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

W••••••• E••••• F••• M••••••••• •••• L••

Asset manager (funds and pooled vehicles)Houston, TexasCRD 290952SEC 801-112304websiteIAPD
Latest filing Mar 29, 2026
First filing on the tape Dec 14, 2017 · 17 filings
SEC status approved since Jan 18, 2018
RAUM
$4.0B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$4.0B
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
16
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$4.0B as of Mar 29, 2026
Mar 26, 2018$565M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 29, 2026
Mar 26, 20180 then
Employees (5.A)2 as of Mar 29, 2026
Mar 26, 20183 then
Private funds16 as of Mar 29, 2026
Mar 29, 20193 then
RAUM -22% over the last fiscal year-11% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 29, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$4.0BderivedRAUM 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
$334MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-22%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$4.0B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
12reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
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
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D•••• L••••••• R•••••Houston, TxApr 2, 201816 y0
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 headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      15 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      W••••••• E••••• F••• ••••••••• L•Private Equity Fund$803M5Aug 15, 2018
      W••••••• E••••• F••• ••• L•Private Equity Fund$781M28Aug 15, 2018
      W••••••• E••••• F••• I•• ••••••••• F•• L•Private Equity Fund$733M17Mar 28, 2024
      W••••••• E••••• F••• ••••••••• L•Private Equity Fund$377M13Aug 15, 2018
      W••••••• E••••• F••• C••••••••• ••••••••• L•Private Equity Fund$215M12Mar 31, 2021
      W•• O••• C•••••••• I• L•Private Equity Fund$183M7Mar 31, 2021
      W••••••• E••••• F••• C••••••••• ••••••••• L•Private Equity Fund$174M6Mar 31, 2021
      W••••••• E••••• F••• I• ••••••••• L•Private Equity Fund$157M19Mar 24, 2022
      W•• O••• C•••••••• I• L•Private Equity Fund$154M6Mar 31, 2021
      W••••••• E••••• F••• I• ••• L•Private Equity Fund$126M22Mar 24, 2022
      W•• O••• C•••••••• I•• L•Private Equity Fund$115M6Mar 31, 2021
      W••••••• E••••• F••• I• ••••••••• L•Private Equity Fund$66.0M4Mar 24, 2022
      W••••••• E••••• F••• I•• •••••••• F•• L•Private Equity Fund$52.4M6Mar 28, 2024
      W••••••• E••••• F••• I•• ••• L•Private Equity Fund$15.3M8Mar 28, 2024
      W••••••• E••••• F••• I•• ••••••••• L•Private Equity Fund$12.7M9Mar 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • R•••••• D••••• L••••••• · Chief Compliance Officercontrol
        since 12/2022 · owns less than 5%
      • W•••••••• A•••• R•••••• · Shareholdercontrol
        since 02/2016 · owns 50% to 75% of L•••••• C•••••• L•••
      • W•••••••• J••••• K•••••••• · Shareholdercontrol
        since 02/2016 · owns 50% to 75% of L•••••• C•••••• L•••
      Entity owners
      • W••••••• E••••• F••• M••••••••• C•••• · Sole Member
        direct · owns 75% or more
      • L•••••• C•••••• L••• · Shareholder
        indirect · owns 75% or more of W••••••• E••••• F••• M••••••••• C••••
      Related persons
      Schedule D 7.A
      • W••••••• E••••• F••• M••••••••• C•••• ••••••••
        investment advisery
      • W•• C••••••••• G• ••••••••• C••••
        pooled vehicle sponsorn
      • W•• C••••••••• G• ••••••••• C••••
        pooled vehicle sponsorn
      • W•• G• ••••••••• C•••
        pooled vehicle sponsorn
      • W•• G• ••••••••• L•••
        pooled vehicle sponsorn
      • W•• G• ••• L••
        pooled vehicle sponsorn
      • W•• I• G• ••••••••• C••••
        pooled vehicle sponsorn
      • W•• I• G• ••••••••• L•••
        pooled vehicle sponsorn
      • W•• I• G• ••• C••••
        pooled vehicle sponsorn
      • W•• I•• G• •••••••• F•• C••••
        pooled vehicle sponsorn
      • W•• I•• G• ••••••••• C••••
        pooled vehicle sponsorn
      • W•• I•• G• ••••••••• F•• C••••
        pooled vehicle sponsorn
      • W•• I•• G• ••• C••••
        pooled vehicle sponsorn
      • W•• O••• I• G• L•••
        pooled vehicle sponsorn
      • W•• O••• I• G• L•••
        pooled vehicle sponsorn
      • W•• O••• I•• G• L•••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Greenwich, CT1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Mar 29, 2026
        discretionary share of RAUM of 0% against a peer median of 100% (1506 comparable advisers, 0.0th percentile, 33.7 robust deviations)
        peers: asset managers, $1B to $5B (1,506) · 0.0% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 16 to 12
        Mar 26, 2025 to Mar 29, 2026
      • Pooled vehicle clients · 16 to 12
        Mar 26, 2025 to Mar 29, 2026
      • Non-discretionary RAUM · $5.2B to $4.0B
        Mar 26, 2025 to Mar 29, 2026
      • Pooled vehicle RAUM · $5.2B to $4.0B
        Mar 26, 2025 to Mar 29, 2026
      • RAUM · $5.2B to $4.0B
        Mar 26, 2025 to Mar 29, 2026
      • Accounts · 15 to 16
        Mar 28, 2024 to Mar 26, 2025
      • Pooled vehicle clients · 15 to 16
        Mar 28, 2024 to Mar 26, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 26, 2025
      • Private funds · 15 to 16
        Mar 28, 2024 to Mar 26, 2025
      • Non-discretionary RAUM · $4.0B to $5.2B
        Mar 28, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $4.0B to $5.2B
        Mar 28, 2024 to Mar 26, 2025
      • RAUM · $4.0B to $5.2B
        Mar 28, 2024 to Mar 26, 2025
      • Accounts · 11 to 15
        Mar 30, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 11 to 15
        Mar 30, 2023 to Mar 28, 2024
      • Private funds · 11 to 15
        Mar 30, 2023 to Mar 28, 2024
      • Discretionary RAUM · $5.7B to $0
        Mar 30, 2023 to Mar 28, 2024
      • Non-discretionary RAUM · $0 to $4.0B
        Mar 30, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $5.7B to $4.0B
        Mar 30, 2023 to Mar 28, 2024
      • RAUM · $5.7B to $4.0B
        Mar 30, 2023 to Mar 28, 2024
      • Advisory activities · 2 to 1
        Dec 14, 2022 to Mar 30, 2023
      • Discretionary RAUM · $0 to $5.7B
        Dec 14, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $3.6B to $0
        Dec 14, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $3.6B to $5.7B
        Dec 14, 2022 to Mar 30, 2023
      • RAUM · $3.6B to $5.7B
        Dec 14, 2022 to Mar 30, 2023
      • Advisory employees · 3 to 2
        Mar 24, 2022 to Dec 14, 2022
      • Employees · 3 to 2
        Mar 24, 2022 to Dec 14, 2022
      • Accounts · 8 to 11
        Mar 31, 2021 to Mar 24, 2022
      • Pooled vehicle clients · 8 to 11
        Mar 31, 2021 to Mar 24, 2022
      • Private funds · 8 to 11
        Mar 31, 2021 to Mar 24, 2022
      • Non-discretionary RAUM · $1.9B to $3.6B
        Mar 31, 2021 to Mar 24, 2022
      • Pooled vehicle RAUM · $1.9B to $3.6B
        Mar 31, 2021 to Mar 24, 2022
      • RAUM · $1.9B to $3.6B
        Mar 31, 2021 to Mar 24, 2022
      • Accounts · 3 to 8
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle clients · 3 to 8
        Mar 30, 2020 to Mar 31, 2021
      • Private funds · 3 to 8
        Mar 30, 2020 to Mar 31, 2021
      • Non-discretionary RAUM · $1.3B to $1.9B
        Mar 30, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $1.3B to $1.9B
        Mar 30, 2020 to Mar 31, 2021
      • RAUM · $1.3B to $1.9B
        Mar 30, 2020 to Mar 31, 2021
      • Non-discretionary RAUM · $1.2B to $1.3B
        Nov 13, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $1.2B to $1.3B
        Nov 13, 2019 to Mar 30, 2020
      Signals
      9 dated events
      • W••••••• E••••• F••• M••••••••• •••• L•• reported RAUM $5.2B, up 30% from $4.0B (2024-03-28 to 2025-03-26)
        Mar 26, 2025 · RAUM change · derived
      • W••••••• E••••• F••• M••••••••• •••• L•• reported RAUM $4.0B, down 30% from $5.7B (2023-03-30 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • W••••••• E••••• F••• M••••••••• •••• L•• reported RAUM $5.7B, up 57% from $3.6B (2022-12-14 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Edward Michael Buckingham (Chief Compliance Officer) no longer on Schedule A of W••••••• E••••• F••• M••••••••• •••• L•• (listed 2022-03-24, absent 2022-12-14)
        Dec 14, 2022 · Control person left · inference
      • Lawrence David Roosth (Chief Compliance Officer) appeared on Schedule A of W••••••• E••••• F••• M••••••••• •••• L••
        Dec 14, 2022 · Control person joined · fact
      • W••••••• E••••• F••• M••••••••• •••• L•• reported RAUM $3.6B, up 93% from $1.9B (2021-03-31 to 2022-03-24)
        Mar 24, 2022 · RAUM change · derived
      • W••••••• E••••• F••• M••••••••• •••• L•• reported RAUM $1.9B, up 47% from $1.3B (2020-03-30 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • W••••••• E••••• F••• M••••••••• •••• L•• reported RAUM $1.0B, up 81% from $564.9M (2018-03-26 to 2018-08-15)
        Aug 15, 2018 · RAUM change · derived
      • W••••••• E••••• F••• M••••••••• •••• L•• filed its initial SEC registration (Form ADV)
        Dec 14, 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
      Firm profile
      ca.linkedin.com/company/waterous-energy-fundreportedpublic record, Form ADV, Sep 19, 2026
      Website
      W•••••••.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      281-545-7397reportedpublic record, Form ADV, Mar 29, 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
      $4.0Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026