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
E•••• 3• F••••••••• L••
Latest filing Mar 31, 2026
First filing on the tape Jul 21, 2023 · 8 filings
SEC status approved since Aug 28, 2023
RAUM
$532M
reported, Item 5.F
Discretionary
65%
of RAUM
Private clients
93%
$495M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$133M
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$532M as of Mar 31, 2026
Mar 28, 2024$351M then
HNW client RAUM$495M as of Mar 31, 2026
Mar 28, 2024$351M then
State-registered IARs (5.B.3)5 as of Mar 31, 2026
Mar 28, 20242 then
Employees (5.A)5 as of Mar 31, 2026
Mar 28, 20244 then
Private funds3 as of Mar 31, 2026
Mar 31, 20254 then
RAUM +7.7% over the last fiscal yearIARs 4 to 5
Practice profile
derived from the filing of Mar 31, 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $133MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.0MderivedHNW RAUM over HNW clients
- Average account
- $4.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 65%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +7.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisers, otherreportedItem 5.G
- Wrap fee program
- $500MreportedItem 5.I
- Custody
- $17.5M, 3 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$495M94%
- Pooled investment vehicles$32.8M6.2%
- Individual clients
- n/areported
- HNW clients
- 71reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 122reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $17.5M for 3 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.93 fund_share=0.06 institutional_share=0.0 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 |
|---|---|---|---|---|
| D••• E••••• C••••Certified Financial Planner | Midland, Tx | Sep 14, 2023 | 25 y | 2 |
| C••• A•••• J•••• | Midland, Tx | Sep 14, 2023 | 11 y | 1 |
| R••••• L• P•••••• | Midland, Tx | Mar 15, 2024 | 18 y | 2 |
| C•••••••• N••• H••••Certified Financial Planner | Midland, Tx | Apr 11, 2024 | 29 y | 4 |
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
- C•••••••• N••• H•••• from S••••• C•••••• P•••••••• L••Apr 11, 2024 · Other
- R••••• L• P•••••• from S••••• C•••••• P•••••••• L••Mar 15, 2024 · RIA to RIA
- D••• E••••• C•••• from S••••• C•••••• P•••••••• L••Sep 14, 2023 · RIA to a newly registered adviser
- C••• A•••• J•••• from S••••• C•••••• P•••••••• L••Sep 14, 2023 · RIA to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from S••••• C•••••• P•••••••• L••Sep 11, 2023 · Midland, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••• D•••• E••••• · Managing Partner & Chief Compliance Officercontrolsince 09/2023 · owns less than 5%
- C••••• D•••• E••••• · Beneficial Ownercontrolsince 07/2019 · owns 50% to 75% of C•••• F•••••• L•
- C••••• D•••• E••••• · Sole Managercontrolsince 09/2023 · owns 75% or more of E•••• 3• C•••••• M••••••••• L••
- C••••• S••••• S•••• · L•••••• Partnercontrolsince 07/2019 · owns 50% to 75% of C•••• F•••••• L•
- K•••••• F••••••• L•••••• · Trusteecontrolsince 12/2015 · owns F of M•••••• B•••• 2••• T••••
- K•••••• F••••••• L•••••• · Trusteecontrolsince 12/2015 · owns F of K••••• L•• K••••• 2••• T••••
- K•••••• F••••••• L•••••• · Trusteecontrolsince 12/2015 · owns F of F•••••• L• K••••• I• 2••• T••••
Entity owners
- C•••• F•••••• L• · Memberdirect · owns 75% or more
- E•••• 3• P••••••• L•• · Ownerdirect · owns 10% to 25%
- C•••• F••••• G•• L•• · General Partnerindirect · owns F of C•••• F•••••• L•
- E•••• 3• C•••••• M••••••••• L•• · Sole Managerindirect · owns F of E•••• 3• P••••••• L••
- F•• K••••• F••••• L•••••• P••••••••• L••• · Memberindirect · owns 50% to 75% of E•••• 3• P••••••• L••
- F•••••• L• K••••• I• 2••• T•••• · L•••••• Partnerindirect · owns 25% to 50% of F•• K••••• F••••• L•••••• P••••••••• L•••
- K••••• L•• K••••• 2••• T•••• · L•••••• Partnerindirect · owns 25% to 50% of F•• K••••• F••••• L•••••• P••••••••• L•••
- M•••••• B•••• 2••• T•••• · L•••••• Partnerindirect · owns 25% to 50% of F•• K••••• F••••• L•••••• P••••••••• L•••
Related persons
Schedule D 7.A
- S••••• C•••••• P•••••••• L••investment advisernRAUM $60.3M
Advisers that list E•••• 3• F••••••••• L•• as a related person
- 161954 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Midland, Tx · principal | 4 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 115 to 122Mar 31, 2025 to Mar 31, 2026
- Advisory employees · 3 to 4Mar 31, 2025 to Mar 31, 2026
- HNW clients · 66 to 71Mar 31, 2025 to Mar 31, 2026
- Pooled vehicle clients · 4 to 3Mar 31, 2025 to Mar 31, 2026
- Assets in custody · $28.9M to $17.5MMar 31, 2025 to Mar 31, 2026
- Employees · 4 to 5Mar 31, 2025 to Mar 31, 2026
- State-registered IARs · 4 to 5Mar 31, 2025 to Mar 31, 2026
- Private funds · 4 to 3Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $333M to $346MMar 31, 2025 to Mar 31, 2026
- HNW RAUM · $437M to $495MMar 31, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $161M to $187MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $53.1M to $32.8MMar 31, 2025 to Mar 31, 2026
- RAUM · $494M to $532MMar 31, 2025 to Mar 31, 2026
- Accounts · 60 to 115Aug 19, 2024 to Mar 31, 2025
- Advisory employees · 4 to 3Aug 19, 2024 to Mar 31, 2025
- Advisory activities · 3 to 5Aug 19, 2024 to Mar 31, 2025
- HNW clients · 60 to 66Aug 19, 2024 to Mar 31, 2025
- Pooled vehicle clients · unset to 4.0Aug 19, 2024 to Mar 31, 2025
- Assets in custody · $0 to $28.9MAug 19, 2024 to Mar 31, 2025
- Custody of client assets · false to trueAug 19, 2024 to Mar 31, 2025
- Financial planning clients · unset to Aug 19, 2024 to Mar 31, 2025
- Private funds · unset to 4Aug 19, 2024 to Mar 31, 2025
- Discretionary RAUM · $351M to $333MAug 19, 2024 to Mar 31, 2025
- HNW RAUM · $351M to $437MAug 19, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $0 to $161MAug 19, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · unset to 53123291.0Aug 19, 2024 to Mar 31, 2025
- RAUM · $351M to $494MAug 19, 2024 to Mar 31, 2025
- Advisory employees · 2 to 4Mar 28, 2024 to Aug 19, 2024
- State-registered IARs · 2 to 4Mar 28, 2024 to Aug 19, 2024
- Accounts · 31 to 60Nov 7, 2023 to Mar 28, 2024
- HNW clients · 31 to 60Nov 7, 2023 to Mar 28, 2024
- Employees · 3 to 4Nov 7, 2023 to Mar 28, 2024
- Discretionary RAUM · $178M to $351MNov 7, 2023 to Mar 28, 2024
- HNW RAUM · $178M to $351MNov 7, 2023 to Mar 28, 2024
- RAUM · $178M to $351MNov 7, 2023 to Mar 28, 2024
- Accounts · 0 to 31Sep 8, 2023 to Nov 7, 2023
- Business name · E••••• 2•••• L•• to E•••• 3• F••••••••• L••Sep 8, 2023 to Nov 7, 2023
- HNW clients · unset to 31.0Sep 8, 2023 to Nov 7, 2023
- Legal name · E••••• 2•••• L•• to E•••• 3• F••••••••• L••Sep 8, 2023 to Nov 7, 2023
- Discretionary RAUM · $0 to $178MSep 8, 2023 to Nov 7, 2023
Signals
9 dated events
- E•••• 3• F••••••••• L•• reported RAUM $494.3M, up 41% from $350.5M (2024-08-19 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- E•••• 3• F••••••••• L•• reported RAUM $350.5M, up 97% from $177.8M (2023-11-07 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Leallen Frankie Keller (Trustee) appeared on Schedule A of E•••• 3• F••••••••• L••Mar 28, 2024 · Control person joined · fact
- 2 advisors left S••••• C•••••• P•••••••• L•• (Midland, TX) for E•••• 3• F••••••••• L•• on the same daySep 11, 2023 · Team lift-out · derived
- Edward Dane Crunk (Managing Partner & Chief Compliance Officer) appeared on Schedule A of E•••• 3• F••••••••• L••Sep 8, 2023 · Control person joined · fact
- S•••• Sally Crunk (Limited Partner) appeared on Schedule A of E•••• 3• F••••••••• L••Sep 8, 2023 · Control person joined · fact
- R••• C••••••••• S•••• (Sole Member And Chief Compliance Officer) no longer on Schedule A of E•••• 3• F••••••••• L•• (listed 2023-07-27, absent 2023-09-08)Sep 8, 2023 · Control person left · inference
- E••••• 2•••• L•• reported succeeding to the business of Another Adviser (Form ADV Item 4)Sep 8, 2023 · Succession (Item 4) · fact
- E••••• 2•••• L•• filed its initial SEC registration (Form ADV)Jul 21, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- E•••• 3• F••••••••• L•• · Independent Sponsorsshared crd · capital_provider
- E•••• 3• F••••••••• L•• · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Principal office phone
- 423-282-0251reportedpublic record, Form ADV, Mar 31, 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
- $133Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026