# Neumann Capital Management

> Neumann Capital Management is an SEC-registered investment advisory firm in Foster City, CA, registered since 1992, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.

- CRD: 112182
- Filed as: NEUMANN CAPITAL MANAGEMENT
- Legal name: Neumann Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Foster City, CA
- Filing period: October 2026
- Form ADV filing dated: August 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/112182
- AdvisorCensus page: https://advisorcensus.com/firm/neumann-capital-management-foster-city-ca-112182

## Quick answers

**How is Neumann Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Neumann 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 Neumann Capital Management located?**
Neumann Capital Management's principal office is in Foster City, CA, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Neumann Capital Management registered with the SEC or a state?**
Neumann Capital Management is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 112182.

**How much does Neumann Capital Management manage?**
Neumann Capital Management reports $630,287,808 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (100% discretionary).

**How have Neumann Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Neumann Capital Management: Regulatory assets under management: $439,114,157 in the October 2021 data and $630,287,808 in the October 2026 data, up 44%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Neumann Capital Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (128); individuals (other than high net worth individuals) (63).

**Which custodians does Neumann Capital Management use?**
Neumann Capital Management'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 Neumann 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/112182

**What changed in Neumann Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $568,518,840 to $630,287,808 (+11%). Registered or notice-filed in OR.

## 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.

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: $630,287,808
- Discretionary: $630,287,808
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 63 | $26,641,967 |
| High net worth individuals | 128 | $602,746,352 |
| Charitable organizations | Fewer than 5 | $556,093 |
| Corporations or other businesses not listed above | Fewer than 5 | $343,396 |

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

### Firm details
- Registered since: 1992 (34 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, IL, OR, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Walnut Creek, CA

### Websites listed on Form ADV (Item 1.I)
- [neumanncapital.com](https://neumanncapital.com)
- [neumanncm.portal.tamaracinc.com](https://neumanncm.portal.tamaracinc.com)
- LinkedIn @NEUMANN-CAPITAL-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $439,114,157 | 6 | March 26, 2021 |
| October 2022 | $515,435,206 | 6 | March 25, 2022 |
| October 2023 | $443,879,566 | 6 | July 17, 2023 |
| October 2024 | $506,151,502 | 4 | March 26, 2024 |
| October 2025 | $568,518,840 | 4 | June 18, 2025 |
| October 2026 | $630,287,808 | 4 | August 26, 2026 |

Regulatory assets under management: $439,114,157 in the October 2021 data and $630,287,808 in the October 2026 data, up 44%.
Total employees: 6 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $568,518,840 to $630,287,808 (+11%).
- Registered or notice-filed in OR.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Neumann Capital Management (CRD 112182): Form ADV filing data as of October 2026.