{
  "crd_number": 127158,
  "slug": "btc-capital-management-des-moines-ia-127158",
  "primary_business_name": "BTC CAPITAL MANAGEMENT",
  "legal_name": "BTC CAPITAL MANAGEMENT, INC.",
  "dbas": [
    "BTC CAPITAL MANAGEMENT"
  ],
  "city": "Des Moines",
  "state": "IA",
  "country": "United States",
  "cbsa_code": "19780",
  "metro": {
    "cbsa_code": "19780",
    "common_name": "Des Moines",
    "msa_name": "Des Moines-West Des Moines, IA",
    "path": "/advisors/ia/des-moines"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-07-01",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-03-23",
  "carried_forward": false,
  "raum_total": 4598715309.0,
  "raum_discretionary": 3210897730.0,
  "raum_non_discretionary": 1387817579.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 17,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 292859613.0,
      "count": 34
    },
    "banking_thrift": {
      "raum": 3671682435.0,
      "count": 18
    },
    "state_municipal": {
      "raum": 94583574.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 78577347.0,
      "count": 4
    },
    "pension_profit_sharing": {
      "raum": 175492605.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 63134564.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 222385171.0,
      "count": 21
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "IA",
    "NE",
    "SD",
    "TX"
  ],
  "websites": [
    "https://btccapitalmgmt.com",
    "https://linkedin.com/company/btc-capital-management"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/127158",
  "city_as_filed": "DES MOINES",
  "url": "https://advisorcensus.com/firm/btc-capital-management-des-moines-ia-127158",
  "display_name": "BTC Capital Management",
  "summary": "BTC Capital Management is an SEC-registered investment advisory firm in Des Moines, IA, registered since 2003, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.",
  "citation": "AdvisorCensus. BTC Capital Management (CRD 127158): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters"
  ],
  "quick_answers": [
    {
      "q": "How is BTC Capital Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), BTC Capital Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is BTC Capital Management located?",
      "a": "BTC Capital Management's principal office is in Des Moines, IA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is BTC Capital Management registered with the SEC or a state?",
      "a": "BTC Capital Management is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 127158."
    },
    {
      "q": "How much does BTC Capital Management manage?",
      "a": "BTC Capital Management reports $4,598,715,309 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (70% discretionary)."
    },
    {
      "q": "How have BTC Capital Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for BTC Capital Management: Regulatory assets under management: $3,940,996,039 in the October 2021 data and $4,598,715,309 in the October 2026 data, up 17%. Total employees: 17 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does BTC Capital Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: charitable organizations (34); corporations or other businesses not listed above (21); banking or thrift institutions (18)."
    },
    {
      "q": "Which custodians does BTC Capital Management use?",
      "a": "BTC Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bankers Trust Company (affiliated with the firm) and BNY Mellon as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does BTC Capital 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/127158"
    },
    {
      "q": "What changed in BTC Capital Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 10 to 9. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3940996039.0,
      "total_employees": 17,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4267137347.0,
      "total_employees": 18,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3621197368.0,
      "total_employees": 19,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3836918843.0,
      "total_employees": 18,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4188851296.0,
      "total_employees": 18,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 4598715309.0,
      "total_employees": 17,
      "filing_date": "2026-03-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 10 to 9.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bankers Trust Company",
      "name_as_filed": "BANKERS TRUST COMPANY",
      "affiliated": true
    },
    {
      "name": "BNY Mellon",
      "name_as_filed": "BNY MELLON",
      "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/btc-capital-management-des-moines-ia-127158.md",
  "clients": [
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 18,
      "fewer_than_5": false,
      "raum": 3671682435.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 63134564.0
    },
    {
      "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": 175492605.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 34,
      "fewer_than_5": false,
      "raum": 292859613.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 94583574.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 4,
      "fewer_than_5": false,
      "raum": 78577347.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 21,
      "fewer_than_5": false,
      "raum": 222385171.0
    }
  ],
  "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/127158",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}