AdvisorCensus / Financial advisors / California / San Francisco / Phocas Financial Corporation
Phocas Financial Corporation is an SEC-registered investment advisory firm in Alameda, CA, registered since 2005, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 12, 2026.
Quick answers
From the filingHow is Phocas Financial Corporation compensated?
On its Form ADV (Item 5.E, October 2026), Phocas Financial Corporation 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 Phocas Financial Corporation located?
Phocas Financial Corporation's principal office is in Alameda, CA, according to its Form ADV.
Is Phocas Financial Corporation registered with the SEC or a state?
Phocas Financial Corporation is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 135470.
How much does Phocas Financial Corporation manage?
Phocas Financial Corporation reports $682,712,667 in regulatory assets under management in its Form ADV filing dated May 12, 2026 (100% discretionary).
How have Phocas Financial Corporation's assets and staff changed since 2021?
In the Form ADV data for Phocas Financial Corporation: Regulatory assets under management: $743,474,824 in the October 2021 data and $682,712,667 in the October 2026 data, down 8%. Total employees: 12 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 Phocas Financial Corporation serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (18); state or municipal government entities (including government pension plans) (11); high net worth individuals (5).
Does Phocas Financial Corporation 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/135470
What changed in Phocas Financial Corporation's recent Form ADV filings?
In the June 2026 filing data: Registered or notice-filed in FL.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated April 23, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$682,712,667 as of October 2026, filing dated May 12, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2005 (21 years)
- Employees
- Total: 10. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $682,712,667 | 10 | May 12, 2026 |
| October 2025 | $793,398,331 | 8 | March 24, 2025 |
| October 2024 | $829,397,677 | 8 | September 19, 2024 |
| October 2023 | $787,187,033 | 10 | March 28, 2023 |
| October 2022 | $924,276,719 | 10 | April 12, 2022 |
| October 2021 | $743,474,824 | 12 | July 15, 2021 |
Regulatory assets under management: $743,474,824 in the October 2021 data and $682,712,667 in the October 2026 data, down 8%.
Total employees: 12 in October 2021 and 10 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- June 2026
- Registered or notice-filed in FL.
- May 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $826,944,166 to $682,712,667 (-17%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Phocas Financial Corporation (CRD 135470): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/phocas-financial-corporation-alameda-ca-135470