# Avocet Capital Management LLC

> Avocet Capital Management LLC is an SEC-registered investment advisory firm in Northbrook, IL, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 19, 2026.

- CRD: 156261
- Filed as: AVOCET CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Northbrook, IL
- Filing period: October 2026
- Form ADV filing dated: May 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156261
- AdvisorCensus page: https://advisorcensus.com/firm/avocet-capital-management-llc-northbrook-il-156261

## Quick answers

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

**How much does Avocet Capital Management LLC charge?**
Its Form ADV Part 2A brochure dated March 4, 2026 states: Up to $1,000,000: 1.25% a year; $1,000,000 to $5,000,000: 1% a year; $5,000,000 to $10,000,000: 0.75% a year; Above $10,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Avocet Capital Management LLC located?**
Avocet Capital Management LLC's principal office is in Northbrook, IL, according to its Form ADV.

**Is Avocet Capital Management LLC registered with the SEC or a state?**
Avocet Capital Management LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 156261.

**How much does Avocet Capital Management LLC manage?**
Avocet Capital Management LLC reports $157,774,773 in regulatory assets under management in its Form ADV filing dated May 19, 2026 (95% discretionary).

**How have Avocet Capital Management LLC's assets and staff changed since 2022?**
In the Form ADV data for Avocet Capital Management LLC: Regulatory assets under management: $120,686,388 in the October 2022 data and $157,774,773 in the October 2026 data, up 31%. 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 Avocet Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (37); individuals (other than high net worth individuals) (3).

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

**Does Avocet Capital Management LLC 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/156261

**What changed in Avocet Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $130,871,142 to $157,774,773 (+21%). Registered or notice-filed in FL.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 4, 2026)

- Up to $1,000,000: 1.25% a year
- $1,000,000 to $5,000,000: 1% a year
- $5,000,000 to $10,000,000: 0.75% a year
- Above $10,000,000: 0.5% a year

> Avocet's investment advisory services basic fee schedule is calculated based upon the client's assets under management as follows: Market Value of Assets Annual Percentage Fees First $1,000,000 1.25% Next $4,000,000 1.00% Next $5,000,000 0.75% All AUM in excess of $10,000,000 0.50%

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

### Custodians (Schedule D, Section 5.K(3))
- 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: $157,774,773
- Discretionary: $150,634,190
- Non-discretionary: $7,140,583

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3 | $1,513,317 |
| High net worth individuals | 37 | $156,261,456 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2022 (4 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- avocetcapital.com
- LinkedIn @alan-loewy-552831
- LinkedIn @sean-connolly-a5a969

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $120,686,388 | 1 | March 31, 2022 |
| October 2023 | $106,092,344 | 1 | May 22, 2023 |
| October 2024 | $115,743,368 | 1 | February 28, 2024 |
| October 2025 | $130,871,142 | 2 | February 25, 2025 |
| October 2026 | $157,774,773 | 2 | May 19, 2026 |

Regulatory assets under management: $120,686,388 in the October 2022 data and $157,774,773 in the October 2026 data, up 31%.
Total employees: 1 in October 2022 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $130,871,142 to $157,774,773 (+21%).
- Registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Avocet Capital Management LLC (CRD 156261): Form ADV filing data as of October 2026.