Lake Hills Wealth Management provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, and retirement plan services. Financial planning was provided to 11–25 clients last fiscal year.
Lake Hills Wealth Management reports 229 clients. They include 200 individual clients and 29 high-net-worth individuals. Of its assets, 100.0% ($207M across 749 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 67% |
| High-net-worth individuals | 13% | 33% |
| Charitable organizations | Fewer than 5 | <1% |
| 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) | 200 | $138M | 66.6% | $689K |
| High-net-worth individuals | 29 | $68.5M | 33.1% | $2.36M |
| Charitable organizations | Fewer than 5 | $2.47K | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $540K | 0.3% | — |
| Total | 229 | $207M | 100% | — |
- Clients
- 200
- Regulatory AUM
- $138M
- AUM share
- 66.6%
- Avg. per client
- $689K
- Clients
- 29
- Regulatory AUM
- $68.5M
- AUM share
- 33.1%
- Avg. per client
- $2.36M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.47K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $540K
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 229
- Regulatory AUM
- $207M
- 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
- 11–25
Lake Hills Wealth Management charges 0.45%–1.00% a year for its Asset Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.80% |
| $3M–$5M | 0.60% |
| $5M and above | 0.45% |
Fee details and sources
Other fees
- Financial Planning
- Standalone financial planning is a fixed fee based on estimated time at $250 per hour, never more than $1,200.
- Qualified Plan Advisory
- Qualified plan advisory fee is an annual 0.50% of plan assets, charged quarterly in arrears.
Jason Clevlen owns 50% to 75% of Lake Hills Wealth Management. The leadership team of Lake Hills Wealth Management includes Chief Compliance Officer Jack Marino. It has 4 employees, 3 of them in advisory roles.
Leadership
- Jack MarinoManaging Member, Chief Compliance Officer
- Jason ClevlenManaging Member
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Lake Hills Wealth Management, LLC
Jason Clevlen
Control person · since February 2017
- Owns 25% to 50% of Lake Hills Wealth Management, LLC
Jack Marino
Control person · since February 2017
Lake Hills Wealth Management’s regulatory assets grew 1.8× from $118M (May 2021) to $207M (February 2026); clients rose from 194 to 229 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $207M | 229 | 4 | 2 |
| March 2025 | $175M | 237 | 4 | 1 |
| March 2024 | $168M | 223 | 3 | 1 |
| March 2023 | $161M | 229 | 4 | 1 |
| February 2022 | $161M | 227 | 3 | 1 |
| May 2021 | $118M | 194 | 4 | 1 |
Besides its headquarters, Lake Hills Wealth Management has 1 office, with 2 listed addresses in Texas.
Texas · 2 listed addresses
- 8601 Ranch Road 2222, Building 1, Suite 230, AustinHQ
- 1127 Judson RD., Longview
Contact and registration details
- Legal name
- Lake Hills Wealth Management, LLC
- Headquarters
- 8601 Ranch Road 2222, Building 1, Suite 230, Austin, TX 78730
- Website
- lakehillswm.com
- Phone
- 512-580-4740
- @lakehillswm
- SEC file
- 801-121498
- Founded
- 2016
- Structure
- Texas LLC
- Fiscal year end
- December
Lake Hills Wealth Management uses Charles Schwab ($205M) as custodian for its separately managed accounts. Lake Hills Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $205M100%
At year end, Lake Hills Wealth Management’s separately managed accounts were mostly in stocks (98%). Its reported 13F holdings for the quarter ended 30 June 2026 total $220M across 62 positions; the largest are Vanguard Index Fds (10.4%), SPDR Gold TR (7.3%) and SPDR Series Trust (7.2%).
What the accounts hold
- Stocks98%
- Cash2%
Reported 13F holdings
- $220M
- Reported 13F value
- 62
- Positions
- 56.5%
- In the 10 largest
- +23.1%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs10.4%
- SPDR Gold TR · Gold Shs7.3%
- SPDR Series Trust · ST Str SP Biot7.2%
- Invesco Exch Traded FD TR II · Solar ETF5.8%
- iShares Inc. · MSCI Sth Kor ETF5.0%
- iShares TR · 1 3 YR Treas BD4.7%
- Select Sector SPDR TR · ST Str Energ ETF4.4%
- iShares TR · iShares Semicdtr4.4%
- Select Sector SPDR TR · ST Str Techn ETF4.2%
- Global X Fds · US Infr Dev ETF3.0%
Together, the ten largest are 56.5% of reported value.
How many clients does Lake Hills Wealth Management have?
Lake Hills Wealth Management has 229 clients and manages $207 million for them, as of February 2026. They include 200 individual clients and 29 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 February 2026
What services does Lake Hills Wealth Management offer?
Lake Hills Wealth Management provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Lake Hills Wealth Management charge?
Lake Hills Wealth Management charges 0.45%–1.00% a year for its Asset Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: 2026-02-20 LAKE HILLS WEALTH MANAGEMENT FORM ADV PART 2, filed 20 February 2026
Which custodians does Lake Hills Wealth Management use?
Lake Hills Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $205M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 February 2026
How many financial advisors does Lake Hills Wealth Management have?
Lake Hills Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 4 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 Lake Hills Wealth Management invest in?
At the end of its last fiscal year, Lake Hills Wealth Management’s separately managed accounts held 98% exchange-traded equities and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lake Hills Wealth Management?
Lake Hills Wealth Management’s direct owners are Jason Clevlen (50% to 75%) and Jack Marino (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 20 February 2026
How does Lake Hills Wealth Management get paid?
Lake Hills Wealth 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 Lake Hills Wealth Management?
Lake Hills Wealth Management’s main office is at 8601 Ranch Road 2222, Building 1, Suite 230, Austin, TX 78730. Its phone number is 512-580-4740. Its website is lakehillswm.com.