••• O•• B••• L•Real Estate Fund$691,4372Mar 23, 2020
      B••••• O•• I••••••••• A••••••••• V••••••• L•no longer reportedReal Estate Fund$233,4602Mar 23, 2020
      B••••• O•• B•• U•• L•Real Estate Fund$153,1222Mar 29, 2022
      Owners and control persons
      Schedule A and B, latest filing
      • G•••••• P•••••••• L• · Chief Executive Officer And Presidentcontrol
        since 04/2019 · owns less than 5%
      • M••••• A••••• F••••••••• · Executive Vice Presidentcontrol
        since 04/2019 · owns less than 5%
      • N••••••• C••••• R••• · Executive Vice Presidentcontrol
        since 04/2019 · owns less than 5%
      • G•••••• P•••••••• L• · Membercontrol
        since 05/2016 · owns 50% to 75% of B••••• O•• C•••••• G•• L••
      • G•••••• P•••••••• L• · Membercontrol
        since 07/2019 · owns 50% to 75% of B••• L•••• L••
      • M••••• A••••• F••••••••• · Membercontrol
        since 07/2017 · owns 25% to 50% of B••• L•••• L••
      • M••••• A••••• F••••••••• · Membercontrol
        since 07/2019 · owns 25% to 50% of B••••• O•• C•••••• G•• L••
      • N••••••• C••••• R••• · Membercontrol
        since 07/2019 · owns 25% to 50% of B••••• O•• C•••••• G•• L••
      • N••••••• C••••• R••• · Membercontrol
        since 07/2017 · owns 25% to 50% of B••• L•••• L••
      • M••••••••• M••• · Chief Financial Officer
        since 05/2016 · owns less than 5%
      • T•••••••• D••• S•••• · General Counsel And Chief Compliance Officer
        since 05/2016 · owns less than 5%
      Entity owners
      • B••••• O•• C•••••• G•• L•• · General Partner
        direct · owns less than 5%
      • B••• L•••• L•• · L•••••• Partner
        direct · owns 50% to 75%
      • A••••• I••••••••• M••••••••• P•• L•••••• · Trustee
        indirect · owns F of A••••• T••••
      • A••••• T•••• · Member
        indirect · owns 75% or more of N••••••• L••••• M••••• L••
      • P•••••• C•••••• G•••• L•••••• · Unitholder
        indirect · owns 50% to 75% of A••••• T••••
      • N••••••• L••••• M••••• L•• · L•••••• Partner
        direct · owns 25% to 50%
      Related persons
      Schedule D 7.A
      • B••••• O•• A•• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• B•• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• B•• U• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• C•• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• E•• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• I•• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• I•• I• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• I• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• M••• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• M•• I• G•• L••
        pooled vehicle sponsorn
      • B••••• O•• O•• G•• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 10 to 9
        Mar 27, 2025 to Mar 26, 2026
      • Advisory employees · 8 to 6
        Mar 27, 2025 to Mar 26, 2026
      • Pooled vehicle clients · 10 to 9
        Mar 27, 2025 to Mar 26, 2026
      • Employees · 11 to 9
        Mar 27, 2025 to Mar 26, 2026
      • Private funds · 10 to 9
        Mar 27, 2025 to Mar 26, 2026
      • Discretionary RAUM · $4.8B to $4.5B
        Mar 27, 2025 to Mar 26, 2026
      • Pooled vehicle RAUM · $4.8B to $4.5B
        Mar 27, 2025 to Mar 26, 2026
      • RAUM · $4.8B to $4.5B
        Mar 27, 2025 to Mar 26, 2026
      • Accounts · 11 to 10
        Jan 13, 2025 to Mar 27, 2025
      • Advisory employees · 9 to 8
        Jan 13, 2025 to Mar 27, 2025
      • Pooled vehicle clients · 11 to 10
        Jan 13, 2025 to Mar 27, 2025
      • Employees · 12 to 11
        Jan 13, 2025 to Mar 27, 2025
      • Financial planning clients · unset to
        Jan 13, 2025 to Mar 27, 2025
      • Private funds · 11 to 10
        Jan 13, 2025 to Mar 27, 2025
      • Discretionary RAUM · $6.9B to $4.8B
        Jan 13, 2025 to Mar 27, 2025
      • Pooled vehicle RAUM · $6.9B to $4.8B
        Jan 13, 2025 to Mar 27, 2025
      • RAUM · $6.9B to $4.8B
        Jan 13, 2025 to Mar 27, 2025
      • Accounts · 12 to 11
        Mar 27, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 12 to 11
        Mar 27, 2023 to Mar 28, 2024
      • Employees · 13 to 12
        Mar 27, 2023 to Mar 28, 2024
      • Private funds · 12 to 11
        Mar 27, 2023 to Mar 28, 2024
      • Discretionary RAUM · $7.2B to $6.9B
        Mar 27, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $7.2B to $6.9B
        Mar 27, 2023 to Mar 28, 2024
      • RAUM · $7.2B to $6.9B
        Mar 27, 2023 to Mar 28, 2024
      • Advisory employees · 10 to 9
        Mar 29, 2022 to Mar 27, 2023
      • Employees · 14 to 13
        Mar 29, 2022 to Mar 27, 2023
      • Discretionary RAUM · $6.0B to $7.2B
        Mar 29, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $6.0B to $7.2B
        Mar 29, 2022 to Mar 27, 2023
      • RAUM · $6.0B to $7.2B
        Mar 29, 2022 to Mar 27, 2023
      • Advisory employees · 9 to 10
        Jan 10, 2022 to Mar 29, 2022
      • Employees · 12 to 14
        Jan 10, 2022 to Mar 29, 2022
      • Discretionary RAUM · $4.2B to $6.0B
        Jan 10, 2022 to Mar 29, 2022
      • Pooled vehicle RAUM · $4.2B to $6.0B
        Jan 10, 2022 to Mar 29, 2022
      • RAUM · $4.2B to $6.0B
        Jan 10, 2022 to Mar 29, 2022
      • Succession · true to false
        Jan 10, 2022 to Mar 29, 2022
      • Succession · false to true
        Mar 25, 2021 to Jan 10, 2022
      • Advisory employees · 10 to 9
        Mar 23, 2020 to Mar 25, 2021
      • Assets in custody · unset to 0.0
        Mar 23, 2020 to Mar 25, 2021
      • Custody of client assets · false to true
        Mar 23, 2020 to Mar 25, 2021
      • Employees · 13 to 12
        Mar 23, 2020 to Mar 25, 2021
      Signals
      7 dated events
      • B••••• O•• C•••••• P•••••••• L• reported RAUM $4.8B, down 30% from $6.9B (2025-01-13 to 2025-03-27)
        Mar 27, 2025 · RAUM change · derived
      • B••••• O•• C•••••• P•••••••• L• reported RAUM $6.0B, up 43% from $4.2B (2022-01-10 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • B••••• O•• C•••••• P•••••••• L• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Jan 10, 2022 · Succession (Item 4) · fact
      • B••••• O•• C•••••• P•••••••• L• reported RAUM $4.9B, up 60% from $3.1B (2019-07-16 to 2020-03-23)
        Mar 23, 2020 · RAUM change · derived
      • D. Geoffrey Osborn (President) no longer on Schedule A of B••••• O•• C•••••• P•••••••• L• (listed 2019-03-25, absent 2019-07-16)
        Jul 16, 2019 · Control person left · inference
      • B••••• O•• C•••••• P•••••••• L• reported RAUM $3.1B, up 125% from $1.4B (2018-03-27 to 2019-03-25)
        Mar 25, 2019 · RAUM change · derived
      • B••••• O•• C•••••• P•••••••• L• filed its initial SEC registration (Form ADV)
        Jul 19, 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
      Website
      banneroak.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      (214) 466-8860reportedpublic record, Form ADV, Mar 26, 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
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      B••••• O•• C•••••• P•••••••• L• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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