Bellingham Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles.
Bellingham Capital Management reports 252 clients. They include 218 individual clients, 25 high-net-worth individuals, and 6 corporations and other businesses. Of its assets, 98.3% ($147M across 591 accounts) are managed with discretion; $2.57M across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 52% |
| High-net-worth individuals | 10% | 46% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 218 | $77.6M | 52.0% | $356K |
| High-net-worth individuals | 25 | $68.5M | 45.9% | $2.74M |
| Pension and profit-sharing plans | Fewer than 5 | $1.37M | 0.9% | $685K |
| Charitable organizations | Fewer than 5 | $365K | 0.2% | $365K |
| Corporations and other businesses | 6 | $1.37M | 0.9% | $229K |
| Total | 252 | $149M | 100% | — |
- Clients
- 218
- Regulatory AUM
- $77.6M
- AUM share
- 52.0%
- Avg. per client
- $356K
- Clients
- 25
- Regulatory AUM
- $68.5M
- AUM share
- 45.9%
- Avg. per client
- $2.74M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.37M
- AUM share
- 0.9%
- Avg. per client
- $685K
- Clients
- Fewer than 5
- Regulatory AUM
- $365K
- AUM share
- 0.2%
- Avg. per client
- $365K
- Clients
- 6
- Regulatory AUM
- $1.37M
- AUM share
- 0.9%
- Avg. per client
- $229K
Total
- Clients
- 252
- Regulatory AUM
- $149M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Bellingham Capital Management charges 0.75%–1.50% a year for its Discretionary Investment Advisory Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$100K | 1.50% |
| $100K–$250K | 1.25% |
| $250K–$1M | 1.00% |
| $1M and above | 0.75% |
Fee details and sources
Other fees
- 401(k) Plan Services
- Plan fees are set by the plan's service requirements and may include a one-time setup fee, administration and management fees, participant fees of up to 1.5% of account balances annualized, or $275 per hour.
- Financial Planning and Consulting
- Financial planning and consulting are billed hourly at $275 per hour in quarter-hour increments; fees may be negotiable.
Brian Smith owns 25% to 50% of Bellingham Capital Management. The leadership team of Bellingham Capital Management includes President Eric Petersen and Chief Compliance Officer Brian Smith. It has 5 employees, 4 of them in advisory roles.
Leadership
- Eric PetersenVice President & Treasurer
- Brian SmithPresident & Chief Compliance Officer
- Kerri RussSecretary
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 4 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Bellingham Capital Management, Inc.
Brian Smith
Control person · since September 2009
- Owns 25% to 50% of Bellingham Capital Management, Inc.
Kerri Russ
Control person · since July 2016
- Owns 25% to 50% of Bellingham Capital Management, Inc.
Eric Petersen
Control person · since July 2016
Bellingham Capital Management’s regulatory assets grew from $115M (January 2022) to $149M (August 2026); clients were 252 in both filings and employees rose from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $149M | 252 | 5 | 2 |
| March 2025 | $142M | 242 | 5 | 2 |
| June 2024 | $126M | 230 | 4 | 3 |
| March 2023 | $109M | 239 | 4 | 3 |
| January 2022 | $115M | 254 | 4 | 3 |
Besides its headquarters, Bellingham Capital Management has 1 office, with 2 listed addresses in Washington.
Washington · 2 listed addresses
- 316 E McLeod RD, Suite 105, BellinghamHQ
- 619 Commercial Avenue, Anacortes
Other business names
Bellingham Capital Management has reported 1 other business name to the SEC.
- Bellingham Capital Management
Contact and registration details
- Legal name
- Bellingham Capital Management, Inc.
- Headquarters
- 316 E McLeod RD, Suite 105, Bellingham, WA 98226
- Website
- bellinghamcapital.com
- Phone
- 360-685-4240
- SEC file
- 801-123303
- Structure
- Washington corporation
- Fiscal year end
- December
Bellingham Capital Management uses Charles Schwab ($148M) as custodian for its separately managed accounts. Bellingham Capital Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $148M100%
At year end, Bellingham Capital Management’s separately managed accounts were mostly in stocks (52%) and funds (35%).
What the accounts hold
- Stocks52%
- Funds35%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash10%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Bellingham Capital Management have?
Bellingham Capital Management has 252 clients and manages $149 million for them, as of August 2026. They include 218 individual clients, 25 high-net-worth individuals, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 August 2026
What services does Bellingham Capital Management offer?
Bellingham Capital Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Bellingham Capital Management charge?
Bellingham Capital Management charges 0.75%–1.50% a year for its Discretionary Investment Advisory Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: 2A BROCHURE, filed 20 March 2026
Which custodians does Bellingham Capital Management use?
Bellingham Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $148M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 August 2026
How many financial advisors does Bellingham Capital Management have?
Bellingham Capital Management has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 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 Bellingham Capital Management invest in?
At the end of its last fiscal year, Bellingham Capital Management’s separately managed accounts held 52% exchange-traded equities, 35% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bellingham Capital Management?
Bellingham Capital Management’s direct owners are Brian Smith, Kerri Russ and Eric Petersen, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 18 August 2026
How does Bellingham Capital Management get paid?
Bellingham Capital Management is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Bellingham Capital Management registered with the SEC?
Yes, Bellingham Capital Management has been registered with the SEC as an investment adviser since 24 February 2022. Its CRD number is 151684 and its SEC file number is 801-123303.
Source: Form ADV Part 1A, Item 1, filed 18 August 2026; IAPD firm record
How do I contact Bellingham Capital Management?
Bellingham Capital Management’s main office is at 316 E McLeod RD, Suite 105, Bellingham, WA 98226. Its phone number is 360-685-4240. Its website is bellinghamcapital.com.