Wealth manager, independent · SAN Antonio, TX
Sendero Wealth Management, LLC
SEC-registered investment adviser · CRD 145594 · SEC 801-68572
At a glance
Sendero Wealth Management, LLC is an SEC-registered investment adviser based in SAN Antonio, Texas, with $6.5B in regulatory assets under management as of its Form ADV filed March 26, 2026. It reports 331 individual clients, 226 of them high-net-worth, holding an average of about $11 million each, and 41 employees. That ranks it 161st among the nation’s 5,657 independent wealth management RIAs and 7th of 367 in Texas. It reports 2 custodians for its clients’ separately managed accounts: BNY Pershing and Merrill / Bank of America.
Main office 210-805-0171sendero.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $6.5B
- Rank among independent wealth managers
- #161 of 5,657
- Rank among all SEC RIAs
- #1,774 of 17,210
- Rank in Texas
- #7 of 367
- Individual clients
- 331
- High-net-worth clients
- 226
- Accounts
- 1,948
- Discretionary
- 34% of AUM
- Employees
- 41
- Advisory staff
- 19
- Offices
- 3
Owners and executives on its Form ADV
- Edward A. HartChairman
- Elizabeth F. CrawfordChief Executive Officer
- Kristina G. CraigCFO
- Julie K GerronChief Compliance Officer
- Ian R. SalePresident and COO
Custody and brokerage
Broker-dealer
Hybrid RIA
Sendero Wealth Management, LLC is a hybrid RIA: 13 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Sendero Securities, LLC.
- Sendero Securities, LLC ↗CRD 146627
An introducing broker-dealer: its trades clear through Pershing, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed March 2026) names Sendero Securities as the broker-dealer its advisers are registered with.
However, he is also a registered representative of Sendero Securities, LLC., Sendero’s affiliated broker-dealer, which is registered with FINRA.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 226 | $3.6B | 56% |
| Charitable organizations | 26 | $2.7B | 41% |
| Corporations or other businesses | 8 | $132M | 2% |
| Individuals | 105 | $38M | <1% |
| Pension and profit sharing plans | 3 | $6M | <1% |
| State or municipal government entities | 1 | $1M | <1% |
Disciplinary disclosures
Sendero Wealth 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
- Portfolio management for businesses and institutions
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗sendero.com ↗
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The full record on Sendero Wealth 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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- Rank against 636 peers of its type and size
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- 5 namedLocked
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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 |
|---|---|---|
| Kestra Private Wealth Services, LLCAustin | $13B | 19,977 |
| Hub Investment Partners, LLCAustin | $12B | 5,446 |
| Americana Partners, LLCHouston | $9.1B | 1,627 |
| Integrated Advisors Network LLCDallas | $5.5B | 7,363 |
| Bluespring Wealth Management, LLCAustin | $5.4B | 3,167 |
| True North Advisors, LLCDallas | $5.4B | 1,022 |
Background
Questions
How much does Sendero Wealth Management, LLC manage?
Sendero Wealth Management, LLC reports $6.5B in regulatory assets under management across 1,948 accounts, 34% of it on a discretionary basis, on its Form ADV filed March 26, 2026.
How many clients does Sendero Wealth Management, LLC have?
It reports 331 individual clients: 226 high-net-worth individuals and 105 other individuals. Individuals account for about 56% of its regulatory assets.
Where is Sendero Wealth Management, LLC headquartered?
Its main office is in SAN Antonio, Texas. It reports 3 offices in total and 41 employees, 19 of whom perform investment advisory functions.
How does Sendero Wealth Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 Sendero Wealth Management, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: BNY Pershing and Merrill / Bank of America. On Schedule D of its Form ADV filed March 26, 2026, it reports these amounts held: BNY Pershing ($4.5B); Merrill / Bank of America ($751M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Sendero Wealth Management, LLC a hybrid RIA with a broker-dealer?
Sendero Wealth Management, LLC is a hybrid RIA: 13 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Sendero Securities, LLC. Sendero Securities, LLC clears through Pershing, according to its annual report filed with the SEC. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Sendero Wealth Management, LLC a fiduciary?
As an SEC-registered investment adviser, Sendero Wealth Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 13 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 Sendero Wealth 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 (2026-03-26), 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 →