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

S•••••• A•••• M•••••••••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 304401SEC 801-116849websiteIAPD
Legal name S•••••• A•••• M••••••••• L•••
Latest filing Mar 27, 2026
First filing on the tape May 24, 2019 · 13 filings
SEC status approved since Jun 21, 2019
RAUM
$498M
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
6
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$498M as of Mar 27, 2026
Mar 30, 2020$172M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 30, 20200 then
Employees (5.A)6 as of Mar 27, 2026
Mar 30, 20205 then
Private funds1 as of Mar 27, 2026
Mar 30, 20201 then
RAUM -7.3% over the last fiscal year+0.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 2026; 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
$62.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
28%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
-7.3%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 assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, otherreportedItem 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)
  • 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$317M64%
  • Insurance companies$49.1M9.9%
  • Charitable organizations$48.9M9.8%
  • State and municipal entities$41.7M8.4%
  • Corporations and businesses$41.3M8.3%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
3reported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.64 institutional_share=0.28 related_bd=false related_bank=false bd_reps=0.0derived
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
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•••••• D•••••• O••••••••• F••• L•Other Private Fund$359M70May 24, 2019
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••••• D•••• M••••••• · Founding Partner, Chief Compliance Officer, & Chief Operating Officercontrol
        since 05/2019 · owns 25% to 50%
      • F••••••• M•••• R•••••• · Founding Partner & Chief Investment Officercontrol
        since 05/2019 · owns 50% to 75%
      • F••••••• M•••• R•••••• · President & Sole Membercontrol
        since 05/2019 · owns 75% or more of S•••••• A•••• G•••••• L••
      • D••••••• R••••••••• D••• · Senior Analyst
        since 01/2021 · owns 10% to 25%
      Entity owners
      • S•••••• A•••• G•••••• L•• · General Partner
        direct · owns less than 5%
      Related persons
      Schedule D 7.A
      • S•••••• H•••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • high institutional concentrationStatic outlier · filing Mar 27, 2026
        institutional share of RAUM of 28% against a peer median of 0% (1568 comparable advisers, 99.0th percentile, 9.5 robust deviations)
        peers: asset managers, $100M to $500M (1,568) · 99% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 7 to 8
        Jan 30, 2026 to Mar 27, 2026
      • Discretionary RAUM · $537M to $498M
        Jan 30, 2026 to Mar 27, 2026
      • Pooled vehicle RAUM · $376M to $317M
        Jan 30, 2026 to Mar 27, 2026
      • RAUM · $537M to $498M
        Jan 30, 2026 to Mar 27, 2026
      • Charity clients · unset to 3.0
        Mar 28, 2024 to Mar 28, 2025
      • Corporate clients · unset to 1.0
        Mar 28, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 28, 2025
      • Discretionary RAUM · $508M to $537M
        Mar 28, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $359M to $376M
        Mar 28, 2024 to Mar 28, 2025
      • RAUM · $508M to $537M
        Mar 28, 2024 to Mar 28, 2025
      • Accounts · 6 to 7
        Jul 31, 2023 to Mar 28, 2024
      • Advisory employees · 2 to 3
        Jul 31, 2023 to Mar 28, 2024
      • Employees · 4 to 6
        Jul 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $490M to $508M
        Jul 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $364M to $359M
        Jul 31, 2023 to Mar 28, 2024
      • RAUM · $490M to $508M
        Jul 31, 2023 to Mar 28, 2024
      • Advisory employees · 3 to 2
        Mar 30, 2023 to Jul 31, 2023
      • Employees · 5 to 4
        Mar 30, 2023 to Jul 31, 2023
      • Accounts · 7 to 6
        Mar 31, 2022 to Mar 30, 2023
      • Employees · 6 to 5
        Mar 31, 2022 to Mar 30, 2023
      • Discretionary RAUM · $671M to $490M
        Mar 31, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $475M to $364M
        Mar 31, 2022 to Mar 30, 2023
      • RAUM · $671M to $490M
        Mar 31, 2022 to Mar 30, 2023
      • Accounts · 6 to 7
        Mar 31, 2021 to Mar 31, 2022
      • Advisory activities · 3 to 4
        Mar 31, 2021 to Mar 31, 2022
      • Employees · 5 to 6
        Mar 31, 2021 to Mar 31, 2022
      • Discretionary RAUM · $358M to $671M
        Mar 31, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $223M to $475M
        Mar 31, 2021 to Mar 31, 2022
      • RAUM · $358M to $671M
        Mar 31, 2021 to Mar 31, 2022
      • Accounts · 5 to 6
        Dec 17, 2020 to Mar 31, 2021
      • Discretionary RAUM · $348M to $358M
        Dec 17, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $218M to $223M
        Dec 17, 2020 to Mar 31, 2021
      • RAUM · $348M to $358M
        Dec 17, 2020 to Mar 31, 2021
      • Accounts · 3 to 5
        Mar 30, 2020 to Dec 17, 2020
      • Discretionary RAUM · $172M to $348M
        Mar 30, 2020 to Dec 17, 2020
      • Pooled vehicle RAUM · $130M to $218M
        Mar 30, 2020 to Dec 17, 2020
      • RAUM · $172M to $348M
        Mar 30, 2020 to Dec 17, 2020
      • Other offices · 1 to 0
        Oct 21, 2019 to Mar 30, 2020
      • Discretionary RAUM · $143M to $172M
        Oct 21, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $107M to $130M
        Oct 21, 2019 to Mar 30, 2020
      Signals
      4 dated events
      • S•••••• A•••• M••••••••• reported RAUM $490.0M, down 27% from $670.6M (2022-03-31 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • S•••••• A•••• M••••••••• reported RAUM $670.6M, up 87% from $357.7M (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • S•••••• A•••• M••••••••• reported RAUM $348.4M, up 103% from $171.6M (2020-03-30 to 2020-12-17)
        Dec 17, 2020 · RAUM change · derived
      • S•••••• A•••• M••••••••• filed its initial SEC registration (Form ADV)
        May 24, 2019 · 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
      Firm profile
      linkedin.com/company/socorro-asset-managementreportedpublic record, Form ADV, Sep 19, 2026
      Website
      s•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      214-550-1852reportedpublic record, Form ADV, Mar 27, 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
      Asset manager (funds and pooled vehicles)deriveda 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