# Swan Capital

> Swan Capital is an SEC-registered investment advisory firm, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 10, 2026.

- CRD: 305793
- Filed as: SWAN CAPITAL
- Legal name: Swan Capital, LLC
- Also doing business as: CYGNET FUND 2024, LP, CYGNET FUND LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: September 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305793
- AdvisorCensus page: https://advisorcensus.com/firm/swan-capital-305793

## Quick answers

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

**How much does Swan Capital charge?**
Its Form ADV Part 2A brochure dated June 9, 2026 states: Hourly rate: $250 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is Swan Capital registered with the SEC or a state?**
Swan Capital is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 305793.

**How much does Swan Capital manage?**
Swan Capital reports $351,424,782 in regulatory assets under management in its Form ADV filing dated September 10, 2026 (100% discretionary).

**How have Swan Capital's assets and staff changed since 2023?**
In the Form ADV data for Swan Capital: Regulatory assets under management: $102,412,391 in the October 2023 data and $351,424,782 in the October 2026 data, up 243%. Total employees: 14 in October 2023 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Swan Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (593); high net worth individuals (74); pooled investment vehicles (other than investment companies and business development companies) (4).

**Which custodians does Swan Capital use?**
Swan Capital'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 Swan Capital 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/305793

**What changed in Swan Capital's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 6. Regulatory assets under management went from $268,895,818 to $351,424,782 (+31%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated June 9, 2026)

- Hourly rate: $250 an hour (financial planning services)

> Swan Capital charges $250 per hour for financial planning services. Please refer to the Consulting Agreement for the fee you will pay for the services to be provided.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### 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: $351,424,782
- Discretionary: $351,424,782
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 593 | $126,436,870 |
| High net worth individuals | 74 | $194,187,726 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $30,800,186 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Educational seminars/workshops

### Firm details
- Registered since: 2023 (3 years)
- Employees: 21 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, CO, FL, GA, LA, NC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Daphne, AL

### Websites listed on Form ADV (Item 1.I)
- swan-capital.com
- Facebook @SWANCap
- Instagram @swancapital
- LinkedIn @andrewsmcnair
- Pinterest @swancapital
- X @swancapital
- YouTube @SWANSleepWellAtNight

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $102,412,391 | 14 | September 27, 2023 |
| October 2024 | $190,671,290 | 13 | June 24, 2024 |
| October 2025 | $268,895,818 | 21 | March 28, 2025 |
| October 2026 | $351,424,782 | 21 | September 10, 2026 |

Regulatory assets under management: $102,412,391 in the October 2023 data and $351,424,782 in the October 2026 data, up 243%.
Total employees: 14 in October 2023 and 21 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 6.
- Regulatory assets under management went from $268,895,818 to $351,424,782 (+31%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Swan Capital (CRD 305793): Form ADV filing data as of October 2026.