# 1492 Capital Management, LLC

> 1492 Capital Management, LLC is an SEC-registered investment advisory firm in Milwaukee, WI, registered since 2009, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 148566
- Filed as: 1492 CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Milwaukee, WI
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148566
- AdvisorCensus page: https://advisorcensus.com/firm/1492-capital-management-llc-milwaukee-wi-148566

## Quick answers

**How is 1492 Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), 1492 Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is 1492 Capital Management, LLC located?**
1492 Capital Management, LLC's principal office is in Milwaukee, WI, according to its Form ADV.

**Is 1492 Capital Management, LLC registered with the SEC or a state?**
1492 Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 148566.

**How much does 1492 Capital Management, LLC manage?**
1492 Capital Management, LLC reports $274,626,922 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have 1492 Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for 1492 Capital Management, LLC: Regulatory assets under management: $188,129,328 in the October 2021 data and $274,626,922 in the October 2026 data, up 46%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 1492 Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (74); individuals (other than high net worth individuals) (11); charitable organizations (9).

**Which custodians does 1492 Capital Management, LLC use?**
1492 Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon and U.S. Bancorp as custodians holding 10% or more of its separately managed account assets.

**Does 1492 Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/148566

**What changed in 1492 Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $220,388,507 to $274,626,922 (+25%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- U.S. Bancorp

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $274,626,922
- Discretionary: $274,626,922
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 11 | $3,771,423 |
| High net worth individuals | 74 | $153,751,063 |
| Charitable organizations | 9 | $32,891,715 |
| Corporations or other businesses not listed above | 4 | $84,212,721 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2009 (17 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: PA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- 1492capitalmanagement.com
- LinkedIn @1492-capital-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $188,129,328 | 5 | March 25, 2021 |
| October 2022 | $223,921,547 | 5 | March 30, 2022 |
| October 2023 | $174,891,971 | 5 | March 31, 2023 |
| October 2024 | $191,622,946 | 5 | March 27, 2024 |
| October 2025 | $220,388,507 | 5 | March 25, 2025 |
| October 2026 | $274,626,922 | 5 | March 30, 2026 |

Regulatory assets under management: $188,129,328 in the October 2021 data and $274,626,922 in the October 2026 data, up 46%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $220,388,507 to $274,626,922 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 1492 Capital Management, LLC (CRD 148566): Form ADV filing data as of October 2026.