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.

Former SEC-registered adviser

J.J.B. Hilliard, W.L. Lyons, LLC

Former SEC-registered adviserLouisville, KentuckyCRD 453SEC 801-23120IAPD
Latest filing Apr 12, 2019
First filing on the tape Dec 1, 2011 · 40 filings
RAUM
$9.3B
reported, Item 5.F
Discretionary
53%
of RAUM
Private clients
95%
$8.8B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1,025
384 advisory (5.B.1)
Offices
82
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$9.3B as of Dec 17, 2018
Dec 1, 2011$3.7B then
HNW client RAUM$2.2B as of Dec 17, 2018
Nov 20, 2017$2.9B then
State-registered IARs (5.B.3)562 as of Dec 17, 2018
Nov 19, 2012518 then
Employees (5.A)1,025 as of Dec 17, 2018
Nov 19, 20121,042 then
Private funds: no history
RAUM +21% over the last fiscal year+15% a year over threeIARs 552 to 562offices 69 to 82
Practice profile
derived from the filing of Apr 12, 2019; every figure names its basis
RAUM per advisor
$16.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
54derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.4MderivedHNW RAUM over HNW clients
Average account
$297,407derivedRAUM over accounts (5.F.2.f)
Discretionary
53%derivedof RAUM
Institutional
4.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
6.8derived83 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+1.8%derivedItem 5.B.3 between annual amendments
Client growth, one year
+26%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
$16BreportedItem 5.I
Custody
yesreportedItem 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)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$6.6B71%
  • High-net-worth individuals$2.2B24%
  • Charitable organizations$228M2.5%
  • Pension and profit-sharing plans$142M1.5%
  • Corporations and businesses$73.0M0.8%
  • Investment companies$50.9M0.5%
Individual clients
29,063reported
HNW clients
1,561reported
Pension plan clients
184reported
Charitable clients
139reported
Accounts
31,198reported
Financial planning clients
251-500reported
Wrap fee programs
$8.1B sponsored, $8.1B managedreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • James Reid Allen · Chairman Of The Board, Ceocontrol
    since 01/2004 · owns less than 5%
  • Donald Lee Asfahl · Executive Vice Presidentcontrol
    since 12/2005 · owns less than 5%
  • Steven Gregory Booth · Directorcontrol
    since 04/2019 · owns less than 5%
  • Charles Joseph Jr. Cutsinger · Executive Vice Presidentcontrol
    since 07/2017 · owns less than 5%
  • Charles Morrison Grimley · Executive Vice President, Chief Financial Officercontrol
    since 02/2010 · owns less than 5%
  • Elizabeth C Kaplan · Senior Vice President, Chief Compliance Officercontrol
    since 09/2005 · owns less than 5%
  • Thomas Burks III Kessinger · Director, Presidentcontrol
    since 06/2017 · owns less than 5%
  • Carmella Rasi Miller · Chief Risk Officer, Executive Vice Presidentcontrol
    since 01/2003 · owns less than 5%
  • Alan Hamburg Newman · Executive Vice Presidentcontrol
    since 07/2017 · owns less than 5%
  • Nicholas Papachristou · Chief Marketing Officer, Executive Vice Presidentcontrol
    since 04/2018 · owns less than 5%
  • Paul Edward Purcell · Directorcontrol
    since 04/2019 · owns less than 5%
  • Michael John Schroeder · Directorcontrol
    since 04/2019 · owns less than 5%
  • Jaleigh Jeffers White · Executive Vice Presidentcontrol
    since 01/2012 · owns less than 5%
  • Anthony Nicholas Jr Amato · Principal Operations Officer
    since 01/2019 · owns less than 5%
Entity owners
  • Hl Financial Services, LLC · Member
    direct · owns 75% or more
  • Baird Financial Corporation · Shareholder
    indirect · owns 75% or more of Hl Financial Services, LLC
  • Baird Financial Group, Inc. · Shareholder
    indirect · owns 75% or more of Baird Holding Company
  • Baird Holding Company · Shareholder
    indirect · owns 75% or more of Baird Financial Corporation
Related persons
Schedule D 7.A
  • Hilliard Lyons Trust Company, LLC
    n
Offices
Schedule D 1.F, the 25 largest
  • Lexington, KY24 employees
  • Louisville, KY23 employees
  • Louisville, KY22 employees
  • Evansville, IN20 employees
  • Lexington, KY13 employees
  • Owensboro, KY13 employees
  • Cincinnati, OH12 employees
  • Columbus, IN10 employees
  • Murfreesboro, TN9 employees
  • Bloomington, IN9 employees
  • Holland, MI8 employees
  • Louisville, KY8 employees
  • Greenville, SC8 employees
  • Knoxville, TN8 employees
  • Asheville, NC7 employees
  • Bowling Green, KY7 employees
  • Hopkinsville, KY7 employees
  • Charleston, WV7 employees
  • Battle Creek, MI7 employees
  • Indianapolis, IN6 employees
  • Nashville, TN6 employees
  • Bowling Green, KY5 employees
  • Henderson, KY5 employees
  • Paducah, KY5 employees
  • Princeton, IN5 employees
What changed
consecutive filings, newest first
  • Corporate clients · 41 to 65
    Sep 18, 2018 to Dec 17, 2018
  • Accounts · 24,586 to 31,198
    Sep 18, 2018 to Dec 17, 2018
  • Advisory employees · 345 to 384
    Sep 18, 2018 to Dec 17, 2018
  • BD registered reps · 691 to 670
    Sep 18, 2018 to Dec 17, 2018
  • Charity clients · 140 to 139
    Sep 18, 2018 to Dec 17, 2018
  • HNW clients · 1,824 to 1,561
    Sep 18, 2018 to Dec 17, 2018
  • Individual clients · 22,394 to 29,063
    Sep 18, 2018 to Dec 17, 2018
  • Pension plan clients · 186 to 184
    Sep 18, 2018 to Dec 17, 2018
  • Employees · 1,008 to 1,025
    Sep 18, 2018 to Dec 17, 2018
  • Insurance-licensed employees · 0 to 4
    Sep 18, 2018 to Dec 17, 2018
  • State-registered IARs · 552 to 562
    Sep 18, 2018 to Dec 17, 2018
  • Other offices · 69 to 82
    Sep 18, 2018 to Dec 17, 2018
  • Discretionary RAUM · $3.8B to $4.9B
    Sep 18, 2018 to Dec 17, 2018
  • HNW RAUM · $2.9B to $2.2B
    Sep 18, 2018 to Dec 17, 2018
  • Individual RAUM · $4.3B to $6.6B
    Sep 18, 2018 to Dec 17, 2018
  • Non-discretionary RAUM · $3.8B to $4.4B
    Sep 18, 2018 to Dec 17, 2018
  • Pension RAUM · $118M to $142M
    Sep 18, 2018 to Dec 17, 2018
  • RAUM · $7.6B to $9.3B
    Sep 18, 2018 to Dec 17, 2018
  • Wrap assets (manager) · $6.7B to $8.1B
    Sep 18, 2018 to Dec 17, 2018
  • Wrap assets (sponsor) · $6.7B to $8.1B
    Sep 18, 2018 to Dec 17, 2018
  • Accounts · 22,374 to 24,586
    Sep 19, 2017 to Nov 20, 2017
  • Advisory employees · 350 to 345
    Sep 19, 2017 to Nov 20, 2017
  • BD registered reps · 712 to 691
    Sep 19, 2017 to Nov 20, 2017
  • Charity clients · unset to 140.0
    Sep 19, 2017 to Nov 20, 2017
  • Corporate clients · unset to 41.0
    Sep 19, 2017 to Nov 20, 2017
  • HNW clients · unset to 1824.0
    Sep 19, 2017 to Nov 20, 2017
  • Individual clients · unset to 22394.0
    Sep 19, 2017 to Nov 20, 2017
  • Pension plan clients · unset to 186.0
    Sep 19, 2017 to Nov 20, 2017
  • Assets in custody · $7.0B to $0
    Sep 19, 2017 to Nov 20, 2017
  • Employees · 1,040 to 1,008
    Sep 19, 2017 to Nov 20, 2017
  • State-registered IARs · 540 to 552
    Sep 19, 2017 to Nov 20, 2017
  • Other offices · unset to 69.0
    Sep 19, 2017 to Nov 20, 2017
  • Discretionary RAUM · $4.0B to $3.8B
    Sep 19, 2017 to Nov 20, 2017
  • HNW RAUM · unset to 2901010018.0
    Sep 19, 2017 to Nov 20, 2017
  • Individual RAUM · unset to 4288206813.0
    Sep 19, 2017 to Nov 20, 2017
  • Non-discretionary RAUM · $3.0B to $3.8B
    Sep 19, 2017 to Nov 20, 2017
  • Pension RAUM · unset to 117874983.0
    Sep 19, 2017 to Nov 20, 2017
  • RAUM · $7.0B to $7.6B
    Sep 19, 2017 to Nov 20, 2017
  • Wrap assets (manager) · unset to 6708501531.0
    Sep 19, 2017 to Nov 20, 2017
  • Wrap assets (sponsor) · unset to 6708501531.0
    Sep 19, 2017 to Nov 20, 2017
Signals
4 dated events
  • Paul Edward Purcell (Director) appeared on Schedule A of J.J.B. Hilliard, W.L. Lyons, Llc
    Apr 12, 2019 · Control person joined · fact
  • Steven Gregory Booth (Director) appeared on Schedule A of J.J.B. Hilliard, W.L. Lyons, Llc
    Apr 12, 2019 · Control person joined · fact
  • Michael John Schroeder (Director) appeared on Schedule A of J.J.B. Hilliard, W.L. Lyons, Llc
    Apr 12, 2019 · Control person joined · fact
  • J.J.B. Hilliard, W.L. Lyons, Llc reported 82 offices beyond its principal office, up from 69 (2018-09-18 to 2018-12-17)
    Dec 17, 2018 · Office count change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026