Texas Asset Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Texas Asset Management provides discretionary investment management, written financial planning, and limited consulting to individuals, high-net-worth clients, trusts, qualified retirement plans and small businesses. Services commonly include a written financial plan, ongoing portfolio management and advice on estate, retirement and insurance matters.
The firm’s investment approach is long-term and asset-allocation driven, grounded in Modern Portfolio Theory and implemented largely through passive, asset-class mutual funds—primarily Dimensional Fund Advisors (DFA) funds that are generally available to institutional investors and selected advisor networks. TAM develops written investment policy statements, may use model portfolios or no-load mutual funds, and will include individual equities or dollar‑cost averaging when suitable for a client’s objectives.
Operationally, TAM generally requires clients to custody assets on its institutional platform and debits advisory fees directly, and it reports limited custody exposure for certain accounts that permit client-directed transfers by verbal instruction—features that can be atypical among peers. The firm is a small, long-established adviser (three advisors, roughly $65 million in discretionary AUM) that combines institutional-only fund access with quarterly advance fee billing and does not aggregate trades across client accounts.
Client services
Expertise
Fee options
Fixed fee typically ranging from $1,000 to $5,000
$0 - $1,000,000: 1.00% $1,000,000 - $3,000,000: 0.70% $3,000,000 - $5,000,000: 0.45% $5,000,000 - $8,000,000: 0.35% $8,000,000+: 0.25%
$150 - $200 per hour
Account minimum: $100,000 Fee-only: Fixed fee ranging from $1,000 to $5,000; Hourly fee ranging from $150 to $200 per hour
Main office
1200 Lakeway Drive, Suite 20
Lakeway TX 78734
Advisors at this office
3
Most active in
Texas
Also doing business as
Lake Travis Financial Advisors · Lake Travis Financial Advisors, LLC · Tam, LLC · Texas Asset Management · Texas Asset Management, LLC · Texas Invest Wisely, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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.
Forms ADV
Advisors at this firm
James K
PFS™
Lakeway, TX
Texas Asset Management
James Karnes is a financial advisor with Texas Asset Management in Lakeway, TX, holding the PFS™ designation and 24 years of industry experience. He is also a CPA at the accounting firm Brodnax & Karnes, P.C., where he has worked since 2000. Karnes has been with Texas Asset Management and its predecessor firms since 1999. Texas Asset Management is an independent, single-adviser registered investment adviser serving individuals, high-net-worth clients, trusts, qualified retirement plans, and small businesses. The firm employs a long-term investment approach based on Modern Portfolio Theory, focusing on diversified portfolios constructed mainly with institutional-class, passively managed mutual funds tailored to each client’s investment policy.
Elvin M
CFP®
Lakeway, TX
Texas Asset Management
Elvin Miller is a CFP® professional with 15 years of experience in financial advising. He has been with Texas Asset Management, formerly known as Texas Invest Wisely and Lake Travis Financial Advisors, since 2006. Miller operates as the sole advisor at the independent firm based in Lakeway, TX. Texas Asset Management provides discretionary investment management, written financial planning, and consulting services to individuals, high-net-worth clients, trusts, retirement plans, and small businesses. The firm employs a long-term investment approach grounded in Modern Portfolio Theory, focusing on diversified portfolios constructed mainly with passively managed, institutional-class mutual funds tailored to each client’s investment policy statement.
John B
CFP®
Lakeway, TX
Texas Asset Management
John Brodnax is a CFP® professional with 24 years of experience, serving as the sole advisor at Texas Asset Management. He has practiced law since 1994 at the Law Office of John W. Brodnax and is a CPA at Brodnax & Karnes, P.C. Texas Asset Management is an independent, single-adviser registered investment adviser that provides discretionary investment management, financial planning, and consulting to individuals, high-net-worth individuals, trusts, qualified retirement plans, and small businesses. The firm employs a long-term investment approach based on Modern Portfolio Theory, focusing on asset allocation and diversified portfolios primarily composed of institutional-class, passively managed mutual funds tailored to client investment policy statements.
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