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
F••••••••• F••••• W••••• A••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Jul 12, 2019 · 21 filings
SEC status approved since Aug 13, 2019
RAUM
$191M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$191M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$191M
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$191M as of Mar 31, 2026
Mar 27, 2020$149M then
HNW client RAUM$189M as of Mar 31, 2026
Mar 27, 2020$147M then
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 27, 20202 then
Employees (5.A)2 as of Mar 31, 2026
Mar 27, 20202 then
Private funds: no history
RAUM -5.7% over the last fiscal year+8.0% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $191MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 64derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.2MderivedHNW RAUM over HNW clients
- Average account
- $864,980derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -5.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.2%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$189M99%
- Individuals$2.5M1.3%
- Corporations and businesses$3050.0%
- Individual clients
- 19reported
- HNW clients
- 45reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 221reported
- Financial planning clients
- 51-100reported
- 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
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| N••• D•••• C•••••• | Houston, Tx | Aug 13, 2019 | 19 y | 2 |
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
- L•••• E••••• G•••• to E••••• I••••••••• L••Feb 9, 2022 · RIA to RIA
Joined, latest
- N••• D•••• C•••••• from W•••• F•••• A•••••••Aug 13, 2019 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- L•••• E••••• G•••• from W•••• F•••• A•••••••Aug 13, 2019 · 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 W•••• F•••• A•••••••Sep 25, 2019 · Houston, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••••• N•••• D•••• · Managing Member, Ceo, Ccocontrolsince 06/2019 · owns less than 5%
- C••••••• K••••••• T• · Ownercontrolsince 06/2019 · owns 50% to 75% of K••• I•••••••• L••
- C••••••• N•••• D•••• · Trusteecontrolsince 04/2021 · owns F of K••• F••••• T••••
- C••••••• N•••• D•••• · Ownercontrolsince 04/2021 · owns 50% to 75% of K••• I•••••••• L••
Entity owners
- K••• H••••••• L• · Managerdirect · owns 75% or more
- K••• I•••••••• L•• · General Partnerindirect · owns F of K••• H••••••• L•
- K••• F••••• T•••• · Limited Partnerindirect · owns 75% or more of K••• H••••••• L•
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
- Houston, TX
- Shenandoah, TX
What changed
consecutive filings, newest first
- Accounts · 228 to 221Mar 28, 2025 to Mar 31, 2026
- HNW clients · 51 to 45Mar 28, 2025 to Mar 31, 2026
- Individual clients · 11 to 19Mar 28, 2025 to Mar 31, 2026
- Discretionary RAUM · $203M to $191MMar 28, 2025 to Mar 31, 2026
- HNW RAUM · $201M to $189MMar 28, 2025 to Mar 31, 2026
- Individual RAUM · $1.7M to $2.5MMar 28, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $36,215 to $0Mar 28, 2025 to Mar 31, 2026
- RAUM · $203M to $191MMar 28, 2025 to Mar 31, 2026
- Accounts · 180 to 228Mar 25, 2024 to Mar 28, 2025
- HNW clients · 46 to 51Mar 25, 2024 to Mar 28, 2025
- Individual clients · 10 to 11Mar 25, 2024 to Mar 28, 2025
- Assets in custody · 0.0 to unsetMar 25, 2024 to Mar 28, 2025
- Financial planning clients · 51-100 to 51-100Mar 25, 2024 to Mar 28, 2025
- Discretionary RAUM · $161M to $203MMar 25, 2024 to Mar 28, 2025
- HNW RAUM · $159M to $201MMar 25, 2024 to Mar 28, 2025
- Individual RAUM · $1.9M to $1.7MMar 25, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $0 to $36,215Mar 25, 2024 to Mar 28, 2025
- RAUM · $161M to $203MMar 25, 2024 to Mar 28, 2025
- Accounts · 183 to 180Mar 30, 2023 to Mar 25, 2024
- Advisory activities · 2 to 3Mar 30, 2023 to Mar 25, 2024
- HNW clients · 32 to 46Mar 30, 2023 to Mar 25, 2024
- Individual clients · 1 to 10Mar 30, 2023 to Mar 25, 2024
- Employees · 3 to 2Mar 30, 2023 to Mar 25, 2024
- Financial planning clients · 26-50 to 51-100Mar 30, 2023 to Mar 25, 2024
- Other offices · 0 to 2Mar 30, 2023 to Mar 25, 2024
- Discretionary RAUM · $152M to $161MMar 30, 2023 to Mar 25, 2024
- HNW RAUM · $152M to $159MMar 30, 2023 to Mar 25, 2024
- Individual RAUM · $89,925 to $1.9MMar 30, 2023 to Mar 25, 2024
- RAUM · $152M to $161MMar 30, 2023 to Mar 25, 2024
- Accounts · 166 to 183Aug 15, 2022 to Mar 30, 2023
- Advisory employees · 2 to 1Aug 15, 2022 to Mar 30, 2023
- Advisory activities · 3 to 2Aug 15, 2022 to Mar 30, 2023
- HNW clients · 28 to 32Aug 15, 2022 to Mar 30, 2023
- Individual clients · 8 to 1Aug 15, 2022 to Mar 30, 2023
- Employees · 4 to 3Aug 15, 2022 to Mar 30, 2023
- State-registered IARs · 2 to 1Aug 15, 2022 to Mar 30, 2023
- Discretionary RAUM · $223M to $152MAug 15, 2022 to Mar 30, 2023
- HNW RAUM · $219M to $152MAug 15, 2022 to Mar 30, 2023
- Individual RAUM · $4.3M to $89,925Aug 15, 2022 to Mar 30, 2023
- RAUM · $223M to $152MAug 15, 2022 to Mar 30, 2023
Signals
3 dated events
- D. Jack Carlson (Owner) no longer on Schedule A of F••••••••• F••••• W••••• A••••••• L•• (listed 2021-03-09, absent 2022-03-29)Mar 29, 2022 · Control person left · inference
- L•••• E••••• G•••• left F••••••••• F••••• W••••• A••••••• L•• for E••••• I••••••••• L•• (registered 2022-09-27)Feb 9, 2022 · Advisor changed firm · fact
- F••••••••• F••••• W••••• A••••••• L•• filed its initial SEC registration (Form ADV)Jul 12, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- F••••••••• F••••• W••••• A••••••• L•• · Family Officesshared crd · office
How to reach
public business contact points only, each with its source
- Business email
- i•••@f•••••••••.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 713-510-3510reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/forthrightwealthreportedpublic record, Form ADV, Sep 19, 2026
- Website
- f•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 713-510-3510reportedpublic record, Form ADV, Mar 31, 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
- $191Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026