AdvisorCensus / Financial advisors / Louisiana / Shreveport / Lees Monsour Group
Lees Monsour Group
Filed as LEES MONSOUR GROUP · Legal name LMG Wealth Partners, LLC
Lees Monsour Group is an SEC-registered investment advisory firm in Shreveport, LA, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 5, 2026.
Quick answers
From the filingHow is Lees Monsour Group compensated?
On its Form ADV (Item 5.E, October 2026), Lees Monsour Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
How much does Lees Monsour Group charge?
Its Form ADV Part 2A brochure dated February 10, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it); Hourly rate: $300 an hour (financial planning services or other advisory services). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Lees Monsour Group located?
Lees Monsour Group's principal office is in Shreveport, LA, according to its Form ADV.
Is Lees Monsour Group registered with the SEC or a state?
Lees Monsour Group is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 318023.
How much does Lees Monsour Group manage?
Lees Monsour Group reports $681,163,458 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (98% discretionary).
How have Lees Monsour Group's assets and staff changed since 2022?
In the Form ADV data for Lees Monsour Group: Regulatory assets under management: $412,018,033 in the October 2022 data and $681,163,458 in the October 2026 data, up 65%. Total employees: 4 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Lees Monsour Group serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (223); high net worth individuals (107); corporations or other businesses not listed above (22).
Which custodians does Lees Monsour Group use?
Lees Monsour Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Lees Monsour Group 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/318023
Does Lees Monsour Group state an account minimum?
Its Form ADV Part 2A brochure dated February 10, 2026 says: "Lees Monsour Group generally requires a minimum relationship size of $500,000, which may be reduced at is sole discretion."
What changed in Lees Monsour Group's recent Form ADV filings?
In the August 2026 filing data: Registered or notice-filed in AR.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)
The brochure's wording
Fees range from 0.50% to 1.50% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.
Account minimum: $500,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Lees Monsour Group generally requires a minimum relationship size of $500,000, which may be reduced at is sole discretion.
Hourly rate: $300 an hour (financial planning services or other advisory services)
The brochure's wording
Lees Monsour Group offers financial planning services or other advisory services either on an hourly basis or a fixed engagement fee. Hourly fees range up to $ 300 per hour.
As stated in the firm's Form ADV Part 2A brochure dated February 10, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$681,163,458 as of October 2026, filing dated August 5, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Legal name
- LMG Wealth Partners, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
4 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $681,163,458 | 4 | August 5, 2026 |
| October 2025 | $612,190,360 | 4 | May 5, 2025 |
| October 2024 | $514,334,619 | 4 | February 1, 2024 |
| October 2023 | $481,690,844 | 4 | February 23, 2023 |
| October 2022 | $412,018,033 | 4 | July 9, 2022 |
Regulatory assets under management: $412,018,033 in the October 2022 data and $681,163,458 in the October 2026 data, up 65%.
Total employees: 4 in October 2022 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Registered or notice-filed in AR.
- July 2026
- Registered or notice-filed in AK.
- March 2026
- Regulatory assets under management went from $612,190,360 to $681,163,458 (+11%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Lees Monsour Group (CRD 318023): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/lees-monsour-group-shreveport-la-318023