{
  "crd_number": 269931,
  "slug": "proficio-capital-partners-llc-newton-ma-269931",
  "primary_business_name": "PROFICIO CAPITAL PARTNERS LLC",
  "legal_name": "PROFICIO CAPITAL PARTNERS LLC",
  "dbas": [],
  "city": "Newton",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-07-31",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-09-01",
  "carried_forward": false,
  "raum_total": 8173568643.0,
  "raum_discretionary": 7637771487.0,
  "raum_non_discretionary": 535797156.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 25,
  "advisory_employees": 11,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "investment_companies": {
      "raum": 95258340.0,
      "count": 1
    },
    "other_investment_advisers": {
      "raum": 55135515.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 7177874367.0,
      "count": 143
    },
    "pooled_investment_vehicles": {
      "raum": 338834802.0,
      "count": 9
    },
    "corporations_other_businesses": {
      "raum": 506465619.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DE",
    "FL",
    "GA",
    "ID",
    "IL",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MT",
    "NC",
    "NH",
    "NJ",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://linkedin.com/company/10176061",
    "https://proficiocap.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/269931",
  "city_as_filed": "NEWTON",
  "url": "https://advisorcensus.com/firm/proficio-capital-partners-llc-newton-ma-269931",
  "display_name": "Proficio Capital Partners LLC",
  "summary": "Proficio Capital Partners LLC is an SEC-registered investment advisory firm in Newton, MA, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 1, 2026.",
  "citation": "AdvisorCensus. Proficio Capital Partners LLC (CRD 269931): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Proficio Capital Partners LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Proficio Capital Partners LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does Proficio Capital Partners LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Flat fee: up to $1,500,000 a year (additional services required, the amount of assets under management or in…); Flat fee: up to $500,000 a year (advice on unmanaged assets). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Proficio Capital Partners LLC located?",
      "a": "Proficio Capital Partners LLC's principal office is in Newton, MA, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Proficio Capital Partners LLC registered with the SEC or a state?",
      "a": "Proficio Capital Partners LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 269931."
    },
    {
      "q": "How much does Proficio Capital Partners LLC manage?",
      "a": "Proficio Capital Partners LLC reports $8,173,568,643 in regulatory assets under management in its Form ADV filing dated September 1, 2026 (93% discretionary)."
    },
    {
      "q": "How have Proficio Capital Partners LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Proficio Capital Partners LLC: Regulatory assets under management: $2,354,637,089 in the October 2021 data and $8,173,568,643 in the October 2026 data, up 247%. Total employees: 14 in October 2021 and 25 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Proficio Capital Partners LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (143); pooled investment vehicles (other than investment companies and business development companies) (9); other investment advisers (6)."
    },
    {
      "q": "Which custodians does Proficio Capital Partners LLC use?",
      "a": "Proficio Capital Partners LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Proficio Capital Partners LLC 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/269931"
    },
    {
      "q": "Does Proficio Capital Partners LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"Proficio has a minimum initial investment from clients of $20,000,000, although Proficio may accept lesser amounts in its sole discretion.\""
    },
    {
      "q": "What changed in Proficio Capital Partners LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Regulatory assets under management went from $5,266,070,265 to $8,173,568,643 (+55%). Registered or notice-filed in ID, LA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2354637089.0,
      "total_employees": 14,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2856308685.0,
      "total_employees": 16,
      "filing_date": "2022-05-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3310160575.0,
      "total_employees": 16,
      "filing_date": "2023-09-05"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2974544510.0,
      "total_employees": 18,
      "filing_date": "2024-04-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3977503248.0,
      "total_employees": 21,
      "filing_date": "2025-06-11"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 8173568643.0,
      "total_employees": 25,
      "filing_date": "2026-09-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Regulatory assets under management went from $5,266,070,265 to $8,173,568,643 (+55%).",
        "Registered or notice-filed in ID, LA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 10 to 11.",
        "Regulatory assets under management went from $3,977,503,248 to $5,266,070,265 (+32%).",
        "Registered or notice-filed in WA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$20,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: up to $1,500,000 a year (additional services required, the amount of assets under management or in…)",
      "Flat fee: up to $500,000 a year (advice on unmanaged assets)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $20,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Proficio has a minimum initial investment from clients of $20,000,000, although Proficio may accept lesser amounts in its sole discretion."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: up to $1,500,000 a year (additional services required, the amount of assets under management or in…)"
        ],
        "quotes": [
          "clients are charged a fixed annual fee of up to $1,500,000 depending on additional services required, the amount of assets under management or in lieu of a percentage"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: up to $500,000 a year (advice on unmanaged assets)"
        ],
        "quotes": [
          "Proficio provides advice on unmanaged assets in exchange for a fixed oversight fee that can be as high as $500,000 per year depending on the amounts involved and other services provided."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 20000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": null,
          "max": 1500000.0,
          "period": "annual",
          "service": "additional services required, the amount of assets under management or in lieu of a percentage of the client’s assets"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": null,
          "max": 500000.0,
          "period": "annual",
          "service": "advice on unmanaged assets"
        }
      ]
    },
    "quotes": [
      "Proficio has a minimum initial investment from clients of $20,000,000, although Proficio may accept lesser amounts in its sole discretion.",
      "clients are charged a fixed annual fee of up to $1,500,000 depending on additional services required, the amount of assets under management or in lieu of a percentage",
      "Proficio provides advice on unmanaged assets in exchange for a fixed oversight fee that can be as high as $500,000 per year depending on the amounts involved and other services provided."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "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/proficio-capital-partners-llc-newton-ma-269931.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 143,
      "fewer_than_5": false,
      "raum": 7177874367.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 95258340.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 338834802.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 6,
      "fewer_than_5": false,
      "raum": 55135515.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 506465619.0
    }
  ],
  "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/269931",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}