# Capital Research & Consulting LLC

> Capital Research & Consulting LLC is an SEC-registered investment advisory firm in Pasadena, CA, registered since 1999, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 22, 2026.

- CRD: 109868
- Filed as: CAPITAL RESEARCH & CONSULTING LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pasadena, CA
- Filing period: October 2026
- Form ADV filing dated: June 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109868
- AdvisorCensus page: https://advisorcensus.com/firm/capital-research-and-consulting-llc-pasadena-ca-109868

## Quick answers

**How is Capital Research & Consulting LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Capital Research & Consulting LLC reports these compensation arrangements: fixed fees (other than subscription fees); other.

**Where is Capital Research & Consulting LLC located?**
Capital Research & Consulting LLC's principal office is in Pasadena, CA, according to its Form ADV.

**Is Capital Research & Consulting LLC registered with the SEC or a state?**
Capital Research & Consulting LLC is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 109868.

**How much does Capital Research & Consulting LLC manage?**
Capital Research & Consulting LLC reports $5,985,401,577 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (10% discretionary).

**How have Capital Research & Consulting LLC's assets and staff changed since 2021?**
In the Form ADV data for Capital Research & Consulting LLC: Regulatory assets under management: $5,443,985,825 in the October 2021 data and $5,985,401,577 in the October 2026 data, up 10%. Total employees: 6 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Capital Research & Consulting LLC serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (15); state or municipal government entities (including government pension plans) (5).

**Does Capital Research & Consulting 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/109868

**Does Capital Research & Consulting LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "Capital Research + Consulting LLC does not require a minimum amount of assets to service an account."

**What changed in Capital Research & Consulting LLC's recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in TX.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: None

> Capital Research + Consulting LLC does not require a minimum amount of assets to service an account.

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

### Regulatory assets under management (Item 5.F)
- Total: $5,985,401,577
- Discretionary: $603,021,851
- Non-discretionary: $5,382,379,726

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Not reported | $0 |
| High net worth individuals | Not reported | $0 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $4,969,458,693 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | 5 | $1,015,942,884 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 1999 (27 years)
- Employees: 8 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, NC, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- capitalresearchandconsulting.com
- LinkedIn @ARROYO-INVESTMENT-GROUP-&-CAPITAL-RESEARCH-&-CONSULTING

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,443,985,825 | 6 | March 22, 2021 |
| October 2022 | $6,440,522,381 | 6 | March 21, 2022 |
| October 2023 | $5,458,392,441 | 8 | March 24, 2023 |
| October 2024 | $6,339,135,274 | 8 | April 22, 2024 |
| October 2025 | $6,068,217,582 | 8 | March 17, 2025 |
| October 2026 | $5,985,401,577 | 8 | June 22, 2026 |

Regulatory assets under management: $5,443,985,825 in the October 2021 data and $5,985,401,577 in the October 2026 data, up 10%.
Total employees: 6 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Research & Consulting LLC (CRD 109868): Form ADV filing data as of October 2026.