Light Capital provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles. Financial planning was provided to 11–25 clients last fiscal year. The firm advises 1 private fund.
Light Capital reports 13 clients. They include 13 high-net-worth individuals. Of its assets, 41.7% ($56.4M across 73 accounts) are managed with discretion; $78.8M across 97 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | <1% |
| High-net-worth individuals | 100% | 94% |
| Corporations and other businesses | Fewer than 5 | 6% |
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) | Fewer than 5 | $37.7K | 0.0% | — |
| High-net-worth individuals | 13 | $127M | 93.7% | $9.75M |
| Corporations and other businesses | Fewer than 5 | $8.48M | 6.3% | — |
| Total | 13 | $135M | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $37.7K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 13
- Regulatory AUM
- $127M
- AUM share
- 93.7%
- Avg. per client
- $9.75M
- Clients
- Fewer than 5
- Regulatory AUM
- $8.48M
- AUM share
- 6.3%
- Avg. per client
- —
Total
- Clients
- 13
- Regulatory AUM
- $135M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 11–25
Light Capital charges up to 1.50% for its Separately Managed Accounts. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Family Office Services
- Family office services are charged a fixed fee in addition to the advisory fee; the brochure gives no amount.
Edward McGlasson owns 75% or more of Light Capital. Edward McGlasson is CEO. It has 2 employees, 1 of them in advisory roles.
Leadership
- Edward McGlassonFounder, Chief Executive Officer, Chief Investment Officer and Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Light Capital LLC
Edward McGlasson
Control person · since November 2022
Light Capital’s regulatory assets grew from $112M (March 2023) to $135M (March 2026); clients rose from 11 to 13 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $135M | 13 | 2 | 2 |
| May 2025May 2025 | $115M | 13 | 2 | 1 |
| Mar 2024March 2024 | $120M | 11 | 1 | 1 |
| Mar 2023March 2023 | $112M | 11 | 2 | 1 |
Besides its headquarters, Light Capital has 1 office, with 2 listed addresses in 1 state.
California · 2 listed addresses
- 520 Broadway,, 2nd Floor, Santa MonicaHQ
- 485 E. 17th Street, Costa Mesa
Contact and registration details
- Legal name
- Light Capital LLC
- Headquarters
- 520 Broadway,, 2nd Floor, Santa Monica, CA 90401
- Website
- lightcap.co
- Phone
- 424-625-2065
- SEC file
- 801-126710
- Structure
- Delaware LLC
- Fiscal year end
- December
Light Capital’s named custodian for separately managed accounts is Charles Schwab ($104M). Light Capital has custody of $44.2M for 14 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $104M100%
At year end, Light Capital’s separately managed accounts were mostly in funds (63%) and stocks (28%).
What the accounts hold
- Stocks28%
- Funds63%
- Pooled vehicles55%
- Registered funds8%
- Bonds2%
- Cash1%
- Other6%
- Other includes unfunded commitments to private funds and digital assets6%
How many clients does Light Capital have?
Light Capital has 13 clients and manages $135 million for them, as of March 2026. They include 13 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Light Capital offer?
Light Capital provides financial planning, 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
How much does Light Capital charge?
Light Capital charges up to 1.50% for its Separately Managed Accounts. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Which custodians does Light Capital use?
Light Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $104M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Light Capital have?
Light Capital has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 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 Light Capital invest in?
At the end of its last fiscal year, Light Capital’s separately managed accounts held 55% pooled vehicles (private funds and similar), 28% exchange-traded equities, 8% registered funds (mutual funds, ETFs, BDCs), 6% other, 2% U.S. government and agency bonds and 1% cash and equivalents. The 6% other category is described as: Other Includes Unfunded Commitments to Private Funds and Digital Assets. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Light Capital?
Light Capital’s direct owner is Edward McGlasson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Light Capital get paid?
Light Capital 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 Light Capital?
Light Capital’s main office is at 520 Broadway,, 2nd Floor, Santa Monica, CA 90401. Its phone number is 424-625-2065. Its website is lightcap.co.