# Baker Ellis Asset Management LLC

> Baker Ellis Asset Management LLC is an SEC-registered investment advisory firm in Vancouver, WA, registered since 2002, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 11, 2026.

- CRD: 121802
- Filed as: BAKER ELLIS ASSET MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Vancouver, WA
- Filing period: October 2026
- Form ADV filing dated: August 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121802
- AdvisorCensus page: https://advisorcensus.com/firm/baker-ellis-asset-management-llc-vancouver-wa-121802

## Quick answers

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

**Where is Baker Ellis Asset Management LLC located?**
Baker Ellis Asset Management LLC's principal office is in Vancouver, WA, according to its Form ADV.

**Is Baker Ellis Asset Management LLC registered with the SEC or a state?**
Baker Ellis Asset Management LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 121802.

**How much does Baker Ellis Asset Management LLC manage?**
Baker Ellis Asset Management LLC reports $1,047,120,232 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (100% discretionary).

**How have Baker Ellis Asset Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Baker Ellis Asset Management LLC: Regulatory assets under management: $571,747,272 in the October 2021 data and $1,047,120,232 in the October 2026 data, up 83%. Total employees: 7 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Baker Ellis Asset Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (196); high net worth individuals (138); corporations or other businesses not listed above (7).

**Which custodians does Baker Ellis Asset Management LLC use?**
Baker Ellis Asset 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 Baker Ellis Asset 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/121802

**Does Baker Ellis Asset Management LLC state an account minimum?**
Its Form ADV Part 2A brochure dated August 11, 2026 says: "Our minimum investment usually is $1 million per household, although we make occasional exceptions."

**What changed in Baker Ellis Asset Management LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $874,168,625 to $1,047,120,232 (+20%).

## 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 August 11, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Our minimum investment usually is $1 million per household, although we make occasional exceptions.

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: $1,047,120,232
- Discretionary: $1,047,120,232
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 196 | $105,421,570 |
| High net worth individuals | 138 | $913,197,424 |
| Charitable organizations | 2 | $15,362,180 |
| Corporations or other businesses not listed above | 7 | $13,139,058 |

### 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: 2002 (24 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, NY, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $571,747,272 | 7 | February 19, 2021 |
| October 2022 | $751,227,575 | 8 | April 6, 2022 |
| October 2023 | $750,600,425 | 7 | March 16, 2023 |
| October 2024 | $792,147,607 | 5 | February 29, 2024 |
| October 2025 | $874,168,625 | 5 | March 4, 2025 |
| October 2026 | $1,047,120,232 | 5 | August 11, 2026 |

Regulatory assets under management: $571,747,272 in the October 2021 data and $1,047,120,232 in the October 2026 data, up 83%.
Total employees: 7 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $874,168,625 to $1,047,120,232 (+20%).

### January 2026
- No longer registered or notice-filed in HI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Baker Ellis Asset Management LLC (CRD 121802): Form ADV filing data as of October 2026.