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
Openair Financial, LLC
Latest filing Aug 26, 2026
First filing on the tape Jan 25, 2023 · 14 filings
SEC status approved since Feb 24, 2023
RAUM
$318M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$318M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$45.4M
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$318M as of Aug 26, 2026
Feb 26, 2024$175M then
HNW client RAUM$215M as of Aug 26, 2026
Feb 26, 2024$50.0M then
State-registered IARs (5.B.3)7 as of Aug 26, 2026
Feb 26, 20246 then
Employees (5.A)7 as of Aug 26, 2026
Feb 26, 20246 then
Private funds: no history
RAUM +13% over the last fiscal yearIARs 7 to 7
Practice profile
derived from the filing of Aug 26, 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
- RAUM per advisor
- $45.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 123derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $262,376derivedRAUM 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
- 1.2derived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -17%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, educational seminarsreportedItem 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
- 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)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$215M68%
- Individuals$103M32%
- Individual clients
- 700reported
- HNW clients
- 160reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,212reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Stewart Embry FieldsCertified Financial Planner | Dallas, Tx | Mar 22, 2019 | 15 y | 4 |
| Jonathan Kent LawtonCertified Financial Planner | Dallas, Tx | May 29, 2019 | 20 y | 3 |
| Chris R Massenburg | Southlake, Tx | May 29, 2019 | 15 y | 1 |
| Jeffery Logan Butler | Southlake, Tx | Feb 8, 2021 | 11 y | 1 |
| Dennis Ryan Overstreet | Southlake, Tx | Feb 27, 2023 | 13 y | 4 |
| Kenneth Aquilla Calhoun | Southlake, Tx | Oct 31, 2023 | 14 y | 1 |
| Landon Wade Mcbride | Southlake, Tx | Jul 8, 2024 | 26 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
- Landon Wade Mcbride from Assetbuilder, Inc.Jul 8, 2024 · RIA to RIA
- Kenneth Aquilla Calhoun from United Capital Financial AdvisorsOct 31, 2023 · Affiliated broker-dealer or bank to independent RIA
- Dennis Ryan Overstreet from Mercer Global Advisors Inc.Feb 27, 2023 · RIA to RIA
- Jeffery Logan Butler from Atrium Capital ManagementFeb 8, 2021 · Other
- Jonathan Kent Lawton from Lake Point Wealth Management, LLCMay 29, 2019 · RIA to RIA
- Chris R Massenburg from Lake Point Wealth Management, LLCMay 29, 2019 · RIA to RIA
- Stewart Embry Fields from Lake Point Wealth Management, LLCMar 22, 2019 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Lake Point Wealth Management, LLCJun 14, 2019 · Fort Worth, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Embry Stewart Fields · Chief Compliance Officer/Managing Member/Investment Advisor Representativecontrolsince 01/2019 · owns 25% to 50%
- Kent Jonathan Lawton · Member/Investment Advisor Representativecontrolsince 05/2019 · owns 25% to 50%
- R Chris Massenburg · Member/Investment Advisor Representativecontrolsince 05/2019 · owns 25% to 50%
Related persons
Schedule D 7.A
- Stewart Fieldsreal estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Southlake, Tx · principal | 7 | 0 | 0 | ||
| Dallas, Tx | 4 | 0 | 0 | ||
| Rockwall, Tx | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Grapevine, TX4 employees
- Rockwall, TX4 employees
- Dallas, TX3 employees
- Richardson, TX2 employees
- Midvale, UT1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 24, 2026HNW share of RAUM moved from 27.0% to 68.0% between the annual amendments of 2025-02-19 and 2026-03-24peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 1,024 to 1,212Feb 19, 2025 to Mar 24, 2026
- HNW clients · 115 to 160Feb 19, 2025 to Mar 24, 2026
- Individual clients · 925 to 700Feb 19, 2025 to Mar 24, 2026
- Financial planning clients · 0 to 1-10Feb 19, 2025 to Mar 24, 2026
- Discretionary RAUM · $281M to $318MFeb 19, 2025 to Mar 24, 2026
- HNW RAUM · $75.5M to $215MFeb 19, 2025 to Mar 24, 2026
- Individual RAUM · $205M to $103MFeb 19, 2025 to Mar 24, 2026
- RAUM · $281M to $318MFeb 19, 2025 to Mar 24, 2026
- Accounts · 833 to 1,024Jul 8, 2024 to Feb 19, 2025
- HNW clients · 99 to 115Jul 8, 2024 to Feb 19, 2025
- Individual clients · 286 to 925Jul 8, 2024 to Feb 19, 2025
- Financial planning clients · 0 to 0Jul 8, 2024 to Feb 19, 2025
- Discretionary RAUM · $183M to $281MJul 8, 2024 to Feb 19, 2025
- HNW RAUM · $53.0M to $75.5MJul 8, 2024 to Feb 19, 2025
- Individual RAUM · $130M to $205MJul 8, 2024 to Feb 19, 2025
- RAUM · $183M to $281MJul 8, 2024 to Feb 19, 2025
- Advisory employees · 6 to 7Jun 12, 2024 to Jul 8, 2024
- Employees · 6 to 7Jun 12, 2024 to Jul 8, 2024
- State-registered IARs · 6 to 7Jun 12, 2024 to Jul 8, 2024
- Accounts · 793 to 833Feb 26, 2024 to May 1, 2024
- HNW clients · 98 to 99Feb 26, 2024 to May 1, 2024
- Individual clients · 280 to 286Feb 26, 2024 to May 1, 2024
- Discretionary RAUM · $175M to $183MFeb 26, 2024 to May 1, 2024
- HNW RAUM · $50.0M to $53.0MFeb 26, 2024 to May 1, 2024
- Individual RAUM · $125M to $130MFeb 26, 2024 to May 1, 2024
- RAUM · $175M to $183MFeb 26, 2024 to May 1, 2024
- Accounts · 732 to 793Oct 31, 2023 to Feb 26, 2024
- HNW clients · 111 to 98Oct 31, 2023 to Feb 26, 2024
- Individual clients · 260 to 280Oct 31, 2023 to Feb 26, 2024
- Discretionary RAUM · $151M to $175MOct 31, 2023 to Feb 26, 2024
- Individual RAUM · $101M to $125MOct 31, 2023 to Feb 26, 2024
- RAUM · $151M to $175MOct 31, 2023 to Feb 26, 2024
- Advisory employees · 5 to 6Oct 4, 2023 to Oct 31, 2023
- Employees · 5 to 6Oct 4, 2023 to Oct 31, 2023
- State-registered IARs · 5 to 6Oct 4, 2023 to Oct 31, 2023
- Accounts · 628 to 732Apr 6, 2023 to Oct 4, 2023
- HNW clients · 101 to 111Apr 6, 2023 to Oct 4, 2023
- Individual clients · 230 to 260Apr 6, 2023 to Oct 4, 2023
- Discretionary RAUM · $108M to $151MApr 6, 2023 to Oct 4, 2023
- HNW RAUM · $36.3M to $50.0MApr 6, 2023 to Oct 4, 2023
Signals
1 dated events
- Openair Financial, Llc filed its initial SEC registration (Form ADV)Jan 25, 2023 · 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 phone
- 214-233-6059reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- OpenAirFinancial.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 214-233-6059reportedpublic record, Form ADV, Aug 26, 2026
- Contact form
- openairadvisers.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- openairadvisers.com/our-teamreportedpublished by the firm, firm site, Sep 15, 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
- $45.4Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026