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

Next Financial Group, Inc.

Former SEC-registered adviserHouston, TexasCRD 46214SEC 801-56786websiteIAPD
Latest filing Aug 4, 2025
First filing on the tape Jan 31, 2012 · 80 filings
SEC status approved since Aug 20, 1999
RAUM
$3.8B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
95%
$3.6B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
564
307 advisory (5.B.1)
Offices
225
beyond the principal office
Private funds
0
reported on Schedule D
History
80 filings and snapshots on the tape
RAUM$3.8B as of Aug 4, 2025
Jan 31, 2012$1.3B then
HNW client RAUM$1.2B as of Aug 4, 2025
Mar 22, 2018$557M then
State-registered IARs (5.B.3)307 as of Aug 4, 2025
Apr 1, 2013563 then
Employees (5.A)564 as of Aug 4, 2025
Apr 1, 2013764 then
Private funds: no history
RAUM +7.0% over the last fiscal year+6.6% a year over threeIARs 358 to 307offices 257 to 225
Practice profile
derived from the filing of Aug 4, 2025; every figure names its basis
RAUM per advisor
$12.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
37derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$224,306derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
2.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.8derivedItem 5.A over advisors
Advisors per office
1.4derived226 offices incl. principal (1.F.5)
RAUM growth, one year
+7.0%derivedbetween the last two annual amendments
Advisor growth, one year
-14%derivedItem 5.B.3 between annual amendments
Client growth, one year
-4.7%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Wrap fee program
$3.7BreportedItem 5.I
Custody
$1.5B, 4,960 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$2.4B64%
  • High-net-worth individuals$1.2B31%
  • Corporations and businesses$98.5M2.6%
  • Pension and profit-sharing plans$47.4M1.3%
  • Charitable organizations$46.1M1.2%
Individual clients
10,815reported
HNW clients
584reported
Pension plan clients
37reported
Charitable clients
43reported
Accounts
16,805reported
Financial planning clients
251-500reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$1.5B for 4,960 clientsreported
Compensation
% of AUM, fixed, hourlyreported
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
3 left, 1 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 days111 left over 36 months
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
  • Douglas John Ketterer · Directorcontrol
    since 06/2019 · owns less than 5%
  • Barry Glenn Knight · President/Directorcontrol
    since 12/2006 · owns less than 5%
  • Eugene Henri Elias Jr · Director
    since 06/2019 · owns less than 5%
  • Christian Gabriel Taylor · Chief Compliance Officer
    since 07/2024 · owns less than 5%
  • Trisha Lynn Tymkiw · Principal Financial Officer
    since 05/2022 · owns less than 5%
  • Laura Nicole White · Advisory Chief Compliance Officer
    since 11/2023 · owns less than 5%
Entity owners
  • Next Financial Holdings Inc. · Shareholder
    direct · owns 75% or more
  • Atria Wealth Solutions, Inc. · Shareholder
    indirect · owns 75% or more of Aws 5, Inc.
  • Aws 5, Inc. · Shareholder
    indirect · owns 75% or more of Next Financial Holdings Inc.
  • LPL Financial Holdings, Inc. · Parent Company
    indirect · owns 75% or more of LPL Holdings, Inc. · public reporting company
  • LPL Holdings, Inc. · Shareholder
    indirect · owns 75% or more of Atria Wealth Solutions, Inc.
Related persons
Schedule D 7.A
Advisers that list Next Financial Group, Inc. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Albany, Ga000
Allentown, Pa000
Apple Valley, Mn000
Austin, Tx000
Avon, Ct000
Boca Raton, Fl000
Bridgewater, Ma000
Canton, Oh000
Chandler, Az000
Chipley, Fl000
Delray Beach, Fl000
Depew, Ny000
Falmouth, Me000
Fayetteville, Tn000
Flower Mound, Tx000
Fort Wayne, In000
Friendswood, Tx000
Grand Junction, Co000
Greer, Sc000
Harleysville, Pa000
All 54 offices
Offices
Schedule D 1.F, the 25 largest
  • Roseville, CA21 employees
  • Altoona, PA14 employees
  • Williamsville, NY6 employees
  • Newport Beach, CA6 employees
  • Scottsdale, AZ6 employees
  • Fort Wayne, IN6 employees
  • San Antonio, TX6 employees
  • Harleysville, PA5 employees
  • Kingwood, TX5 employees
  • Houston, TX5 employees
  • Novi, MI5 employees
  • Cherry Hill, NJ4 employees
  • Eden Prairie, MN4 employees
  • Phoenix, AZ4 employees
  • Eden Prairie, MN4 employees
  • Colorado Springs, CO3 employees
  • Patton, PA3 employees
  • Chico, CA3 employees
  • San Antonio, TX3 employees
  • Honolulu, HI3 employees
  • Salisbury, MA3 employees
  • Dunkirk, NY3 employees
  • Allentown, PA3 employees
  • Medford, OR3 employees
  • Austin, TX3 employees
What changed
consecutive filings, newest first
  • Financial planning clients · 251-500 to 251-500
    May 2, 2025 to Jul 15, 2025
  • Accounts · 17,352 to 16,805
    Jan 3, 2025 to Mar 31, 2025
  • Advisory employees · 358 to 307
    Jan 3, 2025 to Mar 31, 2025
  • BD registered reps · 454 to 407
    Jan 3, 2025 to Mar 31, 2025
  • Charity clients · 39 to 43
    Jan 3, 2025 to Mar 31, 2025
  • Corporate clients · 39 to 44
    Jan 3, 2025 to Mar 31, 2025
  • HNW clients · 488 to 584
    Jan 3, 2025 to Mar 31, 2025
  • Individual clients · 11,473 to 10,815
    Jan 3, 2025 to Mar 31, 2025
  • Pension plan clients · 39 to 37
    Jan 3, 2025 to Mar 31, 2025
  • Assets in custody · $1.4B to $1.5B
    Jan 3, 2025 to Mar 31, 2025
  • Employees · 613 to 564
    Jan 3, 2025 to Mar 31, 2025
  • Insurance-licensed employees · 29 to 28
    Jan 3, 2025 to Mar 31, 2025
  • State-registered IARs · 358 to 307
    Jan 3, 2025 to Mar 31, 2025
  • Other offices · 257 to 225
    Jan 3, 2025 to Mar 31, 2025
  • Discretionary RAUM · $3.5B to $3.7B
    Jan 3, 2025 to Mar 31, 2025
  • HNW RAUM · $999M to $1.2B
    Jan 3, 2025 to Mar 31, 2025
  • Individual RAUM · $2.4B to $2.4B
    Jan 3, 2025 to Mar 31, 2025
  • Non-discretionary RAUM · $40.5M to $42.8M
    Jan 3, 2025 to Mar 31, 2025
  • Pension RAUM · $38.4M to $47.4M
    Jan 3, 2025 to Mar 31, 2025
  • RAUM · $3.5B to $3.8B
    Jan 3, 2025 to Mar 31, 2025
  • Accounts · 16,162 to 17,352
    Nov 17, 2023 to Mar 28, 2024
  • Advisory employees · 410 to 358
    Nov 17, 2023 to Mar 28, 2024
  • BD registered reps · 467 to 454
    Nov 17, 2023 to Mar 28, 2024
  • Charity clients · 47 to 39
    Nov 17, 2023 to Mar 28, 2024
  • Corporate clients · 50 to 39
    Nov 17, 2023 to Mar 28, 2024
  • HNW clients · 783 to 488
    Nov 17, 2023 to Mar 28, 2024
  • Individual clients · 15,242 to 11,473
    Nov 17, 2023 to Mar 28, 2024
  • Pension plan clients · 40 to 39
    Nov 17, 2023 to Mar 28, 2024
  • Assets in custody · $720M to $1.4B
    Nov 17, 2023 to Mar 28, 2024
  • Employees · 587 to 613
    Nov 17, 2023 to Mar 28, 2024
  • Insurance-licensed employees · 52 to 29
    Nov 17, 2023 to Mar 28, 2024
  • State-registered IARs · 410 to 358
    Nov 17, 2023 to Mar 28, 2024
  • Other offices · 280 to 257
    Nov 17, 2023 to Mar 28, 2024
  • Discretionary RAUM · $2.9B to $3.5B
    Nov 17, 2023 to Mar 28, 2024
  • HNW RAUM · $565M to $999M
    Nov 17, 2023 to Mar 28, 2024
  • Individual RAUM · $2.2B to $2.4B
    Nov 17, 2023 to Mar 28, 2024
  • Non-discretionary RAUM · $13.4M to $40.5M
    Nov 17, 2023 to Mar 28, 2024
  • Pension RAUM · $34.7M to $38.4M
    Nov 17, 2023 to Mar 28, 2024
  • RAUM · $2.9B to $3.5B
    Nov 17, 2023 to Mar 28, 2024
  • Accounts · 15,664 to 16,162
    Feb 15, 2023 to Mar 31, 2023
Signals
60 dated events
  • Next Financial Group, Inc. no longer on the SEC adviser roster (last listed 2025-12-20, RAUM $3.8B)
    Jan 2, 2026 · Left the SEC roster · derived
  • Alexis Schumann left Next Financial Group, Inc. for Cambridge Investment Research Advisors, Inc. (registered 2026-04-27)
    Dec 9, 2025 · Advisor changed firm · fact
  • Julie Ann Martinez left Next Financial Group, Inc. for Alphasource Investment Counsel, Inc (registered 2013-02-19)
    Oct 27, 2025 · Advisor changed firm · fact
  • Alicia Danielle Baxter left Next Financial Group, Inc. for Cwm, Llc (registered 2025-11-06)
    Oct 16, 2025 · Advisor changed firm · fact
  • Christopher F. Herrel left Next Financial Group, Inc. for J.P. Morgan Securities Llc (registered 2025-09-29)
    Sep 5, 2025 · Advisor changed firm · fact
  • Susan Michelle Roberts left Next Financial Group, Inc. for Osaic Wealth, Inc. (registered 2026-07-22)
    Aug 18, 2025 · Advisor changed firm · fact
  • Janice Ann Webb Lavin left Next Financial Group, Inc. for Blackridge Asset Management, Llc (registered 2025-08-05)
    Aug 1, 2025 · Advisor changed firm · fact
  • Jay Matthew Vavra left Next Financial Group, Inc. for Transamerica Financial Advisors, Llc (registered 2025-09-04)
    Aug 1, 2025 · Advisor changed firm · fact
  • Mark Adam Vuskov left Next Financial Group, Inc. for Alphasource Investment Counsel, Inc (registered 2013-03-26)
    Aug 1, 2025 · Advisor changed firm · fact
  • Allen Thomas Lyttle left Next Financial Group, Inc. for Valic Financial Advisors, Inc. (registered 2026-07-28)
    Aug 1, 2025 · Advisor changed firm · fact
  • Seth Benjamin Schoen left Next Financial Group, Inc. for Pnc Wealth Management (registered 2025-08-13)
    Aug 1, 2025 · Advisor changed firm · fact
  • Christian Gabriel Taylor left Next Financial Group, Inc. for Thurston Springer Advisors (registered 2025-10-27)
    Aug 1, 2025 · Advisor changed firm · fact
  • Edward Connor Maruna left Next Financial Group, Inc. for Blakely Walters Wealth Management (registered 2025-03-04)
    Jul 31, 2025 · Advisor changed firm · fact
  • Chelsey Lynn Koster left Next Financial Group, Inc. for Sb Advisory, Llc (registered 2025-07-28)
    Jul 16, 2025 · Advisor changed firm · fact
  • Thomas Guy Fox left Next Financial Group, Inc. for Waterstreet Asset Management Llc (registered 2020-12-31)
    Jul 16, 2025 · Advisor changed firm · fact
  • Robert Linhart Hughes left Next Financial Group, Inc. for Sb Advisory, Llc (registered 2025-07-18)
    Jul 16, 2025 · Advisor changed firm · fact
  • 2 advisors left Next Financial Group, Inc. (Grand Rapids, MI) for SB Advisory, LLC on the same day
    Jul 16, 2025 · Team lift-out · derived
  • Neal Paul Quon left Next Financial Group, Inc. for Api Financial Advisors, Llc (registered 2025-07-21)
    Jul 15, 2025 · Advisor changed firm · fact
  • James Primiano left Next Financial Group, Inc. for Clear View Wealth Advisors (registered 2021-08-13)
    Jul 11, 2025 · Advisor changed firm · fact
  • Kathryn Swan left Next Financial Group, Inc. for Blakely Walters Wealth Management (registered 2023-06-09)
    Jul 10, 2025 · Advisor changed firm · fact
  • Paul Nicholas Butler left Next Financial Group, Inc. for Blakely Walters Wealth Management (registered 2023-06-12)
    Jul 10, 2025 · Advisor changed firm · fact
  • Teresa M. Simmons left Next Financial Group, Inc. for Verus Capital Partners, Llc (registered 2025-10-15)
    Jul 10, 2025 · Advisor changed firm · fact
  • Sloan Dylan Walters left Next Financial Group, Inc. for Blakely Walters Wealth Management (registered 2023-06-09)
    Jul 10, 2025 · Advisor changed firm · fact
  • Dirk David Rabenold left Next Financial Group, Inc. for Rabenold Advisors, Inc. (registered 2022-05-24)
    Jul 10, 2025 · Advisor changed firm · fact
  • Michael C Calisi left Next Financial Group, Inc. for Calisi Wealth Management (registered 2025-05-15)
    Jul 10, 2025 · Advisor changed firm · fact
  • Marie Caldera left Next Financial Group, Inc. for Pageone Financial, Inc. (registered 2002-09-05)
    Jul 10, 2025 · Advisor changed firm · fact
  • James Carlyle Blakely left Next Financial Group, Inc. for Blakely Walters Wealth Management (registered 2023-06-12)
    Jul 10, 2025 · Advisor changed firm · fact
  • Jeffrey Lawrence Jackson left Next Financial Group, Inc. for Heritage Wealth Management, Llc (registered 2019-08-30)
    Jul 10, 2025 · Advisor changed firm · fact
  • Jeffrey Alan Mathis left Next Financial Group, Inc. for Heritage Wealth Management, Llc (registered 2019-10-09)
    Jul 10, 2025 · Advisor changed firm · fact
  • Patrick David Mossman left Next Financial Group, Inc. for Mossman Financial Solutions Llc (registered 2013-06-20)
    Jul 10, 2025 · Advisor changed firm · fact
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