Wealth manager, independent · Dallas, TX
True North Advisors, LLC
SEC-registered investment adviser · CRD 116048 · SEC 801-66250
At a glance
True North Advisors, LLC is an SEC-registered investment adviser based in Dallas, Texas, with $5.4B in regulatory assets under management as of its Form ADV filed July 16, 2026. It reports 1,022 individual clients, 594 of them high-net-worth, holding an average of about $3.8 million each, and 89 employees. That ranks it 195th among the nation’s 5,657 independent wealth management RIAs and 10th of 367 in Texas. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 214-360-7300truenorthadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.4B
- Rank among independent wealth managers
- #195 of 5,657
- Rank among all SEC RIAs
- #1,984 of 17,210
- Rank in Texas
- #10 of 367
- Individual clients
- 1,022
- High-net-worth clients
- 594
- Accounts
- 5,298
- Discretionary
- 93% of AUM
- Employees
- 89
- Advisory staff
- 31
- Offices
- 6
Owners and executives on its Form ADV
- Scott A. WoodManaging Member, Chief Executive Officer
- Mark H. GehlbachManaging Member, President
- William M. SharpChief Compliance Officer and MD of Finance
- Dhruv ManiktalaCIO
- Christopher E. PateChief Operating Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
True North Advisors, 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 | 594 | $3.8B | 70% |
| Pooled investment vehicles | 34 | $1.1B | 20% |
| Corporations or other businesses | 5 | $373M | 7% |
| Individuals | 428 | $136M | 3% |
| Charitable organizations | 7 | $38M | <1% |
Private funds
True North Advisors, LLC reports 34 private funds with $1.1B in gross assets: hedge funds, venture capital funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
True North Advisors, 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 pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗truenorthadvisors.com ↗
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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 758 peers of its type and size
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- 5 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 Texas
All of Texas →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Sendero Wealth Management, LLCSAN Antonio | $6.5B | 331 |
| Integrated Advisors Network LLCDallas | $5.5B | 7,363 |
| Bluespring Wealth Management, LLCAustin | $5.4B | 3,167 |
| Linscomb Wealth, Inc.Houston | $5.2B | 1,640 |
| Cain, Watters & Associates, LLCFrisco | $5.0B | 2,274 |
| Quotient Wealth Partners, LLCDallas | $4.9B | 2,354 |
Background
Questions
How much does True North Advisors, LLC manage?
True North Advisors, LLC reports $5.4B in regulatory assets under management across 5,298 accounts, 93% of it on a discretionary basis, on its Form ADV filed July 16, 2026.
How many clients does True North Advisors, LLC have?
It reports 1,022 individual clients: 594 high-net-worth individuals and 428 other individuals. Individuals account for about 72% of its regulatory assets.
Where is True North Advisors, LLC headquartered?
Its main office is in Dallas, Texas. It reports 6 offices in total and 89 employees, 31 of whom perform investment advisory functions.
How does True North Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does True North Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed July 16, 2026, it reports these amounts held: Charles Schwab ($3.6B); Fidelity ($865M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is True North Advisors, LLC a hybrid RIA with a broker-dealer?
True North Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is True North Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, True North Advisors, 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 True North Advisors, 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 (2026-07-16), 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 →