Fulcrum Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Fulcrum Capital reports 329 clients. They include 296 high-net-worth individuals, 18 charitable organizations, and 15 corporations and other businesses. Of its assets, 97.1% ($1.04B across 634 accounts) are managed with discretion; $31M across 33 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 90% | 71% |
| Charitable organizations | 5% | 19% |
| Corporations and other businesses | 5% | 10% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 296 | $768M | 71.4% | $2.59M |
| Charitable organizations | 18 | $203M | 18.9% | $11.3M |
| Corporations and other businesses | 15 | $104M | 9.7% | $6.94M |
| Total | 329 | $1.08B | 100% | $3.27M |
- Clients
- 296
- Regulatory AUM
- $768M
- AUM share
- 71.4%
- Avg. per client
- $2.59M
- Clients
- 18
- Regulatory AUM
- $203M
- AUM share
- 18.9%
- Avg. per client
- $11.3M
- Clients
- 15
- Regulatory AUM
- $104M
- AUM share
- 9.7%
- Avg. per client
- $6.94M
Total
- Clients
- 329
- Regulatory AUM
- $1.08B
- AUM share
- 100%
- Avg. per client
- $3.27M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Fulcrum Capital charges 0.40%–1.00% a year for its Standard Fee Schedule. The fee is billed in arrears, is negotiable, has a $20,000 annual minimum and requires an account of at least $1,000,000.
Fee details and sources
Janet Welcher owns 25% to 50% of Fulcrum Capital. The leadership team of Fulcrum Capital includes Chief Compliance Officer Matthew Wilkins. It has 13 employees, 8 of them in advisory roles.
Leadership
- Matthew WilkinsChief Compliance Officer, Managing Member, COO
- Kathryn FisherChief Wealth Strategist
- Janet WelcherManaging Member & Managing Director
- Michelle MathieuManaging Member & CEO
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Taylor Nicole Bohot
- Kathryn Haggitt Fisher
- Hans Martin Krippaehne
- David Bruce Limoges
- Lev Logan Marcus
- Michelle Aimee Mathieu
- Janet Maria Welcher
Staff
- 13 employees
- 8 in advisory functions
- 8 state-registered reps
- 1 soliciting firm
- Owns 25% to 50% of Fulcrum Capital, LLC
Janet Welcher
Control person · since April 2015
- Owns 25% to 50% of Fulcrum Capital, LLC
Michelle Mathieu
Control person · since January 2022
- Owns 10% to 25% of Fulcrum Capital, LLC
Matthew Wilkins
Control person · since March 2021
- Owns 10% to 25% of Fulcrum Capital, LLC
Kathryn Fisher
since January 2024
Fulcrum Capital’s regulatory assets grew 1.5× from $695M (April 2021) to $1.08B (March 2026); clients rose from 208 to 329 and employees from 10 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.08B | 329 | 13 | 1 |
| March 2025 | $976M | 251 | 12 | 1 |
| March 2024 | $847M | 264 | 11 | 1 |
| March 2023 | $746M | 239 | 12 | 1 |
| March 2022 | $910M | 229 | 12 | 1 |
| April 2021 | $695M | 208 | 10 | 1 |
Besides its headquarters, Fulcrum Capital has 0 offices, with 1 listed address in Washington.
Washington · 1 listed address
- 800 Fifth Avenue, Suite 3800, SeattleHQ
Contact and registration details
- Legal name
- Fulcrum Capital, LLC
- Headquarters
- 800 Fifth Avenue, Suite 3800, Seattle, WA 98104
- Website
- fulcrumcapllc.com
- Phone
- 206-223-9790
- @fulcrum-capital-llc
- SEC file
- 801-68459
- Structure
- Washington LLC
- Fiscal year end
- December
Fulcrum Capital uses Charles Schwab ($1.07B) as custodian for its separately managed accounts. Fulcrum Capital has custody of $3.37M in client assets for 102 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.07B100%
At year end, Fulcrum Capital’s separately managed accounts were largely in funds (47%) and stocks (44%). Its reported 13F holdings for the quarter ended 30 June 2026 total $493M across 103 positions; the largest are Vanguard Index Fds (8.2%), Lam Research Corp. (6.3%) and Microsoft Corp. (6.1%).
What the accounts hold
- Stocks44%
- Funds47%
- Registered funds45%
- Pooled vehicles2%
- Bonds2%
- Cash7%
Reported 13F holdings
- $493M
- Reported 13F value
- 103
- Positions
- 53.1%
- In the 10 largest
- +7.0%
- Value vs. prior quarter
- Vanguard Index Fds · Mid Cap ETF8.2%
- Lam Research Corp.6.3%
- Microsoft Corp.6.1%
- Apple Inc.5.6%
- Alphabet Inc. · Cap Stk CL A5.5%
- Fortinet Inc.5.1%
- Amazon Com Inc.5.0%
- Nvidia Corporation4.8%
- Trane Technologies PLC3.5%
- Mastercard Incorporated · CL A2.9%
Together, the ten largest are 53.1% of reported value.
How many clients does Fulcrum Capital have?
Fulcrum Capital has 329 clients and manages $1.08 billion for them, as of March 2026. They include 296 high-net-worth individuals, 18 charitable organizations, and 15 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Fulcrum Capital offer?
Fulcrum Capital 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
How much does Fulcrum Capital charge?
Fulcrum Capital charges 0.40%–1.00% a year for its Standard Fee Schedule. The fee is billed in arrears, is negotiable, has a $20,000 annual minimum and requires an account of at least $1,000,000.
Source: FULCRUM CAPITAL, LLC ADV PART 2A 03.19.2026, filed 25 March 2026
Which custodians does Fulcrum Capital use?
Fulcrum Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.07B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Fulcrum Capital have?
Fulcrum Capital has 8 investment adviser representatives registered with state securities authorities, out of 13 employees, and 8 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 Fulcrum Capital invest in?
At the end of its last fiscal year, Fulcrum Capital’s separately managed accounts held 45% registered funds (mutual funds, ETFs, BDCs), 44% exchange-traded equities, 7% cash and equivalents, 2% investment grade corporate bonds and 2% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Fulcrum Capital have a minimum investment?
Yes, Fulcrum Capital’s minimum account size for its Standard Fee Schedule is $1M. It charges a $20K annual minimum fee.
Source: FULCRUM CAPITAL, LLC ADV PART 2A 03.19.2026, filed 25 March 2026
Who owns Fulcrum Capital?
Fulcrum Capital’s direct owners are Janet Welcher, Michelle Mathieu, Matthew Wilkins and Kathryn Fisher, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Fulcrum Capital get paid?
Fulcrum Capital 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 Fulcrum Capital registered with the SEC?
Yes, Fulcrum Capital has been registered with the SEC as an investment adviser since 23 October 2007. Its CRD number is 145322 and its SEC file number is 801-68459.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact Fulcrum Capital?
Fulcrum Capital’s main office is at 800 Fifth Avenue, Suite 3800, Seattle, WA 98104. Its phone number is 206-223-9790. Its website is fulcrumcapllc.com.