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

Hightower Private Client

Former SEC-registered adviserHouston, TexasCRD 288687SEC 801-110732IAPD
Legal name Salient Private Client, LLC
Latest filing Apr 1, 2020
First filing on the tape May 31, 2017 · 13 filings
RAUM
$190M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$190M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
29
$276M gross assets
History
13 filings and snapshots on the tape
RAUM$190M as of Apr 1, 2020
Mar 21, 2018$2.1B then
HNW client RAUM$190M as of Apr 1, 2020
Mar 21, 2018$1.6B then
State-registered IARs (5.B.3)1 as of Apr 1, 2020
Mar 21, 201836 then
Employees (5.A)3 as of Apr 1, 2020
Mar 21, 201897 then
Private funds29 as of Apr 1, 2020
Mar 21, 201829 then
RAUM +0.0% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Apr 1, 2020; every figure names its basis
RAUM per advisor
$190MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
46derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.1MderivedHNW RAUM over HNW clients
Average account
$4.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+0.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, publications, educational seminarsreportedItem 5.G
Custody
$31.6M, 22 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
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)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$190M100%
Individual clients
0reported
HNW clients
46reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
46reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$31.6M for 22 clientsreported
Compensation
% of AUM, fixed, performancereported
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
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
18 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Tmrp III Co-Investment Fund, L.P.Other Private Fund$22.6M94Nov 20, 2014
Salient Tpp Energy Credit Fund, L.P.Other Private Fund$17.8M41Jul 29, 2015
Salient Distressed Real Estate Fund, L.P.Other Private Fund$6.6M48Nov 20, 2014
Eschelon Teton Partners I, L.P.no longer reportedOther Private Fund$5.4M17Feb 13, 2014
Teton Midstream & Resource Partners, L.P.Other Private Fund$3.8M12Feb 13, 2014
Teton Natural Resource Fund IV, L.P.Other Private Fund$3.1M9Feb 13, 2014
Teton Royalty Partners II, L.P.Other Private Fund$2.6M12Feb 13, 2014
Teton Consumer Partners, L.P.Other Private Fund$2.3M10Feb 13, 2014
Tnrf III Co-Investment, L.P.Other Private Fund$2.0M13Feb 13, 2014
Teton Buyout Partners, L.P.Other Private Fund$1.6M10Feb 13, 2014
Tmrp II American Energy Co-Investment, L.P.Other Private Fund$1.4M30Feb 13, 2014
Salient 2016 Multi Strategy Fund Series AOther Private Fund$1.2M7Nov 11, 2016
Salient 2016 Multi Strategy Fund Series COther Private Fund$889,8348Feb 1, 2017
Teton Royalty Partners, L.P.Other Private Fund$831,8407Feb 13, 2014
Teton Health Partners, L.P.Other Private Fund$537,6865Feb 13, 2014
Tnrf III Eclipse Co-Investment, L.P.Other Private Fund$312,29112Feb 13, 2014
Tnrf III Eclipse 2014 Co-Investment, L.P.Other Private Fund$140,26212Mar 25, 2015
Teton Natural Resource Fund II, L.P.no longer reportedOther Private Fund$11,1163Feb 13, 2014
Owners and control persons
Schedule A and B, latest filing
  • Joseph Douglas Besso · Chief Technology Officercontrol
    since 08/2018 · owns less than 5%
  • Anthony Barry Coviello · National Director Of Field Supervisioncontrol
    since 08/2018 · owns less than 5%
  • Heinrich Grobler · Chief Operating Officer - Trust And Advisorycontrol
    since 05/2017 · owns less than 5%
  • Devin Lance Murray · Chief Compliance Officercontrol
    since 08/2018 · owns less than 5%
  • Nicolas Mutch · Executive Director Operations And Servicescontrol
    since 08/2018 · owns less than 5%
  • Bernard Timothy Woods · General Counselcontrol
    since 08/2018 · owns less than 5%
  • Sol Elliot Weissbluth · Ceo And Chairman Of Board Of Ht Holding LLCcontrol
    since 08/2018 · owns F of Hightower Holding LLC
Entity owners
  • Hightower Holding LLC · Holding Company
    direct · owns 75% or more
  • Stampede Wealth Holdings, LLC · Holding Company
    direct · owns 75% or more
  • Thl Equity Fund Vii Investors (Ht), LLC · 50% Owner Of Applicant'S Holding Company
    indirect · owns 50% to 75% of Hightower Holding 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 · 2,551 to 46
    Sep 27, 2018 to Mar 21, 2019
  • Advisory employees · 20 to 1
    Sep 27, 2018 to Mar 21, 2019
  • BD registered reps · 21 to 1
    Sep 27, 2018 to Mar 21, 2019
  • Business name · HIGHTOWER TEXAS to HIGHTOWER PRIVATE CLIENT
    Sep 27, 2018 to Mar 21, 2019
  • Charity clients · 28 to 0
    Sep 27, 2018 to Mar 21, 2019
  • HNW clients · 625 to 46
    Sep 27, 2018 to Mar 21, 2019
  • Pension plan clients · 60 to 0
    Sep 27, 2018 to Mar 21, 2019
  • Pooled vehicle clients · 29 to 0
    Sep 27, 2018 to Mar 21, 2019
  • Employees · 43 to 3
    Sep 27, 2018 to Mar 21, 2019
  • State-registered IARs · 20 to 1
    Sep 27, 2018 to Mar 21, 2019
  • Discretionary RAUM · $2.1B to $190M
    Sep 27, 2018 to Mar 21, 2019
  • HNW RAUM · $1.6B to $190M
    Sep 27, 2018 to Mar 21, 2019
  • Pension RAUM · $130M to $0
    Sep 27, 2018 to Mar 21, 2019
  • Pooled vehicle RAUM · $286M to $0
    Sep 27, 2018 to Mar 21, 2019
  • RAUM · $2.1B to $190M
    Sep 27, 2018 to Mar 21, 2019
  • Related bank · true to false
    Apr 12, 2018 to Sep 11, 2018
  • Advisory employees · 35 to 20
    Sep 11, 2018 to Sep 11, 2018
  • BD registered reps · 32 to 21
    Sep 11, 2018 to Sep 11, 2018
  • Business name · SALIENT PRIVATE CLIENT, LLC to HIGHTOWER TEXAS
    Sep 11, 2018 to Sep 11, 2018
  • Employees · 97 to 43
    Sep 11, 2018 to Sep 11, 2018
  • Insurance-licensed employees · 16 to 0
    Sep 11, 2018 to Sep 11, 2018
  • State-registered IARs · 36 to 20
    Sep 11, 2018 to Sep 11, 2018
  • Advisory employees · 37 to 35
    Feb 1, 2018 to Mar 21, 2018
  • BD registered reps · 33 to 32
    Feb 1, 2018 to Mar 21, 2018
  • Pooled vehicle clients · 31 to 29
    Feb 1, 2018 to Mar 21, 2018
  • Employees · 104 to 97
    Feb 1, 2018 to Mar 21, 2018
  • Insurance-licensed employees · 14 to 16
    Feb 1, 2018 to Mar 21, 2018
  • State-registered IARs · 37 to 36
    Feb 1, 2018 to Mar 21, 2018
  • Private funds · 31 to 29
    Feb 1, 2018 to Mar 21, 2018
  • Accounts · 3,983 to 2,551
    Sep 27, 2017 to Feb 1, 2018
  • Advisory activities · 7 to 8
    Sep 27, 2017 to Feb 1, 2018
  • Charity clients · unset to 28.0
    Sep 27, 2017 to Feb 1, 2018
  • Corporate clients · unset to 0.0
    Sep 27, 2017 to Feb 1, 2018
  • HNW clients · unset to 625.0
    Sep 27, 2017 to Feb 1, 2018
  • Individual clients · unset to 0.0
    Sep 27, 2017 to Feb 1, 2018
  • Pension plan clients · unset to 60.0
    Sep 27, 2017 to Feb 1, 2018
  • Pooled vehicle clients · unset to 31.0
    Sep 27, 2017 to Feb 1, 2018
  • Assets in custody · $36.4M to $31.6M
    Sep 27, 2017 to Feb 1, 2018
  • Other offices · unset to 0.0
    Sep 27, 2017 to Feb 1, 2018
  • Private funds · unset to 31
    Sep 27, 2017 to Feb 1, 2018
Signals
6 dated events
  • 2 advisors left Salient Advisors, L.P. (Dallas, TX) for Hightower Private Client on the same day
    Nov 18, 2022 · Team lift-out · derived
  • Stephen George Fischer (Managing Director Of Operations And Services) no longer on Schedule A of Hightower Private Client (listed 2019-04-18, absent 2020-04-01)
    Apr 1, 2020 · Control person left · inference
  • Hightower Private Client reported RAUM $189.9M, down 91% from $2.1B (2018-09-27 to 2019-03-21)
    Mar 21, 2019 · RAUM change · derived
  • Hightower Private Client reported 1 state-registered advisory representatives, down from 20 (2018-09-27 to 2019-03-21)
    Mar 21, 2019 · Advisor headcount change · derived
  • Hightower Private Client reported 20 state-registered advisory representatives, down from 36 (2018-09-11 to 2018-09-11)
    Sep 11, 2018 · Advisor headcount change · derived
  • Salient Private Client, Llc filed its initial SEC registration (Form ADV)
    May 31, 2017 · 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