# Telos Capital Management, Inc.

> Telos Capital Management, Inc. is an SEC-registered investment advisory firm in San Diego, CA, registered since 2009, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 1, 2026.

- CRD: 149108
- Filed as: TELOS CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Diego, CA
- Filing period: October 2026
- Form ADV filing dated: May 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/149108
- AdvisorCensus page: https://advisorcensus.com/firm/telos-capital-management-inc-san-diego-ca-149108

## Quick answers

**How is Telos Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Telos Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; other.

**How much does Telos Capital Management, Inc. charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Hourly rate: $300 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Telos Capital Management, Inc. located?**
Telos Capital Management, Inc.'s principal office is in San Diego, CA, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Telos Capital Management, Inc. registered with the SEC or a state?**
Telos Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 149108.

**How much does Telos Capital Management, Inc. manage?**
Telos Capital Management, Inc. reports $1,625,227,036 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (100% discretionary).

**How have Telos Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Telos Capital Management, Inc.: Regulatory assets under management: $1,017,493,974 in the October 2021 data and $1,625,227,036 in the October 2026 data, up 60%. Total employees: 15 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Telos Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (468); high net worth individuals (456); corporations or other businesses not listed above (15).

**Which custodians does Telos Capital Management, Inc. use?**
Telos Capital Management, Inc.'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 Telos Capital Management, Inc. 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/149108

**Does Telos Capital Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Generally, TCM requires clients to maintain a minimum account size of $250,000. We generally combine family accounts to meet the account size minimum."

**What changed in Telos Capital Management, Inc.'s recent Form ADV filings?**
In the June 2026 filing data: Added an office in Ventura, CA. No longer lists an office in Westlake Village, CA.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $250,000

> Generally, TCM requires clients to maintain a minimum account size of $250,000. We generally combine family accounts to meet the account size minimum.

- Hourly rate: $300 an hour (financial planning services)

> For these clients, we charge a rate of $300 per hour with the total number of hours varying based on the scope and complexity of the services requested.

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: $1,625,227,036
- Discretionary: $1,625,227,036
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 468 | $203,878,935 |
| High net worth individuals | 456 | $1,367,702,051 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $10,701,015 |
| Charitable organizations | 9 | $31,969,366 |
| Corporations or other businesses not listed above | 15 | $10,975,669 |

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

### Firm details
- Registered since: 2009 (17 years)
- Employees: 19 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, HI, ID, MA, MO, NE, NH, NM, NV, OR, TN, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Ventura, CA

### Websites listed on Form ADV (Item 1.I)
- [telosinc.com](https://telosinc.com)
- Facebook facebook.com
- LinkedIn @TELOS-CAPITAL-MANAGEMENT-INC.
- X @TelosSanDiego

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,017,493,974 | 15 | June 1, 2021 |
| October 2022 | $1,197,350,807 | 15 | April 6, 2022 |
| October 2023 | $1,101,816,993 | 17 | May 22, 2023 |
| October 2024 | $1,254,803,384 | 20 | September 12, 2024 |
| October 2025 | $1,415,056,947 | 19 | March 19, 2025 |
| October 2026 | $1,625,227,036 | 19 | May 1, 2026 |

Regulatory assets under management: $1,017,493,974 in the October 2021 data and $1,625,227,036 in the October 2026 data, up 60%.
Total employees: 15 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Added an office in Ventura, CA.
- No longer lists an office in Westlake Village, CA.

### April 2026
- Regulatory assets under management went from $1,415,056,947 to $1,625,227,036 (+15%).

### January 2026
- Registered or notice-filed in MO.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Telos Capital Management, Inc. (CRD 149108): Form ADV filing data as of October 2026.