# Advanced Portfolio Management, LLC

> Advanced Portfolio Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 17, 2026.

- CRD: 138769
- Filed as: ADVANCED PORTFOLIO MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/138769
- AdvisorCensus page: https://advisorcensus.com/firm/advanced-portfolio-management-llc-new-york-ny-138769

## Quick answers

**How is Advanced Portfolio Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Advanced Portfolio Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**How much does Advanced Portfolio Management, LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.5% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Advanced Portfolio Management, LLC located?**
Advanced Portfolio Management, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Advanced Portfolio Management, LLC registered with the SEC or a state?**
Advanced Portfolio Management, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 138769.

**How much does Advanced Portfolio Management, LLC manage?**
Advanced Portfolio Management, LLC reports $2,697,149,188 in regulatory assets under management in its Form ADV filing dated September 17, 2026 (1% discretionary).

**How have Advanced Portfolio Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Advanced Portfolio Management, LLC: Regulatory assets under management: $1,307,180,779 in the October 2021 data and $2,697,149,188 in the October 2026 data, up 106%. Total employees: 10 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Advanced Portfolio Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (3); charitable organizations (2); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Advanced Portfolio Management, LLC use?**
Advanced Portfolio Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Advanced Portfolio Management, LLC 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/138769

**What changed in Advanced Portfolio Management, LLC's recent Form ADV filings?**
In the October 2026 filing data: Employees performing advisory functions went from 11 to 6. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.5% to 1.75% a year (a range, as the brochure states it)

> The Adviser’s standard management fee for each Fund and SMA based on assets under management ranges from 0.5 % to 1.75% annually (the "Management Fee").

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

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC

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: $2,697,149,188
- Discretionary: $34,723,399
- Non-discretionary: $2,662,425,789

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $34,623,309 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 3 | $1,280,098,520 |
| Charitable organizations | 2 | $1,347,496,270 |
| Other investment advisers | 1 | $100,090 |
| Insurance companies | 1 | $34,830,999 |

### 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2006 (20 years)
- Employees: 12 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,307,180,779 | 10 | March 31, 2021 |
| October 2022 | $2,555,628,791 | 11 | March 31, 2022 |
| October 2023 | $1,872,689,333 | 10 | March 29, 2023 |
| October 2024 | $2,101,021,778 | 10 | July 24, 2024 |
| October 2025 | $2,178,612,885 | 11 | March 31, 2025 |
| October 2026 | $2,697,149,188 | 12 | September 17, 2026 |

Regulatory assets under management: $1,307,180,779 in the October 2021 data and $2,697,149,188 in the October 2026 data, up 106%.
Total employees: 10 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Employees performing advisory functions went from 11 to 6.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 4 to 11.
- Regulatory assets under management went from $2,178,612,885 to $2,697,149,188 (+24%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Advanced Portfolio Management, LLC (CRD 138769): Form ADV filing data as of October 2026.