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

A•• L••••• P•••••••• L••

Independent wealth managerHickory, North CarolinaCRD 325604SEC 801-127615websiteIAPD
Latest filing Mar 5, 2026
First filing on the tape Mar 8, 2023 · 8 filings
SEC status approved since Apr 7, 2023
RAUM
$671M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
66%
$443M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$335M
derived; firm RAUM over IAPD count
Employees
3
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$671M as of Mar 5, 2026
Mar 26, 2024$546M then
HNW client RAUM$442M as of Mar 5, 2026
Mar 26, 2024$339M then
State-registered IARs (5.B.3)1 as of Mar 5, 2026
Mar 26, 20241 then
Employees (5.A)3 as of Mar 5, 2026
Mar 26, 20244 then
Private funds: no history
RAUM +9.0% over the last fiscal yearIARs 1 to 1offices 0 to 1
Practice profile
derived from the filing of Mar 5, 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
  • UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
RAUM per advisor
$335MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
12derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$24.5MderivedHNW RAUM over HNW clients
Average account
$11.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
7.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
1.0derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+9.0%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.3%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, 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
  • High-net-worth individuals$442M66%
  • Corporations and businesses$181M27%
  • Charitable organizations$47.7M7.1%
  • Individuals$1.0M0.2%
Individual clients
6reported
HNW clients
18reported
Pension plan clients
n/areported
Charitable clients
4reported
Accounts
60reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.66 fund_share=0.0 institutional_share=0.07 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
A••••• B• S••••••Chartered Financial AnalystHickory, NcApr 7, 202333 y1
N••• K• H•••••Hickory, NcJun 17, 202612 y0
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
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • S••••••• A•••••• B• · Owner, Manager, Managing Member, Chief Investment Officer, & Chief Compliance Officercontrol
      since 04/2023 · 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
    Hickory, Nc · principal210
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • unusually large average accountStatic outlier · filing Mar 5, 2026
      RAUM per account of $11,179,892 against a peer median of $610,947 (1443 comparable advisers, 100.0th percentile, 7.1 robust deviations)
      peers: independent wealth managers, $500M to $1B (1,443) · 100% percentile
    What changed
    consecutive filings, newest first
    • Accounts · 58 to 60
      Mar 17, 2025 to Mar 5, 2026
    • Individual clients · 5 to 6
      Mar 17, 2025 to Mar 5, 2026
    • Other offices · 0 to 1
      Mar 17, 2025 to Mar 5, 2026
    • Discretionary RAUM · $616M to $671M
      Mar 17, 2025 to Mar 5, 2026
    • HNW RAUM · $392M to $442M
      Mar 17, 2025 to Mar 5, 2026
    • Individual RAUM · $258,513 to $1.0M
      Mar 17, 2025 to Mar 5, 2026
    • RAUM · $616M to $671M
      Mar 17, 2025 to Mar 5, 2026
    • Accounts · 45 to 58
      Mar 26, 2024 to Mar 17, 2025
    • Charity clients · 3 to 4
      Mar 26, 2024 to Mar 17, 2025
    • Corporate clients · 7 to 8
      Mar 26, 2024 to Mar 17, 2025
    • HNW clients · 17 to 18
      Mar 26, 2024 to Mar 17, 2025
    • Employees · 4 to 3
      Mar 26, 2024 to Mar 17, 2025
    • Financial planning clients · 0 to 0
      Mar 26, 2024 to Mar 17, 2025
    • Discretionary RAUM · $546M to $616M
      Mar 26, 2024 to Mar 17, 2025
    • HNW RAUM · $339M to $392M
      Mar 26, 2024 to Mar 17, 2025
    • Individual RAUM · $288,950 to $258,513
      Mar 26, 2024 to Mar 17, 2025
    • RAUM · $546M to $616M
      Mar 26, 2024 to Mar 17, 2025
    • Accounts · 27 to 45
      Jul 26, 2023 to Mar 26, 2024
    • Corporate clients · 5 to 7
      Jul 26, 2023 to Mar 26, 2024
    • HNW clients · 13 to 17
      Jul 26, 2023 to Mar 26, 2024
    • Individual clients · 6 to 5
      Jul 26, 2023 to Mar 26, 2024
    • Discretionary RAUM · $520M to $546M
      Jul 26, 2023 to Mar 26, 2024
    • HNW RAUM · $324M to $339M
      Jul 26, 2023 to Mar 26, 2024
    • Individual RAUM · $1.0M to $288,950
      Jul 26, 2023 to Mar 26, 2024
    • RAUM · $520M to $546M
      Jul 26, 2023 to Mar 26, 2024
    • Accounts · 0 to 27
      Apr 7, 2023 to Jul 25, 2023
    • Charity clients · unset to 3.0
      Apr 7, 2023 to Jul 25, 2023
    • Corporate clients · unset to 5.0
      Apr 7, 2023 to Jul 25, 2023
    • HNW clients · unset to 13.0
      Apr 7, 2023 to Jul 25, 2023
    • Individual clients · unset to 6.0
      Apr 7, 2023 to Jul 25, 2023
    • Discretionary RAUM · $0 to $520M
      Apr 7, 2023 to Jul 25, 2023
    • HNW RAUM · unset to 324240266.0
      Apr 7, 2023 to Jul 25, 2023
    • Individual RAUM · unset to 1034438.0
      Apr 7, 2023 to Jul 25, 2023
    • RAUM · $0 to $520M
      Apr 7, 2023 to Jul 25, 2023
    Signals
    1 dated events
    • A•• L••••• P•••••••• L•• filed its initial SEC registration (Form ADV)
      Mar 8, 2023 · 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
    828-325-0655reportedpublished by the firm, firm site, Sep 17, 2026
    Website
    ABSL•••••PARTNERS.COMreportedpublic record, Form ADV, Sep 19, 2026
    Principal office phone
    828-325-0655reportedpublic record, Form ADV, Mar 5, 2026
    Contact form
    a•••••••••.comreportedpublished 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
    $335Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026