# Aletheia Analyst Network Limited

> Aletheia Analyst Network Limited is an SEC-registered investment advisory firm in Central, Hong Kong, registered since 2014, with no regulatory assets under management reported in its Form ADV filing dated May 29, 2026.

- CRD: 172882
- Filed as: ALETHEIA ANALYST NETWORK LIMITED
- Also doing business as: IND-X ADVISORS LIMTED, IND-X SECURITIES (ASIA) LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Central, Hong Kong
- Filing period: October 2026
- Form ADV filing dated: May 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/172882
- AdvisorCensus page: https://advisorcensus.com/firm/aletheia-analyst-network-limited-central-172882

## Quick answers

**How is Aletheia Analyst Network Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Aletheia Analyst Network Limited reports these compensation arrangements: subscription fees (for a newsletter or periodical); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Aletheia Analyst Network Limited located?**
Aletheia Analyst Network Limited's principal office is in Central, Hong Kong, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Aletheia Analyst Network Limited registered with the SEC or a state?**
Aletheia Analyst Network Limited is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 172882.

**How have Aletheia Analyst Network Limited's assets and staff changed since 2021?**
In the Form ADV data for Aletheia Analyst Network Limited: Total employees: 32 in October 2021 and 35 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Aletheia Analyst Network Limited serve?**
By number of clients on Form ADV Item 5.D: investment companies (137); corporations or other businesses not listed above (1).

**Does Aletheia Analyst Network Limited 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/172882

**What changed in Aletheia Analyst Network Limited's recent Form ADV filings?**
In the June 2026 filing data: Employees performing advisory functions went from 21 to 23.

## From the Form ADV filing

### Compensation (Item 5.E)
- Subscription fees (for a newsletter or periodical)
- Other

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 137 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Security ratings or pricing services
- Market timing services

### Firm details
- Registered since: 2014 (11 years)
- Employees: 35 total, 23 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- London
- New York, NY
- Singapore

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 32 | April 8, 2021 |
| October 2022 | Not reported | 32 | June 28, 2022 |
| October 2023 | Not reported | 29 | June 13, 2023 |
| October 2024 | Not reported | 24 | June 12, 2024 |
| October 2025 | Not reported | 30 | May 8, 2025 |
| October 2026 | Not reported | 35 | May 29, 2026 |

Total employees: 32 in October 2021 and 35 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Employees performing advisory functions went from 21 to 23.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aletheia Analyst Network Limited (CRD 172882): Form ADV filing data as of October 2026.