PENN DAVIS MCFARLAND INC

Advisory Business

Type of Organization	Corporation
Fiscal Year End	JANUARY
Legal Location	Texas, United States

Employees

Total Number of Employees	9
Investment Advisory/Research	3
Registered Broker-Dealer Representatives	0
Registered State Investment Advisers	0
Licensed Agents of an Insurance Company	0
No. of Firms/People that Solicit Clients	0

RAUM

Provides Management of Securities Portfolios	Yes

Type	Accounts	RAUM
Discretionary	246	$838.4M
Non-Discretionary	1	$4.8M
Total	247	$843.2M

Clients

Type	Number	RAUM
Individuals	27	$13.8M
HNW Individuals	101	$807.8M
Banking or thrift institutions	0	$0
Investment companies	0	$0
Business development companies	0	$0
Pooled investment vehicles	0	$0
Pension and profit sharing plans	0	$0
Charitable organizations	<5	$21.7M
State or municipal gov entities	0	$0
Other investment advisers	0	$0
Insurance companies	0	$0
Sovereign wealth funds and foreign official institutions	0	$0
Corporations or other businesses	0	$0
Other	0	$0

Type	Number
No. of Non-RAUM Clients	0
No. of Non-U.S. Clients	0
No. of Financial Planning Clients	1-10

Services

Advisory Services	Financial planningPortfolio management for individuals and/or small businessesWEALTH MANAGEMENT
Compensation	% of AUM

Identifiers

SEC RIA File Number	801-13038
SEC ERA File Number	801-13038
SEC CIK Numbers	1108893
SEC CRD Numbers	110417
Legal Entity Identifier	None

Principal Office

2626 COLE AVE STE 504
DALLAS
TX
United States

Websites

Chief Compliance Officer

No. Employees, Historic

RAUM, Historic

No. Clients, Historic