Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total AUM
Total Accounts
10Y AUM Change
Private Funds
Private funds reported by Howard Financial Services, Ltd..
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Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees
Clients per Employee
10Y Employee Change
Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.
Ownership
Reported direct and indirect ownership ranges
Each range applies to a separate reported relationship and should not be added together.
Reported ownership ranges
Highlighted bands show the percentage range reported in Form ADV.
0%25%50%75%100%
THE THOMAS 1991 IRREVOCABLE TRUST, JOHN HOWARD, TRUSTEEDirect owner · Schedule AInterest in HOWARD FINANCIAL SERVICES, LTD.
25% to < 50%
THE JAMES 1991 IRREVOCABLE TRUST, STEPHEN HOWARD, TRUSTEEDirect owner · Schedule AInterest in HOWARD FINANCIAL SERVICES, LTD.
25% to < 50%
APACHE ACQUISITIONS, LTD.Direct owner · Schedule AInterest in HOWARD FINANCIAL SERVICES, LTD.
10% to < 25%
LISA SMILEY P.C.Direct owner · Schedule AInterest in HOWARD FINANCIAL SERVICES, LTD.
10% to < 25%
FOUNTAINHEAD WEALTH, LPDirect owner · Schedule AInterest in HOWARD FINANCIAL SERVICES, LTD.
10% to < 25%
GV LIMESTONE, LPDirect owner · Schedule AInterest in HOWARD FINANCIAL SERVICES, LTD.
5% to < 10%
HOWARD FINANCIAL, INC.Direct owner · Schedule AInterest in HOWARD FINANCIAL SERVICES, LTD.
< 5%
JAMES N HOWARDIndirect owner · Schedule BInterest in HOWARD FINANCIAL, INC.
75%+
LISA SMILEY REVOCABLE TRUSTIndirect owner · Schedule BInterest in LISA SMILEY P.C.
75%+
DEREK DANIEL CHILDSIndirect owner · Schedule BInterest in APACHE ACQUISITIONS, LTD.
50% to < 75%
RANDALL WYATT HORTONIndirect owner · Schedule BInterest in FOUNTAINHEAD WEALTH, LP
25% to < 50%
WILLIAM LOYD GRAYIndirect owner · Schedule BInterest in GV LIMESTONE, LP
25% to < 50%
Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Howard Financial Services, Ltd...
Reported ownership and control details
Form ADV · Filing date 2026-08-12 · Schedules A and B
| # | Owner / person & role | Interest in entity | Reported interest | Control person | Title / status acquired | Source |
|---|---|---|---|---|---|---|
| 1 | JAMES N HOWARDCHAIRMANIndividual | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | CHAIRMAN01/1994 | Schedule APDF page 131 |
| 2 | JOHN T HOWARDMANAGING DIRECTORIndividual | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | MANAGING DIRECTOR04/2004 | Schedule APDF page 131 |
| 3 | HOWARD FINANCIAL, INC.GENERAL PARTNERDomestic entity | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | GENERAL PARTNER04/2004 | Schedule APDF page 131 |
| 4 | THE THOMAS 1991 IRREVOCABLE TRUST, JOHN HOWARD, TRUSTEELIMITED PARTNERDomestic entity | HOWARD FINANCIAL SERVICES, LTD. | 25% to less than 50%Code C | Yes | LIMITED PARTNER04/2004 | Schedule APDF page 131 |
| 5 | THE JAMES 1991 IRREVOCABLE TRUST, STEPHEN HOWARD, TRUSTEELIMITED PARTNERDomestic entity | HOWARD FINANCIAL SERVICES, LTD. | 25% to less than 50%Code C | Yes | LIMITED PARTNER04/2004 | Schedule APDF page 131 |
| 6 | STEPHEN JAMES HOWARDDIRECTOR OF PRIVATE INVESTMENTSIndividual | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | DIRECTOR OF PRIVATE INVESTMENTS10/2011 | Schedule APDF page 131 |
| 7 | APACHE ACQUISITIONS, LTD.LIMITED PARTNERDomestic entity | HOWARD FINANCIAL SERVICES, LTD. | 10% to less than 25%Code B | No | LIMITED PARTNER05/2009 | Schedule APDF page 131 |
| 8 | LISA SMILEY P.C.LIMITED PARTNERDomestic entity | HOWARD FINANCIAL SERVICES, LTD. | 10% to less than 25%Code B | No | LIMITED PARTNER03/2001 | Schedule APDF page 131 |
| 9 | DEREK DANIEL CHILDSDIRECTOR OF WEALTH MANAGEMENTIndividual | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | DIRECTOR OF WEALTH MANAGEMENT05/2009 | Schedule APDF page 131 |
| 10 | Lisa SmileyDIRECTOR OF FUND OPERATIONSIndividual | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | DIRECTOR OF FUND OPERATIONS03/2001 | Schedule APDF page 131 |
| 11 | RANDALL WYATT HORTONDIRECTOR OF PUBLIC INVESTMENTSIndividual | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | DIRECTOR OF PUBLIC INVESTMENTS04/2013 | Schedule APDF page 131 |
| 12 | FOUNTAINHEAD WEALTH, LPLIMITED PARTNERDomestic entity | HOWARD FINANCIAL SERVICES, LTD. | 10% to less than 25%Code B | No | LIMITED PARTNER04/2013 | Schedule APDF page 131 |
| 13 | GV LIMESTONE, LPLIMITED PARTNERDomestic entity | HOWARD FINANCIAL SERVICES, LTD. | 5% to less than 10%Code A | No | LIMITED PARTNER01/2013 | Schedule APDF page 131 |
| 14 | ROBERT JASON POSTCHIEF COMPLIANCE OFFICERIndividual | HOWARD FINANCIAL SERVICES, LTD. | Less than 5%Code NA | Yes | CHIEF COMPLIANCE OFFICER07/2026 | Schedule APDF page 131 |
| 15 | JAMES N HOWARDSHAREHOLDERIndividual | HOWARD FINANCIAL, INC. | 75% or moreCode E | Yes | SHAREHOLDER04/2004 | Schedule BPDF page 131 |
| 16 | JOHN T HOWARDTRUSTEEIndividual | THE THOMAS 1991 IRREVOCABLE TRUST, JOHN HOWARD, TRUSTEE | Percentage not specifiedCode F | Yes | TRUSTEE04/2004 | Schedule BPDF page 131 |
| 17 | STEPHEN JAMES HOWARDTRUSTEEIndividual | THE JAMES 1991 IRREVOCABLE TRUST, STEPHEN HOWARD, TRUSTEE | Percentage not specifiedCode F | Yes | TRUSTEE10/2011 | Schedule BPDF page 132 |
| 18 | DEREK DANIEL CHILDSMEMBERIndividual | APACHE ACQUISITIONS, LTD. | 50% to less than 75%Code D | Yes | MEMBER05/2009 | Schedule BPDF page 132 |
| 19 | LISA SMILEY REVOCABLE TRUSTSHAREHOLDERDomestic entity | LISA SMILEY P.C. | 75% or moreCode E | Yes | SHAREHOLDER03/2001 | Schedule BPDF page 132 |
| 20 | Lisa SmileyTRUSTEEIndividual | LISA SMILEY REVOCABLE TRUST | Percentage not specifiedCode F | Yes | TRUSTEE03/2001 | Schedule BPDF page 132 |
| 21 | RANDALL WYATT HORTONLIMITED PARTNERIndividual | FOUNTAINHEAD WEALTH, LP | 25% to less than 50%Code C | No | LIMITED PARTNER04/2013 | Schedule BPDF page 132 |
| 22 | FOUNTAINHEAD LIMITED GP, LLCGENERAL PARTNERDomestic entity | FOUNTAINHEAD WEALTH, LP | Percentage not specifiedCode F | Yes | GENERAL PARTNER04/2013 | Schedule BPDF page 132 |
| 23 | RANDALL WYATT HORTONMANAGERIndividual | FOUNTAINHEAD LIMITED GP, LLC | Percentage not specifiedCode F | Yes | MANAGER04/2013 | Schedule BPDF page 132 |
| 24 | WILLIAM LOYD GRAYLIMITED PARTNERIndividual | GV LIMESTONE, LP | 25% to less than 50%Code C | No | LIMITED PARTNER01/2013 | Schedule BPDF page 132 |
| 25 | GV WRANGLER, LLCGENERAL PARTNERDomestic entity | GV LIMESTONE, LP | Percentage not specifiedCode F | Yes | GENERAL PARTNER01/2013 | Schedule BPDF page 132 |
| 26 | WILLIAM LOYD GRAYMANAGERIndividual | GV WRANGLER, LLC | Percentage not specifiedCode F | Yes | MANAGER01/2013 | Schedule BPDF page 132 |
Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.
Compliance & Disclosures
Filing dated 8/12/2026 9:38:01 AM
Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.
RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No
In the past ten years, have you or any advisory affiliate:
- A1Been convicted of or pleaded guilty or no contest to a felony?No
- A2Been charged with a felony?No
BMisdemeanors2 No
In the past ten years, have you or any advisory affiliate:
- B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
- B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No
Has the SEC or CFTC ever:
- C1Found you or an advisory affiliate made a false statement or omission?No
- C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
- C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
- C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No
Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:
- D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
- D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
- D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
- D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No
Has a self-regulatory organization or commodities exchange ever:
- E1Found you or an advisory affiliate made a false statement or omission?No
- E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
- E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
- FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
- GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No
(1) Court actions
Has a domestic or foreign court:
- H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
- H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
- H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No
(2) Pending civil proceedings
- H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.