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.

SEC-registered adviser

Frost Investment Services

Broker-dealer affiliated wealth managerSan Antonio, TexasCRD 286129SEC 801-108754IAPD
Legal name Frost Investment Services, LLC
Latest filing Mar 24, 2026
First filing on the tape Nov 24, 2016 · 41 filings
SEC status approved since Jan 3, 2017
RAUM
$3.7B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
58%
$2.1B individuals and HNW
Advisors
161
registered through the firm on IAPD
RAUM per advisor
$22.8M
derived; firm RAUM over IAPD count
Employees
177
111 advisory (5.B.1)
Offices
50
beyond the principal office
Private funds
0
reported on Schedule D
History
41 filings and snapshots on the tape
RAUM$3.7B as of Mar 24, 2026
Mar 30, 2018$189M then
HNW client RAUM$1.4B as of Mar 24, 2026
Mar 30, 2018$6.1M then
State-registered IARs (5.B.3)107 as of Mar 24, 2026
Mar 30, 201865 then
Employees (5.A)177 as of Mar 24, 2026
Mar 30, 201891 then
Private funds: no history
RAUM +23% over the last fiscal year+15% a year over threeIARs 103 to 107
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$22.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
19derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.5MderivedHNW RAUM over HNW clients
Average account
$1.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
3.2derived51 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
+3.9%derivedItem 5.B.3 between annual amendments
Client growth, one year
+16%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
Financial planning clients
3,000reportedItem 5.H
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • 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 securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Corporations and businesses$1.5B42%
  • High-net-worth individuals$1.4B37%
  • Individuals$778M21%
  • Charitable organizations$2.0M0.1%
Individual clients
2,484reported
HNW clients
535reported
Pension plan clients
n/areported
Charitable clients
4reported
Accounts
3,656reported
Financial planning clients
3,000reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.58 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=107.0derived
Advisors registered through the firm
161 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Bryan Tad AdkisonMansfield, Tx Jan 25, 202230 y1
Craig Steven MillerCertified Financial PlannerSan Antonio, Tx Jan 25, 202229 y3
Ronald Clifford TavarezMcallen, Tx Jan 26, 202235 y3
Brian Shane AlphinMansfield, Tx Jan 26, 202210 y1
Mark Ian ItnyreCertified Financial PlannerAustin, Tx Jan 26, 202227 y3
Misty Nicole ThompsonSan Antonio, TxJan 26, 202212 y1
Alex Russell BahunAustin, Tx Jan 26, 202214 y1
Taylor Ryan ThorneCertified Financial PlannerAustin, Tx Jan 26, 202210 y3
Ivona Malgorzata KostulakSan Antonio, Tx Jan 26, 202226 y2
Christine Louise SheppardSan Antonio, Tx Jan 26, 202222 y1
Ralph Victor GonzalesSan Antonio, Tx Jan 26, 202210 y2
Brian Carl NelsonFort Worth, Tx Jan 26, 202231 y7
Jerry D GlossonSan Marcos, Tx Jan 26, 202234 y1
Ashley Kolinek FergusonSan Antonio, TxJan 26, 202218 y1
Jeanne Marie GloriosoCertified Financial PlannerAustin, Tx Jan 26, 202234 y1
Alina Mariana TudorAustin, Tx Jan 26, 202217 y1
James Ray CrattySan Antonio, Tx Jan 26, 202242 y4
Carina Elizabeth DiazSan Antonio, Tx Jan 26, 202212 y1
David Robert JohnsonCorpus Christi, Tx Jan 26, 202238 y1
Michael ValadezSan Antonio, Tx Jan 26, 202227 y3
Pierre T MarcheboutSan Antonio, TxJan 26, 202221 y2
Innis Demon GloverCertified Financial PlannerSan Antonio, TxJan 26, 202224 y2
Yvette WebbCertified Financial PlannerHouston, Tx Jan 26, 202242 y3
Steven Gerard LeaBoerne, Tx Jan 26, 202226 y1
Lucy Doraluz CisnerosSan Antonio, TxJan 26, 202214 y1
Alberto Daniel FragaProsper, Tx Jan 26, 202211 y3
John Michael MorenoSan Antonio, TxJan 26, 202220 y1
Christina Courtney RodgersSan Antonio, Tx Jan 27, 202215 y2
Emily Bailey GrovesDallas, Tx Jan 27, 202215 y1
Pura Gloria ConnorSan Antonio, TxJan 27, 202215 y3
Joshua Aaron BlackCertified Financial PlannerSan Antonio, TxJan 27, 202213 y2
Richard Oliver ClotworthySan Antonio, Tx Jan 27, 202210 y1
Elizabeth Marie SteenSan Antonio, TxJan 27, 202213 y1
Leanne Kathleen EthridgeSan Antonio, TxJan 27, 202222 y1
Jerald Keith LiesmanSan Antonio, TxJan 27, 202239 y1
Sandra A DelagarzaVictoria, Tx Jan 27, 202242 y3
Selena Nicole GruppSan Antonio, Tx Jan 27, 202213 y1
Kristin SalyerAustin, Tx Jan 27, 202228 y1
Samuel Refugio LopezSan Antonio, Tx Jan 27, 202221 y2
Aaron P NavarreteAustin, Tx Jan 27, 202214 y3
All 161 advisors at Frost Investment Services
Advisor movement
22 left, 10 joined in 12 months
net -12 in 12 months9 left in 90 days1 joined in 90 daysdeparture rate 14% of current headcount41 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Brandon Jack Repa · Chief Compliance Officercontrol
    since 03/2024 · owns less than 5%
  • Scott Christopher Walsh · President / Chief Operations Officercontrol
    since 07/2025 · owns less than 5%
Entity owners
  • Frost Bank · Parent Corp - Managing Member
    direct · owns 75% or more
  • Cullen/Frost Bankers, Inc. · Parent Corporation
    indirect · owns 75% or more of Frost Bank · public reporting company
Related persons
Schedule D 7.A
Advisers that list Frost Investment Services as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
San Antonio, Tx · principal1622011
Austin, Tx3030
Houston, Tx2332
Dallas, Tx1131
Fort Worth, Tx920
Spring, Tx400
Boerne, Tx410
Corpus Christi, Tx310
Allen, Tx200
Irving, Tx200
Mansfield, Tx200
Mckinney, Tx210
San Marcos, Tx200
Southlake, Tx200
College Station, Tx100
Kingwood, Tx1021
Flower Mound, Tx001
Tomball, Tx001
Pasadena, Tx001
Katy, Tx001
Offices
Schedule D 1.F, the 25 largest
  • San Antonio, TX31 employees
  • Dallas, TX14 employees
  • Austin, TX13 employees
  • Houston, TX12 employees
  • Fort Worth, TX11 employees
  • San Antonio, TX5 employees
  • San Antonio, TX5 employees
  • Austin, TX4 employees
  • Boerne, TX4 employees
  • The Woodlands, TX3 employees
  • Fort Worth, TX3 employees
  • Austin, TX3 employees
  • Bellaire, TX3 employees
  • Victoria, TX2 employees
  • Houston, TX2 employees
  • Plano, TX2 employees
  • Austin, TX2 employees
  • Corpus Christi, TX2 employees
  • Keller, TX2 employees
  • San Marcos, TX2 employees
  • Mansfield, TX2 employees
  • San Antonio, TX2 employees
  • San Antonio, TX2 employees
  • Houston, TX1 employees
  • The Woodlands, TX1 employees
What changed
consecutive filings, newest first
  • Accounts · 3,179 to 3,656
    Dec 10, 2025 to Mar 24, 2026
  • Advisory employees · 104 to 111
    Dec 10, 2025 to Mar 24, 2026
  • BD registered reps · 103 to 107
    Dec 10, 2025 to Mar 24, 2026
  • Charity clients · 3 to 4
    Dec 10, 2025 to Mar 24, 2026
  • Corporate clients · 577 to 633
    Dec 10, 2025 to Mar 24, 2026
  • HNW clients · 428 to 535
    Dec 10, 2025 to Mar 24, 2026
  • Individual clients · 2,171 to 2,484
    Dec 10, 2025 to Mar 24, 2026
  • Assets in custody · $238M to $313M
    Dec 10, 2025 to Mar 24, 2026
  • Financial planning clients · 251-500 to More than 500
    Dec 10, 2025 to Mar 24, 2026
  • State-registered IARs · 103 to 107
    Dec 10, 2025 to Mar 24, 2026
  • Discretionary RAUM · $3.0B to $3.7B
    Dec 10, 2025 to Mar 24, 2026
  • HNW RAUM · $1.1B to $1.4B
    Dec 10, 2025 to Mar 24, 2026
  • Individual RAUM · $643M to $778M
    Dec 10, 2025 to Mar 24, 2026
  • RAUM · $3.0B to $3.7B
    Dec 10, 2025 to Mar 24, 2026
  • Accounts · 2,792 to 3,179
    Nov 13, 2024 to Mar 27, 2025
  • Advisory employees · 94 to 104
    Nov 13, 2024 to Mar 27, 2025
  • BD registered reps · 91 to 103
    Nov 13, 2024 to Mar 27, 2025
  • Charity clients · 4 to 3
    Nov 13, 2024 to Mar 27, 2025
  • Corporate clients · 515 to 577
    Nov 13, 2024 to Mar 27, 2025
  • HNW clients · 401 to 428
    Nov 13, 2024 to Mar 27, 2025
  • Individual clients · 1,872 to 2,171
    Nov 13, 2024 to Mar 27, 2025
  • Assets in custody · $270M to $238M
    Nov 13, 2024 to Mar 27, 2025
  • Employees · 166 to 177
    Nov 13, 2024 to Mar 27, 2025
  • Financial planning clients · 51-100 to 251-500
    Nov 13, 2024 to Mar 27, 2025
  • State-registered IARs · 91 to 103
    Nov 13, 2024 to Mar 27, 2025
  • Discretionary RAUM · $2.7B to $3.0B
    Nov 13, 2024 to Mar 27, 2025
  • HNW RAUM · $1.0B to $1.1B
    Nov 13, 2024 to Mar 27, 2025
  • Individual RAUM · $593M to $643M
    Nov 13, 2024 to Mar 27, 2025
  • RAUM · $2.7B to $3.0B
    Nov 13, 2024 to Mar 27, 2025
  • Accounts · 2,897 to 2,792
    Dec 8, 2023 to Mar 15, 2024
  • Advisory employees · 73 to 94
    Dec 8, 2023 to Mar 15, 2024
  • BD registered reps · 73 to 91
    Dec 8, 2023 to Mar 15, 2024
  • Corporate clients · 169 to 515
    Dec 8, 2023 to Mar 15, 2024
  • HNW clients · 662 to 401
    Dec 8, 2023 to Mar 15, 2024
  • Individual clients · 2,057 to 1,872
    Dec 8, 2023 to Mar 15, 2024
  • Employees · 105 to 166
    Dec 8, 2023 to Mar 15, 2024
  • State-registered IARs · 60 to 91
    Dec 8, 2023 to Mar 15, 2024
  • Discretionary RAUM · $2.4B to $2.7B
    Dec 8, 2023 to Mar 15, 2024
  • HNW RAUM · $1.6B to $1.0B
    Dec 8, 2023 to Mar 15, 2024
  • Individual RAUM · $536M to $593M
    Dec 8, 2023 to Mar 15, 2024
Signals
60 dated events
  • Jonathon Durst Mcadams left Frost Investment Services for Fifth Third Securities, Inc. (registered 2026-08-26)
    Aug 20, 2026 · Advisor changed firm · fact
  • Kyle Douglas Gregory left Frost Investment Services for Fifth Third Securities, Inc. (registered 2026-08-14)
    Aug 12, 2026 · Advisor changed firm · fact
  • Carlos Tijerina Jr left Frost Investment Services for Fifth Third Securities, Inc. (registered 2026-08-11)
    Aug 7, 2026 · Advisor changed firm · fact
  • Miguel Palacios Jr left Frost Investment Services for Fifth Third Securities, Inc. (registered 2026-08-11)
    Aug 7, 2026 · Advisor changed firm · fact
  • Dana Renee Otoole left Frost Investment Services for Fifth Third Securities, Inc. (registered 2026-08-13)
    Aug 7, 2026 · Advisor changed firm · fact
  • Roberto Aburto left Frost Investment Services for Fifth Third Securities, Inc. (registered 2026-08-26)
    Aug 7, 2026 · Advisor changed firm · fact
  • 6 advisors left Frost Investment Services (San Antonio, TX) for Fifth Third Securities, Inc. within 13 days
    Aug 7, 2026 · Team lift-out · derived
  • John Marcel Deberry left Frost Investment Services for Lpl Financial Llc (registered 2026-08-06)
    Jul 7, 2026 · Advisor changed firm · fact
  • Jesse Jaco left Frost Investment Services for J.P. Morgan Securities Llc (registered 2026-06-30)
    Jun 22, 2026 · Advisor changed firm · fact
  • Gerald Trent Mattingly left Frost Investment Services for Fifth Third Securities, Inc. (registered 2026-05-13)
    May 6, 2026 · Advisor changed firm · fact
  • Harvey Ted Fladeland left Frost Investment Services for Arkadios Wealth Advisors (registered 2026-08-20)
    May 6, 2026 · Advisor changed firm · fact
  • Sylvester Tyrone Johnson left Frost Investment Services for Lpl Financial Llc (registered 2026-04-06)
    Mar 26, 2026 · Advisor changed firm · fact
  • Caressa Patel left Frost Investment Services for Morgan Stanley (registered 2026-03-19)
    Feb 27, 2026 · Advisor changed firm · fact
  • Marco Alonso Rodriguez left Frost Investment Services for Raymond James & Associates, Inc. (registered 2026-02-06)
    Feb 6, 2026 · Advisor changed firm · fact
  • Ashley Taylor Brence left Frost Investment Services for J.P. Morgan Securities Llc (registered 2026-01-22)
    Jan 12, 2026 · Advisor changed firm · fact
  • Maria Guadalupe Harris left Frost Investment Services for Turtle Creek Wealth Advisors, Llc (registered 2026-01-22)
    Dec 19, 2025 · Advisor changed firm · fact
  • Mary Margaret Grigsby left Frost Investment Services for Raymond James Financial Services Advisors, Inc (registered 2026-01-06)
    Dec 18, 2025 · Advisor changed firm · fact
  • John P Hernandez left Frost Investment Services for Strategic Advisers Llc (registered 2026-03-23)
    Dec 4, 2025 · Advisor changed firm · fact
  • Martin Slechta left Frost Investment Services for J.P. Morgan Securities Llc (registered 2025-11-25)
    Nov 25, 2025 · Advisor changed firm · fact
  • Damon Hurst left Frost Investment Services for Truist Advisory Services, Inc. (registered 2025-11-20)
    Nov 7, 2025 · Advisor changed firm · fact
  • Anthony Allen Sacco left Frost Investment Services for World Investment Advisors, Llc (registered 2025-11-05)
    Oct 17, 2025 · Advisor changed firm · fact
  • Michael J Walsh left Frost Investment Services for Lpl Financial Llc (registered 2025-10-06)
    Sep 25, 2025 · Advisor changed firm · fact
  • Christopher David De Meyer left Frost Investment Services for Charles Schwab & Co., Inc. (registered 2025-12-04)
    Jul 17, 2025 · Advisor changed firm · fact
  • Jennifer Renee Bachino left Frost Investment Services for Spc (registered 2025-09-03)
    Jun 30, 2025 · Advisor changed firm · fact
  • Gerard Christopher Rickhoff left Frost Investment Services for Capital Client Group, Inc. (registered 2025-06-30)
    Jun 16, 2025 · Advisor changed firm · fact
  • Aleksandra Vargas left Frost Investment Services for Citigroup Global Markets Inc. (registered 2025-07-22)
    May 27, 2025 · Advisor changed firm · fact
  • Pelham Staples left Frost Investment Services for J.P. Morgan Securities Llc (registered 2025-05-19)
    May 12, 2025 · Advisor changed firm · fact
  • John Mcgillewie left Frost Investment Services for Charles Schwab & Co., Inc. (registered 2026-09-03)
    May 6, 2025 · Advisor changed firm · fact
  • Scott Allen Spencer left Frost Investment Services for Thornhill Securities, Inc. (registered 2025-03-13)
    Feb 27, 2025 · Advisor changed firm · fact
  • Austin Brannon Kroll left Frost Investment Services for 1900 Wealth (registered 2025-03-09)
    Feb 4, 2025 · Advisor changed firm · 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
Principal office phone
210.220.5000reportedpublic record, Form ADV, Mar 24, 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
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$22.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026