# AZA Capital Management

> AZA Capital Management is an SEC-registered investment advisory firm in Chicago, IL, registered since 1997, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 18, 2026.

- CRD: 109784
- Filed as: AZA CAPITAL MANAGEMENT
- Legal name: Insight 2811 Inc
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109784
- AdvisorCensus page: https://advisorcensus.com/firm/aza-capital-management-chicago-il-109784

## Quick answers

**How is AZA Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), AZA Capital Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does AZA Capital Management charge?**
Its Form ADV Part 2A brochure dated March 18, 2026 states: Asset-based fee: 0.4% to 1.2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is AZA Capital Management located?**
AZA Capital Management's principal office is in Chicago, IL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is AZA Capital Management registered with the SEC or a state?**
AZA Capital Management is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 109784.

**How much does AZA Capital Management manage?**
AZA Capital Management reports $339,567,276 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (99% discretionary).

**How have AZA Capital Management's assets and staff changed since 2021?**
In the Form ADV data for AZA Capital Management: Regulatory assets under management: $281,646,677 in the October 2021 data and $339,567,276 in the October 2026 data, up 21%. Total employees: 6 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does AZA Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (226); high net worth individuals (105); pension and profit sharing plans (but not the plan participants or government pension plans) (8).

**Which custodians does AZA Capital Management use?**
AZA Capital Management'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 AZA 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/109784

**What changed in AZA Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 8 to 7. Registered or notice-filed in AZ, LA.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 18, 2026)

- Asset-based fee: 0.4% to 1.2% a year (a range, as the brochure states it)

> The Advisory Fee is defined at the outset of the advisory relationship and generally ranges from 0. 40% to 1. 20% per year depending on the services rendered.

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: $339,567,276
- Discretionary: $334,873,017
- Non-discretionary: $4,694,259

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 226 | $73,484,215 |
| High net worth individuals | 105 | $234,412,110 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $27,701,578 |
| Charitable organizations | Fewer than 5 | $423,764 |
| Other investment advisers | Fewer than 5 | $353,151 |
| Corporations or other businesses not listed above | 6 | $3,192,458 |

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

### Firm details
- Registered since: 1997 (29 years)
- Employees: 8 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, AZ, CA, CT, FL, GA, IL, LA, MI, MO, OH, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Grand Rapids, MI

### Websites listed on Form ADV (Item 1.I)
- azacapital.com
- Facebook @AZACAPITALMANAGEMENT
- LinkedIn @AZA-CAPITAL-MANAGEMENT
- X @AZACAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $281,646,677 | 6 | March 29, 2021 |
| October 2022 | $243,254,515 | 7 | July 18, 2022 |
| October 2023 | $267,930,773 | 8 | June 13, 2023 |
| October 2024 | $313,786,800 | 9 | April 1, 2024 |
| October 2025 | $313,995,693 | 9 | June 16, 2025 |
| October 2026 | $339,567,276 | 8 | March 18, 2026 |

Regulatory assets under management: $281,646,677 in the October 2021 data and $339,567,276 in the October 2026 data, up 21%.
Total employees: 6 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 8 to 7.
- Registered or notice-filed in AZ, LA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. AZA Capital Management (CRD 109784): Form ADV filing data as of October 2026.