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
V•••• F•••••••• S•••••••• L••
Latest filing Jan 13, 2026
First filing on the tape Jul 13, 2020 · 12 filings
SEC status approved since Aug 12, 2020
RAUM
$273M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$273M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$137M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$273M as of Jan 13, 2026
Feb 18, 2021$159M then
HNW client RAUM$88.3M as of Jan 13, 2026
Feb 18, 2021$72.8M then
State-registered IARs (5.B.3)2 as of Jan 13, 2026
Feb 18, 20213 then
Employees (5.A)2 as of Jan 13, 2026
Feb 18, 20213 then
Private funds: no history
RAUM +8.3% over the last fiscal year+11% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Jan 13, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $137MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 838derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $163,149derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.7%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $224M, 1,378 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
- is an insurance broker or agent (6.A.6)
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- 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
- Individuals$185M68%
- High-net-worth individuals$88.3M32%
- Individual clients
- 1,629reported
- HNW clients
- 46reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,675reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $224M for 1,378 clientsreported
- Compensation
- % of AUMreported
- 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
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| W•••••• A••••• T••• | Knoxville, Tn | Jun 3, 2020 | 27 y | 4 |
| B•••• L•• R•••••• | Knoxville, Tn | Jan 1, 2025 | 26 y | 4 |
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
none on the tape
Joined, latest
- B•••• L•• R•••••• from F••••••• H••••• A•••••••• L••Jan 1, 2025 · RIA to RIA
- W•••••• A••••• T••• from F••••••• H••••• A•••••••• L••Jun 3, 2020 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- R••••••• B••••• L•• · Managing Membercontrolsince 05/2020 · owns 25% to 50%
- T•••• W••••••• A••••• · Managing Member / Chief Compliance Officercontrolsince 05/2020 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Knoxville, Tn · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,615 to 1,675Apr 29, 2025 to Jan 13, 2026
- HNW clients · 34 to 46Apr 29, 2025 to Jan 13, 2026
- Individual clients · 1,581 to 1,629Apr 29, 2025 to Jan 13, 2026
- Assets in custody · $40.1M to $224MApr 29, 2025 to Jan 13, 2026
- Discretionary RAUM · $252M to $273MApr 29, 2025 to Jan 13, 2026
- HNW RAUM · $69.8M to $88.3MApr 29, 2025 to Jan 13, 2026
- Individual RAUM · $183M to $185MApr 29, 2025 to Jan 13, 2026
- RAUM · $252M to $273MApr 29, 2025 to Jan 13, 2026
- Accounts · 1,580 to 1,615Jan 16, 2025 to Apr 29, 2025
- HNW clients · 33 to 34Jan 16, 2025 to Apr 29, 2025
- Individual clients · 1,557 to 1,581Jan 16, 2025 to Apr 29, 2025
- Assets in custody · $35.1M to $40.1MJan 16, 2025 to Apr 29, 2025
- Financial planning clients · 0 to 0Jan 16, 2025 to Apr 29, 2025
- Discretionary RAUM · $241M to $252MJan 16, 2025 to Apr 29, 2025
- HNW RAUM · $57.9M to $69.8MJan 16, 2025 to Apr 29, 2025
- RAUM · $241M to $252MJan 16, 2025 to Apr 29, 2025
- Accounts · 1,572 to 1,580Jan 23, 2024 to Jan 16, 2025
- Advisory activities · 1 to 2Jan 23, 2024 to Jan 16, 2025
- HNW clients · 30 to 33Jan 23, 2024 to Jan 16, 2025
- Individual clients · 1,542 to 1,557Jan 23, 2024 to Jan 16, 2025
- Assets in custody · $31.0M to $35.1MJan 23, 2024 to Jan 16, 2025
- Financial planning clients · unset to 0Jan 23, 2024 to Jan 16, 2025
- Discretionary RAUM · $212M to $241MJan 23, 2024 to Jan 16, 2025
- HNW RAUM · $51.5M to $57.9MJan 23, 2024 to Jan 16, 2025
- Individual RAUM · $161M to $183MJan 23, 2024 to Jan 16, 2025
- Non-discretionary RAUM · $280,000 to $0Jan 23, 2024 to Jan 16, 2025
- RAUM · $213M to $241MJan 23, 2024 to Jan 16, 2025
- Accounts · 1,452 to 1,572Feb 13, 2023 to Jan 23, 2024
- HNW clients · 23 to 30Feb 13, 2023 to Jan 23, 2024
- Individual clients · 1,427 to 1,542Feb 13, 2023 to Jan 23, 2024
- Assets in custody · $21.0M to $31.0MFeb 13, 2023 to Jan 23, 2024
- Discretionary RAUM · $202M to $212MFeb 13, 2023 to Jan 23, 2024
- HNW RAUM · $58.3M to $51.5MFeb 13, 2023 to Jan 23, 2024
- Individual RAUM · $144M to $161MFeb 13, 2023 to Jan 23, 2024
- Non-discretionary RAUM · $290,000 to $280,000Feb 13, 2023 to Jan 23, 2024
- RAUM · $202M to $213MFeb 13, 2023 to Jan 23, 2024
- Accounts · 1,347 to 1,452Jan 19, 2022 to Feb 13, 2023
- HNW clients · 26 to 23Jan 19, 2022 to Feb 13, 2023
- Individual clients · 1,320 to 1,427Jan 19, 2022 to Feb 13, 2023
- Assets in custody · $19.5M to $21.0MJan 19, 2022 to Feb 13, 2023
Signals
2 dated events
- Lee Brian Russell (Managing Member) appeared on Schedule A of V•••• F•••••••• S•••••••• L••Aug 7, 2020 · Control person joined · fact
- V•••• F•••••••• S••••••• filed its initial SEC registration (Form ADV)Jul 13, 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
- Business phone
- 865-675-1235reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 865-675-1203reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/90495758/admin/dashboardreportedpublic record, Form ADV, Sep 18, 2026
- Website
- valorfs.netreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 865-675-1200reportedpublic record, Form ADV, Jan 13, 2026
- Contact form
- valorfs.net/contactreportedpublished by the firm, firm site, Sep 17, 2026
- Team page
- valorfs.net/meet-our-teamreportedpublished by the firm, firm site, Sep 17, 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
- $137Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026