Wealth manager, independent · Metairie, LA
FPL Capital Management, LLC
SEC-registered investment adviser · CRD 117499 · SEC 801-78875
At a glance
FPL Capital Management, LLC is an SEC-registered investment adviser based in Metairie, Louisiana, with $1.1B in regulatory assets under management as of its Form ADV filed January 15, 2026. It reports 268 individual clients, 179 of them high-net-worth, holding an average of about $3.1 million each, and 5 employees. That ranks it 1014th among the nation’s 5,657 independent wealth management RIAs and 6th of 46 in Louisiana. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity Distributors Company.
Main office 504-828-1969fplcm.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #1,014 of 5,657
- Rank among all SEC RIAs
- #5,128 of 17,210
- Rank in Louisiana
- #6 of 46
- Individual clients
- 268
- High-net-worth clients
- 179
- Accounts
- 1,051
- Discretionary
- 73% of AUM
- Employees
- 5
- Advisory staff
- 3
- Offices
- 1
Owners and executives on its Form ADV
- Michael D. GeorgePresident
- Virajith Y. WijeweeraDirector of Operations/ Chief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
FPL Capital Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 179 | $823M | 76% |
| Pension and profit sharing plans | 56 | $231M | 21% |
| Individuals | 89 | $19M | 2% |
| Corporations or other businesses | – | $9M | <1% |
Disciplinary disclosures
FPL Capital Management, LLC 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
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗fplcm.com ↗
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The full record on FPL Capital Management, LLC
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 3,343 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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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 Louisiana
All of Louisiana →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Summit Financial Wealth AdvisorsLafayette | $1.8B | 1,208 |
| Argent Advisors, Inc.Ruston | $1.7B | 1,410 |
| Beam Wealth Advisors, Inc.Covington | $1.6B | 2,207 |
Background
Questions
How much does FPL Capital Management, LLC manage?
FPL Capital Management, LLC reports $1.1B in regulatory assets under management across 1,051 accounts, 73% of it on a discretionary basis, on its Form ADV filed January 15, 2026.
How many clients does FPL Capital Management, LLC have?
It reports 268 individual clients: 179 high-net-worth individuals and 89 other individuals. Individuals account for about 78% of its regulatory assets.
Where is FPL Capital Management, LLC headquartered?
Its main office is in Metairie, Louisiana. It reports 1 office in total and 5 employees, 3 of whom perform investment advisory functions.
How does FPL Capital Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does FPL Capital Management, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity Distributors Company. On Schedule D of its Form ADV filed January 15, 2026, it reports these amounts held: Charles Schwab ($443M); Fidelity Distributors Company ($372M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is FPL Capital Management, LLC a hybrid RIA with a broker-dealer?
FPL Capital Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is FPL Capital Management, LLC a fiduciary?
As an SEC-registered investment adviser, FPL Capital Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is FPL Capital Management, LLC’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 (2026-01-15), 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 →