AdvisorCensus / Financial advisors / Texas / Austin / Terry McDaniel & Company
Terry McDaniel & Company is an SEC-registered investment advisory firm in Austin, TX, registered since 1985, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.
Quick answers
From the filingHow is Terry McDaniel & Company compensated?
On its Form ADV (Item 5.E, October 2026), Terry McDaniel & Company reports these compensation arrangements: a percentage of assets under its management.
Where is Terry McDaniel & Company located?
Terry McDaniel & Company's principal office is in Austin, TX, according to its Form ADV.
Is Terry McDaniel & Company registered with the SEC or a state?
Terry McDaniel & Company is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 104732.
How much does Terry McDaniel & Company manage?
Terry McDaniel & Company reports $1,921,027,445 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (91% discretionary).
How have Terry McDaniel & Company's assets and staff changed since 2021?
In the Form ADV data for Terry McDaniel & Company: Regulatory assets under management: $1,347,520,896 in the October 2021 data and $1,921,027,445 in the October 2026 data, up 43%. Total employees: 15 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Terry McDaniel & Company serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (248); individuals (other than high net worth individuals) (122); charitable organizations (8).
Which custodians does Terry McDaniel & Company use?
Terry McDaniel & Company's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and U S Trust Bank of America N. A. as custodians holding 10% or more of its separately managed account assets.
Does Terry McDaniel & 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/104732
Does Terry McDaniel & Company state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2026 says: "The minimum dollar amount of assets required for the establishment and maintenance of an investment advisory account is $1,000,000. There are circumstances under which this minimum may be waived."
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum dollar amount of assets required for the establishment and maintenance of an investment advisory account is $1,000,000. There are circumstances under which this minimum may be waived.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,921,027,445 as of October 2026, filing dated March 31, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1985 (41 years)
- Employees
- Total: 13. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,921,027,445 | 13 | March 31, 2026 |
| October 2025 | $1,777,083,995 | 12 | April 14, 2025 |
| October 2024 | $1,643,828,201 | 12 | March 28, 2024 |
| October 2023 | $1,377,810,556 | 13 | March 31, 2023 |
| October 2022 | $1,554,332,331 | 14 | March 31, 2022 |
| October 2021 | $1,347,520,896 | 15 | June 2, 2021 |
Regulatory assets under management: $1,347,520,896 in the October 2021 data and $1,921,027,445 in the October 2026 data, up 43%.
Total employees: 15 in October 2021 and 13 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 monthsNo changes to these filed facts in the last 12 months of filing data.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Terry McDaniel & Company (CRD 104732): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/terry-mcdaniel-and-company-austin-tx-104732