# Adalta Capital Management LLC

> Adalta Capital Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2016, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 283771
- Filed as: ADALTA CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283771
- AdvisorCensus page: https://advisorcensus.com/firm/adalta-capital-management-llc-new-york-ny-283771

## Quick answers

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

**Where is Adalta Capital Management LLC located?**
Adalta Capital Management LLC's principal office is in New York, NY, according to its Form ADV.

**Is Adalta Capital Management LLC registered with the SEC or a state?**
Adalta Capital Management LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 283771.

**How much does Adalta Capital Management LLC manage?**
Adalta Capital Management LLC reports $305,531,576 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (99% discretionary).

**How have Adalta Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Adalta Capital Management LLC: Regulatory assets under management: $221,483,568 in the October 2021 data and $305,531,576 in the October 2026 data, up 38%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Adalta Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (53); individuals (other than high net worth individuals) (20); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Adalta Capital Management LLC use?**
Adalta Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as custodians holding 10% or more of its separately managed account assets.

**Does Adalta 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/283771

**What changed in Adalta Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $273,925,166 to $305,531,576 (+12%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- J.P. Morgan Securities LLC
- Merrill Lynch, Pierce, Fenner & Smith Incorporated

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: $305,531,576
- Discretionary: $302,852,716
- Non-discretionary: $2,678,860

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 20 | $6,853,201 |
| High net worth individuals | 53 | $250,575,021 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $717,654 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,806,809 |
| Charitable organizations | Fewer than 5 | $37,699,534 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $7,879,357 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2016 (10 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [adaltacap.com](https://adaltacap.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $221,483,568 | 4 | March 31, 2021 |
| October 2022 | $295,709,994 | 3 | April 5, 2022 |
| October 2023 | $233,092,451 | 3 | April 1, 2023 |
| October 2024 | $258,033,989 | 3 | March 30, 2024 |
| October 2025 | $273,925,166 | 3 | March 31, 2025 |
| October 2026 | $305,531,576 | 3 | March 31, 2026 |

Regulatory assets under management: $221,483,568 in the October 2021 data and $305,531,576 in the October 2026 data, up 38%.
Total employees: 4 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $273,925,166 to $305,531,576 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Adalta Capital Management LLC (CRD 283771): Form ADV filing data as of October 2026.