{
  "crd_number": 292158,
  "slug": "innealta-capital-292158",
  "primary_business_name": "INNEALTA CAPITAL",
  "legal_name": "INNEALTA CAPITAL, LLC",
  "dbas": [
    "ACCLIVITY INVESTMENT RESEARCH"
  ],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2018-02-13",
  "years_registered": 8,
  "period": "2026-10-01",
  "filing_date": "2026-04-02",
  "carried_forward": false,
  "raum_total": 222447705.0,
  "raum_discretionary": 222447705.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 12779563.0,
      "count": 73
    },
    "investment_companies": {
      "raum": 184531605.0,
      "count": 3
    },
    "high_net_worth_individuals": {
      "raum": 9190638.0,
      "count": 17
    },
    "corporations_other_businesses": {
      "raum": 15945899.0,
      "count": 24
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CO",
    "MN",
    "TX"
  ],
  "websites": [
    "https://acclivityfunds.com",
    "https://acclivityresearch.com",
    "https://innealtacapital.com",
    "https://innealtafunds.com",
    "https://linkedin.com/company/acclivity-investment-research",
    "https://linkedin.com/company/innealta-capital",
    "https://youtube.com/channel/UCzXua-4Ihp6B08niQNBDwgg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/292158",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/innealta-capital-292158",
  "display_name": "Innealta Capital",
  "summary": "Innealta Capital is an SEC-registered investment advisory firm, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 2, 2026.",
  "citation": "AdvisorCensus. Innealta Capital (CRD 292158): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Innealta Capital compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Innealta Capital reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Innealta Capital charge?",
      "a": "Its Form ADV Part 2A brochure dated April 2, 2026 states: Asset-based fee: 0.35% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Innealta Capital registered with the SEC or a state?",
      "a": "Innealta Capital is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 292158."
    },
    {
      "q": "How much does Innealta Capital manage?",
      "a": "Innealta Capital reports $222,447,705 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary)."
    },
    {
      "q": "How have Innealta Capital's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Innealta Capital: Regulatory assets under management: $239,048,939 in the October 2021 data and $222,447,705 in the October 2026 data, down 7%. Total employees: 10 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Innealta Capital serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (73); corporations or other businesses not listed above (24); high net worth individuals (17)."
    },
    {
      "q": "Which custodians does Innealta Capital use?",
      "a": "Innealta Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and US Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Innealta Capital 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/292158"
    },
    {
      "q": "What changed in Innealta Capital's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $258,841,573 to $222,447,705 (-14%). No longer lists an office in Austin, TX. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 239048939.0,
      "total_employees": 10,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 255558240.0,
      "total_employees": 13,
      "filing_date": "2022-09-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 286210701.0,
      "total_employees": 17,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 305046819.0,
      "total_employees": 10,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 258841573.0,
      "total_employees": 6,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 222447705.0,
      "total_employees": 4,
      "filing_date": "2026-04-02"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $258,841,573 to $222,447,705 (-14%).",
        "No longer lists an office in Austin, TX.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 2, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.35% to 1% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.35% to 1% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Innealta receives a management fee (accrued daily) that range from 0.35% to 1.00% annually and payable monthly in arrears from each respective Fund."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.35,
        1.0
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Innealta receives a management fee (accrued daily) that range from 0.35% to 1.00% annually and payable monthly in arrears from each respective Fund."
    ],
    "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
    },
    {
      "name": "US Bank",
      "name_as_filed": "US BANK",
      "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/innealta-capital-292158.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 73,
      "fewer_than_5": false,
      "raum": 12779563.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 17,
      "fewer_than_5": false,
      "raum": 9190638.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 184531605.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 24,
      "fewer_than_5": false,
      "raum": 15945899.0
    }
  ],
  "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/292158",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}