Lonestar Registered Investment Advisors provides financial planning and selecting other managers. Financial planning was provided to 1,000 clients last fiscal year.
Lonestar Registered Investment Advisors reports 1,195 clients. They include 1,146 individual clients, 48 high-net-worth individuals and 1 charitable organization. Of its assets, 100.0% ($336M across 1,195 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 96% | 66% |
| High-net-worth individuals | 4% | 33% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,146 | $223M | 66.2% | $194K |
| High-net-worth individuals | 48 | $111M | 33.0% | $2.31M |
| Charitable organizations | 1 | $2.65M | 0.8% | $2.65M |
| Total | 1,195 | $336M | 100% | $281K |
- Clients
- 1,146
- Regulatory AUM
- $223M
- AUM share
- 66.2%
- Avg. per client
- $194K
- Clients
- 48
- Regulatory AUM
- $111M
- AUM share
- 33.0%
- Avg. per client
- $2.31M
- Clients
- 1
- Regulatory AUM
- $2.65M
- AUM share
- 0.8%
- Avg. per client
- $2.65M
Total
- Clients
- 1,195
- Regulatory AUM
- $336M
- AUM share
- 100%
- Avg. per client
- $281K
- 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
- 1000
Lonestar Registered Investment Advisors is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning is billed at an hourly fee of $200 or as a negotiable fixed fee with a maximum of $2,500, based on complexity.
Lonestar Intermediate Holding Company, LLC owns 75% or more of Lonestar Registered Investment Advisors and is in turn owned by Lonestar Holdco 2, Inc. (25–50%), Meraki Partner Holdings, LLC (25–50%) and Lonestar Holdco 1, Inc. (25–50%). It has 13 employees.
Leadership
- Michael ByersCCO
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- Levi Aaron Blackmon
- Timothy Lee Brown
- Jaxon Riley Burnett
- Michael Jon Byers
- Christian Dean Caraveo
- Stephen Jeffrey Christopher
- Evan James Elzenberger
- Mark Carl Groom
- Rolando Z Rodriguez
- Zachary Douglass Scott
- Steven Michael Temple
- Daniel Dale Wheeler
Staff
- 13 employees
- 13 in advisory functions
- 13 state-registered reps
- 12 insurance agents
- Owns 75% or more of Lonestar Registered Investment Advisors, LLC
Lonestar Intermediate Holding Company, LLC
Control person · since November 2025
- Owns 25% to 50% of Lonestar Intermediate Holding Company, LLC
Lonestar Holdco 2, Inc.
Control person · since November 2025
- Owns 75% or more of Lonestar Holdco 2, Inc.
Mark Groom
Control person · since November 2025
- Owns 25% to 50% of Lonestar Intermediate Holding Company, LLC
Meraki Partner Holdings, LLC
Control person · since November 2025
- Owns 75% or more of Meraki Partner Holdings, LLC
Meraki Private Equity, LLC
Control person · since October 2025
- Owns 75% or more of Meraki Private Equity, LLC
Meraki Intermediate Holdings, LLC
Control person · since October 2025
- Owns 75% or more of Meraki Intermediate Holdings, LLC
Meraki Holdings, LLC
Control person · since October 2025
- Owns 75% or more of Meraki Holdings, LLC
The Lucius Family Trust
Control person · since October 2025
Tami Lucius
Trustee · Control person · since October 2025
- Owns 25% to 50% of Lonestar Intermediate Holding Company, LLC
Lonestar Holdco 1, Inc.
Control person · since November 2025
- Owns 75% or more of Lonestar Holdco 1, Inc.
Michael Byers
Control person · since November 2025
Lonestar Registered Investment Advisors’ regulatory assets grew Infinity× from $0 (April 2024) to $336M (September 2026); employees rose from 3 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $336M | 1,195 | 13 | 11 |
| May 2025 | $164M | 437 | 5 | 7 |
| April 2024 | $0 | 0 | 3 | 17 |
Besides its headquarters, Lonestar Registered Investment Advisors has 10 offices, with 11 listed addresses in New Mexico, Ohio and Texas.
Texas · 7 listed addresses
- 10210 Frankford Ave, Suite 220, LubbockHQ
- 8700 Crownhill #206, San Antonio
- 5049 Edwards Ranch Clearfork, Fort Worth
- 2101 Citywest BLVD, Houston
- 3300 N Interstate Hwy 35, Austin
- 8700 Crownhill BLVD, San Antonio
- 1601 Elm St, Dallas
Ohio · 3 listed addresses
- 21 Robin Hood Lane, Troy
- 3210 Beaver Vu Drive, Beavercreek
- 7536 Mentor Ave., Mentor
New Mexico · 1 listed address
- 6501 Wyoming BLVD Ne, Albuquerque
Contact and registration details
- Legal name
- Lonestar Registered Investment Advisors, LLC
- Headquarters
- 10210 Frankford Ave, Suite 220, Lubbock, TX 79424
- Website
- Not reported
- Phone
- 866-785-5350
- @lonestar-wealth-management
- SEC file
- 801-128569
- Structure
- Texas LLC
- Fiscal year end
- December
Lonestar Registered Investment Advisors uses Charles Schwab ($336M, 99%) and Fidelity ($3.53M, 1%) as custodians for its separately managed accounts. Lonestar Registered Investment Advisors does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $3.53M1%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $336M99%
At year end, Lonestar Registered Investment Advisors’ separately managed accounts were mostly in funds (51%) and stocks (29%).
What the accounts hold
- Stocks29%
- Funds51%
- Other20%
- Structured notes20%
How many clients does Lonestar Registered Investment Advisors have?
Lonestar Registered Investment Advisors has 1,195 clients and manages $336 million for them, as of September 2026. They include 1,146 individual clients, 48 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026
What services does Lonestar Registered Investment Advisors offer?
Lonestar Registered Investment Advisors provides financial planning and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Lonestar Registered Investment Advisors use?
Lonestar Registered Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $336M and Fidelity Distributors Company LLC (Smithfield, RI), with $3.53M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 September 2026
How many financial advisors does Lonestar Registered Investment Advisors have?
Lonestar Registered Investment Advisors has 13 investment adviser representatives registered with state securities authorities, out of 13 employees, and 13 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 12 employees are 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 Lonestar Registered Investment Advisors invest in?
At the end of its last fiscal year, Lonestar Registered Investment Advisors’ separately managed accounts held 51% registered funds (mutual funds, ETFs, BDCs), 29% exchange-traded equities and 20% other. The 20% other category is described as: Structured Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lonestar Registered Investment Advisors?
Lonestar Registered Investment Advisors is owned through a chain of holding companies by Michael Byers and Mark Groom. Its direct owner is Lonestar Intermediate Holding Company, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 September 2026
How does Lonestar Registered Investment Advisors get paid?
Lonestar Registered Investment Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Lonestar Registered Investment Advisors?
Lonestar Registered Investment Advisors’ main office is at 10210 Frankford Ave, Suite 220, Lubbock, TX 79424. Its phone number is 866-785-5350.