{
  "crd_number": 120545,
  "slug": "westend-capital-management-llc-sausalito-ca-120545",
  "primary_business_name": "WESTEND CAPITAL MANAGEMENT, LLC.",
  "legal_name": "WESTEND CAPITAL MANAGEMENT, LLC.",
  "dbas": [],
  "city": "Sausalito",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2002-05-10",
  "years_registered": 24,
  "period": "2026-10-01",
  "filing_date": "2026-03-18",
  "carried_forward": false,
  "raum_total": 436222715.0,
  "raum_discretionary": 431551953.0,
  "raum_non_discretionary": 4670762.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2100000.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 58750000.0,
      "count": 166
    },
    "pension_profit_sharing": {
      "raum": 6200000.0,
      "count": 4,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 368110000.0,
      "count": 157
    },
    "pooled_investment_vehicles": {
      "raum": 1062715.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 6,
  "states_registered": [
    "CA",
    "FL",
    "LA",
    "NM",
    "NY",
    "TX"
  ],
  "websites": [
    "https://wcmsf.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/120545",
  "disclosure_items": [
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "SAUSALITO",
  "url": "https://advisorcensus.com/firm/westend-capital-management-llc-sausalito-ca-120545",
  "display_name": "Westend Capital Management, LLC.",
  "summary": "Westend Capital Management, LLC. is an SEC-registered investment advisory firm in Sausalito, CA, registered since 2002, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 18, 2026.",
  "citation": "AdvisorCensus. Westend Capital Management, LLC. (CRD 120545): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Westend Capital Management, LLC. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Westend Capital Management, LLC. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Westend Capital Management, LLC. located?",
      "a": "Westend Capital Management, LLC.'s principal office is in Sausalito, CA, according to its Form ADV."
    },
    {
      "q": "Is Westend Capital Management, LLC. registered with the SEC or a state?",
      "a": "Westend Capital Management, LLC. is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120545."
    },
    {
      "q": "How much does Westend Capital Management, LLC. manage?",
      "a": "Westend Capital Management, LLC. reports $436,222,715 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (99% discretionary)."
    },
    {
      "q": "How have Westend Capital Management, LLC.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Westend Capital Management, LLC.: Regulatory assets under management: $158,056,900 in the October 2021 data and $436,222,715 in the October 2026 data, up 176%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Westend Capital Management, LLC. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (166); high net worth individuals (157); pension and profit sharing plans (but not the plan participants or government pension plans) (4)."
    },
    {
      "q": "Which custodians does Westend Capital Management, LLC. use?",
      "a": "Westend Capital Management, LLC.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co and Equity Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Westend Capital Management, LLC. report any disciplinary disclosures?",
      "a": "Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), and 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/120545"
    },
    {
      "q": "What changed in Westend Capital Management, LLC.'s recent Form ADV filings?",
      "a": "In the February 2026 filing data: Employees performing advisory functions went from 2 to 3. Regulatory assets under management went from $348,134,070 to $435,160,000 (+25%). Registered or notice-filed in LA, NM, NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 158056900.0,
      "total_employees": 5,
      "filing_date": "2021-09-13"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 194460663.0,
      "total_employees": 5,
      "filing_date": "2022-04-06"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 174329015.0,
      "total_employees": 5,
      "filing_date": "2023-07-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 232892370.0,
      "total_employees": 4,
      "filing_date": "2024-08-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 348134070.0,
      "total_employees": 4,
      "filing_date": "2025-04-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 436222715.0,
      "total_employees": 5,
      "filing_date": "2026-03-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 2 to 3.",
        "Regulatory assets under management went from $348,134,070 to $435,160,000 (+25%).",
        "Registered or notice-filed in LA, NM, NY."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co",
      "name_as_filed": "CHARLES SCHWAB & CO",
      "affiliated": false
    },
    {
      "name": "Equity Trust Company",
      "name_as_filed": "EQUITY TRUST COMPANY",
      "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/westend-capital-management-llc-sausalito-ca-120545.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 166,
      "fewer_than_5": false,
      "raum": 58750000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 157,
      "fewer_than_5": false,
      "raum": 368110000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 1062715.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 6200000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 2100000.0
    }
  ],
  "disclosure_line": "Reports 6 disclosure items on Form ADV Item 11.",
  "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/120545",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}