# Tone Capital, LLC

> Tone Capital, LLC is an SEC-registered investment advisory firm in Richmond, VA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 285622
- Filed as: TONE CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Richmond, VA
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/285622
- AdvisorCensus page: https://advisorcensus.com/firm/tone-capital-llc-richmond-va-285622

## Quick answers

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

**How much does Tone Capital, LLC charge?**
Its Form ADV Part 2A brochure dated March 16, 2026 states: Hourly rate: $100 to $250 an hour; Flat fee: $500 to $5,000 (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Tone Capital, LLC located?**
Tone Capital, LLC's principal office is in Richmond, VA, according to its Form ADV.

**Is Tone Capital, LLC registered with the SEC or a state?**
Tone Capital, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 285622.

**How much does Tone Capital, LLC manage?**
Tone Capital, LLC reports $118,265,800 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (97% discretionary).

**How have Tone Capital, LLC's assets and staff changed since 2025?**
In the Form ADV data for Tone Capital, LLC: Regulatory assets under management: $103,231,000 in the October 2025 data and $118,265,800 in the October 2026 data, up 15%. Total employees: 4 in October 2025 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tone Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (99); individuals (other than high net worth individuals) (65); charitable organizations (2).

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

**Does Tone 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/285622

**Does Tone Capital, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 16, 2026 says: "There is no account minimum for any of Tone Capital’s services."

**What changed in Tone Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $103,231,000 to $118,265,800 (+15%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 16, 2026)

- Account minimum: None

> There is no account minimum for any of Tone Capital’s services.

- Hourly rate: $100 to $250 an hour

> Hourly fees range from $100 per hour to $250 per hour, and flat fee engagements will range from $500 to $5,000, depending on the complexity of the financial planning services.

- Flat fee: $500 to $5,000 (financial planning services)

> Hourly fees range from $100 per hour to $250 per hour, and flat fee engagements will range from $500 to $5,000, depending on the complexity of the financial planning services.

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

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC

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: $118,265,800
- Discretionary: $115,049,600
- Non-discretionary: $3,216,200

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 65 | $8,200,100 |
| High net worth individuals | 99 | $108,441,700 |
| Charitable organizations | 2 | $1,624,000 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tonecapital.com
- Facebook @TONE-CAPITAL-LLC
- Instagram @TONECAPITAL
- LinkedIn @tonecapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $103,231,000 | 4 | April 10, 2025 |
| October 2026 | $118,265,800 | 4 | March 16, 2026 |

Regulatory assets under management: $103,231,000 in the October 2025 data and $118,265,800 in the October 2026 data, up 15%.
Total employees: 4 in October 2025 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $103,231,000 to $118,265,800 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tone Capital, LLC (CRD 285622): Form ADV filing data as of October 2026.