Three Circles Capital Management, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$340,000
This total excludes 1 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
1
0% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
1
Very LowAverage account size
$340,000
About
Three Circles Capital Management provides discretionary portfolio management to individuals, trusts, corporations and banking institutions, and it also serves as manager and investment adviser to a private pooled vehicle, Three Circles Fund, LLC. As of April 23, 2026 the firm reports just over $4 million in discretionary assets and offers separate accounts alongside investments in the Fund.
The firm’s investment approach centers on a proprietary analytical process for identifying and investing in exchange‑traded funds, coupled with an options overlay intended to reduce volatility and generate income; it may take long or short positions and write or purchase options. The adviser uses financial data feeds and third‑party research, has recently begun using AI for research support (not automated decision making), and generally seeks above‑average returns with lower risk while avoiding financial leverage except where short positions may introduce leverage.
What distinguishes the firm from many peers is its role as a private fund adviser that accepts performance‑based compensation—a 20% incentive allocation subject to a high‑water mark—while continuing to manage percentage‑of‑assets separate accounts, a structure that creates side‑by‑side conflicts the firm seeks to address through pro rata allocations and pricing parity. The firm also lists institutional clients such as banking institutions, imposes account minimums that can be waived, and maintains custody of the Fund, features that are less common among similarly sized independent advisers.
Client services
Portfolio management
Expertise
Options & derivatives strategies
Active portfolio management
Private / alternative investments
Fee options
For the Fund, 20% of the net new appreciation calculated quarterly, subject to a high water mark.
Account minimum: $100,000 (may be waived to as low as $50,000 at Advisor's discretion) Fee-only: For Separate Accounts, negotiated fee based on assets under management, not exceeding 2.0% annually.
Main office location
Three Circles Capital Management, LLC
Denver CO, United States
Number of offices
1
Most active in
Three Circles Capital Management, LLC has reported serving >5 clients in these states in the last 12 months.
Colorado
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
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