# Capital Formation Advisers LLC

> Capital Formation Advisers LLC is an SEC-registered investment advisory firm, registered since 1997, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 5, 2026.

- CRD: 111815
- Filed as: CAPITAL FORMATION ADVISERS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111815
- AdvisorCensus page: https://advisorcensus.com/firm/capital-formation-advisers-llc-111815

## Quick answers

**How is Capital Formation Advisers LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Capital Formation Advisers LLC reports these compensation arrangements: hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is Capital Formation Advisers LLC registered with the SEC or a state?**
Capital Formation Advisers LLC is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 111815.

**How much does Capital Formation Advisers LLC manage?**
Capital Formation Advisers LLC reports $68,447,213 in regulatory assets under management in its Form ADV filing dated March 5, 2026 (57% discretionary).

**How have Capital Formation Advisers LLC's assets and staff changed since 2021?**
In the Form ADV data for Capital Formation Advisers LLC: Regulatory assets under management: $57,274,613 in the October 2021 data and $68,447,213 in the October 2026 data, up 20%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Capital Formation Advisers LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (5); pension and profit sharing plans (but not the plan participants or government pension plans) (1); other (1).

**Which custodians does Capital Formation Advisers LLC use?**
Capital Formation Advisers LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley as custodians holding 10% or more of its separately managed account assets.

**Does Capital Formation Advisers LLC 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/111815

## From the Form ADV filing

### Compensation (Item 5.E)
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities LLC
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Morgan Stanley

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: $68,447,213
- Discretionary: $38,887,006
- Non-discretionary: $29,560,207

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 5 | $65,616,591 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $953,630 |
| Other | 1 | $1,876,992 |

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

### Firm details
- Registered since: 1997 (28 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, HI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $57,274,613 | 1 | March 17, 2021 |
| October 2022 | $69,211,271 | 1 | March 15, 2022 |
| October 2023 | $62,358,916 | 1 | March 24, 2023 |
| October 2024 | $65,200,102 | 1 | March 21, 2024 |
| October 2025 | $65,678,356 | 1 | March 7, 2025 |
| October 2026 | $68,447,213 | 1 | March 5, 2026 |

Regulatory assets under management: $57,274,613 in the October 2021 data and $68,447,213 in the October 2026 data, up 20%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Formation Advisers LLC (CRD 111815): Form ADV filing data as of October 2026.