# Level Four Capital Management

> Level Four Capital Management is an SEC-registered investment advisory firm in Dallas, TX, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 11, 2026.

- CRD: 304792
- Filed as: LEVEL FOUR CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: September 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/304792
- AdvisorCensus page: https://advisorcensus.com/firm/level-four-capital-management-dallas-tx-304792

## Quick answers

**How is Level Four Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Level Four Capital Management reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Level Four Capital Management located?**
Level Four Capital Management's principal office is in Dallas, TX, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Level Four Capital Management registered with the SEC or a state?**
Level Four Capital Management is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 304792.

**How much does Level Four Capital Management manage?**
Level Four Capital Management reports $1,381,485,153 in regulatory assets under management in its Form ADV filing dated September 11, 2026 (100% discretionary).

**How have Level Four Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Level Four Capital Management: Regulatory assets under management: $790,936,094 in the October 2021 data and $1,381,485,153 in the October 2026 data, up 75%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Level Four Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,094); high net worth individuals (1,233); pension and profit sharing plans (but not the plan participants or government pension plans) (96).

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

**Does Level Four Capital Management 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/304792

**What changed in Level Four Capital Management's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC
- Raymond James & Associates, 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: $1,381,485,153
- Discretionary: $1,381,485,153
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,094 | $361,008,584 |
| High net worth individuals | 1,233 | $809,233,539 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 96 | $34,281,578 |
| Charitable organizations | 19 | $10,272,451 |
| Corporations or other businesses not listed above | 91 | $166,689,001 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2019 (6 years)
- Employees: 9 total, 8 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Greenville, NC

### Websites listed on Form ADV (Item 1.I)
- levelfourgroup.com/lfcm
- LinkedIn @levelfourgroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $790,936,094 | 9 | September 9, 2021 |
| October 2022 | $919,093,399 | 9 | March 30, 2022 |
| October 2023 | $784,408,511 | 10 | September 12, 2023 |
| October 2024 | $1,011,305,374 | 10 | March 27, 2024 |
| October 2025 | $1,229,065,993 | 9 | March 27, 2025 |
| October 2026 | $1,381,485,153 | 9 | September 11, 2026 |

Regulatory assets under management: $790,936,094 in the October 2021 data and $1,381,485,153 in the October 2026 data, up 75%.
Total employees: 9 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 9 to 8.
- Regulatory assets under management went from $1,229,065,993 to $1,381,485,153 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Level Four Capital Management (CRD 304792): Form ADV filing data as of October 2026.