# Gencap Portfolio Management

> Gencap Portfolio Management is an SEC-registered investment advisory firm in Tiburon, CA, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 269910
- Filed as: GENCAP PORTFOLIO MANAGEMENT
- Legal name: Front Row Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tiburon, CA
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/269910
- AdvisorCensus page: https://advisorcensus.com/firm/gencap-portfolio-management-tiburon-ca-269910

## Quick answers

**How is Gencap Portfolio Management compensated?**
On its Form ADV (Item 5.E, October 2026), Gencap Portfolio Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; other.

**Where is Gencap Portfolio Management located?**
Gencap Portfolio Management's principal office is in Tiburon, CA, according to its Form ADV.

**Is Gencap Portfolio Management registered with the SEC or a state?**
Gencap Portfolio Management is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 269910.

**How much does Gencap Portfolio Management manage?**
Gencap Portfolio Management reports $420,428,246 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (91% discretionary).

**How have Gencap Portfolio Management's assets and staff changed since 2021?**
In the Form ADV data for Gencap Portfolio Management: Regulatory assets under management: $249,267,707 in the October 2021 data and $420,428,246 in the October 2026 data, up 69%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Gencap Portfolio Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (120); individuals (other than high net worth individuals) (56); charitable organizations (4).

**Which custodians does Gencap Portfolio Management use?**
Gencap Portfolio Management'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 Gencap Portfolio Management 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/269910

**Does Gencap Portfolio Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 12, 2026 says: "There is no account minimum for any of FRA LLC’s services."

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 12, 2026)

- Account minimum: None

> There is no account minimum for any of FRA LLC’s services.

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: $420,428,246
- Discretionary: $382,287,872
- Non-discretionary: $38,140,374

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 56 | $98,485,303 |
| High net worth individuals | 120 | $302,534,600 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 3 | $4,454,959 |
| Charitable organizations | 4 | $1,969,713 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 1 | $12,983,671 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 8 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $249,267,707 | 8 | June 8, 2021 |
| October 2022 | $324,439,403 | 8 | February 1, 2022 |
| October 2023 | $254,626,233 | 8 | February 8, 2023 |
| October 2024 | $309,221,291 | 8 | March 21, 2024 |
| October 2025 | $396,253,659 | 8 | February 20, 2025 |
| October 2026 | $420,428,246 | 8 | March 12, 2026 |

Regulatory assets under management: $249,267,707 in the October 2021 data and $420,428,246 in the October 2026 data, up 69%.
Total employees: 8 in October 2021 and 8 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gencap Portfolio Management (CRD 269910): Form ADV filing data as of October 2026.