{
  "crd_number": 106052,
  "slug": "speece-thorson-capital-group-inc-minnetonka-mn-106052",
  "primary_business_name": "SPEECE THORSON CAPITAL GROUP INC",
  "legal_name": "SPEECE THORSON CAPITAL GROUP INC",
  "dbas": [
    "ST CAPITAL"
  ],
  "city": "Minnetonka",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1992-04-08",
  "years_registered": 34,
  "period": "2026-10-01",
  "filing_date": "2026-03-24",
  "carried_forward": false,
  "raum_total": 469000000.0,
  "raum_discretionary": 469000000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 106000000.0,
      "count": 9
    },
    "individuals": {
      "raum": 13000000.0,
      "count": 3,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 4000000.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 119000000.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 116000000.0,
      "count": 14
    },
    "pooled_investment_vehicles": {
      "raum": 111000000.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MN",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/SPEECE-THORSON-CAPITAL-GROUP-INC-",
    "https://stcapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106052",
  "city_as_filed": "MINNETONKA",
  "url": "https://advisorcensus.com/firm/speece-thorson-capital-group-inc-minnetonka-mn-106052",
  "display_name": "Speece Thorson Capital Group Inc",
  "summary": "Speece Thorson Capital Group Inc is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 1992, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.",
  "citation": "AdvisorCensus. Speece Thorson Capital Group Inc (CRD 106052): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Speece Thorson Capital Group Inc compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Speece Thorson Capital Group Inc reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Speece Thorson Capital Group Inc located?",
      "a": "Speece Thorson Capital Group Inc's principal office is in Minnetonka, MN, according to its Form ADV."
    },
    {
      "q": "Is Speece Thorson Capital Group Inc registered with the SEC or a state?",
      "a": "Speece Thorson Capital Group Inc is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 106052."
    },
    {
      "q": "How much does Speece Thorson Capital Group Inc manage?",
      "a": "Speece Thorson Capital Group Inc reports $469,000,000 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have Speece Thorson Capital Group Inc's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Speece Thorson Capital Group Inc: Regulatory assets under management: $421,000,000 in the October 2021 data and $469,000,000 in the October 2026 data, up 11%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Speece Thorson Capital Group Inc serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (14); charitable organizations (9); individuals (other than high net worth individuals) (3)."
    },
    {
      "q": "Which custodians does Speece Thorson Capital Group Inc use?",
      "a": "Speece Thorson Capital Group Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust Co, Trustmark National Bank and US Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Speece Thorson Capital Group Inc report any disciplinary disclosures?",
      "a": "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/106052"
    },
    {
      "q": "What changed in Speece Thorson Capital Group Inc's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $522,000,000 to $469,000,000 (-10%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 421000000.0,
      "total_employees": 4,
      "filing_date": "2021-05-05"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 501000000.0,
      "total_employees": 4,
      "filing_date": "2022-03-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 502000000.0,
      "total_employees": 4,
      "filing_date": "2023-01-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 504000000.0,
      "total_employees": 4,
      "filing_date": "2024-08-13"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 522000000.0,
      "total_employees": 4,
      "filing_date": "2025-02-05"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 469000000.0,
      "total_employees": 4,
      "filing_date": "2026-03-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $522,000,000 to $469,000,000 (-10%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Northern Trust Co",
      "name_as_filed": "NORTHERN TRUST CO",
      "affiliated": false
    },
    {
      "name": "Trustmark National Bank",
      "name_as_filed": "TRUSTMARK NATIONAL BANK",
      "affiliated": false
    },
    {
      "name": "US Bank",
      "name_as_filed": "US BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/speece-thorson-capital-group-inc-minnetonka-mn-106052.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 3,
      "fewer_than_5": true,
      "raum": 13000000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 14,
      "fewer_than_5": false,
      "raum": 116000000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 111000000.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 119000000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 9,
      "fewer_than_5": false,
      "raum": 106000000.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 4000000.0
    }
  ],
  "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/106052",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}