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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
N••••••••• L••
Latest filing May 5, 2026
First filing on the tape Nov 15, 2021 · 15 filings
SEC status approved since Dec 15, 2021
RAUM
$26.1M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
78%
$20.4M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$13.1M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$26.1M as of May 5, 2026
Mar 31, 2022$307,150 then
HNW client RAUM: no history
State-registered IARs (5.B.3)2 as of May 5, 2026
Mar 31, 20222 then
Employees (5.A)4 as of May 5, 2026
Mar 31, 20223 then
Private funds: no history
RAUM +23% over the last fiscal year+367% a year over threeIARs 2 to 2
Practice profile
derived from the filing of May 5, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $13.1MderivedRAUM 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
- $4.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourlyreportedItem 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)
- 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
- Individuals$20.4M78%
- Corporations and businesses$5.7M22%
- Individual clients
- 4reported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 6reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.78 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| M•••••• H••••• H••••• | Dallas, Tx | Feb 8, 2022 | 19 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 headcount0 left over 36 months
Left, latest
- E••••• L•• S•••• to N•••••• C•••••• M••••••••• I•••Feb 1, 2023 · RIA to RIA
Joined, latest
- E••••• L•• S•••• from P•••••••• S••••••••• I•••Nov 3, 2022 · Affiliated broker-dealer or bank to independent RIA
- M•••••• H••••• H••••• from N•••••• W••••• A•••••••Feb 8, 2022 · RIA to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- H••••• B•••••••• B••••• · Presidentcontrolsince 01/2023 · owns less than 5%
- D••••••• N••••• M•••• · Trusteecontrolsince 10/2015 · owns F of T•• D•••••• I••••••••• T••••
- V•••••••• S••••••••• L••• · Chief Compliance Officer And Secretarysince 01/2023 · owns less than 5%
Entity owners
- N••••••••• H•••••••• I••• · Sole Memberdirect · owns 75% or more
- T•• D•••••• I••••••••• T•••• · Sole Shareholderindirect · owns 75% or more of N••••••••• H•••••••• I•••
Related persons
Schedule D 7.A
- F••••• E• • P• O••••••••• G•• L••investment adviserbankpooled vehicle sponsornRAUM $74.1M
- G••••••••• R•• L••real estaten
- N••••••••• A•••• M••••••••• L•••investment advisernRAUM $823M
- N••••••custodiann
- N•••••• W••••• A•••••••broker-dealernRAUM $882,487
- N•••••• T••••• I•••real estaten
- N••••••• A•••• M••••••••• L•••investment adviserbanknRAUM $2.8B
- N••••••• I•••••••• S••••••••• L•••investment advisernRAUM $95.7M
- N••••••• R••• E••••• A••••••• I•• L•••investment advisern
- N••••••• R••• E••••• A••••••• I•• L•••investment advisern
- N••••••• R••• E••••• A••••••• V• L•••investment advisern
- N••••••• R••• E••••• A••••••• V•• L•••investment advisern
- N••••••• R••• E••••• A••••••• V••• L•••investment adviserbankpooled vehicle sponsornRAUM $1.9B
- N••••••• R••• E••••• A••••••• V•••• L•••investment advisern
- N••••••• R••• E••••• A••••••• X• L•••investment advisernRAUM $1.1B
- N••••••• R••• E••••• A••••••• X•• L•••investment advisern
- N••••••• R••• E••••• A••••••• X••• L•••investment advisern
- N••••••• R••• E••••• A•••••••• L•••investment advisernRAUM $976M
- N••••••• S••••••••• I•••broker-dealern
Advisers that list N••••••••• L•• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Dallas, Tx · principal | 2 | 0 | 0 |
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 5, 2026related persons on Schedule D 7.A of 19.0 against a peer median of 4.0 (46 comparable advisers, 100.0th percentile, 10.1 robust deviations)peers: independent wealth managers, under $100M (46) · 100% percentile
What changed
consecutive filings, newest first
- Employees · 3 to 4Nov 25, 2025 to Mar 31, 2026
- Insurance-licensed employees · 0 to 1Nov 25, 2025 to Mar 31, 2026
- Discretionary RAUM · $21.3M to $26.1MNov 25, 2025 to Mar 31, 2026
- Individual RAUM · $20.7M to $20.4MNov 25, 2025 to Mar 31, 2026
- RAUM · $21.3M to $26.1MNov 25, 2025 to Mar 31, 2026
- Financial planning clients · 0 to 0Apr 14, 2025 to Nov 25, 2025
- Accounts · 7 to 6Jun 7, 2024 to Apr 14, 2025
- BD registered reps · 1 to 0Jun 7, 2024 to Apr 14, 2025
- Corporate clients · unset to 2.0Jun 7, 2024 to Apr 14, 2025
- Individual clients · unset to 4.0Jun 7, 2024 to Apr 14, 2025
- Discretionary RAUM · $16.3M to $21.3MJun 7, 2024 to Apr 14, 2025
- Individual RAUM · $16.3M to $20.7MJun 7, 2024 to Apr 14, 2025
- RAUM · $16.3M to $21.3MJun 7, 2024 to Apr 14, 2025
- Accounts · 5 to 7Apr 16, 2024 to Jun 7, 2024
- Corporate clients · 4.0 to unsetApr 16, 2024 to Jun 7, 2024
- Individual clients · 1.0 to unsetApr 16, 2024 to Jun 7, 2024
- Discretionary RAUM · $264,155 to $16.3MApr 16, 2024 to Jun 7, 2024
- Individual RAUM · $260,445 to $16.3MApr 16, 2024 to Jun 7, 2024
- RAUM · $264,155 to $16.3MApr 16, 2024 to Jun 7, 2024
- Discretionary RAUM · $256,857 to $264,155Jul 14, 2023 to Mar 28, 2024
- Individual RAUM · $253,297 to $260,445Jul 14, 2023 to Mar 28, 2024
- RAUM · $256,857 to $264,155Jul 14, 2023 to Mar 28, 2024
- Accounts · 1 to 5Jan 24, 2023 to Mar 30, 2023
- Corporate clients · unset to 4.0Jan 24, 2023 to Mar 30, 2023
- Individual clients · unset to 1.0Jan 24, 2023 to Mar 30, 2023
- Discretionary RAUM · $307,150 to $256,857Jan 24, 2023 to Mar 30, 2023
- Individual RAUM · $307,150 to $253,297Jan 24, 2023 to Mar 30, 2023
- RAUM · $307,150 to $256,857Jan 24, 2023 to Mar 30, 2023
- Accounts · 0 to 1Nov 15, 2021 to Mar 31, 2022
- Discretionary RAUM · $0 to $307,150Nov 15, 2021 to Mar 31, 2022
- Individual RAUM · unset to 307150.0Nov 15, 2021 to Mar 31, 2022
- RAUM · $0 to $307,150Nov 15, 2021 to Mar 31, 2022
Signals
4 dated events
- E••••• L•• S•••• left N••••••••• L•• for N•••••• C•••••• M••••••••• I••• (registered 2023-02-18)Feb 1, 2023 · Advisor changed firm · fact
- David James Dondero (President) no longer on Schedule A of N••••••••• L•• (listed 2022-11-08, absent 2023-01-24)Jan 24, 2023 · Control person left · inference
- Marie Nancy Dondero (Trustee) appeared on Schedule A of N••••••••• L••Jan 24, 2023 · Control person joined · fact
- N••••••••• L•• filed its initial SEC registration (Form ADV)Nov 15, 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
- Principal office phone
- 214-550-8350reportedpublic record, Form ADV, May 5, 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
- $13.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026