Masterworks Advisers, LLC

Registered investment adviser · New York, NY · CRD #324239

Form ADV data as of 2026-09-01

Regulatory assets

$8.1 million

Total accounts

1,045

Employees

Disclosure events

Firm details

Website: https://www.masterworks.com/vip
Telephone: 203-518-5172
SEC file number: 801-127158
Most recent Form ADV filing: 2026-07-29
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 2 disclosure questions answered Yes, covering 6 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.

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)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$507,638
Non-discretionary regulatory assets under management	$7.6 million
Total regulatory assets under management	$8.1 million
Discretionary accounts	322
Non-discretionary accounts	723
Total accounts	1,045
Regulatory assets under management attributable to non-U.S. persons	$143,288

People

Total employees (excluding clerical)	13
Employees performing investment advisory functions (including research)	13
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	13
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	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
Client funds and securities held in the firm's custody	$0
Clients for whom the firm has custody	0
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
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	1

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for pooled investment vehicles

Affiliated related persons

Sponsor or syndicator of limited partnershipsSponsor, general partner, or managing member of pooled investment vehicles

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
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	775	$2.4 million
High net worth individuals	270	$5.7 million