What changed in 2026-11
Comparing the SEC's 2026-10-01 and 2026-11-01 Form ADV snapshots.
Newly registered
117
Deregistered
64
Newly disclosed
30
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.
Allworth Financial, L.P. · Folsom, CA
- Any disclosure event involving the firm or its supervised persons
- An authorization to act as an attorney, accountant, or federal contractor was revoked or suspended
Apex Wealth Advisors, LLC · Vienna, VA
- Any disclosure event involving the firm or its supervised persons
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Arini Capital Management Limited · London
- A self-regulatory organization found a violation of its rules
Arini Capital Management US LLC · New York, NY
- A self-regulatory organization found a violation of its rules
Arkadios Wealth Advisors · Atlanta, GA
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Cc-nmr Global Credit Management LLC · New York, NY
- A court found involvement in a violation of investment-related statutes or regulations
Colegerber · Walnut Creek, CA
- 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)
Duke and Duke Wealth Management LLC · Doylestown, PA
- 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)
Esi Financial Advisors · Montpelier, VT
- Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Gfo Advisory Services, LLC · Greenwich, CT
- SEC or CFTC entered an order in connection with investment-related activity
Hatteras Investment Partners, LP · Raleigh, NC
- 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
Invest Inc. · Lexington, KY
- Another regulator found a violation of investment-related regulations or statutes
Kestra Advisory Services, LLC · Austin, TX
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Key Investment Services LLC · Brooklyn, OH
- SEC or CFTC found a false statement or omission
Leagueshares Advisors, LLC · Burlington, VT
- 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
Mesirow Fiduciary Solutions, LLC · Chicago, IL
- 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
Midwestern Securities Trading Co.,llc · East Peoria, IL
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Morgan Stanley · Purchase, NY
- Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Orion Capital Wealth and Investment Management, LLC · Las Vegas, 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)
- Another regulator denied, suspended, or revoked a registration or restricted activity
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Peak6 Advisory Services · New York, NY
- SEC or CFTC found a violation of its regulations or statutes
- A self-regulatory organization found a violation of its rules
- Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
Pelican Advisory LLC · Covington, LA
- Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)
Rb Capital Management, LLC · Reno, NV
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Round Table Investment Strategies, LLC · Lincoln, NE
- 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)
Russell Capital Management, LLC · Lexington, KY
- 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)
Schroder Investment Management (Japan) Limited · Chiyoda-ku, Tokyo
- 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)
Schroder Investment Management North America 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)
Schroder Investment Management North America Ltd · London
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Schroders Capital Management (US) LLC · 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)
Ultra Capital Management LLC · San Francisco, CA
- 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
Wealthtrace Advisors, Inc. · Zionsville, IN
- Another regulator found a violation of investment-related regulations or statutes
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 |
|---|---|---|---|---|
| Kayne Anderson Capital Advisors, L.P. | TX | $34.11 billion | $14.29 billion | -58% |
| Mercury Advisory, LLC | CA | $17.94 billion | $22.57 billion | +26% |
| Orix Advisers, LLC | NY | $9.63 billion | $5.05 billion | -48% |
| Ramp Advisory LLC | NY | $0 | $4.08 billion | |
| Gulf International Bank (Uk) Limited | $4.98 billion | $8.03 billion | +61% | |
| Bakeravenue | CA | $5.09 billion | $7.72 billion | +52% |
| Bluespring Wealth Management, LLC | TX | $5.43 billion | $7.82 billion | +44% |
| Bartholomew & Company Wealth Management, LLC | MA | $0 | $1.92 billion | |
| Stackstone Wealth, LLC | IA | $0 | $1.49 billion | |
| Iq Eq Asset Management Limited | $1.82 billion | $726.6 million | -60% | |
| Cc-nmr Global Credit Management LLC | NY | $0 | $1.00 billion | |
| Wfm Asia (Bvi) Limited | $2.59 billion | $1.66 billion | -36% | |
| Wfm Asia (Hk) Limited | $2.59 billion | $1.66 billion | -36% | |
| Tide Rock Leverageco Manager, LLC | CA | $0 | $908.9 million | |
| Uhy Wealth Management Ria LLC | MI | $102.6 million | $912.1 million | +789% |
| Bucks Capital Advisers | PA | $0 | $670.7 million | |
| Phocas Financial Corporation | $682.7 million | $27.9 million | -96% | |
| Fundsmith Partners US LLC | CT | $435.3 million | $1.02 billion | +135% |
| Olde Raleigh Financial Group | NC | $0 | $565.7 million | |
| Liberty Street Advisors, Inc. | NY | $1.88 billion | $2.38 billion | +26% |
| Archiv Capital Management LP | $0 | $475.5 million | ||
| Hofman Wealth Management | MO | $0 | $464.1 million | |
| Thomas J. Herzfeld Advisors, Inc. | FL | $890.4 million | $1.34 billion | +50% |
| Stewardwell LLC | TN | $0 | $441.7 million | |
| Brite Avenue Capital LP | NY | $0 | $430.3 million | |
| Roi Financial Planning | TN | $0 | $407.9 million | |
| Swbc Investment Company | TX | $256.0 million | $594.4 million | +132% |
| Martin & Company | CA | $0 | $336.2 million | |
| Tomoro | NJ | $0 | $335.6 million | |
| Leggett Capital Partners | TX | $0 | $333.4 million | |
| Occidental Asset Management, LLC | CA | $1.07 billion | $1.40 billion | +31% |
| Persimmon Capital Management | PA | $368.5 million | $50.1 million | -86% |
| Entrypoint Capital, LLC | NY | $700.3 million | $999.2 million | +43% |
| Richmond Investment Services LLC | WI | $453.2 million | $742.0 million | +64% |
| Founders Family Office | FL | $1.12 billion | $1.40 billion | +26% |
| Beau Morgan Advisors | $792.7 million | $1.06 billion | +34% | |
| Callodine Bdc Advisor, LLC | MA | $0 | $238.7 million | |
| Savlan Wealth Partners | NY | $0 | $231.8 million | |
| Pfs Signature Wealth | FL | $0 | $211.6 million | |
| Vista Point Asset Management LLC | CA | $0 | $211.4 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.
- Accelerated Wealth Advisors LLC · Colorado Springs, CO
- Agriglobe Land Advisors, LLC · Fresno, CA
- Alpine Hill Advisors LLC · Westport, CT
- Anchor Bay Private Wealth LLC · Carlsbad, CA
- Antara Capital LP · New York, NY
- Bay Rivers Group Wealth Partners · Williamsburg, VA
- Bey-douglas, LLC Investment Counsel · Marietta, GA
- Blue Rock Financial Group · Rehoboth Beach, DE
- Boundary Creek Advisors LP
- Cannon Global Investment Management, LLC · Davie, FL
- Cannon Wealth Management Services · Winston-salem, NC
- Capwealth Advisors, LLC · Franklin, TN
- Cardone Wealth Advisors · Aventura, FL
- Cedarstone Advisors · Thousand Oaks, CA
- Clera · Bakersfield, CA
- Compass Wealth Management, LLC · Atlanta, GA
- Contrary Legacy LLC
- Elk River Wealth Management LLC · Denver, CO
- Evolution Vision Wealth Management
- Gip Investment Adviser LLC · West Palm Beach, FL
- Glass Retirement Strategies, Inc. · West Bloomfield, MI
- Glouston Capital Partners, LLC · Boston, MA
- Glynn Capital Management, LLC · Menlo Park, CA
- Gms Group · East Hanover, NJ
- Gurufocus Investments, LLC · Plano, TX
- H.M. Payson · Portland, ME
- Heartwood Wealth Advisors, LLC · Richmond, VA
- Heller Wealth Management · Melville, NY
- Hudson Advisor Services, Inc. · Buffalo, NY
- Idle Hill Advisors LLC · Greenville, SC
- Indie Asset Partners, LLC · Carmel, IN
- Invista Advisors · Montgomery, AL
- Kahn Asset Management · Los Angeles, CA
- Kestra Institutional Services, LLC · Austin, TX
- Keynote Financial Services, LLC · Vernon, CT
- Klingenstein Fields Advisors · New York, NY
- Lanier Asset Management, LLC · Louisville, KY
- Limekiln Real Estate Investment Management, LP · New York, NY
- Lincoln Energy Holdings LLC · Englewood, CO
- Livello Capital Management LP · New York, NY
- Lloyd Harbor Capital Management, LLC · Cold Spring Harbor, NY
- Merida Capital Holdings LLC · Rye, NY
- Mft Wealth Management
- Music Row Wealth Management · Nashville, TN
- Npw Inc. · Oakville, Ontario
- Optimus Capital Advisors, LLC · Coppell, TX
- Overwatch Capital Advisors LLC · New York, NY
- Pack Private Wealth, LLC · Wayzata, MN
- Pearl Wealth LLC · Portland, OR
- Personal Financial Solutions, LLC · Manasquan, NJ
- Princeton Investment Management Company
- Private Counsel Group, Ltd. · Indianapolis, IN
- Quantitative Finance LLC
- Sandy Cove Advisors, LLC · Hingham, MA
- Seven Bridges Advisors LLC · New York, NY
- Shah Capital Management · Raleigh, NC
- Silicon Valley Retirement Services, LLC · San Jose, CA
- Silver Lake Capital Partners · Dallas, TX
- Tcg Strategic Income Advisor LLC · West Palm Beach, FL
- Trg Investment Advisors, LLC · Denver, CO
- Trinity Wealth Management LLC · Cincinnati, OH
- Tscg Investors, LLC · Simsbury, CT
- Valley Financial Group · Ambler, PA
- West Rim Capital Associates Ii, L.P. · Lehi, UT