# Caldwell Sutter Capital, Inc.

> Caldwell Sutter Capital, Inc. is an SEC-registered investment advisory firm in Sausalito, CA, registered since 2006, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 17, 2026.

- CRD: 10489
- Filed as: CALDWELL SUTTER CAPITAL, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sausalito, CA
- Filing period: October 2026
- Form ADV filing dated: April 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/10489
- AdvisorCensus page: https://advisorcensus.com/firm/caldwell-sutter-capital-inc-sausalito-ca-10489

## Quick answers

**How is Caldwell Sutter Capital, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Caldwell Sutter Capital, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Caldwell Sutter Capital, Inc. located?**
Caldwell Sutter Capital, Inc.'s principal office is in Sausalito, CA, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Caldwell Sutter Capital, Inc. registered with the SEC or a state?**
Caldwell Sutter Capital, Inc. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 10489.

**How much does Caldwell Sutter Capital, Inc. manage?**
Caldwell Sutter Capital, Inc. reports $605,675,350 in regulatory assets under management in its Form ADV filing dated April 17, 2026 (95% discretionary).

**How have Caldwell Sutter Capital, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Caldwell Sutter Capital, Inc.: Regulatory assets under management: $235,242,733 in the October 2021 data and $605,675,350 in the October 2026 data, up 157%. Total employees: 19 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 Caldwell Sutter Capital, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (381); high net worth individuals (147); corporations or other businesses not listed above (11).

**Which custodians does Caldwell Sutter Capital, Inc. use?**
Caldwell Sutter Capital, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Wedbush Securities Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Caldwell Sutter Capital, Inc. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). 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/10489

**What changed in Caldwell Sutter Capital, Inc.'s recent Form ADV filings?**
In the January 2026 filing data: Employees performing advisory functions went from 6 to 5. Registered or notice-filed in FL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Wedbush Securities 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: $605,675,350
- Discretionary: $574,731,511
- Non-discretionary: $30,943,839

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 381 | $153,909,207 |
| High net worth individuals | 147 | $425,020,062 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $3,521,965 |
| Charitable organizations | Fewer than 5 | $546,084 |
| Corporations or other businesses not listed above | 11 | $22,678,032 |

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

### Firm details
- Registered since: 2006 (20 years)
- Employees: 17 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, ID, IL, NV, NY, OH, OR, TX, WA
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/10489

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Santa Rosa, CA

### Websites listed on Form ADV (Item 1.I)
- cald.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $235,242,733 | 19 | July 12, 2021 |
| October 2022 | $306,527,755 | 19 | July 11, 2022 |
| October 2023 | $299,739,888 | 19 | March 2, 2023 |
| October 2024 | $488,409,198 | 23 | December 11, 2023 |
| October 2025 | $571,092,070 | 20 | May 27, 2025 |
| October 2026 | $605,675,350 | 17 | April 17, 2026 |

Regulatory assets under management: $235,242,733 in the October 2021 data and $605,675,350 in the October 2026 data, up 157%.
Total employees: 19 in October 2021 and 17 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- Employees performing advisory functions went from 6 to 5.
- Registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Caldwell Sutter Capital, Inc. (CRD 10489): Form ADV filing data as of October 2026.