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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Former SEC-registered adviser
B••••••• • B••••• A•••••••• L••
Latest filing Nov 1, 2024
First filing on the tape Jun 9, 2017 · 22 filings
RAUM
$329M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
27%
$89.3M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
13 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
10
$240M gross assets
History
22 filings and snapshots on the tape
RAUM$329M as of Mar 28, 2024
Mar 30, 2018$2.0B then
HNW client RAUM$89.3M as of Mar 28, 2024
Mar 30, 2018$1.9B then
State-registered IARs (5.B.3)8 as of Mar 28, 2024
Mar 30, 20183 then
Employees (5.A)15 as of Mar 28, 2024
Mar 30, 201817 then
Private funds10 as of Mar 28, 2024
Mar 30, 20183 then
RAUM +5.3% over the last fiscal year+15% a year over threeIARs 6 to 8
Practice profile
derived from the filing of Nov 1, 2024; every figure names its basis
- RAUM per advisor
- $41.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.0MderivedHNW RAUM over HNW clients
- Average account
- $11.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.9derivedItem 5.A over advisors
- Advisors per office
- 4.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed fees, performance-based, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 5.G
- 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)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- 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)
- controlled by a public reporting company (10.A)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$240M73%
- High-net-worth individuals$89.3M27%
- Individual clients
- n/areported
- HNW clients
- 18reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 28reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourly, performance, commissionsreported
- 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
- J•••• E••••• B••••• to P•••••• C•••••• M••••••••• G••••• L••Nov 14, 2024 · RIA to RIA
- R••••• A••• K••••• to P•••••• C•••••• M••••••••• G••••• L••Nov 12, 2024 · RIA to RIA
- T•••• L••••• D••• to P•••••• C•••••• M••••••••• G••••• L••Nov 12, 2024 · RIA to RIA
Joined, latest
- J•••• E••••• B••••• from H•••••• H•••••••• H•••••••• L••Aug 8, 2017 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for P•••••• C•••••• M••••••••• G••••• L••Nov 12, 2024 · Dallas, Tx · Firm absorbed
Private funds
4 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| C••••• C•••• I••••••••• C••••••• L••• | Private Equity Fund | $41.2M | 4 | Mar 29, 2012 |
| B•• C••••••• L••• | Private Equity Fund | $11.1M | 2 | Aug 1, 2017 |
| R•• P••••••• I••••••••• L••• | Private Equity Fund | $5.3M | 2 | Aug 3, 2017 |
| C••••• C•••• W•••• P•••••••• L•••no longer reported | Private Equity Fund | $1.1M | 2 | Mar 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- B•••••• J••••• E••••• · Presidentcontrolsince 06/2017 · owns less than 5%
- W•••• F••••••••• W• · Chief Compliance Officercontrolsince 06/2017 · owns less than 5%
Entity owners
- F•••• O••••••••• L•• · Member (Manager)direct · owns 75% or more
- C••• F•••••••• C••••••••• L••• · Partnerindirect · owns 25% to 50% of C••• F•••••••• H•••••••• L•••
- C••• F•••••••• H•••••••• L••• · Partnerindirect · owns 50% to 75% of F•••••••• F•• U••••••• H•••••••• L•
- C••••••• D••••••• • R••• F••• X••• L••• · Partnerindirect · owns 50% to 75% of C••• F•••••••• H•••••••• L•••
- F•••••••• F•• A••••••••• L•• · Shareholder, Class A Common Stockindirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
- F•••••••• F•• I••••••••• H•••••••• L•• · Memberindirect · owns 75% or more of F•••••••• F•• A••••••••• L••
- F•••••••• F•• P•••••• I••• · Memberindirect · owns 75% or more of F•••••••• F•• I••••••••• H•••••••• L••
- F•••••••• F•• U••••••• H•••••••• L• · Shareholderindirect · owns 75% or more of F•••••••• F•• P•••••• I•••
- F•••••••• F•• U••••••• H•••••••• L• · Shareholder, Class B Common Stockindirect · owns 75% or more of F•••• F•••••••• P••••••• I•••
- F•••• F•••••••• P••••••• I••• · Memberindirect · owns 75% or more of F•••• F•••••••• P•••••••• L••
- F•••• F•••••••• P•••••••• L•• · Memberindirect · owns 75% or more of F•••• O••••••••• L••
Related persons
Schedule D 7.A
- B•••••••• G•• L••bankpooled vehicle sponsorn
- B••••••••• G•• L••bankpooled vehicle sponsorn
- B••••••• G•• L••bankpooled vehicle sponsorn
- B••••••••• G•• L••bankpooled vehicle sponsorn
- B•••••••• G•• L••bankpooled vehicle sponsorn
- B••••••• G•• L••bankpooled vehicle sponsorn
- B•••••••• G•• L••bankpooled vehicle sponsorn
- C••••• C•••• C•••••• M••••••••• L••investment adviserpooled vehicle sponsornRAUM $1.2M
- C••••• C•••• I••••••••• L••investment adviserpooled vehicle sponsorn
- G••••••• M••••••••• C••••••• L••investment adviserpooled vehicle sponsorn
- I•••••• M••••••••• C••••••• L••investment adviserpooled vehicle sponsorn
- R•• P••••••• I••••••••• G•• L••investment adviserpooled vehicle sponsorn
Advisers that list B••••••• • B••••• A•••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dallas, Tx · principal | 0 | 0 | 0 | ||
| Fort Worth, Tx | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Fort Worth, TX7 employees
What changed
consecutive filings, newest first
- Advisory employees · 16 to 13Sep 28, 2023 to Mar 28, 2024
- Employees · 18 to 15Sep 28, 2023 to Mar 28, 2024
- Financial planning clients · 11-25 to 26-50Sep 28, 2023 to Mar 28, 2024
- State-registered IARs · 6 to 8Sep 28, 2023 to Mar 28, 2024
- Discretionary RAUM · $325M to $329MSep 28, 2023 to Mar 28, 2024
- HNW RAUM · $241M to $89.3MSep 28, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $84.3M to $240MSep 28, 2023 to Mar 28, 2024
- RAUM · $325M to $329MSep 28, 2023 to Mar 28, 2024
- Accounts · 25 to 28Jul 13, 2023 to Sep 26, 2023
- Pooled vehicle clients · 7 to 10Jul 13, 2023 to Sep 26, 2023
- Discretionary RAUM · $313M to $325MJul 13, 2023 to Sep 26, 2023
- HNW RAUM · $69.2M to $241MJul 13, 2023 to Sep 26, 2023
- Pooled vehicle RAUM · $244M to $84.3MJul 13, 2023 to Sep 26, 2023
- RAUM · $313M to $325MJul 13, 2023 to Sep 26, 2023
- Advisory employees · 17 to 16Oct 14, 2022 to Mar 31, 2023
- Employees · 20 to 18Oct 14, 2022 to Mar 31, 2023
- State-registered IARs · 5 to 6Oct 14, 2022 to Mar 31, 2023
- Private funds · 7 to 10Oct 14, 2022 to Mar 31, 2023
- Discretionary RAUM · $268M to $313MOct 14, 2022 to Mar 31, 2023
- HNW RAUM · $74.7M to $69.2MOct 14, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $193M to $244MOct 14, 2022 to Mar 31, 2023
- RAUM · $268M to $313MOct 14, 2022 to Mar 31, 2023
- Accounts · 8 to 25Jun 15, 2021 to Mar 31, 2022
- HNW clients · unset to 18.0Jun 15, 2021 to Mar 31, 2022
- Employees · 21 to 20Jun 15, 2021 to Mar 31, 2022
- Financial planning clients · 26-50 to 11-25Jun 15, 2021 to Mar 31, 2022
- State-registered IARs · 4 to 5Jun 15, 2021 to Mar 31, 2022
- Private funds · 6 to 7Jun 15, 2021 to Mar 31, 2022
- Discretionary RAUM · $214M to $268MJun 15, 2021 to Mar 31, 2022
- HNW RAUM · unset to 74672159.0Jun 15, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $156M to $193MJun 15, 2021 to Mar 31, 2022
- RAUM · $214M to $268MJun 15, 2021 to Mar 31, 2022
- Accounts · 4 to 8Nov 18, 2020 to Mar 31, 2021
- Pooled vehicle clients · 3 to 7Nov 18, 2020 to Mar 31, 2021
- Employees · 22 to 21Nov 18, 2020 to Mar 31, 2021
- State-registered IARs · 3 to 4Nov 18, 2020 to Mar 31, 2021
- Discretionary RAUM · $99.7M to $214MNov 18, 2020 to Mar 31, 2021
- Pooled vehicle RAUM · $52.7M to $156MNov 18, 2020 to Mar 31, 2021
- RAUM · $99.7M to $214MNov 18, 2020 to Mar 31, 2021
- Private funds · 2 to 6Jun 30, 2020 to Nov 18, 2020
Signals
10 dated events
- J•••• E••••• B••••• left B••••••• • B••••• A•••••••• L•• for P•••••• C•••••• M••••••••• G••••• L•• (registered 2024-11-15)Nov 14, 2024 · Advisor changed firm · fact
- R••••• A••• K••••• left B••••••• • B••••• A•••••••• L•• for P•••••• C•••••• M••••••••• G••••• L•• (registered 2024-11-15)Nov 12, 2024 · Advisor changed firm · fact
- T•••• L••••• D••• left B••••••• • B••••• A•••••••• L•• for P•••••• C•••••• M••••••••• G••••• L•• (registered 2024-11-15)Nov 12, 2024 · Advisor changed firm · fact
- B••••••• • B••••• A•••••••• L••'s advisors moved to P•••••• C•••••• M••••••••• G••••• L•• (Dallas, TX): 3 of 3 registered, within 2 daysNov 12, 2024 · Firm absorbed (people side) · derived
- Asher Smith B••••••• (Chief Executive Officer) no longer on Schedule A of B••••••• • B••••• A•••••••• L•• (listed 2024-03-28, absent 2024-11-01)Nov 1, 2024 · Control person left · inference
- M•••••• B•••• C•••••• (Chief Financial Officer) no longer on Schedule A of B••••••• • B••••• A•••••••• L•• (listed 2024-03-28, absent 2024-11-01)Nov 1, 2024 · Control person left · inference
- B••••••• • B••••• A•••••••• L•• reported RAUM $214.4M, up 115% from $99.7M (2020-11-18 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- M•••••• B•••• C•••••• (Chief Financial Officer) appeared on Schedule A of B••••••• • B••••• A•••••••• L••Jun 13, 2019 · Control person joined · fact
- B••••••• • B••••• A•••••••• L•• reported RAUM $138.7M, down 93% from $2.0B (2018-03-30 to 2018-08-24)Aug 24, 2018 · RAUM change · derived
- B••••••• • B••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Jun 9, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- B••••••• • B••••• A•••••••• L•• · Private Equityshared crd · organization
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