# Boltwood Capital Management

> Boltwood Capital Management is an SEC-registered investment advisory firm in Walnut Creek, CA, registered since 1986, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 29, 2026.

- CRD: 110293
- Filed as: BOLTWOOD CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Walnut Creek, CA
- Filing period: October 2026
- Form ADV filing dated: April 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110293
- AdvisorCensus page: https://advisorcensus.com/firm/boltwood-capital-management-walnut-creek-ca-110293

## Quick answers

**How is Boltwood Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Boltwood Capital Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Boltwood Capital Management located?**
Boltwood Capital Management's principal office is in Walnut Creek, CA, according to its Form ADV.

**Is Boltwood Capital Management registered with the SEC or a state?**
Boltwood Capital Management is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 110293.

**How much does Boltwood Capital Management manage?**
Boltwood Capital Management reports $502,513,220 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (92% discretionary).

**How have Boltwood Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Boltwood Capital Management: Regulatory assets under management: $289,991,443 in the October 2021 data and $502,513,220 in the October 2026 data, up 73%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Boltwood Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (133); high net worth individuals (92); corporations or other businesses not listed above (5).

**Which custodians does Boltwood Capital Management use?**
Boltwood Capital 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.

**Does Boltwood Capital Management 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/110293

**What changed in Boltwood Capital Management's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $380,599,262 to $502,513,220 (+32%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### 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: $502,513,220
- Discretionary: $461,196,966
- Non-discretionary: $41,316,254

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 133 | $48,585,205 |
| High net worth individuals | 92 | $447,694,080 |
| Corporations or other businesses not listed above | 5 | $6,233,935 |

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

### Firm details
- Registered since: 1986 (40 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MT, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- boltwoodcap.com
- LinkedIn @boltwood-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $289,991,443 | 2 | June 9, 2021 |
| October 2022 | $312,975,322 | 2 | May 18, 2022 |
| October 2023 | $319,298,210 | 2 | April 26, 2023 |
| October 2024 | $380,890,508 | 2 | June 20, 2024 |
| October 2025 | $380,599,262 | 2 | April 29, 2025 |
| October 2026 | $502,513,220 | 2 | April 29, 2026 |

Regulatory assets under management: $289,991,443 in the October 2021 data and $502,513,220 in the October 2026 data, up 73%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $380,599,262 to $502,513,220 (+32%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Boltwood Capital Management (CRD 110293): Form ADV filing data as of October 2026.