# Scarborough Capital Management

> Scarborough Capital Management is an SEC-registered investment advisory firm in Annapolis, MD, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 169517
- Filed as: SCARBOROUGH CAPITAL MANAGEMENT
- Legal name: Scarborough Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Annapolis, MD
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169517
- AdvisorCensus page: https://advisorcensus.com/firm/scarborough-capital-management-annapolis-md-169517

## Quick answers

**How is Scarborough Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Scarborough Capital Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Scarborough Capital Management located?**
Scarborough Capital Management's principal office is in Annapolis, MD, according to its Form ADV.

**Is Scarborough Capital Management registered with the SEC or a state?**
Scarborough Capital Management is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 169517.

**How much does Scarborough Capital Management manage?**
Scarborough Capital Management reports $1,643,400,502 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Scarborough Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Scarborough Capital Management: Regulatory assets under management: $927,750,686 in the October 2021 data and $1,643,400,502 in the October 2026 data, up 77%. Total employees: 18 in October 2021 and 23 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Scarborough Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,932); high net worth individuals (732).

**Which custodians does Scarborough Capital Management use?**
Scarborough Capital Management'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.

**Does Scarborough Capital Management 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/169517

**What changed in Scarborough Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,399,926,152 to $1,643,400,502 (+17%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- 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: $1,643,400,502
- Discretionary: $1,643,400,502
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,932 | $445,733,807 |
| High net worth individuals | 732 | $1,197,666,695 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2013 (12 years)
- Employees: 23 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- 401kadvice.com
- scmadvice.com
- Facebook @scmadvice
- LinkedIn @scmadvice
- YouTube @UChSaPOLtL2409QtuHejPnUw

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $927,750,686 | 18 | March 24, 2021 |
| October 2022 | $1,085,472,291 | 19 | August 23, 2022 |
| October 2023 | $987,098,118 | 19 | April 10, 2023 |
| October 2024 | $1,194,324,647 | 19 | September 9, 2024 |
| October 2025 | $1,399,926,152 | 23 | April 1, 2025 |
| October 2026 | $1,643,400,502 | 23 | March 26, 2026 |

Regulatory assets under management: $927,750,686 in the October 2021 data and $1,643,400,502 in the October 2026 data, up 77%.
Total employees: 18 in October 2021 and 23 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,399,926,152 to $1,643,400,502 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Scarborough Capital Management (CRD 169517): Form ADV filing data as of October 2026.