Two California Firms Among 15 ADV Record Exit Observations

Feed exits: 15 over two days

The ADV feed recorded 15 exit observations for the Sep 18–20, 2026 reporting period, split across two days: 8 on Friday, Sep 18, and 7 on Saturday, Sep 19. These counts reflect the number of adviser records absent from the feed on those observation dates, not a confirmed business closure or withdrawal.

HS Tax Wealth Mgmt, LLC

HS Tax Wealth Mgmt, LLC was present in the state reporting file on September 17 and absent on September 18. Its previous profile lists Carlsbad, California, a California registration jurisdiction and a reported registration date of August 18, 2026. It reported one employee and zero clients; regulatory AUM was not reported. The profile’s latest filing date is August 27, 2025, which is separate from its reported registration date.

Veleta Capital, LLC

Veleta Capital, LLC appeared in the SEC reporting file on September 18 and was absent on September 19. The previous profile identifies it as an exempt reporting adviser in El Segundo, California, with file number 802-121046. It lists a reported registration date of March 31, 2021, a latest filing date of September 14, 2026, and veletacapital.com as its website. Client and regulatory AUM figures were not reported in that observation.

What an exit observation means

A single feed absence does not prove that a firm closed, was acquired, or completed a withdrawal. It indicates that the record did not appear in the source feed on the observation date. Profile details come from the most recent prior observation and may not reflect the current state.

Counts by day

• Fri, Sep 18: 8 feed exits
• Sat, Sep 19: 7 feed exits

These 15 observations span a two-day window. They are a snapshot of feed presence, not a measure of industry-wide attrition. Additional observations would be needed to establish any pattern.

Complete record list

The full-period list contains 15 records. The homepage breakdown covers the complete list: Fri, Sep 18 (8); Sat, Sep 19 (7).

All 15 records observed from 09/18/2026 through 09/20/2026, including the examples discussed above. Absence from the compared ADV feed does not establish closure or a withdrawal.