Impact Capital provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Impact Capital reports 115 clients. They include 72 high-net-worth individuals, 40 individual clients and 3 charitable organizations. Of its assets, 100.0% ($253M across 650 accounts) are managed with discretion. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 35% | 6% |
| High-net-worth individuals | 63% | 92% |
| Charitable organizations | 3% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 40 | $15.4M | 6.1% | $385K |
| High-net-worth individuals | 72 | $234M | 92.5% | $3.25M |
| Charitable organizations | Fewer than 5 | $3.64M | 1.4% | $1.21M |
| Total | 115 | $253M | 100% | — |
- Clients
- 40
- Regulatory AUM
- $15.4M
- AUM share
- 6.1%
- Avg. per client
- $385K
- Clients
- 72
- Regulatory AUM
- $234M
- AUM share
- 92.5%
- Avg. per client
- $3.25M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.64M
- AUM share
- 1.4%
- Avg. per client
- $1.21M
Total
- Clients
- 115
- Regulatory AUM
- $253M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Impact Capital is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial plans are a negotiated fixed rate of $400 per hour, with 50% paid in advance but never more than six months ahead.
- Pension Consulting Services
- Pension consulting is 0.50% of the plan assets for which IC provides consulting, negotiable and paid quarterly.
The William D. Bancroft Revocable Trust owns 75% or more of Impact Capital and is in turn owned by William Bancroft (75% or more). William Bancroft is CEO. It has 4 employees, 3 of them in advisory roles.
Leadership
- William BancroftChief Executive Officer, Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- William Dennis Bancroft
- Daniel Jared Cohen
- Dawn Marie Page
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Impact Capital, LLC
The William D. Bancroft Revocable Trust
Control person · since August 2018
- Owns 75% or more of The William D. Bancroft Revocable Trust
William Bancroft
Control person · since August 2018
- Owns 75% or more of Impact Capital, LLC
Jamie Bancroft
since October 2025
Impact Capital’s regulatory assets grew 2.2× from $115M (May 2022) to $253M (March 2026); clients rose from 76 to 115 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $253M | 115 | 4 | 1 |
| March 2025 | $240M | 105 | 4 | 1 |
| March 2024 | $188M | 98 | 4 | 1 |
| March 2023 | $158M | 112 | 4 | 1 |
| May 2022 | $115M | 76 | 4 | 1 |
Besides its headquarters, Impact Capital has 0 offices, with 1 listed address in Maryland.
Maryland · 1 listed address
- One Research Court, Suite 400, RockvilleHQ
Contact and registration details
- Legal name
- Impact Capital, LLC
- Headquarters
- One Research Court, Suite 400, Rockville, MD 20850
- Website
- impactcapital.com
- Phone
- 301-417-3300
- @impact-capital-llc
- SEC file
- 801-123536
- Founded
- 2018
- Structure
- Maryland LLC
- Fiscal year end
- December
Impact Capital uses Charles Schwab ($303M) as custodian for its separately managed accounts. Impact Capital does not have custody of client assets.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · West Lake, TX · $303M100%
At year end, Impact Capital’s separately managed accounts were mostly in funds (71%) and stocks (14%).
What the accounts hold
- Stocks14%
- Funds71%
- Registered funds50%
- Pooled vehicles21%
- Bonds4%
- State and local bonds3%
- U.S. government and agency bonds1%
- Cash10%
- Other1%
- Derivatives1%
How many clients does Impact Capital have?
Impact Capital has 115 clients and manages $253 million for them, as of March 2026. They include 72 high-net-worth individuals, 40 individual clients and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026
What services does Impact Capital offer?
Impact Capital provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Impact Capital use?
Impact Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (West Lake, TX), with $303M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026
How many financial advisors does Impact Capital have?
Impact Capital has 3 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
What does Impact Capital invest in?
At the end of its last fiscal year, Impact Capital’s separately managed accounts held 50% registered funds (mutual funds, ETFs, BDCs), 21% pooled vehicles (private funds and similar), 14% exchange-traded equities, 10% cash and equivalents, 3% state and local bonds, 1% U.S. government and agency bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Impact Capital?
Impact Capital is owned through a trust by William Bancroft. Its direct owners are the William D. Bancroft Revocable Trust (75% or more) and Jamie Bancroft (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 19 March 2026
How does Impact Capital get paid?
Impact 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 Impact Capital registered with the SEC?
Yes, Impact Capital has been registered with the SEC as an investment adviser since 25 March 2022. Its CRD number is 297413 and its SEC file number is 801-123536.
Source: Form ADV Part 1A, Item 1, filed 19 March 2026; IAPD firm record
How do I contact Impact Capital?
Impact Capital’s main office is at One Research Court, Suite 400, Rockville, MD 20850. Its phone number is 301-417-3300. Its website is impactcapital.com.