# Sendero Wealth Management, LLC

> Sendero Wealth Management, LLC is an SEC-registered investment advisory firm in San Antonio, TX, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 145594
- Filed as: SENDERO WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Antonio, TX
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145594
- AdvisorCensus page: https://advisorcensus.com/firm/sendero-wealth-management-llc-san-antonio-tx-145594

## Quick answers

**How is Sendero Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Sendero Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Sendero Wealth Management, LLC located?**
Sendero Wealth Management, LLC's principal office is in San Antonio, TX, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Sendero Wealth Management, LLC registered with the SEC or a state?**
Sendero Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145594.

**How much does Sendero Wealth Management, LLC manage?**
Sendero Wealth Management, LLC reports $6,508,711,754 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (34% discretionary).

**How have Sendero Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Sendero Wealth Management, LLC: Regulatory assets under management: $2,452,966,770 in the October 2021 data and $6,508,711,754 in the October 2026 data, up 165%. Total employees: 29 in October 2021 and 41 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Sendero Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (226); individuals (other than high net worth individuals) (105); charitable organizations (26).

**Which custodians does Sendero Wealth Management, LLC use?**
Sendero Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BofA Securities, Inc. and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Sendero Wealth Management, 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/145594

**What changed in Sendero Wealth Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 18 to 19. Regulatory assets under management went from $5,823,154,458 to $6,508,711,754 (+12%). No longer lists an office in Chicago, IL. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- BofA Securities, Inc.
- Pershing LLC

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: $6,508,711,754
- Discretionary: $2,216,134,789
- Non-discretionary: $4,292,576,965

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 105 | $38,467,838 |
| High net worth individuals | 226 | $3,633,202,215 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 3 | $6,293,468 |
| Charitable organizations | 26 | $2,697,872,695 |
| State or municipal government entities (including government pension plans) | 1 | $1,313,763 |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 8 | $131,561,775 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2007 (18 years)
- Employees: 41 total, 19 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, LA, NH, NM, 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
- Austin, TX
- Boerne, TX

### Websites listed on Form ADV (Item 1.I)
- sendero.com
- sendero.com/SERVICES/FAMILY-FOUNDATIONS
- sendero.com/SERVICES/FAMILY-LEGACY
- sendero.com/SERVICES/FAMILY-OFFICE
- sendero.com/SERVICES/INVESTMENT-MANAGEMENT
- sendero.com/SERVICES/WOMEN-AND-WEALTH
- senderowealthmanagement.com
- Facebook facebook.com
- Facebook @senderollc
- Instagram @sendero.llc
- Instagram @sendero.w.m
- LinkedIn @SENDEROWEALTHMANAGEMENT
- X @SENDEROWEALTH
- X @senderowealth
- YouTube @SenderoWealthManagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,452,966,770 | 29 | April 22, 2021 |
| October 2022 | $4,262,933,738 | 30 | March 31, 2022 |
| October 2023 | $3,926,223,849 | 37 | May 10, 2023 |
| October 2024 | $5,218,567,363 | 36 | April 2, 2024 |
| October 2025 | $5,823,154,458 | 42 | July 22, 2025 |
| October 2026 | $6,508,711,754 | 41 | March 26, 2026 |

Regulatory assets under management: $2,452,966,770 in the October 2021 data and $6,508,711,754 in the October 2026 data, up 165%.
Total employees: 29 in October 2021 and 41 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 18 to 19.
- Regulatory assets under management went from $5,823,154,458 to $6,508,711,754 (+12%).
- No longer lists an office in Chicago, IL.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sendero Wealth Management, LLC (CRD 145594): Form ADV filing data as of October 2026.