{
  "crd_number": 326949,
  "slug": "banner-capital-management-llc-lehi-ut-326949",
  "primary_business_name": "BANNER CAPITAL MANAGEMENT, LLC",
  "legal_name": "BANNER CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Lehi",
  "state": "UT",
  "country": "United States",
  "cbsa_code": "39340",
  "metro": {
    "cbsa_code": "39340",
    "common_name": "Provo",
    "msa_name": "Provo-Orem-Lehi, UT",
    "path": "/advisors/ut/provo"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-07-19",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-05-08",
  "carried_forward": false,
  "raum_total": 619188611.0,
  "raum_discretionary": 619188611.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 619188611.0,
      "count": 6
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "UT"
  ],
  "websites": [
    "https://bannercap.com",
    "https://linkedin.com/company/banner-cap"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/326949",
  "city_as_filed": "LEHI",
  "url": "https://advisorcensus.com/firm/banner-capital-management-llc-lehi-ut-326949",
  "display_name": "Banner Capital Management, LLC",
  "summary": "Banner Capital Management, LLC is an SEC-registered investment advisory firm in Lehi, UT, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 8, 2026.",
  "citation": "AdvisorCensus. Banner Capital Management, LLC (CRD 326949): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Banner Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Banner Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does Banner Capital Management, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Banner Capital Management, LLC located?",
      "a": "Banner Capital Management, LLC's principal office is in Lehi, UT, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Banner Capital Management, LLC registered with the SEC or a state?",
      "a": "Banner Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 326949."
    },
    {
      "q": "How much does Banner Capital Management, LLC manage?",
      "a": "Banner Capital Management, LLC reports $619,188,611 in regulatory assets under management in its Form ADV filing dated May 8, 2026 (100% discretionary)."
    },
    {
      "q": "How have Banner Capital Management, LLC's assets and staff changed since 2024?",
      "a": "In the Form ADV data for Banner Capital Management, LLC: Regulatory assets under management: $415,496,805 in the October 2024 data and $619,188,611 in the October 2026 data, up 49%. Total employees: 7 in October 2024 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Banner Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6)."
    },
    {
      "q": "Does Banner Capital Management, LLC report any disciplinary disclosures?",
      "a": "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/326949"
    },
    {
      "q": "What changed in Banner Capital Management, LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Regulatory assets under management went from $527,222,258 to $619,188,611 (+17%)."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 415496805.0,
      "total_employees": 7,
      "filing_date": "2024-06-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 523250061.0,
      "total_employees": 7,
      "filing_date": "2025-06-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 619188611.0,
      "total_employees": 7,
      "filing_date": "2026-05-08"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Regulatory assets under management went from $527,222,258 to $619,188,611 (+17%)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added an office in Phoenix, AZ."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": "1% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1% of assets a year"
        ],
        "quotes": [
          "One or more Funds will pay the Adviser a management fee (the “Management Fee”) equal to 1.0% on an annual basis of aggregate investor capital contributions (including contributions for expenses)."
        ]
      }
    ],
    "quotes": [
      "One or more Funds will pay the Adviser a management fee (the “Management Fee”) equal to 1.0% on an annual basis of aggregate investor capital contributions (including contributions for expenses)."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/banner-capital-management-llc-lehi-ut-326949.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 619188611.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/326949",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}