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.
SEC-registered adviser
Michels Family Financial, LLC
Latest filing Mar 2, 2026
First filing on the tape May 16, 2022 · 9 filings
SEC status approved since Jun 15, 2022
RAUM
$348M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$348M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$174M
derived; firm RAUM over IAPD count
Employees
8
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$348M as of Mar 2, 2026
Feb 23, 2023$139M then
HNW client RAUM$184M as of Mar 2, 2026
Feb 23, 2023$89.5M then
State-registered IARs (5.B.3)2 as of Mar 2, 2026
Feb 23, 20231 then
Employees (5.A)8 as of Mar 2, 2026
Feb 23, 20234 then
Private funds: no history
RAUM +15% over the last fiscal year+36% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 2, 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
- $174MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 205derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.7MderivedHNW RAUM over HNW clients
- Average account
- $250,079derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +11%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, pension consulting, otherreportedItem 5.G
- Custody
- $192,613, 100 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$184M53%
- Individuals$164M47%
- Individual clients
- 343reported
- HNW clients
- 67reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 1,391reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $192,613 for 100 clientsreported
- Compensation
- % of AUM, fixedreported
- 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
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Nicholas Eugene Michels | Fort Worth, Tx | Jun 16, 2022 | 14 y | 1 |
| Daniel Hall PhillipsCertified Financial Planner | Fort Worth, Tx | Mar 20, 2023 | 38 y | 2 |
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
none on the tape
Joined, latest
- Daniel Hall Phillips from Prospera Financial Services, Inc.Mar 20, 2023 · RIA to RIA
- Nicholas Eugene Michels from Edward JonesJun 16, 2022 · Affiliated broker-dealer or bank to a newly registered adviser
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Eugene Nicholas Michels · Managing Member, Chief Compliance Officercontrolsince 03/2022 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Fort Worth, Tx · principal | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Granbury, TX1 employees
What changed
consecutive filings, newest first
- Accounts · 1,267 to 1,391Mar 19, 2025 to Mar 2, 2026
- HNW clients · 72 to 67Mar 19, 2025 to Mar 2, 2026
- Individual clients · 298 to 343Mar 19, 2025 to Mar 2, 2026
- Assets in custody · $59.2M to $192,613Mar 19, 2025 to Mar 2, 2026
- Financial planning clients · 251-500 to 0Mar 19, 2025 to Mar 2, 2026
- Discretionary RAUM · $304M to $348MMar 19, 2025 to Mar 2, 2026
- HNW RAUM · $179M to $184MMar 19, 2025 to Mar 2, 2026
- Individual RAUM · $125M to $164MMar 19, 2025 to Mar 2, 2026
- RAUM · $304M to $348MMar 19, 2025 to Mar 2, 2026
- Accounts · 1,116 to 1,267Feb 23, 2024 to Mar 19, 2025
- HNW clients · 71 to 72Feb 23, 2024 to Mar 19, 2025
- Individual clients · 243 to 298Feb 23, 2024 to Mar 19, 2025
- Assets in custody · $89.1M to $59.2MFeb 23, 2024 to Mar 19, 2025
- Employees · 5 to 8Feb 23, 2024 to Mar 19, 2025
- Financial planning clients · 251-500 to 251-500Feb 23, 2024 to Mar 19, 2025
- Discretionary RAUM · $243M to $304MFeb 23, 2024 to Mar 19, 2025
- HNW RAUM · $159M to $179MFeb 23, 2024 to Mar 19, 2025
- Individual RAUM · $83.3M to $125MFeb 23, 2024 to Mar 19, 2025
- RAUM · $243M to $304MFeb 23, 2024 to Mar 19, 2025
- Accounts · 760 to 1,116Apr 19, 2023 to Feb 23, 2024
- HNW clients · 65 to 71Apr 19, 2023 to Feb 23, 2024
- Individual clients · 295 to 243Apr 19, 2023 to Feb 23, 2024
- Employees · 4 to 5Apr 19, 2023 to Feb 23, 2024
- Discretionary RAUM · $139M to $243MApr 19, 2023 to Feb 23, 2024
- HNW RAUM · $89.5M to $159MApr 19, 2023 to Feb 23, 2024
- Individual RAUM · $49.3M to $83.3MApr 19, 2023 to Feb 23, 2024
- RAUM · $139M to $243MApr 19, 2023 to Feb 23, 2024
- Advisory employees · 1 to 2Feb 23, 2023 to Apr 19, 2023
- State-registered IARs · 1 to 2Feb 23, 2023 to Apr 19, 2023
- Other offices · 0 to 1Feb 23, 2023 to Apr 19, 2023
- Accounts · 712 to 760Oct 13, 2022 to Feb 23, 2023
- HNW clients · 50 to 65Oct 13, 2022 to Feb 23, 2023
- Individual clients · 218 to 295Oct 13, 2022 to Feb 23, 2023
- Assets in custody · $23.9M to $89.1MOct 13, 2022 to Feb 23, 2023
- Financial planning clients · 0 to 251-500Oct 13, 2022 to Feb 23, 2023
- Discretionary RAUM · $118M to $139MOct 13, 2022 to Feb 23, 2023
- HNW RAUM · $71.3M to $89.5MOct 13, 2022 to Feb 23, 2023
- Individual RAUM · $47.0M to $49.3MOct 13, 2022 to Feb 23, 2023
- RAUM · $118M to $139MOct 13, 2022 to Feb 23, 2023
- Accounts · 0 to 712Jun 28, 2022 to Oct 13, 2022
Signals
2 dated events
- Michels Family Financial, Llc reported RAUM $242.6M, up 75% from $138.8M (2023-04-19 to 2024-02-23)Feb 23, 2024 · RAUM change · derived
- Michels Family Financial, Llc filed its initial SEC registration (Form ADV)May 16, 2022 · 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
- 817-719-9999reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 817-910-8055reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/michelsfamilyfinancial/posts/?feedView=reportedpublic record, Form ADV, Sep 18, 2026
- Website
- michelsfamilyfinancial.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 817-719-9999reportedpublic record, Form ADV, Mar 2, 2026
- Contact form
- michelsfamilyfinancial.com/contactreportedpublished by the firm, firm site, Sep 17, 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
- $174Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026