What changed in 2026-05
Comparing the SEC's 2026-04-01 and 2026-05-01 Form ADV snapshots.
Newly registered
206
Deregistered
48
Newly disclosed
43
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.
A.G.P. Asset Management LLC · New York, NY
- 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
- 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 denied, suspended, or revoked a registration or restricted activity
- A self-regulatory organization found a violation of its rules
Alamo Capital · Walnut Creek, CA
- A self-regulatory organization found a violation of its rules
Alexander Capital Wealth Management LLC · Red Bank, NJ
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Ally Invest Advisors · Charlotte, NC
- 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
Axxes Advisors I LLC · Coral Gables, FL
- A self-regulatory organization found a false statement or omission
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization found the firm caused a business to lose or have its authorization restricted
Axxes Advisors LLC · Coral Gables, FL
- A self-regulatory organization found a false statement or omission
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization found the firm caused a business to lose or have its authorization restricted
Benson Wealth Management, Inc.
- 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)
Calydon Capital, LLC · Memphis, TN
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Carnegie Investment Counsel · Pepper Pike, OH
- A court found involvement in a violation of investment-related statutes or regulations
Concurrent Investment Advisors, LLC · Tampa, FL
- A court found involvement in a violation of investment-related statutes or regulations
Crystal Cove Asset Management · Newport Beach, CA
- A self-regulatory organization found a false statement or omission
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Dow Family Office Advisory, LLC · Lakewood Ranch, FL
- 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)
Easterly Investment Partners LLC · Beverly, MA
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Eden Advisory Services, LLC · Albany, NY
- A self-regulatory organization found a violation of its rules
Ibn Financial Services, Inc · Liverpool, NY
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Infinite Giving Advisory Services, Inc. · Atlanta, GA
- Any disclosure event involving the firm or its supervised persons
Innovator Capital Management, LLC · Wheaton, IL
- Any disclosure event involving the firm or its supervised persons
- Charged with a felony (past 10 years)
- 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
- 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)
- Another regulator denied, suspended, or revoked a registration or restricted activity
Integrated Investment Strategies,inc. · Carmel, IN
- 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)
Intercarolina Financial Services, Inc. · Greensboro, NC
- Any disclosure event involving the firm or its supervised persons
Jgb Capital Management L.P. · Westport, CT
- Any disclosure event involving the firm or its supervised persons
- Charged with a felony (past 10 years)
Jm Financial Private Wealth, Inc. · New York, NY
- 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)
Laidlaw Wealth Management LLC · New York, NY
- Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
Las Olas Capital Wealth LLC · Fort Lauderdale, FL
- Another regulator found a violation of investment-related regulations or statutes
Lincoln Douglas Investments, LLC · Mount Vernon, OH
- Any disclosure event involving the firm or its supervised persons
- A self-regulatory organization found a violation of its rules
Midwest Financial Associates, Inc. · Rockford, IL
- Any disclosure event involving the firm or its supervised persons
- 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 entered an order in connection with investment-related activity (past 10 years)
- A self-regulatory organization found a false statement or omission
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Moran Wealth Management, LLC · Naples, FL
- Any disclosure event involving the firm or its supervised persons
- Charged with a felony (past 10 years)
- Charged with an investment-related misdemeanor (past 10 years)
Mwa Financial Services, Inc. · Rock Island, IL
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Petercam Institutional Asset Management · Brussels
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Physician Family Financial Advisors Inc · Beaverton, OR
- 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)
Potomac Investment Company
- Another regulator denied, suspended, or revoked a registration or restricted activity
Retire Ready Wealth Management · Radnor, PA
- Any disclosure event involving the firm or its supervised persons
- Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Richard Bernstein Advisors LLC · New York, NY
- Another regulator found a violation of investment-related regulations or statutes
Rjj Pasadena Securities, Inc. · Henderson, NV
- 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)
- A self-regulatory organization found a violation of its rules
Sauberan & Company, LLC · Lockport, NY
- SEC or CFTC found a violation of its regulations or statutes
Sciens Water · New York, NY
- 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
Sphinx Investments LLC
- A court dismissed an investment-related civil action under a settlement agreement
Stone Oak Capital LLC · Rochester, NY
- Any disclosure event involving the firm or its supervised persons
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
United Advisor Group · Cincinnati, OH
- Another regulator found a violation of investment-related regulations or statutes
US Financial Planners, LLC · Asheville, NC
- A self-regulatory organization found a violation of its rules
Vanguard Alternative Assets Adviser, LLC · Malvern, PA
- 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
- 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)
- A court dismissed an investment-related civil action under a settlement agreement
Wahed · New York, NY
- Another regulator found a violation of investment-related regulations or statutes
Williams and Schiller Wealth Management, LLC · Sandpoint, ID
- 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)
Zero Day Capital Enterprises LLC
- Convicted of or pled guilty/no contest to a felony (past 10 years)
- Charged with a felony (past 10 years)
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 |
|---|---|---|---|---|
| Cerity Partners Retirement Plan Consultants | NY | $20.82 billion | $40.25 billion | +93% |
| Savant Wealth Management | IL | $38.13 billion | $49.57 billion | +30% |
| Third Point LLC | NY | $21.78 billion | $28.73 billion | +32% |
| Evanson Financial, LLC Dba Evanson Asset Management | $0 | $5.85 billion | ||
| Napier Park Global Capital Ltd | $3.51 billion | $9.22 billion | +163% | |
| Lindsell Train Limited | $14.70 billion | $9.25 billion | -37% | |
| Capitolis Advisors LLC | NY | $100.3 million | $4.50 billion | +4388% |
| Bosera Asset Management (International) Co., Limited | $13.60 billion | $17.26 billion | +27% | |
| Oneseven | OH | $4.85 billion | $7.72 billion | +59% |
| Elevation Point Wealth Partners, LLC | CO | $6.30 billion | $8.29 billion | +32% |
| Springs Capital (Hong Kong) Limited | $5.49 billion | $7.17 billion | +31% | |
| Mvp Manager LLC | NY | $1.14 billion | $2.81 billion | +145% |
| Marble Bar Asset Management LLP | $2.08 billion | $3.57 billion | +72% | |
| Hobe Mountain Capital Management LLC | FL | $0 | $1.35 billion | |
| Ancala Partners LLC | NY | $3.12 billion | $4.36 billion | +40% |
| Fiera Capital (Uk) Limited | $3.98 billion | $4.99 billion | +25% | |
| Stonebridge Financial Group | CA | $0 | $896.0 million | |
| Calydon Capital, LLC | TN | $2.86 billion | $3.58 billion | +25% |
| Blueprint Investment Partners LLC | NC | $1.23 billion | $1.87 billion | +52% |
| Shoten Capital LP | TX | $0 | $622.4 million | |
| Ascentis Asset Management, LLC | TX | $559.3 million | $0 | -100% |
| Schroder Wealth Management (US) Limited | $922.4 million | $1.40 billion | +52% | |
| Kiltearn Partners | $1.74 billion | $1.27 billion | -27% | |
| Mre Management, LLC | MD | $0 | $458.0 million | |
| Sfw Capital Partners LP | NY | $929.7 million | $476.8 million | -49% |
| Olympus Capital Holdings Asia LLC | NY | $1.29 billion | $852.1 million | -34% |
| Man Global Private Markets (USA) Inc. | NY | $1.43 billion | $988.2 million | -31% |
| P2 Capital Partners, LLC | NY | $1.26 billion | $824.4 million | -35% |
| Teewinot Capital Advisers, L.L.C. | CT | $1.19 billion | $1.61 billion | +35% |
| Setpoint Capital | NY | $483.5 million | $835.1 million | +73% |
| Zenith Am | $619.2 million | $963.6 million | +56% | |
| Diameter Dcf Advisor LLC | NY | $0 | $342.6 million | |
| Loon Lake Capital Management LP | MA | $0 | $336.0 million | |
| Corinthia Global Management | NY | $1.20 billion | $886.5 million | -26% |
| Paradigm Wealth Management | NE | $421.2 million | $116.3 million | -72% |
| Project Level Management Company, LLC | IL | $0 | $293.8 million | |
| Willow Creek Capital Management, Inc. | MT | $0 | $280.0 million | |
| Wedbush Fund Advisers, LLC | CA | $754.2 million | $1.02 billion | +35% |
| Arq Wealth Advisors, LLC | AZ | $844.3 million | $1.11 billion | +31% |
| Churchill Ncpe Advisor LLC | NY | $0 | $259.5 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.
- Aksia Ca LLC · San Diego, CA
- Algebraic Capital Management LLC · New York, NY
- Alpha Cubed Investments, LLC · Costa Mesa, CA
- Axel Capital Management, LLC · New York, NY
- A|c Management Tech LLC · Miami, FL
- Beckett Clark Private Wealth, LLC · Bethesda, MD
- Ccm Investment Group, LLC · Northfield, MN
- Centricus Asset Management Limited · London
- Ch Douglas & Gray Wealth Management · Indianapolis, IN
- Chartered Wealth Partners, LP · Beverly Hills, CA
- Complete Financial Planning,inc.
- Covenant Partners, LLC · Nashville, TN
- Crescent Financial Advisors · Seneca, SC
- Dempsey Lord Smith, LLC · Rome, GA
- Divergent Planning · Bethesda, MD
- Edge Financial Advisors, LLC · Wheaton, IL
- Equity Story USA · Sydney Nsw
- Exencial Wealth Advisors · Oklahoma City, OK
- Fifit LLC
- Footprints Asset Management & Research, Inc.
- Grizzly Capital Management LP · New York, NY
- Guided Path Financial · Plano, TX
- Harbor Wealth Management, LLC · Green Bay, WI
- Journey Strategic Wealth LLC · Summit, NJ
- Logix Investments LLC · Cleveland, OH
- Mcbride Financial Advisors, LLC
- Nayana Investment Management LLC
- Nitorum Capital, L.P. · New York, NY
- Oasys Wealth, Inc.
- Otter Rock Advisors LP · Stamford, CT
- Pathfinder Wealth Consulting · Wilmington, NC
- Regency Investment Advisors Inc · Fresno, CA
- Rembrandt Financial Group LLC · Austin, TX
- Resource 1, Inc. · Norfolk, VA
- Sfermion · Chicago, IL
- Sky Creek Capital Management
- Snowball Advisors, LLC · Miami Beach, FL
- Steinwold & Co. LLC · Chicago, IL
- Stevard LLC
- Strive Retirement Group · Daytona Beach, FL
- Stuart Chaussée & Associates, Inc.
- Tjt Capital Group, LLC · Stamford, CT
- True Partner Capital USA · Chicago, IL
- Trutoro · Conway, AR
- U.S. Bancorp Investments, Inc. · St. Paul, MN
- Vantage Wealth · Pasadena, CA
- Venice Capital LLC · Sao Paulo
- Wootton Financial Group Inc · Conroe, TX