{"url":"https://nivawealth.com/firms/ciro-capital-329576","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/329576","regulatoryAum":117442000,"crd":"329576","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8267352","suffix":null,"lastName":"Das","firstName":"Nilanjan","middleName":null},{"crd":"6416586","suffix":null,"lastName":"Devarapalli","firstName":"Kiran Kumar","middleName":null},{"crd":"8212148","suffix":null,"lastName":"Pyla","firstName":"VPS Bhavani","middleName":null}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2024-06-21","regulatoryAum":58554170,"clients":49,"employees":1,"offices":1},{"filedOn":"2026-05-07","regulatoryAum":117442000,"clients":88,"employees":2,"offices":1}],"secFileNumber":"801-136298","legalName":"Ciro Capital LLC","displayName":"Ciro Capital","slug":"ciro-capital-329576","website":"https://cirocapital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New Jersey limited liability company","fiscalYearEnd":"December","headquarters":{"street":"185 Hudson St., Suite 2500","city":"Jersey City","state":"NJ","stateName":"New Jersey","country":"United States","postalCode":"07311"},"tradeNames":[],"registration":{"secApproved":"18 May 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1447000,"staff":{"employees":2,"advisory":2,"brokerDealerReps":1,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":117442000,"discretionary":117442000,"discretionaryAccounts":268,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":49,"regulatoryAum":15248000},{"label":"High-net-worth individuals","clients":29,"regulatoryAum":97618000},{"label":"Pension and profit-sharing plans","clients":5,"regulatoryAum":3579000},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":355000},{"label":"Other","clients":5,"regulatoryAum":642000}],"feePrograms":[{"role":"main","program":"Comprehensive Portfolio Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041792","versionId":1041792,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-04-17","documentName":"FORM ADV PART 2A - FIRM BROCHURE","fee_rate_low":null,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning and consulting","summary":"Financial planning and consulting are billed hourly, with a maximum hourly fee of $500, on an estimated number of hours set case by case.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041792","versionId":1041792,"submittedOn":"2026-04-17","documentName":"FORM ADV PART 2A - FIRM BROCHURE"},{"role":"other","program":"Retirement plan consulting","summary":"Retirement plan consulting is a percentage of managed plan assets, not to exceed 1.00%, in addition to the management fee.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041792","versionId":1041792,"submittedOn":"2026-04-17","documentName":"FORM ADV PART 2A - FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:39:48.774805+00:00","documents":[{"name":"FORM ADV PART 2A - FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041792","versionId":1041792,"submittedOn":"2026-04-17"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":110756000}],"custodyNote":"Ciro Capital does not have custody of client assets.","leadership":[{"name":"Kiran Kumar Devarapalli","title":"Founder, CEO, and Chief Compliance Officer","crd":"6416586"},{"name":"VPS Bhavani Pyla","title":"Managing Partner","crd":"8212148"}],"ownership":[{"label":"Kiran Kumar Devarapalli","detail":"Founder, ceo, and chief compliance officer in the 75% or more ownership band and a control person, since December 2023."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New Jersey","offices":1,"addresses":[{"street":"185 Hudson St., Suite 2500","city":"Jersey City","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"646-785-6201","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":67},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":12},{"label":"Investment grade corporate bonds","percent":7},{"label":"Securities issued by registered investment companies or business development companies","percent":10},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":1,"detail":"Alternatives"}],"privateFunds":0},"sources":{"adv1FilingDate":"7 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/329576/PDF/329576.pdf","brochureDate":"17 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041792","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 Ciro Capital have?","answer":"Ciro Capital has 88 clients and manages $117 million for them, as of May 2026. They include 49 individual clients, 29 high-net-worth individuals, and 5 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 7 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Ciro Capital offer?","answer":"Ciro Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.","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 Ciro Capital charge?","answer":"Ciro Capital charges up to 2.00% a year for its Comprehensive Portfolio Management. The fee is billed in advance and is negotiable.","source":"FORM ADV PART 2A - FIRM BROCHURE, filed 17 April 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Ciro Capital use?","answer":"Ciro Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $111M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Ciro Capital have?","answer":"Ciro Capital has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 2 employees are 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 Ciro Capital invest in?","answer":"At the end of its last fiscal year, Ciro Capital’s separately managed accounts held 67% exchange-traded equities, 12% U.S. government and agency bonds, 10% registered funds (mutual funds, ETFs, BDCs), 7% investment grade corporate bonds, 2% cash and equivalents, 1% non-exchange-traded equities and 1% other. The 1% other category is described as: Alternatives.","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 Ciro Capital?","answer":"Ciro Capital’s direct owner is Kiran Kumar Devarapalli (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 7 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Ciro Capital get paid?","answer":"Ciro Capital 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Ciro Capital registered with the SEC?","answer":"Yes, Ciro Capital has been registered with the SEC as an investment adviser since 18 May 2026. Its CRD number is 329576 and its SEC file number is 801-136298.","source":"Form ADV Part 1A, Item 1, filed 7 May 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Ciro Capital?","answer":"Ciro Capital’s main office is at 185 Hudson St., Suite 2500, Jersey City, NJ 07311. Its phone number is 646-785-6201. Its website is cirocapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 7 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}