AdvisorCensus / Financial advisors / California / San Francisco / Lyell Wealth Management LP
Lyell Wealth Management LP is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.
Quick answers
From the filingHow is Lyell Wealth Management LP compensated?
On its Form ADV (Item 5.E, October 2026), Lyell Wealth Management LP reports these compensation arrangements: a percentage of assets under its management.
What does Lyell Wealth Management LP's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 27, 2026 states: Up to $2,000,000: 1% a year; $2,000,000 to $5,000,000: 0.75% a year; $5,000,000 to $10,000,000: 0.5% a year; Above $10,000,000: 0.25% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Lyell Wealth Management LP located?
Lyell Wealth Management LP's principal office is in Menlo Park, CA, according to its Form ADV.
Is Lyell Wealth Management LP registered with the SEC or a state?
Lyell Wealth Management LP is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 283521.
How much does Lyell Wealth Management LP manage?
Lyell Wealth Management LP reports $1,647,084,758 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).
How have Lyell Wealth Management LP's assets and staff changed since 2021?
In the Form ADV data for Lyell Wealth Management LP: Regulatory assets under management: $785,663,753 in the October 2021 data and $1,647,084,758 in the October 2026 data, up 110%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Lyell Wealth Management LP serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (249); individuals (other than high net worth individuals) (54); charitable organizations (3).
Which custodians does Lyell Wealth Management LP use?
Lyell Wealth Management LP'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 Lyell Wealth Management LP 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/283521
What changed in Lyell Wealth Management LP's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $1,336,564,237 to $1,647,084,758 (+23%). Registered or notice-filed in NJ.
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
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 2A| Assets | Annual rate |
|---|---|
| Up to $2,000,000 | 1% |
| $2,000,000 to $5,000,000 | 0.75% |
| $5,000,000 to $10,000,000 | 0.5% |
| Above $10,000,000 | 0.25% |
The brochure's wording
Clients will pay Lyell a quarterly asset-based management fee (the “Management Fee”) equal to a percentage of the Client’s assets under management with the Firm.
On the first $2 million 1.0% On the next $3mm 0.75% On the next $5mm 0.50% Over $10mm 0.25%
As stated in the firm's Form ADV Part 2A brochure dated March 27, 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$1,647,084,758 as of October 2026, filing dated March 27, 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
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
- Other
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2016 (10 years)
- Employees
- Total: 11. Performing investment advisory functions: 9.
- 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
-
11 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 | $1,647,084,758 | 11 | March 27, 2026 |
| October 2025 | $1,336,564,237 | 11 | March 6, 2025 |
| October 2024 | $1,094,270,250 | 11 | March 8, 2024 |
| October 2023 | $862,925,973 | 11 | March 27, 2023 |
| October 2022 | $1,073,757,090 | 10 | March 15, 2022 |
| October 2021 | $785,663,753 | 8 | March 16, 2021 |
Regulatory assets under management: $785,663,753 in the October 2021 data and $1,647,084,758 in the October 2026 data, up 110%.
Total employees: 8 in October 2021 and 11 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
- Regulatory assets under management went from $1,336,564,237 to $1,647,084,758 (+23%).
- Registered or notice-filed in NJ.
- January 2026
- No longer registered or notice-filed in NJ.
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. Lyell Wealth Management LP (CRD 283521): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/lyell-wealth-management-lp-menlo-park-ca-283521