# 15 Equity

> 15 Equity is an SEC-registered investment advisory firm in Santa Barbara, CA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 310628
- Filed as: 15 EQUITY
- Legal name: 15 Equity, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Santa Barbara, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310628
- AdvisorCensus page: https://advisorcensus.com/firm/15-equity-santa-barbara-ca-310628

## Quick answers

**How is 15 Equity compensated?**
On its Form ADV (Item 5.E, October 2026), 15 Equity reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is 15 Equity located?**
15 Equity's principal office is in Santa Barbara, CA, according to its Form ADV.

**Is 15 Equity registered with the SEC or a state?**
15 Equity is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310628.

**How much does 15 Equity manage?**
15 Equity reports $135,936,843 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (70% discretionary).

**How have 15 Equity's assets and staff changed since 2021?**
In the Form ADV data for 15 Equity: Regulatory assets under management: $122,397,889 in the October 2021 data and $135,936,843 in the October 2026 data, up 11%. Total employees: 2 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 15 Equity serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (60); individuals (other than high net worth individuals) (52).

**Which custodians does 15 Equity use?**
15 Equity's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does 15 Equity 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/310628

**What changed in 15 Equity's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $123,190,418 to $135,936,843 (+10%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $135,936,843
- Discretionary: $95,123,980
- Non-discretionary: $40,812,863

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 52 | $12,678,961 |
| High net worth individuals | 60 | $109,346,741 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,172,020 |
| Charitable organizations | Fewer than 5 | $2,118,254 |
| Corporations or other businesses not listed above | Fewer than 5 | $10,620,867 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2020 (5 years)
- Employees: 7 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, LA, NC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- 15equity.com
- LinkedIn @15-equity

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $122,397,889 | 2 | April 29, 2021 |
| October 2022 | $113,264,815 | 4 | March 31, 2022 |
| October 2023 | $105,428,719 | 3 | March 30, 2023 |
| October 2024 | $116,380,336 | 3 | June 4, 2024 |
| October 2025 | $123,190,418 | 3 | March 31, 2025 |
| October 2026 | $135,936,843 | 7 | March 27, 2026 |

Regulatory assets under management: $122,397,889 in the October 2021 data and $135,936,843 in the October 2026 data, up 11%.
Total employees: 2 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $123,190,418 to $135,936,843 (+10%).

### December 2025
- Item 11 disclosure answers changed: 0 yes answers, previously 4 (now no: 11.C(1), 11.C(2), 11.C(4), 11.C(5)).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 15 Equity (CRD 310628): Form ADV filing data as of October 2026.