{"url":"https://nivawealth.com/firms/lm-capital-group-120277","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/120277","regulatoryAum":6098250000,"crd":"120277","history":[{"filedOn":"2021-03-30","regulatoryAum":5133488936,"clients":21,"employees":20,"offices":3},{"filedOn":"2022-03-18","regulatoryAum":4926878401,"clients":28,"employees":19,"offices":3},{"filedOn":"2023-03-22","regulatoryAum":4606782284,"clients":34,"employees":20,"offices":1},{"filedOn":"2024-03-21","regulatoryAum":4996891947,"clients":35,"employees":20,"offices":1},{"filedOn":"2025-03-18","regulatoryAum":5762820079,"clients":35,"employees":22,"offices":1},{"filedOn":"2026-03-24","regulatoryAum":6098250000,"clients":36,"employees":20,"offices":1}],"secFileNumber":"801-61100","legalName":"LM Capital Group, LLC","displayName":"LM Capital Group","slug":"lm-capital-group-120277","website":"https://lmcapital.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/120277/efb9e25993cb531b-r1.webp","tone":"light","width":1297,"height":200,"sourceUrl":"https://www.lmcapital.com","sourceLabel":"LM Capital Group, LLC, website"},"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"750 B Street, Suite 3010","city":"San Diego","state":"CA","stateName":"California","country":"United States","postalCode":"92101"},"tradeNames":[],"registration":{"secApproved":"1 April 2002","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":20,"advisory":9,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":6098250000,"discretionary":6098250000,"discretionaryAccounts":38,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":99130000},{"label":"State or municipal government entities","clients":26,"regulatoryAum":5643290000},{"label":"Other investment advisers","clients":null,"fewerThan5":true,"regulatoryAum":20600000},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":0},{"label":"Other","clients":10,"regulatoryAum":335230000}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Northern Trust","shortName":"Northern Trust","location":"Chicago, IL","smaAssets":2938435612},{"name":"State Street","shortName":"State Street","location":"Boston, MA","smaAssets":1562362989},{"name":"BNY Mellon","shortName":"BNY Mellon","location":"New York, NY","smaAssets":1050639192}],"custodyNote":"LM Capital Group does not have custody of client assets.","leadership":[{"name":"Tobias Gorodzinsky","title":"Chief Financial Officer","crd":"1905586"},{"name":"Jeffrey Frankel","title":"Chief Compliance Officer","crd":"2268046"},{"name":"John Chalker","title":"Owner/Partner","crd":"719455"},{"name":"Michael Chalker","title":"Portfolio Manager","crd":"6145887"},{"name":"Luis Maizel","title":"Senior Managing Director","crd":"4415122"},{"name":"Mario Modiano","title":"Portfolio Manager","crd":"5090156"}],"ownership":[{"label":"LM Capital Management Inc","detail":"Holding company in the 75% or more ownership band and a control person, since April 2002."},{"label":"Luis Maizel","detail":"Indirect owner: a shareholder of LM Capital Management Inc in the 25% to 50% band and a control person, since September 1988.","parent":"LM Capital Management Inc"},{"label":"John Chalker","detail":"Indirect owner: a shareholder of LM Capital Management Inc in the 25% to 50% band and a control person, since September 1988.","parent":"LM Capital Management Inc"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"750 B Street, Suite 3010","city":"San Diego","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"619-814-1401","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for businesses (other than small businesses) or institutional clients","Publication of periodicals or newsletters"],"financialPlanningClients":"0","assetMix":[{"label":"U.S. government/agency bonds","percent":37},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":19},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":39,"detail":"Mortgage Backed Securities.  \n\nAsset Backed Secuities\n\nUS Dollar Denominated Emerging Market Debt Securities.  \n\nForeign Denominated Securities"}],"privateFunds":0},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/120277/PDF/120277.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does LM Capital Group have?","answer":"LM Capital Group has 36 clients and manages $6.1 billion for them, as of March 2026. They include 26 state or municipal government entities and 10 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does LM Capital Group offer?","answer":"LM Capital Group provides portfolio management for institutions and publishing newsletters.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does LM Capital Group use?","answer":"LM Capital Group’s separately managed account assets are held at Northern Trust (Chicago, IL), with $2.94B, State Street (Boston, MA), with $1.56B and BNY Mellon (New York, NY), with $1.05B. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does LM Capital Group have?","answer":"LM Capital Group has 0 investment adviser representatives registered with state securities authorities, out of 20 employees, and 9 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 LM Capital Group invest in?","answer":"At the end of its last fiscal year, LM Capital Group’s separately managed accounts held 39% other, 37% U.S. government and agency bonds, 19% investment grade corporate bonds, 2% high-yield corporate bonds, 2% cash and equivalents and 1% state and local bonds. The 39% other category is described as: Mortgage Backed Securities.  \n\nAsset Backed Secuities\n\nUS Dollar Denominated Emerging Market Debt Securities.  \n\nForeign Denominated Securities.","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 LM Capital Group?","answer":"LM Capital Group is owned through a holding company by Luis Maizel and John Chalker. Its direct owner is LM Capital Management Inc (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does LM Capital Group get paid?","answer":"LM Capital Group is paid through a percentage of assets under management. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is LM Capital Group registered with the SEC?","answer":"Yes, LM Capital Group has been registered with the SEC as an investment adviser since 1 April 2002. Its CRD number is 120277 and its SEC file number is 801-61100.","source":"Form ADV Part 1A, Item 1, filed 24 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact LM Capital Group?","answer":"LM Capital Group’s main office is at 750 B Street, Suite 3010, San Diego, CA 92101. Its phone number is 619-814-1401. Its website is lmcapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 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."}