AdvisorCensus / Financial advisors / Georgia / Atlanta / Source Capital, LLC
Source Capital, LLC is an SEC-registered investment advisory firm in Atlanta, GA, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.
Quick answers
From the filingHow is Source Capital, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Source Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Source Capital, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Source Capital, LLC located?
Source Capital, LLC's principal office is in Atlanta, GA, according to its Form ADV.
Is Source Capital, LLC registered with the SEC or a state?
Source Capital, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 325758.
How much does Source Capital, LLC manage?
Source Capital, LLC reports $475,414,458 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).
How have Source Capital, LLC's assets and staff changed since 2023?
In the Form ADV data for Source Capital, LLC: Regulatory assets under management: $285,089,610 in the October 2024 data and $475,414,458 in the October 2026 data, up 67%. Total employees: 14 in October 2024 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Source Capital, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19).
Does Source 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/325758
What changed in Source Capital, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 14 to 15.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 2% of assets a year
The brochure's wording
Currently, management fees equal to 2% per annum of the total capital commitments made by limited partners during the Fund’s investment period are paid by Source Capital Credit Opportunities Fund III, LP.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$475,414,458 as of October 2026, filing dated March 31, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2024 (2 years)
- Employees
- Total: 18. Performing investment advisory functions: 15.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $475,414,458 | 18 | March 31, 2026 |
| October 2025 | $436,152,780 | 17 | April 1, 2025 |
| October 2024 | $285,089,610 | 14 | June 27, 2024 |
| October 2023 | Not reported | Not reported | March 31, 2023 |
Regulatory assets under management: $285,089,610 in the October 2024 data and $475,414,458 in the October 2026 data, up 67%.
Total employees: 14 in October 2024 and 18 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 14 to 15.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Source Capital, LLC (CRD 325758): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/source-capital-llc-atlanta-ga-325758