AdvisorCensus / Financial advisors / California / San Francisco / Capital Advantage, Inc.
Capital Advantage, Inc. is an SEC-registered investment advisory firm in Walnut Creek, CA, registered since 1998, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 25, 2026.
Quick answers
From the filingHow is Capital Advantage, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Capital Advantage, Inc. reports these compensation arrangements: a percentage of assets under its management.
Where is Capital Advantage, Inc. located?
Capital Advantage, Inc.'s principal office is in Walnut Creek, CA, according to its Form ADV.
Is Capital Advantage, Inc. registered with the SEC or a state?
Capital Advantage, Inc. is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108985.
How much does Capital Advantage, Inc. manage?
Capital Advantage, Inc. reports $1,276,570,885 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (100% discretionary).
How have Capital Advantage, Inc.'s assets and staff changed since 2021?
In the Form ADV data for Capital Advantage, Inc.: Regulatory assets under management: $891,590,122 in the October 2021 data and $1,276,570,885 in the October 2026 data, up 43%. Total employees: 14 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Capital Advantage, Inc. serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (352); individuals (other than high net worth individuals) (309); corporations or other businesses not listed above (4).
Which custodians does Capital Advantage, Inc. use?
Capital Advantage, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Capital Advantage, Inc. 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/108985
Does Capital Advantage, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated August 25, 2026 says: "Participation in advisory services requires a minimum portfolio size of $500,000. The minimum portfolio size of $500,000 may be waived for our clients based on individual client circumstances."
What changed in Capital Advantage, Inc.'s recent Form ADV filings?
In the September 2026 filing data: Employees performing advisory functions went from 9 to 8. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $500,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Participation in advisory services requires a minimum portfolio size of $500,000. The minimum portfolio size of $500,000 may be waived for our clients based on individual client circumstances.
As stated in the firm's Form ADV Part 2A brochure dated August 25, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,276,570,885 as of October 2026, filing dated August 25, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1998 (28 years)
- Employees
- Total: 16. Performing investment advisory functions: 8.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
8 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,276,570,885 | 16 | August 25, 2026 |
| October 2025 | $1,111,637,065 | 14 | March 31, 2025 |
| October 2024 | $1,002,166,936 | 13 | March 27, 2024 |
| October 2023 | $905,171,206 | 14 | April 10, 2023 |
| October 2022 | $981,065,395 | 13 | July 15, 2022 |
| October 2021 | $891,590,122 | 14 | August 23, 2021 |
Regulatory assets under management: $891,590,122 in the October 2021 data and $1,276,570,885 in the October 2026 data, up 43%.
Total employees: 14 in October 2021 and 16 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Employees performing advisory functions went from 9 to 8.
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Regulatory assets under management went from $1,111,637,065 to $1,276,570,885 (+15%).
- January 2026
- No longer registered or notice-filed in HI, UT.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Capital Advantage, Inc. (CRD 108985): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/capital-advantage-inc-walnut-creek-ca-108985