What changed in 2026-06
Comparing the SEC's 2026-05-01 and 2026-06-01 Form ADV snapshots.
Newly registered
154
Deregistered
57
Newly disclosed
24
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.
Aristides Capital LLC · Louisville, KY
- 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)
Bny Mellon Securities Corporation · New York, NY
- 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
Brilliant Advice, LLC · Cincinnati, OH
- Another regulator found a violation of investment-related regulations or statutes
Capital Bank and Trust Company · Irvine, CA
- Another regulator found a violation of investment-related regulations or statutes
Capital Client Group, Inc. · Los Angeles, CA
- Another regulator found a violation of investment-related regulations or statutes
Capital Group Private Client Services, Inc. · Los Angeles, CA
- Another regulator found a violation of investment-related regulations or statutes
Capital International, Inc. · Los Angeles, CA
- Another regulator found a violation of investment-related regulations or statutes
Capital Research and Management Company · Los Angeles, CA
- Another regulator found a violation of investment-related regulations or statutes
Capital Research Company · Los Angeles, CA
- Another regulator found a violation of investment-related regulations or statutes
Ciro Capital LLC · Jersey City, NJ
- Any disclosure event involving the firm or its supervised persons
- Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
Coinbase Advisors · Stamford, CT
- Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
First Light Wealth Advisors, LLC · Little Falls, NJ
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Global Venture Management LLC · San Juan, PR
- 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 violation of its rules
Hcip Advisors, LLC · Nashville, TN
- Any disclosure event involving the firm or its supervised persons
- 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
Hightower Advisors, LLC · Chicago, IL
- Any disclosure event involving the firm or its supervised persons
Im Wealth Partners · Blue Bell, PA
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
J K R & Company, Inc. · Van Nuys, CA
- A self-regulatory organization found a violation of its rules
Mar Wealth Management Services, LLC · West Palm Beach, 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)
Nepc, LLC · Boston, MA
- Another regulator found a violation of investment-related regulations or statutes
Oak Ridge Investments, LLC · Chicago, IL
- Any disclosure event involving the firm or its supervised persons
- Charged with a felony (past 10 years)
Penbrook Management LLC · New York, NY
- 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)
Retirement Solutions Group · Franklin, TN
- 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)
- Another regulator denied, suspended, or revoked a registration or restricted activity
- 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
Schwab Wealth Advisory, Inc. · San Francisco, CA
- Charged with a felony (past 10 years)
Trinity Neches
- Any disclosure event involving the firm or its supervised persons
- 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 |
|---|---|---|---|---|
| Marshall Wace North America L.P. | NY | $33.00 billion | $58.87 billion | +78% |
| Baron Capital Management, Inc. | NY | $5.76 billion | $10.79 billion | +87% |
| Gusto Investment Services, LLC | CA | $16.49 billion | $12.01 billion | -27% |
| Sirenia Capital Management LP | FL | $0 | $4.26 billion | |
| 1932 Investment Management | NJ | $788.0 million | $4.60 billion | +483% |
| Gryphon Wealth | FL | $0 | $3.24 billion | |
| Cordiant Capital Inc. | $61.9 million | $2.77 billion | +4374% | |
| Intermede Global Partners Inc | CA | $369.7 million | $2.14 billion | +478% |
| Elequin Capital, LP | NY | $520.2 million | $2.07 billion | +297% |
| Portman Square Capital LLP | $3.36 billion | $4.58 billion | +36% | |
| Cohen Capital | IL | $0 | $1.10 billion | |
| Brookwood Advisors, LLC | MA | $0 | $964.5 million | |
| Revelation Capital Management, LLC | CA | $1.61 billion | $2.32 billion | +44% |
| Uniplan Investment Counsel, Inc. | WI | $1.04 billion | $330.5 million | -68% |
| Williams Asset Management | MD | $0 | $661.1 million | |
| Robinhood Ventures | CA | $0 | $655.3 million | |
| Jones Hill Capital LP | NY | $0 | $642.4 million | |
| Perpetua | $1.05 billion | $1.67 billion | +59% | |
| Markets Infrastructure Partners | NY | $535.0 million | $1.11 billion | +108% |
| Freif Advisors LLC | CO | $0 | $569.9 million | |
| Bristol Gate Capital Partners Inc. | $2.08 billion | $1.51 billion | -27% | |
| Ocean Path Advisors, LLC | CA | $0 | $559.5 million | |
| Architect Capital Corp. | CA | $695.6 million | $1.23 billion | +77% |
| Indivisible Partners | FL | $1.55 billion | $2.08 billion | +34% |
| Militia Capital Management, LLC | TX | $1.48 billion | $958.6 million | -35% |
| Forum Capital Advisors LLC | CO | $1.33 billion | $815.2 million | -39% |
| Twin Oak ETF Company | MA | $566.1 million | $1.06 billion | +87% |
| Orange Avenue Advisors LLC | FL | $0 | $480.7 million | |
| Arborstone Financial, LLC | MA | $0 | $476.0 million | |
| Inland Advisory Services, LLC | IL | $0 | $443.1 million | |
| Mauney-pitt Financial Management, Inc. | NC | $0 | $418.0 million | |
| Advisory Solutions Group | MN | $0 | $408.4 million | |
| Hcip Advisors, LLC | TN | $0 | $339.3 million | |
| Light Arc Capital Management LLC | CT | $0 | $324.1 million | |
| Chronometer Partners LP | PA | $0 | $308.4 million | |
| Rossby Financial, LLC | FL | $566.0 million | $854.8 million | +51% |
| Hesmer Wealth Management LLC | $0 | $288.4 million | ||
| Neumeier Poma Investment Counsel LLC | CA | $1.09 billion | $1.37 billion | +26% |
| Fathom Point Capital LLC | CA | $0 | $280.0 million | |
| Cornerstone Advisors LLC | AR | $276.9 million | $7.2 million | -97% |
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.
- 3 Management Co, LLC · San Francisco, CA
- Alpine Peaks Capital, LP · New York, NY
- Alpstone Capital (Suisse) S.A. · Geneve
- Arcadia Investment Management Corp · Kalamazoo, MI
- Austin Private Wealth, LLC · Austin, TX
- Blue Water Venture Management, LLC
- Brains Investments, LLC
- Brooklyn Investment Group, LLC · New York, NY
- Cfo Capital Management, LLC · Fairfield, CT
- Constitution Capital Horizon Advisor, LP · Andover, MA
- Coordinated Financial Services, Inc. · Denver, CO
- Em Advisor · New York, NY
- Evanson Asset Management, LLC
- Excorde Capital LLC · Conshohocken, PA
- Exos Asset Management LLC · New York, NY
- Fenway Financial Advisors, LLC · Arlington, VA
- Financial Connections Group, Inc. · Larkspur, CA
- Frg Family Wealth Advisors · Bellevue, WA
- Fullcircle Wealth LLC · Mckinney, TX
- Gfp Private Wealth · Cleveland, OH
- Ginsler Wealth Management Inc. · Toronto, Ontario
- Hgi Capital Management, LLC. · New York, NY
- Integrated Investment Strategies,inc. · Carmel, IN
- Itc Advisory Services, LLC · Irvine, CA
- Lake Tahoe Wealth Management, Inc. · Folsom, CA
- Makaira Partners, LLC · La Jolla, CA
- Maney Wealth · San Francisco, CA
- Marin Financial Advisors LLC · Larkspur, CA
- Marmo Financial Group, LLC · Johnson City, TN
- Milestone Wealth · Greenville, NC
- Moreton Asset Management, LLC · Farmington, UT
- Nbw Capital LLC · Boston, MA
- Orba Wealth Advisors, LLC · Chicago, IL
- Paradigm Institutional Investors · Dallas, TX
- Parkside Family Office LLC
- Perritt Capital Management Inc · Chicago, IL
- Questmont Virtual Family Office, LLC · Tampa, FL
- Reid Financial Inc · Brooklyn, NY
- Roundangle Advisors LLC · Red Bank, NJ
- Schechter Private Capital, LLC · Birmingham, MI
- Skyview Pinnacle
- Stockpile Investment Advisors, Inc. · San Francisco, CA
- Stockwell Ventures, LLC · New York, NY
- Strategic Advocates, LLC · Sacramento, CA
- Struck Capital Management LLC · Santa Monica, CA
- Structure Wealth Partners LLC · Orlando, FL
- Superfund Advisors, Inc. · St. George
- Swmg Holdings, LLC · Atlanta, GA
- Taglich Brothers, Inc. · Cold Spring Harbor, NY
- Tancook Investment Management Limited · Toronto, Ontario
- Tillman Investment Management, LLC · New York, NY
- Truwealth Advisors, LLC · Metairie, LA
- Twenty-five Capital Partners · Newport Beach, CA
- Unitas Capital · Hong Kong
- Unitas Capital · Hong Kong
- Winthrop Capital Advisors, LLC · Boston, MA
- Yost Capital Management, LP · Houston, TX