What changed in 2026-03
Comparing the SEC's 2026-02-01 and 2026-03-01 Form ADV snapshots.
Newly registered
101
Deregistered
53
Newly disclosed
26
Major asset moves
40
Firms newly reporting a disclosure
These firms answered Yes this month to an Item 11 question they answered No to the month before. That can reflect a new event, or an amended filing of an older one.
34 Financial, LLC · Atlanta, GA
- Any disclosure event involving the firm or its supervised persons
- A self-regulatory organization found a violation of its rules
Apogem Capital LLC · New York, NY
- SEC or CFTC found a false statement or omission
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Azimut Investment Advisors LLC · Miami, FL
- SEC or CFTC found a false statement or omission
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Black Coral Financial Advisors, LLC · Mount Olive, NJ
- Any disclosure event involving the firm or its supervised persons
- Another regulator found a violation of investment-related regulations or statutes
Brown Capital Management, LLC · Baltimore, MD
- Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
Centuria Capital Partners LLC · Guaynabo, PR
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Concurrent Investment Advisors, LLC · Tampa, FL
- Any disclosure event involving the firm or its supervised persons
Dale K. Ehrhart, Inc. · Venice, FL
- Any disclosure event involving the firm or its supervised persons
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Engaged Capital · Newport Beach, CA
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Glass Wealth Management Co., LLC · San Antonio, TX
- An authorization to act as an attorney, accountant, or federal contractor was revoked or suspended
Greenskeeper Asset Management Inc. · Oakville, Ontario
- Another regulator found a violation of investment-related regulations or statutes
Homage Wealth Group LLC · Houston, TX
- An authorization to act as an attorney, accountant, or federal contractor was revoked or suspended
Iams Wealth Management, LLC · Omaha, NE
- Charged with a felony (past 10 years)
Idle Hill Advisors LLC · Greenville, SC
- Any disclosure event involving the firm or its supervised persons
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Landolt Securities, Inc. · Lake Bluff, IL
- Any disclosure event involving the firm or its supervised persons
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator denied, suspended, or revoked a registration or restricted activity
- A self-regulatory organization found a violation of its rules
Leo Wealth Americas, LLC · Hurst, TX
- Any disclosure event involving the firm or its supervised persons
M2 Capital Advisors · Valencia, CA
- A court enjoined the firm in connection with investment-related activity (past 10 years)
- A court found involvement in a violation of investment-related statutes or regulations
Missionsquare Wealth Management · Washington, DC
- Any disclosure event involving the firm or its supervised persons
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Mpi Infinite Investors, LLC · Gilbert, AZ
- Any disclosure event involving the firm or its supervised persons
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Portage Wealth Inc · Oakville
- Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator found the firm caused a business to lose or have its authorization restricted
- Another regulator entered an order in connection with investment-related activity (past 10 years)
- Another regulator denied, suspended, or revoked a registration or restricted activity
Quantum Financial Partners LLC · Overland Park, KS
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Raymond James (USA) Ltd · Vancouver
- Another regulator denied, suspended, or revoked a registration or restricted activity
Second Half Financial Partners, LLC · Sebring, FL
- Any disclosure event involving the firm or its supervised persons
Three Magnolias Financial Advisors · Winston-salem, NC
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Thrivent Investment Management Inc. · Minneapolis, MN
- Convicted of or pled guilty/no contest to an investment-related misdemeanor (past 10 years)
U.S. Bancorp Advisors, LLC · St. Paul, MN
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Largest reported changes in regulatory assets
These are changes in what firms reported. A large move can reflect client flows, market moves, a restatement, or a reclassification between discretionary and non-discretionary assets. Do not read them as investor behaviour.
| Firm | State | Previous | Current | Change |
|---|---|---|---|---|
| Fisher Investments | TX | $298.73 billion | $386.67 billion | +29% |
| Focus Partners Wealth, LLC | MO | $95.89 billion | $181.86 billion | +90% |
| Northcoast Asset Management LLC | CT | $31.73 billion | $4.97 billion | -84% |
| Brown Brothers Harriman Mutual Fund Advisory Department | NY | $24.92 billion | $7.15 billion | -71% |
| Cwm, LLC | NE | $33.78 billion | $50.58 billion | +50% |
| Exchange Traded Concepts, LLC | OK | $10.17 billion | $22.95 billion | +126% |
| Pnmac Capital Management, LLC | CA | $14.41 billion | $21.35 billion | +48% |
| Alpha Architect | PA | $7.27 billion | $13.50 billion | +86% |
| Roundhill Investments | NY | $3.79 billion | $9.59 billion | +153% |
| Jefferies Finance LLC | NY | $19.19 billion | $24.59 billion | +28% |
| Truston Asset Management | $8.35 billion | $13.75 billion | +65% | |
| Hfr Asset Management, L.l.c | IL | $5.12 billion | $326.2 million | -94% |
| Hfr Investments, LLC | IL | $5.12 billion | $326.2 million | -94% |
| Pacific Heights Asset Management, LLC | CA | $3.96 billion | $7.27 billion | +84% |
| Alpinvest Private Equity Investment Management, LLC | NY | $1.35 billion | $4.47 billion | +231% |
| Pure Financial Advisors, LLC | CA | $8.02 billion | $11.05 billion | +38% |
| Alphacore Capital LLC | CA | $6.06 billion | $9.03 billion | +49% |
| Clarkston Capital Partners, LLC | MI | $6.77 billion | $3.87 billion | -43% |
| Trutino Capital Management, LLC | NY | $9.59 billion | $6.72 billion | -30% |
| Guggenheim Private Investments, LLC | NY | $2.90 billion | $216.2 million | -93% |
| Arax Advisory Partners | CO | $8.96 billion | $11.30 billion | +26% |
| Ratson Advisory LLC | NY | $85.5 million | $2.39 billion | +2694% |
| Red Swan Private Client | TX | $2.44 billion | $165.3 million | -93% |
| Agf Investments | MA | $2.76 billion | $4.92 billion | +78% |
| Modell Capital Management LLC | MI | $0 | $1.88 billion | |
| Planpilot | IL | $3.71 billion | $5.58 billion | +50% |
| Axs Investments LLC | NY | $1.16 billion | $3.02 billion | +160% |
| Reaves Asset Management | NJ | $4.09 billion | $5.94 billion | +45% |
| Aaron Wealth Advisors | IL | $2.61 billion | $4.29 billion | +64% |
| Holbrook Holdings, Inc. | GA | $2.30 billion | $3.78 billion | +64% |
| Lri Investments | FL | $1.40 billion | $2.78 billion | +98% |
| Robinhood Asset Management | CA | $158.7 million | $1.52 billion | +857% |
| Austin Private Wealth, LLC | TX | $1.33 billion | $0 | -100% |
| North Square Investments, LLC | IL | $2.02 billion | $3.15 billion | +56% |
| Pallas Capital Advisors, LLC | MA | $3.20 billion | $4.31 billion | +35% |
| Daymark Wealth Partners, LLC | OH | $3.94 billion | $5.04 billion | +28% |
| Spartan Wealth Management | MI | $406.6 million | $1.48 billion | +265% |
| Wedmont Private Capital | PA | $2.37 billion | $3.44 billion | +45% |
| Grounded Capital, LLC | $1.59 billion | $520.0 million | -67% | |
| Dawson Partners | NY | $0 | $999.1 million |
Newly registered advisers
No longer registered
Present in the previous snapshot and absent from this one. Firms deregister for many ordinary reasons, including mergers and moving to state registration.
- Achieve Retirement & Wealth Management, LLC · Ridgefield, CT
- Aegis Financial · Oshkosh, WI
- Alphaengine Global Investment Solution LLC · Plano, TX
- Altura Private Capital, LLC · Miami, FL
- Andurand Capital Management LLP · London, Greater London
- Az Apice Capital Management LLC · Miami, FL
- Bard Financial Services, Inc. · Branford, CT
- Blue Owl Real Assets Advisors LLC · Chicago, IL
- Brb Finanz USA
- Breeds Hill Capital LLC · Boston, MA
- Bridge Creek Capital Management LLC · West Barnstable, MA
- Cb International Bank LLC · San Juan, PR
- Delta Capital Partners Management LLC · Chicago, IL
- Dent Wealth Advisors · Baton Rouge, LA
- Emerging Capital Partners · Washington, DC
- Financial Abundance, Inc. · State College, PA
- Fractal Capital Management LLC
- Granite Bridge Partners LLC · New York, NY
- Growth Lending Gp LLC · Roswell, GA
- Investmenthunter Wealth Services
- Kempner Capital Management, Inc. · Galveston, TX
- Kent Lake Pr LLC · Rincon, PR
- Keyquant · Paris
- Known Wealth LLC · New York, NY
- Larrainvial Asset Management · Santiago, Region Metropolitana
- Litman Gregory Wealth Management, LLC · Larkspur, CA
- Millennium Tvp Management Co., LLC · Cross River, NY
- N.D. Pitman & Company, Inc. · Mobile, AL
- Oakview Capital Management, L.P. · Dallas, TX
- Oldfather Financial Services LLC · Kearney, NE
- Pacific Oak Capital Advisors, LLC · Costa Mesa, CA
- Palisades Management, LLC · Los Angeles, CA
- Palo Alto Wealth Advisors, LLC · Palo Alto, CA
- Pandion Asset Management, LP · Houston, TX
- Piedmont Wealth Management · Culpeper, VA
- Pollock Investment Advisors, LLC · Ann Arbor, MI
- Portico Wealth Advisors, LLC · Larkspur, CA
- Premier Private Wealth, LLC · Franklin, TN
- Qsv Equity Investors LLC
- Rip Road Capital Partners LP · Boston, MA
- Sage Advisors LLC
- Smart Portfolio · Brea, CA
- Southstate Advisory, Inc. · Columbia, SC
- Stargaze · Alpharetta, GA
- Stone Run Capital, LLC · New York, NY
- The Clarius Group, LLC · Seattle, WA
- Tiaa Wealth Management LLC · New York, NY
- Trinary Capital, LLC
- Two Sigma Investor Solutions, LP · New York, NY
- Valoir Wealth LLC
- Wealthprime · San Jose, CA
- Westport Asset Management Inc · Southport, CT
- Yarash Global Solutions Inc. · Glendale, CA