# FPL Capital Management, LLC

> 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.

- CRD: 117499
- Filed as: FPL CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Metairie, LA
- Filing period: October 2026
- Form ADV filing dated: January 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/117499
- AdvisorCensus page: https://advisorcensus.com/firm/fpl-capital-management-llc-metairie-la-117499

## Quick answers

**How is FPL Capital Management, LLC compensated?**
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).

**Where is FPL Capital Management, LLC located?**
FPL Capital Management, LLC's principal office is in Metairie, LA, according to its Form ADV.

**Is FPL Capital Management, LLC registered with the SEC or a state?**
FPL Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 117499.

**How much does FPL Capital Management, LLC manage?**
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).

**How have FPL Capital Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does FPL Capital Management, LLC serve?**
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).

**Which custodians does FPL Capital Management, LLC use?**
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.

**Does FPL Capital Management, 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/117499

**Does FPL Capital Management, LLC state an account minimum?**
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."

**What changed in FPL Capital Management, LLC's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $885,155,184 to $1,082,665,992 (+22%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated January 15, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Distributors Company LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,082,665,992
- Discretionary: $789,326,121
- Non-discretionary: $293,339,871

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 89 | $18,790,558 |
| High net worth individuals | 179 | $823,270,819 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 56 | $231,401,159 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $9,203,456 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2014 (12 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, IL, KY, LA, MA, MO, NC, PA, TX, UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fplcm.com
- Facebook @category
- LinkedIn @fpl-capital-management
- X @fplcapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $594,079,484 | 3 | January 19, 2021 |
| October 2022 | $582,055,320 | 3 | July 27, 2022 |
| October 2023 | $562,959,408 | 3 | February 9, 2023 |
| October 2024 | $669,114,876 | 3 | January 22, 2024 |
| October 2025 | $885,155,184 | 3 | January 14, 2025 |
| October 2026 | $1,082,665,992 | 5 | January 15, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $885,155,184 to $1,082,665,992 (+22%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FPL Capital Management, LLC (CRD 117499): Form ADV filing data as of October 2026.