# Echelons Capital, LLC

> Echelons Capital, LLC is an SEC-registered investment advisory firm in Park City, UT, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 325781
- Filed as: ECHELONS CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Park City, UT
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/325781
- AdvisorCensus page: https://advisorcensus.com/firm/echelons-capital-llc-park-city-ut-325781

## Quick answers

**How is Echelons Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Echelons Capital, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**What does Echelons Capital, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 12, 2026 states: Asset-based fee: 0.35% to 1.25% 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 Echelons Capital, LLC located?**
Echelons Capital, LLC's principal office is in Park City, UT, according to its Form ADV.

**Is Echelons Capital, LLC registered with the SEC or a state?**
Echelons Capital, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 325781.

**How much does Echelons Capital, LLC manage?**
Echelons Capital, LLC reports $174,388,110 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary).

**How have Echelons Capital, LLC's assets and staff changed since 2023?**
In the Form ADV data for Echelons Capital, LLC: Regulatory assets under management: $118,365,109 in the October 2023 data and $174,388,110 in the October 2026 data, up 47%. Total employees: 2 in October 2023 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Echelons Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (18); individuals (other than high net worth individuals) (16); corporations or other businesses not listed above (2).

**Which custodians does Echelons Capital, LLC use?**
Echelons Capital, 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 Echelons Capital, 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/325781

**Does Echelons Capital, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 12, 2026 says: "In general, we require a minimum of $5,000,000 to open and maintain an advisory account; however, at our discretion, we may waive the minimums."

**What changed in Echelons Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Reported a succession: took over the business of Echelons Capital, LLC (CRD 325781) on January 14, 2023. Employees performing advisory functions went from 1 to 2. Regulatory assets under management went from $127,100,399 to $174,388,110 (+37%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 12, 2026)

- Asset-based fee: 0.35% to 1.25% a year (a range, as the brochure states it)

> Our annual fee for portfolio management services varies between .35% to 1.25% depending upon the market value of your assets under our management, the type and complexity of the asset management services provided, as well as the level of administration requested either directly or assumed by the client.

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> In general, we require a minimum of $5,000,000 to open and maintain an advisory account; however, at our discretion, we may waive the minimums.

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: $174,388,110
- Discretionary: $174,388,110
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 16 | $7,527,680 |
| High net worth individuals | 18 | $148,434,226 |
| Corporations or other businesses not listed above | 2 | $18,426,204 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA, IL, LA, NC, NY, TN, TX, UT, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- echelonscapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $118,365,109 | 2 | September 21, 2023 |
| October 2024 | $129,894,382 | 2 | July 12, 2024 |
| October 2025 | $127,100,399 | 2 | July 23, 2025 |
| October 2026 | $174,388,110 | 2 | March 12, 2026 |

Regulatory assets under management: $118,365,109 in the October 2023 data and $174,388,110 in the October 2026 data, up 47%.
Total employees: 2 in October 2023 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Reported a succession: took over the business of Echelons Capital, LLC (CRD 325781) on January 14, 2023.
- Employees performing advisory functions went from 1 to 2.
- Regulatory assets under management went from $127,100,399 to $174,388,110 (+37%).

### December 2025
- Registered or notice-filed in NY, VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Echelons Capital, LLC (CRD 325781): Form ADV filing data as of October 2026.