{
  "crd_number": 171128,
  "slug": "advantage-capital-management-new-york-ny-171128",
  "primary_business_name": "ADVANTAGE CAPITAL MANAGEMENT",
  "legal_name": "ADVANTAGE CAPITAL MANAGEMENT LLC",
  "dbas": [
    "ACM",
    "ADVANTAGE CAPITAL MANAGEMENT"
  ],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-05-14",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-09-22",
  "carried_forward": false,
  "raum_total": 8260036906.0,
  "raum_discretionary": 8079389864.0,
  "raum_non_discretionary": 180647042.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 30,
  "advisory_employees": 26,
  "client_count_bucket": null,
  "clients_by_type": {
    "insurance_companies": {
      "raum": 7818179183.0,
      "count": 8
    },
    "pooled_investment_vehicles": {
      "raum": 441857723.0,
      "count": 5
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "NY"
  ],
  "websites": [
    "https://acap.com",
    "https://linkedin.com/company/a-cap"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/171128",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/advantage-capital-management-new-york-ny-171128",
  "display_name": "Advantage Capital Management",
  "summary": "Advantage Capital Management is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.",
  "citation": "AdvisorCensus. Advantage Capital Management (CRD 171128): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Advantage Capital Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Advantage Capital Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does Advantage Capital Management's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated April 30, 2026 states: Asset-based fee: 0.15% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Advantage Capital Management located?",
      "a": "Advantage Capital Management's principal office is in New York, NY, according to its Form ADV; the August 2025 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Advantage Capital Management registered with the SEC or a state?",
      "a": "Advantage Capital Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171128."
    },
    {
      "q": "How much does Advantage Capital Management manage?",
      "a": "Advantage Capital Management reports $8,260,036,906 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (98% discretionary)."
    },
    {
      "q": "How have Advantage Capital Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Advantage Capital Management: Regulatory assets under management: $4,000,000,000 in the October 2021 data and $8,260,036,906 in the October 2026 data, up 107%. Total employees: 16 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Advantage Capital Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: insurance companies (8); pooled investment vehicles (other than investment companies and business development companies) (5)."
    },
    {
      "q": "Which custodians does Advantage Capital Management use?",
      "a": "Advantage Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Global Markets, LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Advantage Capital Management report any disciplinary disclosures?",
      "a": "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/171128"
    },
    {
      "q": "Does Advantage Capital Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 30, 2026 says: \"Regardless of client type, Advantage may seek a minimum dollar fee or a minimum mandate size in an amount typically equal to $10,000,000.\""
    },
    {
      "q": "What changed in Advantage Capital Management's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Registered or notice-filed in FL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 4000000000.0,
      "total_employees": 16,
      "filing_date": "2021-08-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 5176732780.0,
      "total_employees": 20,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 5302383033.0,
      "total_employees": 20,
      "filing_date": "2023-06-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 6459557388.0,
      "total_employees": 30,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 9301440152.0,
      "total_employees": 26,
      "filing_date": "2025-07-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 8260036906.0,
      "total_employees": 30,
      "filing_date": "2026-09-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Registered or notice-filed in FL."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $9,301,440,152 to $8,260,036,906 (-11%)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in IL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 30, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.15% to 1% a year",
    "stated_maximum": null,
    "account_minimum": "$10,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.15% to 1% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Generally, Base Fees range from 0.15% to 1.00% per year on the principal amount of the assets managed by Advantage, paid monthly in arrears."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $10,000,000"
        ],
        "quotes": [
          "Regardless of client type, Advantage may seek a minimum dollar fee or a minimum mandate size in an amount typically equal to $10,000,000."
        ]
      }
    ],
    "quotes": [
      "Generally, Base Fees range from 0.15% to 1.00% per year on the principal amount of the assets managed by Advantage, paid monthly in arrears.",
      "Regardless of client type, Advantage may seek a minimum dollar fee or a minimum mandate size in an amount typically equal to $10,000,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "State Street Global Markets, LLC",
      "name_as_filed": "STATE STREET GLOBAL MARKETS, LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/advantage-capital-management-new-york-ny-171128.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 441857723.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 8,
      "fewer_than_5": false,
      "raum": 7818179183.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/171128",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}