{
  "crd_number": 145322,
  "slug": "fulcrum-capital-llc-seattle-wa-145322",
  "primary_business_name": "FULCRUM CAPITAL, LLC",
  "legal_name": "FULCRUM CAPITAL, LLC",
  "dbas": [],
  "city": "Seattle",
  "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": "2007-10-23",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 1075250046.0,
  "raum_discretionary": 1044239128.0,
  "raum_non_discretionary": 31010918.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 13,
  "advisory_employees": 8,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 203402823.0,
      "count": 18
    },
    "high_net_worth_individuals": {
      "raum": 767812436.0,
      "count": 296
    },
    "corporations_other_businesses": {
      "raum": 104034787.0,
      "count": 15
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "TX",
    "WA"
  ],
  "websites": [
    "https://fulcrumcapllc.com",
    "https://linkedin.com/COMPANY/FULCRUM-CAPITAL-LLC"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145322",
  "city_as_filed": "SEATTLE",
  "url": "https://advisorcensus.com/firm/fulcrum-capital-llc-seattle-wa-145322",
  "display_name": "Fulcrum Capital, LLC",
  "summary": "Fulcrum Capital, LLC is an SEC-registered investment advisory firm in Seattle, WA, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Fulcrum Capital, LLC (CRD 145322): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Fulcrum Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Fulcrum Capital, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Fulcrum Capital, LLC located?",
      "a": "Fulcrum Capital, LLC's principal office is in Seattle, WA, according to its Form ADV."
    },
    {
      "q": "Is Fulcrum Capital, LLC registered with the SEC or a state?",
      "a": "Fulcrum Capital, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145322."
    },
    {
      "q": "How much does Fulcrum Capital, LLC manage?",
      "a": "Fulcrum Capital, LLC reports $1,075,250,046 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (97% discretionary)."
    },
    {
      "q": "How have Fulcrum Capital, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Fulcrum Capital, LLC: Regulatory assets under management: $694,781,129 in the October 2021 data and $1,075,250,046 in the October 2026 data, up 55%. Total employees: 10 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Fulcrum Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (296); charitable organizations (18); corporations or other businesses not listed above (15)."
    },
    {
      "q": "Which custodians does Fulcrum Capital, LLC use?",
      "a": "Fulcrum Capital, LLC'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."
    },
    {
      "q": "Does Fulcrum Capital, 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/145322"
    },
    {
      "q": "Does Fulcrum Capital, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 25, 2026 says: \"Our minimum household size is $1 million, though we may accept, in our sole discretion, households with fewer assets.\""
    },
    {
      "q": "What changed in Fulcrum Capital, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $975,924,657 to $1,075,250,046 (+10%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 694781129.0,
      "total_employees": 10,
      "filing_date": "2021-04-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 909761470.0,
      "total_employees": 12,
      "filing_date": "2022-03-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 746266303.0,
      "total_employees": 12,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 846845156.0,
      "total_employees": 11,
      "filing_date": "2024-03-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 975924657.0,
      "total_employees": 12,
      "filing_date": "2025-03-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1075250046.0,
      "total_employees": 13,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 7 to 8.",
        "Regulatory assets under management went from $975,924,657 to $1,075,250,046 (+10%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 25, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": "$20,000",
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Our minimum household size is $1 million, though we may accept, in our sole discretion, households with fewer assets."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $20,000"
        ],
        "quotes": [
          "Notwithstanding the schedule above, we assess a minimum annual fee of $20,000 per billing relationship, not additive to the standard tiered fee schedule in the IAA."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": 20000.0,
      "planning": []
    },
    "quotes": [
      "Our minimum household size is $1 million, though we may accept, in our sole discretion, households with fewer assets.",
      "Notwithstanding the schedule above, we assess a minimum annual fee of $20,000 per billing relationship, not additive to the standard tiered fee schedule in the IAA."
    ],
    "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
    }
  ],
  "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/fulcrum-capital-llc-seattle-wa-145322.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 296,
      "fewer_than_5": false,
      "raum": 767812436.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 18,
      "fewer_than_5": false,
      "raum": 203402823.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 15,
      "fewer_than_5": false,
      "raum": 104034787.0
    }
  ],
  "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/145322",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}