# Lees Monsour Group

> 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.

- CRD: 318023
- Filed as: LEES MONSOUR GROUP
- Legal name: LMG Wealth Partners, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Shreveport, LA
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/318023
- AdvisorCensus page: https://advisorcensus.com/firm/lees-monsour-group-shreveport-la-318023

## Quick answers

**How 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

### 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 February 10, 2026)

- Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)

> 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)

> 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)

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Raymond James & Associates, Inc.

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: $681,163,458
- Discretionary: $669,021,810
- Non-discretionary: $12,141,648

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 223 | $62,290,464 |
| High net worth individuals | 107 | $546,031,683 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $3,213,417 |
| Charitable organizations | 9 | $25,238,119 |
| Corporations or other businesses not listed above | 22 | $44,389,775 |

### 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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AR, LA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [leesmonsourgroup.com](https://leesmonsourgroup.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $412,018,033 | 4 | July 9, 2022 |
| October 2023 | $481,690,844 | 4 | February 23, 2023 |
| October 2024 | $514,334,619 | 4 | February 1, 2024 |
| October 2025 | $612,190,360 | 4 | May 5, 2025 |
| October 2026 | $681,163,458 | 4 | August 5, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lees Monsour Group (CRD 318023): Form ADV filing data as of October 2026.