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

L• I••••••••• M••••••••• L••

Wealth manager with institutional or fund businessDallas, TexasCRD 306615SEC 801-117960IAPD
Latest filing Apr 1, 2026
First filing on the tape Dec 17, 2019 · 8 filings
SEC status approved since Jan 17, 2020
RAUM
$696M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
30%
$209M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$696M as of Apr 1, 2026
Apr 16, 2020$177M then
HNW client RAUM$209M as of Apr 1, 2026
Apr 16, 2020$80.3M then
State-registered IARs (5.B.3)0 as of Apr 1, 2026
Apr 16, 20200 then
Employees (5.A)2 as of Apr 1, 2026
Apr 16, 20201 then
Private funds: no history
RAUM -9.9% over the last fiscal year-3.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 1, 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
$174MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%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
-9.9%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, selection of other advisers, 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)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Corporations and businesses$487M70%
  • High-net-worth individuals$209M30%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
fixedreported
Class basis
private_client_share=0.3 fund_share=0.0 institutional_share=0.0 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
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • P•••••• A•••• K••• · Managing Member And Chief Compliance Officercontrol
        since 12/2019 · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Apr 1, 2026
        discretionary share of RAUM of 0% against a peer median of 99% (1482 comparable advisers, 0.0th percentile, 33.5 robust deviations)
        peers: independent wealth managers, $500M to $1B (1,482) · 0.0% percentile
      How anomalies are measured
      What changed
      consecutive filings, newest first
      • HNW RAUM · $204M to $209M
        Mar 31, 2025 to Apr 1, 2026
      • Non-discretionary RAUM · $773M to $696M
        Mar 31, 2025 to Apr 1, 2026
      • RAUM · $773M to $696M
        Mar 31, 2025 to Apr 1, 2026
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • HQ city · unset to DALLAS
        Mar 29, 2024 to Mar 31, 2025
      • HQ state · unset to TX
        Mar 29, 2024 to Mar 31, 2025
      • HNW RAUM · $200M to $204M
        Mar 29, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $731M to $773M
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $731M to $773M
        Mar 29, 2024 to Mar 31, 2025
      • Advisory employees · 2 to 1
        Mar 31, 2023 to Mar 29, 2024
      • HNW RAUM · $192M to $200M
        Mar 31, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $785M to $731M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $785M to $731M
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 3 to 4
        Apr 1, 2022 to Mar 31, 2023
      • HNW RAUM · $234M to $192M
        Apr 1, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $338M to $785M
        Apr 1, 2022 to Mar 31, 2023
      • RAUM · $338M to $785M
        Apr 1, 2022 to Mar 31, 2023
      • Advisory employees · 1 to 2
        Mar 31, 2021 to Apr 1, 2022
      • Employees · 1 to 2
        Mar 31, 2021 to Apr 1, 2022
      • HNW RAUM · $259M to $234M
        Mar 31, 2021 to Apr 1, 2022
      • Non-discretionary RAUM · $348M to $338M
        Mar 31, 2021 to Apr 1, 2022
      • RAUM · $348M to $338M
        Mar 31, 2021 to Apr 1, 2022
      • HQ city · DALLAS to unset
        Apr 16, 2020 to Mar 31, 2021
      • HQ state · TX to unset
        Apr 16, 2020 to Mar 31, 2021
      • HNW RAUM · $80.3M to $259M
        Apr 16, 2020 to Mar 31, 2021
      • Non-discretionary RAUM · $177M to $348M
        Apr 16, 2020 to Mar 31, 2021
      • RAUM · $177M to $348M
        Apr 16, 2020 to Mar 31, 2021
      • Accounts · 0 to 3
        Dec 17, 2019 to Apr 16, 2020
      • Advisory activities · 4 to 3
        Dec 17, 2019 to Apr 16, 2020
      • HNW RAUM · unset to 80260000.0
        Dec 17, 2019 to Apr 16, 2020
      • Non-discretionary RAUM · $0 to $177M
        Dec 17, 2019 to Apr 16, 2020
      • RAUM · $0 to $177M
        Dec 17, 2019 to Apr 16, 2020
      Signals
      3 dated events
      • L• I••••••••• M••••••••• L•• reported RAUM $784.6M, up 132% from $338.2M (2022-04-01 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • L• I••••••••• M••••••••• L•• reported RAUM $347.6M, up 97% from $176.8M (2020-04-16 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • L• I••••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Dec 17, 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
      Principal office phone
      214-987-8234reportedpublic record, Form ADV, Apr 1, 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
      Wealth manager with institutional or fund businessderiveda 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