# Tano Capital, LLC

> Tano Capital, LLC is an SEC-registered investment advisory firm in San Mateo, CA, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 160367
- Filed as: TANO CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Mateo, CA
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160367
- AdvisorCensus page: https://advisorcensus.com/firm/tano-capital-llc-san-mateo-ca-160367

## Quick answers

**How is Tano Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Tano Capital, LLC reports these compensation arrangements: other.

**How much does Tano Capital, LLC charge?**
Its Form ADV Part 2A brochure dated March 24, 2026 states: Asset-based fee: 1.5% to 2.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Tano Capital, LLC located?**
Tano Capital, LLC's principal office is in San Mateo, CA, according to its Form ADV.

**Is Tano Capital, LLC registered with the SEC or a state?**
Tano Capital, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160367.

**How much does Tano Capital, LLC manage?**
Tano Capital, LLC reports $138,029,335 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

**How have Tano Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Tano Capital, LLC: Regulatory assets under management: $288,736,967 in the October 2021 data and $138,029,335 in the October 2026 data, down 52%. Total employees: 4 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tano Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1); corporations or other businesses not listed above (1).

**Which custodians does Tano Capital, LLC use?**
Tano Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley as a custodian holding 10% or more of its separately managed account assets.

**Does Tano 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/160367

**What changed in Tano Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $118,143,335 to $138,029,335 (+17%).

## From the Form ADV filing

### Compensation (Item 5.E)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 24, 2026)

- Asset-based fee: 1.5% to 2.5% a year (a range, as the brochure states it)

> Typically, the annual management fee ranges between 1.5% and 2.5% of the assets under management.

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

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley

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: $138,029,335
- Discretionary: $138,029,335
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $30,032,585 |
| Corporations or other businesses not listed above | 1 | $107,996,750 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tanocapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $288,736,967 | 4 | March 31, 2021 |
| October 2022 | $209,261,159 | 3 | May 10, 2022 |
| October 2023 | $143,096,733 | 3 | September 26, 2023 |
| October 2024 | $165,975,852 | 2 | March 29, 2024 |
| October 2025 | $118,143,335 | 1 | March 28, 2025 |
| October 2026 | $138,029,335 | 1 | March 24, 2026 |

Regulatory assets under management: $288,736,967 in the October 2021 data and $138,029,335 in the October 2026 data, down 52%.
Total employees: 4 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $118,143,335 to $138,029,335 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tano Capital, LLC (CRD 160367): Form ADV filing data as of October 2026.