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•• W••••• A•••••••• L••
Latest filing Mar 27, 2026
First filing on the tape Jan 22, 2021 · 18 filings
SEC status approved since Feb 22, 2021
RAUM
$126M
reported, Item 5.F
Discretionary
74%
of RAUM
Private clients
100%
$126M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$42.2M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$126M as of Mar 27, 2026
Mar 17, 2022$10.6M then
HNW client RAUM$69.6M as of Mar 27, 2026
Mar 17, 2022$6.3M then
State-registered IARs (5.B.3)3 as of Mar 27, 2026
Mar 17, 20224 then
Employees (5.A)5 as of Mar 27, 2026
Mar 17, 20226 then
Private funds: no history
RAUM +6.5% over the last fiscal year+11% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 27, 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
- RAUM per advisor
- $42.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 80derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $225,084derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 74%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +3.4%derived
- Compensation
- percentage of assetsreportedItem 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$69.6M55%
- Individuals$56.9M45%
- Individual clients
- 210reported
- HNW clients
- 31reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 562reported
- Financial planning clients
- reported
- 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
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••• E••••• L•••• | Round Rock, Tx | Feb 15, 2023 | 36 y | 5 |
| C••••••••• K••••••• L•••••••••Certified Financial Planner | Round Rock, Tx | Feb 22, 2023 | 20 y | 5 |
| D•••• B••••• L•••• | Round Rock, Tx | Mar 13, 2023 | 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 headcount2 left over 36 months
Left, latest
- C••••• N•• M••• to S•••••••••Aug 1, 2025 · RIA to a newly registered adviser
- L•••• E••• R•••••• to S•••••••••Sep 22, 2023 · RIA to a newly registered adviser
- C•••• E••••• L••••• to S•••••••• F•••••••• C•••••••• L••Oct 3, 2022 · RIA to RIA
Joined, latest
- D•••• B••••• L•••• from R•• A•••••••Mar 13, 2023 · RIA to RIA
- C••••••••• K••••••• L••••••••• from R•• A•••••••Feb 22, 2023 · RIA to RIA
- J••• E••••• L•••• from R•• A•••••••Feb 15, 2023 · RIA to RIA
- C•••• E••••• L••••• from R•• A•••••••Jun 26, 2022 · RIA to RIA
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from R•• A•••••••Jul 20, 2023 · Round Rock, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- L••••• J•••• E••••• · Managercontrolsince 02/2023 · owns 75% or more
- M•••• C•••••• N•• · Chief Compliance Officercontrolsince 11/2020 · owns less than 5%
Related persons
Schedule D 7.A
- R•• A•••••••investment advisernRAUM $1.8B
- C••••• M•••real estaten
- S•••••••••investment advisernRAUM $928,433
- R•• I•••••••• A•••••• L••real estaten
Advisers that list R•• W••••• A•••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Round Rock, Tx · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Durango, CO1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Mar 27, 2026discretionary share of RAUM moved from 100.0% to 74.0% between the annual amendments of 2025-02-04 and 2026-03-27peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
- Accounts · 550 to 562Jul 28, 2025 to Mar 27, 2026
- HNW clients · 27 to 31Jul 28, 2025 to Mar 27, 2026
- Individual clients · 206 to 210Jul 28, 2025 to Mar 27, 2026
- Discretionary RAUM · $119M to $93.2MJul 28, 2025 to Mar 27, 2026
- HNW RAUM · $61.8M to $69.6MJul 28, 2025 to Mar 27, 2026
- Individual RAUM · $57.0M to $56.9MJul 28, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $0 to $33.3MJul 28, 2025 to Mar 27, 2026
- RAUM · $119M to $126MJul 28, 2025 to Mar 27, 2026
- Financial planning clients · unset to Feb 4, 2025 to Jul 28, 2025
- Related adviser · true to falseFeb 4, 2025 to Jul 28, 2025
- Accounts · 545 to 550Oct 9, 2024 to Feb 4, 2025
- Advisory activities · 3 to 2Oct 9, 2024 to Feb 4, 2025
- HNW clients · 26 to 27Oct 9, 2024 to Feb 4, 2025
- Individual clients · 198 to 206Oct 9, 2024 to Feb 4, 2025
- Financial planning clients · 0 to unsetOct 9, 2024 to Feb 4, 2025
- Discretionary RAUM · $110M to $119MOct 9, 2024 to Feb 4, 2025
- HNW RAUM · $54.9M to $61.8MOct 9, 2024 to Feb 4, 2025
- Individual RAUM · $55.1M to $57.0MOct 9, 2024 to Feb 4, 2025
- Non-discretionary RAUM · $17,299 to $0Oct 9, 2024 to Feb 4, 2025
- RAUM · $110M to $119MOct 9, 2024 to Feb 4, 2025
- Accounts · 539 to 545Sep 22, 2023 to Mar 22, 2024
- HNW clients · 23 to 26Sep 22, 2023 to Mar 22, 2024
- Individual clients · 201 to 198Sep 22, 2023 to Mar 22, 2024
- Discretionary RAUM · $110M to $110MSep 22, 2023 to Mar 22, 2024
- HNW RAUM · $49.8M to $54.9MSep 22, 2023 to Mar 22, 2024
- Individual RAUM · $60.2M to $55.1MSep 22, 2023 to Mar 22, 2024
- Non-discretionary RAUM · $0 to $17,299Sep 22, 2023 to Mar 22, 2024
- RAUM · $110M to $110MSep 22, 2023 to Mar 22, 2024
- Advisory employees · 5 to 3Jul 28, 2023 to Sep 22, 2023
- Employees · 7 to 5Jul 28, 2023 to Sep 22, 2023
- State-registered IARs · 5 to 3Jul 28, 2023 to Sep 22, 2023
- Accounts · 245 to 539Mar 2, 2023 to Jul 28, 2023
- Advisory employees · 6 to 5Mar 2, 2023 to Jul 28, 2023
- Charity clients · 1 to 0Mar 2, 2023 to Jul 28, 2023
- HNW clients · 19 to 23Mar 2, 2023 to Jul 28, 2023
- Individual clients · 86 to 201Mar 2, 2023 to Jul 28, 2023
- Employees · 8 to 7Mar 2, 2023 to Jul 28, 2023
- Insurance-licensed employees · 3 to 1Mar 2, 2023 to Jul 28, 2023
- State-registered IARs · 6 to 5Mar 2, 2023 to Jul 28, 2023
- Other offices · 2 to 1Mar 2, 2023 to Jul 28, 2023
Signals
11 dated events
- C••••• N•• M••• left R•• W••••• A•••••••• L•• for Simplevisor (registered 2024-10-03)Aug 1, 2025 · Advisor changed firm · fact
- L•••• E••• R•••••• left R•• W••••• A•••••••• L•• for Simplevisor (registered 2024-10-15)Sep 22, 2023 · Advisor changed firm · fact
- James Daniel Ratliff no longer registered at R•• W••••• A•••••••• L••; no later IA registration on IAPDSep 22, 2023 · Advisor departure · fact
- Daniel James Ratliff (Manager) no longer on Schedule A of R•• W••••• A•••••••• L•• (listed 2023-03-02, absent 2023-07-28)Jul 28, 2023 · Control person left · inference
- Frank Joseph Marrone no longer registered at R•• W••••• A•••••••• L••; no later IA registration on IAPDJul 28, 2023 · Advisor departure · fact
- Eric Lance Roberts (Manager) no longer on Schedule A of R•• W••••• A•••••••• L•• (listed 2023-03-02, absent 2023-07-28)Jul 28, 2023 · Control person left · inference
- Jonathan Lee Penn no longer registered at R•• W••••• A•••••••• L••; no later IA registration on IAPDJul 25, 2023 · Advisor departure · fact
- 2 advisors left R•• A••••••• (Round Rock, TX) for R•• W••••• A•••••••• L•• within 8 daysJul 20, 2023 · Team lift-out · derived
- Edward John Levee (Manager And Chief Compliance Officer) appeared on Schedule A of R•• W••••• A•••••••• L••Feb 24, 2023 · Control person joined · fact
- C•••• E••••• L••••• left R•• W••••• A•••••••• L•• for S•••••••• F•••••••• C•••••••• L•• (registered 2023-01-06)Oct 3, 2022 · Advisor changed firm · fact
- R•• W••••• A•••••••• L•• filed its initial SEC registration (Form ADV)Jan 22, 2021 · 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
- 512-637-5245reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-218-7993reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-218-7997reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- advancedgroup.bizreportedpublic record, Form ADV, Sep 19, 2026
- Principal office phone
- (512) 218-7993reportedpublic record, Form ADV, Mar 27, 2026
- Contact form
- advancedgroup.biz/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- advancedgroup.biz/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
- $42.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026