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

S•••••••• I••••••••• A•••••••• I•••

Independent wealth managerTucson, ArizonaCRD 312685SEC 801-120406websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Jan 29, 2021 · 12 filings
SEC status approved since Dec 31, 2020
RAUM
$387M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
98%
$380M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$96.7M
derived; firm RAUM over IAPD count
Employees
5
5 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$387M as of Mar 30, 2026
Mar 8, 2022$257M then
HNW client RAUM$216M as of Mar 30, 2026
Mar 8, 2022$129M then
State-registered IARs (5.B.3)4 as of Mar 30, 2026
Mar 8, 20223 then
Employees (5.A)5 as of Mar 30, 2026
Mar 8, 20224 then
Private funds: no history
RAUM +19% over the last fiscal year+18% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Mar 30, 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
$96.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
287derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$992,659derivedHNW RAUM over HNW clients
Average account
$332,977derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
4.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+33%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.2%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
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$216M56%
  • Individuals$163M42%
  • Charitable organizations$4.8M1.3%
  • Corporations and businesses$2.5M0.6%
Individual clients
931reported
HNW clients
218reported
Pension plan clients
0reported
Charitable clients
7reported
Accounts
1,162reported
Financial planning clients
11-25reported
Wrap fee programs
$0 sponsored, $387M managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••••• J••• Z•••Tucson, AzMar 4, 202114 y1
A•••••••• F••••••• K•••••Tucson, AzMar 10, 202117 y2
D•••• W•••••• B••••Certified Financial PlannerTucson, AzMar 12, 202430 y0
D•••••• H••••• R••••••Tucson, AzMar 20, 202412 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 headcount1 left over 36 months
Joined, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • K•••••• A••••••••• F••••••• · Shareholdercontrol
      since 12/2020 · owns 50% to 75%
    • Z•••• R••••••• J••• · President, Ccocontrol
      since 12/2020 · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Tucson, Az · principal400
    Coeur Dalene, Id000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • unusually high clients per advisorStatic outlier · filing Mar 30, 2026
      private clients per advisor of 287.2 against a peer median of 57.3 (3076 comparable advisers, 99.0th percentile, 6.6 robust deviations)
      peers: independent wealth managers, $100M to $500M (3,076) · 99% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 1,156 to 1,162
      Mar 28, 2025 to Mar 30, 2026
    • Advisory employees · 4 to 5
      Mar 28, 2025 to Mar 30, 2026
    • BD registered reps · 3 to 5
      Mar 28, 2025 to Mar 30, 2026
    • Charity clients · 3 to 7
      Mar 28, 2025 to Mar 30, 2026
    • Corporate clients · 4 to 5
      Mar 28, 2025 to Mar 30, 2026
    • HNW clients · 193 to 218
      Mar 28, 2025 to Mar 30, 2026
    • Individual clients · 954 to 931
      Mar 28, 2025 to Mar 30, 2026
    • Pension plan clients · 2 to 0
      Mar 28, 2025 to Mar 30, 2026
    • Employees · 4 to 5
      Mar 28, 2025 to Mar 30, 2026
    • Financial planning clients · 1-10 to 11-25
      Mar 28, 2025 to Mar 30, 2026
    • State-registered IARs · 3 to 4
      Mar 28, 2025 to Mar 30, 2026
    • Discretionary RAUM · $326M to $387M
      Mar 28, 2025 to Mar 30, 2026
    • HNW RAUM · $168M to $216M
      Mar 28, 2025 to Mar 30, 2026
    • Individual RAUM · $152M to $163M
      Mar 28, 2025 to Mar 30, 2026
    • Pension RAUM · $799,054 to $0
      Mar 28, 2025 to Mar 30, 2026
    • RAUM · $326M to $387M
      Mar 28, 2025 to Mar 30, 2026
    • Wrap assets (manager) · $326M to $387M
      Mar 28, 2025 to Mar 30, 2026
    • Accounts · 1,182 to 1,156
      Oct 9, 2024 to Mar 28, 2025
    • Charity clients · 4 to 3
      Oct 9, 2024 to Mar 28, 2025
    • Corporate clients · 2 to 4
      Oct 9, 2024 to Mar 28, 2025
    • HNW clients · 150 to 193
      Oct 9, 2024 to Mar 28, 2025
    • Individual clients · 1,023 to 954
      Oct 9, 2024 to Mar 28, 2025
    • Pension plan clients · 3 to 2
      Oct 9, 2024 to Mar 28, 2025
    • Financial planning clients · 1-10 to 1-10
      Oct 9, 2024 to Mar 28, 2025
    • Discretionary RAUM · $268M to $326M
      Oct 9, 2024 to Mar 28, 2025
    • HNW RAUM · $122M to $168M
      Oct 9, 2024 to Mar 28, 2025
    • Individual RAUM · $141M to $152M
      Oct 9, 2024 to Mar 28, 2025
    • Pension RAUM · $1.4M to $799,054
      Oct 9, 2024 to Mar 28, 2025
    • RAUM · $268M to $326M
      Oct 9, 2024 to Mar 28, 2025
    • Wrap assets (manager) · $268M to $326M
      Oct 9, 2024 to Mar 28, 2025
    • Other offices · 1 to 0
      Mar 29, 2024 to Oct 9, 2024
    • Accounts · 1,120 to 1,182
      Aug 10, 2023 to Feb 29, 2024
    • Corporate clients · 4 to 2
      Aug 10, 2023 to Feb 29, 2024
    • HNW clients · 237 to 150
      Aug 10, 2023 to Feb 29, 2024
    • Individual clients · 1,504 to 1,023
      Aug 10, 2023 to Feb 29, 2024
    • Financial planning clients · 0 to 1-10
      Aug 10, 2023 to Feb 29, 2024
    • Discretionary RAUM · $224M to $268M
      Aug 10, 2023 to Feb 29, 2024
    • HNW RAUM · $108M to $122M
      Aug 10, 2023 to Feb 29, 2024
    • Individual RAUM · $125M to $141M
      Aug 10, 2023 to Feb 29, 2024
    • Non-discretionary RAUM · $11.5M to $0
      Aug 10, 2023 to Feb 29, 2024
    Signals
    3 dated events
    • J••• R••••• S••••••• left S•••••••• I••••••••• A•••••••• I••• for A••••• W••••• A••••••• (registered 2024-05-06)
      Jun 10, 2024 · Advisor changed firm · fact
    • S•••••••• I••••••••• A•••••••• I••• reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Jan 29, 2021 · Succession (Item 4) · fact
    • S•••••••• I••••••••• A•••••••• I••• filed its initial SEC registration (Form ADV)
      Jan 29, 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
    520-544-2500reportedpublished by the firm, firm site, Sep 15, 2026
    Firm profile
    linkedin.com/company/SIATUCSONreportedpublic record, Form ADV, Sep 18, 2026
    Website
    southwestinvestmentadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    520-544-2500reportedpublic record, Form ADV, Mar 30, 2026
    Contact form
    southwestinvestmentadvisors.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
    Team page
    southwestinvestmentadvisors.com/who-we-arereportedpublished by the firm, firm site, Sep 15, 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
    $96.7Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026