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
C•••••••• F••••••••• L••
Latest filing Jul 2, 2026
First filing on the tape Aug 18, 2022 · 10 filings
SEC status approved since Sep 15, 2022
RAUM
$173M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$171M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$43.2M
derived; firm RAUM over IAPD count
Employees
4
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$173M as of Jul 2, 2026
Mar 3, 2023$104M then
HNW client RAUM$56.4M as of Jul 2, 2026
Mar 3, 2023$36.7M then
State-registered IARs (5.B.3)4 as of Jul 2, 2026
Mar 3, 20232 then
Employees (5.A)4 as of Jul 2, 2026
Mar 3, 20232 then
Private funds: no history
RAUM +20% over the last fiscal year+18% a year over threeIARs 3 to 4
Practice profile
derived from the filing of Jul 2, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $43.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 95derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.5MderivedHNW RAUM over HNW clients
- Average account
- $221,425derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -6.0%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 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
- Individuals$115M66%
- High-net-worth individuals$56.4M33%
- Charitable organizations$1.7M1.0%
- Individual clients
- 341reported
- HNW clients
- 37reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 780reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| L•••• W•••••• D•••••Certified Financial Planner | San Antonio, Tx | Sep 19, 2022 | 20 y | 3 |
| H••••• J•• R•••••••• | San Antonio, Tx | Sep 23, 2022 | 21 y | 3 |
| B••••••• E•••• C•••• | San Antonio, Tx | Oct 9, 2023 | 12 y | 1 |
| L•••• R•• R••••••• | San Antonio, Tx | Jan 16, 2026 | 11 y | 1 |
Advisor movement
0 left, 1 joined in 12 months
net +1 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
- L•••• R•• R••••••• from E•••••••• A•••••••• L••Jan 16, 2026 · Affiliated broker-dealer or bank to independent RIA
- B••••••• E•••• C•••• from E•••••••• A•••••••• L••Oct 9, 2023 · Affiliated broker-dealer or bank to independent RIA
- H••••• J•• R•••••••• from S•••••• P•••••••• L••Sep 23, 2022 · RIA to a newly registered adviser
- L•••• W•••••• D••••• from S•••••• P•••••••• L••Sep 19, 2022 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from S•••••• P•••••••• L••Jan 9, 2023 · San Antoino, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- D•••••• L••••• W•••••• · Chief Financial Offciercontrolsince 04/2013 · owns 50% to 75%
- R••••••••• H•••••• J•• · President & Chief Compliance Officercontrolsince 04/2013 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| San Antonio, Tx · principal | 4 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 3, 2026HNW share of RAUM moved from 62.0% to 33.0% between the annual amendments of 2025-03-10 and 2026-03-03peers: independent wealth managers, $100M to $500M (5,676)
- account count surgeChange between filings · filing Mar 3, 2026accounts (Item 5.F.2.f) moved from 329.0 to 780.0 (+137.0%) between the annual amendments of 2025-03-10 and 2026-03-03; the peer median change was +5.0% (3687 comparable advisers, 99.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 99% percentile
What changed
consecutive filings, newest first
- RAUM · $144M to $173MJan 30, 2026 to Mar 3, 2026
- Accounts · 329 to 780Jan 30, 2026 to Mar 3, 2026
- Charity clients · 2 to 1Jan 30, 2026 to Mar 3, 2026
- HNW clients · 73 to 37Jan 30, 2026 to Mar 3, 2026
- Individual clients · 329 to 341Jan 30, 2026 to Mar 3, 2026
- Discretionary RAUM · $144M to $173MJan 30, 2026 to Mar 3, 2026
- HNW RAUM · $88.9M to $56.4MJan 30, 2026 to Mar 3, 2026
- Individual RAUM · $53.2M to $115MJan 30, 2026 to Mar 3, 2026
- Advisory employees · 3 to 4Mar 10, 2025 to Jan 30, 2026
- Employees · 3 to 4Mar 10, 2025 to Jan 30, 2026
- State-registered IARs · 3 to 4Mar 10, 2025 to Jan 30, 2026
- Accounts · 666 to 329Mar 4, 2024 to Mar 10, 2025
- Charity clients · 1 to 2Mar 4, 2024 to Mar 10, 2025
- HNW clients · 29 to 73Mar 4, 2024 to Mar 10, 2025
- Individual clients · 309 to 329Mar 4, 2024 to Mar 10, 2025
- Financial planning clients · 251-500 to 251-500Mar 4, 2024 to Mar 10, 2025
- Discretionary RAUM · $125M to $144MMar 4, 2024 to Mar 10, 2025
- HNW RAUM · $29.4M to $88.9MMar 4, 2024 to Mar 10, 2025
- Individual RAUM · $94.3M to $53.2MMar 4, 2024 to Mar 10, 2025
- RAUM · $125M to $144MMar 4, 2024 to Mar 10, 2025
- Accounts · 662 to 666Mar 3, 2023 to Mar 4, 2024
- Advisory employees · 2 to 3Mar 3, 2023 to Mar 4, 2024
- HNW clients · 24 to 29Mar 3, 2023 to Mar 4, 2024
- Individual clients · 296 to 309Mar 3, 2023 to Mar 4, 2024
- Employees · 2 to 3Mar 3, 2023 to Mar 4, 2024
- State-registered IARs · 2 to 3Mar 3, 2023 to Mar 4, 2024
- Discretionary RAUM · $104M to $125MMar 3, 2023 to Mar 4, 2024
- HNW RAUM · $36.7M to $29.4MMar 3, 2023 to Mar 4, 2024
- Individual RAUM · $66.3M to $94.3MMar 3, 2023 to Mar 4, 2024
- RAUM · $104M to $125MMar 3, 2023 to Mar 4, 2024
- Financial planning clients · 0 to 251-500Jan 13, 2023 to Mar 3, 2023
- Accounts · 0 to 662Sep 14, 2022 to Jan 13, 2023
- Charity clients · unset to 1.0Sep 14, 2022 to Jan 13, 2023
- HNW clients · unset to 24.0Sep 14, 2022 to Jan 13, 2023
- Individual clients · unset to 296.0Sep 14, 2022 to Jan 13, 2023
- Discretionary RAUM · $0 to $104MSep 14, 2022 to Jan 13, 2023
- HNW RAUM · unset to 36689211.0Sep 14, 2022 to Jan 13, 2023
- Individual RAUM · unset to 66274121.0Sep 14, 2022 to Jan 13, 2023
- RAUM · $0 to $104MSep 14, 2022 to Jan 13, 2023
Signals
2 dated events
- 2 advisors left S•••••• P•••••••• L•• (San Antoino, TX) for C•••••••• F••••••••• L•• on the same dayJan 9, 2023 · Team lift-out · derived
- C•••••••• F••••••••• L•• filed its initial SEC registration (Form ADV)Aug 18, 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
- 210-702-3961reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 210-979-0451reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- c•••••••••.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- (210) 702-3961reportedpublic record, Form ADV, Jul 2, 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
- $43.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026