# Aperio Group, LLC

> Aperio Group, LLC is an SEC-registered investment advisory firm in Sausalito, CA, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 111616
- Filed as: APERIO GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sausalito, CA
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111616
- AdvisorCensus page: https://advisorcensus.com/firm/aperio-group-llc-sausalito-ca-111616

## Quick answers

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

**Where is Aperio Group, LLC located?**
Aperio Group, LLC's principal office is in Sausalito, CA, according to its Form ADV; the May 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is Aperio Group, LLC registered with the SEC or a state?**
Aperio Group, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 111616.

**How much does Aperio Group, LLC manage?**
Aperio Group, LLC reports $152,125,253,086 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary).

**How have Aperio Group, LLC's assets and staff changed since 2021?**
In the Form ADV data for Aperio Group, LLC: Regulatory assets under management: $41,518,228,881 in the October 2021 data and $152,125,253,086 in the October 2026 data, up 266%. Total employees: 112 in October 2021 and 208 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Aperio Group, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (25,295); individuals (other than high net worth individuals) (5,717); other (1,873).

**Which custodians does Aperio Group, LLC use?**
Aperio Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Aperio Group, LLC report any disciplinary disclosures?**
Reports 8 disclosure items on Form ADV Item 11: yes answers to 7 questions about regulatory matters and 1 question about civil court matters (11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(2), 11.G, 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111616

**What changed in Aperio Group, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 90 to 88. Regulatory assets under management went from $111,408,313,810 to $152,125,253,086 (+37%). Changed its office addresses in Chicago, IL.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services 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: $152,125,253,086
- Discretionary: $152,125,253,086
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 5,717 | $3,470,503,778 |
| High net worth individuals | 25,295 | $95,149,020,240 |
| Banking or thrift institutions | 1 | $440,772 |
| Investment companies | 3 | $787,736,394 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $1,986,085,135 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 39 | $134,333,741 |
| Charitable organizations | 800 | $22,468,498,921 |
| State or municipal government entities (including government pension plans) | 1 | $13,399,807 |
| Other investment advisers | 8 | $12,405,106 |
| Insurance companies | 1 | $4,081,281 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 151 | $1,946,518,928 |
| Other | 1,873 | $26,152,228,983 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2000 (26 years)
- Employees: 208 total, 88 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 8 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111616

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Atlanta, GA
- Boston, MA
- Chicago, IL
- Denver, CO
- New York, NY
- Philadelphia, PA
- Princeton, NJ
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- blackrock.com
- Instagram @blackrock
- LinkedIn @blackrock
- TikTok @blackrock
- X @BlackRock_news
- X @blackrock
- YouTube @UC61MWzrpcsazp23LOxCsTcg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $41,518,228,881 | 112 | July 26, 2021 |
| October 2022 | $54,129,271,253 | 147 | March 14, 2022 |
| October 2023 | $54,545,912,619 | 150 | March 17, 2023 |
| October 2024 | $80,212,688,341 | 170 | September 18, 2024 |
| October 2025 | $111,408,313,810 | 200 | July 30, 2025 |
| October 2026 | $152,125,253,086 | 208 | April 2, 2026 |

Regulatory assets under management: $41,518,228,881 in the October 2021 data and $152,125,253,086 in the October 2026 data, up 266%.
Total employees: 112 in October 2021 and 208 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 90 to 88.
- Regulatory assets under management went from $111,408,313,810 to $152,125,253,086 (+37%).
- Changed its office addresses in Chicago, IL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aperio Group, LLC (CRD 111616): Form ADV filing data as of October 2026.