AdvisorCensus / Financial advisors / Massachusetts / Worcester / Cutler Capital Management
Cutler Capital Management
Filed as CUTLER CAPITAL MANAGEMENT · Legal name Cutler Capital Management LLC
Cutler Capital Management is an SEC-registered investment advisory firm in Worcester, MA, registered since 2000, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.
Quick answers
From the filingHow is Cutler Capital Management compensated?
On its Form ADV (Item 5.E, October 2026), Cutler Capital Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.
How much does Cutler Capital Management charge?
Its Form ADV Part 2A brochure dated March 25, 2026 states: Flat fee: $2,500 to $6,000 (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Cutler Capital Management located?
Cutler Capital Management's principal office is in Worcester, MA, according to its Form ADV.
Is Cutler Capital Management registered with the SEC or a state?
Cutler Capital Management is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 107463.
How much does Cutler Capital Management manage?
Cutler Capital Management reports $430,827,783 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).
How have Cutler Capital Management's assets and staff changed since 2021?
In the Form ADV data for Cutler Capital Management: Regulatory assets under management: $249,246,822 in the October 2021 data and $430,827,783 in the October 2026 data, up 73%. Total employees: 7 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 Cutler Capital Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (102); individuals (other than high net worth individuals) (22); corporations or other businesses not listed above (15).
Which custodians does Cutler Capital Management use?
Cutler Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC and RBC Capital Markets, LLC as custodians holding 10% or more of its separately managed account assets.
Does Cutler Capital Management 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/107463
Does Cutler Capital Management state an account minimum?
Its Form ADV Part 2A brochure dated March 25, 2026 says: "Cutler has a standardized minimum portfolio size for all clients of $1,000,000; provided, however, that Cutler will not manage a client's account unless the value of the account assets is sufficiently large enough to enable Cutler to meet the client's investment objectives."
What changed in Cutler Capital Management's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $339,913,005 to $430,827,783 (+27%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $1,000,000
The brochure's wording
Cutler has a standardized minimum portfolio size for all clients of $1,000,000; provided, however, that Cutler will not manage a client's account unless the value of the account assets is sufficiently large enough to enable Cutler to meet the client's investment objectives.
Minimum annual fee: $3,000
The brochure's wording
We charge a minimum investment management fee in the amount of $3,000 annually to open and maintain an advisory account. At our discretion we may waive such minimum fee.
Flat fee: $2,500 to $6,000 (financial planning services)
The brochure's wording
We charge a fixed fee for financial planning services, which generally ranges between $2,500 and $6,000.
As stated in the firm's Form ADV Part 2A brochure dated March 25, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$430,827,783 as of October 2026, filing dated March 25, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Legal name
- Cutler Capital Management LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2000 (26 years)
- Employees
- Total: 9. Performing investment advisory functions: 6.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
3 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $430,827,783 | 9 | March 25, 2026 |
| October 2025 | $339,913,005 | 9 | March 28, 2025 |
| October 2024 | $315,574,322 | 9 | March 26, 2024 |
| October 2023 | $305,457,112 | 8 | March 31, 2023 |
| October 2022 | $322,534,365 | 8 | April 14, 2022 |
| October 2021 | $249,246,822 | 7 | May 21, 2021 |
Regulatory assets under management: $249,246,822 in the October 2021 data and $430,827,783 in the October 2026 data, up 73%.
Total employees: 7 in October 2021 and 9 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $339,913,005 to $430,827,783 (+27%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Cutler Capital Management (CRD 107463): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/cutler-capital-management-worcester-ma-107463