# ESP Investment Advisors LLC

> ESP Investment Advisors LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 298553
- Filed as: ESP INVESTMENT ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298553
- AdvisorCensus page: https://advisorcensus.com/firm/esp-investment-advisors-llc-dallas-tx-298553

## Quick answers

**How is ESP Investment Advisors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), ESP Investment Advisors LLC 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 ESP Investment Advisors LLC located?**
ESP Investment Advisors LLC's principal office is in Dallas, TX, according to its Form ADV.

**Is ESP Investment Advisors LLC registered with the SEC or a state?**
ESP Investment Advisors LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 298553.

**How much does ESP Investment Advisors LLC manage?**
ESP Investment Advisors LLC reports $1,040,678,006 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have ESP Investment Advisors LLC's assets and staff changed since 2021?**
In the Form ADV data for ESP Investment Advisors LLC: Regulatory assets under management: $1,903,152,338 in the October 2021 data and $1,040,678,006 in the October 2026 data, down 45%. Total employees: 18 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does ESP Investment Advisors LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does ESP Investment Advisors LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298553

**What changed in ESP Investment Advisors LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 11 to 9. Regulatory assets under management went from $1,607,019,160 to $1,040,678,006 (-35%).

## 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: $1,040,678,006
- Discretionary: $1,040,678,006
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $1,040,678,006 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2019 (6 years)
- Employees: 16 total, 9 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)
- energyspectrum.com
- LinkedIn @energy-spectrum-capital
- X @energyspectrum

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,903,152,338 | 18 | March 26, 2021 |
| October 2022 | $2,204,778,698 | 19 | March 30, 2022 |
| October 2023 | $1,868,191,117 | 19 | March 29, 2023 |
| October 2024 | $1,886,551,967 | 19 | March 27, 2024 |
| October 2025 | $1,607,019,160 | 18 | March 28, 2025 |
| October 2026 | $1,040,678,006 | 16 | March 26, 2026 |

Regulatory assets under management: $1,903,152,338 in the October 2021 data and $1,040,678,006 in the October 2026 data, down 45%.
Total employees: 18 in October 2021 and 16 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 11 to 9.
- Regulatory assets under management went from $1,607,019,160 to $1,040,678,006 (-35%).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. ESP Investment Advisors LLC (CRD 298553): Form ADV filing data as of October 2026.