{
  "crd_number": 149782,
  "slug": "advisorshares-bethesda-md-149782",
  "primary_business_name": "ADVISORSHARES",
  "legal_name": "ADVISORSHARES INVESTMENTS, LLC",
  "dbas": [],
  "city": "Bethesda",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "47900",
  "metro": {
    "cbsa_code": "47900",
    "common_name": "Washington",
    "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV",
    "path": "/advisors/dc/washington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-08-04",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-03-12",
  "carried_forward": false,
  "raum_total": 1721894407.0,
  "raum_discretionary": 1721894407.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 11,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 1721894407.0,
      "count": 18
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://advisorshares.com",
    "https://facebook.com/ADVISORSHARESINVESTMENTS",
    "https://instagram.com/advisorshares",
    "https://linkedin.com/company/advisorshares",
    "https://x.com/ADVISORSHARES",
    "https://youtube.com/channel/UClXkcxWKKsPk_Bhfw-VBtCw/about"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149782",
  "city_as_filed": "BETHESDA",
  "url": "https://advisorcensus.com/firm/advisorshares-bethesda-md-149782",
  "display_name": "Advisorshares",
  "summary": "Advisorshares is an SEC-registered investment advisory firm in Bethesda, MD, registered since 2009, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 12, 2026.",
  "citation": "AdvisorCensus. Advisorshares (CRD 149782): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Advisorshares compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Advisorshares reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Advisorshares located?",
      "a": "Advisorshares' principal office is in Bethesda, MD, according to its Form ADV."
    },
    {
      "q": "Is Advisorshares registered with the SEC or a state?",
      "a": "Advisorshares is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 149782."
    },
    {
      "q": "How much does Advisorshares manage?",
      "a": "Advisorshares reports $1,721,894,407 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary)."
    },
    {
      "q": "How have Advisorshares' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Advisorshares: Regulatory assets under management: $1,055,317,875 in the October 2021 data and $1,721,894,407 in the October 2026 data, up 63%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Advisorshares serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (18)."
    },
    {
      "q": "Does Advisorshares report any disciplinary disclosures?",
      "a": "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/149782"
    },
    {
      "q": "What changed in Advisorshares' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,187,033,425 to $1,721,894,407 (+45%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1055317875.0,
      "total_employees": 8,
      "filing_date": "2021-03-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2390034440.0,
      "total_employees": 9,
      "filing_date": "2022-06-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1244839852.0,
      "total_employees": 9,
      "filing_date": "2023-09-14"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1191219551.0,
      "total_employees": 9,
      "filing_date": "2024-03-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1187033425.0,
      "total_employees": 10,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1721894407.0,
      "total_employees": 11,
      "filing_date": "2026-03-12"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,187,033,425 to $1,721,894,407 (+45%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/advisorshares-bethesda-md-149782.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 18,
      "fewer_than_5": false,
      "raum": 1721894407.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149782",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}