{"url":"https://nivawealth.com/firms/carmel-capital-management-120675","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/120675","regulatoryAum":391993000,"crd":"120675","history":[{"filedOn":"2021-03-28","regulatoryAum":178200000,"clients":92,"employees":6,"offices":1},{"filedOn":"2022-06-29","regulatoryAum":244900000,"clients":90,"employees":6,"offices":1},{"filedOn":"2023-03-07","regulatoryAum":195000000,"clients":90,"employees":6,"offices":1},{"filedOn":"2024-02-21","regulatoryAum":246300000,"clients":93,"employees":6,"offices":1},{"filedOn":"2025-01-27","regulatoryAum":310734000,"clients":96,"employees":6,"offices":1},{"filedOn":"2026-02-27","regulatoryAum":391993000,"clients":102,"employees":6,"offices":1}],"secFileNumber":"801-61225","legalName":"Carmel Capital Management L.L.C.","displayName":"Carmel Capital Management","slug":"carmel-capital-management-120675","website":"https://carmelcapital.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/120675/e676bc11dccd1c51-r1.webp","tone":"light","width":661,"height":200,"sourceUrl":"https://carmelcapital.com/","sourceLabel":"Carmel Capital Management L.l.c., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"1999","organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"26350 Carmel Rancho Lane, Suite 225","city":"Carmel","state":"CA","stateName":"California","country":"United States","postalCode":"93923-8734"},"tradeNames":[],"registration":{"secApproved":"3 June 2002","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":6,"advisory":6,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":391993000,"discretionary":391993000,"discretionaryAccounts":109,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":null,"fewerThan5":true,"regulatoryAum":298000},{"label":"High-net-worth individuals","clients":102,"regulatoryAum":380793000},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":10639000},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":263000}],"feePrograms":[{"role":"main","program":"Annual advisory fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012843","versionId":1012843,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-27","documentName":"CARMEL CAPITAL MANAGEMENT L.L.C. 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FORM ADV PART 2A - FEBRUARY 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012843","versionId":1012843,"submittedOn":"2026-02-27"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":391993000}],"custodyNote":"Carmel Capital Management has custody of $18.1M in client assets for 3 clients.","leadership":[{"name":"West Whittaker","title":"Principal and Chief Compliance Officer","crd":"1228217"}],"ownership":[{"label":"West Whittaker","detail":"Principal and chief compliance officer in the 75% or more ownership band and a control person, since October 1999."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"26350 Carmel Rancho Lane, Suite 225","city":"Carmel","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"831-625-1375","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":89},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":0},"sources":{"adv1FilingDate":"27 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/120675/PDF/120675.pdf","brochureDate":"27 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012843","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Carmel Capital Management have?","answer":"Carmel Capital Management has 102 clients and manages $392 million for them, as of February 2026. They include 102 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Carmel Capital Management offer?","answer":"Carmel Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Carmel Capital Management charge?","answer":"Carmel Capital Management charges 1.00% a year for its Annual advisory fee. The fee is billed in advance.","source":"CARMEL CAPITAL MANAGEMENT L.L.C. FORM ADV PART 2A - FEBRUARY 2026, filed 27 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Carmel Capital Management use?","answer":"Carmel Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $392M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Carmel Capital Management have?","answer":"Carmel Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Carmel Capital Management invest in?","answer":"At the end of its last fiscal year, Carmel Capital Management’s separately managed accounts held 89% exchange-traded equities, 7% cash and equivalents, 2% U.S. government and agency bonds, 1% state and local bonds and 1% registered funds (mutual funds, ETFs, BDCs).","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Carmel Capital Management?","answer":"Carmel Capital Management’s direct owner is West Whittaker (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Carmel Capital Management get paid?","answer":"Carmel Capital Management is paid through a percentage of assets under management and other compensation. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Carmel Capital Management registered with the SEC?","answer":"Yes, Carmel Capital Management has been registered with the SEC as an investment adviser since 3 June 2002. Its CRD number is 120675 and its SEC file number is 801-61225.","source":"Form ADV Part 1A, Item 1, filed 27 February 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Carmel Capital Management?","answer":"Carmel Capital Management’s main office is at 26350 Carmel Rancho Lane, Suite 225, Carmel, CA 93923-8734. Its phone number is 831-625-1375. Its website is carmelcapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 27 February 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/carmel-capital-management-120675/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-23","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1878547/000175496026000626/0001754960-26-000626-index.html","totalValue":456372109,"positionCount":28,"top10Share":0.6721599369255057,"top10":[{"issuer":"APPLIED MATLS INC","titleOfClass":"COM","cusip":"038222105","value":57303534,"shares":79258,"shareType":"SH","priorValue":30367358,"priorShares":88848},{"issuer":"BROADCOM INC","titleOfClass":"COM","cusip":"11135F101","value":53402140,"shares":141369,"shareType":"SH","priorValue":43800308,"priorShares":141515},{"issuer":"VISTRA 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}