FPL Capital Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
FPL Capital Management reports 324 clients. They include 179 high-net-worth individuals, 89 individual clients, and 56 pension and profit-sharing plans. Of its assets, 72.9% ($789M across 905 accounts) are managed with discretion; $293M across 146 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 27% | 2% |
| High-net-worth individuals | 55% | 76% |
| Pension and profit-sharing plans | 17% | 21% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 89 | $18.8M | 1.7% | $211K |
| High-net-worth individuals | 179 | $823M | 76.0% | $4.6M |
| Pension and profit-sharing plans | 56 | $231M | 21.4% | $4.13M |
| Corporations and other businesses | Fewer than 5 | $9.2M | 0.9% | — |
| Total | 324 | $1.08B | 100% | — |
- Clients
- 89
- Regulatory AUM
- $18.8M
- AUM share
- 1.7%
- Avg. per client
- $211K
- Clients
- 179
- Regulatory AUM
- $823M
- AUM share
- 76.0%
- Avg. per client
- $4.6M
- Clients
- 56
- Regulatory AUM
- $231M
- AUM share
- 21.4%
- Avg. per client
- $4.13M
- Clients
- Fewer than 5
- Regulatory AUM
- $9.2M
- AUM share
- 0.9%
- Avg. per client
- —
Total
- Clients
- 324
- Regulatory AUM
- $1.08B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
FPL Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Billed at $250 an hour for non-discretionary Asset Management clients; included at no added fee for discretionary Wealth & Asset Management clients.
- Portfolio Reporting
- A flat annual fee for portfolio reporting on accounts FPL does not manage, depending on the number of accounts, transactions and securities.
- Wealth & Asset Management
- Annual fee of $5,000 to $15,000; in certain situations 0.70% of assets under management until the annual fee reaches the level's maximum, not to exceed $15,000.
Michael George owns 75% or more of FPL Capital Management. The leadership team of FPL Capital Management includes President Michael George and Chief Compliance Officer Virajith Wijeweera. It has 5 employees, 3 of them in advisory roles.
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of FPL Capital Management, LLC
Michael George
Control person · since September 1997
FPL Capital Management’s regulatory assets grew 1.8× from $594M (January 2021) to $1.08B (January 2026); clients rose from 182 to 324 and employees from 3 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jan 2026January 2026 | $1.08B | 324 | 5 | 1 |
| Jan 2025January 2025 | $885M | 258 | 3 | 1 |
| Jan 2024January 2024 | $669M | 221 | 3 | 1 |
| Feb 2023February 2023 | $563M | 231 | 3 | 1 |
| Jul 2022July 2022 | $582M | 209 | 3 | 1 |
| Jan 2021January 2021 | $594M | 182 | 3 | 1 |
Besides its headquarters, FPL Capital Management has 0 offices, with 1 listed address in 1 state.
Louisiana · 1 listed address
- 3525 North Causeway Boulevard, Suite 633, MetairieHQ
Contact and registration details
- Legal name
- FPL Capital Management, LLC
- Headquarters
- 3525 North Causeway Boulevard, Suite 633, Metairie, LA 70002
- Website
- fplcm.com
- Phone
- 504-828-1969
- @fpl-capital-management
- SEC file
- 801-78875
- Structure
- Louisiana LLC
- Fiscal year end
- December
FPL Capital Management’s named custodians for separately managed accounts are Charles Schwab ($443M, 54%) and Fidelity ($372M, 46%). FPL Capital Management has custody of $153M for 89 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $443M54%
- FidelityFidelity Distributors Company LLC · Boston, MA · $372M46%
At year end, FPL Capital Management’s separately managed accounts were mostly in funds (65%) and stocks (28%).
What the accounts hold
- Stocks28%
- Non-exchange-traded equities18%
- Exchange-traded equities10%
- Funds65%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash5%
How many clients does FPL Capital Management have?
FPL Capital Management has 324 clients and manages $1.08 billion for them, as of January 2026. They include 179 high-net-worth individuals, 89 individual clients, and 56 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 January 2026
What services does FPL Capital Management offer?
FPL Capital Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does FPL Capital Management use?
FPL Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $443M and Fidelity Distributors Company LLC (Boston, MA), with $372M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 January 2026
How many financial advisors does FPL Capital Management have?
FPL Capital Management has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does FPL Capital Management invest in?
At the end of its last fiscal year, FPL Capital Management’s separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 18% non-exchange-traded equities, 10% exchange-traded equities, 5% cash and equivalents, 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns FPL Capital Management?
FPL Capital Management’s direct owner is Michael George (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 15 January 2026
How does FPL Capital Management get paid?
FPL Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact FPL Capital Management?
FPL Capital Management’s main office is at 3525 North Causeway Boulevard, Suite 633, Metairie, LA 70002. Its phone number is 504-828-1969. Its website is fplcm.com.