# Black Capital Management, LLC

> 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.

- CRD: 105622
- Filed as: BLACK CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lee'S Summit, MO
- Filing period: October 2026
- Form ADV filing dated: March 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105622
- AdvisorCensus page: https://advisorcensus.com/firm/black-capital-management-llc-lee-s-summit-mo-105622

## Quick answers

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

**Where is Black Capital Management, LLC located?**
Black Capital Management, LLC's principal office is in Lee'S Summit, MO, according to its Form ADV.

**Is Black Capital Management, LLC registered with the SEC or a state?**
Black Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 105622.

**How much does Black Capital Management, LLC manage?**
Black Capital Management, LLC reports $119,588,387 in regulatory assets under management in its Form ADV filing dated March 4, 2026 (12% discretionary).

**How have Black Capital Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Black Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (33); individuals (other than high net worth individuals) (15).

**Which custodians does Black Capital Management, LLC use?**
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.

**Does Black Capital Management, LLC 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/105622

**Does Black Capital Management, LLC state an account minimum?**
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."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Account minimum: $1,000,000

> * Black Capital generally requires a minimum asset level of $1 Million for investment advisory services.

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: $119,588,387
- Discretionary: $14,856,883
- Non-discretionary: $104,731,504

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 15 | $7,821,245 |
| High net worth individuals | 33 | $111,767,142 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2021 (5 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: KS, MO, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $108,500,000 | 2 | August 3, 2021 |
| October 2022 | $116,669,000 | 2 | March 16, 2022 |
| October 2023 | $120,800,000 | 4 | February 27, 2023 |
| October 2024 | $126,200,000 | 2 | March 26, 2024 |
| October 2025 | $131,111,593 | 4 | February 27, 2025 |
| October 2026 | $119,588,387 | 3 | March 4, 2026 |

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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Black Capital Management, LLC (CRD 105622): Form ADV filing data as of October 2026.