# Mindstate Capital LLC

> Mindstate Capital LLC is a state-registered investment advisory firm, registered since 2023, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 318068
- Filed as: MINDSTATE CAPITAL LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/318068
- AdvisorCensus page: https://advisorcensus.com/firm/mindstate-capital-llc-318068

## Quick answers

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

**Is Mindstate Capital LLC registered with the SEC or a state?**
Mindstate Capital LLC is a state-registered investment advisory firm, registered since 2023. Status as filed: APPROVED. CRD 318068.

**How much does Mindstate Capital LLC manage?**
Mindstate Capital LLC reports $70,000,000 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary).

**What types of clients does Mindstate Capital LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (16).

**Does Mindstate Capital LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/318068

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $70,000,000
- Discretionary: $70,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 16 | $70,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2023 (3 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mindstatecapital.com

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mindstate Capital LLC (CRD 318068): Form ADV filing data as of October 2026.