{
  "crd_number": 125139,
  "slug": "proprietary-capital-llc-denver-co-125139",
  "primary_business_name": "PROPRIETARY CAPITAL, LLC",
  "legal_name": "PROPRIETARY CAPITAL, LLC",
  "dbas": [],
  "city": "Denver",
  "state": "CO",
  "country": "United States",
  "cbsa_code": "19740",
  "metro": {
    "cbsa_code": "19740",
    "common_name": "Denver",
    "msa_name": "Denver-Aurora-Centennial, CO",
    "path": "/advisors/co/denver"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-02-10",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-05-27",
  "carried_forward": false,
  "raum_total": 651828000.0,
  "raum_discretionary": 651828000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 19,
  "advisory_employees": 8,
  "client_count_bucket": null,
  "clients_by_type": {
    "high_net_worth_individuals": {
      "raum": 9625000.0,
      "count": 19
    },
    "pooled_investment_vehicles": {
      "raum": 642203000.0,
      "count": 17
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/PROPRIETARY-CAPITAL",
    "https://prop-cap.com",
    "https://proprietarycapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/125139",
  "city_as_filed": "DENVER",
  "url": "https://advisorcensus.com/firm/proprietary-capital-llc-denver-co-125139",
  "display_name": "Proprietary Capital, LLC",
  "summary": "Proprietary Capital, LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2003, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 27, 2026.",
  "citation": "AdvisorCensus. Proprietary Capital, LLC (CRD 125139): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Proprietary Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Proprietary Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Proprietary Capital, LLC located?",
      "a": "Proprietary Capital, LLC's principal office is in Denver, CO, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Proprietary Capital, LLC registered with the SEC or a state?",
      "a": "Proprietary Capital, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 125139."
    },
    {
      "q": "How much does Proprietary Capital, LLC manage?",
      "a": "Proprietary Capital, LLC reports $651,828,000 in regulatory assets under management in its Form ADV filing dated May 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Proprietary Capital, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Proprietary Capital, LLC: Regulatory assets under management: $2,347,500,000 in the October 2021 data and $651,828,000 in the October 2026 data, down 72%. Total employees: 14 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Proprietary Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (19); pooled investment vehicles (other than investment companies and business development companies) (17)."
    },
    {
      "q": "Which custodians does Proprietary Capital, LLC use?",
      "a": "Proprietary Capital, LLC'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 Proprietary Capital, 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/125139"
    },
    {
      "q": "What changed in Proprietary Capital, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $1,150,706,000 to $651,828,000 (-43%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2347500000.0,
      "total_employees": 14,
      "filing_date": "2021-08-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 13193254000.0,
      "total_employees": 24,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 5234974000.0,
      "total_employees": 23,
      "filing_date": "2023-08-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1927838000.0,
      "total_employees": 21,
      "filing_date": "2024-09-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1150706000.0,
      "total_employees": 20,
      "filing_date": "2025-07-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 651828000.0,
      "total_employees": 19,
      "filing_date": "2026-05-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 7 to 8.",
        "Regulatory assets under management went from $1,150,706,000 to $651,828,000 (-43%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "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/proprietary-capital-llc-denver-co-125139.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 19,
      "fewer_than_5": false,
      "raum": 9625000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 17,
      "fewer_than_5": false,
      "raum": 642203000.0
    }
  ],
  "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/125139",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}