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••• A•••••••• L••

Former SEC-registered adviserAddison, TexasCRD 292096SEC 801-114045IAPD
Latest filing Mar 25, 2024
First filing on the tape Aug 27, 2018 · 14 filings
RAUM
$348M
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
7
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
$348M gross assets
History
14 filings and snapshots on the tape
RAUM$348M as of Mar 25, 2024
Jan 16, 2019$259M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 25, 2024
Jan 16, 20190 then
Employees (5.A)7 as of Mar 25, 2024
Jan 16, 201911 then
Private funds3 as of Mar 25, 2024
Jan 16, 20193 then
RAUM -19% over the last fiscal year+22% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 25, 2024; 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
$116MderivedRAUM 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
-19%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, hourly, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$348M, 3 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)
  • 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$348M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$348M for 3 clientsreported
Compensation
% of AUM, fixed, hourly, performancereported
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
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B••• I••••••••• L•Private Equity Fund$169M15Jan 16, 2019
      S••••• C••••••• L•Private Equity Fund$135M11Jan 16, 2019
      B••• H•••••••• L•Private Equity Fund$44.4M9Jan 16, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • D•••••••• R•••• W••••• · Vice Presidentcontrol
        since 12/2023 · owns less than 5%
      • S••••••• J••• · Presidentcontrol
        since 11/2017 · owns less than 5%
      • W••••••• J•••••••• K••• · Chief Compliance Officercontrol
        since 12/2023 · owns less than 5%
      • S••••••• J••• · Presidentcontrol
        since 06/1997 · owns 75% or more of S•••••• • S•••••• P••••••••• I•••
      Entity owners
      • S•••••• • S•••••• P••••••••• I••• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • B••• G•• L••
        investment adviserpooled vehicle sponsorn
      • S••••• C•••••• G•• L••
        investment adviserpooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Advisory employees · 6 to 5
        Feb 12, 2024 to Mar 25, 2024
      • Assets in custody · $432M to $348M
        Feb 12, 2024 to Mar 25, 2024
      • Employees · 9 to 7
        Feb 12, 2024 to Mar 25, 2024
      • Discretionary RAUM · $432M to $348M
        Feb 12, 2024 to Mar 25, 2024
      • Pooled vehicle RAUM · $432M to $348M
        Feb 12, 2024 to Mar 25, 2024
      • RAUM · $432M to $348M
        Feb 12, 2024 to Mar 25, 2024
      • Assets in custody · $248M to $432M
        Mar 29, 2022 to Mar 29, 2023
      • Discretionary RAUM · $248M to $432M
        Mar 29, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $248M to $432M
        Mar 29, 2022 to Mar 29, 2023
      • RAUM · $248M to $432M
        Mar 29, 2022 to Mar 29, 2023
      • Advisory employees · 7 to 6
        Oct 29, 2021 to Mar 29, 2022
      • Assets in custody · $193M to $248M
        Oct 29, 2021 to Mar 29, 2022
      • Employees · 10 to 9
        Oct 29, 2021 to Mar 29, 2022
      • Discretionary RAUM · $193M to $248M
        Oct 29, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $193M to $248M
        Oct 29, 2021 to Mar 29, 2022
      • RAUM · $193M to $248M
        Oct 29, 2021 to Mar 29, 2022
      • HQ city · DALLAS to ADDISON
        Mar 26, 2021 to Oct 29, 2021
      • Other offices · 1 to 0
        Mar 26, 2021 to Oct 29, 2021
      • Advisory employees · 8 to 7
        May 26, 2020 to Mar 26, 2021
      • Assets in custody · $201M to $193M
        May 26, 2020 to Mar 26, 2021
      • Employees · 11 to 10
        May 26, 2020 to Mar 26, 2021
      • Discretionary RAUM · $201M to $193M
        May 26, 2020 to Mar 26, 2021
      • Pooled vehicle RAUM · $201M to $193M
        May 26, 2020 to Mar 26, 2021
      • RAUM · $201M to $193M
        May 26, 2020 to Mar 26, 2021
      • Assets in custody · $259M to $201M
        Sep 17, 2019 to Mar 25, 2020
      • Discretionary RAUM · $259M to $201M
        Sep 17, 2019 to Mar 25, 2020
      • Pooled vehicle RAUM · $259M to $201M
        Sep 17, 2019 to Mar 25, 2020
      • RAUM · $259M to $201M
        Sep 17, 2019 to Mar 25, 2020
      • Accounts · unset to 3.0
        Aug 27, 2018 to Jan 16, 2019
      • Pooled vehicle clients · unset to 3.0
        Aug 27, 2018 to Jan 16, 2019
      • Assets in custody · unset to 259253000.0
        Aug 27, 2018 to Jan 16, 2019
      • Custody of client assets · false to true
        Aug 27, 2018 to Jan 16, 2019
      • Employees · 10 to 11
        Aug 27, 2018 to Jan 16, 2019
      • Private funds · unset to 3
        Aug 27, 2018 to Jan 16, 2019
      • Discretionary RAUM · unset to 259253000.0
        Aug 27, 2018 to Jan 16, 2019
      • Non-discretionary RAUM · unset to 0.0
        Aug 27, 2018 to Jan 16, 2019
      • Pooled vehicle RAUM · unset to 259253000.0
        Aug 27, 2018 to Jan 16, 2019
      • RAUM · unset to 259253000.0
        Aug 27, 2018 to Jan 16, 2019
      • Related adviser · false to true
        Aug 27, 2018 to Jan 16, 2019
      Signals
      13 dated events
      • K••• J••••••• W•••••• (Chief Compliance Officer) appeared on Schedule A of B••• A•••••••• L••
        Feb 12, 2024 · Control person joined · fact
      • Walker Ryan Davidson (Vice President) appeared on Schedule A of B••• A•••••••• L••
        Feb 12, 2024 · Control person joined · fact
      • Bub K•••• S•••• (General Counsel, Chief Compliance Officer And Secretary) no longer on Schedule A of B••• A•••••••• L•• (listed 2023-03-29, absent 2024-02-12)
        Feb 12, 2024 · Control person left · inference
      • Michael Kevin Palma (Chief Operating Officer) no longer on Schedule A of B••• A•••••••• L•• (listed 2023-03-29, absent 2024-02-12)
        Feb 12, 2024 · Control person left · inference
      • B••• A•••••••• L•• reported RAUM $431.6M, up 74% from $248.3M (2022-03-29 to 2023-03-29)
        Mar 29, 2023 · RAUM change · derived
      • S•••• S•••••• (Vice-President) no longer on Schedule A of B••• A•••••••• L•• (listed 2020-05-26, absent 2021-03-26)
        Mar 26, 2021 · Control person left · inference
      • Christopher J. Floyd (Chief Operations Officer) no longer on Schedule A of B••• A•••••••• L•• (listed 2020-05-26, absent 2021-03-26)
        Mar 26, 2021 · Control person left · inference
      • Julian Joseph Scavetti (Chief Compliance Officer) no longer on Schedule A of B••• A•••••••• L•• (listed 2020-03-25, absent 2020-05-20)
        May 20, 2020 · Control person left · inference
      • Joseph Mark Deangelis (Chief Compliance Officer) no longer on Schedule A of B••• A•••••••• L•• (listed 2019-01-16, absent 2019-03-14)
        Mar 14, 2019 · Control person left · inference
      • Julian Joseph Scavetti (Chief Compliance Officer) appeared on Schedule A of B••• A•••••••• L••
        Mar 14, 2019 · Control person joined · fact
      • Michael Kevin Palma (Chief Financial Officer) appeared on Schedule A of B••• A•••••••• L••
        Jan 16, 2019 · Control person joined · fact
      • Christopher J. Floyd (Chief Operations Officer) appeared on Schedule A of B••• A•••••••• L••
        Jan 16, 2019 · Control person joined · fact
      • B••• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 27, 2018 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      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