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SEC-registered adviser

S••••••••• C•••••• M•••••••••

Independent wealth managerCarmel-By-The-Sea, CaliforniaCRD 313075SEC 801-136767websiteIAPD
Legal name S••••••••• C•••••• M••••••••• C•••
Latest filing Jul 21, 2026
First filing on the tape Mar 3, 2021 · 9 filings
SEC status approved since Jul 17, 2026
RAUM
$102M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
94%
$96.0M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$34.2M
derived; firm RAUM over IAPD count
Employees
3
2 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$102M as of Jul 21, 2026
Mar 16, 2022$2.2M then
HNW client RAUM$45.0M as of Jul 21, 2026
Mar 16, 2022$315,000 then
State-registered IARs (5.B.3)3 as of Jul 21, 2026
Mar 16, 20221 then
Employees (5.A)3 as of Jul 21, 2026
Mar 16, 20221 then
Private funds: no history
RAUM +4557% over the last fiscal yearIARs 1 to 3offices 0 to 1
Practice profile
derived from the filing of Jul 21, 2026; every figure names its basis
Archetypes, each a printed rule
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$34.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
39derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.2MderivedHNW RAUM over HNW clients
Average account
$813,201derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
6.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+180%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+45%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$51.0M50%
  • High-net-worth individuals$45.0M44%
  • Charitable organizations$3.8M3.7%
  • Pension and profit-sharing plans$2.6M2.6%
Individual clients
77reported
HNW clients
39reported
Pension plan clients
8reported
Charitable clients
2reported
Accounts
126reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.94 fund_share=0.0 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D•••• M•••• R••••Carmel-By-The-Sea, CaApr 5, 202111 y1
K••• R••• S••••Certified Financial PlannerCarmel-By-The-Sea, CaAug 29, 202312 y1
D••• J•••••• C••••••Carmel-By-The-Sea, CaJul 24, 202411 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • R••••• D••••• M•••• · Managing Member & Chief Compliance Officercontrol
    since 04/2021 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Carmelbythesea, Ca300
Offices
Schedule D 1.F, the 25 largest
  • Carmel-By-The-Sea, CA1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • business activity changedChange between filings · filing Jul 21, 2026
    financial planning (Item 5.G.1): no on the filing of 2023-03-27, yes on the filing of 2026-07-21
    peers: independent wealth managers, $100M to $500M (5,678)
  • custody status changedChange between filings · filing Jul 21, 2026
    custody of client assets (Item 9.A): yes on the filing of 2023-03-27, no on the filing of 2026-07-21
    peers: independent wealth managers, $100M to $500M (5,678)
What changed
consecutive filings, newest first
  • Accounts · 33 to 126
    Mar 27, 2023 to Jul 21, 2026
  • Advisory employees · 1 to 2
    Mar 27, 2023 to Jul 21, 2026
  • Advisory activities · 3 to 4
    Mar 27, 2023 to Jul 21, 2026
  • Charity clients · 0 to 2
    Mar 27, 2023 to Jul 21, 2026
  • HNW clients · 9 to 39
    Mar 27, 2023 to Jul 21, 2026
  • Individual clients · 20 to 77
    Mar 27, 2023 to Jul 21, 2026
  • Pension plan clients · 4 to 8
    Mar 27, 2023 to Jul 21, 2026
  • Assets in custody · 6000000.0 to unset
    Mar 27, 2023 to Jul 21, 2026
  • Custody of client assets · true to false
    Mar 27, 2023 to Jul 21, 2026
  • Employees · 1 to 3
    Mar 27, 2023 to Jul 21, 2026
  • Financial planning clients · 0 to 0
    Mar 27, 2023 to Jul 21, 2026
  • State-registered IARs · 1 to 3
    Mar 27, 2023 to Jul 21, 2026
  • Legal name · S••••••••• C•••••• M•••••••••, LLC to S••••••••• C•••••• M••••••••• C•••
    Mar 27, 2023 to Jul 21, 2026
  • Organization form · Limited Liability Company to Corporation
    Mar 27, 2023 to Jul 21, 2026
  • Discretionary RAUM · $6.0M to $102M
    Mar 27, 2023 to Jul 21, 2026
  • HNW RAUM · $3.9M to $45.0M
    Mar 27, 2023 to Jul 21, 2026
  • Individual RAUM · $1.9M to $51.0M
    Mar 27, 2023 to Jul 21, 2026
  • Non-discretionary RAUM · $150,000 to $0
    Mar 27, 2023 to Jul 21, 2026
  • Pension RAUM · $350,000 to $2.6M
    Mar 27, 2023 to Jul 21, 2026
  • RAUM · $6.2M to $102M
    Mar 27, 2023 to Jul 21, 2026
  • HQ city · CARMEL to CARMEL-BY-THE-SEA
    Mar 1, 2023 to Mar 27, 2023
  • Other offices · 0 to 1
    Mar 1, 2023 to Mar 27, 2023
  • Accounts · 34 to 33
    Mar 16, 2022 to Mar 1, 2023
  • HNW clients · 3 to 9
    Mar 16, 2022 to Mar 1, 2023
  • Individual clients · 17 to 20
    Mar 16, 2022 to Mar 1, 2023
  • Assets in custody · $2.2M to $6.0M
    Mar 16, 2022 to Mar 1, 2023
  • Discretionary RAUM · $2.2M to $6.0M
    Mar 16, 2022 to Mar 1, 2023
  • HNW RAUM · $315,000 to $3.9M
    Mar 16, 2022 to Mar 1, 2023
  • Individual RAUM · $1.6M to $1.9M
    Mar 16, 2022 to Mar 1, 2023
  • Non-discretionary RAUM · $0 to $150,000
    Mar 16, 2022 to Mar 1, 2023
  • Pension RAUM · $238,000 to $350,000
    Mar 16, 2022 to Mar 1, 2023
  • RAUM · $2.2M to $6.2M
    Mar 16, 2022 to Mar 1, 2023
  • Accounts · 5 to 34
    Sep 10, 2021 to Mar 16, 2022
  • Charity clients · unset to 0.0
    Sep 10, 2021 to Mar 16, 2022
  • Corporate clients · unset to 0.0
    Sep 10, 2021 to Mar 16, 2022
  • HNW clients · unset to 3.0
    Sep 10, 2021 to Mar 16, 2022
  • Individual clients · 5 to 17
    Sep 10, 2021 to Mar 16, 2022
  • Pension plan clients · unset to 4.0
    Sep 10, 2021 to Mar 16, 2022
  • Pooled vehicle clients · unset to 0.0
    Sep 10, 2021 to Mar 16, 2022
  • Assets in custody · $1.6M to $2.2M
    Sep 10, 2021 to Mar 16, 2022
Signals
1 dated events
  • S••••••••• C•••••• M••••••••• filed its initial SEC registration (Form ADV)
    Mar 3, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
831-877-1095reportedpublished by the firm, firm site, Sep 16, 2026
Firm profile
linkedin.com/company/stillwater-capital-managementreportedpublic record, Form ADV, Sep 21, 2026
Website
s•••••••••.comreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone
831-877-1095reportedpublic record, Form ADV, Jul 21, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$34.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026