{
  "crd_number": 318313,
  "slug": "gambit-capital-management-llc-318313",
  "primary_business_name": "GAMBIT CAPITAL MANAGEMENT, LLC",
  "legal_name": "GAMBIT CAPITAL MANAGEMENT, LLC",
  "dbas": [
    "STILL WATER WEALTH MANAGEMENT"
  ],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-04-11",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-08-03",
  "carried_forward": false,
  "raum_total": 167479471.0,
  "raum_discretionary": 164278826.0,
  "raum_non_discretionary": 3200645.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 16411661.0,
      "count": 58
    },
    "high_net_worth_individuals": {
      "raum": 148961544.0,
      "count": 49
    },
    "corporations_other_businesses": {
      "raum": 2106266.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AZ",
    "MN",
    "ND",
    "SD",
    "TN",
    "TX",
    "WI"
  ],
  "websites": [
    "https://gambitcm.com",
    "https://linkedin.com/company/gambitcm",
    "https://open.spotify.com/show/53TYPbZ9C66tjPP2T4aqin",
    "https://podcasts.apple.com/us/podcast/the-smo-show/id1752726544"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/318313",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/gambit-capital-management-llc-318313",
  "display_name": "Gambit Capital Management, LLC",
  "summary": "Gambit Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 3, 2026.",
  "citation": "AdvisorCensus. Gambit Capital Management, LLC (CRD 318313): 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",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Gambit Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Gambit Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Gambit Capital Management, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated August 3, 2026 states: Subscription: $1,000 a month (CIO consulting services); Flat fee: $500 to $2,500 (tax preparation services); Flat fee: $300 (initial consultation for financial coaching services); Subscription: $60 a month (financial coaching services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Gambit Capital Management, LLC registered with the SEC or a state?",
      "a": "Gambit Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 318313."
    },
    {
      "q": "How much does Gambit Capital Management, LLC manage?",
      "a": "Gambit Capital Management, LLC reports $167,479,471 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (98% discretionary)."
    },
    {
      "q": "How have Gambit Capital Management, LLC's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Gambit Capital Management, LLC: Regulatory assets under management: $101,311,686 in the October 2025 data and $167,479,471 in the October 2026 data, up 65%. Total employees: 4 in October 2025 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Gambit Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (58); high net worth individuals (49)."
    },
    {
      "q": "Which custodians does Gambit Capital Management, LLC use?",
      "a": "Gambit Capital Management, 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 Gambit Capital Management, LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/318313"
    },
    {
      "q": "What changed in Gambit Capital Management, LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Added the business name Still Water Wealth Management. Added an office in Stillwater, MN. No longer lists an office in Woodbury, MN."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 101311686.0,
      "total_employees": 4,
      "filing_date": "2025-07-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 167479471.0,
      "total_employees": 6,
      "filing_date": "2026-08-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Added the business name Still Water Wealth Management.",
        "Added an office in Stillwater, MN.",
        "No longer lists an office in Woodbury, MN."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Its Item 11 disclosure answers changed.",
        "Employees performing advisory functions went from 4 to 6.",
        "Regulatory assets under management went from $101,311,686 to $167,479,471 (+65%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 3, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Subscription: $1,000 a month (CIO consulting services)",
      "Flat fee: $500 to $2,500 (tax preparation services)",
      "Flat fee: $300 (initial consultation for financial coaching services)",
      "Subscription: $60 a month (financial coaching services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $1,000 a month (CIO consulting services)"
        ],
        "quotes": [
          "Flat Fees for CIO consulting services are set at a fixed annual fee rate of $1,000 per month."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $500 to $2,500 (tax preparation services)"
        ],
        "quotes": [
          "GCM will assess a flat fee for this service, which typically ranges between $500-$2,500."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $300 (initial consultation for financial coaching services)"
        ],
        "quotes": [
          "The initial consultation fee for financial coaching services are charged in advanced at a fixed rate of $300."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $60 a month (financial coaching services)"
        ],
        "quotes": [
          "Following the initial consultation, financial coaching services are set at a fixed monthly rate of $60 per month."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "subscription",
          "amount": 1000.0,
          "min": null,
          "max": null,
          "period": "monthly",
          "service": "CIO consulting services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 500.0,
          "max": 2500.0,
          "period": "one_time",
          "service": "tax preparation services"
        },
        {
          "kind": "flat",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "initial consultation for financial coaching services"
        },
        {
          "kind": "subscription",
          "amount": 60.0,
          "min": null,
          "max": null,
          "period": "monthly",
          "service": "financial coaching services"
        }
      ]
    },
    "quotes": [
      "Flat Fees for CIO consulting services are set at a fixed annual fee rate of $1,000 per month.",
      "GCM will assess a flat fee for this service, which typically ranges between $500-$2,500.",
      "The initial consultation fee for financial coaching services are charged in advanced at a fixed rate of $300.",
      "Following the initial consultation, financial coaching services are set at a fixed monthly rate of $60 per month."
    ],
    "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/gambit-capital-management-llc-318313.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 58,
      "fewer_than_5": false,
      "raum": 16411661.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 49,
      "fewer_than_5": false,
      "raum": 148961544.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 2106266.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "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/318313",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}