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

B••••••••• M•••••••••

Asset manager (funds and pooled vehicles)Austin, TexasCRD 289150SEC 801-111738websiteIAPD
Legal name B••••••••• M••••••••• L••
Latest filing Jun 30, 2026
First filing on the tape Aug 24, 2017 · 24 filings
SEC status approved since Sep 25, 2017
RAUM
$294M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$294M as of Jun 30, 2026
Feb 22, 2018$266M then
HNW client RAUM$0 as of Mar 29, 2024
Feb 22, 2018$0 then
State-registered IARs (5.B.3)0 as of Jun 30, 2026
Feb 22, 20180 then
Employees (5.A)5 as of Jun 30, 2026
Feb 22, 20185 then
Private funds4 as of Jun 30, 2026
Feb 22, 20181 then
RAUM -45% over the last fiscal year-9.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 30, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$73.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-45%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$184M, 4 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
  • 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)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$294M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$184M for 4 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      4 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B••••••••• L••Other Private Fund$247M240Oct 18, 2017
      B• B••• P••••••• I• L••Other Private Fund$28.8M13Mar 30, 2021
      B• B••• P••••••• I• L••Other Private Fund$12.4M147Mar 30, 2021
      B• C•••••• P••••••• I• L••Other Private Fund$3.0M123Mar 31, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • C••••• J••••• N••••• · Managing Partnercontrol
        since 12/2015 · owns 50% to 75%
      • F••• C••••••••• P• · Chief Financial Officer And Chief Compliance Officercontrol
        since 11/2021 · owns less than 5%
      • N•••••• A•••••• L••••• · Chief Executive Officercontrol
        since 03/2015 · owns 50% to 75%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $536,979,841 to $294,443,559 (-45.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +4.0% (1147 comparable advisers, 4.0th percentile of changes)
        peers: asset managers, $100M to $500M (1,147) · 4.3% percentile
      • private fund count surgeChange between filings · filing Mar 31, 2026
        private funds (Schedule D 7.B.1) moved from 2.0 to 4.0 (+100.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (734 comparable advisers, 99.0th percentile of changes)
        peers: asset managers, $100M to $500M (734) · 99% percentile
      What changed
      consecutive filings, newest first
      • Assets in custody · $537M to $184M
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 4 to 5
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 2 to 4
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $537M to $294M
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $537M to $294M
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $537M to $294M
        Mar 31, 2025 to Mar 31, 2026
      • Accounts · 2 to 4
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 2 to 4
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 7 to 3
        Mar 29, 2024 to Mar 31, 2025
      • Charity clients · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • Corporate clients · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • HNW clients · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • Individual clients · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • Pension plan clients · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • Assets in custody · $371M to $537M
        Mar 29, 2024 to Mar 31, 2025
      • Employees · 7 to 4
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $371M to $537M
        Mar 29, 2024 to Mar 31, 2025
      • HNW RAUM · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • Individual RAUM · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • Pension RAUM · 0.0 to unset
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $371M to $537M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $371M to $537M
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 4 to 2
        Oct 2, 2023 to Mar 29, 2024
      • Advisory employees · 8 to 7
        Oct 2, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 4 to 2
        Oct 2, 2023 to Mar 29, 2024
      • Assets in custody · $395M to $371M
        Oct 2, 2023 to Mar 29, 2024
      • Employees · 8 to 7
        Oct 2, 2023 to Mar 29, 2024
      • Private funds · 4 to 2
        Oct 2, 2023 to Mar 29, 2024
      • Discretionary RAUM · $395M to $371M
        Oct 2, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $395M to $371M
        Oct 2, 2023 to Mar 29, 2024
      • RAUM · $395M to $371M
        Oct 2, 2023 to Mar 29, 2024
      • Accounts · 3 to 4
        Jan 4, 2023 to Mar 31, 2023
      • Advisory employees · 10 to 8
        Jan 4, 2023 to Mar 31, 2023
      • Pooled vehicle clients · 3 to 4
        Jan 4, 2023 to Mar 31, 2023
      • Assets in custody · $459M to $395M
        Jan 4, 2023 to Mar 31, 2023
      • Employees · 10 to 8
        Jan 4, 2023 to Mar 31, 2023
      • Private funds · 3 to 4
        Jan 4, 2023 to Mar 31, 2023
      • Discretionary RAUM · $459M to $395M
        Jan 4, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $459M to $395M
        Jan 4, 2023 to Mar 31, 2023
      Signals
      12 dated events
      • B••••••••• M••••••••• reported RAUM $294.4M, down 45% from $537.0M (2025-03-31 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • B••••••••• M••••••••• reported RAUM $537.0M, up 45% from $371.3M (2024-03-29 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • Lawrence Craig Kennedy (Managing Director) no longer on Schedule A of B••••••••• M••••••••• (listed 2023-01-04, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • B••••••••• M••••••••• reported RAUM $458.7M, up 32% from $348.8M (2021-03-30 to 2022-03-29)
        Mar 29, 2022 · RAUM change · derived
      • P Christina Fok (Chief Financial Officer And Chief Compliance Officer) appeared on Schedule A of B••••••••• M•••••••••
        Mar 29, 2022 · Control person joined · fact
      • Vincent Kenneth Herz (Chief Compliance Officer) no longer on Schedule A of B••••••••• M••••••••• (listed 2020-11-03, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • Grayson R••••• Hall (Managing Director) no longer on Schedule A of B••••••••• M••••••••• (listed 2020-09-14, absent 2020-11-03)
        Nov 3, 2020 · Control person left · inference
      • R••••• K••• Kleber (Managing Director) no longer on Schedule A of B••••••••• M••••••••• (listed 2020-03-27, absent 2020-09-14)
        Sep 14, 2020 · Control person left · inference
      • Lawrence Craig Kennedy (Managing Director) appeared on Schedule A of B••••••••• M•••••••••
        Sep 14, 2020 · Control person joined · fact
      • Grayson R••••• Hall (Managing Director) appeared on Schedule A of B••••••••• M•••••••••
        Mar 28, 2019 · Control person joined · fact
      • Burrows Peter Freeland (Member) no longer on Schedule A of B••••••••• M••••••••• (listed 2018-10-02, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      • B••••••••• M••••••••• filed its initial SEC registration (Form ADV)
        Aug 24, 2017 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      B•••••••••.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      917-763-0770reportedpublic record, Form ADV, Jun 30, 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
      Asset manager (funds and pooled vehicles)deriveda 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