Wealth manager, independent · Sioux Falls, SD
Elgethun Capital Management
SEC-registered investment adviser · CRD 127616 · SEC 801-66560
At a glance
Elgethun Capital Management is an SEC-registered investment adviser based in Sioux Falls, South Dakota, with $1.1B in regulatory assets under management as of its Form ADV filed March 27, 2026. It reports 294 individual clients, 177 of them high-net-worth, holding an average of about $3.5 million each, and 13 employees. That ranks it 961st among the nation’s 5,657 independent wealth management RIAs and 1st of 5 in South Dakota. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 605-367-3336elgethuncapitalmanagement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #961 of 5,657
- Rank among all SEC RIAs
- #4,985 of 17,210
- Rank in South Dakota
- #1 of 5
- Individual clients
- 294
- High-net-worth clients
- 177
- Accounts
- 943
- Discretionary
- 100% of AUM
- Employees
- 13
- Advisory staff
- 10
- Offices
- 1
Owners and executives on its Form ADV
- John A BarkerPresident; Chief Compliance Officer
- Austin J. WagnerPortfolio Manager
- Conrad T. AdamPortfolio Manager
Custody and brokerage
Broker-dealer
No broker-dealer ties
Elgethun Capital Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 177 | $983M | 86% |
| Pooled investment vehicles | 2 | $86M | 8% |
| Individuals | 117 | $38M | 3% |
| Corporations or other businesses | – | $19M | 2% |
| Charitable organizations | 7 | $12M | 1% |
| Pension and profit sharing plans | – | $1M | <1% |
Private funds
Elgethun Capital Management reports 2 private funds with $86M in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Elgethun Capital Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗elgethuncapitalmanagement.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Elgethun Capital Management manage?
Elgethun Capital Management reports $1.1B in regulatory assets under management across 943 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
How many clients does Elgethun Capital Management have?
It reports 294 individual clients: 177 high-net-worth individuals and 117 other individuals. Individuals account for about 90% of its regulatory assets.
Where is Elgethun Capital Management headquartered?
Its main office is in Sioux Falls, South Dakota. It reports 1 office in total and 13 employees, 10 of whom perform investment advisory functions.
How does Elgethun Capital Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Elgethun Capital Management use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 27, 2026, it reports these amounts held: Charles Schwab ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Elgethun Capital Management a hybrid RIA with a broker-dealer?
Elgethun Capital Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Elgethun Capital Management a fiduciary?
As an SEC-registered investment adviser, Elgethun Capital Management owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Elgethun Capital Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →