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
R•• S••• P•••••• C•••••
Legal name R•••••• P•• I••
Latest filing Mar 4, 2026
First filing on the tape Feb 6, 2020 · 21 filings
SEC status approved since Mar 9, 2020
RAUM
$165M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$55.1M
derived; firm RAUM over IAPD count
Employees
8
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$165M as of Mar 4, 2026
Feb 8, 2021$188M then
HNW client RAUM$0 as of Mar 4, 2026
Feb 8, 2021$0 then
State-registered IARs (5.B.3)1 as of Mar 4, 2026
Feb 8, 20212 then
Employees (5.A)8 as of Mar 4, 2026
Feb 8, 20214 then
Private funds1 as of Feb 10, 2023
Feb 8, 20211 then
RAUM -93% over the last fiscal year-46% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 4, 2026; every figure names its basis
- RAUM per advisor
- $55.1MderivedRAUM 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
- $23.6MderivedRAUM 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
- 2.7derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -93%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 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
- 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$165M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 7reported
- 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=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M••••• L••• T•••• | Mission Viejo, Ca | May 19, 2023 | 26 y | 0 |
| E••••• N•••••• | Houston, Tx | Aug 1, 2025 | 21 y | 0 |
| A••• D•••• | Houston, Tx | Feb 2, 2026 | 12 y | 2 |
Advisor movement
0 left, 1 joined in 12 months
net +1 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
- A••• D•••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Feb 2, 2026 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| R•• S••• R••• E••••• F••• L•• | Other Private Fund | $304M | 8 | Jul 23, 2020 |
Owners and control persons
Schedule A and B, latest filing
- C•••••• C•••• · Shareholdercontrolsince 04/2018 · owns 5% to 10%
- N••••••• E•••••• I••• · Ceocontrolsince 02/2017 · owns 75% or more
- S••••••••• C••••••• D•••• · Chief Compliance Officersince 04/2023 · owns less than 5%
Entity owners
- V• I••••••••• H••••••• · Shareholderdirect · owns 5% to 10%
Related persons
Schedule D 7.A
- R•••••• M••••••• L••broker-dealery
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Houston, Tx · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Mar 4, 2026discretionary share of RAUM of 0% against a peer median of 100% (212 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: other advisers, $100M to $500M (212) · 0.0% percentile
- RAUM down 50 %Change between filings · filing Mar 4, 2026RAUM (Item 5.F) moved from $2,443,073,000 to $165,260,000 (-93.0%) between the annual amendments of 2025-03-19 and 2026-03-04; the peer median change was +8.0% (161 comparable advisers, 0.0th percentile of changes)peers: other advisers, $100M to $500M (161) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 2 to 7May 12, 2025 to Feb 17, 2026
- Corporate clients · 2 to 7May 12, 2025 to Feb 17, 2026
- Non-discretionary RAUM · $2.4B to $165MMay 12, 2025 to Feb 17, 2026
- RAUM · $2.4B to $165MMay 12, 2025 to Feb 17, 2026
- Financial planning clients · unset to Mar 19, 2025 to May 12, 2025
- Accounts · 13 to 2Mar 27, 2024 to Mar 19, 2025
- Advisory activities · 3 to 2Mar 27, 2024 to Mar 19, 2025
- Corporate clients · 13 to 2Mar 27, 2024 to Mar 19, 2025
- Employees · 2 to 8Mar 27, 2024 to Mar 19, 2025
- Non-discretionary RAUM · $2.5B to $2.4BMar 27, 2024 to Mar 19, 2025
- RAUM · $2.5B to $2.4BMar 27, 2024 to Mar 19, 2025
- Accounts · 8 to 13May 16, 2023 to Mar 27, 2024
- Advisory employees · 1 to 2May 16, 2023 to Mar 27, 2024
- Advisory activities · 2 to 3May 16, 2023 to Mar 27, 2024
- BD registered reps · 0 to 2May 16, 2023 to Mar 27, 2024
- Corporate clients · 8 to 13May 16, 2023 to Mar 27, 2024
- Employees · 4 to 2May 16, 2023 to Mar 27, 2024
- Private funds · 1 to unsetMay 16, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $1.0B to $2.5BMay 16, 2023 to Mar 27, 2024
- RAUM · $1.0B to $2.5BMay 16, 2023 to Mar 27, 2024
- Related broker-dealer · false to trueApr 21, 2023 to May 16, 2023
- Assets in custody · 303680009.0 to unsetApr 4, 2022 to Feb 10, 2023
- Employees · 2 to 4Apr 4, 2022 to Feb 10, 2023
- Discretionary RAUM · $304M to $0Apr 4, 2022 to Feb 10, 2023
- Non-discretionary RAUM · $0 to $1.0BApr 4, 2022 to Feb 10, 2023
- RAUM · $304M to $1.0BApr 4, 2022 to Feb 10, 2023
- Advisory employees · 2 to 1Mar 28, 2022 to Apr 4, 2022
- Employees · 3 to 2Mar 28, 2022 to Apr 4, 2022
- State-registered IARs · 2 to 1Mar 28, 2022 to Apr 4, 2022
- Advisory employees · 1 to 2Mar 7, 2022 to Mar 28, 2022
- Employees · 2 to 3Mar 7, 2022 to Mar 28, 2022
- State-registered IARs · 1 to 2Mar 7, 2022 to Mar 28, 2022
- Accounts · 9 to 8Jan 26, 2022 to Mar 7, 2022
- Corporate clients · 0 to 8Jan 26, 2022 to Mar 7, 2022
- Assets in custody · $188M to $304MJan 26, 2022 to Mar 7, 2022
- Discretionary RAUM · $188M to $304MJan 26, 2022 to Mar 7, 2022
- RAUM · $188M to $304MJan 26, 2022 to Mar 7, 2022
- Advisory employees · 3 to 1Feb 8, 2021 to Dec 20, 2021
- Employees · 4 to 2Feb 8, 2021 to Dec 20, 2021
- State-registered IARs · 2 to 1Feb 8, 2021 to Dec 20, 2021
Signals
10 dated events
- R•• S••• P•••••• C••••• reported RAUM $165.3M, down 93% from $2.4B (2025-05-12 to 2026-02-17)Feb 17, 2026 · RAUM change · derived
- R•• S••• P•••••• C••••• reported RAUM $2.5B, up 141% from $1.0B (2023-05-16 to 2024-03-27)Mar 27, 2024 · RAUM change · derived
- Upendra Sachin Patel (Chief Compliance Officer) no longer on Schedule A of R•• S••• P•••••• C••••• (listed 2023-02-10, absent 2023-04-18)Apr 18, 2023 · Control person left · inference
- R•• S••• P•••••• C••••• reported RAUM $1.0B, up 243% from $303.7M (2022-04-04 to 2023-02-10)Feb 10, 2023 · RAUM change · derived
- Everett Gong (Chief Compliance Officer) no longer on Schedule A of R•• S••• P•••••• C••••• (listed 2022-03-28, absent 2022-04-04)Apr 4, 2022 · Control person left · inference
- Upendra Sachin Patel (Chief Compliance Officer) appeared on Schedule A of R•• S••• P•••••• C•••••Apr 4, 2022 · Control person joined · fact
- R•• S••• P•••••• C••••• reported RAUM $303.7M, up 61% from $188.2M (2022-01-26 to 2022-03-07)Mar 7, 2022 · RAUM change · derived
- Everett Gong (Chief Compliance Officer) appeared on Schedule A of R•• S••• P•••••• C•••••Dec 20, 2021 · Control person joined · fact
- Tin Ho T•••• (Chief Compliance Officer And Vp Of Finance) no longer on Schedule A of R•• S••• P•••••• C••••• (listed 2021-02-08, absent 2021-12-20)Dec 20, 2021 · Control person left · inference
- R•• S••• P•••••• C••••• filed its initial SEC registration (Form ADV)Feb 6, 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.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/redswancrereportedpublic record, Form ADV, Sep 19, 2026
- Website
- redswan.ioreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- 713-360-7928reportedpublic record, Form ADV, Mar 4, 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
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $55.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
R•• S••• P•••••• C••••• is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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