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

D••••••••• A•••••••

Independent wealth managerCRD 311908SEC 801-131170websiteIAPD
Legal name F••••••• P••••• F••••••••• L••
Latest filing Mar 26, 2026
First filing on the tape Aug 23, 2024 · 7 filings
SEC status approved since Sep 24, 2024
RAUM
$43.0M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$43.0M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$14.3M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
7 filings and snapshots on the tape
RAUM$43.0M as of Mar 26, 2026
Mar 28, 2025$108M then
HNW client RAUM$26.0M as of Mar 26, 2026
Mar 28, 2025$94.8M then
State-registered IARs (5.B.3)3 as of Mar 26, 2026
Mar 28, 20251 then
Employees (5.A)3 as of Mar 26, 2026
Mar 28, 20251 then
Private funds: no history
RAUM -60% over the last fiscal yearIARs 1 to 3
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$14.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
30derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$477,778derivedRAUM 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
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-60%derivedbetween the last two annual amendments
Advisor growth, one year
+200%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.4%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, 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
  • High-net-worth individuals$26.0M60%
  • Individuals$17.0M40%
Individual clients
77reported
HNW clients
13reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
90reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
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
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
F••••••• J•••• P•••••Chartered Financial AnalystLewisville, TxJan 11, 202118 y5
E••••• O• M•••••Lewisville, TxApr 7, 202129 y6
M•••••• D••• T•••••••••Lewisville, TxFeb 15, 202513 y0
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
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • P•••••• F•••••••• J•••• · Managing Member And Ccocontrol
      since 10/2020 · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    Lewisville, Tx300
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • RAUM down 50 %Change between filings · filing Mar 26, 2026
      RAUM (Item 5.F) moved from $107,839,000 to $43,000,000 (-60.0%) between the annual amendments of 2025-03-28 and 2026-03-26; the peer median change was +8.0% (220 comparable advisers, 6.0th percentile of changes)
      peers: independent wealth managers, under $100M (220) · 5.9% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 179 to 90
      Mar 28, 2025 to Mar 26, 2026
    • Advisory employees · 1 to 3
      Mar 28, 2025 to Mar 26, 2026
    • HNW clients · 15 to 13
      Mar 28, 2025 to Mar 26, 2026
    • Individual clients · 72 to 77
      Mar 28, 2025 to Mar 26, 2026
    • Employees · 1 to 3
      Mar 28, 2025 to Mar 26, 2026
    • State-registered IARs · 1 to 3
      Mar 28, 2025 to Mar 26, 2026
    • Discretionary RAUM · $108M to $43.0M
      Mar 28, 2025 to Mar 26, 2026
    • HNW RAUM · $94.8M to $26.0M
      Mar 28, 2025 to Mar 26, 2026
    • Individual RAUM · $13.0M to $17.0M
      Mar 28, 2025 to Mar 26, 2026
    • RAUM · $108M to $43.0M
      Mar 28, 2025 to Mar 26, 2026
    • Accounts · 194 to 179
      Sep 25, 2024 to Mar 28, 2025
    • HNW clients · 16 to 15
      Sep 25, 2024 to Mar 28, 2025
    • Individual clients · 70 to 72
      Sep 25, 2024 to Mar 28, 2025
    • Pension plan clients · 4.0 to unset
      Sep 25, 2024 to Mar 28, 2025
    • Financial planning clients · 0 to 0
      Sep 25, 2024 to Mar 28, 2025
    • HQ city · unset to
      Sep 25, 2024 to Mar 28, 2025
    • HQ state · unset to
      Sep 25, 2024 to Mar 28, 2025
    • Discretionary RAUM · $112M to $108M
      Sep 25, 2024 to Mar 28, 2025
    • HNW RAUM · $99.9M to $94.8M
      Sep 25, 2024 to Mar 28, 2025
    • Individual RAUM · $12.6M to $13.0M
      Sep 25, 2024 to Mar 28, 2025
    • Non-discretionary RAUM · $1.5M to $0
      Sep 25, 2024 to Mar 28, 2025
    • Pension RAUM · 1546398.0 to unset
      Sep 25, 2024 to Mar 28, 2025
    • RAUM · $114M to $108M
      Sep 25, 2024 to Mar 28, 2025
    • HQ city · LEWISVILLE to unset
      Sep 5, 2024 to Sep 24, 2024
    • HQ state · TX to unset
      Sep 5, 2024 to Sep 24, 2024
    Signals
    1 dated events
    • D••••••••• A••••••• filed its initial SEC registration (Form ADV)
      Aug 23, 2024 · 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
    Website
    directional-advisors.comreportedpublic record, Form ADV, Sep 19, 2026
    Principal office phone
    214-714-5520reportedpublic record, Form ADV, Mar 26, 2026
    Contact form
    directional-advisors.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
    Team page
    directional-advisors.com/our-teamreportedpublished by the firm, firm site, Sep 16, 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
    $14.3Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026