{ "crd_number": 114408, "slug": "phillips-ray-capital-management-inc-fort-worth-tx-114408", "primary_business_name": "PHILLIPS RAY CAPITAL MANAGEMENT, INC.", "legal_name": "PHILLIPS RAY CAPITAL MANAGEMENT, INC.", "dbas": [], "city": "Fort Worth", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "state", "registration_status": "APPROVED", "registration_date": "2025-08-12", "years_registered": 1, "period": "2026-10-01", "filing_date": "2026-03-16", "carried_forward": false, "raum_total": 57578238.0, "raum_discretionary": 55419880.0, "raum_non_discretionary": 2158358.0, "raum_band": "25m_100m", "raum_band_label": "$25 million to $100 million", "total_employees": 1, "advisory_employees": 1, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 1409579.0, "count": 6 }, "high_net_worth_individuals": { "raum": 56168659.0, "count": 92 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "other", "portfolio_management_businesses_institutional", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "TX" ], "websites": [ "https://phillipsray.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/114408", "city_as_filed": "FORT WORTH", "url": "https://advisorcensus.com/firm/phillips-ray-capital-management-inc-fort-worth-tx-114408", "display_name": "Phillips Ray Capital Management, Inc.", "summary": "Phillips Ray Capital Management, Inc. is a state-registered investment advisory firm in Fort Worth, TX, registered since 2025, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.", "citation": "AdvisorCensus. Phillips Ray Capital Management, Inc. (CRD 114408): Form ADV filing data as of October 2026.", "registration_type_label": "State-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients", "Other" ], "quick_answers": [ { "q": "How is Phillips Ray Capital Management, Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Phillips Ray Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Phillips Ray Capital Management, Inc. located?", "a": "Phillips Ray Capital Management, Inc.'s principal office is in Fort Worth, TX, according to its Form ADV." }, { "q": "Is Phillips Ray Capital Management, Inc. registered with the SEC or a state?", "a": "Phillips Ray Capital Management, Inc. is a state-registered investment advisory firm, registered since 2025. Status as filed: APPROVED. CRD 114408." }, { "q": "How much does Phillips Ray Capital Management, Inc. manage?", "a": "Phillips Ray Capital Management, Inc. reports $57,578,238 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (96% discretionary)." }, { "q": "How have Phillips Ray Capital Management, Inc.'s assets and staff changed since 2022?", "a": "In the Form ADV data for Phillips Ray Capital Management, Inc.: Regulatory assets under management: $161,067,604 in the October 2022 data and $57,578,238 in the October 2026 data, down 64%. Total employees: 2 in October 2022 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Phillips Ray Capital Management, Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (92); individuals (other than high net worth individuals) (6)." }, { "q": "Does Phillips Ray Capital Management, Inc. report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/114408" } ], "filing_history": [ { "period": "2022-10-01", "regulatory_assets_under_management": 161067604.0, "total_employees": 2, "filing_date": "2022-03-10" }, { "period": "2023-10-01", "regulatory_assets_under_management": 111643626.0, "total_employees": 1, "filing_date": "2023-08-15" }, { "period": "2024-10-01", "regulatory_assets_under_management": 90671829.0, "total_employees": 1, "filing_date": "2024-03-13" }, { "period": "2025-10-01", "regulatory_assets_under_management": 59464991.0, "total_employees": 1, "filing_date": "2025-07-14" }, { "period": "2026-10-01", "regulatory_assets_under_management": 57578238.0, "total_employees": 1, "filing_date": "2026-03-16" } ], "recent_changes": [], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/phillips-ray-capital-management-inc-fort-worth-tx-114408.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 6, "fewer_than_5": false, "raum": 1409579.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 92, "fewer_than_5": false, "raum": 56168659.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/114408", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }