# Leisure Capital Management, Inc.

> Leisure Capital Management, Inc. is an SEC-registered investment advisory firm in Costa Mesa, CA, registered since 2002, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 120374
- Filed as: LEISURE CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Costa Mesa, CA
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/120374
- AdvisorCensus page: https://advisorcensus.com/firm/leisure-capital-management-inc-costa-mesa-ca-120374

## Quick answers

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

**Where is Leisure Capital Management, Inc. located?**
Leisure Capital Management, Inc.'s principal office is in Costa Mesa, CA, according to its Form ADV.

**Is Leisure Capital Management, Inc. registered with the SEC or a state?**
Leisure Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120374.

**How much does Leisure Capital Management, Inc. manage?**
Leisure Capital Management, Inc. reports $873,950,396 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

**How have Leisure Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Leisure Capital Management, Inc.: Regulatory assets under management: $536,013,991 in the October 2021 data and $873,950,396 in the October 2026 data, up 63%. Total employees: 9 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Leisure Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (170); high net worth individuals (169); charitable organizations (10).

**Which custodians does Leisure Capital Management, Inc. use?**
Leisure Capital Management, Inc.'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 Leisure Capital Management, Inc. 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/120374

**Does Leisure Capital Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 24, 2026 says: "Generally, LCM requires clients to maintain a minimum account size of $500,000." "LCM may reduce or waive the account minimum requirements at our discretion."

**What changed in Leisure Capital Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $778,663,456 to $873,950,396 (+12%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 24, 2026)

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

> Generally, LCM requires clients to maintain a minimum account size of $500,000.

> LCM may reduce or waive the account minimum requirements at our 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.

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: $873,950,396
- Discretionary: $873,950,396
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 170 | $117,907,824 |
| High net worth individuals | 169 | $727,568,425 |
| Charitable organizations | 10 | $28,474,147 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2002 (24 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, LA, PR, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [leisurecapital.com](https://leisurecapital.com)
- [leisurecapital.net](https://leisurecapital.net)
- Facebook @LeisureCapitalMgmt
- LinkedIn @leisurecapital
- X @LeisureCapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $536,013,991 | 9 | June 2, 2021 |
| October 2022 | $655,072,707 | 9 | March 22, 2022 |
| October 2023 | $664,270,614 | 9 | May 5, 2023 |
| October 2024 | $703,936,802 | 10 | March 13, 2024 |
| October 2025 | $778,663,456 | 10 | April 17, 2025 |
| October 2026 | $873,950,396 | 10 | March 24, 2026 |

Regulatory assets under management: $536,013,991 in the October 2021 data and $873,950,396 in the October 2026 data, up 63%.
Total employees: 9 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $778,663,456 to $873,950,396 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Leisure Capital Management, Inc. (CRD 120374): Form ADV filing data as of October 2026.