{
  "crd_number": 158371,
  "slug": "cannell-capital-llc-alta-wy-158371",
  "primary_business_name": "CANNELL CAPITAL LLC",
  "legal_name": "CANNELL CAPITAL LLC",
  "dbas": [
    "PAMPANITO CORPORATION DBA CANNELL CAPITAL CORPORATION (RELYING ADVISER)"
  ],
  "city": "Alta",
  "state": "WY",
  "country": "United States",
  "cbsa_code": "27220",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-07-29",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-03-20",
  "carried_forward": false,
  "raum_total": 372826733.0,
  "raum_discretionary": 372826733.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 204703299.0,
      "count": null,
      "description": "PROPRIETARY ACCOUNTS",
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 11768598.0,
      "count": 6
    },
    "pooled_investment_vehicles": {
      "raum": 156354836.0,
      "count": 2
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "NJ",
    "NY",
    "PA",
    "TN",
    "TX",
    "WY"
  ],
  "websites": [
    "https://cannellcapital.com",
    "https://linkedin.com/company/cannell-capital-llc/about",
    "https://twitter.com/cannellcapital"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158371",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "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?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "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?"
    }
  ],
  "city_as_filed": "ALTA",
  "url": "https://advisorcensus.com/firm/cannell-capital-llc-alta-wy-158371",
  "display_name": "Cannell Capital LLC",
  "summary": "Cannell Capital LLC is an SEC-registered investment advisory firm in Alta, WY, registered since 2011, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 20, 2026.",
  "citation": "AdvisorCensus. Cannell Capital LLC (CRD 158371): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Cannell Capital LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cannell Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Cannell Capital LLC located?",
      "a": "Cannell Capital LLC's principal office is in Alta, WY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Cannell Capital LLC registered with the SEC or a state?",
      "a": "Cannell Capital LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158371."
    },
    {
      "q": "How much does Cannell Capital LLC manage?",
      "a": "Cannell Capital LLC reports $372,826,733 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary)."
    },
    {
      "q": "How have Cannell Capital LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cannell Capital LLC: Regulatory assets under management: $631,599,364 in the October 2021 data and $372,826,733 in the October 2026 data, down 41%. Total employees: 8 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Cannell Capital LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (6); pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Which custodians does Cannell Capital LLC use?",
      "a": "Cannell Capital LLC'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."
    },
    {
      "q": "Does Cannell Capital LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). 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/158371"
    },
    {
      "q": "What changed in Cannell Capital LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $527,610,283 to $372,826,733 (-29%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 631599364.0,
      "total_employees": 8,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 892815319.0,
      "total_employees": 8,
      "filing_date": "2022-07-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 798823185.0,
      "total_employees": 7,
      "filing_date": "2023-05-12"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 851813961.0,
      "total_employees": 7,
      "filing_date": "2024-05-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 527610283.0,
      "total_employees": 4,
      "filing_date": "2025-04-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 372826733.0,
      "total_employees": 4,
      "filing_date": "2026-03-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 2.",
        "Regulatory assets under management went from $527,610,283 to $372,826,733 (-29%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "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/cannell-capital-llc-alta-wy-158371.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 6,
      "fewer_than_5": false,
      "raum": 11768598.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 156354836.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 204703299.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "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/158371",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}