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

C••••• F••••• O••••• L••

Independent wealth managerCRD 294025SEC 801-117243websiteIAPD
Latest filing Apr 7, 2026
First filing on the tape Mar 19, 2018 · 38 filings
SEC status approved since Aug 23, 2019
RAUM
$347M
reported, Item 5.F
Discretionary
89%
of RAUM
Private clients
92%
$318M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$116M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$347M as of Apr 7, 2026
Feb 7, 2020$127M then
HNW client RAUM$311M as of Apr 7, 2026
Feb 7, 2020$123M then
State-registered IARs (5.B.3)2 as of Apr 7, 2026
Feb 7, 20204 then
Employees (5.A)2 as of Apr 7, 2026
Feb 7, 20204 then
Private funds: no history
RAUM -53% over the last fiscal year-4.4% a year over threeIARs 6 to 2offices 2 to 1
Practice profile
derived from the filing of Apr 7, 2026; every figure names its basis
Archetypes, each a printed rule
  • 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
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$116MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
22derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.8MderivedHNW RAUM over HNW clients
Average account
$1.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
89%derivedof RAUM
Institutional
0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.7derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-53%derivedbetween the last two annual amendments
Advisor growth, one year
-67%derivedItem 5.B.3 between annual amendments
Client growth, one year
-44%derived
Compensation
percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, otherreportedItem 5.G
Wrap fee program
$327MreportedItem 5.I
Custody
$140M, 29 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$311M90%
  • Corporations and businesses$26.2M7.6%
  • Individuals$7.1M2.1%
  • Charitable organizations$1.9M0.6%
  • Insurance companies$552,9200.2%
Individual clients
21reported
HNW clients
46reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
229reported
Financial planning clients
1-10reported
Wrap fee programs
$14.5M sponsored, $0 managedreported
Custody of client assets
$140M for 29 clientsreported
Compensation
% of AUM, fixed, hourly, performancereported
Class basis
private_client_share=0.92 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M••••••• J••• H•••Austin, Tx May 7, 201817 y2
A•••••• M• L••••••••Chartered Financial AnalystGreenwood Village, Co Aug 31, 201817 y0
A••••• J• S•••Austin, Tx Feb 10, 202313 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 headcount3 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • S•••• A•••••• J• · Ccocontrol
      since 09/2022 · owns less than 5%
    • H•••• M•••••••• J••• · Owner / Executive Officercontrol
      since 12/2023 · owns 75% or more of C••••• T•••• L••
    • L••••••••• A••••••• M• · Owner / Executive Officercontrol
      since 12/2023 · owns 75% or more of J•• 1••••• L••
    Entity owners
    • C••••• T•••• L•• · Member
      direct · owns 25% to 50%
    • J•• 1••••• L•• · Member
      direct · owns 25% to 50%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Austin, Tx300
    San Antonio, Tx000
    Offices
    Schedule D 1.F, the 25 largest
    • San Antonio, TX1 employees
    • , 1 employees
    ADV anomalies
    4 against comparable advisers; where to look, not conclusions
    • client count collapseChange between filings · filing Apr 7, 2026
      individual and HNW clients (Item 5.D) moved from 119.0 to 67.0 (-44.0%) between the annual amendments of 2025-04-21 and 2026-04-07; the peer median change was +3.0% (3309 comparable advisers, 2.0th percentile of changes)
      peers: independent wealth managers, $100M to $500M (3,309) · 2.2% percentile
    • account count collapseChange between filings · filing Apr 7, 2026
      accounts (Item 5.F.2.f) moved from 413.0 to 229.0 (-45.0%) between the annual amendments of 2025-04-21 and 2026-04-07; the peer median change was +5.0% (3687 comparable advisers, 3.0th percentile of changes)
      peers: independent wealth managers, $100M to $500M (3,687) · 3.4% percentile
    • advisor count dropChange between filings · filing Apr 7, 2026
      advisory representatives (Item 5.B.3) moved from 6.0 to 2.0 (-67.0%) between the annual amendments of 2025-04-21 and 2026-04-07; the peer median change was 0.0% (965 comparable advisers, 1.0th percentile of changes)
      peers: independent wealth managers, $100M to $500M (965) · 1.0% percentile
    • RAUM down 50 %Change between filings · filing Apr 7, 2026
      RAUM (Item 5.F) moved from $729,594,023 to $346,555,336 (-53.0%) between the annual amendments of 2025-04-21 and 2026-04-07; the peer median change was +15.0% (4550 comparable advisers, 0.0th percentile of changes)
      peers: independent wealth managers, $100M to $500M (4,550) · 0.4% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 413 to 229
      Oct 6, 2025 to Mar 19, 2026
    • Advisory employees · 6 to 2
      Oct 6, 2025 to Mar 19, 2026
    • Advisory activities · 5 to 3
      Oct 6, 2025 to Mar 19, 2026
    • HNW clients · 85 to 46
      Oct 6, 2025 to Mar 19, 2026
    • Individual clients · 34 to 21
      Oct 6, 2025 to Mar 19, 2026
    • Assets in custody · $81.5M to $140M
      Oct 6, 2025 to Mar 19, 2026
    • Employees · 6 to 2
      Oct 6, 2025 to Mar 19, 2026
    • State-registered IARs · 6 to 2
      Oct 6, 2025 to Mar 19, 2026
    • Other offices · 2 to 1
      Oct 6, 2025 to Mar 19, 2026
    • Discretionary RAUM · $679M to $307M
      Oct 6, 2025 to Mar 19, 2026
    • HNW RAUM · $687M to $311M
      Oct 6, 2025 to Mar 19, 2026
    • Individual RAUM · $14.3M to $7.1M
      Oct 6, 2025 to Mar 19, 2026
    • Non-discretionary RAUM · $51.0M to $39.2M
      Oct 6, 2025 to Mar 19, 2026
    • RAUM · $730M to $347M
      Oct 6, 2025 to Mar 19, 2026
    • Wrap assets (sponsor) · $0 to $14.5M
      Oct 6, 2025 to Mar 19, 2026
    • HQ city · AUSTIN to
      Apr 21, 2025 to Oct 6, 2025
    • HQ state · TX to
      Apr 21, 2025 to Oct 6, 2025
    • Accounts · 370 to 413
      Dec 18, 2024 to Apr 21, 2025
    • HNW clients · 79 to 85
      Dec 18, 2024 to Apr 21, 2025
    • Individual clients · 25 to 34
      Dec 18, 2024 to Apr 21, 2025
    • Assets in custody · $50.9M to $81.5M
      Dec 18, 2024 to Apr 21, 2025
    • Financial planning clients · 1-10 to 1-10
      Dec 18, 2024 to Apr 21, 2025
    • Other offices · 4 to 2
      Dec 18, 2024 to Apr 21, 2025
    • Discretionary RAUM · $495M to $679M
      Dec 18, 2024 to Apr 21, 2025
    • HNW RAUM · $504M to $687M
      Dec 18, 2024 to Apr 21, 2025
    • Individual RAUM · $7.9M to $14.3M
      Dec 18, 2024 to Apr 21, 2025
    • Non-discretionary RAUM · $36.9M to $51.0M
      Dec 18, 2024 to Apr 21, 2025
    • RAUM · $532M to $730M
      Dec 18, 2024 to Apr 21, 2025
    • Wrap assets (sponsor) · $20.5M to $0
      Dec 18, 2024 to Apr 21, 2025
    • Accounts · 317 to 370
      Aug 3, 2023 to Feb 2, 2024
    • HNW clients · 71 to 79
      Aug 3, 2023 to Feb 2, 2024
    • Assets in custody · $41.5M to $50.9M
      Aug 3, 2023 to Feb 2, 2024
    • Discretionary RAUM · $375M to $495M
      Aug 3, 2023 to Feb 2, 2024
    • HNW RAUM · $388M to $504M
      Aug 3, 2023 to Feb 2, 2024
    • Individual RAUM · $6.6M to $7.9M
      Aug 3, 2023 to Feb 2, 2024
    • Non-discretionary RAUM · $21.6M to $36.9M
      Aug 3, 2023 to Feb 2, 2024
    • RAUM · $397M to $532M
      Aug 3, 2023 to Feb 2, 2024
    • Wrap assets (sponsor) · $9.1M to $20.5M
      Aug 3, 2023 to Feb 2, 2024
    • HQ city · unset to AUSTIN
      Feb 28, 2023 to Mar 23, 2023
    • HQ state · unset to TX
      Feb 28, 2023 to Mar 23, 2023
    Signals
    17 dated events
    • C••••• F••••• O••••• L•• reported RAUM $346.6M, down 53% from $729.6M (2025-10-06 to 2026-03-19)
      Mar 19, 2026 · RAUM change · derived
    • H•••••• G••••• B••• left C••••• F••••• O••••• L•• for B••••• A••••••• (registered 2025-09-16)
      Sep 16, 2025 · Advisor changed firm · fact
    • J••• I•••••• C••••••• left C••••• F••••• O••••• L•• for B••••• A••••••• (registered 2025-09-16)
      Sep 16, 2025 · Advisor changed firm · fact
    • M•••••• C••• left C••••• F••••• O••••• L•• for B••••• A••••••• (registered 2025-09-16)
      Sep 16, 2025 · Advisor changed firm · fact
    • C••••• F••••• O••••• L••'s advisors moved to B••••• A••••••• (Austin, TX): 3 of 6 registered, on the same day
      Sep 16, 2025 · Firm absorbed (people side) · derived
    • C••••• F••••• O••••• L•• reported RAUM $729.6M, up 37% from $531.8M (2024-12-18 to 2025-04-21)
      Apr 21, 2025 · RAUM change · derived
    • M Anthony Lopiccolo (Owner / Executive Officer) appeared on Schedule A of C••••• F••••• O••••• L••
      May 16, 2024 · Control person joined · fact
    • John Mitchell Herr (Owner / Executive Officer) appeared on Schedule A of C••••• F••••• O••••• L••
      May 16, 2024 · Control person joined · fact
    • C••••• F••••• O••••• L•• reported RAUM $531.8M, up 34% from $396.9M (2023-08-03 to 2024-02-02)
      Feb 2, 2024 · RAUM change · derived
    • M Anthony Lopiccolo (Member) no longer on Schedule A of C••••• F••••• O••••• L•• (listed 2023-08-03, absent 2024-02-02)
      Feb 2, 2024 · Control person left · inference
    • John Mitchell Herr (Member) no longer on Schedule A of C••••• F••••• O••••• L•• (listed 2023-08-03, absent 2024-02-02)
      Feb 2, 2024 · Control person left · inference
    • C••••• F••••• O••••• L•• reported RAUM $396.9M, up 34% from $296.8M (2022-10-17 to 2023-02-24)
      Feb 24, 2023 · RAUM change · derived
    • Andrew Chase Rodawig (Cco, Member) no longer on Schedule A of C••••• F••••• O••••• L•• (listed 2022-01-31, absent 2022-09-02)
      Sep 2, 2022 · Control person left · inference
    • J Audrey Soza (Cco) appeared on Schedule A of C••••• F••••• O••••• L••
      Sep 2, 2022 · Control person joined · fact
    • C•••• A••••• R•••••• left C••••• F••••• O••••• L•• for C•••••• A•••• M••••••••• L•• (registered 2022-09-01)
      Aug 26, 2022 · Advisor changed firm · fact
    • C••••• F••••• O••••• L•• reported RAUM $296.8M, up 65% from $180.2M (2021-11-23 to 2022-01-31)
      Jan 31, 2022 · RAUM change · derived
    • C••••• F••••• O••••• L•• filed its initial SEC registration (Form ADV)
      Mar 19, 2018 · 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
    Business phone
    303-536-5313reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    303-536-5316reportedpublished by the firm, firm site, Sep 15, 2026
    Business phone
    512-351-7909reportedpublished by the firm, firm site, Sep 15, 2026
    Website
    C•••••FO.COMreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    303-578-7024reportedpublic record, Form ADV, Apr 7, 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
    $116Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026