# Kastel Capital Advisors, LLC

> Kastel Capital Advisors, LLC is an SEC-registered investment advisory firm in Wellesley, MA, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 1, 2026.

- CRD: 226520
- Filed as: KASTEL CAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wellesley, MA
- Filing period: October 2026
- Form ADV filing dated: June 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/226520
- AdvisorCensus page: https://advisorcensus.com/firm/kastel-capital-advisors-llc-wellesley-ma-226520

## Quick answers

**How is Kastel Capital Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kastel Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Kastel Capital Advisors, LLC located?**
Kastel Capital Advisors, LLC's principal office is in Wellesley, MA, according to its Form ADV.

**Is Kastel Capital Advisors, LLC registered with the SEC or a state?**
Kastel Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 226520.

**How much does Kastel Capital Advisors, LLC manage?**
Kastel Capital Advisors, LLC reports $193,282,908 in regulatory assets under management in its Form ADV filing dated June 1, 2026 (78% discretionary).

**How have Kastel Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Kastel Capital Advisors, LLC: Regulatory assets under management: $106,300,458 in the October 2021 data and $193,282,908 in the October 2026 data, up 82%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kastel Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (54); individuals (other than high net worth individuals) (13).

**Which custodians does Kastel Capital Advisors, LLC use?**
Kastel Capital Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Kastel Capital Advisors, 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/226520

**Does Kastel Capital Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 25, 2026 says: "There is an account minimum of $500,000, which may be waived by KCAL in its discretion."

**What changed in Kastel Capital Advisors, LLC's recent Form ADV filings?**
In the July 2026 filing data: Registered or notice-filed in NH.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 25, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> There is an account minimum of $500,000, which may be waived by KCAL in its discretion.

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.
- Fidelity Brokerage Services LLC

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: $193,282,908
- Discretionary: $150,209,164
- Non-discretionary: $43,073,744

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 13 | $8,793,040 |
| High net worth individuals | 54 | $138,494,634 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $3,050,050 |
| Charitable organizations | Fewer than 5 | $42,945,184 |

### 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
- Pension consulting services

### Firm details
- Registered since: 2019 (7 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA, NH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kastelcapital.com
- X @KASTELCAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $106,300,458 | 4 | March 5, 2021 |
| October 2022 | $118,262,000 | 3 | April 27, 2022 |
| October 2023 | $114,065,592 | 3 | August 11, 2023 |
| October 2024 | $137,920,616 | 3 | August 28, 2024 |
| October 2025 | $164,571,865 | 3 | May 9, 2025 |
| October 2026 | $193,282,908 | 3 | June 1, 2026 |

Regulatory assets under management: $106,300,458 in the October 2021 data and $193,282,908 in the October 2026 data, up 82%.
Total employees: 4 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Registered or notice-filed in NH.

### March 2026
- Regulatory assets under management went from $164,571,865 to $193,282,908 (+17%).

### January 2026
- No longer registered or notice-filed in TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kastel Capital Advisors, LLC (CRD 226520): Form ADV filing data as of October 2026.