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
Optas, LLC
Latest filing Mar 30, 2026
First filing on the tape Apr 2, 2019 · 22 filings
SEC status approved since May 3, 2019
RAUM
$882M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$860M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$176M
derived; firm RAUM over IAPD count
Employees
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$882M as of Mar 30, 2026
Feb 27, 2020$523M then
HNW client RAUM$848M as of Mar 30, 2026
Feb 27, 2020$512M then
State-registered IARs (5.B.3)5 as of Mar 30, 2026
Feb 27, 20204 then
Employees (5.A)9 as of Mar 30, 2026
Feb 27, 20206 then
Private funds: no history
RAUM +19% over the last fiscal year+17% a year over threeIARs 4 to 5
Practice profile
derived from the filing of Mar 30, 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
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $176MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 26derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $10.2MderivedHNW RAUM over HNW clients
- Average account
- $1.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.8derivedItem 5.A over advisors
- Advisors per office
- 5.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +19%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -7.7%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
- Custody
- $1.6M, 5 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)
- compensates persons for client referrals (8.G.1)
- 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$848M96%
- Charitable organizations$14.5M1.6%
- Individuals$12.0M1.4%
- Pension and profit-sharing plans$5.9M0.7%
- Corporations and businesses$1.8M0.2%
- Individual clients
- 48reported
- HNW clients
- 83reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 685reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.6M for 5 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Berger | Dripping Springs, Tx | May 3, 2019 | 23 y | 1 |
| Meghan RaileyCertified Financial Planner | Dripping Springs, Tx | May 7, 2019 | 17 y | 2 |
| Frederick Morgan Glasser | Dripping Springs, Tx | May 7, 2019 | 32 y | 2 |
| Ryan HartCertified Financial Planner | Dripping Springs, Tx | Dec 5, 2019 | 13 y | 0 |
| Blake Aaron Broussard | Dripping Springs, Tx | Nov 24, 2025 | 12 y | 0 |
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 headcount1 left over 36 months
Left, latest
- Jeffrey Cyr Morneault to Hilltop PlanningDec 2, 2024 · RIA to a state-registered adviser
Joined, latest
- Jeffrey Cyr Morneault from Hub Investment Partners, LLCAug 17, 2023 · Other
- Frederick Morgan Glasser from Wells Fargo AdvisorsMay 7, 2019 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Meghan Railey from Wells Fargo AdvisorsMay 7, 2019 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Michael Berger from Wells Fargo AdvisorsMay 3, 2019 · Wirehouse to a newly registered adviser (no RAUM reported yet)
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Wells Fargo AdvisorsMay 8, 2019 · San Francisco, Ca
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Morgan Frederick Glasser · Managing Member & Chief Executive Officercontrolsince 05/2019 · owns 50% to 75%
- Meghan Railey · Managing Member & Chief Financial Officercontrolsince 05/2019 · owns 50% to 75%
- Michael Berger · Chief Compliance Officersince 05/2019 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dripping Springs, Tx · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 660 to 685Jan 2, 2026 to Mar 30, 2026
- Advisory employees · 4 to 5Jan 2, 2026 to Mar 30, 2026
- Corporate clients · 14 to 6Jan 2, 2026 to Mar 30, 2026
- HNW clients · 76 to 83Jan 2, 2026 to Mar 30, 2026
- Individual clients · 66 to 48Jan 2, 2026 to Mar 30, 2026
- Assets in custody · $2.3M to $1.6MJan 2, 2026 to Mar 30, 2026
- Employees · 10 to 9Jan 2, 2026 to Mar 30, 2026
- State-registered IARs · 4 to 5Jan 2, 2026 to Mar 30, 2026
- Discretionary RAUM · $741M to $882MJan 2, 2026 to Mar 30, 2026
- HNW RAUM · $704M to $848MJan 2, 2026 to Mar 30, 2026
- Individual RAUM · $16.6M to $12.0MJan 2, 2026 to Mar 30, 2026
- Pension RAUM · $4.5M to $5.9MJan 2, 2026 to Mar 30, 2026
- RAUM · $741M to $882MJan 2, 2026 to Mar 30, 2026
- HQ city · AUSTIN to DRIPPING SPRINGSMar 28, 2025 to Jan 2, 2026
- Accounts · 602 to 660Nov 21, 2024 to Mar 28, 2025
- Advisory employees · 5 to 4Nov 21, 2024 to Mar 28, 2025
- HNW clients · 68 to 76Nov 21, 2024 to Mar 28, 2025
- Individual clients · 56 to 66Nov 21, 2024 to Mar 28, 2025
- Assets in custody · $3.4M to $2.3MNov 21, 2024 to Mar 28, 2025
- Employees · 7 to 10Nov 21, 2024 to Mar 28, 2025
- Financial planning clients · 1-10 to 101-250Nov 21, 2024 to Mar 28, 2025
- State-registered IARs · 5 to 4Nov 21, 2024 to Mar 28, 2025
- Discretionary RAUM · $634M to $741MNov 21, 2024 to Mar 28, 2025
- HNW RAUM · $596M to $704MNov 21, 2024 to Mar 28, 2025
- Individual RAUM · $17.2M to $16.6MNov 21, 2024 to Mar 28, 2025
- Pension RAUM · $5.0M to $4.5MNov 21, 2024 to Mar 28, 2025
- RAUM · $634M to $741MNov 21, 2024 to Mar 28, 2025
- Accounts · 569 to 602Aug 16, 2023 to Mar 27, 2024
- Corporate clients · 10 to 14Aug 16, 2023 to Mar 27, 2024
- HNW clients · 67 to 68Aug 16, 2023 to Mar 27, 2024
- Individual clients · 58 to 56Aug 16, 2023 to Mar 27, 2024
- Assets in custody · $1.9M to $3.4MAug 16, 2023 to Mar 27, 2024
- Employees · 9 to 7Aug 16, 2023 to Mar 27, 2024
- Other offices · 1 to 0Aug 16, 2023 to Mar 27, 2024
- Discretionary RAUM · $548M to $634MAug 16, 2023 to Mar 27, 2024
- HNW RAUM · $514M to $596MAug 16, 2023 to Mar 27, 2024
- Individual RAUM · $15.5M to $17.2MAug 16, 2023 to Mar 27, 2024
- Pension RAUM · $4.0M to $5.0MAug 16, 2023 to Mar 27, 2024
- RAUM · $548M to $634MAug 16, 2023 to Mar 27, 2024
- Accounts · 517 to 569Mar 25, 2022 to Mar 30, 2023
Signals
3 dated events
- Jeffrey Cyr Morneault left Optas, Llc for Hilltop Planning (registered 2025-01-30)Dec 2, 2024 · Advisor changed firm · fact
- Optas, Llc reported RAUM $522.7M, up 32% from $397.4M (2020-01-22 to 2020-02-27)Feb 27, 2020 · RAUM change · derived
- Vasi, Llc filed its initial SEC registration (Form ADV)Apr 2, 2019 · 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
- Firm profile
- linkedin.com/company/optascapitalreportedpublic record, Form ADV, Sep 17, 2026
- Website
- optascapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 888-284-7139reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- optascapital.com/contactreportedpublished by the firm, firm site, Sep 17, 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
- $176Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026