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•••••••• C•••••• A•••••••• L••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 314664SEC 801-125012IAPD
Latest filing May 20, 2026
First filing on the tape Apr 13, 2022 · 9 filings
SEC status approved since May 13, 2022
RAUM
$288M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
10
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$288M as of May 20, 2026
Mar 31, 2023$265M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of May 20, 2026
Mar 31, 20230 then
Employees (5.A)10 as of May 20, 2026
Mar 31, 20236 then
Private funds3 as of May 20, 2026
Mar 31, 20233 then
RAUM -3.1% over the last fiscal year+2.9% a year over threeIARs 0 to 0
Practice profile
derived from the filing of May 20, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$96.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-3.1%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$288M, 3 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
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$288M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$288M for 3 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••• R•••••• H••••• · Co-Chief Executive Officercontrol
        since 04/2022 · owns less than 5%
      • C•••••••• A•••••• N•••••• · Chief Financial Officer, Chief Compliance Officer & Secretarycontrol
        since 04/2022 · owns less than 5%
      • W•••• C••••••• C•••• · Co-Chief Executive Officercontrol
        since 04/2022 · owns less than 5%
      Entity owners
      • P•• H•••••••• I••• · Member
        direct · owns 75% or more
      • P••• I••• · Member
        indirect · owns 75% or more of P•• H•••••••• I••• · public reporting company
      Related persons
      Schedule D 7.A
      • A•• H••• C•••••• I• G•• L••
        pooled vehicle sponsorn
      • B•••••••• C•••••• P•••••••
        investment advisernRAUM $4.2B
      • B•••••••• C•••••• C•••••• I• S•• R•••
        pooled vehicle sponsorn
      • B•••••••• C•••••• C•••••• I•• L••
        pooled vehicle sponsorn
      • B•••••••• C•••••• C••••••• L•••
        pooled vehicle sponsorn
      • C•• E•••••••• F••• I• C••••••••• G•• L••
        pooled vehicle sponsorn
      • E••••••• C•••••• P•••••••• L••
        investment advisernRAUM $786M
      • F••• P••••• A••••••• I••• L•
        pooled vehicle sponsorn
      • F••• P••••• A••••••• I•• L•
        pooled vehicle sponsorn
      • F••• P••••• C•••••• L••
        investment advisernRAUM $1.4B
      • F••• P••••• E••••• A••••••• I•• L••
        pooled vehicle sponsorn
      • F••• P••••• M••••••••• I••• L••
        pooled vehicle sponsorn
      • F••• P••••• M••••••••• I•• L••
        pooled vehicle sponsorn
      • F••• P••••• M•••••••• A••••••• I••• L••
        pooled vehicle sponsorn
      • F•••••• E••••• A•••••••• L••
        pooled vehicle sponsorn
      • F• C••••• S••• G• I•• L••
        pooled vehicle sponsorn
      • H••• C•••••• A•••••••• L••
        investment advisern
      • H••• C•••••• I•• G•• L••
        pooled vehicle sponsorn
      • H••• C•••••• I• G•• L••
        pooled vehicle sponsorn
      • P•• A••••••• B••••• C••••••••• F••• I• G•• S•• R•••
        pooled vehicle sponsorn
      • P••••••• A•••••••• L••
        pooled vehicle sponsorn
      • R•• A••••••• 2• L••
        investment advisernRAUM $18B
      • R•• A••••••• 3• L••
        investment advisern
      • R•• A••••••• S•• I••• L••
        pooled vehicle sponsorn
      • R•• A••••••• X•• ••• G•• S•••••••
        pooled vehicle sponsorn
      • R•• A••••••• X••• L••
        pooled vehicle sponsorn
      • R•• A••••••• X••• ••• G•• S•• R•••
        pooled vehicle sponsorn
      • R•• A••••••• X•••• L••
        pooled vehicle sponsorn
      • R•• A•••••••• L••
        investment advisernRAUM $21.0M
      • R•• E•••••• G•• L••
        pooled vehicle sponsorn
      Advisers that list R•••••••• C•••••• A•••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • large related person networkStatic outlier · filing May 20, 2026
        related persons on Schedule D 7.A of 72.0 against a peer median of 5.0 (488 comparable advisers, 100.0th percentile, 22.6 robust deviations)
        peers: asset managers, $100M to $500M (488) · 100% percentile
      What changed
      consecutive filings, newest first
      • Business name · P•• A•••••••• L•• to R•••••••• C•••••• A•••••••• L••
        Jul 22, 2025 to Mar 27, 2026
      • Assets in custody · $298M to $288M
        Jul 22, 2025 to Mar 27, 2026
      • Legal name · P•• A•••••••• L•• to R•••••••• C•••••• A•••••••• L••
        Jul 22, 2025 to Mar 27, 2026
      • Discretionary RAUM · $298M to $288M
        Jul 22, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $298M to $288M
        Jul 22, 2025 to Mar 27, 2026
      • RAUM · $298M to $288M
        Jul 22, 2025 to Mar 27, 2026
      • Financial planning clients · 0 to 0
        May 16, 2025 to Jul 22, 2025
      • Advisory employees · 3 to 1
        Mar 29, 2024 to Mar 25, 2025
      • Assets in custody · $265M to $298M
        Mar 29, 2024 to Mar 25, 2025
      • Employees · 6 to 10
        Mar 29, 2024 to Mar 25, 2025
      • Discretionary RAUM · $270M to $298M
        Mar 29, 2024 to Mar 25, 2025
      • Pooled vehicle RAUM · $270M to $298M
        Mar 29, 2024 to Mar 25, 2025
      • RAUM · $270M to $298M
        Mar 29, 2024 to Mar 25, 2025
      • Discretionary RAUM · $265M to $270M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $265M to $270M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $265M to $270M
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $230M to $265M
        Sep 9, 2022 to Mar 31, 2023
      • Discretionary RAUM · $230M to $265M
        Sep 9, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $230M to $265M
        Sep 9, 2022 to Mar 31, 2023
      • RAUM · $230M to $265M
        Sep 9, 2022 to Mar 31, 2023
      • Accounts · 0 to 3
        Apr 13, 2022 to Sep 9, 2022
      • Advisory employees · 6 to 3
        Apr 13, 2022 to Sep 9, 2022
      • Pooled vehicle clients · unset to 3.0
        Apr 13, 2022 to Sep 9, 2022
      • Assets in custody · unset to 230219000.0
        Apr 13, 2022 to Sep 9, 2022
      • Custody of client assets · false to true
        Apr 13, 2022 to Sep 9, 2022
      • Financial planning clients · unset to 0
        Apr 13, 2022 to Sep 9, 2022
      • Private funds · unset to 3
        Apr 13, 2022 to Sep 9, 2022
      • Discretionary RAUM · $0 to $230M
        Apr 13, 2022 to Sep 9, 2022
      • Pooled vehicle RAUM · unset to 230219000.0
        Apr 13, 2022 to Sep 9, 2022
      • RAUM · $0 to $230M
        Apr 13, 2022 to Sep 9, 2022
      Signals
      1 dated events
      • P•• A•••••••• L•• filed its initial SEC registration (Form ADV)
        Apr 13, 2022 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Principal office phone
      214-999-6063reportedpublic record, Form ADV, May 20, 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
      Asset manager (funds and pooled vehicles)deriveda 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