Bourgeon Capital Management provides financial planning, portfolio management for individuals and small businesses, estate planning, philanthropic planning, and retirement plan services. Financial planning was provided to 101–250 clients last fiscal year.
Bourgeon Capital Management reports 315 clients. They include 187 high-net-worth individuals, 99 individual clients, and 21 pension and profit-sharing plans. Of its assets, 96.1% ($1.23B across 294 accounts) are managed with discretion; $50.2M across 21 accounts are not. Of its clients, 3% are outside the U.S. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 31% | 3% |
| High-net-worth individuals | 59% | 91% |
| Pension and profit-sharing plans | 7% | 4% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 99 | $36.9M | 2.9% | $373K |
| High-net-worth individuals | 187 | $1.16B | 91.1% | $6.23M |
| Pension and profit-sharing plans | 21 | $50.2M | 3.9% | $2.39M |
| Charitable organizations | Fewer than 5 | $5.6M | 0.4% | $1.87M |
| Corporations and other businesses | 5 | $20.7M | 1.6% | $4.14M |
| Total | 315 | $1.28B | 100% | — |
- Clients
- 99
- Regulatory AUM
- $36.9M
- AUM share
- 2.9%
- Avg. per client
- $373K
- Clients
- 187
- Regulatory AUM
- $1.16B
- AUM share
- 91.1%
- Avg. per client
- $6.23M
- Clients
- 21
- Regulatory AUM
- $50.2M
- AUM share
- 3.9%
- Avg. per client
- $2.39M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.6M
- AUM share
- 0.4%
- Avg. per client
- $1.87M
- Clients
- 5
- Regulatory AUM
- $20.7M
- AUM share
- 1.6%
- Avg. per client
- $4.14M
Total
- Clients
- 315
- Regulatory AUM
- $1.28B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 3%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Bourgeon Capital Management charges 0.50%–1.00% a year for its Managed Accounts. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$2M | 0.90% |
| $2M–$5M | 0.70% |
| $5M–$10M | 0.60% |
| $10M and above | 0.50% |
Fee details and sources
Other fees
- Financial Planning
- Initial financial plan costs $7,000, credited against future management fees if a managed account is opened; the initial one-hour consultation is free.
- Non-Discretionary Advisory Services
- Non-discretionary investment advisory services are typically charged at 0.3% per year of the account value (AMV).
- Retirement-Plan Advice
- 0.3% per year of retirement plan assets (AMV) up to $5 million; above $5 million the fee is negotiated. Billed quarterly in advance.
John Zaro owns 50% to 75% of Bourgeon Capital Management. The leadership team of Bourgeon Capital Management includes Chief Compliance Officer John Zaro. It has 7 employees, 3 of them in advisory roles.
Leadership
- John ZaroManaging Member & Chief Compliance Officer
- John MallozziMember
- Laura PollackMember
- Reilyn ZaroMember
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Richard Estep Hall
- John Spencer Mallozzi
- John Aniblo Zaro III
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Bourgeon Capital Management LLC
John Zaro
Control person · since February 1999
- Owns 10% to 25% of Bourgeon Capital Management LLC
Peter Stalker III Revocable Trust
Control person · since June 1999
- Owns 75% or more of Peter Stalker III Revocable Trust
Peter Stalker
Control person · since March 2007
Bourgeon Capital Management’s regulatory assets grew 1.8× from $700M (March 2021) to $1.28B (July 2026); clients rose from 230 to 315 and employees from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $1.28B | 315 | 7 | 1 |
| July 2025 | $918M | 317 | 8 | 1 |
| March 2024 | $783M | 307 | 6 | 1 |
| March 2023 | $760M | 283 | 6 | 1 |
| May 2022 | $819M | 285 | 6 | 1 |
| March 2021 | $700M | 230 | 6 | 1 |
Besides its headquarters, Bourgeon Capital Management has 0 offices, with 1 listed address in Connecticut.
Connecticut · 1 listed address
- 320 Post Road, Suite 220, DarienHQ
Contact and registration details
- Legal name
- Bourgeon Capital Management LLC
- Headquarters
- 320 Post Road, Suite 220, Darien, CT 06820
- Website
- bourgeoncapital.com
- Phone
- 203-280-1170
- SEC file
- 801-56289
- Founded
- 1999
- Structure
- Delaware LLC
- Fiscal year end
- December
Bourgeon Capital Management uses Charles Schwab ($63M) as custodian for its separately managed accounts. Bourgeon Capital Management has custody of $100K in client assets for 2 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $63M100%
At year end, Bourgeon Capital Management’s separately managed accounts were mostly in stocks (52%) and bonds (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $679M across 104 positions; the largest are Alphabet Inc. (5.3%), Eli Lilly & CO (4.3%) and JPMORGAN Chase & CO (4.3%).
What the accounts hold
- Stocks52%
- Funds6%
- Bonds24%
- U.S. government and agency bonds9%
- State and local bonds8%
- Investment grade corporate bonds7%
- Cash17%
- Other1%
- Private equity investments1%
Reported 13F holdings
- $679M
- Reported 13F value
- 104
- Positions
- 35.8%
- In the 10 largest
- +17.5%
- Value vs. prior quarter
- Alphabet Inc. · Cap Stk CL A5.3%
- Eli Lilly & CO4.3%
- JPMORGAN Chase & CO4.3%
- Marvell Technology Inc.3.6%
- Hubbell Inc.3.3%
- Merck & CO Inc.3.1%
- Ecolab Inc.3.1%
- Eaton Corp. PLC3.0%
- Okta Inc. · CL A3.0%
- Microsoft Corp.2.7%
Together, the ten largest are 35.8% of reported value.
How many clients does Bourgeon Capital Management have?
Bourgeon Capital Management has 315 clients and manages $1.28 billion for them, as of July 2026. They include 187 high-net-worth individuals, 99 individual clients, and 21 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 July 2026
What services does Bourgeon Capital Management offer?
Bourgeon Capital Management provides financial planning, portfolio management for individuals and small businesses, estate planning, philanthropic planning, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Bourgeon Capital Management charge?
Bourgeon Capital Management charges 0.50%–1.00% a year for its Managed Accounts. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.
Which custodians does Bourgeon Capital Management use?
Bourgeon Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $63M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 July 2026
How many financial advisors does Bourgeon Capital Management have?
Bourgeon Capital Management has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 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 Bourgeon Capital Management invest in?
At the end of its last fiscal year, Bourgeon Capital Management’s separately managed accounts held 52% exchange-traded equities, 17% cash and equivalents, 9% U.S. government and agency bonds, 8% state and local bonds, 7% investment grade corporate bonds, 6% registered funds (mutual funds, ETFs, BDCs) and 1% other. The 1% other category is described as: Private Equity Investments.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Bourgeon Capital Management have a minimum investment?
Yes, Bourgeon Capital Management’s minimum account size for its Managed Accounts is $1M.
Who owns Bourgeon Capital Management?
Bourgeon Capital Management is owned through a trust by Peter Stalker. Its direct owners are John Zaro (50% to 75%) and Peter Stalker III Revocable Trust (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 July 2026
How does Bourgeon Capital Management get paid?
Bourgeon Capital Management is paid through a percentage of assets under management and fixed fees. 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 Bourgeon Capital Management registered with the SEC?
Yes, Bourgeon Capital Management has been registered with the SEC as an investment adviser since 23 February 1999. Its CRD number is 108054 and its SEC file number is 801-56289.
Source: Form ADV Part 1A, Item 1, filed 16 July 2026; IAPD firm record
How do I contact Bourgeon Capital Management?
Bourgeon Capital Management’s main office is at 320 Post Road, Suite 220, Darien, CT 06820. Its phone number is 203-280-1170. Its website is bourgeoncapital.com.