{
  "crd_number": 123907,
  "slug": "carmel-capital-partners-llc-san-diego-ca-123907",
  "primary_business_name": "CARMEL CAPITAL PARTNERS, LLC",
  "legal_name": "CARMEL CAPITAL PARTNERS, LLC",
  "dbas": [],
  "city": "San Diego",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41740",
  "metro": {
    "cbsa_code": "41740",
    "common_name": "San Diego",
    "msa_name": "San Diego-Chula Vista-Carlsbad, CA",
    "path": "/advisors/ca/san-diego"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-09-23",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 434260039.0,
  "raum_discretionary": 431222042.0,
  "raum_non_discretionary": 3037997.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 105526170.0,
      "count": 153
    },
    "pension_profit_sharing": {
      "raum": 43065123.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 265685856.0,
      "count": 94
    },
    "pooled_investment_vehicles": {
      "raum": 16372686.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 3610204.0,
      "count": 5
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "IL",
    "LA",
    "NH",
    "TX",
    "WA"
  ],
  "websites": [
    "https://carmelcap.com",
    "https://carmelcapitalpartners.com",
    "https://linkedin.com/company/carmelcapitalpartners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123907",
  "city_as_filed": "SAN DIEGO",
  "url": "https://advisorcensus.com/firm/carmel-capital-partners-llc-san-diego-ca-123907",
  "display_name": "Carmel Capital Partners, LLC",
  "summary": "Carmel Capital Partners, LLC is an SEC-registered investment advisory firm in San Diego, CA, registered since 2005, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Carmel Capital Partners, LLC (CRD 123907): 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 individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Carmel Capital Partners, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Carmel Capital Partners, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Carmel Capital Partners, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.6% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Carmel Capital Partners, LLC located?",
      "a": "Carmel Capital Partners, LLC's principal office is in San Diego, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Carmel Capital Partners, LLC registered with the SEC or a state?",
      "a": "Carmel Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 123907."
    },
    {
      "q": "How much does Carmel Capital Partners, LLC manage?",
      "a": "Carmel Capital Partners, LLC reports $434,260,039 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (99% discretionary)."
    },
    {
      "q": "How have Carmel Capital Partners, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Carmel Capital Partners, LLC: Regulatory assets under management: $246,055,141 in the October 2021 data and $434,260,039 in the October 2026 data, up 76%. Total employees: 3 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Carmel Capital Partners, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (153); high net worth individuals (94); pension and profit sharing plans (but not the plan participants or government pension plans) (8)."
    },
    {
      "q": "Which custodians does Carmel Capital Partners, LLC use?",
      "a": "Carmel Capital Partners, 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 Carmel Capital Partners, LLC 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/123907"
    },
    {
      "q": "Does Carmel Capital Partners, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"We generally require a minimum account size of $500,000 for separately managed accounts. We may waive this requirement in our discretion if, for example, you appear to have significant potential for increasing assets under our management.\""
    },
    {
      "q": "What changed in Carmel Capital Partners, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 7 to 5. Regulatory assets under management went from $380,311,309 to $434,260,039 (+14%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 246055141.0,
      "total_employees": 3,
      "filing_date": "2021-03-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 386413000.0,
      "total_employees": 5,
      "filing_date": "2022-08-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 371288190.0,
      "total_employees": 5,
      "filing_date": "2023-09-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 333256985.0,
      "total_employees": 10,
      "filing_date": "2024-09-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 380311309.0,
      "total_employees": 8,
      "filing_date": "2025-03-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 434260039.0,
      "total_employees": 9,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 7 to 5.",
        "Regulatory assets under management went from $380,311,309 to $434,260,039 (+14%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.6% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.6% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "We charge an annualized fee ranging between 0.60% and 1.50% of the value of your assets under management. The fee is determined based on the type and complexity of the client’s account."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "We generally require a minimum account size of $500,000 for separately managed accounts. We may waive this requirement in our discretion if, for example, you appear to have significant potential for increasing assets under our management."
        ]
      }
    ],
    "quotes": [
      "We charge an annualized fee ranging between 0.60% and 1.50% of the value of your assets under management. The fee is determined based on the type and complexity of the client’s account.",
      "We generally require a minimum account size of $500,000 for separately managed accounts. We may waive this requirement in our discretion if, for example, you appear to have significant potential for increasing assets under our management."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "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/carmel-capital-partners-llc-san-diego-ca-123907.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 153,
      "fewer_than_5": false,
      "raum": 105526170.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 94,
      "fewer_than_5": false,
      "raum": 265685856.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 16372686.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 43065123.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 3610204.0
    }
  ],
  "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/123907",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}