Ashford Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and publishing newsletters. The firm advises 4 private funds.
Ashford Capital Management reports 92 clients. They include 51 high-net-worth individuals, 28 charitable organizations and 7 individual clients. Of its assets, 100.0% ($966M across 95 accounts) are managed with discretion. Of its clients, 3% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 8% | <1% |
| High-net-worth individuals | 55% | 29% |
| Pooled investment vehicles | 7% | 27% |
| Pension and profit-sharing plans | Fewer than 5 | 6% |
| Charitable organizations | 30% | 37% |
| Other client typesCorporations and other businesses | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 7 | $5.53M | 0.6% | $790K |
| High-net-worth individuals | 51 | $276M | 28.6% | $5.41M |
| Pooled investment vehicles | 6 | $265M | 27.5% | $44.2M |
| Pension and profit-sharing plans | Fewer than 5 | $58.6M | 6.1% | — |
| Charitable organizations | 28 | $359M | 37.2% | $12.8M |
| Corporations and other businesses | Fewer than 5 | $1.15M | 0.1% | — |
| Total | 92 | $966M | 100% | — |
- Clients
- 7
- Regulatory AUM
- $5.53M
- AUM share
- 0.6%
- Avg. per client
- $790K
- Clients
- 51
- Regulatory AUM
- $276M
- AUM share
- 28.6%
- Avg. per client
- $5.41M
- Clients
- 6
- Regulatory AUM
- $265M
- AUM share
- 27.5%
- Avg. per client
- $44.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $58.6M
- AUM share
- 6.1%
- Avg. per client
- —
- Clients
- 28
- Regulatory AUM
- $359M
- AUM share
- 37.2%
- Avg. per client
- $12.8M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.15M
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 92
- Regulatory AUM
- $966M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 3%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 4
Ashford Capital Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Theodore Ashford owns 75% or more of Ashford Capital Management. Theodore Ashford is CEO; the leadership team includes President Louise Horan, Chief Financial Officer Anthony Petrucci and Chief Compliance Officer Alexander Patseliev. It has 14 employees, 8 of them in advisory roles.
Staff
- 14 employees
- 8 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Ashford Capital Management Inc
Theodore Ashford
Control person · since January 2018
Ashford Capital Management’s regulatory assets went from $959M (December 2020) to $966M (July 2026); clients fell from 97 to 92 and employees rose from 13 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $966M | 92 | 14 | 1 |
| Dec 2024December 2024 | $895M | 95 | 15 | 1 |
| Dec 2023December 2023 | $792M | 96 | 15 | 1 |
| Dec 2022December 2022 | $809M | 105 | 21 | 1 |
| Nov 2021November 2021 | $1.23B | 107 | 15 | 1 |
| Dec 2020December 2020 | $959M | 97 | 13 | 1 |
Besides its headquarters, Ashford Capital Management has 0 offices, with 1 listed address in 1 state.
Delaware · 1 listed address
- One Walkers Mill Road, WilmingtonHQ
Contact and registration details
- Legal name
- Ashford Capital Management Inc
- Headquarters
- One Walkers Mill Road, Wilmington, DE 19807-2317
- Website
- ashfordcapital.com
- Phone
- 302-655-1750
- SEC file
- 801-15054
- Structure
- Delaware corporation
- Fiscal year end
- September
Ashford Capital Management’s named custodians for separately managed accounts are Wilmington Trust ($333M, 59%), Fidelity ($140M, 25%) and RBC Capital Markets ($95M, 17%). Ashford Capital Management has custody of client assets.
- Wilmington TrustWilmington Trust Company · Wilmington, DE · $333M59%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $140M25%
- RBC Capital MarketsRBC Capital Markets, LLC · New York, NY · $95M17%
At year end, Ashford Capital Management’s separately managed accounts were mostly in stocks (92%). Its reported 13F holdings for the quarter ended 30 June 2026 total $933M across 107 positions; the largest are Ligand Pharmaceuticals - CL B (5.8%), Globalstar Inc.. (4.4%) and Red Violet Inc. (3.9%).
What the accounts hold
- Stocks92%
- Cash3%
- Other5%
- Private investments5%
How many clients does Ashford Capital Management have?
Ashford Capital Management has 92 clients and manages $966 million for them, as of July 2026. They include 51 high-net-worth individuals, 28 charitable organizations and 7 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 July 2026
What services does Ashford Capital Management offer?
Ashford Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ashford Capital Management use?
Ashford Capital Management’s separately managed account assets are held at Wilmington Trust Company (Wilmington, DE), with $333M, Fidelity Brokerage Services LLC (Smithfield, RI), with $140M and RBC Capital Markets, LLC (New York, NY), with $95M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 July 2026
How many financial advisors does Ashford Capital Management have?
Ashford Capital Management has 4 investment adviser representatives registered with state securities authorities, out of 14 employees, and 8 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Ashford Capital Management invest in?
At the end of its last fiscal year, Ashford Capital Management’s separately managed accounts held 92% exchange-traded equities, 5% other and 3% cash and equivalents. The 5% other category is described as: Private Investments. It advises 4 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ashford Capital Management?
Ashford Capital Management’s direct owner is Theodore Ashford (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 July 2026
How does Ashford Capital Management get paid?
Ashford Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Ashford Capital Management?
Ashford Capital Management’s main office is at One Walkers Mill Road, Wilmington, DE 19807-2317. Its phone number is 302-655-1750. Its website is ashfordcapital.com.