{
  "crd_number": 123176,
  "slug": "mentor-capital-management-inc-chicago-il-123176",
  "primary_business_name": "MENTOR CAPITAL MANAGEMENT INC.",
  "legal_name": "MENTOR CAPITAL MANAGEMENT INC.",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-04-03",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 226369687.0,
  "raum_discretionary": 187770831.0,
  "raum_non_discretionary": 38598856.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 200739794.0,
      "count": 227
    },
    "high_net_worth_individuals": {
      "raum": 24886994.0,
      "count": null,
      "fewer_than_5": true
    },
    "corporations_other_businesses": {
      "raum": 742899.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IL",
    "IN",
    "TX",
    "WI"
  ],
  "websites": [
    "https://facebook.com/profile.php?id=100005897226109",
    "https://linkedin.com/in/mentorcapital",
    "https://mentoradvisers.com",
    "https://twitter.com/MentorCapitalMg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123176",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/mentor-capital-management-inc-chicago-il-123176",
  "display_name": "Mentor Capital Management Inc.",
  "summary": "Mentor Capital Management Inc. is an SEC-registered investment advisory firm in Chicago, IL, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Mentor Capital Management Inc. (CRD 123176): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Mentor Capital Management Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Mentor Capital Management Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Mentor Capital Management Inc. located?",
      "a": "Mentor Capital Management Inc.'s principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Mentor Capital Management Inc. registered with the SEC or a state?",
      "a": "Mentor Capital Management Inc. is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 123176."
    },
    {
      "q": "How much does Mentor Capital Management Inc. manage?",
      "a": "Mentor Capital Management Inc. reports $226,369,687 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (83% discretionary)."
    },
    {
      "q": "How have Mentor Capital Management Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Mentor Capital Management Inc.: Regulatory assets under management: $133,621,603 in the October 2021 data and $226,369,687 in the October 2026 data, up 69%. Total employees: 2 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Mentor Capital Management Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (227)."
    },
    {
      "q": "Which custodians does Mentor Capital Management Inc. use?",
      "a": "Mentor 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."
    },
    {
      "q": "Does Mentor Capital Management Inc. report any disciplinary disclosures?",
      "a": "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/123176"
    },
    {
      "q": "Does Mentor Capital Management Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"Mentor Capital Management Inc. does not impose a minimum dollar value of assets or any other condition for starting or maintaining an account. Accounts may be of any size, investments of any type.\""
    },
    {
      "q": "What changed in Mentor Capital Management Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $195,230,556 to $226,369,687 (+16%). Registered or notice-filed in IN, WI."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 133621603.0,
      "total_employees": 2,
      "filing_date": "2021-03-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 174258842.0,
      "total_employees": 2,
      "filing_date": "2022-03-07"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 152300332.0,
      "total_employees": 2,
      "filing_date": "2023-03-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 178224150.0,
      "total_employees": 4,
      "filing_date": "2024-04-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 195230556.0,
      "total_employees": 4,
      "filing_date": "2025-04-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 226369687.0,
      "total_employees": 4,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 4.",
        "Regulatory assets under management went from $195,230,556 to $226,369,687 (+16%).",
        "Registered or notice-filed in IN, WI."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "None",
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Mentor Capital Management Inc. does not impose a minimum dollar value of assets or any other condition for starting or maintaining an account. Accounts may be of any size, investments of any type."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: None"
        ],
        "quotes": [
          "MINIMUM AND MAXIMUM ANNUAL FEES\nThere are no minimum or maximum annual fees."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": 0.0,
      "planning": []
    },
    "quotes": [
      "Mentor Capital Management Inc. does not impose a minimum dollar value of assets or any other condition for starting or maintaining an account. Accounts may be of any size, investments of any type.",
      "MINIMUM AND MAXIMUM ANNUAL FEES\nThere are no minimum or maximum annual fees."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/mentor-capital-management-inc-chicago-il-123176.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 227,
      "fewer_than_5": false,
      "raum": 200739794.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 24886994.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 742899.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123176",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}