{
  "crd_number": 312404,
  "slug": "black-dragon-capital-investment-management-inc-boynton-beach-fl-312404",
  "primary_business_name": "BLACK DRAGON CAPITAL INVESTMENT MANAGEMENT, INC",
  "legal_name": "BLACK DRAGON CAPITAL INVESTMENT MANAGEMENT, LLC",
  "dbas": [],
  "city": "Boynton Beach",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "33100",
  "metro": {
    "cbsa_code": "33100",
    "common_name": "Miami",
    "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL",
    "path": "/advisors/fl/miami"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-09-10",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-04-03",
  "carried_forward": false,
  "raum_total": 395620659.0,
  "raum_discretionary": 395620659.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 46,
  "advisory_employees": 14,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 395620659.0,
      "count": 15
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 5,
  "states_registered": [
    "DC",
    "DE",
    "FL",
    "TX",
    "UT"
  ],
  "websites": [
    "https://blackdragoncap.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/312404",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.H(1)(a)",
      "question": "In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.H(1)(b)",
      "question": "Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?"
    },
    {
      "item": "11.H(1)(c)",
      "question": "Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?"
    }
  ],
  "city_as_filed": "BOYNTON BEACH",
  "url": "https://advisorcensus.com/firm/black-dragon-capital-investment-management-inc-boynton-beach-fl-312404",
  "display_name": "Black Dragon Capital Investment Management, Inc",
  "summary": "Black Dragon Capital Investment Management, Inc is an SEC-registered investment advisory firm in Boynton Beach, FL, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 3, 2026.",
  "citation": "AdvisorCensus. Black Dragon Capital Investment Management, Inc (CRD 312404): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Black Dragon Capital Investment Management, Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Black Dragon Capital Investment Management, Inc reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Black Dragon Capital Investment Management, Inc charge?",
      "a": "Its Form ADV Part 2A brochure dated April 3, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Black Dragon Capital Investment Management, Inc located?",
      "a": "Black Dragon Capital Investment Management, Inc's principal office is in Boynton Beach, FL, according to its Form ADV; the May 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Black Dragon Capital Investment Management, Inc registered with the SEC or a state?",
      "a": "Black Dragon Capital Investment Management, Inc is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 312404."
    },
    {
      "q": "How much does Black Dragon Capital Investment Management, Inc manage?",
      "a": "Black Dragon Capital Investment Management, Inc reports $395,620,659 in regulatory assets under management in its Form ADV filing dated April 3, 2026 (100% discretionary)."
    },
    {
      "q": "How have Black Dragon Capital Investment Management, Inc's assets and staff changed since 2022?",
      "a": "In the Form ADV data for Black Dragon Capital Investment Management, Inc: Regulatory assets under management: $452,720,674 in the October 2024 data and $395,620,659 in the October 2026 data, down 13%. Total employees: 12 in October 2024 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Black Dragon Capital Investment Management, Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15)."
    },
    {
      "q": "Does Black Dragon Capital Investment Management, Inc report any disciplinary disclosures?",
      "a": "Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.H(1)(a) (court injunction in the past ten years), 11.H(1)(b) (court finding of a violation), and 11.H(1)(c) (regulator's civil action dismissed under a settlement). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/312404"
    },
    {
      "q": "What changed in Black Dragon Capital Investment Management, Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 12 to 14. Regulatory assets under management went from $348,284,917 to $395,620,659 (+14%)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2022-09-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2022-09-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 452720674.0,
      "total_employees": 12,
      "filing_date": "2024-09-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 348284917.0,
      "total_employees": 12,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 395620659.0,
      "total_employees": 46,
      "filing_date": "2026-04-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 12 to 14.",
        "Regulatory assets under management went from $348,284,917 to $395,620,659 (+14%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 3, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "2% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 2% of assets a year"
        ],
        "quotes": [
          "Black Dragon and/or its affiliates ... will be paid an investment management fee (“ Management Fee ”) currently anticipated to be 2.0% per annum of the committed or invested capital of a Client"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 2.0
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Black Dragon and/or its affiliates ... will be paid an investment management fee (“ Management Fee ”) currently anticipated to be 2.0% per annum of the committed or invested capital of a Client"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/black-dragon-capital-investment-management-inc-boynton-beach-fl-312404.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 395620659.0
    }
  ],
  "disclosure_line": "Reports 5 disclosure items on Form ADV Item 11.",
  "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/312404",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}