# SFMG Wealth Advisors

> SFMG Wealth Advisors is an SEC-registered investment advisory firm in Plano, TX, registered since 1993, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 24, 2026.

- CRD: 107548
- Filed as: SFMG WEALTH ADVISORS
- Legal name: SFMG, LLC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plano, TX
- Filing period: October 2026
- Form ADV filing dated: July 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107548
- AdvisorCensus page: https://advisorcensus.com/firm/sfmg-wealth-advisors-plano-tx-107548

## Quick answers

**How is SFMG Wealth Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), SFMG Wealth Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is SFMG Wealth Advisors located?**
SFMG Wealth Advisors' principal office is in Plano, TX, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is SFMG Wealth Advisors registered with the SEC or a state?**
SFMG Wealth Advisors is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 107548.

**How much does SFMG Wealth Advisors manage?**
SFMG Wealth Advisors reports $2,956,970,054 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (90% discretionary).

**How have SFMG Wealth Advisors' assets and staff changed since 2021?**
In the Form ADV data for SFMG Wealth Advisors: Regulatory assets under management: $1,668,448,207 in the October 2021 data and $2,956,970,054 in the October 2026 data, up 77%. Total employees: 31 in October 2021 and 39 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SFMG Wealth Advisors serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (496); individuals (other than high net worth individuals) (472); corporations or other businesses not listed above (11).

**Which custodians does SFMG Wealth Advisors use?**
SFMG Wealth Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets.

**Does SFMG Wealth Advisors 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/107548

**Does SFMG Wealth Advisors state an account minimum?**
Its Form ADV Part 2A brochure dated March 13, 2026 says: "SFMG seeks to have a minimum relationship size of $1,000,000 for Wealth Management clients but does reserve the right to waive these minimums or accept or decline a potential client for any reason in its sole discretion."

**What changed in SFMG Wealth Advisors' recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in GA.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 13, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> SFMG seeks to have a minimum relationship size of $1,000,000 for Wealth Management clients but does reserve the right to waive these minimums or accept or decline a potential client for any reason in its sole discretion.

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.
- Fidelity Distributors Company 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: $2,956,970,054
- Discretionary: $2,673,557,914
- Non-discretionary: $283,412,140

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 472 | $373,250,985 |
| High net worth individuals | 496 | $2,570,394,566 |
| 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) | 1 | $142,786 |
| Charitable organizations | 2 | $1,500,103 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| 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 | 11 | $11,681,614 |
| 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)

### Firm details
- Registered since: 1993 (33 years)
- Employees: 39 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, CA, CO, FL, GA, LA, NC, NY, OK, OR, TN, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Austin, TX

### Websites listed on Form ADV (Item 1.I)
- sfmg.com
- Facebook @SFMGWealthAdvisors
- LinkedIn @SFMG-WEALTH-ADVISORS
- X @SFMG_Wealth
- YouTube @SFMGWealthAdvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,668,448,207 | 31 | May 6, 2021 |
| October 2022 | $1,975,358,577 | 34 | July 26, 2022 |
| October 2023 | $1,884,948,124 | 36 | August 1, 2023 |
| October 2024 | $2,248,716,764 | 37 | June 21, 2024 |
| October 2025 | $2,524,709,134 | 38 | April 9, 2025 |
| October 2026 | $2,956,970,054 | 39 | July 24, 2026 |

Regulatory assets under management: $1,668,448,207 in the October 2021 data and $2,956,970,054 in the October 2026 data, up 77%.
Total employees: 31 in October 2021 and 39 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in GA.

### April 2026
- Regulatory assets under management went from $2,524,709,134 to $2,956,970,054 (+17%).
- Registered or notice-filed in AR, NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SFMG Wealth Advisors (CRD 107548): Form ADV filing data as of October 2026.