# Manchester Capital Management LLC

> Manchester Capital Management LLC is an SEC-registered investment advisory firm in Manchester, VT, registered since 1993, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 6, 2026.

- CRD: 110003
- Filed as: MANCHESTER CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Manchester, VT
- Filing period: October 2026
- Form ADV filing dated: July 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110003
- AdvisorCensus page: https://advisorcensus.com/firm/manchester-capital-management-llc-manchester-vt-110003

## Quick answers

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

**Where is Manchester Capital Management LLC located?**
Manchester Capital Management LLC's principal office is in Manchester, VT, according to its Form ADV; the August 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Manchester Capital Management LLC registered with the SEC or a state?**
Manchester Capital Management LLC is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 110003.

**How much does Manchester Capital Management LLC manage?**
Manchester Capital Management LLC reports $2,832,800,084 in regulatory assets under management in its Form ADV filing dated July 6, 2026 (98% discretionary).

**How have Manchester Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Manchester Capital Management LLC: Regulatory assets under management: $3,616,897,170 in the October 2021 data and $2,832,800,084 in the October 2026 data, down 22%. Total employees: 36 in October 2021 and 38 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Manchester Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (153); individuals (other than high net worth individuals) (58); pooled investment vehicles (other than investment companies and business development companies) (16).

**Which custodians does Manchester Capital Management LLC use?**
Manchester Capital Management LLC'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 Manchester Capital Management 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/110003

**What changed in Manchester Capital Management LLC's recent Form ADV filings?**
In the August 2026 filing data: Changed its office addresses in New York, NY.

## From the Form ADV filing

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

### 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: $2,832,800,084
- Discretionary: $2,772,662,616
- Non-discretionary: $60,137,468

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 58 | $25,281,135 |
| High net worth individuals | 153 | $2,197,806,526 |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $525,469,473 |
| Charitable organizations | 7 | $84,242,950 |

### Advisory services (Item 5.G)
- Financial planning services
- 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)

### Firm details
- Registered since: 1993 (33 years)
- Employees: 38 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, DC, DE, FL, IL, MA, MD, MN, NC, NH, NJ, NY, OR, TX, VA, VI, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Charlottesville, VA
- Montecito, CA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- mcmllc.com
- LinkedIn @MANCHESTER-CAPITAL-MANAGEMENT
- YouTube youtube.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,616,897,170 | 36 | March 29, 2021 |
| October 2022 | $3,707,935,412 | 33 | March 21, 2022 |
| October 2023 | $3,167,899,263 | 33 | March 24, 2023 |
| October 2024 | $3,688,455,226 | 37 | July 16, 2024 |
| October 2025 | $3,535,130,537 | 36 | May 13, 2025 |
| October 2026 | $2,832,800,084 | 38 | July 6, 2026 |

Regulatory assets under management: $3,616,897,170 in the October 2021 data and $2,832,800,084 in the October 2026 data, down 22%.
Total employees: 36 in October 2021 and 38 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Changed its office addresses in New York, NY.

### April 2026
- Employees performing advisory functions went from 15 to 14.
- Regulatory assets under management went from $3,535,130,537 to $2,832,800,084 (-20%).
- Registered or notice-filed in CO, NC, NJ, VI.

### November 2025
- Changed its office addresses in New York, NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Manchester Capital Management LLC (CRD 110003): Form ADV filing data as of October 2026.