Firm profile

Lscp Advisors, LLC

AUSTIN, TXCRD 286018Registration Status: ApprovedEffective since November 26, 2018SEC # 801-114341Latest ADV March 31, 2026

Lscp Advisors, LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Austin, TX. Its latest Form ADV filing, dated March 31, 2026, reports $233M in regulatory assets under management, 16 employees, 1 office, and 5 accounts.

Assets Under Management
$233M
Employees
16
Offices
1 office
Total Clients
5

Associated firm names

2 names listed
  • LEGACY STAR CAPITAL PARTNERS, LLC
  • LSCP ADVISORS, LLC

Leadership

1 roles identified
CCORebecca Leightman

Advisory services offered

1 types reported
Portfolio management for pooled investment vehicles

Fee models offered

2 types reported
Asset based fees
Performance-based fees

Offices & Contact

Primary office

AUSTIN, Texas, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Texas

AUSTINPrimary office

1 office records listed · 1 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links
Phone512-407-2600
WebsiteNot found
LinkedInNot found

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$233Mas of March 31, 2026
Discretionary100.0%
$233M
100% of total RAUM100.0%
Non-discretionary0.0%
$0
0% of total RAUM0.0%
All regulatory assets under management are discretionary.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 100.0% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
100.0%
5

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$233M
Total Accounts5
10Y AUM Change$-188M (-44.6%)

Private Funds

Private funds reported by Lscp Advisors, LLC

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees16
Clients per Employee0:1
10Y Employee Change+8 (+100.0%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
PJS HOLDINGS, LPDirect owner · Schedule AInterest in LSCP ADVISORS, LLC
50% to < 75%
HERITAGE 6-S, LTD.Direct owner · Schedule AInterest in LSCP ADVISORS, LLC
50% to < 75%
PATRICK JAMES STARLEYDirect owner · Schedule AInterest in LSCP ADVISORS, LLC
< 5%
TODD BENJAMIN STOLLERDirect owner · Schedule AInterest in LSCP ADVISORS, LLC
< 5%
PJS HOLDINGS GENPAR, LLCIndirect owner · Schedule BInterest in PJS HOLDINGS, LP
75%+
TOSTA, LLCIndirect owner · Schedule BInterest in HERITAGE 6-S, LTD.
75%+
PATRICK JAMES STARLEYIndirect owner · Schedule BInterest in PJS HOLDINGS GENPAR, LLC
75%+
TODD BENJAMIN STOLLERIndirect owner · Schedule BInterest in TOSTA, LLC
75%+

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Lscp Advisors, LLC.

Reported ownership and control details

Form ADV · Filing date 2026-03-31 · Schedules A and B

9 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1PJS HOLDINGS, LPMEMBERDomestic entityLSCP ADVISORS, LLC50% to less than 75%Code DYesMEMBER05/2016Schedule APDF page 34
2HERITAGE 6-S, LTD.MEMBERDomestic entityLSCP ADVISORS, LLC50% to less than 75%Code DYesMEMBER05/2016Schedule APDF page 34
3PATRICK JAMES STARLEYMANAGING PARTNERIndividualLSCP ADVISORS, LLCLess than 5%Code NAYesMANAGING PARTNER05/2016Schedule APDF page 34
4TODD BENJAMIN STOLLERMANAGING PARTNERIndividualLSCP ADVISORS, LLCLess than 5%Code NAYesMANAGING PARTNER05/2016Schedule APDF page 34
5Rebecca LeightmanCHIEF COMPLIANCE OFFICERIndividualLSCP ADVISORS, LLCLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER04/2022Schedule APDF page 34
6PJS HOLDINGS GENPAR, LLCGENERAL PARTNERDomestic entityPJS HOLDINGS, LP75% or moreCode EYesGENERAL PARTNER05/2016Schedule BPDF page 34
7TOSTA, LLCGENERAL PARTNERDomestic entityHERITAGE 6-S, LTD.75% or moreCode EYesGENERAL PARTNER05/2016Schedule BPDF page 34
8PATRICK JAMES STARLEYMEMBERIndividualPJS HOLDINGS GENPAR, LLC75% or moreCode EYesMEMBER05/2016Schedule BPDF page 34
9TODD BENJAMIN STOLLERMEMBERIndividualTOSTA, LLC75% or moreCode EYesMEMBER05/2016Schedule BPDF page 34

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 3/31/2026 4:31:29 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings1 Yes3 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?Yes
Additional DRP filings 1 source block

Verbatim excerpts from supporting DRP filings, which may concern the firm or advisory affiliates. Amounts retain their filed labels; no total or attribution is inferred.

civil judicial · block 1PDF pages 35–37
Full extracted filing text

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Item 11.H. of Part
1A or Item 2.F. of Part 1B of Form ADV.
Civil Judicial
Check Part 1A item(s) being responded to:
11.H(1)(a)
11.H(1)(b)
11.H(1)(c)
11.H(2)
Check Part 1B item(s) being responded to:
2.F(1)
2.F(2)
2.F(3)
2.F(4)
2.F(5)
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Item 11.H. of Part 1A or Item 2.F. of Part 1B. Use only one DRP to report details related to the
same event. Unrelated civil judicial actions must be reported on separate DRPs.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.H.
(1)(a), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No

NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Court Action initiated by: (Name of regulator, foreign financial regulatory authority, SRO, commodities exchange, agency, firm, private plaintiff, etc.) 
PRIVATE PLAINTIFF
2.
Principal Relief Sought:
Other
Other Relief Sought: 
CERTAIN FINANCIAL AND OPERATING REPORTS TO BROWNING OIL COMPANY, INC. ("COMPLAINANT" OR "BROWNING") THAT WERE REQUIRED TO BE
DELIVERED TO BROWNING UNDER THE FUND OPERATING DOCUMENTS OF LSCP ENERGY FUND HOLDINGS I, LP.
3.
Filing Date of Court Action (MM/DD/YYYY):
11/18/2024
 Exact
 Explanation
If not exact, provide explanation:
4.
Principal Product Type:
No Product
Other Product Types: 
5.
Formal Action was brought in (include name of Federal, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case
Number): 
DISTRICT COURT OF TRAVIS COUNTY, TEXAS
6.
Advisory Affiliate Employing Firm when activity occurred which led to the civil judicial action (if applicable): 
7.
Describe the allegations related to this civil action (your response must fit within the space provided): 
THE COMPLAINANT ALLEGES THAT THE GENERAL PARTNER FOR THE FUND FAILED TO PROVIDE TO THE COMPLAINANT CERTAIN FINANCIAL REPORTING
INFORMATION WITH RESPECT TO LSCP ENERGY FUND HOLDINGS I, LP, A FUND MANAGED BY THE GENERAL PARTNER AND IN WHICH THE COMPLAINANT
IS INVESTED AS A LIMITED PARTNER.
8.
Current Status? 
 Pending
 On Appeal
 Final
9.
If on appeal, action appealed to (provide name of court) and Date Appeal Filed (MM/DD/YYYY): 
10. If pending, date notice/process was served (MM/DD/YYYY):
03/31/2025
 Exact
 Explanation
If not exact, provide explanation:
BOTH PARTIES HAVE UNDERTAKEN TO CONDUCT A MEDIATION IN ORDER TO RESOLVE THE ISSUE BETWEEN BOTH PARTIES. AS OF THE DATE OF FILING,
THE DATE OF MEDIATION IS STILL PENDING.
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 14 only.
11. How was matter resolved:
12. Resolution Date (MM/DD/YYYY): 
 Exact
 Explanation
If not exact, provide explanation:
13. Resolution Detail:
A.  Were any of the following Sanctions Ordered or Relief Granted(check appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions:
C.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement, or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived:
14. Provide a brief summary of circumstances related to the action(s), allegation(s), disposition(s) and/or finding(s) disclosed above (your response must

fit within the space provided). 
AN AFFILIATE OF THE ADVISOR IS CURRENTLY INVOLVED IN A PENDING AND CONFIDENTIAL ARBITRATION MATTER WITH AN INVESTOR THAT ALLEGES
CERTAIN CONDUCT REGARDING DELIVERY OF FINANCIAL STATEMENTS. THE MATTER IS PENDING AND NO DECISION HAS BEEN ISSUED. THE CLAIMANT
SEEKS DAMAGES; HOWEVER, MATTER IS IN ITS PRELIMINARY STAGES, AND THE ULTIMATE OUTCOME CANNOT BE PREDICTED AT THIS TIME. THE
ADVISOR CONTINUES TO OPERATE ITS ADVISORY BUSINESS IN THE ORDINARY COURSE.

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.