CAPITAL IMPACT ADVISORS, LLC

CRD

168313

SEC file #

801-78345

EIN

462851264

DBA names

Capital Impact Advisors

Economics

AUM

$1.49B

AUM band

$1B+

AUM trajectory

'20 · $312.1M

'21 · $399.6M

'22 · $625.5M

'23 · $301.1M

'25 · $201.2M

'26 · $1.49B

'20'26

$312.1M → $1.49B▲ +376%

sec adv history

Client mix

Investment Companies

Operations

Employees (total)

Advisory staff (per ADV)

Advisory staff (5-yr trend)

'20 · 3 advisors

'21 · 4 advisors

'22 · 5 advisors

'23 · 5 advisors

'25 · 4 advisors

'26 · 4 advisors

'20'26

3 advisors → 4 advisors▲ +33%

sec adv history

Primary office

BOSTON MA

Branches

—

Custodian & Brokerage

Primary custodian

E*Tradelow confidence

adv brochure

Services offered

Portfolio mgmt — investment companies

Fee basis

% of AUM

Filings

Latest ADV filing

03/31/2026

ADV-W filed at

—

Website

ershares.com

Compliance

Disclosures (firm)

Trademark

—

Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name

SHULMAN, JOEL, MARK

Top Owner Pct

87.5

Top Owner Entity Kind

Owner Count

Control Persons

SHULMAN, JOEL, MARK

PENTEGRA DB PLAN FOR FINANCIAL

Solo Advisor Indicator

Succession Risk Solo Owner

Is Parent Owned Subsidiary

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed

sec adv w

Web presence ★

Stale website = winding down

Web Signal Quality

Rdap Domain

ERSHARES.COM

Rdap Domain Creation Date

2010-05-23T18:09:41Z

Rdap Firm Age Years

Rdap Firm Age Band

10-20y

Rdap Registrar

GoDaddy.com, LLC

Retirement-plan book (Form 5500) ★

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

Retirement Plan Book

form 5500

SEC EDGAR

Edgar Cik

0001602198

Edgar Registered

Yes

Edgar Filing Count

Edgar First Filing Date

2014-03-13

Edgar Last Filing Date

2026-05-15

Edgar 13f Count

Edgar 13f Latest AUM Estimate

Filing Date2026-05-15

Accession0001172661-26-002017

Compliance & brand

Firm Registration Status

active

sec adv w

All other collected signals (17)

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

Adv W Recently Filed

sec adv w

Bc Firm Active Bc Count

brokercheck firm search

Bc Firm Active IA Count

brokercheck firm search

Bc Firm IAR Count

brokercheck firm search

Custodian Candidates

Full

E*trade	4
State Street	2

adv brochure

Edgar Addresses

Mailing

175 FEDERAL STSUITE 875BOSTON, MA 02110

Business

175 FEDERAL STSUITE 875BOSTON, MA 02110

Edgar EIN

462851264

Edgar Recent Filings

13F-HR2026-05-15 · 0001172661-26-002017

13F-HR2026-02-17 · 0001172661-26-000946

Firm Has Custody

Mailing Office Differs

Rdap Domain Expiration Date

2030-05-23T18:09:41Z

Rdap Domain Last Changed

2025-05-24T18:14:28Z

Rdap Nameservers

Ns21.domaincontrol.comNs22.domaincontrol.com

Rdap Secure Dns Enabled

Rdap Status

Client Delete ProhibitedClient Renew ProhibitedClient Transfer ProhibitedClient Update Prohibited

Top Owner CRD

2267287

Trust Company Affiliate