{
  "crd_number": 332788,
  "slug": "flagship-investment-management-llc-houston-tx-332788",
  "primary_business_name": "FLAGSHIP INVESTMENT MANAGEMENT LLC",
  "legal_name": "FLAGSHIP INVESTMENT MANAGEMENT LLC",
  "dbas": [
    "FLAGSHIP CAPITAL PARTNERS"
  ],
  "city": "Houston",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "26420",
  "metro": {
    "cbsa_code": "26420",
    "common_name": "Houston",
    "msa_name": "Houston-Pasadena-The Woodlands, TX",
    "path": "/advisors/tx/houston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-11-15",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-04-14",
  "carried_forward": false,
  "raum_total": 140035784.0,
  "raum_discretionary": 140035784.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 12,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 140035784.0,
      "count": 4
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://flagshipco.com",
    "https://linkedin.com/company/flagshipcapitalpartners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/332788",
  "city_as_filed": "HOUSTON",
  "url": "https://advisorcensus.com/firm/flagship-investment-management-llc-houston-tx-332788",
  "display_name": "Flagship Investment Management LLC",
  "summary": "Flagship Investment Management LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 14, 2026.",
  "citation": "AdvisorCensus. Flagship Investment Management LLC (CRD 332788): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Flagship Investment Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Flagship Investment Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does Flagship Investment Management LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated April 14, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Flagship Investment Management LLC located?",
      "a": "Flagship Investment Management LLC's principal office is in Houston, TX, according to its Form ADV."
    },
    {
      "q": "Is Flagship Investment Management LLC registered with the SEC or a state?",
      "a": "Flagship Investment Management LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 332788."
    },
    {
      "q": "How much does Flagship Investment Management LLC manage?",
      "a": "Flagship Investment Management LLC reports $140,035,784 in regulatory assets under management in its Form ADV filing dated April 14, 2026 (100% discretionary)."
    },
    {
      "q": "How have Flagship Investment Management LLC's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Flagship Investment Management LLC: Regulatory assets under management: $157,637,981 in the October 2025 data and $140,035,784 in the October 2026 data, down 11%. Total employees: 11 in October 2025 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Flagship Investment Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Does Flagship Investment Management LLC report any disciplinary disclosures?",
      "a": "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/332788"
    },
    {
      "q": "What changed in Flagship Investment Management LLC's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $157,637,981 to $140,035,784 (-11%). Employees performing advisory functions went from 7 to 5. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 157637981.0,
      "total_employees": 11,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 140035784.0,
      "total_employees": 12,
      "filing_date": "2026-04-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $157,637,981 to $140,035,784 (-11%).",
        "Employees performing advisory functions went from 7 to 5.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 14, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.5% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The Management Fee is calculated monthly in arrears at an annual rate of up to 1.5%."
        ]
      }
    ],
    "quotes": [
      "The Management Fee is calculated monthly in arrears at an annual rate of up to 1.5%."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/flagship-investment-management-llc-houston-tx-332788.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 140035784.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/332788",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}