{ "crd_number": 172198, "slug": "fortis-capital-management-llc-bellevue-wa-172198", "primary_business_name": "FORTIS CAPITAL MANAGEMENT LLC", "legal_name": "FORTIS CAPITAL MANAGEMENT LLC", "dbas": [ "FORTIS FINANCIAL GROUP", "PRISM CAPITAL MANAGEMENT" ], "city": "Bellevue", "state": "WA", "country": "United States", "cbsa_code": "42660", "metro": { "cbsa_code": "42660", "common_name": "Seattle", "msa_name": "Seattle-Tacoma-Bellevue, WA", "path": "/advisors/wa/seattle" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2018-04-27", "years_registered": 8, "period": "2026-10-01", "filing_date": "2026-04-29", "carried_forward": false, "raum_total": 1161542535.0, "raum_discretionary": 1158551643.0, "raum_non_discretionary": 2990892.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 22, "advisory_employees": 18, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 3301627.0, "count": 2, "fewer_than_5": true }, "individuals": { "raum": 78133217.0, "count": 398 }, "pension_profit_sharing": { "raum": 24422998.0, "count": 19 }, "high_net_worth_individuals": { "raum": 912238991.0, "count": 267 }, "pooled_investment_vehicles": { "raum": 143445702.0, "count": 2 } }, "compensation_types": [ "fixed", "hourly", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "educational_seminars", "financial_planning", "periodicals_newsletters", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "MN", "NY", "OR", "TX", "WA" ], "websites": [ "https://facebook.com/Fortis-Financial-Group-201957123543074", "https://facebook.com/prismcapitalmanagement", "https://fortis.capital", "https://instagram.com/fortisfinancialgroup", "https://instagram.com/prismcapitalman", "https://linkedin.com/company/fortisfinancialgroup", "https://prismadvisor.com", "https://twitter.com/FortisWealthMgt", "https://twitter.com/PrismCapitalMan" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/172198", "city_as_filed": "BELLEVUE", "url": "https://advisorcensus.com/firm/fortis-capital-management-llc-bellevue-wa-172198", "display_name": "Fortis Capital Management LLC", "summary": "Fortis Capital Management LLC is an SEC-registered investment advisory firm in Bellevue, WA, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 29, 2026.", "citation": "AdvisorCensus. Fortis Capital Management LLC (CRD 172198): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "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", "Publication of periodicals or newsletters", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is Fortis Capital Management LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Fortis Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees; other." }, { "q": "Where is Fortis Capital Management LLC located?", "a": "Fortis Capital Management LLC's principal office is in Bellevue, WA, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Fortis Capital Management LLC registered with the SEC or a state?", "a": "Fortis Capital Management LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 172198." }, { "q": "How much does Fortis Capital Management LLC manage?", "a": "Fortis Capital Management LLC reports $1,161,542,535 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (100% discretionary)." }, { "q": "How have Fortis Capital Management LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Fortis Capital Management LLC: Regulatory assets under management: $155,733,693 in the October 2021 data and $1,161,542,535 in the October 2026 data, up 646%. Total employees: 8 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Fortis Capital Management LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (398); high net worth individuals (267); pension and profit sharing plans (but not the plan participants or government pension plans) (19)." }, { "q": "Which custodians does Fortis Capital Management LLC use?", "a": "Fortis Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Interactive Brokers LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Fortis Capital Management LLC report any disciplinary disclosures?", "a": "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/172198" }, { "q": "What changed in Fortis Capital Management LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 17 to 18. Regulatory assets under management went from $775,879,246 to $1,161,542,535 (+50%). Added an office in Burlington, WA. No longer lists an office in Mt Vernon, WA. Registered or notice-filed in AZ, MN, OR. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 155733693.0, "total_employees": 8, "filing_date": "2021-07-27" }, { "period": "2022-10-01", "regulatory_assets_under_management": 234597980.0, "total_employees": 8, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 436032984.0, "total_employees": 10, "filing_date": "2023-08-03" }, { "period": "2024-10-01", "regulatory_assets_under_management": 496934324.0, "total_employees": 9, "filing_date": "2024-09-30" }, { "period": "2025-10-01", "regulatory_assets_under_management": 726261882.0, "total_employees": 12, "filing_date": "2025-03-21" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1161542535.0, "total_employees": 22, "filing_date": "2026-04-29" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 17 to 18.", "Regulatory assets under management went from $775,879,246 to $1,161,542,535 (+50%).", "Added an office in Burlington, WA.", "No longer lists an office in Mt Vernon, WA.", "Registered or notice-filed in AZ, MN, OR.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 11 to 17." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Added the business name Prism Capital Management.", "Added an office in Mt Vernon, WA." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated April 2, 2026", "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": "$10,000", "figures": [ { "label": "Minimum annual fee", "statements": [ "Minimum annual fee: $10,000" ], "quotes": [ "The minimum annual fee to engage in our services is $10,000 per year, though we may waive this minimum at our discretion." ] } ], "quotes": [ "The minimum annual fee to engage in our services is $10,000 per year, though we may waive this minimum at our discretion." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": false }, { "name": "Interactive Brokers LLC", "name_as_filed": "INTERACTIVE BROKERS LLC", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/fortis-capital-management-llc-bellevue-wa-172198.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 398, "fewer_than_5": false, "raum": 78133217.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 267, "fewer_than_5": false, "raum": 912238991.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 2, "fewer_than_5": false, "raum": 143445702.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 19, "fewer_than_5": false, "raum": 24422998.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 2, "fewer_than_5": true, "raum": 3301627.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/172198", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }