SEC Form ADV, by state
The largest investment adviser firms in Texas
The current SEC Form ADV data lists 1,291 investment adviser firms headquartered in Texas, of which 98 (7.6%) answered yes to at least one disciplinary or legal question on Form ADV Item 11. Below are the 50 largest by regulatory assets under management, a gross size measure each firm reports itself. Size is not a quality score, and no public record reports any firm's investment returns.
| Firm | City | Regulatory AUM | Fee methods | Item 11 disclosure |
|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LP | AUSTIN | $1.0T | % of AUMperformance | yes, reported |
| FISHER INVESTMENTS | PLANO | $387B | % of AUMperformance | none reported |
| VICTORY CAPITAL MANAGEMENT INC. | SAN ANTONIO | $283B | % of AUMfixedperformance | none reported |
| TPG GLOBAL ADVISORS, LLC | FORT WORTH | $174B | % of AUMother | none reported |
| NB ALTERNATIVES ADVISERS LLC | DALLAS | $160B | % of AUMfixedperformance | yes, reported |
| TPG CAPITAL ADVISORS, LLC | FORT WORTH | $141B | % of AUMother | yes, reported |
| SIXTH STREET ADVISERS, LLC | DALLAS | $102B | % of AUMperformanceother | yes, reported |
| KESTRA ADVISORY SERVICES, LLC | AUSTIN | $80B | % of AUMhourlyfixed | yes, reported |
| ALM FIRST FINANCIAL ADVISORS LLC | DALLAS | $76B | % of AUMfixed | none reported |
| AMERICAN BEACON ADVISORS, INC. | IRVING | $60B | % of AUM | none reported |
| BARROW HANLEY GLOBAL INVESTORS | DALLAS | $59B | % of AUMperformance | none reported |
| CATALYST STRATEGIC SOLUTIONS | PLANO | $52B | % of AUMfixed | none reported |
| JASPER RIDGE PARTNERS, L.P. | FORT WORTH | $43B | % of AUMfixedperformanceother | none reported |
| SALI FUND SERVICES | AUSTIN | $42B | % of AUMhourlyfixedperformance | none reported |
| HILLTOP SECURITIES ASSET MANAGEMENT, LLC | DALLAS | $38B | % of AUMhourlyfixedother | yes, reported |
| HUDSON ADVISORS | DALLAS | $36B | other | yes, reported |
| GUIDESTONE CAPITAL MANAGEMENT | DALLAS | $36B | % of AUM | none reported |
| LONE STAR FUNDS | DALLAS | $36B | other | yes, reported |
| HBK CAPITAL MANAGEMENT | DALLAS | $36B | % of AUMperformance | none reported |
| FAYEZ SAROFIM & CO. | HOUSTON | $35B | % of AUM | none reported |
| KAYNE ANDERSON CAPITAL ADVISORS, L.P. | HOUSTON | $34B | % of AUMfixedperformance | none reported |
| THE VARIABLE ANNUITY LIFE INSURANCE COMPANY | HOUSTON | $33B | % of AUM | yes, reported |
| LUTHER KING CAPITAL MANAGEMENT CORPORATION | FORT WORTH | $32B | % of AUMfixedperformance | none reported |
| AFFINIUS CAPITAL LLC | SAN ANTONIO | $31B | % of AUMperformanceother | none reported |
| VALIC FINANCIAL ADVISORS, INC. | HOUSTON | $29B | % of AUMhourlyfixed | yes, reported |
| QUANTUM CAPITAL GROUP | HOUSTON | $29B | % of AUMperformance | none reported |
| SAGE ADVISORY SERVICES LTD CO | AUSTIN | $28B | % of AUMfixed | none reported |
| THE PALISADES GROUP, LLC | AUSTIN | $28B | % of AUMperformanceother | none reported |
| GARCIA HAMILTON & ASSOCIATES LP | HOUSTON | $25B | % of AUMperformance | none reported |
| UNITED CAPITAL FINANCIAL ADVISORS | IRVING | $25B | % of AUMhourlyfixed | yes, reported |
| FIRST COMMAND ADVISORY SERVICES | FORT WORTH | $24B | % of AUMfixed | yes, reported |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | AUSTIN | $24B | % of AUMhourlyfixed | none reported |
| CRESTLINE MANAGEMENT, L.P. | FORT WORTH | $23B | % of AUMperformanceother | none reported |
| TRINITAS CAPITAL MANAGEMENT | DALLAS | $20B | % of AUMperformance | none reported |
| RCP ADVISORS 2, LLC | DALLAS | $18B | % of AUMfixedperformanceother | none reported |
| TPG REAL ESTATE ADVISORS, LLC | FORT WORTH | $17B | % of AUMother | none reported |
| MAVERICK CAPITAL LTD | DALLAS | $16B | % of AUMperformance | none reported |
| CROW HOLDINGS CAPITAL | DALLAS | $14B | % of AUMperformance | none reported |
| KESTRA PRIVATE WEALTH SERVICES, LLC | AUSTIN | $13B | % of AUMhourlyfixed | yes, reported |
| EIGHT PARTNERS VC, LLC | AUSTIN | $13B | % of AUMperformance | none reported |
| SAROFIM TRUST CO | HOUSTON | $13B | % of AUM | none reported |
| WESTWOOD MANAGEMENT CORP | DALLAS | $12B | % of AUMperformance | none reported |
| PROSPERA FINANCIAL SERVICES, INC. | DALLAS | $12B | % of AUMhourlyfixedperformancecommissionsother | yes, reported |
| OASIS CAPITAL PARTNERS (TEXAS) INC. | AUSTIN | $12B | % of AUMperformanceother | none reported |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | HOUSTON | $12B | % of AUMperformance | yes, reported |
| THE ENERGY & MINERALS GROUP LP | HOUSTON | $12B | % of AUMperformance | none reported |
| CANYON CAPITAL ADVISORS LLC | DALLAS | $12B | % of AUMperformance | none reported |
| CANYON CLO ADVISORS LP | DALLAS | $12B | % of AUMperformance | none reported |
| HUB INVESTMENT PARTNERS, LLC | AUSTIN | $12B | % of AUMhourlyfixed | none reported |
| YACKTMAN ASSET MANAGEMENT LP | AUSTIN | $12B | % of AUMperformance | none reported |
Source: SEC Form ADV monthly data, firms reporting a Texasheadquarters address. Fee-method chips are the compensation arrangements each firm checked on Item 5.E; the disclosure column is the firm's own answer to Item 11. Click through to any firm for the full record and a link to its SEC detail page.
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