# Shell Capital Management, LLC

> Shell Capital Management, LLC is a state-registered investment advisory firm in Knoxville, TN, registered since 2012, reporting under $25 million in regulatory assets under management in its Form ADV filing dated May 12, 2026.

- CRD: 136509
- Filed as: SHELL CAPITAL MANAGEMENT, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Knoxville, TN
- Filing period: October 2026
- Form ADV filing dated: May 12, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/136509
- AdvisorCensus page: https://advisorcensus.com/firm/shell-capital-management-llc-knoxville-tn-136509

## Quick answers

**How is Shell Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Shell Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Shell Capital Management, LLC located?**
Shell Capital Management, LLC's principal office is in Knoxville, TN, according to its Form ADV.

**Is Shell Capital Management, LLC registered with the SEC or a state?**
Shell Capital Management, LLC is a state-registered investment advisory firm, registered since 2012. Status as filed: APPROVED. CRD 136509.

**How much does Shell Capital Management, LLC manage?**
Shell Capital Management, LLC reports $23,050,150 in regulatory assets under management in its Form ADV filing dated May 12, 2026 (100% discretionary).

**What types of clients does Shell Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (18).

**Does Shell Capital Management, LLC report any disciplinary disclosures?**
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/136509

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $23,050,150
- Discretionary: $23,050,150
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 18 | $20,050,150 |
| Other investment advisers | Fewer than 5 | $3,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2012 (14 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- asymmetryobservations.com
- shell-capital.com
- Facebook @SHELLCAPITALMANAGEMENT
- LinkedIn @SHELL-CAPITAL-MANAGEMENT-LLC
- LinkedIn @CHRISTISHELL
- LinkedIn @SHELLCAPITAL
- X @MIKEWSHELL
- X @SHELLCAPITAL
- X @SHELLCHRISTI

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shell Capital Management, LLC (CRD 136509): Form ADV filing data as of October 2026.