# Elgethun Capital Management

> Elgethun Capital Management is an SEC-registered investment advisory firm in Sioux Falls, SD, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 127616
- Filed as: ELGETHUN CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sioux Falls, SD
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/127616
- AdvisorCensus page: https://advisorcensus.com/firm/elgethun-capital-management-sioux-falls-sd-127616

## Quick answers

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

**Where is Elgethun Capital Management located?**
Elgethun Capital Management's principal office is in Sioux Falls, SD, according to its Form ADV.

**Is Elgethun Capital Management registered with the SEC or a state?**
Elgethun Capital Management is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 127616.

**How much does Elgethun Capital Management manage?**
Elgethun Capital Management reports $1,139,926,422 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Elgethun Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Elgethun Capital Management: Regulatory assets under management: $442,231,320 in the October 2021 data and $1,139,926,422 in the October 2026 data, up 158%. Total employees: 5 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Elgethun Capital Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (177); individuals (other than high net worth individuals) (117); charitable organizations (7).

**Which custodians does Elgethun Capital Management use?**
Elgethun Capital Management'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 Elgethun 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/127616

**Does Elgethun Capital Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "The minimum dollar value of assets for starting or maintaining an account with Elgethun Capital Management is $5,000,000, which minimum may be waived at the discretion of ECM."

**What changed in Elgethun Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 9 to 10. Regulatory assets under management went from $884,530,390 to $1,139,926,422 (+29%).

## From the Form ADV filing

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

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

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

> The minimum dollar value of assets for starting or maintaining an account with Elgethun Capital Management is $5,000,000, which minimum may be waived at the discretion of ECM.

- Minimum annual fee: $15,000

> 3. Minimum annual fee is $15,000.00.

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: $1,139,926,422
- Discretionary: $1,139,926,422
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 117 | $37,993,751 |
| High net worth individuals | 177 | $983,452,667 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $86,000,214 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,214,106 |
| Charitable organizations | 7 | $11,957,307 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $19,308,377 |
| Other | 0 | $0 |

### 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
- Pension consulting services
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2006 (20 years)
- Employees: 13 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, FL, IL, LA, MN, NE, SD, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- elgethuncapitalmanagement.com
- LinkedIn @3308060

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $442,231,320 | 5 | March 27, 2021 |
| October 2022 | $532,447,906 | 7 | June 10, 2022 |
| October 2023 | $695,335,442 | 6 | July 19, 2023 |
| October 2024 | $786,613,953 | 6 | June 12, 2024 |
| October 2025 | $884,530,390 | 9 | May 30, 2025 |
| October 2026 | $1,139,926,422 | 13 | March 27, 2026 |

Regulatory assets under management: $442,231,320 in the October 2021 data and $1,139,926,422 in the October 2026 data, up 158%.
Total employees: 5 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 9 to 10.
- Regulatory assets under management went from $884,530,390 to $1,139,926,422 (+29%).

### January 2026
- Employees performing advisory functions went from 8 to 9.

### December 2025
- Employees performing advisory functions went from 7 to 8.
- Registered or notice-filed in LA, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Elgethun Capital Management (CRD 127616): Form ADV filing data as of October 2026.