# Financial advisors in Portola Valley, CA > AdvisorCensus lists 13 investment advisory firms with a principal office in Portola Valley, California (part of the San Francisco metro area), drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; the full San Francisco metro area, including neighboring cities, is on its own page. Firms may request removal from the directory, so this count can differ from the number of firms that file Form ADV. Source: Form ADV filings as of October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/ca/san-francisco/portola-valley ## At a glance - Investment advisory firms: 13 - Registration: SEC-registered investment adviser: 2, Exempt reporting adviser: 11 - How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Percentage of assets 2 (100%); Performance-based fees 2 (100%); Other 1 (50%); No compensation arrangements reported 11 - Regulatory assets under management (Item 5.F): $1 billion to $5 billion 2 (15%); Not reported 11 (85%) - Years registered: Under 5 years 4 (31%); 5 to 9 years 3 (23%); 10 to 19 years 3 (23%); 20 years or more 1 (8%); Not reported 2 (15%) ## Firms (page 1 of 1, 1 to 13 of 13, sorted by name) | Firm | CRD | City | Registration | Assets band | Years registered | Compensation | | --- | --- | --- | --- | --- | --- | --- | | [Almaz Capital](https://advisorcensus.com/firm/almaz-capital-portola-valley-ca-171092) ([md](https://advisorcensus.com/firm/almaz-capital-portola-valley-ca-171092.md)) | 171092 | Portola Valley, CA | Exempt reporting adviser | Not reported | 12 | Not reported | | [Almaz Capital Partners, Ltd](https://advisorcensus.com/firm/almaz-capital-partners-ltd-portola-valley-ca-163790) ([md](https://advisorcensus.com/firm/almaz-capital-partners-ltd-portola-valley-ca-163790.md)) | 163790 | Portola Valley, CA | Exempt reporting adviser | Not reported | Not reported | Not reported | | [Cluain-Eraird Equity Investors, LLC](https://advisorcensus.com/firm/cluain-eraird-equity-investors-llc-portola-valley-ca-136234) ([md](https://advisorcensus.com/firm/cluain-eraird-equity-investors-llc-portola-valley-ca-136234.md)) | 136234 | Portola Valley, CA | Exempt reporting adviser | Not reported | Not reported | Not reported | | [Eleven Prime LLC](https://advisorcensus.com/firm/eleven-prime-llc-portola-valley-ca-310344) ([md](https://advisorcensus.com/firm/eleven-prime-llc-portola-valley-ca-310344.md)) | 310344 | Portola Valley, CA | Exempt reporting adviser | Not reported | 0 | Not reported | | [G2VP, LLC](https://advisorcensus.com/firm/g2vp-llc-portola-valley-ca-288490) ([md](https://advisorcensus.com/firm/g2vp-llc-portola-valley-ca-288490.md)) | 288490 | Portola Valley, CA | Exempt reporting adviser | Not reported | 9 | Not reported | | [Leadout Capital Management, LLC](https://advisorcensus.com/firm/leadout-capital-management-llc-portola-valley-ca-302030) ([md](https://advisorcensus.com/firm/leadout-capital-management-llc-portola-valley-ca-302030.md)) | 302030 | Portola Valley, CA | Exempt reporting adviser | Not reported | 6 | Not reported | | [Lightstone Ventures](https://advisorcensus.com/firm/lightstone-ventures-portola-valley-ca-168121) ([md](https://advisorcensus.com/firm/lightstone-ventures-portola-valley-ca-168121.md)) | 168121 | Portola Valley, CA | Exempt reporting adviser | Not reported | 13 | Not reported | | [Next Legacy Management, LLC](https://advisorcensus.com/firm/next-legacy-management-llc-portola-valley-ca-156640) ([md](https://advisorcensus.com/firm/next-legacy-management-llc-portola-valley-ca-156640.md)) | 156640 | Portola Valley, CA | SEC-registered investment adviser | $1 billion to $5 billion | 14 | % of assets, Performance fee | | [Scribble Ventures Management, LLC](https://advisorcensus.com/firm/scribble-ventures-management-llc-portola-valley-ca-313359) ([md](https://advisorcensus.com/firm/scribble-ventures-management-llc-portola-valley-ca-313359.md)) | 313359 | Portola Valley, CA | Exempt reporting adviser | Not reported | 5 | Not reported | | [Shasta Ventures](https://advisorcensus.com/firm/shasta-ventures-portola-valley-ca-162676) ([md](https://advisorcensus.com/firm/shasta-ventures-portola-valley-ca-162676.md)) | 162676 | Portola Valley, CA | Exempt reporting adviser | Not reported | 1 | Not reported | | [Theory Ventures Management, LLC](https://advisorcensus.com/firm/theory-ventures-management-llc-portola-valley-ca-326119) ([md](https://advisorcensus.com/firm/theory-ventures-management-llc-portola-valley-ca-326119.md)) | 326119 | Portola Valley, CA | Exempt reporting adviser | Not reported | 3 | Not reported | | [Western Technology Investment (WTI)](https://advisorcensus.com/firm/western-technology-investment-wti-portola-valley-ca-110429) ([md](https://advisorcensus.com/firm/western-technology-investment-wti-portola-valley-ca-110429.md)) | 110429 | Portola Valley, CA | SEC-registered investment adviser | $1 billion to $5 billion | 32 | % of assets, Performance fee, Other | | [Zelda Ventures, LLC](https://advisorcensus.com/firm/zelda-ventures-llc-portola-valley-ca-324291) ([md](https://advisorcensus.com/firm/zelda-ventures-llc-portola-valley-ca-324291.md)) | 324291 | Portola Valley, CA | Exempt reporting adviser | Not reported | 2 | Not reported | ## Questions people ask **How many financial advisory firms are there in Portola Valley, CA?** AdvisorCensus lists 13 investment advisory firms with a principal office in Portola Valley, California (part of the San Francisco metro area), from Form ADV filings as of October 2026: 2 SEC-registered, 0 state-registered, and 11 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV. **How many fee-only financial advisors are in Portola Valley, CA?** 0 of the 13 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed. **How many financial advisors in Portola Valley, CA offer financial planning?** 0 of the 2 firms in Portola Valley, CA that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports. **Are the financial advisors in Portola Valley, CA fiduciaries?** Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 0 firms that meet AdvisorCensus's fee-only test report none of those sales ties. **How do I check whether a financial advisor has disciplinary disclosures?** Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck. **Does AdvisorCensus rate, verify, or recommend these firms?** No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content. **What does regulatory assets under management mean?** Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. 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Financial advisors in Portola Valley, CA: 13 firms from Form ADV filings as of October 2026.