{
  "crd_number": 109993,
  "slug": "oarsman-capital-inc-milwaukee-wi-109993",
  "primary_business_name": "OARSMAN CAPITAL, INC",
  "legal_name": "OARSMAN CAPITAL, INC",
  "dbas": [
    "LRC AVIATION ADVISORS"
  ],
  "city": "Milwaukee",
  "state": "WI",
  "country": "United States",
  "cbsa_code": "33340",
  "metro": {
    "cbsa_code": "33340",
    "common_name": "Milwaukee",
    "msa_name": "Milwaukee-Waukesha, WI",
    "path": "/advisors/wi/milwaukee"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2002-03-15",
  "years_registered": 24,
  "period": "2026-10-01",
  "filing_date": "2026-09-08",
  "carried_forward": false,
  "raum_total": 1166995377.0,
  "raum_discretionary": 1114027602.0,
  "raum_non_discretionary": 52967775.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 13,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 5084145.0,
      "count": 6
    },
    "individuals": {
      "raum": 120604860.0,
      "count": 314
    },
    "pension_profit_sharing": {
      "raum": 715916.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 1040139060.0,
      "count": 356
    },
    "corporations_other_businesses": {
      "raum": 451396.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AZ",
    "CA",
    "CO",
    "FL",
    "IA",
    "IL",
    "MN",
    "NC",
    "NE",
    "NH",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://facebook.com/LRCaviation",
    "https://linkedin.com/company/lrc-aviation",
    "https://linkedin.com/company/oarsman-capital-inc",
    "https://lrcaviation.com",
    "https://oarsman.net",
    "https://youtube.com/@LRCAviationAdvisors/videos"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109993",
  "city_as_filed": "MILWAUKEE",
  "url": "https://advisorcensus.com/firm/oarsman-capital-inc-milwaukee-wi-109993",
  "display_name": "Oarsman Capital, Inc",
  "summary": "Oarsman Capital, Inc is an SEC-registered investment advisory firm in Milwaukee, WI, registered since 2002, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 8, 2026.",
  "citation": "AdvisorCensus. Oarsman Capital, Inc (CRD 109993): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Oarsman Capital, Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Oarsman Capital, Inc reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Oarsman Capital, Inc located?",
      "a": "Oarsman Capital, Inc's principal office is in Milwaukee, WI, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Oarsman Capital, Inc registered with the SEC or a state?",
      "a": "Oarsman Capital, Inc is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 109993."
    },
    {
      "q": "How much does Oarsman Capital, Inc manage?",
      "a": "Oarsman Capital, Inc reports $1,166,995,377 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (95% discretionary)."
    },
    {
      "q": "How have Oarsman Capital, Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Oarsman Capital, Inc: Regulatory assets under management: $435,570,258 in the October 2021 data and $1,166,995,377 in the October 2026 data, up 168%. Total employees: 9 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Oarsman Capital, Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (356); individuals (other than high net worth individuals) (314); charitable organizations (6)."
    },
    {
      "q": "Which custodians does Oarsman Capital, Inc use?",
      "a": "Oarsman Capital, 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 Oarsman Capital, 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/109993"
    },
    {
      "q": "Does Oarsman Capital, Inc state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 29, 2026 says: \"OCI and LRC have a targeted minimum account size is $1,000,000; however, this minimum may be waived in certain circumstances.\""
    },
    {
      "q": "What changed in Oarsman Capital, Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $926,809,806 to $1,166,995,377 (+26%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 435570258.0,
      "total_employees": 9,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 469041009.0,
      "total_employees": 9,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 439995408.0,
      "total_employees": 9,
      "filing_date": "2023-09-25"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 703305206.0,
      "total_employees": 14,
      "filing_date": "2024-08-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 926809806.0,
      "total_employees": 21,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1166995377.0,
      "total_employees": 21,
      "filing_date": "2026-09-08"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $926,809,806 to $1,166,995,377 (+26%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in IN."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 29, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "OCI and LRC have a targeted minimum account size is $1,000,000; however, this minimum may be waived in certain circumstances."
        ]
      }
    ],
    "quotes": [
      "OCI and LRC have a targeted minimum account size is $1,000,000; however, this minimum may be waived in certain circumstances."
    ],
    "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/oarsman-capital-inc-milwaukee-wi-109993.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 314,
      "fewer_than_5": false,
      "raum": 120604860.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 356,
      "fewer_than_5": false,
      "raum": 1040139060.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 715916.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 6,
      "fewer_than_5": false,
      "raum": 5084145.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 451396.0
    }
  ],
  "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/109993",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}