{
  "crd_number": 117499,
  "slug": "fpl-capital-management-llc-metairie-la-117499",
  "primary_business_name": "FPL CAPITAL MANAGEMENT, LLC",
  "legal_name": "FPL CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Metairie",
  "state": "LA",
  "country": "United States",
  "cbsa_code": "35380",
  "metro": {
    "cbsa_code": "35380",
    "common_name": "New Orleans",
    "msa_name": "New Orleans-Metairie, LA",
    "path": "/advisors/la/new-orleans"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-01-02",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-01-15",
  "carried_forward": false,
  "raum_total": 1082665992.0,
  "raum_discretionary": 789326121.0,
  "raum_non_discretionary": 293339871.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 18790558.0,
      "count": 89
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 231401159.0,
      "count": 56
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 823270819.0,
      "count": 179
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 9203456.0,
      "count": null,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IL",
    "KY",
    "LA",
    "MA",
    "MO",
    "NC",
    "PA",
    "TX",
    "UT"
  ],
  "websites": [
    "https://facebook.com/pages/category/Business-Consultant/FPL-Capital-Management-159728070632035",
    "https://fplcm.com",
    "https://linkedin.com/company/fpl-capital-management",
    "https://twitter.com/fplcapital?lang=en"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/117499",
  "city_as_filed": "METAIRIE",
  "url": "https://advisorcensus.com/firm/fpl-capital-management-llc-metairie-la-117499",
  "display_name": "FPL Capital Management, LLC",
  "summary": "FPL Capital Management, LLC is an SEC-registered investment advisory firm in Metairie, LA, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated January 15, 2026.",
  "citation": "AdvisorCensus. FPL Capital Management, LLC (CRD 117499): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is FPL Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), FPL Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is FPL Capital Management, LLC located?",
      "a": "FPL Capital Management, LLC's principal office is in Metairie, LA, according to its Form ADV."
    },
    {
      "q": "Is FPL Capital Management, LLC registered with the SEC or a state?",
      "a": "FPL Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 117499."
    },
    {
      "q": "How much does FPL Capital Management, LLC manage?",
      "a": "FPL Capital Management, LLC reports $1,082,665,992 in regulatory assets under management in its Form ADV filing dated January 15, 2026 (73% discretionary)."
    },
    {
      "q": "How have FPL Capital Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for FPL Capital Management, LLC: Regulatory assets under management: $594,079,484 in the October 2021 data and $1,082,665,992 in the October 2026 data, up 82%. Total employees: 3 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does FPL Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (179); individuals (other than high net worth individuals) (89); pension and profit sharing plans (but not the plan participants or government pension plans) (56)."
    },
    {
      "q": "Which custodians does FPL Capital Management, LLC use?",
      "a": "FPL Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does FPL Capital 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/117499"
    },
    {
      "q": "Does FPL Capital Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated January 15, 2026 says: \"Our minimum account size is $500,000. The client may aggregate household accounts to satisfy the required minimum. In some instances, we may reduce or waive the minimum for certain clients.\""
    },
    {
      "q": "What changed in FPL Capital Management, LLC's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $885,155,184 to $1,082,665,992 (+22%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 594079484.0,
      "total_employees": 3,
      "filing_date": "2021-01-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 582055320.0,
      "total_employees": 3,
      "filing_date": "2022-07-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 562959408.0,
      "total_employees": 3,
      "filing_date": "2023-02-09"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 669114876.0,
      "total_employees": 3,
      "filing_date": "2024-01-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 885155184.0,
      "total_employees": 3,
      "filing_date": "2025-01-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1082665992.0,
      "total_employees": 5,
      "filing_date": "2026-01-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $885,155,184 to $1,082,665,992 (+22%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 15, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Our minimum account size is $500,000. The client may aggregate household accounts to satisfy the required minimum. In some instances, we may reduce or waive the minimum for certain clients."
        ]
      }
    ],
    "quotes": [
      "Our minimum account size is $500,000. The client may aggregate household accounts to satisfy the required minimum. In some instances, we may reduce or waive the minimum for certain clients."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/fpl-capital-management-llc-metairie-la-117499.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 89,
      "fewer_than_5": false,
      "raum": 18790558.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 179,
      "fewer_than_5": false,
      "raum": 823270819.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 56,
      "fewer_than_5": false,
      "raum": 231401159.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 9203456.0
    }
  ],
  "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/117499",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}