Ares Management LLC
Registered investment adviser · Los Angeles, CA · CRD #130074
Form ADV data as of 2026-09-01Regulatory assets
$458.82 billion
Total accounts
715
Employees
3,990
Disclosure events
3
Firm details
- Website: https://www.aresfoundation.org/
- Telephone: 310-201-4100
- SEC file number: 801-63800
- Most recent Form ADV filing: 2026-08-26
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 3 disclosure questions answered Yes, covering 3 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- 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
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $433.97 billion |
| Non-discretionary regulatory assets under management | $24.85 billion |
| Total regulatory assets under management | $458.82 billion |
| Discretionary accounts | 663 |
| Non-discretionary accounts | 52 |
| Total accounts | 715 |
| Regulatory assets under management attributable to non-U.S. persons | $257.61 billion |
People
| Total employees (excluding clerical) | 3,990 |
| Employees performing investment advisory functions (including research) | 1,550 |
| Employees who are registered representatives of a broker-dealer | 266 |
| Employees registered as investment adviser representatives with a state | 2 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 25 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $368.09 billion |
| Clients for whom the firm has custody | 545 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $334.55 billion |
| Clients for whom a related person has custody | 509 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 34 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities for which it serves as underwriter or general partner
- Recommends securities in which it has another sales interest
- Brokers or dealers selected under 8.C.(3) are related persons
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
- Compensates a non-employee for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Pooled investment vehicles (other than investment companies and BDCs) | 655 | $403.55 billion |
| Pension and profit sharing plans (not the participants or government plans) | 13 | $4.93 billion |
| Other investment advisers | Not reported | $235.6 million |
| Insurance companies | 27 | $40.33 billion |
| Sovereign wealth funds and foreign official institutions | Not reported | $5.73 billion |
| Corporations or other businesses not listed above | Not reported | $1.11 billion |
| Other | 7 | $2.94 billion |