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
D••••••• W••••• M••••••••• L••
Latest filing Feb 26, 2026
First filing on the tape Dec 8, 2017 · 18 filings
SEC status approved since Jan 8, 2018
RAUM
$333M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$328M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$111M
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$333M as of Feb 26, 2026
Mar 26, 2019$121M then
HNW client RAUM$243M as of Feb 26, 2026
Mar 26, 2019$47.1M then
State-registered IARs (5.B.3)3 as of Feb 26, 2026
Mar 26, 20193 then
Employees (5.A)4 as of Feb 26, 2026
Mar 26, 20194 then
Private funds: no history
RAUM +11% over the last fiscal year+15% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Feb 26, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $111MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 286derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $777,612derivedHNW RAUM over HNW clients
- Average account
- $384,255derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +5.8%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- 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
- is an insurance broker or agent (6.A.6)
- 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$243M73%
- Individuals$84.5M25%
- Corporations and businesses$3.1M0.9%
- Charitable organizations$2.0M0.6%
- Pension and profit-sharing plans$251,0710.1%
- Individual clients
- 544reported
- HNW clients
- 313reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 867reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L•••• R•• H•••••Certified Financial Planner | Taylor, Tx | Jan 8, 2018 | 28 y | 1 |
| M•••••• A•••••• D••••• | Taylor, Tx | Jan 9, 2018 | 26 y | 1 |
| M••• A•• Y• | Taylor, Tx | Aug 13, 2026 | 10 y | 1 |
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months1 left in 90 days1 joined in 90 daysdeparture rate 33% of current headcount2 left over 36 months
Left, latest
- C••••••••• J•••• C••••••••• to A••••••••• F•••••••• S•••••••• L••Jul 20, 2026 · RIA to affiliated broker-dealer or bank
- T••••• L•• H•••••••• to L•• F•••••••• L••Dec 23, 2024 · RIA to affiliated broker-dealer or bank
- A••••• L••• M••••• to L•• F•••••••• L••Apr 9, 2021 · RIA to affiliated broker-dealer or bank
Joined, latest
- M••• A•• Y• from L•• F•••••••• L••Aug 13, 2026 · Affiliated broker-dealer or bank to independent RIA
- T••••• L•• H•••••••• from I••••••••• C•••••• O• A••••••• I•••May 9, 2023 · Other
- C••••••••• J•••• C••••••••• from A••••• P•••••• W•••••• L••Jul 15, 2021 · RIA to RIA
- M•••••• A•••••• D••••• from S•• I••••••••• I•••Jan 9, 2018 · Other
- A••••• L••• M••••• from I••••••••• C•••••• O• A••••••• I•••Jan 8, 2018 · Other
- L•••• R•• H••••• from I••••••••• C•••••• O• A••••••• I•••Jan 8, 2018 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from I••••••••• C•••••• O• A••••••• I•••Nov 29, 2017 · Taylor, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D•••••• M••••••• A•••••• · Chief Compliance Officercontrolsince 01/2018 · owns less than 5%
- H•••••• A•• · Membercontrolsince 03/2019 · owns 10% to 25%
- H•••••• L••••• R•• · Managing Membercontrolsince 01/2018 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Advisers that list D••••••• W••••• M••••••••• L•• as a related person
- 332642 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Taylor, Tx · principal | 3 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- unusually high clients per advisorStatic outlier · filing Feb 26, 2026private clients per advisor of 285.7 against a peer median of 57.3 (3076 comparable advisers, 99.0th percentile, 6.5 robust deviations)peers: independent wealth managers, $100M to $500M (3,076) · 99% percentile
- business activity changedChange between filings · filing Feb 26, 2026wrap fee program participation (Item 5.I): yes on the filing of 2025-02-06, no on the filing of 2026-02-26peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 819 to 867Feb 6, 2025 to Feb 26, 2026
- Charity clients · 6.0 to unsetFeb 6, 2025 to Feb 26, 2026
- HNW clients · 275 to 313Feb 6, 2025 to Feb 26, 2026
- Individual clients · 535 to 544Feb 6, 2025 to Feb 26, 2026
- Discretionary RAUM · $299M to $333MFeb 6, 2025 to Feb 26, 2026
- HNW RAUM · $215M to $243MFeb 6, 2025 to Feb 26, 2026
- Individual RAUM · $79.9M to $84.5MFeb 6, 2025 to Feb 26, 2026
- Pension RAUM · unset to 251071.0Feb 6, 2025 to Feb 26, 2026
- RAUM · $299M to $333MFeb 6, 2025 to Feb 26, 2026
- Wrap assets (manager) · 0.0 to unsetFeb 6, 2025 to Feb 26, 2026
- Wrap assets (sponsor) · 1830517.0 to unsetFeb 6, 2025 to Feb 26, 2026
- Accounts · 790 to 819Feb 27, 2024 to Feb 6, 2025
- HNW clients · 241 to 275Feb 27, 2024 to Feb 6, 2025
- Individual clients · 541 to 535Feb 27, 2024 to Feb 6, 2025
- Financial planning clients · 251-500 to 251-500Feb 27, 2024 to Feb 6, 2025
- Discretionary RAUM · $278M to $299MFeb 27, 2024 to Feb 6, 2025
- HNW RAUM · $197M to $215MFeb 27, 2024 to Feb 6, 2025
- Individual RAUM · $77.9M to $79.9MFeb 27, 2024 to Feb 6, 2025
- RAUM · $278M to $299MFeb 27, 2024 to Feb 6, 2025
- Accounts · 710 to 790Mar 10, 2023 to Feb 27, 2024
- Charity clients · 5 to 6Mar 10, 2023 to Feb 27, 2024
- HNW clients · 212 to 241Mar 10, 2023 to Feb 27, 2024
- Individual clients · 507 to 541Mar 10, 2023 to Feb 27, 2024
- Discretionary RAUM · $221M to $278MMar 10, 2023 to Feb 27, 2024
- HNW RAUM · $149M to $197MMar 10, 2023 to Feb 27, 2024
- Individual RAUM · $68.6M to $77.9MMar 10, 2023 to Feb 27, 2024
- RAUM · $221M to $278MMar 10, 2023 to Feb 27, 2024
- Wrap assets (sponsor) · $0 to $1.8MMar 10, 2023 to Feb 27, 2024
- Accounts · 681 to 710Nov 4, 2022 to Mar 10, 2023
- HNW clients · 193 to 212Nov 4, 2022 to Mar 10, 2023
- Individual clients · 481 to 507Nov 4, 2022 to Mar 10, 2023
- Discretionary RAUM · $233M to $221MNov 4, 2022 to Mar 10, 2023
- HNW RAUM · $159M to $149MNov 4, 2022 to Mar 10, 2023
- Individual RAUM · $71.1M to $68.6MNov 4, 2022 to Mar 10, 2023
- RAUM · $233M to $221MNov 4, 2022 to Mar 10, 2023
- Accounts · 589 to 681Mar 29, 2021 to Mar 7, 2022
- Charity clients · unset to 5.0Mar 29, 2021 to Mar 7, 2022
- HNW clients · 28 to 193Mar 29, 2021 to Mar 7, 2022
- Individual clients · 566 to 481Mar 29, 2021 to Mar 7, 2022
- Discretionary RAUM · $157M to $233MMar 29, 2021 to Mar 7, 2022
Signals
4 dated events
- C••••••••• J•••• C••••••••• left D••••••• W••••• M••••••••• L•• for A••••••••• F•••••••• S•••••••• L•• (registered 2026-07-17)Jul 20, 2026 · Advisor changed firm · fact
- T••••• L•• H•••••••• left D••••••• W••••• M••••••••• L•• for L•• F•••••••• L•• (registered 2025-01-17)Dec 23, 2024 · Advisor changed firm · fact
- Ann H••••• (Member) appeared on Schedule A of D••••••• W••••• M••••••••• L••Mar 26, 2019 · Control person joined · fact
- B• F•••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Dec 8, 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.
How to reach
public business contact points only, each with its source
- Business email
- info@dovetailwealth.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-352-1613reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-352-8968reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- D•••••••WEALTH.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (512) 352-1613reportedpublic record, Form ADV, Feb 26, 2026
- Contact form
- dovetailwealth.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- dovetailwealth.com/meet-the-teamreportedpublished by the firm, firm site, Sep 16, 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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $111Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026