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
Wealth Benefit Advisors, LLC
Latest filing Apr 7, 2026
First filing on the tape Mar 15, 2022 · 14 filings
SEC status approved since Apr 14, 2022
RAUM
$381M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
73%
$277M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$190M
derived; firm RAUM over IAPD count
Employees
5
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$381M as of Apr 7, 2026
Feb 8, 2023$191M then
HNW client RAUM$246M as of Apr 7, 2026
Feb 8, 2023$148M then
State-registered IARs (5.B.3)2 as of Apr 7, 2026
Feb 8, 20232 then
Employees (5.A)5 as of Apr 7, 2026
Feb 8, 20235 then
Private funds: no history
RAUM +24% over the last fiscal year+26% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Apr 7, 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
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $190MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 75derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.0MderivedHNW RAUM over HNW clients
- Average account
- $782,075derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 88%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +24%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +21%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, pension consultingreportedItem 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$246M69%
- Corporations and businesses$81.3M23%
- Individuals$30.7M8.6%
- Charitable organizations$676,3130.2%
- Individual clients
- 88reported
- HNW clients
- 62reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 487reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.73 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=2.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Frank Idrees | Houston, Tx | Jun 30, 2022 | 35 y | 4 |
| Careena Patel | Houston, Tx | Mar 10, 2026 | 16 y | 8 |
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
- Careena Patel from Kingswood Wealth Advisors, LLCSep 20, 2024 · Affiliated broker-dealer or bank to independent RIA
- Frank Idrees from Grove Point Advisors, LLCJun 30, 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
- Luana Dianne Herreira · Chief Compliance Officercontrolsince 06/2023 · owns less than 5%
- Frank Idrees · Managing Principalcontrolsince 04/2022 · 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 |
|---|---|---|---|---|---|
| Houston, Tx · principal | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 461 to 487Mar 19, 2025 to Mar 6, 2026
- Charity clients · 1.0 to unsetMar 19, 2025 to Mar 6, 2026
- Corporate clients · 26 to 18Mar 19, 2025 to Mar 6, 2026
- HNW clients · 43 to 62Mar 19, 2025 to Mar 6, 2026
- Individual clients · 81 to 88Mar 19, 2025 to Mar 6, 2026
- Pension plan clients · 1.0 to unsetMar 19, 2025 to Mar 6, 2026
- Employees · 4 to 5Mar 19, 2025 to Mar 6, 2026
- Discretionary RAUM · $270M to $334MMar 19, 2025 to Mar 6, 2026
- HNW RAUM · $191M to $246MMar 19, 2025 to Mar 6, 2026
- Individual RAUM · $27.7M to $30.7MMar 19, 2025 to Mar 6, 2026
- Non-discretionary RAUM · $37.0M to $46.4MMar 19, 2025 to Mar 6, 2026
- Pension RAUM · 655227.0 to unsetMar 19, 2025 to Mar 6, 2026
- RAUM · $307M to $381MMar 19, 2025 to Mar 6, 2026
- Accounts · 432 to 461Sep 23, 2024 to Mar 19, 2025
- Charity clients · unset to 1.0Sep 23, 2024 to Mar 19, 2025
- Corporate clients · 15 to 26Sep 23, 2024 to Mar 19, 2025
- Individual clients · 89 to 81Sep 23, 2024 to Mar 19, 2025
- Pension plan clients · 2 to 1Sep 23, 2024 to Mar 19, 2025
- Financial planning clients · unset to Sep 23, 2024 to Mar 19, 2025
- Discretionary RAUM · $236M to $270MSep 23, 2024 to Mar 19, 2025
- HNW RAUM · $139M to $191MSep 23, 2024 to Mar 19, 2025
- Individual RAUM · $33.3M to $27.7MSep 23, 2024 to Mar 19, 2025
- Non-discretionary RAUM · $25.9M to $37.0MSep 23, 2024 to Mar 19, 2025
- Pension RAUM · $1.8M to $655,227Sep 23, 2024 to Mar 19, 2025
- RAUM · $262M to $307MSep 23, 2024 to Mar 19, 2025
- Accounts · 147 to 432Aug 10, 2023 to Mar 5, 2024
- Corporate clients · 12 to 15Aug 10, 2023 to Mar 5, 2024
- HNW clients · 40 to 43Aug 10, 2023 to Mar 5, 2024
- Individual clients · 97 to 89Aug 10, 2023 to Mar 5, 2024
- Pension plan clients · unset to 2.0Aug 10, 2023 to Mar 5, 2024
- Employees · 5 to 4Aug 10, 2023 to Mar 5, 2024
- Discretionary RAUM · $176M to $236MAug 10, 2023 to Mar 5, 2024
- HNW RAUM · $148M to $139MAug 10, 2023 to Mar 5, 2024
- Individual RAUM · $36.3M to $33.3MAug 10, 2023 to Mar 5, 2024
- Non-discretionary RAUM · $14.8M to $25.9MAug 10, 2023 to Mar 5, 2024
- Pension RAUM · unset to 1817371.0Aug 10, 2023 to Mar 5, 2024
- RAUM · $191M to $262MAug 10, 2023 to Mar 5, 2024
- Accounts · 294 to 147Jan 5, 2023 to Feb 8, 2023
- Corporate clients · 9 to 12Jan 5, 2023 to Feb 8, 2023
- HNW clients · 29 to 40Jan 5, 2023 to Feb 8, 2023
Signals
2 dated events
- Luana Dianne Herreira (Chief Compliance Officer) appeared on Schedule A of Wealth Benefit Advisors, LlcAug 10, 2023 · Control person joined · fact
- Wealth Benefit Advisors, Llc filed its initial SEC registration (Form ADV)Mar 15, 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 email
- vip@wealthbenefit.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 713-980-9100reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- WEALTHBENEFIT.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 713-980-9100reportedpublic record, Form ADV, Apr 7, 2026
- Team page
- WEALTHBENEFIT.COM/teamreportedpublished by the firm, firm site, Sep 16, 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
- $190Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026