{"url":"https://nivawealth.com/firms/hutner-capital-management-107896","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107896","regulatoryAum":271166293,"crd":"107896","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4356920","suffix":null,"lastName":"HUTNER","firstName":"DANIEL","middleName":"ELLSWORTH"},{"crd":"5121499","suffix":"JR","lastName":"HUTNER","firstName":"DANIEL","middleName":"E."}],"total":2,"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":"2021-03-31","regulatoryAum":166058221,"clients":103,"employees":6,"offices":2},{"filedOn":"2022-03-30","regulatoryAum":195189179,"clients":105,"employees":4,"offices":2},{"filedOn":"2023-03-30","regulatoryAum":190073128,"clients":115,"employees":4,"offices":2},{"filedOn":"2024-03-29","regulatoryAum":193851090,"clients":116,"employees":4,"offices":2},{"filedOn":"2025-03-28","regulatoryAum":270701590,"clients":117,"employees":4,"offices":2},{"filedOn":"2026-03-30","regulatoryAum":271166293,"clients":120,"employees":4,"offices":2}],"secFileNumber":"801-79521","legalName":"Hutner 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They include 76 high-net-worth individuals, 33 individual clients, and 6 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Hutner Capital Management offer?","answer":"Hutner Capital Management provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.","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 Hutner Capital Management charge?","answer":"Hutner Capital Management charges up to 1.00% a year for its Investment management fee schedule. The fee is billed in advance, has a $2,000 annual minimum and requires an account of at least $1,000,000.","source":"HUTNER CAPITAL MANAGEMENT FORM ADV PART 2A AND B 033026, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Hutner Capital Management use?","answer":"Hutner Capital Management’s separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $135M and BNY Mellon, National Association (Pittsburgh, PA), with $47.5M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Hutner Capital Management have?","answer":"Hutner Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Hutner Capital Management invest in?","answer":"At the end of its last fiscal year, Hutner Capital Management’s separately managed accounts held 90% exchange-traded equities, 5% cash and equivalents, 3% registered funds (mutual funds, ETFs, BDCs), 1% non-exchange-traded equities and 1% U.S. government and agency bonds. It advises 3 private funds.","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":"Does Hutner Capital Management have a minimum investment?","answer":"Yes, Hutner Capital Management’s minimum account size for its Investment management fee schedule is $1M. It charges a $2K annual minimum fee.","source":"HUTNER CAPITAL MANAGEMENT FORM ADV PART 2A AND B 033026, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Hutner Capital Management?","answer":"Hutner Capital Management’s direct owner is Daniel Hutner (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Hutner Capital Management get paid?","answer":"Hutner Capital Management is paid through a percentage of assets under management, fixed fees, performance-based fees and other compensation. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Hutner Capital Management registered with the SEC?","answer":"Yes, Hutner Capital Management has been registered with the SEC as an investment adviser since 9 April 2014. Its CRD number is 107896 and its SEC file number is 801-79521.","source":"Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Hutner Capital Management?","answer":"Hutner Capital Management’s main office is at 3546 Main Street, Manchester, VT 05254. Its phone number is 802-366-8157. 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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."}