New Capital Management, LP
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$526,234,551
This total excludes 4 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
126
71% high-net worth
Advisors
1
of 5 employees
Firm type
Team
4-10 advisors or $500M+ in AUM
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
126
Very HighAverage account size
$4,176,465
About
New Capital Management LP provides fee‑only investment management and wealth planning to individuals, families, related trusts, charitable foundations and businesses. The firm manages about $533.5 million across roughly 130 client relationships and offers services that include portfolio management, financial planning, estate, tax and insurance coordination, and management of held‑away assets such as 401(k) accounts.
The firm uses broadly diversified model portfolios (Models 0–10) built primarily with institutional no‑load, low‑expense funds and passive equity strategies while permitting meaningful allocations to active funds and factor‑tilted “smart beta” exposures (value, small‑cap, profitability); ESG model variants are also available. Client suitability and portfolio risk are guided by a proprietary Risk Tolerance Questionnaire that models scenarios against a client’s actual investable assets, and accounts are monitored and rebalanced with tax considerations using Orion portfolio technology.
Several features distinguish New Capital from many peers: its asset base and average household size (approximately $4.1 million) produce an unusually high asset concentration per client relationship, and the firm maintains a contingent succession agreement with Buckingham Strategic Wealth LLC as well as formal affiliations that broaden investment access (including authorized use of Dimensional funds). The firm also operates a long‑term incentive/Cash Balance Plan to support staff continuity, participates in industry training and educational events, and produces regular quarterly and year‑end client reports while using generative AI tools for research and communications under a formal review policy.
Client services
Financial planning
Portfolio management
Selection of other advisers
Newsletters or periodicals
Educational seminars or workshops
Life planning
Expertise
Passive / index investing
Active portfolio management
ESG / Sustainable investing
Concentrated stock management
Options & derivatives strategies
Occupation focus
Founder/Business Owner
Fee options
Flat fees may be charged for consulting work in conjunction with insurance policy development
$0 - $1 million: 0.75% $1 million - $3 million: 0.70% $3 million - $5 million: 0.60% $5 million - $8 million: 0.50% $8 million - $20 million: 0.40% $20 million - $100 million: 0.30% $100 million+: 0.20%
Account minimum: $333,000 Minimum fee: $2,500 minimum annual fee per household Fee-only: Fee-only investment and financial advisory services; no commissions or third-party payments received
Main office location
New Capital Management, LP
3355 West Alabama Street, Suite 275
Houston TX 77098, United States
Number of offices
1
Most active in
New Capital Management, LP has reported serving >5 clients in these states in the last 12 months.
Texas
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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