{"url":"https://nivawealth.com/firms/light-capital-323373","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/323373","regulatoryAum":135263932,"crd":"323373","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6147711","suffix":null,"lastName":"MCGLASSON","firstName":"EDWARD","middleName":"TANDY"}],"total":1,"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":"2023-03-31","regulatoryAum":111534019,"clients":11,"employees":2,"offices":1},{"filedOn":"2024-03-30","regulatoryAum":120166619,"clients":11,"employees":1,"offices":1},{"filedOn":"2025-05-06","regulatoryAum":114535643,"clients":13,"employees":2,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":135263932,"clients":13,"employees":2,"offices":2}],"secFileNumber":"801-126710","legalName":"Light Capital LLC","displayName":"Light Capital","slug":"light-capital-323373","website":"https://lightcap.co/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/323373/677a543511679032-r1.webp","tone":"light","width":509,"height":200,"sourceUrl":"https://lightcap.co","sourceLabel":"Light Capital LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"520 Broadway,, 2nd Floor","city":"Santa Monica","state":"CA","stateName":"California","country":"United States","postalCode":"90401"},"tradeNames":[],"registration":{"secApproved":"16 February 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":135263932,"discretionary":56430743,"discretionaryAccounts":73,"nonDiscretionary":78833189,"nonDiscretionaryAccounts":97,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":null,"fewerThan5":true,"regulatoryAum":37678},{"label":"High-net-worth individuals","clients":13,"regulatoryAum":126748005},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":8478249}],"feePrograms":[{"role":"main","program":"Separately Managed Accounts","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037416","versionId":1037416,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"LIGHT CAP BROCHURE 2025.12.31","fee_rate_low":null,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Family Office Services","summary":"Family office services are charged a fixed fee in addition to the advisory fee; the brochure gives no amount.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037416","versionId":1037416,"submittedOn":"2026-03-31","documentName":"LIGHT CAP BROCHURE 2025.12.31"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T17:20:35.326621+00:00","documents":[{"name":"LIGHT CAP BROCHURE 2025.12.31","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037416","versionId":1037416,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":104088165}],"custodyNote":"Light Capital has custody of $44.2M in client assets for 14 clients.","otherCustodians":[],"leadership":[{"name":"Edward McGlasson","title":"Founder, Chief Executive Officer, Chief Investment Officer and Chief Compliance Officer","crd":"6147711"}],"ownership":[{"label":"Edward McGlasson","detail":"Founder, chief executive officer, chief investment officer and chief compliance officer in the 75% or more ownership band and a control person, since November 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"520 Broadway,, 2nd Floor","city":"Santa Monica","headquarters":true},{"street":"485 E. 17th Street","city":"Costa Mesa"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"424-625-2065","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":28},{"label":"U.S. government/agency bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":8},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":55},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":6,"detail":"Other Includes Unfunded Commitments to Private Funds and Digital Assets"}],"privateFunds":1},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/323373/PDF/323373.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037416","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Light Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Light Capital offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Light Capital charge?","answer":"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.","source":"LIGHT CAP BROCHURE 2025.12.31, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Light Capital use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Light Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Light Capital invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Light Capital?","answer":"Light Capital’s direct owner is Edward McGlasson (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Light Capital get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Light Capital?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}