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

L••••• C••••••

Independent wealth managerRichardson, TexasCRD 340137SEC 801-135496IAPD
Legal name L••••• C•••••• L••
Latest filing Aug 31, 2026
First filing on the tape Mar 17, 2026 · 4 filings
SEC status approved since Mar 9, 2026
RAUM
$97.9M
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
100%
$97.9M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$10.9M
derived; firm RAUM over IAPD count
Employees
13
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
4 filings and snapshots on the tape
RAUM$97.9M as of Aug 31, 2026
Mar 17, 2026$0 then
HNW client RAUM$37.7M as of Aug 31, 2026
Jul 8, 2026$37.7M then
State-registered IARs (5.B.3)13 as of Aug 31, 2026
Mar 17, 202613 then
Employees (5.A)13 as of Aug 31, 2026
Mar 17, 202613 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Aug 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
  • Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
RAUM per advisor
$9.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
35derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$278,086derivedRAUM over accounts (5.F.2.f)
Discretionary
93%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
10.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisers, publications, educational seminarsreportedItem 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$60.2M62%
  • High-net-worth individuals$37.7M38%
Individual clients
333reported
HNW clients
19reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
352reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=13.0derived
Advisors registered through the firm
10 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
K•••• R•••••Richardson, TxMar 11, 202613 y0
R••• T•••••Chartered Financial ConsultantRichardson, TxMar 11, 202619 y2
R••• W•••• W•••Certified Financial PlannerRichardson, TxMar 11, 202615 y1
M•••••• N••• B•••Richardson, TxMar 11, 202612 y1
K••• M•••• L• S•••Richardson, TxMar 11, 202611 y1
B••••••• N••••• C•••••••Richardson, TxMar 11, 202613 y1
J••••• E••••••Richardson, TxMar 11, 202612 y1
B••••••• V•••••• L••••••Richardson, TxMar 11, 202612 y1
J•••••• P••••••Richardson, TxMar 13, 202612 y1
M•••••• R••••• B•••••Richardson, TxSep 16, 202612 y0
Advisor movement
0 left, 8 joined in 12 months
net +8 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
    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
    • W•••• R•••• W•••• · Ccocontrol
      since 01/2026 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Richardson, Tx · principal10100
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Legal name · L••••• C•••••• to L••••• C•••••• LLC
      Jul 8, 2026 to Aug 31, 2026
    • Accounts · 0 to 352
      Apr 30, 2026 to Jul 8, 2026
    • HNW clients · unset to 19.0
      Apr 30, 2026 to Jul 8, 2026
    • Individual clients · unset to 333.0
      Apr 30, 2026 to Jul 8, 2026
    • Discretionary RAUM · $0 to $91.2M
      Apr 30, 2026 to Jul 8, 2026
    • HNW RAUM · unset to 37669279.0
      Apr 30, 2026 to Jul 8, 2026
    • Individual RAUM · unset to 60216865.0
      Apr 30, 2026 to Jul 8, 2026
    • Non-discretionary RAUM · $0 to $6.7M
      Apr 30, 2026 to Jul 8, 2026
    • RAUM · $0 to $97.9M
      Apr 30, 2026 to Jul 8, 2026
    Signals
    2 dated events
    • M•••••• R••••• B••••• registered as an investment adviser representative at L••••• C••••••
      Sep 16, 2026 · Advisor registered · fact
    • 7 advisors left E•••••••• A•••••••• L•• (Dallas, TX) for L••••• C•••••• a day apart
      Mar 9, 2026 · Team lift-out · derived
    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
    Principal office phone
    972-928-6196reportedpublic record, Form ADV, Aug 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
    $10.9Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026