{ "crd_number": 168313, "slug": "capital-impact-advisors-boston-ma-168313", "primary_business_name": "CAPITAL IMPACT ADVISORS", "legal_name": "CAPITAL IMPACT ADVISORS, LLC", "dbas": [], "city": "Boston", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2013-07-30", "years_registered": 13, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 1486837952.0, "raum_discretionary": 1486837952.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 5, "advisory_employees": 4, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 1486837952.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MA" ], "websites": [ "https://ershares.com", "https://facebook.com/ershares", "https://instagram.com/entrepreneurshares", "https://instagram.com/eva_ados?hl=en", "https://linkedin.com/company/entrepreneurshares-llc", "https://tiktok.com/@ershares", "https://tiktok.com/@eva_ados", "https://x.com/ershares?lang=en", "https://x.com/eva_ados?lang=en", "https://x.com/joel_shulman?lang=en", "https://youtube.com/channel/UC9kzPogaCli8ZuWdXMArPRg" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168313", "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/capital-impact-advisors-boston-ma-168313", "display_name": "Capital Impact Advisors", "summary": "Capital Impact Advisors is an SEC-registered investment advisory firm in Boston, MA, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Capital Impact Advisors (CRD 168313): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)" ], "quick_answers": [ { "q": "How is Capital Impact Advisors compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Capital Impact Advisors reports these compensation arrangements: a percentage of assets under its management." }, { "q": "Where is Capital Impact Advisors located?", "a": "Capital Impact Advisors' principal office is in Boston, MA, according to its Form ADV." }, { "q": "Is Capital Impact Advisors registered with the SEC or a state?", "a": "Capital Impact Advisors is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 168313." }, { "q": "How much does Capital Impact Advisors manage?", "a": "Capital Impact Advisors reports $1,486,837,952 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Capital Impact Advisors' assets and staff changed since 2021?", "a": "In the Form ADV data for Capital Impact Advisors: Regulatory assets under management: $625,464,284 in the October 2021 data and $1,486,837,952 in the October 2026 data, up 138%. Total employees: 9 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Capital Impact Advisors serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (1)." }, { "q": "Does Capital Impact Advisors report any disciplinary disclosures?", "a": "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/168313" }, { "q": "What changed in Capital Impact Advisors' recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $201,170,208 to $1,486,837,952 (+639%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 625464284.0, "total_employees": 9, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 301074245.0, "total_employees": 7, "filing_date": "2022-06-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 155011511.0, "total_employees": 6, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 170747801.0, "total_employees": 6, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 201170208.0, "total_employees": 5, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1486837952.0, "total_employees": 5, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $201,170,208 to $1,486,837,952 (+639%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/capital-impact-advisors-boston-ma-168313.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 1486837952.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "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/168313", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }