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.
SEC-registered adviser
Inscription Capital, LLC
Latest filing Mar 31, 2026
First filing on the tape Jan 29, 2018 · 31 filings
SEC status approved since Mar 1, 2018
RAUM
$2.0B
reported, Item 5.F
Discretionary
95%
of RAUM
Private clients
91%
$1.9B individuals and HNW
Advisors
12
registered through the firm on IAPD
RAUM per advisor
$171M
derived; firm RAUM over IAPD count
Employees
20
14 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$2.0B as of Mar 31, 2026
Mar 18, 2019$454M then
HNW client RAUM$1.6B as of Mar 31, 2026
Mar 18, 2019$299M then
State-registered IARs (5.B.3)14 as of Mar 31, 2026
Mar 18, 20196 then
Employees (5.A)20 as of Mar 31, 2026
Mar 18, 20197 then
Private funds: no history
RAUM +32% over the last fiscal year+16% a year over threeIARs 14 to 14
Practice profile
derived from the filing of Mar 31, 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
- RAUM per advisor
- $171MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 35derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $11.3MderivedHNW RAUM over HNW clients
- Average account
- $1.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 95%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 12.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +32%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.0%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $337M, 200 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.6B78%
- Individuals$273M13%
- Corporations and businesses$181M8.8%
- Individual clients
- 273reported
- HNW clients
- 141reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,504reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $337M for 200 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.91 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
12 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| David L Eustis Jr. | Houston, Tx | Apr 11, 2018 | 29 y | 1 |
| Marc Paul Oster | Houston, Tx | Apr 11, 2018 | 32 y | 1 |
| Brian James BovaCertified Financial Planner, Chartered Financial Analyst | Houston, Tx | Apr 12, 2018 | 24 y | 1 |
| Richard E Kaplan | Houston, Tx | Sep 4, 2019 | 28 y | 2 |
| Jillian Claire NelCertified Financial Planner | Houston, Tx | Sep 4, 2019 | 19 y | 3 |
| Juan Carlos Herrera | Houston, Tx | Mar 2, 2020 | 19 y | 2 |
| Julio Armando Cacho-Diaz | Houston, Tx | Mar 2, 2020 | 13 y | 1 |
| Coleman Bryant Conkling | Houston, Tx | Mar 2, 2020 | 10 y | 1 |
| William Derrick Lovering | Geneva | Feb 28, 2023 | 11 y | 0 |
| Robert Earl Clements | Nashville, Tn | May 2, 2023 | 31 y | 1 |
| Allison Lynn BrandCertified Financial Planner | Houston, Tx | Feb 14, 2025 | 10 y | 0 |
| Marc Forn CanabateChartered Financial Analyst | Houston, Tx | Dec 11, 2025 | 13 y | 0 |
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months2 left in 90 days0 joined in 90 daysdeparture rate 17% of current headcount4 left over 36 months
Left, latest
- Andrew Clifton Keller to Elevation Point Wealth Partners, LLCJul 9, 2026 · RIA to RIA
- Patrick Ryan Keller to Elevation Point Wealth Partners, LLCJul 9, 2026 · RIA to RIA
- Lavada Fulgham Waters to U.S. Capital Wealth Advisors, LLCFeb 24, 2025 · RIA to affiliated broker-dealer or bank
- Stephan M Farber to U.S. Capital Wealth Advisors, LLCFeb 24, 2025 · RIA to affiliated broker-dealer or bank
- Mark Robert Flatow to Inscription Family Office, LLCJul 8, 2022 · Other
- Olivia Salas Roppolo to Rockefeller Capital ManagementApr 9, 2021 · RIA to affiliated broker-dealer or bank
- Alvaro Trullenque to Inscription Family Office, LLCFeb 6, 2020 · RIA to a newly registered adviser
Joined, latest
- Andrew Clifton Keller from Intrua FinancialSep 25, 2023 · RIA to RIA
- Patrick Ryan Keller from Truist Advisory Services, Inc.Sep 11, 2023 · Affiliated broker-dealer or bank to independent RIA
- Robert Earl Clements from Citigroup Global Markets Inc.May 2, 2023 · Other
- Coleman Bryant Conkling from Quantor Capital, LLCMar 2, 2020 · Other
- Julio Armando Cacho-Diaz from Quantor Capital, LLCMar 2, 2020 · Other
- Juan Carlos Herrera from Quantor Capital, LLCMar 2, 2020 · Other
- Richard E Kaplan from Legacy Asset Management, Inc.Sep 4, 2019 · RIA to RIA
- Jillian Claire Nel from Legacy Asset Management, Inc.Sep 4, 2019 · RIA to RIA
- Lavada Fulgham Waters from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMay 13, 2019 · Wirehouse to independent RIA
- Stephan M Farber from Raymond James & Associates, Inc.Oct 22, 2018 · Affiliated broker-dealer or bank to independent RIA
- Brian James Bova from UBS Financial Services Inc.Apr 12, 2018 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Mark Robert Flatow from UBS Financial Services Inc.Apr 12, 2018 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- David L Eustis Jr. from UBS Financial Services Inc.Apr 11, 2018 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Marc Paul Oster from UBS Financial Services Inc.Apr 11, 2018 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Olivia Salas Roppolo from UBS Financial Services Inc.Apr 11, 2018 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Elevation Point Wealth Partners, LLCJul 9, 2026 · Houston, Tx
- 2 left for U.S. Capital Wealth Advisors, LLCFeb 24, 2025 · Houston, Tx
- 3 joined from Quantor Capital, LLCDec 1, 2020 · Houston, Tx · Firm absorbed
- 2 joined from Legacy Asset Management, Inc.Sep 4, 2019 · Houston, Tx
- 5 joined from UBS Financial Services Inc.Apr 17, 2018 · Houston, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- James Brian Bova · Ceo/Principalcontrolsince 04/2018 · owns less than 5%
- L David Eustis Jr. · Principalcontrolsince 04/2018 · owns less than 5%
- Paul Marc Oster · Principalcontrolsince 04/2018 · owns less than 5%
- James Brian Bova · Ownercontrolsince 04/2018 · owns 25% to 50% of Inscription Capital Holdings, LLC
- L David Eustis Jr. · Ownercontrolsince 04/2018 · owns 25% to 50% of Inscription Capital Holdings, LLC
- Paul Marc Oster · Ownercontrolsince 04/2018 · owns 25% to 50% of Inscription Capital Holdings, LLC
- Siemen Sheryl Kotzen · Chief Compliance Officersince 02/2024 · owns less than 5%
Entity owners
- Inscription Capital Holdings, LLC · Ownerdirect · owns 75% or more
- Merchant Wealth Management Holdings, LLC · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Inscription Family Office, LLCinvestment advisern
- Levy Park Capital Gp, LLCy
Advisers that list Inscription Capital, LLC as a related person
- 301900 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Houston, Tx · principal | 11 | 1 | 2 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,456 to 1,504Mar 27, 2025 to Mar 31, 2026
- Advisory employees · 16 to 14Mar 27, 2025 to Mar 31, 2026
- Corporate clients · 34 to 42Mar 27, 2025 to Mar 31, 2026
- HNW clients · 152 to 141Mar 27, 2025 to Mar 31, 2026
- Individual clients · 254 to 273Mar 27, 2025 to Mar 31, 2026
- Assets in custody · $499M to $337MMar 27, 2025 to Mar 31, 2026
- Employees · 23 to 20Mar 27, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.3B to $1.9BMar 27, 2025 to Mar 31, 2026
- HNW RAUM · $1.2B to $1.6BMar 27, 2025 to Mar 31, 2026
- Individual RAUM · $195M to $273MMar 27, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $227M to $104MMar 27, 2025 to Mar 31, 2026
- RAUM · $1.6B to $2.0BMar 27, 2025 to Mar 31, 2026
- Accounts · 1,203 to 1,456Dec 19, 2024 to Mar 27, 2025
- Advisory employees · 15 to 16Dec 19, 2024 to Mar 27, 2025
- BD registered reps · 3 to 2Dec 19, 2024 to Mar 27, 2025
- Corporate clients · 31 to 34Dec 19, 2024 to Mar 27, 2025
- HNW clients · 129 to 152Dec 19, 2024 to Mar 27, 2025
- Individual clients · 211 to 254Dec 19, 2024 to Mar 27, 2025
- Assets in custody · $387M to $499MDec 19, 2024 to Mar 27, 2025
- Financial planning clients · 26-50 to 51-100Dec 19, 2024 to Mar 27, 2025
- State-registered IARs · 11 to 14Dec 19, 2024 to Mar 27, 2025
- Discretionary RAUM · $1.0B to $1.3BDec 19, 2024 to Mar 27, 2025
- HNW RAUM · $935M to $1.2BDec 19, 2024 to Mar 27, 2025
- Individual RAUM · $136M to $195MDec 19, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $264M to $227MDec 19, 2024 to Mar 27, 2025
- RAUM · $1.3B to $1.6BDec 19, 2024 to Mar 27, 2025
- Accounts · 1,087 to 1,203Feb 27, 2024 to Mar 27, 2024
- Advisory employees · 13 to 15Feb 27, 2024 to Mar 27, 2024
- Corporate clients · 30 to 31Feb 27, 2024 to Mar 27, 2024
- HNW clients · 118 to 129Feb 27, 2024 to Mar 27, 2024
- Individual clients · 182 to 211Feb 27, 2024 to Mar 27, 2024
- Assets in custody · unset to 386543210.0Feb 27, 2024 to Mar 27, 2024
- Custody of client assets · false to trueFeb 27, 2024 to Mar 27, 2024
- Employees · 15 to 23Feb 27, 2024 to Mar 27, 2024
- Other offices · 1 to 0Feb 27, 2024 to Mar 27, 2024
- Discretionary RAUM · $876M to $1.0BFeb 27, 2024 to Mar 27, 2024
- HNW RAUM · $1.1B to $935MFeb 27, 2024 to Mar 27, 2024
- Individual RAUM · $146M to $136MFeb 27, 2024 to Mar 27, 2024
- Non-discretionary RAUM · $587M to $264MFeb 27, 2024 to Mar 27, 2024
- RAUM · $1.5B to $1.3BFeb 27, 2024 to Mar 27, 2024
Signals
17 dated events
- Patrick Ryan Keller left Inscription Capital, Llc for Elevation Point Wealth Partners, Llc (registered 2026-06-29)Jul 9, 2026 · Advisor changed firm · fact
- Andrew Clifton Keller left Inscription Capital, Llc for Elevation Point Wealth Partners, Llc (registered 2026-06-29)Jul 9, 2026 · Advisor changed firm · fact
- 2 advisors left Inscription Capital, LLC (Houston, TX) for Elevation Point Wealth Partners, LLC on the same dayJul 9, 2026 · Team lift-out · derived
- Inscription Capital, Llc reported RAUM $2.0B, up 32% from $1.6B (2025-03-27 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Lavada Fulgham Waters left Inscription Capital, Llc for U.S. Capital Wealth Advisors, Llc (registered 2025-01-29)Feb 24, 2025 · Advisor changed firm · fact
- Stephan M Farber left Inscription Capital, Llc for U.S. Capital Wealth Advisors, Llc (registered 2025-01-29)Feb 24, 2025 · Advisor changed firm · fact
- 2 advisors left Inscription Capital, LLC (Houston, TX) for U.S. Capital Wealth Advisors, LLC on the same dayFeb 24, 2025 · Team lift-out · derived
- Phillip Joseph Arce (Chief Compliance Officer) no longer on Schedule A of Inscription Capital, Llc (listed 2024-02-27, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- Phillip Joseph Arce (Chief Compliance Officer) appeared on Schedule A of Inscription Capital, LlcOct 27, 2023 · Control person joined · fact
- Mark Robert Flatow left Inscription Capital, Llc for Inscription Family Office, Llc (registered 2019-09-20)Jul 8, 2022 · Advisor changed firm · fact
- Robert Mark Flatow (Chief Compliance Officer And Chief Operating Officer) no longer on Schedule A of Inscription Capital, Llc (listed 2022-03-28, absent 2022-06-30)Jun 30, 2022 · Control person left · inference
- Inscription Capital, Llc reported RAUM $1.1B, up 52% from $709.1M (2019-09-04 to 2020-03-02)Mar 2, 2020 · RAUM change · derived
- Salas Olivia Roppolo (Chief Compliance Officer) no longer on Schedule A of Inscription Capital, Llc (listed 2019-09-04, absent 2020-03-02)Mar 2, 2020 · Control person left · inference
- Robert Mark Flatow (Chief Compliance Officer And Chief Operating Officer) appeared on Schedule A of Inscription Capital, LlcMar 2, 2020 · Control person joined · fact
- Inscription Capital, Llc reported RAUM $709.1M, up 56% from $454.1M (2019-06-13 to 2019-09-04)Sep 4, 2019 · RAUM change · derived
- Inscription Capital, Llc reported RAUM $414.0M, up 42% from $292.2M (2018-07-18 to 2018-10-24)Oct 24, 2018 · RAUM change · derived
- Windward Lane Wealth Advisors, Llc filed its initial SEC registration (Form ADV)Jan 29, 2018 · 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
- contact@inscriptioncapital.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 713-673-8999reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/inscription-capital-and-family-officereportedpublic record, Form ADV, Sep 17, 2026
- Website
- INSCRIPTIONCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 713-673-8999reportedpublic record, Form ADV, Mar 31, 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
- $171Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026