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.
Portfolio Advisory Council, L.L.C.
Houston, TX
Portfolio Advisory Council, L.L.C., CRD 107465
Firm filing updated March 11, 2026 ·
- $494.9MAssets
- 567Clients
- 6Advisory staff
- 971Accounts
Fees and minimums
- Hourly feesAsk the firm for the rate
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesYes
- Fixed feesYes
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals420
- High net worth individuals130
- Pension and profit sharing plans17
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 420 | $253.0 million |
| High net worth individuals | 130 | $141.3 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 17 | $100.6 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
- Pension consulting services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
Assets and accounts
- Regulatory assets$494.9 million
- Accounts971
- Discretionary$394.4 million · 954 accounts
- Non-discretionary$100.6 million · 17 accounts
People
- Employees9
- Advisory staff6
- Broker-dealer reps0
- Licensed insurance agents4
- Planning clients251 to 500
Advisors
4 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- Legal name: Portfolio Advisory Council, L.L.C. SEC-registered investment advisor. CRD 107465, SEC file 801-27691.
- Registered with the SEC as an investment advisor (status date on record: September 15, 1986).
Is Portfolio Advisory Council,l.l.c. a fiduciary?
Short answer: Portfolio Advisory Council,l.l.c. is registered with the SEC as an investment advisor. 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.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
4 staff are licensed insurance agents and the firm has a related insurance company or agency.
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.