# SWBC Investment Company

> SWBC Investment Company is an SEC-registered investment advisory firm in San Antonio, TX, registered since 2007, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 140994
- Filed as: SWBC INVESTMENT COMPANY
- Also doing business as: SWBC WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Antonio, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/140994
- AdvisorCensus page: https://advisorcensus.com/firm/swbc-investment-company-san-antonio-tx-140994

## Quick answers

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

**Where is SWBC Investment Company located?**
SWBC Investment Company'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 SWBC Investment Company registered with the SEC or a state?**
SWBC Investment Company is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 140994.

**How much does SWBC Investment Company manage?**
SWBC Investment Company reports $255,957,289 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (77% discretionary).

**How have SWBC Investment Company's assets and staff changed since 2021?**
In the Form ADV data for SWBC Investment Company: Regulatory assets under management: $180,308,000 in the October 2021 data and $255,957,289 in the October 2026 data, up 42%. Total employees: 45 in October 2021 and 33 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SWBC Investment Company serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (391); high net worth individuals (79); other (16).

**Which custodians does SWBC Investment Company use?**
SWBC Investment Company's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets.

**Does SWBC Investment Company 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/140994

**What changed in SWBC Investment Company's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 19 to 17. Regulatory assets under management went from $229,193,705 to $255,957,289 (+12%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Pershing Advisor Solutions 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: $255,957,289
- Discretionary: $197,495,086
- Non-discretionary: $58,462,203

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 391 | $19,359,883 |
| High net worth individuals | 79 | $178,135,203 |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $6,243,624 |
| Other | 16 | $52,218,579 |

### 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
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 2007 (19 years)
- Employees: 33 total, 17 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CT, FL, KS, LA, NC, NJ, SC, 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
- Dallas, TX
- Garland, TX

### Websites listed on Form ADV (Item 1.I)
- info.swbc.com/swbc-investment-services-uncharted-wealth-podcast
- swbc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $180,308,000 | 45 | June 2, 2021 |
| October 2022 | $205,021,000 | 45 | April 1, 2022 |
| October 2023 | $380,146,900 | 45 | September 7, 2023 |
| October 2024 | $345,837,406 | 35 | May 16, 2024 |
| October 2025 | $229,193,705 | 28 | March 31, 2025 |
| October 2026 | $255,957,289 | 33 | March 31, 2026 |

Regulatory assets under management: $180,308,000 in the October 2021 data and $255,957,289 in the October 2026 data, up 42%.
Total employees: 45 in October 2021 and 33 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 19 to 17.
- Regulatory assets under management went from $229,193,705 to $255,957,289 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SWBC Investment Company (CRD 140994): Form ADV filing data as of October 2026.