# Carmel Capital Partners, LLC

> 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.

- CRD: 123907
- Filed as: CARMEL CAPITAL PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Diego, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/123907
- AdvisorCensus page: https://advisorcensus.com/firm/carmel-capital-partners-llc-san-diego-ca-123907

## Quick answers

**How is Carmel Capital Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Carmel Capital Partners, LLC reports these compensation arrangements: a percentage of assets under its management.

**What does Carmel Capital Partners, LLC's brochure say about its fees?**
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.

**Where is Carmel Capital Partners, LLC located?**
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).

**Is Carmel Capital Partners, LLC registered with the SEC or a state?**
Carmel Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 123907.

**How much does Carmel Capital Partners, LLC manage?**
Carmel Capital Partners, LLC reports $434,260,039 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (99% discretionary).

**How have Carmel Capital Partners, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Carmel Capital Partners, LLC serve?**
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).

**Which custodians does Carmel Capital Partners, LLC use?**
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.

**Does Carmel Capital Partners, 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/123907

**Does Carmel Capital Partners, LLC state an account minimum?**
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."

**What changed in Carmel Capital Partners, LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 0.6% to 1.5% a year (a range, as the brochure states it)

> 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.

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $434,260,039
- Discretionary: $431,222,042
- Non-discretionary: $3,037,997

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 153 | $105,526,170 |
| High net worth individuals | 94 | $265,685,856 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $16,372,686 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $43,065,123 |
| Corporations or other businesses not listed above | 5 | $3,610,204 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2005 (21 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, LA, NH, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- San Diego, CA

### Websites listed on Form ADV (Item 1.I)
- carmelcap.com
- carmelcapitalpartners.com
- LinkedIn @carmelcapitalpartners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $246,055,141 | 3 | March 23, 2021 |
| October 2022 | $386,413,000 | 5 | August 25, 2022 |
| October 2023 | $371,288,190 | 5 | September 21, 2023 |
| October 2024 | $333,256,985 | 10 | September 16, 2024 |
| October 2025 | $380,311,309 | 8 | March 29, 2025 |
| October 2026 | $434,260,039 | 9 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carmel Capital Partners, LLC (CRD 123907): Form ADV filing data as of October 2026.