Asset manager · Dallas, TX
Lear Investment Management
FWL Investment Management, LLC · SEC-registered investment adviser · CRD 174119 · SEC 801-110851
At a glance
Lear Investment Management is an SEC-registered investment adviser based in Dallas, Texas, with $1.2 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is other investment advisers, and it reports 285 individual clients. By Form ADV it is a asset manager, ranked 1,253rd of 3,218 asset managers and 4,764th of 17,210 SEC-registered advisers by assets.
Main office 214-445-5900learim.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among asset managers
- #1,253 of 3,218
- Rank among all SEC RIAs
- #4,764 of 17,210
- Rank in Texas
- #274 of 1,081
- Individual clients
- 285
- High-net-worth clients
- 96
- Accounts
- 945
- Discretionary
- 98% of AUM
- Employees
- 7
- Advisory staff
- 4
- Offices
- 2
Owners and executives on its Form ADV
- Frederick W. LearManaging Partner
- Thayne E GouldChief Compliance Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Other investment advisers | 9 | $846M | 68% |
| High-net-worth individuals | 96 | $358M | 29% |
| Individuals | 189 | $35M | 3% |
Disciplinary disclosures
Lear Investment Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗learim.com ↗
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The full record on Lear Investment Management
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 970 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.
Background
Questions
How much does Lear Investment Management manage?
Lear Investment Management reports $1.2 billion in regulatory assets under management across 945 accounts, 98% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Lear Investment Management?
Lear Investment Management is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Lear Investment Management’s clients?
By assets, its largest client types are other investment advisers ($846 million, 9 clients); high-net-worth individuals ($358 million, 96 clients); individuals ($35 million, 189 clients).
Does Lear Investment Management have any disciplinary history?
Lear Investment Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Lear Investment Management’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 (2026-03-31), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →