{"url":"https://nivawealth.com/firms/royal-palms-capital-135304","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/135304","regulatoryAum":124194124,"crd":"135304","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1098705","suffix":null,"lastName":"HETZER","firstName":"KRISTIN","middleName":null}],"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":"2025-05-13","regulatoryAum":101094259,"clients":75,"employees":1,"offices":1},{"filedOn":"2026-06-29","regulatoryAum":124194124,"clients":87,"employees":1,"offices":2}],"secFileNumber":"801-132117","legalName":"Royal Palms Capital, LLC","displayName":"Royal Palms Capital","slug":"royal-palms-capital-135304","website":"https://royalpalmscapital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Montana limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"7 March 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1427518.6666666667,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":124194124,"discretionary":124194124,"discretionaryAccounts":249,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":54,"regulatoryAum":16263549},{"label":"High-net-worth individuals","clients":33,"regulatoryAum":107930575}],"feePrograms":[{"role":"other","program":"Investment consulting services","summary":"Investment consulting is billed at a standard rate of $350 per hour, or as a fixed fee not to exceed $10,000 agreed in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1049930","versionId":1049930,"submittedOn":"2026-06-29","documentName":"ROYAL PALMS CAPITAL LLC  BROCHURE 2 A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T13:16:26.870397+00:00","documents":[{"name":"ROYAL PALMS CAPITAL LLC  BROCHURE 2 A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1049930","versionId":1049930,"submittedOn":"2026-06-29"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":124194124}],"custodyNote":"Royal Palms Capital does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Kristin Hetzer","title":"Chief Executive Officer/Chief Compliance Officer","crd":"1098705"},{"name":"Joseph Hetzer","title":"Member","crd":"7857915"}],"ownership":[{"label":"Kristin Hetzer","detail":"Chief executive officer/chief compliance officer in the 75% or more ownership band and a control person, since January 2004."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"655 Deep Valley Drive","city":"Rolling Hills Estates"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"310-265-5939","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":88},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":3},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"29 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/135304/PDF/135304.pdf","brochureDate":"29 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1049930","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 Royal Palms Capital have?","answer":"Royal Palms Capital has 87 clients and manages $124 million for them, as of June 2026. 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Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Royal Palms Capital have?","answer":"Royal Palms Capital has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","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 Royal Palms Capital invest in?","answer":"At the end of its last fiscal year, Royal Palms Capital’s separately managed accounts held 88% exchange-traded equities, 5% cash and equivalents, 3% registered funds (mutual funds, ETFs, BDCs), 2% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds.","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 Royal Palms Capital?","answer":"Royal Palms Capital’s direct owner is Kristin Hetzer (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 29 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Royal Palms Capital get paid?","answer":"Royal Palms Capital is paid through a percentage of assets under management, hourly charges and fixed fees. 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