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••••••• • A••••••••• I•••

Wealth manager with institutional or fund businessLittle Rock, ArkansasCRD 42578SEC 801-78968IAPD
Latest filing Dec 16, 2025
First filing on the tape Dec 12, 2013 · 18 filings
SEC status approved since Jan 2, 2014
RAUM
$198M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
40%
$78.7M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$198M
derived; firm RAUM over IAPD count
Employees
4
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$198M as of Dec 16, 2025
Dec 20, 2013$168M then
HNW client RAUM$61.5M as of Dec 16, 2025
Dec 22, 2017$24.3M then
State-registered IARs (5.B.3)1 as of Dec 16, 2025
Dec 20, 20132 then
Employees (5.A)4 as of Dec 16, 2025
Dec 20, 20138 then
Private funds1 as of Dec 16, 2025
Dec 20, 20131 then
RAUM +16% over the last fiscal year-2.5% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Dec 16, 2025; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$198MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
125derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$904,173derivedHNW RAUM over HNW clients
Average account
$1.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
4.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+2.2%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+5.5%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consultingreportedItem 5.G
Custody
$92.8M, 131 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
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • 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)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$105M53%
  • High-net-worth individuals$61.5M31%
  • Individuals$17.3M8.7%
  • Pension and profit-sharing plans$9.1M4.6%
  • Corporations and businesses$5.0M2.5%
Individual clients
57reported
HNW clients
68reported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
132reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$92.8M for 131 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.4 fund_share=0.53 institutional_share=0.05 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
M••• E•••• W•••••••Little Rock, ArJun 24, 201924 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
Private funds
1 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
K•• C••••• F•••• L•••Hedge Fund$92.7M17Dec 12, 2013
Owners and control persons
Schedule A and B, latest filing
  • L•••••••• A••• R•• · President/Chief Executive Officer, L••••••• • A••••••••• I•••control
    since 05/1997 · owns 75% or more
  • F••••••• V•••••• M• · Vice President
    since 12/2023 · owns less than 5%
  • L•••••••• J•••• R•• · Vice President, L••••••• • A••••••••• I•••
    since 01/1998 · owns less than 5%
  • W•••••••• M••• E•••• · Vp/Cfo/Finop/Sec/Treas/Cco/Options Principal/Muni Principal, L••••••• • A••••••••• I•••
    since 05/2003 · owns less than 5%
Related persons
Schedule D 7.A
  • K•• C••••• M••••••••• L••
    pooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 123 to 132
    Jan 2, 2025 to Dec 16, 2025
  • HNW clients · 67 to 68
    Jan 2, 2025 to Dec 16, 2025
  • Individual clients · 49 to 57
    Jan 2, 2025 to Dec 16, 2025
  • Assets in custody · $89.7M to $92.8M
    Jan 2, 2025 to Dec 16, 2025
  • Discretionary RAUM · $174M to $198M
    Jan 2, 2025 to Dec 16, 2025
  • HNW RAUM · $62.6M to $61.5M
    Jan 2, 2025 to Dec 16, 2025
  • Individual RAUM · $13.9M to $17.3M
    Jan 2, 2025 to Dec 16, 2025
  • Pension RAUM · $8.6M to $9.1M
    Jan 2, 2025 to Dec 16, 2025
  • Pooled vehicle RAUM · $84.5M to $105M
    Jan 2, 2025 to Dec 16, 2025
  • RAUM · $174M to $198M
    Jan 2, 2025 to Dec 16, 2025
  • Accounts · 117 to 123
    Dec 22, 2023 to Jan 2, 2025
  • HNW clients · 66 to 67
    Dec 22, 2023 to Jan 2, 2025
  • Individual clients · 44 to 49
    Dec 22, 2023 to Jan 2, 2025
  • Assets in custody · $77.8M to $89.7M
    Dec 22, 2023 to Jan 2, 2025
  • Financial planning clients · 0 to
    Dec 22, 2023 to Jan 2, 2025
  • Discretionary RAUM · $170M to $174M
    Dec 22, 2023 to Jan 2, 2025
  • HNW RAUM · $54.0M to $62.6M
    Dec 22, 2023 to Jan 2, 2025
  • Individual RAUM · $13.2M to $13.9M
    Dec 22, 2023 to Jan 2, 2025
  • Pension RAUM · $6.7M to $8.6M
    Dec 22, 2023 to Jan 2, 2025
  • Pooled vehicle RAUM · $92.7M to $84.5M
    Dec 22, 2023 to Jan 2, 2025
  • RAUM · $170M to $174M
    Dec 22, 2023 to Jan 2, 2025
  • Accounts · 119 to 117
    Dec 22, 2022 to Dec 22, 2023
  • Advisory employees · 2 to 1
    Dec 22, 2022 to Dec 22, 2023
  • BD registered reps · 5 to 4
    Dec 22, 2022 to Dec 22, 2023
  • HNW clients · 72 to 66
    Dec 22, 2022 to Dec 22, 2023
  • Individual clients · 41 to 44
    Dec 22, 2022 to Dec 22, 2023
  • Assets in custody · $68.0M to $77.8M
    Dec 22, 2022 to Dec 22, 2023
  • Employees · 5 to 4
    Dec 22, 2022 to Dec 22, 2023
  • State-registered IARs · 2 to 1
    Dec 22, 2022 to Dec 22, 2023
  • Discretionary RAUM · $153M to $170M
    Dec 22, 2022 to Dec 22, 2023
  • HNW RAUM · $49.4M to $54.0M
    Dec 22, 2022 to Dec 22, 2023
  • Individual RAUM · $9.2M to $13.2M
    Dec 22, 2022 to Dec 22, 2023
  • Pension RAUM · $5.9M to $6.7M
    Dec 22, 2022 to Dec 22, 2023
  • Pooled vehicle RAUM · $84.9M to $92.7M
    Dec 22, 2022 to Dec 22, 2023
  • RAUM · $153M to $170M
    Dec 22, 2022 to Dec 22, 2023
  • Accounts · 111 to 119
    Oct 26, 2022 to Dec 22, 2022
  • BD registered reps · 4 to 5
    Oct 26, 2022 to Dec 22, 2022
  • HNW clients · 66 to 72
    Oct 26, 2022 to Dec 22, 2022
  • Individual clients · 38 to 41
    Oct 26, 2022 to Dec 22, 2022
  • Discretionary RAUM · $214M to $153M
    Oct 26, 2022 to Dec 22, 2022
Signals
1 dated events
  • L••••••• • A••••••••• I••• filed its initial SEC registration (Form ADV)
    Dec 12, 2013 · 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
Principal office phone
501-219-2003reportedpublic record, Form ADV, Dec 16, 2025
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
Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor
$198Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026