9AT: LYELL WEALTH MANAGEMENT LP

LYELL WEALTH MANAGEMENT LP

LYELL WEALTH MANAGEMENT LP

Adviser Profile

As of Date	03/27/2026
Registration	SEC, Approved, 05/27/2016
ADV Location	MENLO PARK, CA, United States
Contact Info	650 xxxxxxx
Websites

AUM^*	1,647,084,758 51%
of that, discretionary	1,647,084,758 51%
Number of Employees	11
of those in investment advisory functions	9
Private Fund GAV^*	0
Avg Account Size	5,365,097 40%
% High Net Worth	81.11% 0%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers
- Publication of periodicals or newsletters
- Educational seminars/workshops

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

2B 1B 1B 941M 706M 471M 235M

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

A. Description of the Advisory Firm Lyell Wealth Management LP (“Lyell” or the “Firm”) is a Delaware limited partnership formed in March 2016. The principal owners of Lyell are Jeffrey Berry, Kevin Connell, Matt Bennitt and Nancy Tuck. B. Types of Advisory Services Lyell provides investment advisory and management services to: individuals, high net worth individuals (including their IRAs), pension and profit-sharing plans (including 401ks), and charitable organizations (each, a “Client” and collectively Lyell’s “Clients”). Lyell may in the future provide additional services and/or provide services to other types of clients. Client relationships are governed by a written Investment Management Agreement (the “Agreement”) executed by both Lyell and the Client. Lyell will, at the direction of the Client, engage in financial planning services which incorporates the Client's other assets, including balance sheet, cash flow, tax and insurance analysis. The Firm will advise on Client's assets not managed by the Firm, as well as potential investment situations presented by the Client for the Firm’s review. From time to

time, the Firm also makes available to a Client or introduces a Client to other investment firms that provide services beyond the Firm's capabilities and expertise. Finally, the Firm publishes investment-related newsletters and produces educational seminars and workshops. C. Client Tailored Services and Client Imposed Restrictions Lyell provides investment advisory services in accordance with the investment objectives of the Client. As part of its investment process, the Firm will develop and maintain an “Investment Policy Statement” on behalf of the Client that reflects the current investment objectives, as such may be amended from time to time. Similarly, Clients may provide to the Firm a list of Excluded Assets, which may be amended at any time upon notice to the Firm. D. Wrap Fee Programs Lyell does not currently participate in wrap fee programs. E. Amounts Under Management Lyell manages the assets of the Clients and has the following assets under management: As of December 31, 2023, the Firm has $1,094,270,250 of assets under management on a discretionary basis and $0 on a non-discretionary basis.