Lyell Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
Lyell Wealth Management reports 307 clients. They include 249 high-net-worth individuals, 54 individual clients and 3 charitable organizations. Of its assets, 100.0% ($1.65B across 307 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 18% | 1% |
| High-net-worth individuals | 81% | 97% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 54 | $20.4M | 1.2% | $379K |
| High-net-worth individuals | 249 | $1.6B | 97.1% | $6.42M |
| Charitable organizations | 3 | $24.6M | 1.5% | $8.2M |
| Corporations and other businesses | 1 | $3.2M | 0.2% | $3.2M |
| Total | 307 | $1.65B | 100% | $5.37M |
- Clients
- 54
- Regulatory AUM
- $20.4M
- AUM share
- 1.2%
- Avg. per client
- $379K
- Clients
- 249
- Regulatory AUM
- $1.6B
- AUM share
- 97.1%
- Avg. per client
- $6.42M
- Clients
- 3
- Regulatory AUM
- $24.6M
- AUM share
- 1.5%
- Avg. per client
- $8.2M
- Clients
- 1
- Regulatory AUM
- $3.2M
- AUM share
- 0.2%
- Avg. per client
- $3.2M
Total
- Clients
- 307
- Regulatory AUM
- $1.65B
- AUM share
- 100%
- Avg. per client
- $5.37M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Lyell Wealth Management charges 0.25%–1.00% a year for its Asset-Based Management Fee. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M–$5M | 0.75% |
| $5M–$10M | 0.50% |
| $10M and above | 0.25% |
Fee details and sources
The leadership team of Lyell Wealth Management includes Chief Compliance Officer Kevin Connell. It has 11 employees, 9 of them in advisory roles.
Leadership
- Kevin ConnellManaging Director and Chief Compliance Officer
- Matthew BennittManaging Director
- Jeffrey BerryManaging Director
- Nancy TuckManaging Director
Staff
- 11 employees
- 9 in advisory functions
- Owns 10% to 25% of Lyell Wealth Management LP
Kevin Connell
Control person · since March 2016
- Owns 10% to 25% of Lyell Wealth Management LP
Matthew Bennitt
Control person · since March 2016
- Owns 10% to 25% of Lyell Wealth Management LP
Jeffrey Berry
Control person · since March 2016
- Owns 10% to 25% of Lyell Wealth Management LP
Nancy Tuck
Control person · since March 2016
Lyell Wealth Management’s regulatory assets grew 2.1× from $786M (March 2021) to $1.65B (March 2026); clients rose from 211 to 307 and employees from 8 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.65B | 307 | 11 | 1 |
| March 2025 | $1.34B | 295 | 11 | 1 |
| March 2024 | $1.09B | 286 | 11 | 1 |
| March 2023 | $863M | 282 | 11 | 1 |
| March 2022 | $1.07B | 254 | 10 | 1 |
| March 2021 | $786M | 211 | 8 | 1 |
Besides its headquarters, Lyell Wealth Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 3000 Sand Hill Road, Building One, Suite 135, Menlo ParkHQ
Contact and registration details
- Legal name
- Lyell Wealth Management LP
- Headquarters
- 3000 Sand Hill Road, Building One, Suite 135, Menlo Park, CA 94025
- Website
- lyellwealth.com
- Phone
- 650-353-3692
- @lyell-wealth-management-lp
- SEC file
- 801-107892
- Structure
- Delaware limited partnership
- Fiscal year end
- December
Lyell Wealth Management uses Charles Schwab ($1.57B) as custodian for its separately managed accounts. Lyell Wealth Management has custody of $902M in client assets for 126 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.57B100%
At year end, Lyell Wealth Management’s separately managed accounts were mostly in stocks (66%) and funds (21%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.63B across 232 positions; the largest are Nvidia Corporation (7.1%), Alphabet Inc. Cap Stk CL C (5.5%) and Alphabet Inc. Cap Stk CL A (4.0%).
What the accounts hold
- Stocks66%
- Funds21%
- Registered funds15%
- Pooled vehicles6%
- Bonds10%
- Investment grade corporate bonds7%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash3%
Reported 13F holdings
- $1.63B
- Reported 13F value
- 232
- Positions
- 36.5%
- In the 10 largest
- +19.8%
- Value vs. prior quarter
- Nvidia Corporation7.1%
- Alphabet Inc. Cap Stk CL C5.5%
- Alphabet Inc. Cap Stk CL A4.0%
- Palo Alto Networks Inc.3.6%
- Apple Inc.3.3%
- Vaneck Semiconductor ETFETF3.1%
- Amazon Com Inc.2.6%
- Advanced Micro Devices Inc.2.5%
- ASML Hldg NV N Y Registry Shs · ADR2.4%
- Caterpillar Inc.2.4%
Together, the ten largest are 36.5% of reported value.
How many clients does Lyell Wealth Management have?
Lyell Wealth Management has 307 clients and manages $1.65 billion for them, as of March 2026. They include 249 high-net-worth individuals, 54 individual clients and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Lyell Wealth Management offer?
Lyell Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Lyell Wealth Management charge?
Lyell Wealth Management charges 0.25%–1.00% a year for its Asset-Based Management Fee. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: LYELL WEALTH MANAGEMENT LP BROCHURE, filed 27 March 2026
Which custodians does Lyell Wealth Management use?
Lyell Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.57B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Lyell Wealth Management have?
Lyell Wealth Management has 0 investment adviser representatives registered with state securities authorities, out of 11 employees, and 9 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 Lyell Wealth Management invest in?
At the end of its last fiscal year, Lyell Wealth Management’s separately managed accounts held 66% exchange-traded equities, 15% registered funds (mutual funds, ETFs, BDCs), 7% investment grade corporate bonds, 6% pooled vehicles (private funds and similar), 3% cash and equivalents, 2% 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 Lyell Wealth Management?
Lyell Wealth Management’s direct owners are Kevin Connell, Matthew Bennitt, Jeffrey Berry and Nancy Tuck, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Lyell Wealth Management get paid?
Lyell Wealth Management is paid through a percentage of assets under management. 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
Is Lyell Wealth Management registered with the SEC?
Yes, Lyell Wealth Management has been registered with the SEC as an investment adviser since 27 May 2016. Its CRD number is 283521 and its SEC file number is 801-107892.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Lyell Wealth Management?
Lyell Wealth Management’s main office is at 3000 Sand Hill Road, Building One, Suite 135, Menlo Park, CA 94025. Its phone number is 650-353-3692. Its website is lyellwealth.com.