# Angel Oak Capital Advisors, LLC

> Angel Oak Capital Advisors, LLC is an SEC-registered investment advisory firm in Atlanta, GA, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 151090
- Filed as: ANGEL OAK CAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Atlanta, GA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/151090
- AdvisorCensus page: https://advisorcensus.com/firm/angel-oak-capital-advisors-llc-atlanta-ga-151090

## Quick answers

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

**Where is Angel Oak Capital Advisors, LLC located?**
Angel Oak Capital Advisors, LLC's principal office is in Atlanta, GA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Angel Oak Capital Advisors, LLC registered with the SEC or a state?**
Angel Oak Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 151090.

**How much does Angel Oak Capital Advisors, LLC manage?**
Angel Oak Capital Advisors, LLC reports $11,493,913,535 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (99% discretionary).

**How have Angel Oak Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Angel Oak Capital Advisors, LLC: Regulatory assets under management: $12,393,710,201 in the October 2021 data and $11,493,913,535 in the October 2026 data, down 7%. Total employees: 80 in October 2021 and 78 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Angel Oak Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13); investment companies (11); insurance companies (10).

**Which custodians does Angel Oak Capital Advisors, LLC use?**
Angel Oak Capital Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon and U.S. Bank National Association as custodians holding 10% or more of its separately managed account assets.

**Does Angel Oak Capital Advisors, LLC report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/151090

**What changed in Angel Oak Capital Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 25 to 24. Regulatory assets under management went from $10,214,689,935 to $11,493,913,535 (+13%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York Mellon
- U.S. Bank National Association

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: $11,493,913,535
- Discretionary: $11,346,334,955
- Non-discretionary: $147,578,580

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | Fewer than 5 | $141,576,879 |
| Investment companies | 11 | $6,899,861,634 |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $1,900,761,839 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,047,137,372 |
| Other investment advisers | Fewer than 5 | $59,954,006 |
| Insurance companies | 10 | $1,444,621,805 |

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

### Firm details
- Registered since: 2009 (16 years)
- Employees: 78 total, 24 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, DE, GA, WA
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/151090

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bellevue, WA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- angeloakcapital.com
- angeloakfunds.com
- LinkedIn @angel-oak-capital-advisors-llc
- X @angeloakcap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,393,710,201 | 80 | August 12, 2021 |
| October 2022 | $17,367,832,687 | 80 | August 18, 2022 |
| October 2023 | $12,195,563,266 | 82 | April 25, 2023 |
| October 2024 | $10,374,449,774 | 78 | July 19, 2024 |
| October 2025 | $10,214,689,935 | 74 | April 30, 2025 |
| October 2026 | $11,493,913,535 | 78 | March 31, 2026 |

Regulatory assets under management: $12,393,710,201 in the October 2021 data and $11,493,913,535 in the October 2026 data, down 7%.
Total employees: 80 in October 2021 and 78 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 25 to 24.
- Regulatory assets under management went from $10,214,689,935 to $11,493,913,535 (+13%).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Angel Oak Capital Advisors, LLC (CRD 151090): Form ADV filing data as of October 2026.