# Fulcrum Capital, LLC

> 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.

- CRD: 145322
- Filed as: FULCRUM CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145322
- AdvisorCensus page: https://advisorcensus.com/firm/fulcrum-capital-llc-seattle-wa-145322

## Quick answers

**How is Fulcrum Capital, LLC compensated?**
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).

**Where is Fulcrum Capital, LLC located?**
Fulcrum Capital, LLC's principal office is in Seattle, WA, according to its Form ADV.

**Is Fulcrum Capital, LLC registered with the SEC or a state?**
Fulcrum Capital, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145322.

**How much does Fulcrum Capital, LLC manage?**
Fulcrum Capital, LLC reports $1,075,250,046 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (97% discretionary).

**How have Fulcrum Capital, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Fulcrum Capital, LLC serve?**
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).

**Which custodians does Fulcrum Capital, LLC use?**
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.

**Does Fulcrum 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/145322

**Does Fulcrum Capital, LLC state an account minimum?**
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."

**What changed in Fulcrum Capital, LLC's recent Form ADV filings?**
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%).

## 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 25, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Our minimum household size is $1 million, though we may accept, in our sole discretion, households with fewer assets.

- Minimum annual fee: $20,000

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $1,075,250,046
- Discretionary: $1,044,239,128
- Non-discretionary: $31,010,918

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 296 | $767,812,436 |
| Charitable organizations | 18 | $203,402,823 |
| Corporations or other businesses not listed above | 15 | $104,034,787 |

### 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2007 (18 years)
- Employees: 13 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fulcrumcapllc.com
- LinkedIn @FULCRUM-CAPITAL-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $694,781,129 | 10 | April 25, 2021 |
| October 2022 | $909,761,470 | 12 | March 28, 2022 |
| October 2023 | $746,266,303 | 12 | March 27, 2023 |
| October 2024 | $846,845,156 | 11 | March 15, 2024 |
| October 2025 | $975,924,657 | 12 | March 19, 2025 |
| October 2026 | $1,075,250,046 | 13 | March 25, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 8.
- Regulatory assets under management went from $975,924,657 to $1,075,250,046 (+10%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fulcrum Capital, LLC (CRD 145322): Form ADV filing data as of October 2026.