Frost Investment Services

Registered investment adviser · San Antonio, TX · CRD #286129

Form ADV data as of 2026-09-01

Regulatory assets

$3.67 billion

Total accounts

3,656

Employees

177

Disclosure events

Firm details

Telephone: 210.220.5000
SEC file number: 801-108754
Most recent Form ADV filing: 2026-03-24
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$3.67 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$3.67 billion
Discretionary accounts	3,656
Non-discretionary accounts	0
Total accounts	3,656
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	177
Employees performing investment advisory functions (including research)	111
Employees who are registered representatives of a broker-dealer	107
Employees registered as investment adviser representatives with a state	107
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	73
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$312.9 million
Clients for whom the firm has custody	115
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under management

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clients

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Banking or thrift institutionInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner
Recommends brokers or dealers to clients
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	2,484	$777.7 million
High net worth individuals	535	$1.36 billion
Charitable organizations	4	$2.0 million
Corporations or other businesses not listed above	633	$1.53 billion