# BTC Capital Management

> 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.

- CRD: 127158
- Filed as: BTC CAPITAL MANAGEMENT
- Legal name: BTC Capital Management, Inc.
- Also doing business as: BTC CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Des Moines, IA
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/127158
- AdvisorCensus page: https://advisorcensus.com/firm/btc-capital-management-des-moines-ia-127158

## Quick answers

**How is BTC Capital Management compensated?**
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).

**Where is BTC Capital Management located?**
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).

**Is BTC Capital Management registered with the SEC or a state?**
BTC Capital Management is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 127158.

**How much does BTC Capital Management manage?**
BTC Capital Management reports $4,598,715,309 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (70% discretionary).

**How have BTC Capital Management's assets and staff changed since 2021?**
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.

**What types of clients does BTC Capital Management serve?**
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).

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

**Does BTC 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/127158

**What changed in BTC Capital Management's recent Form ADV filings?**
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).

## 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))
- Bankers Trust Company (affiliated with the firm)
- BNY Mellon

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: $4,598,715,309
- Discretionary: $3,210,897,730
- Non-discretionary: $1,387,817,579

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | 18 | $3,671,682,435 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $63,134,564 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $175,492,605 |
| Charitable organizations | 34 | $292,859,613 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $94,583,574 |
| Insurance companies | 4 | $78,577,347 |
| Corporations or other businesses not listed above | 21 | $222,385,171 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2003 (23 years)
- Employees: 17 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, IA, NE, SD, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Cedar Rapids, IA
- Scottsdale, AZ

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,940,996,039 | 17 | March 30, 2021 |
| October 2022 | $4,267,137,347 | 18 | March 29, 2022 |
| October 2023 | $3,621,197,368 | 19 | March 30, 2023 |
| October 2024 | $3,836,918,843 | 18 | March 27, 2024 |
| October 2025 | $4,188,851,296 | 18 | March 14, 2025 |
| October 2026 | $4,598,715,309 | 17 | March 23, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 10 to 9.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BTC Capital Management (CRD 127158): Form ADV filing data as of October 2026.