# GSB Capital, LLC

> GSB Capital, LLC is an SEC-registered investment advisory firm, registered since 2021, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 311571
- Filed as: GSB CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311571
- AdvisorCensus page: https://advisorcensus.com/firm/gsb-capital-llc-311571

## Quick answers

**How is GSB Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), GSB Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Is GSB Capital, LLC registered with the SEC or a state?**
GSB Capital, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311571.

**How much does GSB Capital, LLC manage?**
GSB Capital, LLC reports $94,792,090 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary).

**How have GSB Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for GSB Capital, LLC: Regulatory assets under management: $49,151,000 in the October 2021 data and $94,792,090 in the October 2026 data, up 93%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does GSB Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does GSB 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/311571

**What changed in GSB Capital, LLC's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $73,303,964 to $94,792,090 (+29%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $94,792,090
- Discretionary: $94,792,090
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $94,792,090 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $49,151,000 | 1 | July 1, 2021 |
| October 2022 | $123,547,000 | 1 | March 14, 2022 |
| October 2023 | $133,638,060 | 1 | March 24, 2023 |
| October 2024 | $139,987,874 | 1 | June 25, 2024 |
| October 2025 | $73,303,964 | 1 | March 31, 2025 |
| October 2026 | $94,792,090 | 1 | April 2, 2026 |

Regulatory assets under management: $49,151,000 in the October 2021 data and $94,792,090 in the October 2026 data, up 93%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $73,303,964 to $94,792,090 (+29%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. GSB Capital, LLC (CRD 311571): Form ADV filing data as of October 2026.