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Custos Family Office

Multifamily office listing in Chicago, Illinois, United States.

  • SEC-registered
Regulatory AUM
$347 million
Employees
2
Clients
1-10
SEC CRD
294025

Custos Family Office LLC is a fiduciary and independent client advocate providing financial planning, portfolio management, and other advisory services.515

Overview

Custos Family Office LLC is the legal and primary business name listed in its April 7, 2026 SEC Form ADV filing.1 The firm serves individuals, high net worth individuals, and small businesses through financial planning, portfolio management, and other advisory services.53 The filing reports 229 total client accounts, including 21 individuals who are not high net worth and 46 high net worth individuals.3

The firm’s website describes Custos as acting as clients’ Chief Financial Officer.16 It says the firm coordinates financial services across family life stages and serves as a bridge across generations.16 The website also states that Custos is 100% partner owned with no outside shareholders.17

History

Custos became registered in Colorado and Texas in April 2018.6 The firm registered with the SEC in July 2019.6

Timeline

  1. 2018Custos became registered in Colorado and Texas in April 2018.
  2. 2019The firm registered with the SEC in July 2019.
  3. 2026Custos Family Office LLC is the legal and primary business name listed in its April 7, 2026 SEC Form ADV filing.

Leadership

Mitchell Herr is identified by the firm as a founding Principal and investment committee member.21 He leads wealth planning and the firm’s holistic balance sheet view.21 His listed experience includes pre and post transaction planning, corporate and family governance, custom credit originations, and trust and estate transfers.22 The website states that he previously spent eight years at J.P. Morgan Private Bank, where he served as Executive Director and Market Team Lead for the Austin and San Antonio High Net Worth practice.23

Tony Lopiccolo is identified as a founding Principal and Chief Investment Officer.24 His listed prior experience includes J.P. Morgan Private Bank, Wall Street macro hedge fund and central bank coverage, and execution trading for a macro hedge fund.25 He is listed as a CFA Charterholder.26 His education includes an undergraduate degree from the United States Air Force Academy and an MBA from UCLA Anderson School of Management.26

Services

The 2026 Form ADV lists financial planning, portfolio management for individuals and small businesses, and other advisory services.5 The prior brochure describes investment management on both discretionary and non discretionary bases.8 It says portfolios may be allocated among equities, exchange traded funds, mutual funds, and debt securities according to client objectives.9

The prior brochure describes financial planning that considers a client’s financial situation, goals, tax considerations, insurance, retirement, and estate planning.10 It also lists limited scope consulting on small business consulting, real estate, retirement planning, estate planning, insurance, and annuity advice.11

The firm’s website organizes its approach into Grow, Transfer, Protect, and Operate.18 Grow services include asset management, private investments, income generation, tax efficient investing, and retirement planning.19 Transfer services include family governance, succession, philanthropy, legacy planning, and trust and estate coordination.20 Protect services include liquidity management, risk management, hedging strategies, insurance review, and capital preservation.21 Operate services include real time asset aggregation, full balance sheet reporting, professional advisor coordination, third party advisor evaluation, and banking and credit optimization.22

What the firm offers

  • Investment management
  • Financial planning
  • Tax planning
  • Estate planning
  • Philanthropy
  • Family governance and education
  • Risk and insurance
  • Private and alternative investments
  • Retirement planning

Client focus

Custos provides portfolio management for individuals and small businesses.5 Its April 7, 2026 filing identifies both non high net worth individuals and high net worth individuals among its client accounts.3 The website describes the firm’s work across family life stages and its role coordinating financial services.16

Investment philosophy and approach

The firm says it acts as a fiduciary and independent client advocate.15 It says its work is organized around growing, transferring, protecting, and operating family wealth.18 The firm describes its investment related services as including asset management, private investments, income generation, tax efficient investing, and retirement planning.19 Its prior brochure states that investment management can be discretionary or non discretionary and that allocations may include equities, exchange traded funds, mutual funds, and debt securities according to client objectives.89

Assets and minimums

The April 7, 2026 SEC filing reports $346,555,336 in regulatory assets under management.2 The supplied facts do not state an account minimum.

By the numbers

Regulatory AUM by year$0K$201M$401M$602M$803M20182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 294025. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2018$60 million$47 million$13 million
2019$119 million$112 million$7 million
2020$127 million$121 million$6 million
2021$180 million$174 million$6 million
2022$297 million$275 million$22 million
2023$397 million$375 million$22 million
2025$730 million$679 million$51 million
2026$347 million$307 million$39 million
Average AUM per client by year$0K$2M$3M$5M$7M20182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 294025. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of .
Average AUM per client
YearAverage AUM per client
2018$5 million
2019$4 million
2020$4 million
2021$4 million
2022$4 million
2023$4 million
2025$6 million
2026$5 million
Clients by type (2026)High net worth individuals46Individuals21
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 294025. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
Individuals21
High net worth individuals46
Employees by year0235720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 294025. As of .
Employees reported on Form ADV
YearEmployees
20183
20193
20204
20215
20225
20236
20256
20262

FAQs

What is Custos Family Office LLC?

Custos Family Office LLC is a fiduciary and independent client advocate that provides financial planning, portfolio management, and other advisory services.515

Who does Custos serve?

The firm serves individuals, high net worth individuals, and small businesses.53

What services does Custos provide?

Its services include financial planning, portfolio management, private investments, family governance, succession, liquidity management, risk management, balance sheet reporting, advisor coordination, and banking and credit optimization.519202122

  • DataMFOs by US state

    The MFOs by US state page helps a family or business owner compare firms by location and service focus. It can support broader research into providers offering investment management, financial planning, tax planning, and family governance services alongside Custos Family Office LLC.

  • Network siteEstatePlanner.com

    EstatePlanner.com provides practical guides on wills, trusts, and related estate planning topics. Readers can use these materials to prepare questions about wealth transfer, tax planning, philanthropy, and coordination with an independent financial adviser.

  • Network siteFamilyOffices.com

    FamilyOffices.com offers resources and community information for single family offices and wealthy families. Its materials can help readers understand family governance, education, private investments, and the range of advisory needs that may arise for business-owning families.

  • DataMFO registration status data

    MFO registration status data helps readers check how multifamily offices are registered and identify the relevant regulatory context. That background can inform questions about fiduciary responsibilities, portfolio management, financial planning, and the oversight applicable to a firm such as Custos.

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    Profiles for Freedom Family Office, LLC, Mittelman Wealth Management, and Letson Investment Management give readers additional firms to review. Comparing their stated services, client focus, and planning approach with Custos can help a family or business owner organize follow-up questions before making contact.

Sources

  1. SEC Form ADV PDF , accessed 2026-10-23.
  2. SEC Form ADV PDF , accessed 2026-10-23.
  3. SEC Form ADV PDF , accessed 2026-10-23.
  4. SEC Form ADV PDF , accessed 2026-10-23.
  5. SEC Form ADV PDF , accessed 2026-10-23.
  6. Custos Form ADV Part 2A , accessed 2026-10-23.
  7. Custos Form ADV Part 2A , accessed 2026-10-23.
  8. Custos Form ADV Part 2A , accessed 2026-10-23.
  9. Custos Form ADV Part 2A , accessed 2026-10-23.
  10. Custos Form ADV Part 2A , accessed 2026-10-23.
  11. Custos Form ADV Part 2A , accessed 2026-10-23.
  12. Custos Family Office website , accessed 2026-10-23.
  13. Custos Family Office website , accessed 2026-10-23.
  14. Custos Family Office website , accessed 2026-10-23.
  15. Custos Family Office website , accessed 2026-10-23.
  16. Custos Family Office website , accessed 2026-10-23.
  17. Custos Family Office website , accessed 2026-10-23.
  18. Custos Family Office website , accessed 2026-10-23.
  19. Custos Family Office website , accessed 2026-10-23.
  20. Custos Family Office website , accessed 2026-10-23.
  21. Custos Family Office website , accessed 2026-10-23.
  22. Custos Family Office website , accessed 2026-10-23.
  23. Custos Family Office website , accessed 2026-10-23.
  24. Custos Family Office website , accessed 2026-10-23.
  25. Custos Family Office website , accessed 2026-10-23.
  26. Custos Family Office website , accessed 2026-10-23.

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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