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
Watercolor Financial
Legal name Cbm Financial, LLC
Latest filing Mar 27, 2026
First filing on the tape Jul 12, 2023 · 12 filings
SEC status approved since Aug 11, 2023
RAUM
$235M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$235M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$78.3M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$235M as of Mar 27, 2026
Mar 4, 2024$153M then
HNW client RAUM$186M as of Mar 27, 2026
Mar 4, 2024$125M then
State-registered IARs (5.B.3)3 as of Mar 27, 2026
Mar 4, 20243 then
Employees (5.A)3 as of Mar 27, 2026
Mar 4, 20243 then
Private funds: no history
RAUM +27% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Mar 27, 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
- $78.3MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 51derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $399,916derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +27%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +7.0%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $12.5M, 20 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)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$186M79%
- Individuals$48.6M21%
- Individual clients
- 70reported
- HNW clients
- 82reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 587reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $12.5M for 20 clientsreported
- Compensation
- % of AUMreported
- 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
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Megan Kelly Poore | Austin, Tx | Aug 11, 2023 | 24 y | 2 |
| Hal Bleckley DobbsCertified Financial Planner | Austin, Tx | Aug 11, 2023 | 22 y | 2 |
| Cathryn Grange | Austin, Tx | Aug 11, 2023 | 31 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
- Megan Kelly Poore from Northwest Asset ManagementAug 11, 2023 · RIA to a newly registered adviser
- Hal Bleckley Dobbs from Northwest Asset ManagementAug 11, 2023 · RIA to a newly registered adviser
- Cathryn Grange from Northwest Asset ManagementAug 11, 2023 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Northwest Asset ManagementOct 31, 2023 · Austin, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Bleckley Hal Dobbs · Chief Compliance Officercontrolsince 06/2023 · owns 25% to 50%
- Cathryn Grange · Member Of LLCcontrolsince 11/2020 · owns 25% to 50%
- Kelly Megan Poore · Member Of LLCcontrolsince 11/2020 · owns 25% to 50%
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 |
|---|---|---|---|---|---|
| Austin, Tx · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- custody status changedChange between filings · filing Mar 27, 2026custody of client assets (Item 9.A): no on the filing of 2026-01-21, yes on the filing of 2026-03-27peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 513 to 587Jan 21, 2026 to Mar 27, 2026
- HNW clients · 48 to 82Jan 21, 2026 to Mar 27, 2026
- Individual clients · 94 to 70Jan 21, 2026 to Mar 27, 2026
- Assets in custody · unset to 12530381.0Jan 21, 2026 to Mar 27, 2026
- Custody of client assets · false to trueJan 21, 2026 to Mar 27, 2026
- Discretionary RAUM · $185M to $235MJan 21, 2026 to Mar 27, 2026
- HNW RAUM · $163M to $186MJan 21, 2026 to Mar 27, 2026
- Individual RAUM · $21.3M to $48.6MJan 21, 2026 to Mar 27, 2026
- RAUM · $185M to $235MJan 21, 2026 to Mar 27, 2026
- Accounts · 473 to 513Mar 5, 2025 to Mar 19, 2025
- HNW clients · 70 to 48Mar 5, 2025 to Mar 19, 2025
- Individual clients · 55 to 94Mar 5, 2025 to Mar 19, 2025
- Financial planning clients · 0 to 0Mar 5, 2025 to Mar 19, 2025
- Discretionary RAUM · $153M to $185MMar 5, 2025 to Mar 19, 2025
- HNW RAUM · $125M to $163MMar 5, 2025 to Mar 19, 2025
- Individual RAUM · $27.9M to $21.3MMar 5, 2025 to Mar 19, 2025
- RAUM · $153M to $185MMar 5, 2025 to Mar 19, 2025
- Assets in custody · 0.0 to unsetJun 6, 2024 to Aug 19, 2024
- Accounts · 358 to 473Oct 10, 2023 to Mar 4, 2024
- Advisory activities · 2 to 3Oct 10, 2023 to Mar 4, 2024
- Charity clients · 0.0 to unsetOct 10, 2023 to Mar 4, 2024
- Corporate clients · 0.0 to unsetOct 10, 2023 to Mar 4, 2024
- HNW clients · 46 to 70Oct 10, 2023 to Mar 4, 2024
- Individual clients · 66 to 55Oct 10, 2023 to Mar 4, 2024
- Pension plan clients · 0.0 to unsetOct 10, 2023 to Mar 4, 2024
- Pooled vehicle clients · 0.0 to unsetOct 10, 2023 to Mar 4, 2024
- Discretionary RAUM · $111M to $153MOct 10, 2023 to Mar 4, 2024
- HNW RAUM · $80.3M to $125MOct 10, 2023 to Mar 4, 2024
- Individual RAUM · $31.1M to $27.9MOct 10, 2023 to Mar 4, 2024
- Pension RAUM · 0.0 to unsetOct 10, 2023 to Mar 4, 2024
- Pooled vehicle RAUM · 0.0 to unsetOct 10, 2023 to Mar 4, 2024
- RAUM · $111M to $153MOct 10, 2023 to Mar 4, 2024
- Accounts · 0 to 358Sep 12, 2023 to Oct 6, 2023
- HNW clients · 0 to 46Sep 12, 2023 to Oct 6, 2023
- Individual clients · 0 to 66Sep 12, 2023 to Oct 6, 2023
- Discretionary RAUM · $0 to $111MSep 12, 2023 to Oct 6, 2023
- HNW RAUM · $0 to $80.3MSep 12, 2023 to Oct 6, 2023
- Individual RAUM · $0 to $31.1MSep 12, 2023 to Oct 6, 2023
- RAUM · $0 to $111MSep 12, 2023 to Oct 6, 2023
- Business name · WATERCOLOR FINANCIAL GROUP to WATERCOLOR FINANCIALJul 12, 2023 to Jul 19, 2023
Signals
2 dated events
- 3 advisors left Northwest Asset Management (Austin, TX) for Watercolor Financial on the same dayOct 31, 2023 · Team lift-out · derived
- Watercolor Financial Group filed its initial SEC registration (Form ADV)Jul 12, 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 email
- info@watercolorfinancial.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 512-250-1544reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/watercolor-financialreportedpublic record, Form ADV, Sep 18, 2026
- Website
- watercolorfinancial.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 512-250-1544reportedpublic record, Form ADV, Mar 27, 2026
- Contact form
- watercolorfinancial.com/contactreportedpublished 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
- $78.3Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026