{ "crd_number": 173136, "slug": "aethon-energy-management-dallas-tx-173136", "primary_business_name": "AETHON ENERGY MANAGEMENT", "legal_name": "AETHON ENERGY MANAGEMENT LLC", "dbas": [], "city": "Dallas", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-12-26", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-08-14", "carried_forward": false, "raum_total": 700131864.0, "raum_discretionary": 700131864.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 7, "advisory_employees": 7, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 700131864.0, "count": 5 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "other", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "TX" ], "websites": [ "https://aethonenergy.com", "https://linkedin.com/COMPANY/AETHON-ENERGY", "https://x.com/aethonenergy" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/173136", "city_as_filed": "DALLAS", "url": "https://advisorcensus.com/firm/aethon-energy-management-dallas-tx-173136", "display_name": "Aethon Energy Management", "summary": "Aethon Energy Management is an SEC-registered investment advisory firm in Dallas, TX, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 14, 2026.", "citation": "AdvisorCensus. Aethon Energy Management (CRD 173136): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Other" ], "quick_answers": [ { "q": "How is Aethon Energy Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Aethon Energy Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "What does Aethon Energy Management's brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated August 14, 2026 states: Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Aethon Energy Management located?", "a": "Aethon Energy Management's principal office is in Dallas, TX, according to its Form ADV." }, { "q": "Is Aethon Energy Management registered with the SEC or a state?", "a": "Aethon Energy Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 173136." }, { "q": "How much does Aethon Energy Management manage?", "a": "Aethon Energy Management reports $700,131,864 in regulatory assets under management in its Form ADV filing dated August 14, 2026 (100% discretionary)." }, { "q": "How have Aethon Energy Management's assets and staff changed since 2021?", "a": "In the Form ADV data for Aethon Energy Management: Regulatory assets under management: $694,119,465 in the October 2021 data and $700,131,864 in the October 2026 data, up 1%. Total employees: 11 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Aethon Energy Management serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5)." }, { "q": "Does Aethon Energy Management 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/173136" }, { "q": "What changed in Aethon Energy Management's recent Form ADV filings?", "a": "In the September 2026 filing data: Employees performing advisory functions went from 14 to 7. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 694119465.0, "total_employees": 11, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 907029096.0, "total_employees": 15, "filing_date": "2022-07-07" }, { "period": "2023-10-01", "regulatory_assets_under_management": 579276403.0, "total_employees": 12, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 790474843.0, "total_employees": 189, "filing_date": "2024-03-30" }, { "period": "2025-10-01", "regulatory_assets_under_management": 610938465.0, "total_employees": 184, "filing_date": "2025-05-29" }, { "period": "2026-10-01", "regulatory_assets_under_management": 700131864.0, "total_employees": 7, "filing_date": "2026-08-14" } ], "recent_changes": [ { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Employees performing advisory functions went from 14 to 7.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 12 to 14.", "Regulatory assets under management went from $610,938,465 to $700,131,864 (+15%).", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated August 14, 2026", "tiers": [], "flat_rate": null, "stated_range": "1.5% to 2% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it)" ], "quotes": [ "Aethon II-A is subject to a “Management Fee,” as defined in the Fund’s Governing Documents, which is initially charged as a percentage of a limited partner’s capital commitments, generally ranging from 1.5% to 2.0% depending on the size of the commitment." ] } ], "quotes": [ "Aethon II-A is subject to a “Management Fee,” as defined in the Fund’s Governing Documents, which is initially charged as a percentage of a limited partner’s capital commitments, generally ranging from 1.5% to 2.0% depending on the size of the commitment." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/aethon-energy-management-dallas-tx-173136.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 5, "fewer_than_5": false, "raum": 700131864.0 } ], "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/173136", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }