{
  "crd_number": 105622,
  "slug": "black-capital-management-llc-lee-s-summit-mo-105622",
  "primary_business_name": "BLACK CAPITAL MANAGEMENT, LLC",
  "legal_name": "BLACK CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Lee'S Summit",
  "state": "MO",
  "country": "United States",
  "cbsa_code": "28140",
  "metro": {
    "cbsa_code": "28140",
    "common_name": "Kansas City",
    "msa_name": "Kansas City, MO-KS",
    "path": "/advisors/mo/kansas-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-06-11",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-04",
  "carried_forward": false,
  "raum_total": 119588387.0,
  "raum_discretionary": 14856883.0,
  "raum_non_discretionary": 104731504.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 7821245.0,
      "count": 15
    },
    "high_net_worth_individuals": {
      "raum": 111767142.0,
      "count": 33
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "KS",
    "MO",
    "TX"
  ],
  "websites": [
    "https://blackcapitalmanagement.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105622",
  "city_as_filed": "LEE'S SUMMIT",
  "url": "https://advisorcensus.com/firm/black-capital-management-llc-lee-s-summit-mo-105622",
  "display_name": "Black Capital Management, LLC",
  "summary": "Black Capital Management, LLC is an SEC-registered investment advisory firm in Lee'S Summit, MO, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 4, 2026.",
  "citation": "AdvisorCensus. Black Capital Management, LLC (CRD 105622): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Black Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Black Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Black Capital Management, LLC located?",
      "a": "Black Capital Management, LLC's principal office is in Lee'S Summit, MO, according to its Form ADV."
    },
    {
      "q": "Is Black Capital Management, LLC registered with the SEC or a state?",
      "a": "Black Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 105622."
    },
    {
      "q": "How much does Black Capital Management, LLC manage?",
      "a": "Black Capital Management, LLC reports $119,588,387 in regulatory assets under management in its Form ADV filing dated March 4, 2026 (12% discretionary)."
    },
    {
      "q": "How have Black Capital Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Black Capital Management, LLC: Regulatory assets under management: $108,500,000 in the October 2021 data and $119,588,387 in the October 2026 data, up 10%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Black Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (33); individuals (other than high net worth individuals) (15)."
    },
    {
      "q": "Which custodians does Black Capital Management, LLC use?",
      "a": "Black Capital Management, LLC'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."
    },
    {
      "q": "Does Black 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/105622"
    },
    {
      "q": "Does Black Capital Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 3, 2026 says: \"* Black Capital generally requires a minimum asset level of $1 Million for investment advisory services.\""
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 108500000.0,
      "total_employees": 2,
      "filing_date": "2021-08-03"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 116669000.0,
      "total_employees": 2,
      "filing_date": "2022-03-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 120800000.0,
      "total_employees": 4,
      "filing_date": "2023-02-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 126200000.0,
      "total_employees": 2,
      "filing_date": "2024-03-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 131111593.0,
      "total_employees": 4,
      "filing_date": "2025-02-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 119588387.0,
      "total_employees": 3,
      "filing_date": "2026-03-04"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 3, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000"
        ],
        "quotes": [
          "* Black Capital generally requires a minimum asset level of $1 Million for \ninvestment advisory services."
        ]
      }
    ],
    "quotes": [
      "* Black Capital generally requires a minimum asset level of $1 Million for \ninvestment advisory services."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/black-capital-management-llc-lee-s-summit-mo-105622.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 7821245.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 33,
      "fewer_than_5": false,
      "raum": 111767142.0
    }
  ],
  "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/105622",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}