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.

Former SEC-registered adviser

Truwealth Advisors, LLC

Former SEC-registered adviserMetairie, LouisianaCRD 306876SEC 801-119073websiteIAPD
Latest filing Apr 23, 2026
First filing on the tape Jun 16, 2020 · 32 filings
SEC status approved since Jul 17, 2020
RAUM
$3.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$3.0B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
32
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$3.1B as of Apr 23, 2026
Feb 5, 2021$1.4B then
HNW client RAUM$2.0B as of Apr 23, 2026
Feb 5, 2021$1.2B then
State-registered IARs (5.B.3)14 as of Apr 23, 2026
Feb 5, 202115 then
Employees (5.A)32 as of Apr 23, 2026
Feb 5, 202125 then
Private funds: no history
RAUM +20% over the last fiscal year+22% a year over threeIARs 18 to 14
Practice profile
derived from the filing of Apr 23, 2026; every figure names its basis
RAUM per advisor
$218MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
333derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.5MderivedHNW RAUM over HNW clients
Average account
$399,862derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
7.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+20%derivedbetween the last two annual amendments
Advisor growth, one year
-22%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.0%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Financial planning clients
1,309reportedItem 5.H
Custody
$398M, 361 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)
  • 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$2.0B66%
  • Individuals$1.0B34%
  • Corporations and businesses$9.6M0.3%
  • Charitable organizations$7.3M0.2%
  • Pension and profit-sharing plans$1.0M0.0%
Individual clients
3,280reported
HNW clients
1,375reported
Pension plan clients
5reported
Charitable clients
10reported
Accounts
7,629reported
Financial planning clients
1,309reported
Wrap fee programs
noreported
Custody of client assets
$398M for 361 clientsreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
15 left, 0 joined in 12 months
net -15 in 12 months0 left in 90 days0 joined in 90 days15 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Carlos James Parrie · Chief Operating Officercontrol
    since 07/2020 · owns less than 5%
  • William Matthew Rodrigue · Chief Investment Officercontrol
    since 01/2022 · owns less than 5%
  • Lee Charles Simmons · Chief Executive Officercontrol
    since 07/2020 · owns less than 5%
  • Maria Jennifer Valteau · Chief Compliance Officercontrol
    since 07/2020 · owns less than 5%
  • Lee Charles Simmons · Managing Membercontrol
    since 07/2020 · owns 50% to 75% of Truwealth Holdings, LLC
  • Lynn Neal Christy Simmons · Managing Membercontrol
    since 07/2020 · owns 50% to 75% of Truwealth Holdings, LLC
Entity owners
  • Truwealth Holdings, LLC · Sole Member
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Ramon F. Cesta, Cpa
    insurancen
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Mandeville, La001
Metairie, La · principal00141
Offices
Schedule D 1.F, the 25 largest
  • Mandeville, LA3 employees
What changed
consecutive filings, newest first
  • Advisory employees · 18 to 14
    Feb 4, 2026 to Apr 23, 2026
  • Employees · 35 to 32
    Feb 4, 2026 to Apr 23, 2026
  • State-registered IARs · 18 to 14
    Feb 4, 2026 to Apr 23, 2026
  • Accounts · 7,157 to 7,629
    Jan 5, 2026 to Feb 4, 2026
  • Charity clients · 8 to 10
    Jan 5, 2026 to Feb 4, 2026
  • Corporate clients · 20 to 30
    Jan 5, 2026 to Feb 4, 2026
  • HNW clients · 1,329 to 1,375
    Jan 5, 2026 to Feb 4, 2026
  • Individual clients · 3,020 to 3,280
    Jan 5, 2026 to Feb 4, 2026
  • Pension plan clients · 10 to 5
    Jan 5, 2026 to Feb 4, 2026
  • Assets in custody · $884M to $398M
    Jan 5, 2026 to Feb 4, 2026
  • Discretionary RAUM · $2.5B to $3.1B
    Jan 5, 2026 to Feb 4, 2026
  • HNW RAUM · $1.7B to $2.0B
    Jan 5, 2026 to Feb 4, 2026
  • Individual RAUM · $770M to $1.0B
    Jan 5, 2026 to Feb 4, 2026
  • Pension RAUM · $2.0M to $1.0M
    Jan 5, 2026 to Feb 4, 2026
  • RAUM · $2.5B to $3.1B
    Jan 5, 2026 to Feb 4, 2026
  • Advisory employees · 19 to 18
    Nov 11, 2025 to Jan 5, 2026
  • Employees · 36 to 35
    Nov 11, 2025 to Jan 5, 2026
  • State-registered IARs · 19 to 18
    Nov 11, 2025 to Jan 5, 2026
  • Related insurance company · true to false
    Nov 11, 2025 to Jan 5, 2026
  • Advisory employees · 18 to 19
    Feb 10, 2025 to Nov 11, 2025
  • Employees · 34 to 36
    Feb 10, 2025 to Nov 11, 2025
  • State-registered IARs · 18 to 19
    Feb 10, 2025 to Nov 11, 2025
  • Accounts · 6,613 to 7,157
    Sep 18, 2024 to Feb 10, 2025
  • Charity clients · 1 to 8
    Sep 18, 2024 to Feb 10, 2025
  • Corporate clients · 30 to 20
    Sep 18, 2024 to Feb 10, 2025
  • HNW clients · 1,264 to 1,329
    Sep 18, 2024 to Feb 10, 2025
  • Individual clients · 2,913 to 3,020
    Sep 18, 2024 to Feb 10, 2025
  • Pension plan clients · 20 to 10
    Sep 18, 2024 to Feb 10, 2025
  • Assets in custody · $271M to $884M
    Sep 18, 2024 to Feb 10, 2025
  • Financial planning clients · More than 500 to More than 500
    Sep 18, 2024 to Feb 10, 2025
  • Discretionary RAUM · $2.1B to $2.5B
    Sep 18, 2024 to Feb 10, 2025
  • HNW RAUM · $1.5B to $1.7B
    Sep 18, 2024 to Feb 10, 2025
  • Individual RAUM · $572M to $770M
    Sep 18, 2024 to Feb 10, 2025
  • Pension RAUM · $29.6M to $2.0M
    Sep 18, 2024 to Feb 10, 2025
  • RAUM · $2.1B to $2.5B
    Sep 18, 2024 to Feb 10, 2025
  • Advisory employees · 17 to 18
    Jun 6, 2024 to Sep 18, 2024
  • State-registered IARs · 17 to 18
    Jun 6, 2024 to Sep 18, 2024
  • Advisory employees · 18 to 17
    Mar 1, 2024 to Mar 5, 2024
  • BD registered reps · 6 to 0
    Mar 1, 2024 to Mar 5, 2024
  • Employees · 36 to 34
    Mar 1, 2024 to Mar 5, 2024
Signals
27 dated events
  • Truwealth Advisors, Llc no longer on the SEC adviser roster (last listed 2026-05-01, RAUM $3.1B)
    Jun 1, 2026 · Left the SEC roster · derived
  • 2 advisors left Truwealth Advisors, LLC (Metairie, LA) for Waverly Advisors, LLC on the same day
    May 19, 2026 · Team lift-out · derived
  • Charles Lee Simmons left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-19)
    May 19, 2026 · Advisor changed firm · fact
  • Lori Marie Delatorre left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-19)
    May 19, 2026 · Advisor changed firm · fact
  • William Travis Maisano left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-22)
    Apr 24, 2026 · Advisor changed firm · fact
  • Garrett Bradley Ulmer left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-08)
    Apr 24, 2026 · Advisor changed firm · fact
  • Wesley Christian Bouler left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-07)
    Apr 24, 2026 · Advisor changed firm · fact
  • Megan Deroche Ulmer left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-08)
    Apr 24, 2026 · Advisor changed firm · fact
  • Erin Lynn Vasseur left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-07)
    Apr 24, 2026 · Advisor changed firm · fact
  • David Paul Mire left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-07)
    Apr 24, 2026 · Advisor changed firm · fact
  • William Brooks Wall left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-07)
    Apr 24, 2026 · Advisor changed firm · fact
  • Jackson E Young left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-04-30)
    Apr 24, 2026 · Advisor changed firm · fact
  • Christopher John Hitzman left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-07)
    Apr 24, 2026 · Advisor changed firm · fact
  • Cory Marion Faucheux left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-07)
    Apr 24, 2026 · Advisor changed firm · fact
  • Matthew William Rodrigue left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-07)
    Apr 24, 2026 · Advisor changed firm · fact
  • Katy Lynn Hane left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-18)
    Apr 24, 2026 · Advisor changed firm · fact
  • James Carlos Parrie left Truwealth Advisors, Llc for Waverly Advisors, Llc (registered 2026-05-11)
    Apr 24, 2026 · Advisor changed firm · fact
  • Truwealth Advisors, LLC's advisors moved to Waverly Advisors, LLC (Metairie, LA): 13 of 15 registered, on the same day
    Apr 24, 2026 · Firm absorbed (people side) · derived
  • Truwealth Advisors, Llc reported RAUM $2.1B, up 26% from $1.7B (2023-10-30 to 2024-03-01)
    Mar 1, 2024 · RAUM change · derived
  • William Matthew Rodrigue (Chief Investment Officer) appeared on Schedule A of Truwealth Advisors, Llc
    Jan 11, 2022 · Control person joined · fact
  • Truwealth Advisors, Llc reported 15 state-registered advisory representatives, up from 0 (2020-07-24 to 2020-11-11)
    Nov 11, 2020 · Advisor headcount change · derived
  • Lee Charles Simmons (Chief Executive Officer) appeared on Schedule A of Truwealth Advisors, Llc
    Jul 17, 2020 · Control person joined · fact
  • Carlos James Parrie (Chief Operating Officer) appeared on Schedule A of Truwealth Advisors, Llc
    Jul 17, 2020 · Control person joined · fact
  • Lynn Neal Christy Simmons (Managing Member) appeared on Schedule A of Truwealth Advisors, Llc
    Jul 17, 2020 · Control person joined · fact
  • Maria Jennifer Valteau (Chief Compliance Officer) appeared on Schedule A of Truwealth Advisors, Llc
    Jul 17, 2020 · Control person joined · fact
  • Adam Daniel Bernstein (Chief Compliance Officer) no longer on Schedule A of Truwealth Advisors, Llc (listed 2020-07-08, absent 2020-07-17)
    Jul 17, 2020 · Control person left · inference
  • Knight Advisors, Llc filed its initial SEC registration (Form ADV)
    Jun 16, 2020 · 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.
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
Former SEC-registered adviserderiveda 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