Lbj Family Wealth Advisors, Ltd. (Austin)

Name: Lbj Family Wealth Advisors, Ltd.
Address: 3800 North Lamar, Austin, TX, 78756
Telephone: 512-457-5000

Lbj Family Wealth Advisors, Ltd. is a large advisory firm based in Austin. It manages $280.97 million of regulatory assets for 68 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Texas.

Lbj Family Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lbj Family Wealth Advisors: assets under management

The assets under management (AUM) of Lbj Family Wealth Advisors, Ltd. is $280.97 million. The firm's AUM has grown by 216% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $275.71 million in discretionary accounts and $5.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.26 million.

Lbj Family Wealth Advisors has custody of $280.96 million in cash and securities for 88 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 35% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lbj Family Wealth Advisors, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lbj Family Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and state or municipal government entities. The largest group of clients of Lbj Family Wealth Advisors is high net worth individuals with 40 clients and $223.95 million of assets under management. Among the 9 most similar advisory firms, Lbj Family Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $280.97 million for 88 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lbj Family Wealth Advisors also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $1,000,000.

Careers at Lbj Family Wealth Advisors, Ltd.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lbj Asset Management General Partner Llc	Co-owner/ general partner	1 Sep 2003	Other	20-0313130
Luci Baines Johnson	Co-owner	1 Oct 2003	50% - 75%	4963358
Ian Johnstone Turpin	Co-owner / manager / president	1 Oct 2003	25% - 50%	4963360
Willyn Cobb Wahl	Vice president	1 Oct 2003	Other	4963366
John Austin Welborn	Vice president / cfo / chief compliance officer	1 Oct 2003	Other	4963403
Faith Creighton Vincent	Vice president	1 Oct 2003	Other	2684783
Faith Creighton Vincent	Vice president/ chief investment officer	1 Dec 2009	Other	2684783

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ian Johnstone Turpin	Member	1 Sep 2003	25% - 50%	4963360
Luci Baines Johnson	Member	1 Sep 2003	50% - 75%	4963358

Based in Austin

The principal office where Lbj Family Wealth Advisors, Ltd. performs its advisory services is located at 3800 North Lamar, Austin, TX 78756, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-457-5000. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at lbjadvisors.com.