# Angeles Investment Advisors

> Angeles Investment Advisors is an SEC-registered investment advisory firm in Santa Monica, CA, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.

- CRD: 110213
- Filed as: ANGELES INVESTMENT ADVISORS
- Legal name: Angeles Investment Advisors, LLC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Santa Monica, CA
- Filing period: October 2026
- Form ADV filing dated: July 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110213
- AdvisorCensus page: https://advisorcensus.com/firm/angeles-investment-advisors-santa-monica-ca-110213

## Quick answers

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

**What does Angeles Investment Advisors' brochure say about its fees?**
Its Form ADV Part 2A brochure dated July 30, 2026 states: Asset-based fee: 0.1% to 0.5% 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 Angeles Investment Advisors located?**
Angeles Investment Advisors' principal office is in Santa Monica, CA, according to its Form ADV.

**Is Angeles Investment Advisors registered with the SEC or a state?**
Angeles Investment Advisors is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 110213.

**How much does Angeles Investment Advisors manage?**
Angeles Investment Advisors reports $7,272,416,549 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (82% discretionary).

**How have Angeles Investment Advisors' assets and staff changed since 2021?**
In the Form ADV data for Angeles Investment Advisors: Regulatory assets under management: $6,599,133,325 in the October 2021 data and $7,272,416,549 in the October 2026 data, up 10%. Total employees: 29 in October 2021 and 28 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Angeles Investment Advisors serve?**
By number of clients on Form ADV Item 5.D: charitable organizations (32); pooled investment vehicles (other than investment companies and business development companies) (17); pension and profit sharing plans (but not the plan participants or government pension plans) (6).

**Which custodians does Angeles Investment Advisors use?**
Angeles Investment Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Capital Markets, LLC and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Angeles Investment Advisors 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/110213

## 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 July 30, 2026)

- Asset-based fee: 0.1% to 0.5% a year (a range, as the brochure states it)

> All fees for Angeles' discretionary services are negotiable. The typical fee schedule will range from .10% to .50%.

- Minimum annual fee: $125,000

> There is generally a minimum fee of $125,000.

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 Capital Markets, LLC
- Charles Schwab & Co., Inc.

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: $7,272,416,549
- Discretionary: $5,996,612,974
- Non-discretionary: $1,275,803,575

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 5 | $157,220,504 |
| Pooled investment vehicles (other than investment companies and business development companies) | 17 | $4,253,351,584 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $388,503,394 |
| Charitable organizations | 32 | $2,410,595,317 |
| Corporations or other businesses not listed above | 1 | $62,745,750 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2001 (25 years)
- Employees: 28 total, 17 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, DE, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- angelesinvestments.com
- LinkedIn @angeles-investments

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,599,133,325 | 29 | March 30, 2021 |
| October 2022 | $8,702,320,852 | 28 | March 31, 2022 |
| October 2023 | $6,205,814,983 | 33 | July 10, 2023 |
| October 2024 | $6,415,145,168 | 33 | July 1, 2024 |
| October 2025 | $7,070,089,641 | 29 | April 23, 2025 |
| October 2026 | $7,272,416,549 | 28 | July 30, 2026 |

Regulatory assets under management: $6,599,133,325 in the October 2021 data and $7,272,416,549 in the October 2026 data, up 10%.
Total employees: 29 in October 2021 and 28 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Angeles Investment Advisors (CRD 110213): Form ADV filing data as of October 2026.