# Adrian Lee & Partners

> Adrian Lee & Partners is an SEC-registered investment advisory firm in Co Dublin, Ireland, registered since 1999, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 110822
- Filed as: ADRIAN LEE & PARTNERS
- Legal name: Lee Overlay Partners Ltd
- Also doing business as: ADRIAN LEE & PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Co Dublin, Ireland
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110822
- AdvisorCensus page: https://advisorcensus.com/firm/adrian-lee-and-partners-co-dublin-110822

## Quick answers

**How is Adrian Lee & Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Adrian Lee & Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Adrian Lee & Partners located?**
Adrian Lee & Partners' principal office is in Co Dublin, Ireland, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Adrian Lee & Partners registered with the SEC or a state?**
Adrian Lee & Partners is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 110822.

**How much does Adrian Lee & Partners manage?**
Adrian Lee & Partners reports $23,395,000,000 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (100% discretionary).

**How have Adrian Lee & Partners' assets and staff changed since 2021?**
In the Form ADV data for Adrian Lee & Partners: Regulatory assets under management: $14,533,000,000 in the October 2021 data and $23,395,000,000 in the October 2026 data, up 61%. Total employees: 27 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Adrian Lee & Partners serve?**
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (6); pension and profit sharing plans (but not the plan participants or government pension plans) (2); charitable organizations (2).

**Which custodians does Adrian Lee & Partners use?**
Adrian Lee & Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, JP Morgan Chase Bank and State Street Bank and Trust as custodians holding 10% or more of its separately managed account assets.

**Does Adrian Lee & Partners report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110822

**Does Adrian Lee & Partners state an account minimum?**
Its Form ADV Part 2A brochure dated September 25, 2025 says: "The minimum currency portfolio that the Firm would generally consider managing would be $100 million. However, this is negotiable and can be waived or altered by the Firm."

**What changed in Adrian Lee & Partners' recent Form ADV filings?**
In the October 2026 filing data: Employees performing advisory functions went from 16 to 17. Regulatory assets under management went from $21,262,000,000 to $23,395,000,000 (+10%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated September 25, 2025)

- Account minimum: $100,000,000 (the brochure says it may be waived or negotiated)

> The minimum currency portfolio that the Firm would generally consider managing would be $100 million. However, this is negotiable and can be waived or altered by the Firm.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- JP Morgan Chase Bank
- State Street Bank and Trust

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $23,395,000,000
- Discretionary: $23,395,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $34,000,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $1,400,000,000 |
| Charitable organizations | 2 | $3,400,000,000 |
| State or municipal government entities (including government pension plans) | 6 | $18,561,000,000 |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1999 (26 years)
- Employees: 29 total, 17 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- London

### Websites listed on Form ADV (Item 1.I)
- [aleepartners.com](https://aleepartners.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $14,533,000,000 | 27 | September 27, 2021 |
| October 2022 | $14,857,000,000 | 29 | September 28, 2022 |
| October 2023 | $17,387,000,000 | 29 | September 27, 2023 |
| October 2024 | $19,590,000,000 | 28 | September 26, 2024 |
| October 2025 | $19,590,000,000 | 28 | September 26, 2024 |
| October 2026 | $23,395,000,000 | 29 | September 25, 2026 |

Regulatory assets under management: $14,533,000,000 in the October 2021 data and $23,395,000,000 in the October 2026 data, up 61%.
Total employees: 27 in October 2021 and 29 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Employees performing advisory functions went from 16 to 17.
- Regulatory assets under management went from $21,262,000,000 to $23,395,000,000 (+10%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Adrian Lee & Partners (CRD 110822): Form ADV filing data as of October 2026.