Palacios Wealth Management provides portfolio management for individuals and small businesses and pension consulting.
Palacios Wealth Management reports 418 clients. They include 339 individual clients, 51 high-net-worth individuals, and 28 pension and profit-sharing plans. Of its assets, 85.9% ($201M across 623 accounts) are managed with discretion; $33.1M across 28 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 33% |
| High-net-worth individuals | 12% | 53% |
| Pension and profit-sharing plans | 7% | 14% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 339 | $76.2M | 32.5% | $225K |
| High-net-worth individuals | 51 | $125M | 53.4% | $2.45M |
| Pension and profit-sharing plans | 28 | $33.1M | 14.1% | $1.18M |
| Total | 418 | $234M | 100% | $561K |
- Clients
- 339
- Regulatory AUM
- $76.2M
- AUM share
- 32.5%
- Avg. per client
- $225K
- Clients
- 51
- Regulatory AUM
- $125M
- AUM share
- 53.4%
- Avg. per client
- $2.45M
- Clients
- 28
- Regulatory AUM
- $33.1M
- AUM share
- 14.1%
- Avg. per client
- $1.18M
Total
- Clients
- 418
- Regulatory AUM
- $234M
- AUM share
- 100%
- Avg. per client
- $561K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Palacios Wealth Management charges 0.50%–1.00% a year for its Portfolio Management Fee. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M and above | 0.50% |
Fee details and sources
Other fees
- Retirement planning fee
- Asset-based fee on plan assets, billed quarterly through the recordkeeper, not to exceed 1.00% a year.
Erick Palacios owns 75% or more of Palacios Wealth Management. The leadership team of Palacios Wealth Management includes Chief Compliance Officer Erick Palacios. It has 4 employees, 2 of them in advisory roles.
Leadership
Erick PalaciosManaging Member & Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 75% or more of Palacios Wealth Management, LLC
Erick Palacios
Control person · since August 2023
Palacios Wealth Management’s regulatory assets grew 1.6× from $149M (January 2025) to $234M (July 2026); clients rose from 394 to 418 and employees from 1 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $234M | 418 | 4 | 1 |
| January 2025 | $149M | 394 | 1 | 1 |
Besides its headquarters, Palacios Wealth Management has 0 offices, with 1 listed address in Florida.
Florida · 1 listed address
- 595 W. Granada Boulevard, Suite K, Ormond BeachHQ
Contact and registration details
- Legal name
- Palacios Wealth Management, LLC
- Headquarters
- 595 W. Granada Boulevard, Suite K, Ormond Beach, FL 32174
- Website
- myplantoprosper.com
- Phone
- 386-271-2127
- SEC file
- 801-131973
- Structure
- Florida LLC
- Fiscal year end
- December
Palacios Wealth Management uses Charles Schwab ($201M) as custodian for its separately managed accounts. Palacios Wealth Management has custody of $125M in client assets for 303 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $201M100%
At year end, Palacios Wealth Management’s separately managed accounts were mostly in stocks (79%) and bonds (11%). Its reported 13F holdings for the quarter ended 30 June 2026 total $169M across 76 positions; the largest are Nvidia Corporation (27.8%), Neos ETF Trust (5.4%) and Broadcom Inc. (5.3%).
What the accounts hold
- Stocks79%
- Funds5%
- Bonds11%
- Investment grade corporate bonds9%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash4%
- Other1%
- Derivatives1%
Reported 13F holdings
- $169M
- Reported 13F value
- 76
- Positions
- 64.2%
- In the 10 largest
- +5.9%
- Value vs. prior quarter
- Nvidia Corporation27.8%
- Neos ETF Trust · Nasdaq 100 High5.4%
- Broadcom Inc.5.3%
- Apple Inc.5.0%
- Crowdstrike Hldgs Inc. · CL A3.9%
- Amazon Com Inc.3.9%
- Neos ETF Trust · Neos S&P 500 HI3.8%
- Advanced Micro Devices Inc.3.7%
- Alphabet Inc. · Cap Stk CL A2.8%
- Meta Platforms Inc. · CL A2.6%
Together, the ten largest are 64.2% of reported value.
How many clients does Palacios Wealth Management have?
Palacios Wealth Management has 418 clients and manages $234 million for them, as of July 2026. They include 339 individual clients, 51 high-net-worth individuals, and 28 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 July 2026
What services does Palacios Wealth Management offer?
Palacios Wealth Management provides portfolio management for individuals and small businesses and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Palacios Wealth Management charge?
Palacios Wealth Management charges 0.50%–1.00% a year for its Portfolio Management Fee. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Palacios Wealth Management use?
Palacios Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $201M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 July 2026
How many financial advisors does Palacios Wealth Management have?
Palacios Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Palacios Wealth Management invest in?
At the end of its last fiscal year, Palacios Wealth Management’s separately managed accounts held 79% exchange-traded equities, 9% investment grade corporate bonds, 5% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Palacios Wealth Management?
Palacios Wealth Management’s direct owner is Erick Palacios (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 6 July 2026
How does Palacios Wealth Management get paid?
Palacios 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 Palacios Wealth Management registered with the SEC?
Yes, Palacios Wealth Management has been registered with the SEC as an investment adviser since 13 February 2025. Its CRD number is 327660 and its SEC file number is 801-131973.
Source: Form ADV Part 1A, Item 1, filed 6 July 2026; IAPD firm record
How do I contact Palacios Wealth Management?
Palacios Wealth Management’s main office is at 595 W. Granada Boulevard, Suite K, Ormond Beach, FL 32174. Its phone number is 386-271-2127. Its website is myplantoprosper.com.