# Lowery Thomas, LLC

> Lowery Thomas, LLC is an SEC-registered investment advisory firm in Pebble Beach, CA, registered since 2000, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 110058
- Filed as: LOWERY THOMAS, LLC
- Also doing business as: KENNETH G. CALA, CPA, MARK T. VICENCIO, CPA
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pebble Beach, CA
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110058
- AdvisorCensus page: https://advisorcensus.com/firm/lowery-thomas-llc-pebble-beach-ca-110058

## Quick answers

**How is Lowery Thomas, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Lowery Thomas, LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does Lowery Thomas, LLC charge?**
Its Form ADV Part 2A brochure dated March 12, 2026 states: Asset-based fee: 0.75% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Lowery Thomas, LLC located?**
Lowery Thomas, LLC's principal office is in Pebble Beach, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Lowery Thomas, LLC registered with the SEC or a state?**
Lowery Thomas, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 110058.

**How much does Lowery Thomas, LLC manage?**
Lowery Thomas, LLC reports $385,772,610 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (58% discretionary).

**How have Lowery Thomas, LLC's assets and staff changed since 2021?**
In the Form ADV data for Lowery Thomas, LLC: Regulatory assets under management: $245,512,734 in the October 2021 data and $385,772,610 in the October 2026 data, up 57%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lowery Thomas, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (97); individuals (other than high net worth individuals) (87).

**Which custodians does Lowery Thomas, LLC use?**
Lowery Thomas, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Lowery Thomas, 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/110058

**What changed in Lowery Thomas, 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 $341,058,349 to $385,772,610 (+13%). Changed its office addresses in Walnut Creek, CA.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 12, 2026)

- Asset-based fee: 0.75% to 1.5% a year (a range, as the brochure states it)

> Wealth management fees range from 0.75% to 1.50% annual 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.

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.

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: $385,772,610
- Discretionary: $224,897,361
- Non-discretionary: $160,875,249

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 87 | $30,758,788 |
| High net worth individuals | 97 | $349,999,059 |
| Corporations or other businesses not listed above | Fewer than 5 | $5,014,763 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2000 (25 years)
- Employees: 6 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Alameda, CA
- Walnut Creek, CA

### Websites listed on Form ADV (Item 1.I)
- lowerythomas.com
- Facebook @Lowery-Thomas-LLC-133720373705385
- LinkedIn @lowery-thomas-llc
- X @LoweryThomasLLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $245,512,734 | 5 | March 30, 2021 |
| October 2022 | $313,879,559 | 5 | March 18, 2022 |
| October 2023 | $262,840,250 | 6 | March 6, 2023 |
| October 2024 | $289,243,707 | 6 | March 13, 2024 |
| October 2025 | $341,058,349 | 6 | March 11, 2025 |
| October 2026 | $385,772,610 | 6 | March 12, 2026 |

Regulatory assets under management: $245,512,734 in the October 2021 data and $385,772,610 in the October 2026 data, up 57%.
Total employees: 5 in October 2021 and 6 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 $341,058,349 to $385,772,610 (+13%).
- Changed its office addresses in Walnut Creek, CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lowery Thomas, LLC (CRD 110058): Form ADV filing data as of October 2026.