{"url":"https://nivawealth.com/firms/syndicated-capital-29037","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/29037","regulatoryAum":141993039,"crd":"29037","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2125753","suffix":null,"lastName":"Cheng","firstName":"Julia","middleName":"Rong"},{"crd":"2103935","suffix":null,"lastName":"GRAHAM","firstName":"JEROME","middleName":"ROBERT"},{"crd":"5580057","suffix":null,"lastName":"JULOYA","firstName":"MARK PAUL","middleName":"DE GUZMAN"},{"crd":"1530761","suffix":null,"lastName":"KAGAWA","firstName":"STEPHEN","middleName":"LINKAN"},{"crd":"2715226","suffix":null,"lastName":"LEE","firstName":"FAITH","middleName":null},{"crd":"5587214","suffix":null,"lastName":"LEE","firstName":"K","middleName":"PAMELA"},{"crd":"5939306","suffix":null,"lastName":"LEE","firstName":"K","middleName":"PATRICK"},{"crd":"1974569","suffix":null,"lastName":"PETRAY","firstName":"DAVID","middleName":"L"},{"crd":"1230629","suffix":null,"lastName":"SCHWEITZER","firstName":"FRANK","middleName":"PAUL"}],"total":9,"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":"2024-03-29","regulatoryAum":115319317,"clients":436,"employees":12,"offices":7},{"filedOn":"2025-03-29","regulatoryAum":122987781,"clients":393,"employees":12,"offices":9},{"filedOn":"2026-09-30","regulatoryAum":141993039,"clients":465,"employees":12,"offices":9}],"secFileNumber":"801-129421","legalName":"Syndicated Capital, Inc.","displayName":"Syndicated Capital","slug":"syndicated-capital-29037","website":"https://syndicatedcapital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"broker_dealer_network","typeLabel":"Broker-dealer affiliate","feeDisclosure":"summary"},"founded":null,"organization":"California corporation","fiscalYearEnd":"December","headquarters":{"street":"135 S State College BLVD., Suite 200","city":"Brea","state":"CA","stateName":"California","country":"United States","postalCode":"92821"},"tradeNames":[],"registration":{"secApproved":"5 February 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":305361.3741935484,"staff":{"employees":12,"advisory":9,"brokerDealerReps":11,"insuranceAgents":5,"promoters":0},"aum":{"regulatory":141993039,"discretionary":136907945,"discretionaryAccounts":447,"nonDiscretionary":5085094,"nonDiscretionaryAccounts":18,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":438,"regulatoryAum":79541033},{"label":"High-net-worth individuals","clients":27,"regulatoryAum":62452006}],"feePrograms":[{"role":"main","program":"Standard advisory fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035463","versionId":1035463,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"FORM ADV PART II","fee_rate_low":2,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:40:10.072458+00:00","documents":[{"name":"FORM ADV PART II","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035463","versionId":1035463,"submittedOn":"2026-03-31"}]},"custodians":[],"custodyNote":"Syndicated Capital has custody of $124M in client assets for 380 clients.","otherCustodians":[],"leadership":[{"name":"Faith Lee","title":"President, CCO, Rop, Municipal Securities Principal, Manager of SC Add Holdings, LLC","crd":"2715226"},{"name":"Heather Una Baines","title":"Trustee of Baines & McAdams Living Trust","crd":"2173889"},{"name":"Steven Lee Thornton","title":"Financial and Operations Principal","crd":"4496384"}],"ownership":[{"label":"Baines and McAdams Living Trust","detail":"Owner in the 25% to 50% ownership band and a control person, since January 2011."},{"label":"SC Add Holdings, LLC","detail":"Owner in the 50% to 75% ownership band and a control person, since September 2020."},{"label":"Heather Una Baines","detail":"Indirect owner: a trustee of Baines and McAdams Living Trust in the 50% to 75% band and a control person, since January 2011.","parent":"Baines and McAdams Living Trust"},{"label":"Faith Lee","detail":"Indirect owner: a manager of SC Add Holdings, LLC in the 50% to 75% band and a control person, since September 2020.","parent":"SC Add Holdings, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":8,"privateResidences":0},"listedOfficeAddresses":9,"foreignOffices":[],"officesByState":[{"state":"California","offices":6,"addresses":[{"street":"135 S State College BLVD., Suite 200","city":"Brea","headquarters":true},{"street":"825 S Primrose Avenue","city":"Monrovia"},{"street":"1100 Alakea Street","city":"Honolulu"},{"street":"21671 Gateway Center Drive","city":"Diamond Bar"},{"street":"8880 Rio San Diego Drive","city":"San Diego"},{"street":"349 Rochester Street","city":"Costa Mesa"}]},{"state":"New York","offices":1,"addresses":[{"street":"133-14 39th Avenue","city":"Flushing"}]},{"state":"Oregon","offices":1,"addresses":[{"street":"2445 Ne Division Street","city":"Bend"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"103 Hyde Park","city":"Doylestown"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"310-751-7098","stateRegisteredReps":11,"otherAdviserReps":1,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":67},{"label":"Non-exchange-traded equity securities","percent":9},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":18},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"30 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/29037/PDF/29037.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035463","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 Syndicated Capital have?","answer":"Syndicated Capital has 465 clients and manages $142 million for them, as of September 2026. They include 438 individual clients and 27 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Syndicated Capital offer?","answer":"Syndicated Capital provides financial planning and portfolio management for individuals and small businesses.","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 Syndicated Capital charge?","answer":"Syndicated Capital charges 2.00% a year for its Standard advisory fee.","source":"FORM ADV PART II, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does Syndicated Capital have?","answer":"Syndicated Capital has 11 investment adviser representatives registered with state securities authorities, out of 12 employees, and 9 perform investment advisory functions. 11 employees are registered representatives of a broker-dealer and 5 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Syndicated Capital invest in?","answer":"At the end of its last fiscal year, Syndicated Capital’s separately managed accounts held 67% exchange-traded equities, 18% registered funds (mutual funds, ETFs, BDCs), 9% non-exchange-traded equities, 5% cash and equivalents 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 Syndicated Capital?","answer":"Syndicated Capital is owned through a trust and a holding company by Heather Una Baines and Faith Lee. Its direct owners are Baines and McAdams Living Trust (25% to 50%) and SC Add Holdings, LLC (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 30 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Syndicated Capital get paid?","answer":"Syndicated 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Syndicated Capital?","answer":"Syndicated Capital’s main office is at 135 S State College BLVD., Suite 200, Brea, CA 92821. Its phone number is 310-751-7098. Its website is syndicatedcapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 30 September 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."}