Elgethun Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year. The firm advises 2 private funds.
Elgethun Capital Management reports 303 clients. They include 177 high-net-worth individuals, 117 individual clients and 7 charitable organizations. Of its assets, 100.0% ($1.14B across 943 accounts) are managed with discretion. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 39% | 3% |
| High-net-worth individuals | 58% | 86% |
| Pooled investment vehicles | <1% | 8% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | 2% | 1% |
| Other client typesCorporations and other businesses | Not reported | 2% |
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) | 117 | $38M | 3.3% | $325K |
| High-net-worth individuals | 177 | $983M | 86.3% | $5.56M |
| Pooled investment vehicles | 2 | $86M | 7.5% | $43M |
| Pension and profit-sharing plans | Fewer than 5 | $1.21M | 0.1% | — |
| Charitable organizations | 7 | $12M | 1.0% | $1.71M |
| Corporations and other businesses | Fewer than 5 | $19.3M | 1.7% | — |
| Total | 303 | $1.14B | 100% | — |
- Clients
- 117
- Regulatory AUM
- $38M
- AUM share
- 3.3%
- Avg. per client
- $325K
- Clients
- 177
- Regulatory AUM
- $983M
- AUM share
- 86.3%
- Avg. per client
- $5.56M
- Clients
- 2
- Regulatory AUM
- $86M
- AUM share
- 7.5%
- Avg. per client
- $43M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.21M
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $12M
- AUM share
- 1.0%
- Avg. per client
- $1.71M
- Clients
- Fewer than 5
- Regulatory AUM
- $19.3M
- AUM share
- 1.7%
- Avg. per client
- —
Total
- Clients
- 303
- Regulatory AUM
- $1.14B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 51–100
Elgethun Capital Management charges 0.50%–1.00% a year for its Asset Management Fees. The fee is billed in advance, is negotiable and has a $15,000 annual minimum. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consultation
- Ongoing consulting is billed hourly and is negotiable, at a standard $500.00 an hour.
John Barker owns 75% or more of Elgethun Capital Management. The leadership team of Elgethun Capital Management includes President John Barker. It has 13 employees, 10 of them in advisory roles.
Leadership
- John BarkerPresident; Chief Compliance Officer
- Austin WagnerPortfolio Manager
- Conrad AdamPortfolio Manager
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Conrad Thomas Adam
- Patrick Ryan Baird
- John A Barker
- Chase Thomas Harris
- Chad David Hatch
- Pierce Hubert McDowell IV
- Dustin Mitchell Pratt
- Christian Joseph Schoppert
- Trevor Gary Sinclair
- Austin James Wagner
Staff
- 13 employees
- 10 in advisory functions
- 10 state-registered reps
- 3 soliciting firms
- Owns 75% or more of Elgethun Capital Management
John Barker
Control person · since February 2013
- Owns 5% to 10% of Elgethun Capital Management
Austin Wagner
Control person · since April 2024
- Owns 5% to 10% of Elgethun Capital Management
Conrad Adam
Control person · since April 2024
Elgethun Capital Management’s regulatory assets grew 2.6× from $442M (March 2021) to $1.14B (March 2026); clients rose from 186 to 303 and employees from 5 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.14B | 303 | 13 | 1 |
| May 2025 | $885M | 261 | 9 | 1 |
| June 2024 | $787M | 230 | 6 | 1 |
| July 2023 | $695M | 203 | 6 | 1 |
| June 2022 | $532M | 207 | 7 | 1 |
| March 2021 | $442M | 186 | 5 | 1 |
Besides its headquarters, Elgethun Capital Management has 0 offices, with 1 listed address in South Dakota.
South Dakota · 1 listed address
- 231 S. Phillips Ave., Suite 201, Sioux FallsHQ
Contact and registration details
- Legal name
- Elgethun Capital Management
- Headquarters
- 231 S. Phillips Ave., Suite 201, Sioux Falls, SD 57104
- Phone
- 605-367-3336
- @3308060
- SEC file
- 801-66560
- Structure
- South Dakota corporation
- Fiscal year end
- December
Elgethun Capital Management uses Charles Schwab ($1.06B) as custodian for its separately managed accounts. Elgethun Capital Management has custody of $119M in client assets for 88 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.06B100%
At year end, Elgethun Capital Management’s separately managed accounts were largely in stocks (39%) and funds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $718M across 174 positions; the largest are Eli Lilly & CO (10.1%), Berkshire Hathaway Inc. Del (9.5%) and Fairfax Financial (5.8%).
What the accounts hold
- Stocks39%
- Funds26%
- Registered funds19%
- Pooled vehicles7%
- Bonds12%
- State and local bonds11%
- U.S. government and agency bonds1%
- Cash24%
Reported 13F holdings
- $718M
- Reported 13F value
- 174
- Positions
- 48.3%
- In the 10 largest
- +18.7%
- Value vs. prior quarter
- Eli Lilly & CO10.1%
- Berkshire Hathaway Inc. Del · CL B New9.5%
- Fairfax Financial5.8%
- iShares TR · Eafe Value ETF5.0%
- iShares Inc. · Core MSCI Emkt4.3%
- Schwab Strategic TR · Fund EM Equi ETF3.1%
- Boston Omaha Corp. · CL A Com Stk2.8%
- Schwab Strategic TR · Intl Eqty ETF2.8%
- Pathward Financial Inc.2.6%
- Bancorp Inc. Del2.4%
Together, the ten largest are 48.3% of reported value.
How many clients does Elgethun Capital Management have?
Elgethun Capital Management has 303 clients and manages $1.14 billion for them, as of March 2026. They include 177 high-net-worth individuals, 117 individual clients and 7 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Elgethun Capital Management offer?
Elgethun Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Elgethun Capital Management charge?
Elgethun Capital Management charges 0.50%–1.00% a year for its Asset Management Fees. The fee is billed in advance, is negotiable and has a $15,000 annual minimum.
Source: ADV PART 2A, filed 27 March 2026
Which custodians does Elgethun Capital Management use?
Elgethun Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.06B. 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 March 2026
How many financial advisors does Elgethun Capital Management have?
Elgethun Capital Management has 10 investment adviser representatives registered with state securities authorities, out of 13 employees, and 10 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 Elgethun Capital Management invest in?
At the end of its last fiscal year, Elgethun Capital Management’s separately managed accounts held 39% exchange-traded equities, 24% cash and equivalents, 19% registered funds (mutual funds, ETFs, BDCs), 11% state and local bonds, 7% pooled vehicles (private funds and similar) and 1% U.S. government and agency bonds. It advises 2 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 Elgethun Capital Management?
Elgethun Capital Management’s direct owners are John Barker (75% or more), Austin Wagner (5% to 10%) and Conrad Adam (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Elgethun Capital Management get paid?
Elgethun Capital Management is paid through a percentage of assets under management, hourly charges, fixed fees 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 Elgethun Capital Management?
Elgethun Capital Management’s main office is at 231 S. Phillips Ave., Suite 201, Sioux Falls, SD 57104. Its phone number is 605-367-3336. Its website is elgethuncapitalmanagement.com.