# 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.

- CRD: 283521
- Filed as: LYELL WEALTH MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283521
- AdvisorCensus page: https://advisorcensus.com/firm/lyell-wealth-management-lp-menlo-park-ca-283521

## Quick answers

**How 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.

**How much does Lyell Wealth Management LP charge?**
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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- 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

> 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 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: $1,647,084,758
- Discretionary: $1,647,084,758
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 54 | $20,448,282 |
| High net worth individuals | 249 | $1,598,818,580 |
| Charitable organizations | 3 | $24,614,606 |
| Corporations or other businesses not listed above | 1 | $3,203,290 |

### 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

### Firm details
- Registered since: 2016 (10 years)
- Employees: 11 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, FL, ID, NC, NJ, NY, OR, TX, VT, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [lyellwealth.com](https://lyellwealth.com)
- LinkedIn @lyell-wealth-management-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $785,663,753 | 8 | March 16, 2021 |
| October 2022 | $1,073,757,090 | 10 | March 15, 2022 |
| October 2023 | $862,925,973 | 11 | March 27, 2023 |
| October 2024 | $1,094,270,250 | 11 | March 8, 2024 |
| October 2025 | $1,336,564,237 | 11 | March 6, 2025 |
| October 2026 | $1,647,084,758 | 11 | March 27, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lyell Wealth Management LP (CRD 283521): Form ADV filing data as of October 2026.