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

U.S. Capital Wealth Advisors, LLC

Broker-dealer affiliated wealth managerHouston, TexasCRD 288199SEC 801-110515websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Apr 21, 2017 · 46 filings
SEC status approved since May 3, 2017
RAUM
$8.8B
reported, Item 5.F
Discretionary
75%
of RAUM
Private clients
94%
$8.2B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
141
71 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
1
reported on Schedule D
History
46 filings and snapshots on the tape
RAUM$8.8B as of Mar 30, 2026
Mar 21, 2018$534M then
HNW client RAUM$7.4B as of Mar 30, 2026
Mar 21, 2018$254M then
State-registered IARs (5.B.3)94 as of Mar 30, 2026
Mar 21, 201811 then
Employees (5.A)141 as of Mar 30, 2026
Mar 21, 201820 then
Private funds1 as of Mar 30, 2026
Mar 30, 20221 then
RAUM +20% over the last fiscal year+10% a year over threeIARs 87 to 94offices 8 to 7
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
  • Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
RAUM per advisor
$93.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
47derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.9MderivedHNW RAUM over HNW clients
Average account
$769,749derivedRAUM over accounts (5.F.2.f)
Discretionary
75%derivedof RAUM
Institutional
2.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
11.8derived8 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
+8.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.0%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Custody
$915M, 436 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$7.4B84%
  • Individuals$859M9.8%
  • Corporations and businesses$373M4.3%
  • Charitable organizations$126M1.4%
  • Pension and profit-sharing plans$51.7M0.6%
Individual clients
2,520reported
HNW clients
1,875reported
Pension plan clients
29reported
Charitable clients
22reported
Accounts
11,385reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
$915M for 436 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.94 fund_share=0.0 institutional_share=0.02 related_bd=true related_bank=false bd_reps=100.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
8 left, 4 joined in 12 months
net -4 in 12 months7 left in 90 days0 joined in 90 days14 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Usc Wealth Private Credit SeriesOther Private Fund$18.7M89Mar 30, 2022
Owners and control persons
Schedule A and B, latest filing
  • Courtney Elizabeth Bowling · Director Of Legal And Compliancecontrol
    since 04/2023 · owns less than 5%
  • Lizann Kasey Dejonckheere · Chief Financial Officer And Compliancecontrol
    since 08/2022 · owns less than 5%
  • Patrick James Fortescue · Managing Partnercontrol
    since 08/2019 · owns 5% to 10%
  • Michael David King · President And Managing Partnercontrol
    since 08/2024 · owns less than 5%
  • Michael Patrick Mendenhall · Co-Managing Partnercontrol
    since 05/2021 · owns 5% to 10%
  • Patrick Jon Meyer · Chief Compliance Officercontrol
    since 11/2018 · owns less than 5%
  • Elizabeth Wilhelmina Sheridan · Chief Operations Officer Officercontrol
    since 10/2018 · owns less than 5%
Entity owners
  • U.S. Capital Wealth, LLC · Owner
    direct · owns 75% or more
  • Arax Business Trust · Member
    indirect · owns 75% or more of Arax Investment Partners, LLC
  • Arax Investment Partners, LLC · Member
    indirect · owns 75% or more of Arax Midco, LLC
  • Arax Midco, LLC · Member
    indirect · owns 75% or more of Arax Wealth Management, LLC
  • Arax Wealth Management, LLC · Member
    indirect · owns 75% or more of U.S. Capital Wealth, LLC
  • Redbird Capital Partners Fund IV Gen Par, LLC · Trustee
    indirect · owns F of Arax Business Trust
Related persons
Schedule D 7.A
Advisers that list U.S. Capital Wealth Advisors, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Austin, Tx0041
Coral Gables, Fl001
Houston, Tx · principal0021
New York City, Ny001
Offices
Schedule D 1.F, the 25 largest
  • Austin, TX15 employees
  • Dallas, TX9 employees
  • Andover, MA3 employees
  • Georgetown, TX2 employees
  • New York, NY2 employees
  • Houston, TX1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Mar 30, 2026
    KING, DAVID, MICHAEL (PRESIDENT AND MANAGING PARTNER) appeared on Schedule A between the filings of 2024-08-26 and 2026-03-30
    peers: affiliated wealth managers, $5B to $20B (53)
  • control person changedChange between filings · filing Mar 30, 2026
    MENDENHALL, PATRICK, MICHAEL (CO-MANAGING PARTNER) left Schedule A between the filings of 2024-08-26 and 2026-03-30
    peers: affiliated wealth managers, $5B to $20B (53)
  • control person changedChange between filings · filing Mar 30, 2026
    FORTESCUE, JAMES, PATRICK (MANAGING PARTNER) left Schedule A between the filings of 2024-08-26 and 2026-03-30
    peers: affiliated wealth managers, $5B to $20B (53)
  • control person changedChange between filings · filing Mar 30, 2026
    MEYER, JON, PATRICK (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2024-08-26 and 2026-03-30
    peers: affiliated wealth managers, $5B to $20B (53)
  • control person changedChange between filings · filing Mar 30, 2026
    BOWLING, ELIZABETH, COURTNEY (DIRECTOR OF LEGAL AND COMPLIANCE) left Schedule A between the filings of 2024-08-26 and 2026-03-30
    peers: affiliated wealth managers, $5B to $20B (53)
How anomalies are measured
What changed
consecutive filings, newest first
  • Accounts · 10,833 to 11,385
    May 30, 2025 to Mar 30, 2026
  • Advisory employees · 68 to 71
    May 30, 2025 to Mar 30, 2026
  • BD registered reps · 87 to 100
    May 30, 2025 to Mar 30, 2026
  • Charity clients · 20 to 22
    May 30, 2025 to Mar 30, 2026
  • Corporate clients · 129 to 90
    May 30, 2025 to Mar 30, 2026
  • HNW clients · 1,497 to 1,875
    May 30, 2025 to Mar 30, 2026
  • Individual clients · 2,728 to 2,520
    May 30, 2025 to Mar 30, 2026
  • Pension plan clients · 86 to 29
    May 30, 2025 to Mar 30, 2026
  • Assets in custody · $869M to $915M
    May 30, 2025 to Mar 30, 2026
  • Employees · 133 to 141
    May 30, 2025 to Mar 30, 2026
  • State-registered IARs · 87 to 94
    May 30, 2025 to Mar 30, 2026
  • Other offices · 8 to 7
    May 30, 2025 to Mar 30, 2026
  • Discretionary RAUM · $5.5B to $6.6B
    May 30, 2025 to Mar 30, 2026
  • HNW RAUM · $5.4B to $7.4B
    May 30, 2025 to Mar 30, 2026
  • Individual RAUM · $1.1B to $859M
    May 30, 2025 to Mar 30, 2026
  • Non-discretionary RAUM · $1.8B to $2.2B
    May 30, 2025 to Mar 30, 2026
  • Pension RAUM · $110M to $51.7M
    May 30, 2025 to Mar 30, 2026
  • RAUM · $7.3B to $8.8B
    May 30, 2025 to Mar 30, 2026
  • Financial planning clients · 251-500 to 251-500
    Mar 28, 2025 to May 30, 2025
  • Organization form · Corporation to Limited Liability Company
    Mar 28, 2025 to May 30, 2025
  • Accounts · 10,149 to 10,833
    Feb 7, 2025 to Mar 28, 2025
  • Advisory employees · 64 to 68
    Feb 7, 2025 to Mar 28, 2025
  • BD registered reps · 77 to 87
    Feb 7, 2025 to Mar 28, 2025
  • Charity clients · 16 to 20
    Feb 7, 2025 to Mar 28, 2025
  • Corporate clients · 139 to 129
    Feb 7, 2025 to Mar 28, 2025
  • HNW clients · 1,377 to 1,497
    Feb 7, 2025 to Mar 28, 2025
  • Individual clients · 2,402 to 2,728
    Feb 7, 2025 to Mar 28, 2025
  • Pension plan clients · 254 to 86
    Feb 7, 2025 to Mar 28, 2025
  • Assets in custody · $715M to $869M
    Feb 7, 2025 to Mar 28, 2025
  • State-registered IARs · 84 to 87
    Feb 7, 2025 to Mar 28, 2025
  • Organization form · Limited Liability Company to Corporation
    Feb 7, 2025 to Mar 28, 2025
  • Discretionary RAUM · $4.9B to $5.5B
    Feb 7, 2025 to Mar 28, 2025
  • HNW RAUM · $4.7B to $5.4B
    Feb 7, 2025 to Mar 28, 2025
  • Individual RAUM · $952M to $1.1B
    Feb 7, 2025 to Mar 28, 2025
  • Non-discretionary RAUM · $1.9B to $1.8B
    Feb 7, 2025 to Mar 28, 2025
  • Pension RAUM · $492M to $110M
    Feb 7, 2025 to Mar 28, 2025
  • RAUM · $6.8B to $7.3B
    Feb 7, 2025 to Mar 28, 2025
  • Other offices · 6 to 8
    Aug 26, 2024 to Jan 15, 2025
  • Accounts · 12,119 to 10,149
    Oct 31, 2023 to Mar 28, 2024
  • Advisory employees · 67 to 64
    Oct 31, 2023 to Mar 28, 2024
Signals
42 dated events
  • 2 advisors left U.S. Capital Wealth Advisors, LLC (Houston, TX) for Arax Advisory Partners on the same day
    Aug 21, 2026 · Team lift-out · derived
  • Patrick Michael Mendenhall left U.S. Capital Wealth Advisors, Llc for Arax Advisory Partners (registered 2026-08-07)
    Aug 21, 2026 · Advisor changed firm · fact
  • Matthew Brooke West left U.S. Capital Wealth Advisors, Llc for Arax Advisory Partners (registered 2026-08-20)
    Aug 21, 2026 · Advisor changed firm · fact
  • John Walter Cross left U.S. Capital Wealth Advisors, Llc for Arax Advisory Partners (registered 2026-07-30)
    Aug 6, 2026 · Advisor changed firm · fact
  • Christian Chance Bauman left U.S. Capital Wealth Advisors, Llc for Usca Asset Management Llc (registered 2022-11-03)
    Jul 21, 2026 · Advisor changed firm · fact
  • David Michael King left U.S. Capital Wealth Advisors, Llc for Usca Asset Management Llc (registered 2023-10-26)
    Jul 21, 2026 · Advisor changed firm · fact
  • 2 advisors left U.S. Capital Wealth Advisors, LLC (Austin, TX) for Usca Asset Management LLC on the same day
    Jul 21, 2026 · Team lift-out · derived
  • Michael E Farrell left U.S. Capital Wealth Advisors, Llc for Piton Investment Management, Lp (registered 2022-09-29)
    Jul 17, 2026 · Advisor changed firm · fact
  • Katherine Voitle left U.S. Capital Wealth Advisors, Llc for Morgan Stanley (registered 2026-08-09)
    Jul 15, 2026 · Advisor changed firm · fact
  • Robin Christy Austin left U.S. Capital Wealth Advisors, Llc for Mills Wealth Advisors, Llc (registered 2025-12-03)
    Nov 25, 2025 · Advisor changed firm · fact
  • Collin Clark left U.S. Capital Wealth Advisors, Llc for Lpl Financial Llc (registered 2025-05-29)
    Jun 18, 2025 · Advisor changed firm · fact
  • 2 advisors left U.S. Capital Wealth Advisors, LLC (Austin, TX) for LPL Financial LLC on the same day
    Jun 18, 2025 · Team lift-out · derived
  • George Wilson Howe left U.S. Capital Wealth Advisors, Llc for Lpl Financial Llc (registered 2025-05-29)
    Jun 18, 2025 · Advisor changed firm · fact
  • Evan O'Leary left U.S. Capital Wealth Advisors, Llc for Empower Advisory Group, Llc (registered 2026-07-21)
    Apr 24, 2025 · Advisor changed firm · fact
  • 2 advisors left Inscription Capital, LLC (Houston, TX) for U.S. Capital Wealth Advisors, LLC on the same day
    Feb 24, 2025 · Team lift-out · derived
  • 3 advisors left Laidlaw Wealth Management LLC (New York, NY) for U.S. Capital Wealth Advisors, LLC within 7 days
    Dec 31, 2024 · Team lift-out · derived
  • Richard Douglas Sieling left U.S. Capital Wealth Advisors, Llc for Raymond James Financial Services Advisors, Inc (registered 2024-11-01)
    Nov 1, 2024 · Advisor changed firm · fact
  • Paul John Dejoria (Owner) no longer on Schedule A of U.S. Capital Wealth Advisors, Llc (listed 2024-03-28, absent 2024-04-12)
    Apr 12, 2024 · Control person left · inference
  • 2 advisors left Usca Asset Management LLC (Houston, TX) for U.S. Capital Wealth Advisors, LLC on the same day
    Mar 13, 2024 · Team lift-out · derived
  • Julie Solomon Cotuno left U.S. Capital Wealth Advisors, Llc for J.P. Morgan Securities Llc (registered 2023-10-06)
    Oct 9, 2023 · Advisor changed firm · fact
  • David Michael Harris left U.S. Capital Wealth Advisors, Llc for Corient (registered 2024-01-25)
    Oct 4, 2023 · Advisor changed firm · fact
  • Dallan Chris Maas left U.S. Capital Wealth Advisors, Llc for Atx Financial Planning, Llc (registered 2023-06-30)
    Jun 30, 2023 · Advisor changed firm · fact
  • Charles William Blanton left U.S. Capital Wealth Advisors, Llc for Empower Advisory Group, Llc (registered 2025-01-17)
    May 30, 2023 · Advisor changed firm · fact
  • Courtney Elizabeth Bowling (Director Of Legal And Compliance) appeared on Schedule A of U.S. Capital Wealth Advisors, Llc
    Apr 7, 2023 · Control person joined · fact
  • Steve Howell Gott left U.S. Capital Wealth Advisors, Llc for Frost Investment Services (registered 2023-03-06)
    Feb 24, 2023 · Advisor changed firm · fact
  • Robert Allen Boswell left U.S. Capital Wealth Advisors, Llc for Avidian Wealth Solutions (registered 2022-10-18)
    Oct 18, 2022 · Advisor changed firm · fact
  • Robert Christopher Arnold (Chief Financial Officer) no longer on Schedule A of U.S. Capital Wealth Advisors, Llc (listed 2022-03-30, absent 2022-09-23)
    Sep 23, 2022 · Control person left · inference
  • Lizann Kasey Dejonckheere (Chief Financial Officer) appeared on Schedule A of U.S. Capital Wealth Advisors, Llc
    Sep 23, 2022 · Control person joined · fact
  • 4 advisors left Pinnacle Private Wealth, LLC (Burlington, MA) for U.S. Capital Wealth Advisors, LLC within 4 days
    Sep 8, 2022 · Team lift-out · derived
  • Michael B Irvin left U.S. Capital Wealth Advisors, Llc for Commonwealth Financial Network (registered 2022-06-13)
    Jul 6, 2022 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Principal office phone
713-366-0500reportedpublic record, Form ADV, Aug 26, 2024
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
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026