# Nelson Capital Management, LLC

> Nelson Capital Management, LLC is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2004, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 129776
- Filed as: NELSON CAPITAL MANAGEMENT, LLC
- Also doing business as: NELSON CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/129776
- AdvisorCensus page: https://advisorcensus.com/firm/nelson-capital-management-llc-menlo-park-ca-129776

## Quick answers

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

**Where is Nelson Capital Management, LLC located?**
Nelson Capital Management, LLC's principal office is in Menlo Park, CA, according to its Form ADV.

**Is Nelson Capital Management, LLC registered with the SEC or a state?**
Nelson Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 129776.

**How much does Nelson Capital Management, LLC manage?**
Nelson Capital Management, LLC reports $810,783,772 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary).

**How have Nelson Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Nelson Capital Management, LLC: Regulatory assets under management: $574,552,255 in the October 2021 data and $810,783,772 in the October 2026 data, up 41%. Total employees: 8 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 Nelson Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (178); individuals (other than high net worth individuals) (21); charitable organizations (13).

**Which custodians does Nelson Capital Management, LLC use?**
Nelson Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and U.S. Bancorp Advisors, LLC as custodians holding 10% or more of its separately managed account assets.

**Does Nelson 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/129776

**What changed in Nelson Capital Management, LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $711,678,397 to $810,783,772 (+14%). 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
- Hourly charges

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- U.S. Bancorp Advisors, LLC

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: $810,783,772
- Discretionary: $810,783,772
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 21 | $3,045,172 |
| High net worth individuals | 178 | $705,962,902 |
| Charitable organizations | 13 | $77,747,382 |
| Other investment advisers | 2 | $24,028,316 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2004 (22 years)
- Employees: 10 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, NE, NH, NY, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- nelsoncap.com
- Facebook @nelsonrobertsinvestmentadvisors
- Instagram @nelson_capital
- LinkedIn @822268
- X @NELSONROBERTSIA
- YouTube @nelsoncapital7158

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $574,552,255 | 8 | April 15, 2021 |
| October 2022 | $626,079,810 | 9 | June 2, 2022 |
| October 2023 | $511,391,449 | 10 | March 15, 2023 |
| October 2024 | $637,647,197 | 10 | September 18, 2024 |
| October 2025 | $711,678,397 | 10 | March 17, 2025 |
| October 2026 | $810,783,772 | 10 | April 2, 2026 |

Regulatory assets under management: $574,552,255 in the October 2021 data and $810,783,772 in the October 2026 data, up 41%.
Total employees: 8 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $711,678,397 to $810,783,772 (+14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nelson Capital Management, LLC (CRD 129776): Form ADV filing data as of October 2026.