Lonestar Registered Investment Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$333,526,941
Clients
1,194
Advisors
6
of 12 employees
About
Lonestar Registered Investment Advisors, LLC provides financial planning and retirement-plan advisory services (including limited-scope ERISA 3(21) fiduciary services) and assists individuals, high‑net‑worth clients, and institutional plan sponsors in selecting investment models. The firm also offers insurance-related products through affiliated insurance brokerages and supports client education and enrollment for employer plans.
The firm operates primarily as a co‑advisor to third‑party money managers, assisting clients with model selection and maintaining discretion to choose models but not to select specific securities or execute trades; portfolio management and trade execution are handled by the third‑party manager. Lonestar delivers comprehensive financial plans, periodic account reviews, and uses fundamental, technical and cyclical analysis in its planning and due‑diligence processes.
Noteworthy aspects include explicit fee‑sharing, referral and incentive arrangements with a named third‑party manager (Gradient Investments, LLC) and disclosures of indirect ownership ties to private‑equity entities and an affiliated insurance brokerage, all of which the firm identifies as potential conflicts of interest. The firm reports substantial discretionary AUM while delegating day‑to‑day portfolio management to TPMs, and several of its advisors spend a majority of their time selling insurance—features that distinguish its business model from most peer team firms.
Client services
Expertise
Fee options
Up to $2,500 negotiable fixed fee based on complexity and unique client needs
$0+: 1.65% $0+: 1.50% $0+: 1.00%
$200 per hour based on complexity and unique client needs
Main office
10210 Frankford Ave, Suite 220
Lubbock TX 79424
Advisors at this office
6
Most active in
California · Colorado · Florida · Georgia · New Hampshire · New Mexico · Ohio · Oklahoma · Texas · Virginia
Also doing business as
Lonestar Registered Investment Advisors, LLC · Lonestar Registered Investment Advisors, PLLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Stephen C
Series 65
Lubbock, TX
Lonestar Registered Investment Advisors, LLC
Stephen Christopher is a financial advisor at Lonestar Registered Investment Advisors, LLC with 11 years of industry experience. He holds a Series 65 designation and has been affiliated with Lifeguard Advisors and Lifeguard Financial in investment and insurance services for over a decade. Christopher spends a majority of his professional time providing insurance services through Lonestar Wealth Management. Lonestar Registered Investment Advisors, LLC offers financial planning and retirement-plan advisory services to individuals, high-net-worth clients, and institutional plan sponsors. The firm acts primarily as a co-advisor to third-party money managers, assisting clients with investment model selection while delegating portfolio management and trade execution to those managers.
Steven T
Series 63, Series 65
Lubbock, TX
Lonestar Registered Investment Advisors, LLC
Steven Temple is an advisor at Lonestar Registered Investment Advisors, LLC with 28 years of industry experience. He holds Series 63 and Series 65 licenses and has worked at several firms including College Planning Advisors, LLC and Pinnacle Investment Advisors, LLC, where he also served as Managing Member. He is licensed as an independent insurance agent to sell fixed insurance products. Lonestar Registered Investment Advisors, LLC provides financial planning and retirement-plan advisory services to individuals, high-net-worth clients, and institutional plan sponsors. The firm primarily serves as a co-advisor to third-party money managers, focusing on investment model selection and comprehensive financial planning while portfolio management and trade execution are handled by third-party managers.
Christian C
Series 63, Series 65
Lubbock, TX
Lonestar Registered Investment Advisors, LLC
Christian Caraveo is an advisor at Lonestar Registered Investment Advisors, LLC with Series 63 and Series 65 credentials and three years of industry experience. His prior work includes roles at New York Life Insurance Co and Nylife Securities LLC. He is also involved in insurance sales and services through Lonestar Wealth Management in Lubbock, TX. Lonestar Registered Investment Advisors, LLC provides financial planning and retirement-plan advisory services to individuals, high-net-worth clients, and institutional plan sponsors. The firm operates primarily as a co-advisor to third-party money managers, focusing on model selection and comprehensive financial planning while delegating portfolio management and trade execution.
Rolando R
Series 63, Series 66
Lubbock, TX
Lonestar Registered Investment Advisors, LLC
Rolando Rodriguez is a financial advisor at Lonestar Registered Investment Advisors, LLC with nine years of industry experience. He holds Series 63 and Series 66 licenses and has previously worked with NYLIFE Securities LLC, American United Life, and OneAmerica Securities. Outside of his advisory role, he serves as the Parish Council President for Our Lady of Grace and is a referee for the Texas Association of High School Officials. Lonestar Registered Investment Advisors, LLC provides financial planning and retirement-plan advisory services to individuals, high-net-worth clients, and institutional plan sponsors, primarily acting as a co-advisor to third-party money managers. The firm offers comprehensive financial plans, periodic account reviews, and employs fundamental, technical, and cyclical analysis in its processes.
Evan E
Series 65
Lubbock, TX
Lonestar Registered Investment Advisors, LLC
Evan Elzenberger is a financial advisor at Lonestar Registered Investment Advisors, LLC in Lubbock, TX. He holds a Series 65 credential and has experience in the drilling industry prior to joining the firm. Lonestar Registered Investment Advisors provides financial planning and retirement-plan advisory services to individuals, high-net-worth clients, and institutional plan sponsors. The firm primarily acts as a co-advisor to third-party money managers, assisting with investment model selection while delegating portfolio management and trade execution.
Zachary S
Series 65
Lubbock, TX
Lonestar Registered Investment Advisors, LLC
Zachary Scott is a financial advisor at Lonestar Registered Investment Advisors, LLC with Series 65 registration and one year of industry experience. Prior to joining Lonestar, he worked at Northwestern Mutual for one year and was a full-time student for eight years. Lonestar Registered Investment Advisors, LLC provides financial planning and retirement-plan advisory services to individuals, high-net-worth clients, and institutional plan sponsors. The firm operates mainly as a co-advisor to third-party money managers, assisting with investment model selection while delegating portfolio management and trade execution.
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