{
  "crd_number": 140971,
  "slug": "san-blas-capital-llc-140971",
  "primary_business_name": "SAN BLAS CAPITAL, LLC",
  "legal_name": "SAN BLAS CAPITAL, LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "state",
  "registration_status": "APPROVED",
  "registration_date": "2006-07-18",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-01-27",
  "carried_forward": false,
  "raum_total": 21876000.0,
  "raum_discretionary": 19356000.0,
  "raum_non_discretionary": 2520000.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 9443000.0,
      "count": 31
    },
    "high_net_worth_individuals": {
      "raum": 12433000.0,
      "count": 6
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL"
  ],
  "websites": [
    "https://sanblascap.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140971",
  "listing_state": "FL",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/san-blas-capital-llc-140971",
  "display_name": "San Blas Capital, LLC",
  "summary": "San Blas Capital, LLC is a state-registered investment advisory firm, registered since 2006, reporting under $25 million in regulatory assets under management in its Form ADV filing dated January 27, 2026.",
  "citation": "AdvisorCensus. San Blas Capital, LLC (CRD 140971): Form ADV filing data as of October 2026.",
  "registration_type_label": "State-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is San Blas Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), San Blas Capital, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Is San Blas Capital, LLC registered with the SEC or a state?",
      "a": "San Blas Capital, LLC is a state-registered investment advisory firm, registered since 2006. Status as filed: APPROVED. CRD 140971."
    },
    {
      "q": "How much does San Blas Capital, LLC manage?",
      "a": "San Blas Capital, LLC reports $21,876,000 in regulatory assets under management in its Form ADV filing dated January 27, 2026 (88% discretionary)."
    },
    {
      "q": "What types of clients does San Blas Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (31); high net worth individuals (6)."
    },
    {
      "q": "Does San Blas 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/140971"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/san-blas-capital-llc-140971.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 31,
      "fewer_than_5": false,
      "raum": 9443000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 6,
      "fewer_than_5": false,
      "raum": 12433000.0
    }
  ],
  "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/140971",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}