Luther King Capital Management

Financial planner in Fort Worth, TX (show on map)

Investment management firm founded in 1979, serving high net worth individuals and institutions with a focus on superior risk-adjusted returns.

Call (817) 332-3235

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About

Founded in 1979, Luther King Capital Management (LKCM) is an SEC-registered investment advisory firm headquartered in Fort Worth, Texas, with additional offices in Austin, San Antonio, and Dallas. LKCM provides tailored investment management services to high-net-worth individuals, foundations, endowments, investment companies, pension and profit-sharing plans, trusts and estates, and other institutional clients.

The firm's investment philosophy emphasizes fundamental analysis of high-quality businesses that exhibit market dominance, high or rising returns on invested capital, strong cash flow characteristics, and sound balance sheets. This approach, coupled with long-standing valuation disciplines, aims to manage overall investment risk while delivering superior risk-adjusted returns over the market cycle. LKCM's experienced, proprietary research team plays a central role in identifying these investment opportunities, supported by a diverse team of 110 professionals, including 73 investment and other professionals, 28 CFAs, 8 CPAs, 4 CFPs, and 38 employees with MBAs. As of March 31, 2026, the firm's assets under management stood at $29.1 billion.

Proprietary research capabilities

Comprehensive investment approach

Focus on high-quality businesses

Long-standing valuation disciplines

Diverse team of 110 professionals including CFAs, CPAs, CFPs, and MBAs

Services

Investment Management

Tailored investment management services for high net worth individuals, foundations, endowments, investment companies, pension and profit-sharing plans, trusts and estates, and other institutional clients.

Fundamental analysis of high-quality businesses Focus on market dominance, high returns on invested capital, strong cash flow, and sound balance sheets Long-standing valuation disciplines to manage risk Proprietary research team identifying investment opportunities Diverse team of 110 professionals including CFAs, CPAs, CFPs, and MBAs

Mutual Funds

A family of mutual funds including the LKCM Small Cap Equity Fund, LKCM Small-Mid Cap Equity Fund, LKCM Equity Fund, LKCM Balanced Fund, and LKCM Fixed Income Fund.

Diversified investment options Managed by experienced investment professionals Aligned with LKCM's investment philosophy

Private Investment Partnerships

A Texas-based private investment partnership that seeks to partner with management teams to build highly successful companies.

Partnership model with management teams Focus on building successful companies Active involvement in portfolio companies

Credentials & Certifications

CFA

Since 1962

Juris Doctor

Since 1970s

Master of Business Administration

Since 1966

Frequently Asked Questions

What is LKCM's investment philosophy? +

LKCM's investment philosophy, founded in 1979, focuses on investing in high-quality businesses that produce consistent, repeatable, and superior risk-adjusted returns. The firm emphasizes fundamental analysis of companies with market dominance, high or rising returns on invested capital, strong cash flow characteristics, and sound balance sheets, coupled with long-standing valuation disciplines to manage overall investment risk.

What types of clients does LKCM serve? +

LKCM serves high net worth individuals, foundations, endowments, investment companies, pension and profit-sharing plans, trusts and estates, and other institutional clients.

What is the history of LKCM? +

LKCM was founded by J. Luther King, Jr. in 1979 in Fort Worth, Texas. The firm has grown to include offices in Fort Worth, Austin, San Antonio, and Dallas, with assets under management of $29.1 billion as of March 31, 2026.