SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Paul Comstock Partners
Houston, TX
First Endowment Development Corp, CRD 105335
Firm filing updated May 22, 2026 ·
- $2.8BAssets
- 120Clients
- 11Advisory staff
- 120Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- High net worth individuals109
- Charities11
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | 109 | $2.3 billion |
| Charitable organizations | 11 | $531.4 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
See all 4 services
- Selection of other advisors (including private fund managers)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
Assets and accounts
- Regulatory assets$2.8 billion
- Accounts120
- Discretionary$260.0 million · 29 accounts
- Non-discretionary$2.5 billion · 91 accounts
People
- Employees16
- Advisory staff11
- Broker-dealer reps0
- Licensed insurance agents1
- Planning clients51 to 100
Advisors
8 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- Legal name: First Endowment Development Corp SEC-registered investment advisor. CRD 105335, SEC file 801-22496.
- Registered with the SEC as an investment advisor (status date on record: November 5, 1984).
Is Paul Comstock Partners a fiduciary?
Short answer: Paul Comstock Partners is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
1 staff member is a licensed insurance agent.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.