# Alpha Capital Management

> Alpha Capital Management is an SEC-registered investment advisory firm in Austin, TX, registered since 2002, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 121703
- Filed as: ALPHA CAPITAL MANAGEMENT
- Legal name: B&T Capital Management, Incorporated
- Also doing business as: ALPHA CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Austin, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121703
- AdvisorCensus page: https://advisorcensus.com/firm/alpha-capital-management-austin-tx-121703

## Quick answers

**How is Alpha Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Alpha Capital Management reports these compensation arrangements: a percentage of assets under its management.

**Where is Alpha Capital Management located?**
Alpha Capital Management's principal office is in Austin, TX, according to its Form ADV.

**Is Alpha Capital Management registered with the SEC or a state?**
Alpha Capital Management is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 121703.

**How much does Alpha Capital Management manage?**
Alpha Capital Management reports $871,430,846 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (99% discretionary).

**How have Alpha Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Alpha Capital Management: Regulatory assets under management: $518,419,353 in the October 2021 data and $871,430,846 in the October 2026 data, up 68%. Total employees: 6 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Alpha Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (261); high net worth individuals (201); charitable organizations (6).

**Which custodians does Alpha Capital Management use?**
Alpha Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co. Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Alpha Capital Management 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/121703

**What changed in Alpha Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 5. Regulatory assets under management went from $766,253,241 to $871,430,846 (+14%).

## From the Form ADV filing

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

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

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: $871,430,846
- Discretionary: $863,253,446
- Non-discretionary: $8,177,400

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 261 | $83,821,808 |
| High net worth individuals | 201 | $766,051,598 |
| Charitable organizations | 6 | $21,557,440 |

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

### Firm details
- Registered since: 2002 (23 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, FL, LA, NC, ND, NY, OH, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- alphacapm.com
- LinkedIn @alpha-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $518,419,353 | 6 | February 9, 2021 |
| October 2022 | $674,577,371 | 6 | February 9, 2022 |
| October 2023 | $564,234,176 | 5 | June 13, 2023 |
| October 2024 | $672,587,766 | 7 | February 12, 2024 |
| October 2025 | $766,253,241 | 7 | February 25, 2025 |
| October 2026 | $871,430,846 | 9 | March 31, 2026 |

Regulatory assets under management: $518,419,353 in the October 2021 data and $871,430,846 in the October 2026 data, up 68%.
Total employees: 6 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 5.
- Regulatory assets under management went from $766,253,241 to $871,430,846 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Alpha Capital Management (CRD 121703): Form ADV filing data as of October 2026.