# 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.

- CRD: 135470
- Filed as: PHOCAS FINANCIAL CORPORATION
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Alameda, CA
- Filing period: October 2026
- Form ADV filing dated: May 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135470
- AdvisorCensus page: https://advisorcensus.com/firm/phocas-financial-corporation-alameda-ca-135470

## Quick answers

**How 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

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

### Regulatory assets under management (Item 5.F)
- Total: $682,712,667
- Discretionary: $682,712,667
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 18 | $57,253,038 |
| High net worth individuals | 5 | $4,459,302 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 1 | $7,243,547 |
| State or municipal government entities (including government pension plans) | 11 | $613,478,430 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $278,350 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2005 (21 years)
- Employees: 10 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $743,474,824 | 12 | July 15, 2021 |
| October 2022 | $924,276,719 | 10 | April 12, 2022 |
| October 2023 | $787,187,033 | 10 | March 28, 2023 |
| October 2024 | $829,397,677 | 8 | September 19, 2024 |
| October 2025 | $793,398,331 | 8 | March 24, 2025 |
| October 2026 | $682,712,667 | 10 | May 12, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Phocas Financial Corporation (CRD 135470): Form ADV filing data as of October 2026.