# Fell Capital Management

> Fell Capital Management is an SEC-registered investment advisory firm in Newport Beach, CA, registered since 1989, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 104986
- Filed as: FELL CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Newport Beach, CA
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104986
- AdvisorCensus page: https://advisorcensus.com/firm/fell-capital-management-newport-beach-ca-104986

## Quick answers

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

**How much does Fell Capital Management charge?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Up to $500,000: 1.5% a year; $500,000 to $1,000,000: 1.25% a year; $1,000,000 to $2,000,000: 1% a year; Above $2,000,000: 0.75% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Fell Capital Management located?**
Fell Capital Management's principal office is in Newport Beach, CA, according to its Form ADV.

**Is Fell Capital Management registered with the SEC or a state?**
Fell Capital Management is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 104986.

**How much does Fell Capital Management manage?**
Fell Capital Management reports $161,808,245 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).

**How have Fell Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Fell Capital Management: Regulatory assets under management: $150,700,000 in the October 2021 data and $161,808,245 in the October 2026 data, up 7%. Total employees: 2 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fell Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (38); high net worth individuals (29); pension and profit sharing plans (but not the plan participants or government pension plans) (6).

**Which custodians does Fell Capital Management use?**
Fell Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing Advisor Solutions LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Fell 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/104986

**What changed in Fell Capital Management's recent Form ADV filings?**
In the December 2025 filing data: Employees performing advisory functions went from 2 to 1. 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
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- Up to $500,000: 1.5% a year
- $500,000 to $1,000,000: 1.25% a year
- $1,000,000 to $2,000,000: 1% a year
- Above $2,000,000: 0.75% a year

> Our typical fee structure is as follows: First $ 500,000 1.50% per year Next $ 500,000 1.25% per year Next $1,000,000 1.00% per year Over $2,000,000 0.75% per year

- Minimum annual fee: $3,000

> Minimum Fee $3,000 per year

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing Advisor Solutions LLC

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: $161,808,245
- Discretionary: $161,808,245
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 38 | $15,959,197 |
| High net worth individuals | 29 | $136,621,688 |
| 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) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $9,227,360 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1989 (37 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $150,700,000 | 2 | March 26, 2021 |
| October 2022 | $165,000,000 | 2 | March 29, 2022 |
| October 2023 | $141,500,000 | 2 | March 28, 2023 |
| October 2024 | $164,000,000 | 2 | March 26, 2024 |
| October 2025 | $175,000,000 | 2 | March 21, 2025 |
| October 2026 | $161,808,245 | 1 | March 17, 2026 |

Regulatory assets under management: $150,700,000 in the October 2021 data and $161,808,245 in the October 2026 data, up 7%.
Total employees: 2 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Employees performing advisory functions went from 2 to 1.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fell Capital Management (CRD 104986): Form ADV filing data as of October 2026.