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Private Wealth Asset Management
Private Wealth Asset Management operates from Midland, Texas, with an additional office in San Antonio. It provides investment advisory, estate planning, and...
Private Wealth Asset Management
Private Wealth Asset Management operates from Midland, Texas, with an additional office in San Antonio. It provides investment advisory, estate planning, and tax services to families, endowments, and foundations. The firm maintains a dedicated philanthropic division. Asset allocation spans natural resources, real estate, hedge funds, private equity, and direct co-investments. Confirmed holdings include public equity increases in Interactive Brokers Group by 300% and Weyerhaeuser by 135% during the second quarter of 2025. The firm also manages Permian Basin energy assets and West Texas ranches and farmland. Geographic focus remains North America. The firm reports an estimated $1.9B under management. It maintains relationships with custodians Fidelity Institutional and Charles Schwab. Adjacent vehicles include Private Wealth Philanthropic Services. Partners participate in Barron's Advisor Summit and Forbes/SHOOK Top Advisor Summit events. Ownership ties link the firm to Fidelis Capital through shared principals. Direct co-investment access and pre-IPO facilitation form core elements of the mandate alongside long-term illiquid holdings.
General information
Firm type
Multi Family Office
Year founded
2008
AUM
1.9B (Altss estimate)
Location
Region
North America
Country
United States
City
Kansas City
Corporate office
901B Tradewinds Blvd, Midland, TX 79706, United States
Additional offices
San Antonio, TX, United States
Principals
Kim Cappellano
Founding Partner and Director of Philanthropic Services
Altss tracks 3 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Private Wealth Asset Management?
Kim Cappellano serves as founding partner with oversight of philanthropic services. Bryan Frazier heads energy asset management and Rodney Kleman leads real estate. Maxwell Smith acts as principal owner of the related advisor entity.
Does Private Wealth Asset Management participate in fund commitments or only direct deals?
The firm executes both direct co-investments and public equity purchases. It also maintains allocations to hedge funds and private equity vehicles. Confirmed direct holdings include PW Energy and pre-IPO positions.
What investment stages does Private Wealth Asset Management typically target?
The firm targets pre-IPO opportunities alongside long-term holdings in operating businesses and public equities. Liquidity terms require minimum holding periods with no ready market for exit.
Where does the underlying wealth come from?
Wealth origin is not publicly attributed to a specific family branch. The firm serves multiple client families with exposure to energy, real estate, and natural resources in West Texas.
How is Private Wealth Asset Management related to Fidelis Capital?
The two entities share common ownership. Fidelis Capital appears as a co-investor alongside Private Wealth Asset Management in the Altss relationship records.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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