SourcingSourcing

CHANGING PARAMETERS, LLC

C47
CRD 132551·SEC 801-63495·LOS ALTOS, CA
AUM
$105.4M
$100M-$500M
Est. Revenue
$1.1M
@ 1% on AUM
Est. EBITDA
$316K
@ 30% margin
Est. Deal Value
$2.5M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
CHANGING PARAMETERS, LLC
CRD
132551
SEC file #
801-63495
EIN
—
DBA names
—

Economics

AUM
$105.4M
AUM band
$100M-$500M
AUM trajectory
'20'26
$73.7M → $105.4M▲ +43%
Client mix
Individuals Other67
Individuals High Net Worth42
Corporations5
Investment Companies1

Operations

Employees (total)
4
Advisory staff (per ADV)
2
Advisory staff (5-yr trend)
'20'26
1 advisors → 2 advisors▲ +100%
Primary office
LOS ALTOS CA
Branches
—

Custodian & Brokerage

Primary custodian
E*Tradelow confidence
Services offered
Financial planningPortfolio mgmt — individualsPortfolio mgmt — investment companiesSelection of other advisers
Fee basis
% of AUM

Filings

Latest ADV filing
03/13/2026
ADV-W filed at
—
Website
—

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
SMITH, HOWARD, PAUL
Top Owner Pct
87.5
Top Owner Entity Kind
I
Owner Count
2
Control Persons
SMITH, HOWARD, PAUL
Nakagawa, Jonathan, Y
Solo Advisor Indicator
No
Succession Risk Solo Owner
Yes
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Registered
No

Compliance & brand

Firm Registration Status
active

All other collected signals (9)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
6
Bc Firm IAR Count
6
Custodian Candidates
Full
E*trade4
U.s. Bank2
Firm Has Custody
No
Mailing Office Differs
No
Top Owner CRD
2097495
Trust Company Affiliate
No

People (7)

7
SMITH, HOWARD, PAUL
IAR · Direct Owner · 87.5%
2097495
Nakagawa, Jonathan, Y
Executive Officer · 2.5%
8215955
Nicholas Winstead
IAR
7353567
JENNY LYN BOBER
IAR
6589277
CAMERON JAMES THOMAS
IAR
5890037
SPENCER, AIMEE, JACKSON
IAR
7189559
Dominic Ross
IAR
7540852