Portfolio provides financial planning and portfolio management for individuals and small businesses.
Portfolio reports 283 clients. They include 189 individual clients and 94 high-net-worth individuals. Of its assets, 100.0% ($395M across 761 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $395M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 19% |
| High-net-worth individuals | 33% | 80% |
| Other investment advisers | Fewer than 5 | <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) | 189 | $76.6M | 19.4% | $405K |
| High-net-worth individuals | 94 | $317M | 80.1% | $3.37M |
| Other investment advisers | Fewer than 5 | $2.07M | 0.5% | — |
| Total | 283 | $395M | 100% | — |
- Clients
- 189
- Regulatory AUM
- $76.6M
- AUM share
- 19.4%
- Avg. per client
- $405K
- Clients
- 94
- Regulatory AUM
- $317M
- AUM share
- 80.1%
- Avg. per client
- $3.37M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.07M
- AUM share
- 0.5%
- Avg. per client
- —
Total
- Clients
- 283
- Regulatory AUM
- $395M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
Portfolio charges 0.85%–1.50% a year for its Portfolio Private Client Wrap-Fee Program. The whole portfolio is charged at the rate of its band. The fee is billed in arrears, is negotiable and requires an account of at least $1,500,000.
| Asset band | Annual rate |
|---|---|
| $250K–$1M | 1.50% |
| $1M–$5M | 1.10% |
| $5M and above | 0.85% |
Fee details and sources
Lee Munson owns 75% or more of Portfolio. The leadership team of Portfolio includes Chief Compliance Officer Lee Munson. It has 3 employees, 1 of them in advisory roles.
Leadership
- Lee MunsonManaging Member & Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Lee Eugene Munson
Staff
- 3 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Portfolio, LLC
Lee Munson
Control person · since January 2008
Portfolio’s regulatory assets grew 1.8× from $216M (April 2021) to $395M (January 2026); clients rose from 215 to 283 and employees fell from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $395M | 283 | 3 | 1 |
| January 2025 | $373M | 282 | 3 | 1 |
| February 2024 | $304M | 266 | 3 | 1 |
| January 2023 | $258M | 251 | 3 | 1 |
| January 2022 | $285M | 240 | 3 | 1 |
| April 2021 | $216M | 215 | 4 | 1 |
Besides its headquarters, Portfolio has 0 offices, with 1 listed address in New Mexico.
New Mexico · 1 listed address
- 6100 Uptown BLVD Ne, Suite 540, AlbuquerqueHQ
Contact and registration details
- Legal name
- Portfolio, LLC
- Headquarters
- 6100 Uptown BLVD Ne, Suite 540, Albuquerque, NM 87110
- Website
- portfoliollc.com
- Phone
- 505-884-3445
- @495155
- SEC file
- 801-68615
- Founded
- 2008
- Structure
- New Mexico LLC
- Fiscal year end
- December
Portfolio uses Charles Schwab ($395M) as custodian for its separately managed accounts. Portfolio does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $395M100%
At year end, Portfolio’s separately managed accounts were mostly in funds (87%) and stocks (11%).
What the accounts hold
- Stocks11%
- Funds87%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash1%
How many clients does Portfolio have?
Portfolio has 283 clients and manages $395 million for them, as of January 2026. They include 189 individual clients and 94 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 7 January 2026
What services does Portfolio offer?
Portfolio provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Portfolio charge?
Portfolio charges 0.85%–1.50% a year for its Portfolio Private Client Wrap-Fee Program. The whole portfolio is charged at the rate of its band. The fee is billed in arrears, is negotiable and requires an account of at least $1,500,000.
Source: PORTFOLIO WEALTH ADVISORS WRAP FEE BROCHURE, filed 7 January 2026
Which custodians does Portfolio use?
Portfolio’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $395M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 January 2026
How many financial advisors does Portfolio have?
Portfolio has 1 investment adviser representative registered with state securities authorities, out of 3 employees, and 1 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 Portfolio invest in?
At the end of its last fiscal year, Portfolio’s separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Portfolio have a minimum investment?
Yes, Portfolio’s minimum account size for its Portfolio Private Client Wrap-Fee Program is $1.5M.
Source: PORTFOLIO WEALTH ADVISORS WRAP FEE BROCHURE, filed 7 January 2026
Who owns Portfolio?
Portfolio’s direct owner is Lee Munson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 7 January 2026
How does Portfolio get paid?
Portfolio is paid through a percentage of assets under management and hourly charges. 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 Portfolio?
Portfolio’s main office is at 6100 Uptown BLVD Ne, Suite 540, Albuquerque, NM 87110. Its phone number is 505-884-3445. Its website is portfoliollc.com.