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

B• R•••• W••••• P•••••• S•••••

Asset manager (funds and pooled vehicles)Memphis, TennesseeCRD 315851SEC 801-122228IAPD
Legal name B• R•••• W••••• P•••••• S•••••• L••
Latest filing Mar 31, 2026
First filing on the tape Aug 3, 2021 · 14 filings
SEC status approved since Sep 2, 2021
RAUM
$47.6M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$15.9M
derived; firm RAUM over IAPD count
Employees
8
3 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
8
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$47.6M as of Mar 31, 2026
Apr 1, 2022$713M then
HNW client RAUM: no history
State-registered IARs (5.B.3)4 as of Mar 31, 2026
Apr 1, 20227 then
Employees (5.A)8 as of Mar 31, 2026
Apr 1, 202216 then
Private funds8 as of Mar 31, 2026
Apr 1, 202215 then
RAUM +17% over the last fiscal year+15% a year over threeIARs 6 to 4
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$15.9MderivedRAUM 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
$6.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.7derivedItem 5.A over advisors
Advisors per office
0.8derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
-33%derivedItem 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
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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$47.6M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=7.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
T••••• J••• K•••••••Los Angeles, CaNov 21, 202529 y4
Advisor movement
0 left, 1 joined in 12 months
Private funds
10 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
  • H•••••••• C••••••• P•••• · Managing Membercontrol
    since 07/2021 · owns less than 5%
  • M•••••••• M•••••• · General Counselcontrol
    since 10/2021 · owns less than 5%
  • M•••••• M••••••• A•••••• · Managing Membercontrol
    since 07/2021 · owns less than 5%
  • Z•••••• P•••••• R•••••• · Managing Membercontrol
    since 02/2022 · owns less than 5%
  • A••••••• M•••••• A•••••• · Chief Compliance Officer
    since 08/2022 · owns less than 5%
Entity owners
  • B• R•••• W••••• M••••••••• H•••••••• I••• · Parent Company
    direct · owns 75% or more
  • B• R•••• F••••••••• I••• · Parent
    indirect · owns 75% or more of B• F•••••••• H•••••••• L•• · public reporting company
  • B• F•••••••• H•••••••• L•• · Parent
    indirect · owns 75% or more of B• R•••• W••••• M••••••••• H•••••••• I•••
Related persons
Schedule D 7.A
Advisers that list B• R•••• W••••• P•••••• S••••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Los Angeles, Ca110
Dallas, Tx000
Offices
Schedule D 1.F, the 25 largest
  • Los Angeles, CA1 employees
  • New York, NY1 employees
  • Red Bank, NJ1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • advisor count dropChange between filings · filing Mar 31, 2026
    advisory representatives (Item 5.B.3) moved from 6.0 to 4.0 (-33.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was 0.0% (4 comparable advisers, 0.0th percentile of changes)
    peers: asset managers, under $100M (4) · 0.0% percentile
Data quality: RAUM $30,996,770 then $297,369,877 then $40,844,826 on consecutive annual amendments (2024-03-29, 2025-03-31); the middle value is likely a filing error
What changed
consecutive filings, newest first
  • Accounts · 9 to 8
    Jun 2, 2025 to Mar 31, 2026
  • Advisory employees · 4 to 3
    Jun 2, 2025 to Mar 31, 2026
  • BD registered reps · 11 to 7
    Jun 2, 2025 to Mar 31, 2026
  • Pooled vehicle clients · 9 to 8
    Jun 2, 2025 to Mar 31, 2026
  • Employees · 12 to 8
    Jun 2, 2025 to Mar 31, 2026
  • Insurance-licensed employees · 6 to 4
    Jun 2, 2025 to Mar 31, 2026
  • State-registered IARs · 6 to 4
    Jun 2, 2025 to Mar 31, 2026
  • Private funds · 9 to 8
    Jun 2, 2025 to Mar 31, 2026
  • Discretionary RAUM · $41.4M to $47.6M
    Jun 2, 2025 to Mar 31, 2026
  • Pooled vehicle RAUM · $41.4M to $47.6M
    Jun 2, 2025 to Mar 31, 2026
  • RAUM · $41.4M to $47.6M
    Jun 2, 2025 to Mar 31, 2026
  • Financial planning clients · 0 to 0
    May 19, 2025 to Jun 2, 2025
  • Discretionary RAUM · $40.8M to $41.4M
    Mar 31, 2025 to May 19, 2025
  • Pooled vehicle RAUM · $40.8M to $41.4M
    Mar 31, 2025 to May 19, 2025
  • RAUM · $40.8M to $41.4M
    Mar 31, 2025 to May 19, 2025
  • Advisory employees · 5 to 4
    May 15, 2024 to Mar 31, 2025
  • BD registered reps · 12 to 11
    May 15, 2024 to Mar 31, 2025
  • Employees · 13 to 12
    May 15, 2024 to Mar 31, 2025
  • Insurance-licensed employees · 7 to 6
    May 15, 2024 to Mar 31, 2025
  • State-registered IARs · 7 to 6
    May 15, 2024 to Mar 31, 2025
  • Discretionary RAUM · $297M to $40.8M
    May 15, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · $297M to $40.8M
    May 15, 2024 to Mar 31, 2025
  • RAUM · $297M to $40.8M
    May 15, 2024 to Mar 31, 2025
  • Accounts · 6 to 9
    Mar 31, 2023 to Mar 29, 2024
  • Advisory employees · 3 to 5
    Mar 31, 2023 to Mar 29, 2024
  • BD registered reps · 17 to 12
    Mar 31, 2023 to Mar 29, 2024
  • Pooled vehicle clients · 6 to 9
    Mar 31, 2023 to Mar 29, 2024
  • Employees · 17 to 13
    Mar 31, 2023 to Mar 29, 2024
  • Insurance-licensed employees · 10 to 7
    Mar 31, 2023 to Mar 29, 2024
  • State-registered IARs · 10 to 7
    Mar 31, 2023 to Mar 29, 2024
  • Other offices · 2 to 3
    Mar 31, 2023 to Mar 29, 2024
  • Private funds · 6 to 9
    Mar 31, 2023 to Mar 29, 2024
  • Discretionary RAUM · $31.0M to $297M
    Mar 31, 2023 to Mar 29, 2024
  • Pooled vehicle RAUM · $31.0M to $297M
    Mar 31, 2023 to Mar 29, 2024
  • RAUM · $31.0M to $297M
    Mar 31, 2023 to Mar 29, 2024
  • Accounts · 15 to 6
    Mar 7, 2023 to Mar 31, 2023
  • Advisory employees · 9 to 3
    Mar 7, 2023 to Mar 31, 2023
  • BD registered reps · 16 to 17
    Mar 7, 2023 to Mar 31, 2023
  • Pooled vehicle clients · 15 to 6
    Mar 7, 2023 to Mar 31, 2023
  • Employees · 16 to 17
    Mar 7, 2023 to Mar 31, 2023
Signals
11 dated events
  • C•••••• P•••• H••••••• left B• R•••• W••••• P•••••• S••••• for C•••••• C•••••• A•••••••• L•• (registered 2025-05-05)
    Apr 16, 2025 · Advisor changed firm · fact
  • B• R•••• W••••• P•••••• S••••• reported RAUM $40.8M, down 86% from $297.4M (2024-05-15 to 2025-03-31)
    Mar 31, 2025 · RAUM change · derived
  • T••••• D•••• K•••••••• left B• R•••• W••••• P•••••• S••••• for Steadtrust (registered 2025-02-12)
    Jan 17, 2025 · Advisor changed firm · fact
  • B• R•••• W••••• P•••••• S••••• reported RAUM $31.0M, down 96% from $713.1M (2023-03-07 to 2023-03-31)
    Mar 31, 2023 · RAUM change · derived
  • B• R•••• W••••• P•••••• S••••• reported RAUM $713.1M, up 43% from $499.2M (2021-11-02 to 2022-04-01)
    Apr 1, 2022 · RAUM change · derived
  • D•••• T••••• K•••••••• (Managing Member) no longer on Schedule A of B• R•••• W••••• P•••••• S••••• (listed 2021-11-02, absent 2022-04-01)
    Apr 1, 2022 · Control person left · inference
  • Richard Philip Zanone (Managing Member) appeared on Schedule A of B• R•••• W••••• P•••••• S•••••
    Apr 1, 2022 · Control person joined · fact
  • Gerard Harold Chaffee (Chief Compliance Officer) no longer on Schedule A of B• R•••• W••••• P•••••• S••••• (listed 2021-08-04, absent 2021-11-01)
    Nov 1, 2021 · Control person left · inference
  • Charles Glenn Worman (Chief Financial Officer) no longer on Schedule A of B• R•••• W••••• P•••••• S••••• (listed 2021-08-04, absent 2021-11-01)
    Nov 1, 2021 · Control person left · inference
  • Michael Markunas (Chief Compliance Officer) appeared on Schedule A of B• R•••• W••••• P•••••• S•••••
    Nov 1, 2021 · Control person joined · fact
  • B• R•••• W••••• P•••••• S••••• filed its initial SEC registration (Form ADV)
    Aug 3, 2021 · 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
901-251-1330reportedpublic record, Form ADV, Mar 31, 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
$15.9Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026