AdvisorCensus / Financial advisors / Texas / Dallas / Lone Star Investment Advisors, LLC
Lone Star Investment Advisors, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Lone Star Investment Advisors, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Lone Star Investment Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Lone Star Investment Advisors, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Lone Star Investment Advisors, LLC located?
Lone Star Investment Advisors, LLC's principal office is in Dallas, TX, according to its Form ADV.
Is Lone Star Investment Advisors, LLC registered with the SEC or a state?
Lone Star Investment Advisors, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158283.
How much does Lone Star Investment Advisors, LLC manage?
Lone Star Investment Advisors, LLC reports $119,907,066 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have Lone Star Investment Advisors, LLC's assets and staff changed since 2021?
In the Form ADV data for Lone Star Investment Advisors, LLC: Regulatory assets under management: $320,752,319 in the October 2021 data and $119,907,066 in the October 2026 data, down 63%. Total employees: 5 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Lone Star Investment Advisors, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).
Does Lone Star Investment Advisors, 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/158283
Does Lone Star Investment Advisors, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 30, 2026 says: "The minimum initial investment for the Funds is one million dollars ($1,000,000), though lesser amounts may be accepted at the sole discretion of the respective Fund’s general partner."
What changed in Lone Star Investment Advisors, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 4 to 3. Regulatory assets under management went from $256,471,140 to $119,907,066 (-53%).
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
- Performance-based 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: 2% of assets a year
The brochure's wording
For its services to the Funds, the Adviser generally receives a management fee at an annual rate of 2% of capital commitments, or the amount an investor has agreed to invest with the Fund.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum initial investment for the Funds is one million dollars ($1,000,000), though lesser amounts may be accepted at the sole discretion of the respective Fund’s general partner.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 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$119,907,066 as of October 2026, filing dated March 30, 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- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (14 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- States registered or notice-filed
- Not reported.
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 | $119,907,066 | 4 | March 30, 2026 |
| October 2025 | $256,471,140 | 5 | March 31, 2025 |
| October 2024 | $309,024,524 | 5 | May 9, 2024 |
| October 2023 | $265,967,869 | 5 | March 31, 2023 |
| October 2022 | $318,799,128 | 5 | June 6, 2022 |
| October 2021 | $320,752,319 | 5 | May 4, 2021 |
Regulatory assets under management: $320,752,319 in the October 2021 data and $119,907,066 in the October 2026 data, down 63%.
Total employees: 5 in October 2021 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- April 2026
- Employees performing advisory functions went from 4 to 3.
- Regulatory assets under management went from $256,471,140 to $119,907,066 (-53%).
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. Lone Star Investment Advisors, LLC (CRD 158283): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/lone-star-investment-advisors-llc-dallas-tx-158283