# Rahlfs Capital, LLC

> Rahlfs Capital, LLC is an SEC-registered investment advisory firm, registered since 2003, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 11, 2026.

- CRD: 127425
- Filed as: RAHLFS CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/127425
- AdvisorCensus page: https://advisorcensus.com/firm/rahlfs-capital-llc-127425

## Quick answers

**How is Rahlfs Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Rahlfs Capital, LLC reports these compensation arrangements: a percentage of assets under its management.

**Is Rahlfs Capital, LLC registered with the SEC or a state?**
Rahlfs Capital, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 127425.

**How much does Rahlfs Capital, LLC manage?**
Rahlfs Capital, LLC reports $271,552,620 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (87% discretionary).

**How have Rahlfs Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Rahlfs Capital, LLC: Regulatory assets under management: $225,284,414 in the October 2021 data and $271,552,620 in the October 2026 data, up 21%. Total employees: 1 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Rahlfs Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (15).

**Which custodians does Rahlfs Capital, LLC use?**
Rahlfs Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of Texas, N.A. Private Wealth Trust Group and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Rahlfs Capital, LLC 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/127425

**Does Rahlfs Capital, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 11, 2026 says: "The firm is likewise selective as to the families it provides service to, but does not necessarily impose a minimum dollar value of assets or other measurable criteria for establishing an agreement."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 11, 2026)

- Account minimum: None

> The firm is likewise selective as to the families it provides service to, but does not necessarily impose a minimum dollar value of assets or other measurable criteria for establishing an agreement.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Bank of Texas, N.A. Private Wealth Trust Group
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $271,552,620
- Discretionary: $235,714,782
- Non-discretionary: $35,837,838

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $921,625 |
| High net worth individuals | 15 | $151,701,018 |
| Charitable organizations | Fewer than 5 | $562,977 |
| Other investment advisers | Fewer than 5 | $118,367,000 |

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

### Firm details
- Registered since: 2003 (23 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $225,284,414 | 1 | July 8, 2021 |
| October 2022 | $261,633,307 | 1 | February 28, 2022 |
| October 2023 | $236,380,609 | 1 | March 29, 2023 |
| October 2024 | $248,668,300 | 2 | March 15, 2024 |
| October 2025 | $272,289,151 | 2 | March 19, 2025 |
| October 2026 | $271,552,620 | 2 | March 11, 2026 |

Regulatory assets under management: $225,284,414 in the October 2021 data and $271,552,620 in the October 2026 data, up 21%.
Total employees: 1 in October 2021 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Rahlfs Capital, LLC (CRD 127425): Form ADV filing data as of October 2026.