# Bellecapital International

> Bellecapital International is an SEC-registered investment advisory firm in Zurich, Switzerland, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 158348
- Filed as: BELLECAPITAL INTERNATIONAL
- Legal name: Bellecapital International AG
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Zurich, Switzerland
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158348
- AdvisorCensus page: https://advisorcensus.com/firm/bellecapital-international-zurich-158348

## Quick answers

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

**Where is Bellecapital International located?**
Bellecapital International's principal office is in Zurich, Switzerland, according to its Form ADV.

**Is Bellecapital International registered with the SEC or a state?**
Bellecapital International is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158348.

**How much does Bellecapital International manage?**
Bellecapital International reports $1,960,886,210 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (91% discretionary).

**How have Bellecapital International's assets and staff changed since 2021?**
In the Form ADV data for Bellecapital International: Regulatory assets under management: $1,087,011,338 in the October 2021 data and $1,960,886,210 in the October 2026 data, up 80%. Total employees: 11 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bellecapital International serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (112); other (83); corporations or other businesses not listed above (48).

**Which custodians does Bellecapital International use?**
Bellecapital International's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank Julius Baer & Co. AG, Banque Pictet ET CIE. S.A., Northern Trust and Rahn + Bodmer Co. as custodians holding 10% or more of its separately managed account assets.

**Does Bellecapital International 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/158348

**Does Bellecapital International state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "Generally, Bellecapital prefers its client relationships to have a minimum of $5,000,000 of assets under management."

**What changed in Bellecapital International's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,755,715,712 to $1,960,886,210 (+12%). Registered or notice-filed in MA. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: $5,000,000

> Generally, Bellecapital prefers its client relationships to have a minimum of $5,000,000 of assets under management.

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

### Custodians (Schedule D, Section 5.K(3))
- Bank Julius Baer & Co. AG
- Banque Pictet ET CIE. S.A.
- Northern Trust
- Rahn + Bodmer Co.

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: $1,960,886,210
- Discretionary: $1,788,827,095
- Non-discretionary: $172,059,115

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 45 | $20,241,137 |
| High net worth individuals | 112 | $584,202,630 |
| 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) | 1 | $67,956,044 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $5,664,656 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 1 | $16,151,376 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 48 | $611,100,679 |
| Other | 83 | $655,569,688 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2011 (15 years)
- Employees: 18 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, DE, FL, IL, LA, MA, NC, NH, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [bellecapital.com](https://bellecapital.com)
- LinkedIn @BELLECAPITAL-INTERNATIONAL-AG

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,087,011,338 | 11 | March 30, 2021 |
| October 2022 | $1,220,058,759 | 11 | March 17, 2022 |
| October 2023 | $1,248,775,837 | 13 | March 28, 2023 |
| October 2024 | $1,596,915,605 | 15 | March 21, 2024 |
| October 2025 | $1,755,715,712 | 18 | July 16, 2025 |
| October 2026 | $1,960,886,210 | 18 | March 25, 2026 |

Regulatory assets under management: $1,087,011,338 in the October 2021 data and $1,960,886,210 in the October 2026 data, up 80%.
Total employees: 11 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,755,715,712 to $1,960,886,210 (+12%).
- Registered or notice-filed in MA.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bellecapital International (CRD 158348): Form ADV filing data as of October 2026.