# Ashford Capital Management Inc

> Ashford Capital Management Inc is an SEC-registered investment advisory firm in Wilmington, DE, registered since 1980, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 28, 2026.

- CRD: 110696
- Filed as: ASHFORD CAPITAL MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wilmington, DE
- Filing period: October 2026
- Form ADV filing dated: July 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110696
- AdvisorCensus page: https://advisorcensus.com/firm/ashford-capital-management-inc-wilmington-de-110696

## Quick answers

**How is Ashford Capital Management Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Ashford Capital Management Inc 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 Ashford Capital Management Inc located?**
Ashford Capital Management Inc's principal office is in Wilmington, DE, according to its Form ADV.

**Is Ashford Capital Management Inc registered with the SEC or a state?**
Ashford Capital Management Inc is an SEC-registered investment advisory firm, registered since 1980. Status as filed: Approved. CRD 110696.

**How much does Ashford Capital Management Inc manage?**
Ashford Capital Management Inc reports $965,833,061 in regulatory assets under management in its Form ADV filing dated July 28, 2026 (100% discretionary).

**How have Ashford Capital Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Ashford Capital Management Inc: Regulatory assets under management: $959,356,912 in the October 2021 data and $965,833,061 in the October 2026 data, up 1%. Total employees: 13 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ashford Capital Management Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (51); charitable organizations (28); individuals (other than high net worth individuals) (7).

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

**Does Ashford Capital Management Inc 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/110696

**What changed in Ashford Capital Management Inc's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## 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))
- Fidelity Brokerage Services LLC
- RBC Capital Markets, LLC
- Wilmington Trust Company

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: $965,833,061
- Discretionary: $965,833,061
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 7 | $5,529,287 |
| High net worth individuals | 51 | $276,158,176 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $265,318,882 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $58,575,013 |
| Charitable organizations | 28 | $359,099,113 |
| Corporations or other businesses not listed above | Fewer than 5 | $1,152,590 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters

### Firm details
- Registered since: 1980 (46 years)
- Employees: 14 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- ashfordcapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $959,356,912 | 13 | December 7, 2020 |
| October 2022 | $1,228,267,533 | 15 | November 29, 2021 |
| October 2023 | $809,136,983 | 21 | December 7, 2022 |
| October 2024 | $791,748,903 | 15 | December 18, 2023 |
| October 2025 | $894,756,552 | 15 | December 19, 2024 |
| October 2026 | $965,833,061 | 14 | July 28, 2026 |

Regulatory assets under management: $959,356,912 in the October 2021 data and $965,833,061 in the October 2026 data, up 1%.
Total employees: 13 in October 2021 and 14 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### January 2026
- Employees performing advisory functions went from 9 to 8.

### November 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. Ashford Capital Management Inc (CRD 110696): Form ADV filing data as of October 2026.