# Rail Splitter Capital Advisers, LLC

> Rail Splitter Capital Advisers, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2026, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 338780
- Filed as: RAIL SPLITTER CAPITAL ADVISERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/338780
- AdvisorCensus page: https://advisorcensus.com/firm/rail-splitter-capital-advisers-llc-chicago-il-338780

## Quick answers

**How is Rail Splitter Capital Advisers, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Rail Splitter Capital Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Rail Splitter Capital Advisers, LLC located?**
Rail Splitter Capital Advisers, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Rail Splitter Capital Advisers, LLC registered with the SEC or a state?**
Rail Splitter Capital Advisers, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 338780.

**How much does Rail Splitter Capital Advisers, LLC manage?**
Rail Splitter Capital Advisers, LLC reports $60,956,884 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**What types of clients does Rail Splitter Capital Advisers, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); other (1).

**Which custodians does Rail Splitter Capital Advisers, LLC use?**
Rail Splitter Capital Advisers, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Securities Corporation as a custodian holding 10% or more of its separately managed account assets.

**Does Rail Splitter Capital Advisers, 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/338780

**Does Rail Splitter Capital Advisers, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Investors in the Funds are generally subject to a minimum investment amount of $250,000 but we may waive this minimum."

**What changed in Rail Splitter Capital Advisers, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $72,134,505 to $60,956,884 (-15%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> Investors in the Funds are generally subject to a minimum investment amount of $250,000 but we may waive this minimum.

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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon Securities Corporation

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: $60,956,884
- Discretionary: $60,956,884
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $21,873,156 |
| Other | 1 | $39,083,728 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2026 (0 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $72,134,505 to $60,956,884 (-15%).

### February 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Rail Splitter Capital Advisers, LLC (CRD 338780): Form ADV filing data as of October 2026.