Wealth manager, independent · Houston, TX
New Capital Management, LP
SEC-registered investment adviser · CRD 131658 · SEC 801-63295
At a glance
New Capital Management, LP is an SEC-registered investment adviser based in Houston, Texas, with $534 million in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 126 individual clients. By Form ADV it is a wealth manager, ranked 2,759th of 8,915 wealth managers and 7,566th of 17,210 SEC-registered advisers by assets.
Main office 713-874-1444newcapitalmgmt.comAs filed on Form ADV
- Regulatory AUM
- $534M
- Rank among wealth managers
- #2,759 of 8,915
- Rank among all SEC RIAs
- #7,566 of 17,210
- Rank in Texas
- #493 of 1,081
- Individual clients
- 126
- High-net-worth clients
- 90
- Accounts
- 777
- Discretionary
- 98% of AUM
- Employees
- 5
- Advisory staff
- 2
- Offices
- 1
Owners and executives on its Form ADV
- Leonard M. GolubLimited Partner/chief Compliance Officer
Custody and brokerage
Custodian
New Capital Management, LP’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 90 | $507M | 95% |
| Individuals | 36 | $20M | 4% |
| Charitable organizations | 2 | $5M | 1% |
| Corporations or other businesses | 2 | $2M | <1% |
Disciplinary disclosures
New Capital 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
- Portfolio management for businesses and institutions
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗newcapitalmgmt.com ↗
AtlasMembers
The full record on New Capital Management, LP
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 5,268 peers of its type and size
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- Owners and executives, with titles and stakes
- 1 namedLocked
- Main office, fax and compliance officer
- Locked
- 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 New Capital Management, LP manage?
New Capital Management, LP reports $534 million in regulatory assets under management across 777 accounts, 98% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is New Capital Management, LP?
New Capital Management, LP is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are New Capital Management, LP’s clients?
By assets, its largest client types are high-net-worth individuals ($507 million, 90 clients); individuals ($20 million, 36 clients); charitable organizations ($5 million, 2 clients).
Does New Capital Management, LP have any disciplinary history?
New Capital Management, LP 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 New Capital 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 (2026-03-30), 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 →