Clients
Luther King Capital Management serves 3,526 clients, 2,304 of them high-net-worth individuals. The average client has about $8.9 million with the firm, and high-net-worth clients hold 36% of its $31.5 billion in assets.
- High-net-worth individuals2,304 clients36%
- Investment companies7 clients4%
- Pooled investment vehicles18 clients19%
- Pension and profit-sharing plans38 clients2%
- Charitable organizations232 clients16%
- OtherOther investment advisers, Corporations and other businesses, Individuals, State or municipal government entities, Insurance companies23%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 216 | $36,632,503 | 0.1% | $170K |
| High-net-worth individuals | 2,304 | $11,259,321,244 | 35.7% | $4.89M |
| Investment companies | 7 | $1,376,045,728 | 4.4% | $196.6M |
| Pooled investment vehicles | 18 | $6,019,559,844 | 19.1% | $334.4M |
| Pension and profit-sharing plans | 38 | $657,880,240 | 2.1% | $17.3M |
| Charitable organizations | 232 | $4,891,131,068 | 15.5% | $21.1M |
| State or municipal government entities | 5 | $322,030,091 | 1.0% | $64.4M |
| Other investment advisers | 486 | $2,651,837,033 | 8.4% | $5.46M |
| Insurance companies | 1 | $41,043,051 | 0.1% | $41.0M |
| Corporations and other businesses | 219 | $4,247,408,568 | 13.5% | $19.4M |
| Total | 3,526 | $31,502,889,370 | 100% | $8.93M |
- Clients
- 216
- Regulatory AUM
- $36,632,503
- Share
- 0.1%
- Avg. per client
- $170K
- Clients
- 2,304
- Regulatory AUM
- $11,259,321,244
- Share
- 35.7%
- Avg. per client
- $4.89M
- Clients
- 7
- Regulatory AUM
- $1,376,045,728
- Share
- 4.4%
- Avg. per client
- $196.6M
- Clients
- 18
- Regulatory AUM
- $6,019,559,844
- Share
- 19.1%
- Avg. per client
- $334.4M
- Clients
- 38
- Regulatory AUM
- $657,880,240
- Share
- 2.1%
- Avg. per client
- $17.3M
- Clients
- 232
- Regulatory AUM
- $4,891,131,068
- Share
- 15.5%
- Avg. per client
- $21.1M
- Clients
- 5
- Regulatory AUM
- $322,030,091
- Share
- 1.0%
- Avg. per client
- $64.4M
- Clients
- 486
- Regulatory AUM
- $2,651,837,033
- Share
- 8.4%
- Avg. per client
- $5.46M
- Clients
- 1
- Regulatory AUM
- $41,043,051
- Share
- 0.1%
- Avg. per client
- $41.0M
- Clients
- 219
- Regulatory AUM
- $4,247,408,568
- Share
- 13.5%
- Avg. per client
- $19.4M
Total
- Clients
- 3,526
- Regulatory AUM
- $31,502,889,370
- Share
- 100%
- Avg. per client
- $8.93M
What it does
Luther King Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.
Luther King Capital Management provided financial planning to 1–10 clients last fiscal year and advises 18 private funds.
99.3% of assets ($31.27B across 3,508 accounts) are managed with discretion; $233.6M across 18 accounts are not. $253.6M sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks81%
- Exchange-traded equities80%
- Non-exchange-traded equities1%
- Funds1%
- Bonds12%
- State and local bonds5%
- Investment grade corporate bonds4%
- U.S. government and agency bonds3%
- Cash6%
Custodians
Luther King Capital Management’s client accounts are held mainly at Charles Schwab, with 36% of managed assets, and Frost National Bank, with 9%. Luther King Capital Management has custody of $6.21B for 24 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $11.48B36%
- Frost National BankFrost National Bank · San Antonio, TX · $2.97B9%
- All other custodians$17.06B54%
Ownership and leadership
Southwest JLK Corporation owns 75% or more of Luther King Capital Management, and John King is its CEO.
- Owns 75% or more of Luther King Capital Management Corporation
Southwest JLK Corporation
Control person · since February 1983
- Owns 50% to 75% of Luther King Capital Management Corporation
John King
Control person · since February 1983
- Owns 50% to 75% of Luther King Capital Management Corporation
Teresa King
Control person · since February 1983
Leadership
- John KingPresident, Chief Executive Officer, Principal
- Anna NikiforovaVice President & Chief Compliance Officer
- Jacob SmithPrincipal & General Counsel
Staff
- 110 employees
- 73 in advisory functions
- 34 state-registered reps
- 1 broker-dealer rep
- 1 soliciting firm
Reported holdings
Luther King Capital Management’s reported 13F holdings total $24.42B across 614 positions, and the ten largest make up 37.8% of it.
- $24.42B
- Reported 13F value
- 614
- Positions
- 37.8%
- In the 10 largest
- +5.5%
- Value vs. prior quarter
- Apple Inc.6.5%
- Nvidia Corp.5.3%
- Distribution Solutions Grp I5.2%
- Microsoft Corp.4.3%
- Alphabet Inc. Class C3.4%
- Alphabet Inc. Class A3.4%
- Amazon Com Inc.3.3%
- Broadcom Inc.2.5%
- JP Morgan Chase & CO2.2%
- Home Depot Inc.1.7%
Together, the ten largest are 37.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $24.42B is not its $31.50B in regulatory assets and does not represent any individual client's portfolio.
Fees
Luther King Capital Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Luther King Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Luther King Capital Management has 3 offices, with 4 listed addresses in 1 state.
Texas · 4 listed addresses
- 301 Commerce Street, Suite 1600, Fort WorthHQ
- 5121 Broadway, San Antonio
- 1301 S. Mopac Expressway, Austin
- 2021 McKinney Ave., Dallas
Registration details
- Legal name
- Luther King Capital Management Corporation
- Headquarters
- 301 Commerce Street, Suite 1600, Fort Worth, TX 76102
- Phone
- 817-332-3235
- Website
- www.lkcm.com
- SEC file
- 801-14458
- Structure
- Delaware corporation
- Fiscal year end
- March
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Luther King Capital Management have?
Luther King Capital Management has 3,526 clients and manages $31.5 billion for them, as of June 2026. They include 2,304 high-net-worth individuals, 486 other investment advisers and 232 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 June 2026
What services does Luther King Capital Management offer?
Luther King Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Luther King Capital Management use?
Luther King Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $11,480,353,305 and Frost National Bank (San Antonio, TX), with $2,965,581,100. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 June 2026
How many financial advisors does Luther King Capital Management have?
Luther King Capital Management has 34 investment adviser representatives registered with state securities authorities, out of 110 employees, and 73 perform investment advisory functions. 1 are registered representatives of a broker-dealer and 0 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 Luther King Capital Management invest in?
At the end of its last fiscal year, Luther King Capital Management’s separately managed accounts held 80% exchange-traded equities, 6% cash and equivalents, 5% state and local bonds, 4% investment grade corporate bonds, 3% U.S. government and agency bonds, 1% non-exchange-traded equities and 1% registered funds (mutual funds, ETFs, BDCs). It advises 18 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Luther King Capital Management?
Luther King Capital Management’s direct owners are Southwest JLK Corporation (75% or more), John King (50% to 75%) and Teresa King (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 June 2026
How does Luther King Capital Management get paid?
Luther King Capital Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file