{
  "crd_number": 308427,
  "slug": "black-horse-wealth-management-308427",
  "primary_business_name": "BLACK HORSE WEALTH MANAGEMENT",
  "legal_name": "BLACK HORSE WEALTH MANAGEMENT, LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-02-14",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-01-07",
  "carried_forward": false,
  "raum_total": 165588618.0,
  "raum_discretionary": 50916297.0,
  "raum_non_discretionary": 114672321.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 3438815.0,
      "count": 7
    },
    "pension_profit_sharing": {
      "raum": 928348.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 161221455.0,
      "count": 12
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://blackhorsewealth.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/308427",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/black-horse-wealth-management-308427",
  "display_name": "Black Horse Wealth Management",
  "summary": "Black Horse Wealth Management is an SEC-registered investment advisory firm, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 7, 2026.",
  "citation": "AdvisorCensus. Black Horse Wealth Management (CRD 308427): 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": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Black Horse Wealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Black Horse Wealth Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Black Horse Wealth Management charge?",
      "a": "Its Form ADV Part 2A brochure dated January 7, 2026 states: Asset-based fee: up to 1.2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Black Horse Wealth Management registered with the SEC or a state?",
      "a": "Black Horse Wealth Management is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 308427."
    },
    {
      "q": "How much does Black Horse Wealth Management manage?",
      "a": "Black Horse Wealth Management reports $165,588,618 in regulatory assets under management in its Form ADV filing dated January 7, 2026 (31% discretionary)."
    },
    {
      "q": "How have Black Horse Wealth Management's assets and staff changed since 2022?",
      "a": "In the Form ADV data for Black Horse Wealth Management: Regulatory assets under management: $109,789,531 in the October 2022 data and $165,588,618 in the October 2026 data, up 51%. Total employees: 1 in October 2022 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Black Horse Wealth Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (12); individuals (other than high net worth individuals) (7)."
    },
    {
      "q": "Which custodians does Black Horse Wealth Management use?",
      "a": "Black Horse Wealth Management'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 Horse Wealth Management 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/308427"
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 109789531.0,
      "total_employees": 1,
      "filing_date": "2022-09-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 102574613.0,
      "total_employees": 1,
      "filing_date": "2023-01-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 138400975.0,
      "total_employees": 1,
      "filing_date": "2024-02-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 158156005.0,
      "total_employees": 1,
      "filing_date": "2025-01-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 165588618.0,
      "total_employees": 1,
      "filing_date": "2026-01-07"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 7, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The maximum annual fee charged for this service will not exceed 1.20%. Fees to be assessed will be outlined in the advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata basis monthly in arrears"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 1.2,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The maximum annual fee charged for this service will not exceed 1.20%. Fees to be assessed will be outlined in the advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata basis monthly in arrears"
    ],
    "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-horse-wealth-management-308427.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 3438815.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 12,
      "fewer_than_5": false,
      "raum": 161221455.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 928348.0
    }
  ],
  "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/308427",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}