AdvisorCensus / Financial advisors / Massachusetts / Boston / Excalibur Management Corp
Excalibur Management Corp is an SEC-registered investment advisory firm in Waltham, MA, registered since 1991, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 21, 2026.
Quick answers
From the filingHow is Excalibur Management Corp compensated?
On its Form ADV (Item 5.E, October 2026), Excalibur Management Corp reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Excalibur Management Corp's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 26, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Excalibur Management Corp located?
Excalibur Management Corp's principal office is in Waltham, MA, according to its Form ADV.
Is Excalibur Management Corp registered with the SEC or a state?
Excalibur Management Corp is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 110836.
How much does Excalibur Management Corp manage?
Excalibur Management Corp reports $712,076,143 in regulatory assets under management in its Form ADV filing dated September 21, 2026 (99% discretionary).
How have Excalibur Management Corp's assets and staff changed since 2021?
In the Form ADV data for Excalibur Management Corp: Regulatory assets under management: $518,995,248 in the October 2021 data and $712,076,143 in the October 2026 data, up 37%. Total employees: 9 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Excalibur Management Corp serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (176); high net worth individuals (131).
Which custodians does Excalibur Management Corp use?
Excalibur Management Corp's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and FNZ Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Excalibur Management Corp 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/110836
Does Excalibur Management Corp state an account minimum?
Its Form ADV Part 2A brochure dated March 26, 2026 says: "We require a minimum net worth of $1,000,000 for investment advisory services and financial planning services. Waivers or exceptions from the minimum may be granted at our discretion."
What changed in Excalibur Management Corp's recent Form ADV filings?
In the April 2026 filing data: Registered or notice-filed in WA.
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)
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 2AAsset-based fee: up to 1% of assets a year (the maximum the brochure states)
The brochure's wording
Our fees for investment management and advisory services range up to 1.0% (100 basis points) annually of account market value, including cash, as determined by the custodian, billed quarterly in arrears.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
We require a minimum net worth of $1,000,000 for investment advisory services and financial planning services. Waivers or exceptions from the minimum may be granted at our discretion.
As stated in the firm's Form ADV Part 2A brochure dated March 26, 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$712,076,143 as of October 2026, filing dated September 21, 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 businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1991 (35 years)
- Employees
- Total: 12. Performing investment advisory functions: 7.
- 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
-
18 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 | $712,076,143 | 12 | September 21, 2026 |
| October 2025 | $657,022,630 | 12 | March 24, 2025 |
| October 2024 | $606,399,680 | 11 | August 23, 2024 |
| October 2023 | $540,958,908 | 11 | July 13, 2023 |
| October 2022 | $571,985,553 | 9 | August 25, 2022 |
| October 2021 | $518,995,248 | 9 | March 19, 2021 |
Regulatory assets under management: $518,995,248 in the October 2021 data and $712,076,143 in the October 2026 data, up 37%.
Total employees: 9 in October 2021 and 12 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
- Registered or notice-filed in WA.
- January 2026
- Registered or notice-filed in TX.
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. Excalibur Management Corp (CRD 110836): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/excalibur-management-corp-waltham-ma-110836