Star Capital provides portfolio management for individuals and small businesses and selecting other managers.
Star Capital reports 701 clients. They include 664 individual clients, 33 high-net-worth individuals, and 3 corporations and other businesses. Of its assets, 100.0% ($144M across 1,913 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 95% | 83% |
| High-net-worth individuals | 5% | 16% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 664 | $119M | 83.1% | $180K |
| High-net-worth individuals | 33 | $23.3M | 16.2% | $705K |
| Charitable organizations | Fewer than 5 | $284K | 0.2% | $284K |
| Corporations and other businesses | Fewer than 5 | $749K | 0.5% | $250K |
| Total | 701 | $144M | 100% | — |
- Clients
- 664
- Regulatory AUM
- $119M
- AUM share
- 83.1%
- Avg. per client
- $180K
- Clients
- 33
- Regulatory AUM
- $23.3M
- AUM share
- 16.2%
- Avg. per client
- $705K
- Clients
- Fewer than 5
- Regulatory AUM
- $284K
- AUM share
- 0.2%
- Avg. per client
- $284K
- Clients
- Fewer than 5
- Regulatory AUM
- $749K
- AUM share
- 0.5%
- Avg. per client
- $250K
Total
- Clients
- 701
- Regulatory AUM
- $144M
- 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
- 0
Star Capital charges up to 2.00% a year for its Investment Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Investment Consulting Services
- Investment consulting is billed as a percentage of the consulted assets of up to 1.0% per annum, billed quarterly in arrears, or as a fixed fee of up to $250,000 per project, billed on completion.
Timothy Merrill owns 75% or more of Star Capital. The leadership team of Star Capital includes President Timothy Merrill. It has 6 employees.
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- 1 broker-dealer rep
- 3 insurance agents
- Owns 75% or more of Star Capital Inc.
Timothy Merrill
Control person · since July 2019
Star Capital’s regulatory assets grew from $136M (May 2024) to $144M (August 2026); clients rose from 484 to 701 and employees fell from 7 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $144M | 701 | 6 | 3 |
| Jul 2025July 2025 | $143M | 694 | 6 | 3 |
| May 2024May 2024 | $136M | 484 | 7 | 4 |
Besides its headquarters, Star Capital has 2 offices (1 private residence, listed without an address), with 2 listed addresses in 1 state.
Minnesota · 2 listed addresses
- 200 Southdale Center, EdinaHQ
- 2434 Superior DR. NW, Rochester
Contact and registration details
- Legal name
- Star Capital Inc.
- Headquarters
- 200 Southdale Center, Edina, MN 55435
- Website
- starcapitalinvestments.com
- Phone
- 651-444-1116
- @starcapitalinc
- SEC file
- 801-128552
- Structure
- Minnesota corporation
- Fiscal year end
- December
Star Capital’s named custodian for separately managed accounts is Charles Schwab ($118M). Star Capital has custody of $11.1M for 118 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $118M100%
At year end, Star Capital’s separately managed accounts were largely in stocks (45%) and funds (37%).
What the accounts hold
- Stocks45%
- Exchange-traded equities43%
- Non-exchange-traded equities2%
- Funds37%
- Bonds4%
- U.S. government and agency bonds3%
- State and local bonds1%
- Cash16%
- Other2%
- Derivatives1%
- Pooled investments - reits1%
How many clients does Star Capital have?
Star Capital has 701 clients and manages $144 million for them, as of August 2026. They include 664 individual clients, 33 high-net-worth individuals, and 3 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 August 2026
What services does Star Capital offer?
Star Capital provides portfolio management for individuals and small businesses and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Star Capital charge?
Star Capital charges up to 2.00% a year for its Investment Management Fees. The fee is billed in arrears and is negotiable.
Which custodians does Star Capital use?
Star Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $118M. 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 August 2026
How many financial advisors does Star Capital have?
Star Capital has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 3 employees are 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 Star Capital invest in?
At the end of its last fiscal year, Star Capital’s separately managed accounts held 43% exchange-traded equities, 37% registered funds (mutual funds, ETFs, BDCs), 16% cash and equivalents, 3% U.S. government and agency bonds, 2% non-exchange-traded equities, 1% state and local bonds, 1% derivatives and 1% other. The 1% other category is described as: Pooled Investments - Reits.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Star Capital?
Star Capital’s direct owner is Timothy Merrill (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 August 2026
How does Star Capital get paid?
Star Capital is paid through a percentage of assets under management, fixed fees and other compensation. 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 Star Capital?
Star Capital’s main office is at 200 Southdale Center, Edina, MN 55435. Its phone number is 651-444-1116. Its website is starcapitalinvestments.com.