# Bellingham Capital

> Bellingham Capital is an SEC-registered investment advisory firm in Bellingham, WA, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 18, 2026.

- CRD: 151684
- Filed as: BELLINGHAM CAPITAL
- Legal name: Bellingham Capital Management, Inc.
- Also doing business as: BELLINGHAM CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bellingham, WA
- Filing period: October 2026
- Form ADV filing dated: August 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/151684
- AdvisorCensus page: https://advisorcensus.com/firm/bellingham-capital-bellingham-wa-151684

## Quick answers

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

**How much does Bellingham Capital charge?**
Its Form ADV Part 2A brochure dated March 20, 2026 states: Hourly rate: $275 an hour (Financial Planning and Consulting). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Bellingham Capital located?**
Bellingham Capital's principal office is in Bellingham, WA, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Bellingham Capital registered with the SEC or a state?**
Bellingham Capital is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 151684.

**How much does Bellingham Capital manage?**
Bellingham Capital reports $149,233,075 in regulatory assets under management in its Form ADV filing dated August 18, 2026 (98% discretionary).

**How have Bellingham Capital's assets and staff changed since 2022?**
In the Form ADV data for Bellingham Capital: Regulatory assets under management: $114,509,868 in the October 2022 data and $149,233,075 in the October 2026 data, up 30%. Total employees: 4 in October 2022 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bellingham Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (218); high net worth individuals (25); corporations or other businesses not listed above (6).

**Which custodians does Bellingham Capital use?**
Bellingham 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 Bellingham 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/151684

**What changed in Bellingham Capital's recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in ID.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 20, 2026)

- Hourly rate: $275 an hour (Financial Planning and Consulting)

> BCM offers financial planning and consulting on an hourly basis at $275 per hour and will be billed in quarter-hour increments.

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

### 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: $149,233,075
- Discretionary: $146,663,555
- Non-discretionary: $2,569,520

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 218 | $77,608,487 |
| High net worth individuals | 25 | $68,518,383 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $1,369,966 |
| Charitable organizations | 1 | $364,898 |
| Corporations or other businesses not listed above | 6 | $1,371,341 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, IA, ID, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Anacortes, WA

### Websites listed on Form ADV (Item 1.I)
- bellinghamcapital.com
- LinkedIn @bellingham-capital-management-inc.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $114,509,868 | 4 | January 27, 2022 |
| October 2023 | $109,216,074 | 4 | March 7, 2023 |
| October 2024 | $125,960,967 | 4 | September 23, 2024 |
| October 2025 | $141,958,116 | 5 | March 24, 2025 |
| October 2026 | $149,233,075 | 5 | August 18, 2026 |

Regulatory assets under management: $114,509,868 in the October 2022 data and $149,233,075 in the October 2026 data, up 30%.
Total employees: 4 in October 2022 and 5 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in ID.

### July 2026
- Registered or notice-filed in IA.

### April 2026
- Added the business name Bellingham Capital Management.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bellingham Capital (CRD 151684): Form ADV filing data as of October 2026.