AdvisorCensus / Financial advisors / California / San Francisco / Lavelle Capital
Lavelle Capital is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.
Quick answers
From the filingHow is Lavelle Capital compensated?
On its Form ADV (Item 5.E, October 2026), Lavelle Capital reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.
Where is Lavelle Capital located?
Lavelle Capital's principal office is in San Francisco, CA, according to its Form ADV.
Is Lavelle Capital registered with the SEC or a state?
Lavelle Capital is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 316754.
How much does Lavelle Capital manage?
Lavelle Capital reports $508,200,682 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).
How have Lavelle Capital's assets and staff changed since 2022?
In the Form ADV data for Lavelle Capital: Regulatory assets under management: $204,473,651 in the October 2022 data and $508,200,682 in the October 2026 data, up 149%. Total employees: 1 in October 2022 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Lavelle Capital serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (74); pooled investment vehicles (other than investment companies and business development companies) (14); charitable organizations (5).
Which custodians does Lavelle Capital use?
Lavelle Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Goldman Sachs & Co. LLC as custodians holding 10% or more of its separately managed account assets.
Does Lavelle Capital 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/316754
Does Lavelle Capital state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Lavelle generally requires a minimum of $20,000,000 to open an individually managed account or provide other services but may waive this minimum."
What changed in Lavelle Capital's recent Form ADV filings?
In the October 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $410,087,852 to $508,200,682 (+24%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $20,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Lavelle generally requires a minimum of $20,000,000 to open an individually managed account or provide other services but may waive this minimum.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$508,200,682 as of October 2026, filing dated September 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Lavelle Capital LP
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (4 years)
- Employees
- Total: 3. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $508,200,682 | 3 | September 30, 2026 |
| October 2025 | $305,488,246 | 3 | March 31, 2025 |
| October 2024 | $267,417,882 | 3 | May 2, 2024 |
| October 2023 | $148,577,634 | 3 | April 28, 2023 |
| October 2022 | $204,473,651 | 1 | March 30, 2022 |
Regulatory assets under management: $204,473,651 in the October 2022 data and $508,200,682 in the October 2026 data, up 149%.
Total employees: 1 in October 2022 and 3 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $410,087,852 to $508,200,682 (+24%).
- Updated its list of owners and control persons (Schedule A).
- April 2026
- No longer lists the business name VSR Capital Management LP.
- Regulatory assets under management went from $305,488,246 to $410,087,852 (+34%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Lavelle Capital (CRD 316754): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/lavelle-capital-san-francisco-ca-316754