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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 Elgethun Capital Management invest in?","answer":"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. 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