# Calton & Associates, Inc.

> Calton & Associates, Inc. is an SEC-registered investment advisory firm in Tampa, FL, registered since 2009, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 6, 2026.

- CRD: 20999
- Filed as: CALTON & ASSOCIATES, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tampa, FL
- Filing period: October 2026
- Form ADV filing dated: August 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/20999
- AdvisorCensus page: https://advisorcensus.com/firm/calton-and-associates-inc-tampa-fl-20999

## Quick answers

**How is Calton & Associates, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Calton & Associates, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions; performance-based fees.

**How much does Calton & Associates, Inc. charge?**
Its Form ADV Part 2A brochure dated December 26, 2025 states: Asset-based fee: up to 2.6% of assets a year (the maximum the brochure states); Flat fee: up to $50,000 (one time consulting fees); Hourly rate: up to $500 an hour. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Calton & Associates, Inc. located?**
Calton & Associates, Inc.'s principal office is in Tampa, FL, according to its Form ADV; the September 2026 filing also lists 22 other offices (Schedule D, Section 1.F).

**Is Calton & Associates, Inc. registered with the SEC or a state?**
Calton & Associates, Inc. is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 20999.

**How much does Calton & Associates, Inc. manage?**
Calton & Associates, Inc. reports $1,576,517,756 in regulatory assets under management in its Form ADV filing dated August 6, 2026 (99% discretionary).

**How have Calton & Associates, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Calton & Associates, Inc.: Regulatory assets under management: $1,442,430,317 in the October 2021 data and $1,576,517,756 in the October 2026 data, up 9%. Total employees: 425 in October 2021 and 373 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Calton & Associates, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,778); high net worth individuals (278); pension and profit sharing plans (but not the plan participants or government pension plans) (227).

**Which custodians does Calton & Associates, Inc. use?**
Calton & Associates, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Goldman Sachs Custody Solutions, Hilltop Securities Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Calton & Associates, Inc. report any disciplinary disclosures?**
Reports 7 disclosure items on Form ADV Item 11: yes answers to 7 questions about regulatory matters (11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(2)). 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/20999

**Does Calton & Associates, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated December 26, 2025 says: "To open and maintain a portfolio management account with Calton, the firm generally requires that the client have an initial account value of at least $50,000. Calton may at its discretion accept clients with smaller account values."

**What changed in Calton & Associates, Inc.'s recent Form ADV filings?**
In the June 2026 filing data: Item 11 disclosure answers changed: 7 yes answers, previously 8 (now no: 11.D(1)).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated December 26, 2025)

- Asset-based fee: up to 2.6% of assets a year (the maximum the brochure states)

> Calton charges investment advisory fees for its portfolio management services based on a percentage of assets in clients’ accounts up to 2.60%.

> 1. Fees for Assets Under Management may not exceed 1.5%;

- Account minimum: $50,000 (the brochure says it may be waived or negotiated)

> To open and maintain a portfolio management account with Calton, the firm generally requires that the client have an initial account value of at least $50,000. Calton may at its discretion accept clients with smaller account values.

- Flat fee: up to $50,000 (one time consulting fees)

> Fees for one time consulting fees may not exceed $50,000;

- Hourly rate: up to $500 an hour

> Hourly Fees may not exceed $500 an hour

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Goldman Sachs Custody Solutions
- Hilltop Securities Inc.
- National Financial Services LLC

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: $1,576,517,756
- Discretionary: $1,553,575,965
- Non-discretionary: $22,941,791

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4,778 | $803,708,779 |
| High net worth individuals | 278 | $646,216,332 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 227 | $126,592,645 |
| Corporations or other businesses not listed above | Not reported | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2009 (17 years)
- Employees: 373 total, 221 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV
- Disclosures (Item 11): Reports 7 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 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?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

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/20999

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Boise, ID
- Clearwater, FL
- Detroit Lakes, MN
- Eugene, OR
- Fallston, MD
- Folsom, CA
- Hazlet, NJ
- Lady Lake, FL
- Lakeland, FL
- Louisville, KY
- Marble Falls, TX
- Mount Laurel, NJ
- New Ulm, MN
- Ocala, FL
- Pensacola Beach, FL
- Pikeville, KY
- Sioux Falls, SD
- Tallahassee, FL
- Tampa, FL
- Verona, WI
- West Covina, CA
- Winter Park, FL

### Websites listed on Form ADV (Item 1.I)
- [calton.com](https://calton.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,442,430,317 | 425 | September 9, 2021 |
| October 2022 | $1,290,950,297 | 467 | September 8, 2022 |
| October 2023 | $970,466,410 | 486 | August 16, 2023 |
| October 2024 | $1,059,090,559 | 515 | March 5, 2024 |
| October 2025 | $1,216,021,701 | 515 | July 30, 2025 |
| October 2026 | $1,576,517,756 | 373 | August 6, 2026 |

Regulatory assets under management: $1,442,430,317 in the October 2021 data and $1,576,517,756 in the October 2026 data, up 9%.
Total employees: 425 in October 2021 and 373 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Item 11 disclosure answers changed: 7 yes answers, previously 8 (now no: 11.D(1)).

### January 2026
- Regulatory assets under management went from $1,216,021,701 to $1,576,517,756 (+30%).
- Added an office in Marble Falls, TX.
- No longer lists an office in Moscow, TN.
- No longer lists an office in Plano, TX.
- No longer lists an office in San Diego, CA.

### December 2025
- Registered or notice-filed in PR.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Calton & Associates, Inc. (CRD 20999): Form ADV filing data as of October 2026.