{
  "crd_number": 282103,
  "slug": "meristead-wealth-llc-westlake-tx-282103",
  "primary_business_name": "MERISTEAD WEALTH, LLC",
  "legal_name": "MERISTEAD WEALTH, LLC",
  "dbas": [
    "MERISTEAD ALTERNATIVES"
  ],
  "city": "Westlake",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2016-01-04",
  "years_registered": 10,
  "period": "2026-10-01",
  "filing_date": "2026-09-09",
  "carried_forward": false,
  "raum_total": 1291272483.0,
  "raum_discretionary": 1291272483.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 34,
  "advisory_employees": 14,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": null,
      "count": 0
    },
    "charitable": {
      "raum": 3155938.0,
      "count": 7
    },
    "individuals": {
      "raum": 244762542.0,
      "count": 396
    },
    "banking_thrift": {
      "raum": null,
      "count": 0
    },
    "state_municipal": {
      "raum": null,
      "count": 0
    },
    "insurance_companies": {
      "raum": null,
      "count": 0
    },
    "investment_companies": {
      "raum": null,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 14116832.0,
      "count": 11
    },
    "other_investment_advisers": {
      "raum": null,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 1027143424.0,
      "count": 579
    },
    "pooled_investment_vehicles": {
      "raum": null,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 2093747.0,
      "count": 3,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/10654485",
    "https://meristead.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282103",
  "city_as_filed": "WESTLAKE",
  "url": "https://advisorcensus.com/firm/meristead-wealth-llc-westlake-tx-282103",
  "display_name": "Meristead Wealth, LLC",
  "summary": "Meristead Wealth, LLC is an SEC-registered investment advisory firm in Westlake, TX, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 9, 2026.",
  "citation": "AdvisorCensus. Meristead Wealth, LLC (CRD 282103): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Meristead Wealth, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Meristead Wealth, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Meristead Wealth, LLC located?",
      "a": "Meristead Wealth, LLC's principal office is in Westlake, TX, according to its Form ADV; the October 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Meristead Wealth, LLC registered with the SEC or a state?",
      "a": "Meristead Wealth, LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 282103."
    },
    {
      "q": "How much does Meristead Wealth, LLC manage?",
      "a": "Meristead Wealth, LLC reports $1,291,272,483 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (100% discretionary)."
    },
    {
      "q": "How have Meristead Wealth, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Meristead Wealth, LLC: Regulatory assets under management: $529,779,637 in the October 2021 data and $1,291,272,483 in the October 2026 data, up 144%. Total employees: 15 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Meristead Wealth, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (579); individuals (other than high net worth individuals) (396); pension and profit sharing plans (but not the plan participants or government pension plans) (11)."
    },
    {
      "q": "Which custodians does Meristead Wealth, LLC use?",
      "a": "Meristead Wealth, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Meristead Wealth, LLC report any disciplinary disclosures?",
      "a": "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/282103"
    },
    {
      "q": "Does Meristead Wealth, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated June 3, 2026 says: \"SAM requires that a client invests a minimum of $500,000 to open an account. If the account size falls below the minimum requirement due to market fluctuations only, a client will not be required\""
    },
    {
      "q": "What changed in Meristead Wealth, LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: No longer lists the business name SAM Alternatives. Added the business name Meristead Alternatives. Changed its legal name from Stansberry Asset Management, LLC to Meristead Wealth, LLC. Employees performing advisory functions went from 13 to 14. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 529779637.0,
      "total_employees": 15,
      "filing_date": "2021-07-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 671467573.0,
      "total_employees": 22,
      "filing_date": "2022-08-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 677957556.0,
      "total_employees": 35,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 875527805.0,
      "total_employees": 36,
      "filing_date": "2024-06-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1049018025.0,
      "total_employees": 38,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1291272483.0,
      "total_employees": 34,
      "filing_date": "2026-09-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "No longer lists the business name SAM Alternatives.",
        "Added the business name Meristead Alternatives.",
        "Changed its legal name from Stansberry Asset Management, LLC to Meristead Wealth, LLC.",
        "Employees performing advisory functions went from 13 to 14.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Added the business name SAM Alternatives.",
        "Added an office in Camas, WA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,049,018,025 to $1,291,272,483 (+23%).",
        "Registered or notice-filed in AK, RI, WV."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 3, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000"
        ],
        "quotes": [
          "SAM requires that a client invests a minimum of $500,000 to open an account.  If the account size falls below the minimum requirement due to market fluctuations only, a client will not be required"
        ]
      }
    ],
    "quotes": [
      "SAM requires that a client invests a minimum of $500,000 to open an account.  If the account size falls below the minimum requirement due to market fluctuations only, a client will not be required"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/meristead-wealth-llc-westlake-tx-282103.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 396,
      "fewer_than_5": false,
      "raum": 244762542.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 579,
      "fewer_than_5": false,
      "raum": 1027143424.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 11,
      "fewer_than_5": false,
      "raum": 14116832.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 7,
      "fewer_than_5": false,
      "raum": 3155938.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 2093747.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282103",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}