Wealth manager, independent · Austin, TX
49 Financial
49 Wealth Management, LLC · SEC-registered investment adviser · CRD 319484 · SEC 801-123687
At a glance
49 Financial is an SEC-registered investment adviser based in Austin, Texas, with $1.4B in regulatory assets under management as of its Form ADV filed September 22, 2026. It reports 3,771 individual clients, 218 of them high-net-worth, holding an average of about $0.3 million each, and 167 employees. That ranks it 788th among the nation’s 5,657 independent wealth management RIAs and 48th of 367 in Texas. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 214-563-119049financial.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #788 of 5,657
- Rank among all SEC RIAs
- #4,445 of 17,210
- Rank in Texas
- #48 of 367
- Individual clients
- 3,771
- High-net-worth clients
- 218
- Accounts
- 6,257
- Discretionary
- 100% of AUM
- Employees
- 167
- Advisory staff
- 128
- Offices
- 10
Owners and executives on its Form ADV
- Lucas W. WinskowskiPresident
- Austin M. GraffCIO
- HUNTER R. LLOYDOwner
- Scott A. BradtmillerChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
49 Financial is a hybrid RIA: 51 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed September 2026) names Oakwood Capital Securities as the broker-dealer its advisers are registered with.
Certain of the firm’s supervised persons are registered representatives of Oakwood Capital Securities, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 3,553 | $650M | 46% |
| High-net-worth individuals | 218 | $648M | 46% |
| Corporations or other businesses | 53 | $56M | 4% |
| Charitable organizations | 14 | $42M | 3% |
| Pension and profit sharing plans | 1 | $7M | <1% |
Disciplinary disclosures
49 Financial reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗49financial.com ↗
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The full record on 49 Financial
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 3 years of filings
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- Growth over one, three and five years
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- Rank against 2,656 peers of its type and size
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- Owners and executives, with titles and stakes
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- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Texas
All of Texas →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Astra Wealth Management GroupPlano | $1.6B | 964 |
| PER Stirling Capital Management, LLCAustin | $1.6B | 1,074 |
| Cypress Point Wealth Management, LLCDallas | $1.5B | 177 |
| Howard Financial Services, LTD.Dallas | $1.4B | 410 |
| Penn Davis McFarland IncDallas | $1.4B | 211 |
| Quadcap Wealth Management, LLCFrisco | $1.3B | 582 |
Background
Questions
How much does 49 Financial manage?
49 Financial reports $1.4B in regulatory assets under management across 6,257 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 22, 2026.
How many clients does 49 Financial have?
It reports 3,771 individual clients: 218 high-net-worth individuals and 3,553 other individuals. Individuals account for about 92% of its regulatory assets.
Where is 49 Financial headquartered?
Its main office is in Austin, Texas. It reports 10 offices in total and 167 employees, 128 of whom perform investment advisory functions.
How does 49 Financial charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; commissions. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does 49 Financial use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 22, 2026, it reports these amounts held: Charles Schwab ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is 49 Financial a hybrid RIA with a broker-dealer?
49 Financial is a hybrid RIA: 51 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is 49 Financial a fiduciary?
As an SEC-registered investment adviser, 49 Financial owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 51 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is 49 Financial’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-22), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →