# First Growth Capital LLC

> First Growth Capital LLC is an SEC-registered investment advisory firm, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 305958
- Filed as: FIRST GROWTH CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305958
- AdvisorCensus page: https://advisorcensus.com/firm/first-growth-capital-llc-305958

## Quick answers

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

**How much does First Growth Capital LLC charge?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Asset-based fee: 0.5% to 2% a year (a range, as the brochure states it); Subscription: $3,000 to $50,000 a year (Consultation Service); Hourly rate: $250 to $500 an hour (Consultation Service). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is First Growth Capital LLC registered with the SEC or a state?**
First Growth Capital LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 305958.

**How much does First Growth Capital LLC manage?**
First Growth Capital LLC reports $130,622,527 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).

**How have First Growth Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for First Growth Capital LLC: Regulatory assets under management: $140,303,000 in the October 2021 data and $130,622,527 in the October 2026 data, down 7%. Total employees: 2 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does First Growth Capital LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (51); individuals (other than high net worth individuals) (16).

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

**Does First Growth 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/305958

**Does First Growth Capital LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 17, 2026 says: "Generally, First Growth Capital’s minimum account size is $500,000 USD. First Growth Capital reserves the right to waive or increase its minimum investment amount on a case by case basis."

**What changed in First Growth Capital LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $214,651,390 to $130,622,527 (-39%). Added an office in West Palm Beach, FL. 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
- Fixed fees (other than subscription fees)

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

- Asset-based fee: 0.5% to 2% a year (a range, as the brochure states it)

> Generally, these advisory fees range from 0.50% to 2.00% of assets under management, but the fee can be higher or lower than this range.

> First Growth Capital’s fees generally range between 0.50% and 2.00 % of the client’s account per annum.

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> Generally, First Growth Capital’s minimum account size is $500,000 USD. First Growth Capital reserves the right to waive or increase its minimum investment amount on a case by case basis.

- Subscription: $3,000 to $50,000 a year (Consultation Service)

> First Growth Capital intends to charge retainer fees of between $3,000 and $50,000 annually, depending on services rendered.

- Hourly rate: $250 to $500 an hour (Consultation Service)

> Generally, hourly fees range between $250 and $500 depending on services rendered and the experience level of the professional performing the service.

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

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers 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: $130,622,527
- Discretionary: $130,622,527
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 16 | $2,802,242 |
| High net worth individuals | 51 | $127,820,285 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 4 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MD, PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- West Palm Beach, FL

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $140,303,000 | 2 | July 30, 2021 |
| October 2022 | $197,692,881 | 2 | September 23, 2022 |
| October 2023 | $168,729,483 | 2 | May 9, 2023 |
| October 2024 | $181,051,270 | 3 | June 20, 2024 |
| October 2025 | $217,615,400 | 4 | June 23, 2025 |
| October 2026 | $130,622,527 | 4 | March 17, 2026 |

Regulatory assets under management: $140,303,000 in the October 2021 data and $130,622,527 in the October 2026 data, down 7%.
Total employees: 2 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $214,651,390 to $130,622,527 (-39%).
- Added an office in West Palm Beach, FL.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- Employees performing advisory functions went from 2 to 1.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Growth Capital LLC (CRD 305958): Form ADV filing data as of October 2026.