# 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.

- CRD: 158283
- Filed as: LONE STAR INVESTMENT ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158283
- AdvisorCensus page: https://advisorcensus.com/firm/lone-star-investment-advisors-llc-dallas-tx-158283

## Quick answers

**How 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.

**How much does Lone Star Investment Advisors, LLC charge?**
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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 2% of assets a year

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

### Regulatory assets under management (Item 5.F)
- Total: $119,907,066
- Discretionary: $119,907,066
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| 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) | 3 | $119,907,066 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lonestarinvestmentadvisors.com
- LinkedIn @LONE-STAR-INVESTMENT-ADVISORS-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $320,752,319 | 5 | May 4, 2021 |
| October 2022 | $318,799,128 | 5 | June 6, 2022 |
| October 2023 | $265,967,869 | 5 | March 31, 2023 |
| October 2024 | $309,024,524 | 5 | May 9, 2024 |
| October 2025 | $256,471,140 | 5 | March 31, 2025 |
| October 2026 | $119,907,066 | 4 | March 30, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lone Star Investment Advisors, LLC (CRD 158283): Form ADV filing data as of October 2026.