# Baxter Capital Management Inc

> Baxter Capital Management Inc is an SEC-registered investment advisory firm in Indianapolis, IN, registered since 1979, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 105123
- Filed as: BAXTER CAPITAL MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Indianapolis, IN
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105123
- AdvisorCensus page: https://advisorcensus.com/firm/baxter-capital-management-inc-indianapolis-in-105123

## Quick answers

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

**Where is Baxter Capital Management Inc located?**
Baxter Capital Management Inc's principal office is in Indianapolis, IN, according to its Form ADV.

**Is Baxter Capital Management Inc registered with the SEC or a state?**
Baxter Capital Management Inc is an SEC-registered investment advisory firm, registered since 1979. Status as filed: Approved. CRD 105123.

**How much does Baxter Capital Management Inc manage?**
Baxter Capital Management Inc reports $4,194,166,296 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (0% discretionary).

**How have Baxter Capital Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Baxter Capital Management Inc: Regulatory assets under management: $988,958,806 in the October 2021 data and $4,194,166,296 in the October 2026 data, up 324%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Baxter Capital Management Inc serve?**
By number of clients on Form ADV Item 5.D: banking or thrift institutions (12); charitable organizations (1).

**Which custodians does Baxter Capital Management Inc use?**
Baxter Capital Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Alloya Federal Credit Union Clearing Through JPM Chase and Keybank NA as custodians holding 10% or more of its separately managed account assets.

**Does Baxter Capital Management Inc 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/105123

**Does Baxter Capital Management Inc state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "We do not impose a minimum dollar value to start or maintain an account"

**What changed in Baxter Capital Management Inc's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $2,976,775,488 to $4,194,166,296 (+41%).

## 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 30, 2026)

- Account minimum: None

> We do not impose a minimum dollar value to start or maintain an account

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

### Custodians (Schedule D, Section 5.K(3))
- Alloya Federal Credit Union Clearing Through JPM Chase
- Keybank NA

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: $4,194,166,296
- Discretionary: $0
- Non-discretionary: $4,194,166,296

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 12 | $757,275,547 |
| 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 | 1 | $3,436,890,749 |
| 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)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1979 (47 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- baxtercapitalmanagement.com
- LinkedIn @baxter-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $988,958,806 | 3 | March 22, 2021 |
| October 2022 | $1,721,563,144 | 3 | March 23, 2022 |
| October 2023 | $1,783,757,336 | 3 | March 22, 2023 |
| October 2024 | $2,342,392,629 | 3 | March 28, 2024 |
| October 2025 | $2,976,775,488 | 3 | March 29, 2025 |
| October 2026 | $4,194,166,296 | 3 | March 30, 2026 |

Regulatory assets under management: $988,958,806 in the October 2021 data and $4,194,166,296 in the October 2026 data, up 324%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $2,976,775,488 to $4,194,166,296 (+41%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Baxter Capital Management Inc (CRD 105123): Form ADV filing data as of October 2026.