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True North Advisors, LLC

Multifamily office listing in Dallas, Texas, United States.

  • SEC-registered
Regulatory AUM
$5.4 billion
Employees
89
Clients
251-500
SEC CRD
116048

True North Advisors is a Dallas-based multi-family office and private wealth advisory firm serving business owners, entrepreneurs, and families.1

Overview

The firm provides wealth management, wealth planning, investment management, and business exit planning. It reports more than $5.8 billion in assets under management and operates from five offices.2

History

True North Advisors says it has operated since 2000.1

Leadership

- Michael J. Anderson, Senior Wealth Manager and Partner3 - Matt Borowski, Senior Wealth Manager and Partner3 - Caleb Brian, Senior Director of Wealth Planning3 - Colin Bindner, Senior Wealth Manager3

Services

True North’s in-house wealth planning team advises on entity planning, estate and legacy planning, liquidity and capital sufficiency, risk mitigation and asset protection, tax strategy, and philanthropy.4

The investment team develops customized portfolios across public markets, private markets, and alternative investments. The firm states that its investments span 63 countries and six continents.5

Business exit planning is part of the firm’s core service offering, alongside wealth management, wealth planning, and investment management.1

What the firm offers

  • Investment management
  • Financial planning
  • Tax planning
  • Philanthropy
  • Business owner services
  • Private and alternative investments

Client Focus

True North says its clients typically include individuals and families with at least $5 million in investable assets. The firm also serves business owners and entrepreneurs.2

Approach

The firm describes its approach as collaborative, integrated, and purpose-driven. It says planning guides portfolio and implementation decisions.1

Assets and Minimums

True North Advisors reports more than $5.8 billion in assets under management and five offices. It says clients typically have at least $5 million in investable assets.2

By the numbers

Regulatory AUM by year$0K$1.5B$3.0B$4.5B$6.0B2016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 116048. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2016$1.2 billion$1.1 billion$118 million
2017$1.1 billion$1.1 billion$9 million
2018$1.2 billion$1.1 billion$64 million
2019$1.4 billion$1.4 billion$28 million
2020$1.6 billion$1.6 billion$20 million
2021$2.3 billion$2.3 billion$21 million
2022$2.9 billion$2.8 billion$28 million
2023$3.0 billion$3.0 billion$44 million
2025$4.5 billion$4.1 billion$372 million
2026$5.4 billion$5.0 billion$402 million
Average AUM per client by year$0K$1M$3M$4M$6M20182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 116048. 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$3 million
2019$2 million
2020$3 million
2021$4 million
2022$5 million
2023$5 million
2025$5 million
2026$5 million
Clients by type (2026)High net worth individuals594Individuals428Pooled investment vehicles34Charities7Corporations5
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 116048. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
Individuals428
High net worth individuals594
Pooled investment vehicles34
Charities7
Corporations5
Employees by year0244973982016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 116048. As of .
Employees reported on Form ADV
YearEmployees
201623
201723
201823
201924
202031
202137
202237
202342
202565
202689

Ranks #2 of 17 SEC-registered firms in TX on MultifamilyOffices.com by regulatory AUM.

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 116048. Ranking uses only firms profiled on MultifamilyOffices.com. As of .

Regulatory Registration

True North Advisors, LLC appears in the SEC Investment Adviser Public Disclosure system under CRD number 116048.6

FAQs

What type of firm is True North Advisors?

True North Advisors is a multi-family office and private wealth advisory firm based in Dallas.1

What services does True North Advisors provide?

Its services include wealth management, wealth planning, investment management, and business exit planning.1

What client asset level does True North Advisors typically serve?

The firm says its clients typically have at least $5 million in investable assets.2

  • LocationMultifamily offices in Dallas

    This Dallas directory helps families and business owners compare the types of multi-family offices available in the region. It gives context for considering a firm that combines investment management, financial planning, tax planning, philanthropy, and private investment services.

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  • GuideMFO fee models compared

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Sources

  1. True North Advisors, Who We Are
  2. True North Advisors
  3. True North Advisors, Team
  4. True North Advisors, Wealth Planning
  5. True North Advisors, Investment Management
  6. SEC Investment Adviser Public Disclosure, True North Advisors, LLC

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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