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

H•••• • A••••••••• W••••• M••••••••• L••

Independent wealth managerCary, North CarolinaCRD 323171SEC 801-126797websiteIAPD
Latest filing Feb 25, 2026
First filing on the tape Sep 28, 2022 · 11 filings
SEC status approved since Oct 28, 2022
RAUM
$120M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$120M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$59.8M
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
11 filings and snapshots on the tape
RAUM$120M as of Feb 25, 2026
Feb 23, 2023$102M then
HNW client RAUM$76.0M as of Feb 25, 2026
Feb 23, 2023$40.7M then
State-registered IARs (5.B.3)2 as of Feb 25, 2026
Feb 23, 20233 then
Employees (5.A)4 as of Feb 25, 2026
Feb 23, 20236 then
Private funds: no history
RAUM +23% over the last fiscal year+5.4% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Feb 25, 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
$59.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
81derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$209,777derivedRAUM 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
+0.6%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Custody
$75.0M, 114 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)
  • 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$76.0M64%
  • Individuals$43.6M36%
Individual clients
125reported
HNW clients
37reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
570reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$75.0M for 114 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
NameBranchHere sinceIn industryPrior firms
P••• R•••••••Certified Financial PlannerCary, NcNov 16, 202214 y3
C••••• T••••••• H••••Certified Financial PlannerCary, NcDec 16, 202227 y2
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 headcount1 left over 36 months
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • H••••• C•••••• T••••••• · Chief Executive Officer & Chief Compliance Officer & Membercontrol
    since 08/2022 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Cary, Nc · principal200
Southern Pines, Nc000
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 548 to 570
    Oct 27, 2025 to Feb 25, 2026
  • Charity clients · 0.0 to unset
    Oct 27, 2025 to Feb 25, 2026
  • Corporate clients · 0.0 to unset
    Oct 27, 2025 to Feb 25, 2026
  • HNW clients · 33 to 37
    Oct 27, 2025 to Feb 25, 2026
  • Individual clients · 128 to 125
    Oct 27, 2025 to Feb 25, 2026
  • Pension plan clients · 0.0 to unset
    Oct 27, 2025 to Feb 25, 2026
  • Pooled vehicle clients · 0.0 to unset
    Oct 27, 2025 to Feb 25, 2026
  • Assets in custody · $65.2M to $75.0M
    Oct 27, 2025 to Feb 25, 2026
  • Financial planning clients · 101-250 to 1-10
    Oct 27, 2025 to Feb 25, 2026
  • Discretionary RAUM · $97.3M to $120M
    Oct 27, 2025 to Feb 25, 2026
  • HNW RAUM · $54.9M to $76.0M
    Oct 27, 2025 to Feb 25, 2026
  • Individual RAUM · $42.4M to $43.6M
    Oct 27, 2025 to Feb 25, 2026
  • Non-discretionary RAUM · $0 to $6,037
    Oct 27, 2025 to Feb 25, 2026
  • Pension RAUM · 0.0 to unset
    Oct 27, 2025 to Feb 25, 2026
  • Pooled vehicle RAUM · 0.0 to unset
    Oct 27, 2025 to Feb 25, 2026
  • RAUM · $97.3M to $120M
    Oct 27, 2025 to Feb 25, 2026
  • Accounts · 881 to 548
    Nov 22, 2024 to Mar 11, 2025
  • Advisory employees · 3 to 2
    Nov 22, 2024 to Mar 11, 2025
  • Corporate clients · 2 to 0
    Nov 22, 2024 to Mar 11, 2025
  • HNW clients · 43 to 33
    Nov 22, 2024 to Mar 11, 2025
  • Individual clients · 238 to 128
    Nov 22, 2024 to Mar 11, 2025
  • Assets in custody · $78.2M to $65.2M
    Nov 22, 2024 to Mar 11, 2025
  • Employees · 6 to 4
    Nov 22, 2024 to Mar 11, 2025
  • Financial planning clients · 101-250 to 101-250
    Nov 22, 2024 to Mar 11, 2025
  • Discretionary RAUM · $124M to $97.3M
    Nov 22, 2024 to Mar 11, 2025
  • HNW RAUM · $50.4M to $54.9M
    Nov 22, 2024 to Mar 11, 2025
  • Individual RAUM · $73.5M to $42.4M
    Nov 22, 2024 to Mar 11, 2025
  • RAUM · $124M to $97.3M
    Nov 22, 2024 to Mar 11, 2025
  • Advisory employees · 4 to 3
    Jul 29, 2024 to Nov 22, 2024
  • State-registered IARs · 3 to 2
    Jul 29, 2024 to Nov 22, 2024
  • Other offices · 1 to 0
    Jul 29, 2024 to Nov 22, 2024
  • Accounts · 811 to 881
    Sep 13, 2023 to Mar 1, 2024
  • Corporate clients · 0 to 2
    Sep 13, 2023 to Mar 1, 2024
  • HNW clients · 44 to 43
    Sep 13, 2023 to Mar 1, 2024
  • Individual clients · 234 to 238
    Sep 13, 2023 to Mar 1, 2024
  • Assets in custody · $48.6M to $78.2M
    Sep 13, 2023 to Mar 1, 2024
  • Financial planning clients · 1-10 to 101-250
    Sep 13, 2023 to Mar 1, 2024
  • Discretionary RAUM · $102M to $124M
    Sep 13, 2023 to Mar 1, 2024
  • HNW RAUM · $40.7M to $50.4M
    Sep 13, 2023 to Mar 1, 2024
  • Individual RAUM · $61.5M to $73.5M
    Sep 13, 2023 to Mar 1, 2024
Signals
3 dated events
  • N••••• A•••• C••••• left H•••• • A••••••••• W••••• M••••••••• L•• for F•••••• F•••••••• (registered 2024-02-06)
    Apr 18, 2024 · Advisor changed firm · fact
  • 3 advisors left W••••••••• P•••••••• L•• (Cary, NC) for H•••• • A••••••••• W••••• M••••••••• L•• on the same day
    Jan 4, 2023 · Team lift-out · derived
  • H•••• • A••••••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Sep 28, 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
Firm profile
linkedin.com/company/hicks-associatesreportedpublic record, Form ADV, Sep 18, 2026
Website
TheodoreHicks.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
919-851-5512reportedpublic record, Form ADV, Feb 25, 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
$59.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026