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••••••• A•••• M••••••••• L••
Latest filing Mar 26, 2026
First filing on the tape Sep 4, 2018 · 14 filings
SEC status approved since Oct 4, 2018
RAUM
$1.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
13%
$213M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$528M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$1.6B as of Mar 26, 2026
Jan 31, 2019$268M then
HNW client RAUM$213M as of Mar 26, 2026
Jan 31, 2019$268M then
State-registered IARs (5.B.3)3 as of Mar 26, 2026
Jan 31, 20192 then
Employees (5.A)3 as of Mar 26, 2026
Jan 31, 20192 then
Private funds1 as of Mar 26, 2026
Feb 25, 20251 then
RAUM +239% over the last fiscal year+106% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
- RAUM per advisor
- $528MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 2derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $30.5MderivedHNW RAUM over HNW clients
- Average account
- $226MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +239%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -22%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 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
- 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)
- 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$1.4B87%
- High-net-worth individuals$213M13%
- Individual clients
- 0reported
- HNW clients
- 7reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 7reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.13 fund_share=0.87 institutional_share=0.0 related_bd=true 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 |
|---|---|---|---|---|
| S•••••• B••••• S•••• | Dallas, Tx | Oct 4, 2018 | 35 y | 2 |
| C•••••• L•• M•••••• | Dallas, Tx | Oct 4, 2018 | 39 y | 1 |
| T••• F• S•••• | Dallas, Tx | Apr 17, 2024 | 25 y | 1 |
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
- T••• F• S•••• from J••• M••••• S••••••••• L••Apr 17, 2024 · Wirehouse to independent RIA
- S•••••• B••••• S•••• from J••• M••••• S••••••••• L••Oct 4, 2018 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- C•••••• L•• M•••••• from J••• M••••• S••••••••• L••Oct 4, 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 joined from J••• M••••• S••••••••• L••Jul 24, 2018 · Dallas, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- M••••••• C••••••• L•• · Chief Compliance Officer And Secretarycontrolsince 12/2018 · owns less than 5%
- S••••• S••••••• B••••• · Membercontrolsince 04/2018 · owns 75% or more of Q•••••• H•••••••• L••
Entity owners
- Q•••••• H•••••••• L•• · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- S•••• C•••••• M••••••• L•••broker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dallas, Tx · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 26, 2026RAUM (Item 5.F) moved from $467,286,324 to $1,584,640,190 (+239.0%) between the annual amendments of 2025-02-25 and 2026-03-26; the peer median change was +11.0% (231 comparable advisers, 97.0th percentile of changes)peers: other advisers, $1B to $5B (231) · 97% percentile
What changed
consecutive filings, newest first
- Accounts · 10 to 7May 6, 2025 to Mar 26, 2026
- HNW clients · 9 to 7May 6, 2025 to Mar 26, 2026
- Discretionary RAUM · $467M to $1.6BMay 6, 2025 to Mar 26, 2026
- HNW RAUM · $120M to $213MMay 6, 2025 to Mar 26, 2026
- Pooled vehicle RAUM · $348M to $1.4BMay 6, 2025 to Mar 26, 2026
- RAUM · $467M to $1.6BMay 6, 2025 to Mar 26, 2026
- Financial planning clients · unset to Feb 25, 2025 to May 6, 2025
- Accounts · 9 to 10May 16, 2024 to Feb 25, 2025
- Advisory employees · 1 to 2May 16, 2024 to Feb 25, 2025
- BD registered reps · 2 to 3May 16, 2024 to Feb 25, 2025
- Pooled vehicle clients · 0 to 1May 16, 2024 to Feb 25, 2025
- Employees · 2 to 3May 16, 2024 to Feb 25, 2025
- State-registered IARs · 2 to 3May 16, 2024 to Feb 25, 2025
- Private funds · unset to 1May 16, 2024 to Feb 25, 2025
- Discretionary RAUM · $171M to $467MMay 16, 2024 to Feb 25, 2025
- HNW RAUM · $171M to $120MMay 16, 2024 to Feb 25, 2025
- Pooled vehicle RAUM · $0 to $348MMay 16, 2024 to Feb 25, 2025
- RAUM · $171M to $467MMay 16, 2024 to Feb 25, 2025
- Accounts · 8 to 9Jan 27, 2023 to Feb 14, 2024
- HNW clients · 8 to 9Jan 27, 2023 to Feb 14, 2024
- Discretionary RAUM · $182M to $171MJan 27, 2023 to Feb 14, 2024
- HNW RAUM · $182M to $171MJan 27, 2023 to Feb 14, 2024
- RAUM · $182M to $171MJan 27, 2023 to Feb 14, 2024
- Accounts · 7 to 8Jan 28, 2022 to Jan 27, 2023
- Advisory activities · 2 to 1Jan 28, 2022 to Jan 27, 2023
- HNW clients · 7 to 8Jan 28, 2022 to Jan 27, 2023
- Insurance-licensed employees · 2 to 0Jan 28, 2022 to Jan 27, 2023
- Discretionary RAUM · $181M to $182MJan 28, 2022 to Jan 27, 2023
- HNW RAUM · $181M to $182MJan 28, 2022 to Jan 27, 2023
- RAUM · $181M to $182MJan 28, 2022 to Jan 27, 2023
- Discretionary RAUM · $173M to $181MFeb 18, 2021 to Jan 28, 2022
- HNW RAUM · $173M to $181MFeb 18, 2021 to Jan 28, 2022
- RAUM · $173M to $181MFeb 18, 2021 to Jan 28, 2022
- Accounts · 14 to 7Nov 18, 2020 to Feb 18, 2021
- Discretionary RAUM · $243M to $173MNov 18, 2020 to Feb 18, 2021
- HNW RAUM · $243M to $173MNov 18, 2020 to Feb 18, 2021
- RAUM · $243M to $173MNov 18, 2020 to Feb 18, 2021
- Accounts · 12 to 14Mar 28, 2019 to Feb 19, 2020
- HNW clients · 5 to 7Mar 28, 2019 to Feb 19, 2020
- Insurance-licensed employees · 0 to 2Mar 28, 2019 to Feb 19, 2020
Signals
4 dated events
- D••••••• A•••• M••••••••• L•• reported RAUM $1.6B, up 239% from $467.3M (2025-05-06 to 2026-03-26)Mar 26, 2026 · RAUM change · derived
- D••••••• A•••• M••••••••• L•• reported RAUM $467.3M, up 174% from $170.8M (2024-05-16 to 2025-02-25)Feb 25, 2025 · RAUM change · derived
- Lee Cynthia Murdock (Chief Compliance Officer And Secretary) appeared on Schedule A of D••••••• A•••• M••••••••• L••Jan 31, 2019 · Control person joined · fact
- D••••••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)Sep 4, 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
- Principal office phone
- (214) 420-0300reportedpublic record, Form ADV, Mar 26, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $528Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026