Wealth manager, independent · Menlo Park, CA
Lyell Wealth Management LP
SEC-registered investment adviser · CRD 283521 · SEC 801-107892
At a glance
Lyell Wealth Management LP is an SEC-registered investment adviser based in Menlo Park, California, with $1.6B in regulatory assets under management as of its Form ADV filed March 27, 2026. It reports 303 individual clients, 249 of them high-net-worth, holding an average of about $5.3 million each, and 11 employees. That ranks it 658th among the nation’s 5,657 independent wealth management RIAs and 79th of 714 in California. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 650-353-3692lyellwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.6B
- Rank among independent wealth managers
- #658 of 5,657
- Rank among all SEC RIAs
- #4,053 of 17,210
- Rank in California
- #79 of 714
- Individual clients
- 303
- High-net-worth clients
- 249
- Accounts
- 307
- Discretionary
- 100% of AUM
- Employees
- 11
- Advisory staff
- 9
- Offices
- 1
Owners and executives on its Form ADV
- Kevin P. ConnellManaging Director and Chief Compliance Officer
- Matthew I. BennittManaging Director
- Jeffrey G. BerryManaging Director
- Nancy F. TuckManaging Director
Custody and brokerage
Broker-dealer
No broker-dealer ties
Lyell Wealth Management LP 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 | 249 | $1.6B | 97% |
| Charitable organizations | 3 | $25M | 1% |
| Individuals | 54 | $20M | 1% |
| Corporations or other businesses | 1 | $3M | <1% |
Disciplinary disclosures
Lyell Wealth Management LP 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
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗lyellwealth.com ↗
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- 4 namedLocked
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Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| HBW Advisory Services LLCSimi Valley | $1.7B | 13,779 |
| Liberty Wealth Management, LLCOakland | $1.7B | 1,510 |
| Weatherly Asset ManagementDel MAR | $1.7B | 371 |
| Provenio CapitalNewport Beach | $1.6B | 94 |
| Telos Capital Management, Inc.SAN Diego | $1.6B | 924 |
| Pasadena Private Wealth, LLCPasadena | $1.6B | 432 |
Background
Questions
How much does Lyell Wealth Management LP manage?
Lyell Wealth Management LP reports $1.6B in regulatory assets under management across 307 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
How many clients does Lyell Wealth Management LP have?
It reports 303 individual clients: 249 high-net-worth individuals and 54 other individuals. Individuals account for about 98% of its regulatory assets.
Where is Lyell Wealth Management LP headquartered?
Its main office is in Menlo Park, California. It reports 1 office in total and 11 employees, 9 of whom perform investment advisory functions.
How does Lyell Wealth Management LP charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Lyell Wealth Management LP use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 27, 2026, it reports these amounts held: Charles Schwab ($1.6B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Lyell Wealth Management LP a hybrid RIA with a broker-dealer?
Lyell Wealth Management LP reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Lyell Wealth Management LP a fiduciary?
As an SEC-registered investment adviser, Lyell Wealth Management LP 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 Lyell Wealth Management LP’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 (2026-03-27), 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 →