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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Former SEC-registered adviser
F••••••••• P••••••• L••
Latest filing Feb 12, 2025
First filing on the tape Jul 30, 2020 · 13 filings
SEC status approved since Aug 31, 2020
RAUM
$136M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
49%
$66.7M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$136M as of Feb 12, 2025
Jan 12, 2021$116M then
HNW client RAUM$39.1M as of Feb 12, 2025
Jan 12, 2021$25.5M then
State-registered IARs (5.B.3)2 as of Feb 12, 2025
Jan 12, 20211 then
Employees (5.A)3 as of Feb 12, 2025
Jan 12, 20212 then
Private funds: no history
RAUM -5.3% over the last fiscal year-1.6% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 12, 2025; every figure names its basis
- RAUM per advisor
- $68.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 23derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $1.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -5.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +125%derived
- Compensation
- percentage of assets, fixed feesreportedItem 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
- 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
- Corporations and businesses$57.9M45%
- High-net-worth individuals$39.1M31%
- Individuals$27.6M22%
- Charitable organizations$3.4M2.6%
- Individual clients
- 28reported
- HNW clients
- 17reported
- Pension plan clients
- 0reported
- Charitable clients
- 4reported
- Accounts
- 83reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- 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
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 days1 left over 36 months
Left, latest
- H•••••••• S•••• to M•••••Dec 31, 2025 · RIA to RIA
Joined, latest
- H•••••••• S•••• from M•••••Sep 10, 2020 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- K••••• B••••••• W•••• · Elected Manager, Ccocontrolsince 04/2020 · owns 25% to 50%
- S••••• H•••••••• · Elected Managercontrolsince 09/2020 · owns 25% to 50%
- V•• B••••• N••••• · Director Of Equity Researchsince 03/2022 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Atlanta, Ga · principal | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 52 to 83Feb 27, 2024 to Feb 12, 2025
- Charity clients · 3 to 4Feb 27, 2024 to Feb 12, 2025
- Corporate clients · 4 to 3Feb 27, 2024 to Feb 12, 2025
- HNW clients · 11 to 17Feb 27, 2024 to Feb 12, 2025
- Individual clients · 9 to 28Feb 27, 2024 to Feb 12, 2025
- Financial planning clients · unset to Feb 27, 2024 to Feb 12, 2025
- Discretionary RAUM · $118M to $136MFeb 27, 2024 to Feb 12, 2025
- HNW RAUM · $56.9M to $39.1MFeb 27, 2024 to Feb 12, 2025
- Individual RAUM · $3.4M to $27.6MFeb 27, 2024 to Feb 12, 2025
- Non-discretionary RAUM · $26.5M to $2,811Feb 27, 2024 to Feb 12, 2025
- RAUM · $144M to $136MFeb 27, 2024 to Feb 12, 2025
- Accounts · 23 to 52Feb 7, 2023 to Feb 27, 2024
- Charity clients · 2 to 3Feb 7, 2023 to Feb 27, 2024
- Individual clients · 2 to 9Feb 7, 2023 to Feb 27, 2024
- Discretionary RAUM · $97.1M to $118MFeb 7, 2023 to Feb 27, 2024
- HNW RAUM · $32.4M to $56.9MFeb 7, 2023 to Feb 27, 2024
- Individual RAUM · $1.3M to $3.4MFeb 7, 2023 to Feb 27, 2024
- Non-discretionary RAUM · $22.3M to $26.5MFeb 7, 2023 to Feb 27, 2024
- RAUM · $119M to $144MFeb 7, 2023 to Feb 27, 2024
- Accounts · 35 to 23Oct 17, 2022 to Feb 7, 2023
- Corporate clients · 2 to 4Oct 17, 2022 to Feb 7, 2023
- HNW clients · 9 to 11Oct 17, 2022 to Feb 7, 2023
- Individual clients · 3 to 2Oct 17, 2022 to Feb 7, 2023
- Discretionary RAUM · $107M to $97.1MOct 17, 2022 to Feb 7, 2023
- HNW RAUM · $30.2M to $32.4MOct 17, 2022 to Feb 7, 2023
- Individual RAUM · $2.0M to $1.3MOct 17, 2022 to Feb 7, 2023
- Non-discretionary RAUM · $36.1M to $22.3MOct 17, 2022 to Feb 7, 2023
- RAUM · $143M to $119MOct 17, 2022 to Feb 7, 2023
- Advisory employees · 1 to 2Apr 21, 2022 to Apr 22, 2022
- Employees · 2 to 3Apr 21, 2022 to Apr 22, 2022
- State-registered IARs · 1 to 2Apr 21, 2022 to Apr 22, 2022
- Accounts · 28 to 35Oct 25, 2021 to Feb 23, 2022
- Charity clients · 1 to 2Oct 25, 2021 to Feb 23, 2022
- HNW clients · 8 to 9Oct 25, 2021 to Feb 23, 2022
- Individual clients · 1 to 3Oct 25, 2021 to Feb 23, 2022
- Discretionary RAUM · $89.7M to $107MOct 25, 2021 to Feb 23, 2022
- HNW RAUM · $29.8M to $30.2MOct 25, 2021 to Feb 23, 2022
- Individual RAUM · $749,786 to $2.0MOct 25, 2021 to Feb 23, 2022
- Non-discretionary RAUM · $29.0M to $36.1MOct 25, 2021 to Feb 23, 2022
- RAUM · $119M to $143MOct 25, 2021 to Feb 23, 2022
Signals
4 dated events
- F••••••••• P••••••• L•• no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $136.5M)Jan 2, 2026 · Left the SEC roster · derived
- H•••••••• S•••• left F••••••••• P••••••• L•• for Montag (registered 2026-03-09)Dec 31, 2025 · Advisor changed firm · fact
- H•••••••• S•••• (Elected Manager) appeared on Schedule A of F••••••••• P••••••• L••Sep 3, 2020 · Control person joined · fact
- F••••••••• P••••••• L•• filed its initial SEC registration (Form ADV)Jul 30, 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