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

S•••••••• A••••••• S•••••••

Independent wealth managerMemphis, TennesseeCRD 287984SEC 801-123188websiteIAPD
Legal name S•••••••• A••••••• S•••••••• L••
Latest filing Aug 27, 2026
First filing on the tape Jan 7, 2022 · 29 filings
SEC status approved since Mar 16, 2022
RAUM
$201M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
92%
$186M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$25.1M
derived; firm RAUM over IAPD count
Employees
10
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$201M as of Aug 27, 2026
Mar 2, 2023$150M then
HNW client RAUM$111M as of Aug 27, 2026
Mar 2, 2023$87.9M then
State-registered IARs (5.B.3)8 as of Aug 27, 2026
Mar 2, 202310 then
Employees (5.A)10 as of Aug 27, 2026
Mar 2, 202310 then
Private funds: no history
RAUM -5.0% over the last fiscal year+10% a year over threeIARs 10 to 8offices 0 to 2
Practice profile
derived from the filing of Aug 27, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$25.1MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
32derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.8MderivedHNW RAUM over HNW clients
Average account
$433,566derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
7.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
2.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-5.0%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
-25%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, selection of other advisers, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$111M55%
  • Individuals$74.9M37%
  • Charitable organizations$15.6M7.8%
Individual clients
213reported
HNW clients
39reported
Pension plan clients
0reported
Charitable clients
2reported
Accounts
464reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $148M managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.08 related_bd=false related_bank=false bd_reps=8.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
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 headcount1 left over 36 months
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
  • W•••••• J••••• M•••• · President, Chief Compliance Officer, Managing Membercontrol
    since 03/2017 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Memphis, Tn · principal800
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • HNW share shiftChange between filings · filing Apr 6, 2026
    HNW share of RAUM moved from 34.0% to 55.0% between the annual amendments of 2025-03-20 and 2026-04-06
    peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
  • Accounts · 546 to 464
    May 20, 2025 to Mar 31, 2026
  • Advisory employees · 10 to 8
    May 20, 2025 to Mar 31, 2026
  • BD registered reps · 6 to 8
    May 20, 2025 to Mar 31, 2026
  • HNW clients · 24 to 39
    May 20, 2025 to Mar 31, 2026
  • Individual clients · 314 to 213
    May 20, 2025 to Mar 31, 2026
  • Insurance-licensed employees · 4 to 0
    May 20, 2025 to Mar 31, 2026
  • Financial planning clients · to 0
    May 20, 2025 to Mar 31, 2026
  • State-registered IARs · 10 to 8
    May 20, 2025 to Mar 31, 2026
  • Other offices · 0 to 2
    May 20, 2025 to Mar 31, 2026
  • Discretionary RAUM · $212M to $201M
    May 20, 2025 to Mar 31, 2026
  • HNW RAUM · $71.9M to $111M
    May 20, 2025 to Mar 31, 2026
  • Individual RAUM · $123M to $74.9M
    May 20, 2025 to Mar 31, 2026
  • RAUM · $212M to $201M
    May 20, 2025 to Mar 31, 2026
  • Wrap assets (manager) · unset to 148079108.0
    May 20, 2025 to Mar 31, 2026
  • Wrap assets (sponsor) · unset to 0.0
    May 20, 2025 to Mar 31, 2026
  • Financial planning clients · unset to
    Mar 20, 2025 to May 20, 2025
  • Accounts · 525 to 546
    Feb 11, 2025 to Mar 20, 2025
  • HNW clients · 47 to 24
    Feb 11, 2025 to Mar 20, 2025
  • Individual clients · 140 to 314
    Feb 11, 2025 to Mar 20, 2025
  • Discretionary RAUM · $178M to $212M
    Feb 11, 2025 to Mar 20, 2025
  • HNW RAUM · $87.5M to $71.9M
    Feb 11, 2025 to Mar 20, 2025
  • Individual RAUM · $74.2M to $123M
    Feb 11, 2025 to Mar 20, 2025
  • RAUM · $178M to $212M
    Feb 11, 2025 to Mar 20, 2025
  • Advisory employees · 11 to 10
    Nov 19, 2024 to Feb 11, 2025
  • Employees · 11 to 10
    Nov 19, 2024 to Feb 11, 2025
  • State-registered IARs · 11 to 10
    Nov 19, 2024 to Feb 11, 2025
  • Wrap assets (manager) · 177512000.0 to unset
    Jul 12, 2024 to Nov 4, 2024
  • Wrap assets (sponsor) · 0.0 to unset
    Jul 12, 2024 to Nov 4, 2024
  • Advisory employees · 10 to 11
    Mar 7, 2024 to Jul 12, 2024
  • BD registered reps · 5 to 6
    Mar 7, 2024 to Jul 12, 2024
  • Employees · 10 to 11
    Mar 7, 2024 to Jul 12, 2024
  • State-registered IARs · 10 to 11
    Mar 7, 2024 to Jul 12, 2024
  • Accounts · 432 to 525
    Oct 30, 2023 to Mar 7, 2024
  • HNW clients · 40 to 47
    Oct 30, 2023 to Mar 7, 2024
  • Individual clients · 390 to 140
    Oct 30, 2023 to Mar 7, 2024
  • Discretionary RAUM · $150M to $178M
    Oct 30, 2023 to Mar 7, 2024
  • HNW RAUM · $87.9M to $87.5M
    Oct 30, 2023 to Mar 7, 2024
  • Individual RAUM · $47.2M to $74.2M
    Oct 30, 2023 to Mar 7, 2024
  • RAUM · $150M to $178M
    Oct 30, 2023 to Mar 7, 2024
  • Wrap assets (manager) · $70.0M to $178M
    Oct 30, 2023 to Mar 7, 2024
Signals
3 dated events
  • L••• M•••• A••••• C•••••• left S•••••••• A••••••• S••••••• for P•••••• A•••••• G••••• L•• (registered 2025-03-27)
    May 20, 2025 · a•••••• firm change · fact
  • 2 advisors left W••••••••• A••••••• P••••••• L•• (West Chester, PA) for S•••••••• A••••••• S••••••• on the same day
    Aug 2, 2022 · Team lift-out · derived
  • S•••••••• A••••••• S••••••• filed its initial SEC registration (Form ADV)
    Jan 7, 2022 · 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
Business phone
901-290-1322reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
901-290-1366reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
901-290-4293reportedpublished by the firm, firm site, Sep 16, 2026
Website
saswealthadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
901-751-2025reportedpublic record, Form ADV, Aug 27, 2026
Team page
saswealthadvisors.com/team.htmreportedpublished by the firm, firm site, Sep 16, 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
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$25.1Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026