# Applied Capital

> Applied Capital is an SEC-registered investment advisory firm, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 11, 2026.

- CRD: 128996
- Filed as: APPLIED CAPITAL
- Legal name: Applied Capital LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: September 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/128996
- AdvisorCensus page: https://advisorcensus.com/firm/applied-capital-128996

## Quick answers

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

**Is Applied Capital registered with the SEC or a state?**
Applied Capital is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 128996.

**How much does Applied Capital manage?**
Applied Capital reports $157,400,236 in regulatory assets under management in its Form ADV filing dated September 11, 2026 (100% discretionary).

**How have Applied Capital's assets and staff changed since 2022?**
In the Form ADV data for Applied Capital: Regulatory assets under management: $112,690,074 in the October 2022 data and $157,400,236 in the October 2026 data, up 40%. Total employees: 1 in October 2022 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Applied Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (188); high net worth individuals (76); corporations or other businesses not listed above (1).

**Which custodians does Applied Capital use?**
Applied Capital'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 Applied Capital 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/128996

**Does Applied Capital state an account minimum?**
Its Form ADV Part 2A brochure dated January 14, 2026 says: "Our Firm maintain s a minimum of $ 100,000 in aggregate investable assets to become a client of Applied Capital. This minimum is negotiable."

**What changed in Applied Capital's recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in NJ, WI.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated January 14, 2026)

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> Our Firm maintain s a minimum of $ 100,000 in aggregate investable assets to become a client of Applied Capital. This minimum is negotiable.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### 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: $157,400,236
- Discretionary: $157,400,236
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 188 | $42,481,892 |
| High net worth individuals | 76 | $114,713,141 |
| 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) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 1 | $205,203 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2021 (4 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, IL, MI, NJ, OH, TN, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [appliedcapitalllc.com](https://appliedcapitalllc.com)
- Facebook @appliedcapitalChicago

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $112,690,074 | 1 | January 31, 2022 |
| October 2023 | $101,727,783 | 1 | January 23, 2023 |
| October 2024 | $111,427,700 | 1 | January 21, 2024 |
| October 2025 | $132,955,020 | 1 | March 5, 2025 |
| October 2026 | $157,400,236 | 2 | September 11, 2026 |

Regulatory assets under management: $112,690,074 in the October 2022 data and $157,400,236 in the October 2026 data, up 40%.
Total employees: 1 in October 2022 and 2 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in NJ, WI.

### February 2026
- Employees performing advisory functions went from 1 to 2.
- Regulatory assets under management went from $132,955,020 to $157,400,236 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Applied Capital (CRD 128996): Form ADV filing data as of October 2026.