Passive Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and retirement plan services. Financial planning was provided to 26–50 clients last fiscal year.
Passive Capital Management reports 424 clients. They include 298 individual clients, 101 high-net-worth individuals and 16 charitable organizations. Of its assets, 99.0% ($987M across 426 accounts) are managed with discretion; $10.3M across 2 accounts are not. It advised 12 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 8% |
| High-net-worth individuals | 24% | 75% |
| Pension and profit-sharing plans | Fewer than 5 | 3% |
| Charitable organizations | 4% | 8% |
| Corporations and other businesses | 2% | 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) | 298 | $82.9M | 8.3% | $278K |
| High-net-worth individuals | 101 | $748M | 75.0% | $7.4M |
| Pension and profit-sharing plans | Fewer than 5 | $29.9M | 3.0% | — |
| Charitable organizations | 16 | $78.7M | 7.9% | $4.92M |
| Corporations and other businesses | 9 | $57.7M | 5.8% | $6.41M |
| Total | 424 | $997M | 100% | — |
- Clients
- 298
- Regulatory AUM
- $82.9M
- AUM share
- 8.3%
- Avg. per client
- $278K
- Clients
- 101
- Regulatory AUM
- $748M
- AUM share
- 75.0%
- Avg. per client
- $7.4M
- Clients
- Fewer than 5
- Regulatory AUM
- $29.9M
- AUM share
- 3.0%
- Avg. per client
- —
- Clients
- 16
- Regulatory AUM
- $78.7M
- AUM share
- 7.9%
- Avg. per client
- $4.92M
- Clients
- 9
- Regulatory AUM
- $57.7M
- AUM share
- 5.8%
- Avg. per client
- $6.41M
Total
- Clients
- 424
- Regulatory AUM
- $997M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 12
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Passive Capital Management charges 0.20%–0.80% for its Investment Management Fees. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 0.80% |
| $1M–$5M | 0.60% |
| $5M–$10M | 0.40% |
| $10M and above | 0.20% |
Fee details and sources
Scott Reinhardt owns 25% to 50% of Passive Capital Management. The leadership team of Passive Capital Management includes Chief Compliance Officer Jeffrey Fountain. It has 8 employees.
Staff
- 8 employees
- 8 in advisory functions
- 8 state-registered reps
- Owns 25% to 50% of Passive Capital Management, LLC
Scott Reinhardt
Control person · since December 2006
- Owns 25% to 50% of Passive Capital Management, LLC
Jonathan Farber
Control person · since December 2006
- Owns 5% to 10% of Passive Capital Management, LLC
Kathryn Stewart
since January 2008
- Owns 5% to 10% of Passive Capital Management, LLC
Jeffrey Fountain
Control person · since January 2021
- Owns 5% to 10% of Passive Capital Management, LLC
Jacob Asplundh
Control person · since April 2021
- Owns 5% to 10% of Passive Capital Management, LLC
Margaret Boblitz
since February 2007
Passive Capital Management’s regulatory assets grew from $687M (February 2021) to $997M (January 2026); clients rose from 336 to 424 and employees from 5 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jan 2026January 2026 | $997M | 424 | 8 | 3 |
| Apr 2025April 2025 | $941M | 398 | 8 | 3 |
| Feb 2024February 2024 | $864M | 368 | 6 | 2 |
| Mar 2023March 2023 | $795M | 366 | 6 | 2 |
| Apr 2022April 2022 | $828M | 346 | 7 | 2 |
| Feb 2021February 2021 | $687M | 336 | 5 | 2 |
Besides its headquarters, Passive Capital Management has 2 offices, with 3 listed addresses across 3 states.
Maryland · 1 listed address
- 2650 Quarry Lake Drive, Baltimore
New York · 1 listed address
- Salina Place, 205 S. Salina Street, Suite 403, SyracuseHQ
Pennsylvania · 1 listed address
- 1800 Byberry Road, Huntingdon Valley
Contact and registration details
- Legal name
- Passive Capital Management, LLC
- Headquarters
- Salina Place, 205 S. Salina Street, Suite 403, Syracuse, NY 13202
- Website
- passivecapital.com
- Phone
- 315-478-3130
- SEC file
- 801-68774
- Founded
- 2007
- Structure
- New York LLC
- Fiscal year end
- December
Passive Capital Management’s named custodian for separately managed accounts is Charles Schwab ($983M). Passive Capital Management has custody of $202M for 152 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $983M100%
At year end, Passive Capital Management’s separately managed accounts were mostly in funds (97%). Its reported 13F holdings for the quarter ended 30 June 2026 total $320M across 94 positions; the largest are Dimensional ETF Trust (16.7%), Vanguard Index Fds (12.0%) and Schwab Strategic TR (8.9%).
What the accounts hold
- Stocks2%
- Funds97%
- Cash1%
How many clients does Passive Capital Management have?
Passive Capital Management has 424 clients and manages $997 million for them, as of January 2026. They include 298 individual clients, 101 high-net-worth individuals and 16 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 January 2026
What services does Passive Capital Management offer?
Passive Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Passive Capital Management charge?
Passive Capital Management charges 0.20%–0.80% for its Investment Management Fees. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: PASSIVE CAPITAL PART 2A BROCHURE, filed 25 January 2026
Which custodians does Passive Capital Management use?
Passive Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $983M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 January 2026
How many financial advisors does Passive Capital Management have?
Passive Capital Management has 8 investment adviser representatives registered with state securities authorities, out of 8 employees, and 8 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 Passive Capital Management invest in?
At the end of its last fiscal year, Passive Capital Management’s separately managed accounts held 97% registered funds (mutual funds, ETFs, BDCs), 2% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Passive Capital Management?
Passive Capital Management’s direct owners are Scott Reinhardt, Kathryn Stewart, Jonathan Farber, Jeffrey Fountain, Jacob Asplundh and Margaret Boblitz, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 25 January 2026
How does Passive Capital Management get paid?
Passive Capital Management 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
How do I contact Passive Capital Management?
Passive Capital Management’s main office is at Salina Place, 205 S. Salina Street, Suite 403, Syracuse, NY 13202. Its phone number is 315-478-3130. Its website is passivecapital.com.
