# Phillips Ray Capital Management, Inc.

> 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.

- CRD: 114408
- Filed as: PHILLIPS RAY CAPITAL MANAGEMENT, INC.
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Fort Worth, TX
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/114408
- AdvisorCensus page: https://advisorcensus.com/firm/phillips-ray-capital-management-inc-fort-worth-tx-114408

## Quick answers

**How is Phillips Ray Capital Management, Inc. compensated?**
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.

**Where is Phillips Ray Capital Management, Inc. located?**
Phillips Ray Capital Management, Inc.'s principal office is in Fort Worth, TX, according to its Form ADV.

**Is Phillips Ray Capital Management, Inc. registered with the SEC or a state?**
Phillips Ray Capital Management, Inc. is a state-registered investment advisory firm, registered since 2025. Status as filed: APPROVED. CRD 114408.

**How much does Phillips Ray Capital Management, Inc. manage?**
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).

**How have Phillips Ray Capital Management, Inc.'s assets and staff changed since 2022?**
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.

**What types of clients does Phillips Ray Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (92); individuals (other than high net worth individuals) (6).

**Does Phillips Ray Capital Management, Inc. report any disciplinary disclosures?**
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

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $57,578,238
- Discretionary: $55,419,880
- Non-discretionary: $2,158,358

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 6 | $1,409,579 |
| High net worth individuals | 92 | $56,168,659 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2025 (1 year)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- phillipsray.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $161,067,604 | 2 | March 10, 2022 |
| October 2023 | $111,643,626 | 1 | August 15, 2023 |
| October 2024 | $90,671,829 | 1 | March 13, 2024 |
| October 2025 | $59,464,991 | 1 | July 14, 2025 |
| October 2026 | $57,578,238 | 1 | March 16, 2026 |

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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Phillips Ray Capital Management, Inc. (CRD 114408): Form ADV filing data as of October 2026.