# Bannerstone Capital

> Bannerstone Capital is an SEC-registered investment advisory firm in Wayzata, MN, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 147447
- Filed as: BANNERSTONE CAPITAL
- Legal name: Bannerstone Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wayzata, MN
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147447
- AdvisorCensus page: https://advisorcensus.com/firm/bannerstone-capital-wayzata-mn-147447

## Quick answers

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

**Where is Bannerstone Capital located?**
Bannerstone Capital's principal office is in Wayzata, MN, according to its Form ADV.

**Is Bannerstone Capital registered with the SEC or a state?**
Bannerstone Capital is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 147447.

**How much does Bannerstone Capital manage?**
Bannerstone Capital reports $155,343,700 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary).

**How have Bannerstone Capital's assets and staff changed since 2025?**
In the Form ADV data for Bannerstone Capital: Regulatory assets under management: $143,920,000 in the October 2025 data and $155,343,700 in the October 2026 data, up 8%. Total employees: 3 in October 2025 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bannerstone Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (78); high net worth individuals (28).

**Which custodians does Bannerstone Capital use?**
Bannerstone Capital'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 Bannerstone Capital 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/147447

## From the Form ADV filing

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

### 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: $155,343,700
- Discretionary: $155,343,700
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 78 | $32,446,840 |
| High net worth individuals | 28 | $122,896,860 |
| 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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MN, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $143,920,000 | 3 | July 18, 2025 |
| October 2026 | $155,343,700 | 3 | March 16, 2026 |

Regulatory assets under management: $143,920,000 in the October 2025 data and $155,343,700 in the October 2026 data, up 8%.
Total employees: 3 in October 2025 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bannerstone Capital (CRD 147447): Form ADV filing data as of October 2026.