Optas provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
Optas reports 137 clients. They include 83 high-net-worth individuals, 48 individual clients, and 6 corporations and other businesses. Of its assets, 100.0% ($882M across 685 accounts) are managed with discretion. Of its clients, 1% are outside the U.S. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 35% | 1% |
| High-net-worth individuals | 61% | 96% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | 2% |
| Corporations and other businesses | 4% | <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) | 48 | $12M | 1.4% | $251K |
| High-net-worth individuals | 83 | $848M | 96.1% | $10.2M |
| Pension and profit-sharing plans | Fewer than 5 | $5.92M | 0.7% | — |
| Charitable organizations | Fewer than 5 | $14.5M | 1.6% | — |
| Corporations and other businesses | 6 | $1.75M | 0.2% | $292K |
| Total | 137 | $882M | 100% | — |
- Clients
- 48
- Regulatory AUM
- $12M
- AUM share
- 1.4%
- Avg. per client
- $251K
- Clients
- 83
- Regulatory AUM
- $848M
- AUM share
- 96.1%
- Avg. per client
- $10.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.92M
- AUM share
- 0.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $14.5M
- AUM share
- 1.6%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $1.75M
- AUM share
- 0.2%
- Avg. per client
- $292K
Total
- Clients
- 137
- Regulatory AUM
- $882M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Optas 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
- Estate planning consulting
- Billed separately from advisory and planning fees; the brochure states no amount.
- Financial planning and consulting
- Charged hourly or as a fixed fee; the maximum hourly rate will not exceed $500.
- Tax preparation and filing
- Billed separately from advisory and planning fees; the brochure states no amount.
Meghan Railey owns 75% or more of Optas. The leadership team of Optas includes Chief Compliance Officer Michael Berger. It has 9 employees, 5 of them in advisory roles.
Leadership
- Michael BergerChief Compliance Officer
- Frederick GlasserManaging Member
- Meghan RaileyManaging Member
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 75% or more of Optas, LLC
Meghan Railey
Control person · since May 2019
- Owns 5% to 10% of Optas, LLC
Frederick Glasser
Control person · since May 2019
Optas’ regulatory assets grew from $599M (April 2021) to $882M (March 2026); clients rose from 108 to 137 and employees from 6 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $882M | 137 | 9 | 1 |
| March 2025 | $741M | 156 | 10 | 1 |
| March 2024 | $634M | 138 | 7 | 1 |
| April 2023 | $548M | 139 | 9 | 2 |
| March 2022 | $648M | 122 | 7 | 2 |
| April 2021 | $599M | 108 | 6 | 2 |
Besides its headquarters, Optas has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 15431 Fitzhugh RD, Suite 203, Dripping SpringsHQ
Contact and registration details
- Legal name
- Optas, LLC
- Headquarters
- 15431 Fitzhugh RD, Suite 203, Dripping Springs, TX 78620
- Website
- optascapital.com
- Phone
- 888-284-7139
- @optascapital
- SEC file
- 801-115209
- Structure
- Delaware LLC
- Fiscal year end
- December
Optas uses Fidelity ($882M) as custodian for its separately managed accounts. Optas has custody of $1.57M in client assets for 5 clients.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $882M100%
At year end, Optas’ separately managed accounts were largely in stocks (45%) and funds (29%). Its reported 13F holdings for the quarter ended 30 June 2026 total $714M across 494 positions; the largest are Vanguard Index Fds (8.9%), Vanguard Index Fds (7.5%) and Alphabet Inc. (6.1%).
What the accounts hold
- Stocks45%
- Funds29%
- Bonds20%
- State and local bonds12%
- U.S. government and agency bonds8%
- Cash6%
Reported 13F holdings
- $714M
- Reported 13F value
- 494
- Positions
- 47.0%
- In the 10 largest
- +8.0%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs8.9%
- Vanguard Index Fds · Total Stk Mkt7.5%
- Alphabet Inc. · Cap Stk CL A6.1%
- Alphabet Inc. · Cap Stk CL C4.9%
- Nvidia Corporation4.1%
- Vanguard Intl Equity Index F · Allwrld EX US3.8%
- Apple Inc.3.7%
- SPDR Series Trust · ST Str P500grw3.2%
- State Str SPDR S&P 500 ETF T · TR Unit2.8%
- Microsoft Corp.2.0%
Together, the ten largest are 47.0% of reported value.
How many clients does Optas have?
Optas has 137 clients and manages $882 million for them, as of March 2026. They include 83 high-net-worth individuals, 48 individual clients, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Optas offer?
Optas provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, 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 Optas use?
Optas’ separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $882M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Optas have?
Optas has 5 investment adviser representatives registered with state securities authorities, out of 9 employees, and 5 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 Optas invest in?
At the end of its last fiscal year, Optas’ separately managed accounts held 45% exchange-traded equities, 29% registered funds (mutual funds, ETFs, BDCs), 12% state and local bonds, 8% U.S. government and agency bonds and 6% 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 Optas?
Optas’ direct owners are Frederick Glasser (5% to 10%) and Meghan Railey (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Optas get paid?
Optas 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
Is Optas registered with the SEC?
Yes, Optas has been registered with the SEC as an investment adviser since 3 May 2019. Its CRD number is 299965 and its SEC file number is 801-115209.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Optas?
Optas’ main office is at 15431 Fitzhugh RD, Suite 203, Dripping Springs, TX 78620. Its phone number is 888-284-7139. Its website is optascapital.com.