{ "crd_number": 156290, "slug": "arbiter-partners-new-york-ny-156290", "primary_business_name": "ARBITER PARTNERS", "legal_name": "ARBITER PARTNERS CAPITAL MANAGEMENT, LLC", "dbas": [ "BROKEN CLOCK MANAGEMENT, L.L.C. (RELYING ADVISOR)" ], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2011-02-22", "years_registered": 15, "period": "2026-10-01", "filing_date": "2026-04-28", "carried_forward": false, "raum_total": 1250700000.0, "raum_discretionary": 886200000.0, "raum_non_discretionary": 364500000.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 12, "advisory_employees": 7, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 151300000.0, "count": 2, "fewer_than_5": true }, "other_investment_advisers": { "raum": 100000000.0, "count": 1, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 423700000.0, "count": 11 }, "pooled_investment_vehicles": { "raum": 575700000.0, "count": 6 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "NY", "TX" ], "websites": [ "https://arbiterpartners.net" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156290", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/arbiter-partners-new-york-ny-156290", "display_name": "Arbiter Partners", "summary": "Arbiter Partners is an SEC-registered investment advisory firm in New York, NY, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 28, 2026.", "citation": "AdvisorCensus. Arbiter Partners (CRD 156290): 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 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" ], "quick_answers": [ { "q": "How is Arbiter Partners compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Arbiter Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Arbiter Partners located?", "a": "Arbiter Partners' principal office is in New York, NY, according to its Form ADV." }, { "q": "Is Arbiter Partners registered with the SEC or a state?", "a": "Arbiter Partners is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 156290." }, { "q": "How much does Arbiter Partners manage?", "a": "Arbiter Partners reports $1,250,700,000 in regulatory assets under management in its Form ADV filing dated April 28, 2026 (71% discretionary)." }, { "q": "How have Arbiter Partners' assets and staff changed since 2021?", "a": "In the Form ADV data for Arbiter Partners: Regulatory assets under management: $971,200,000 in the October 2021 data and $1,250,700,000 in the October 2026 data, up 29%. Total employees: 12 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Arbiter Partners serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (11); pooled investment vehicles (other than investment companies and business development companies) (6); charitable organizations (2)." }, { "q": "Which custodians does Arbiter Partners use?", "a": "Arbiter Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Deutsche Bank Trust Company Americas, Global Fund Custody and Goldman Sachs & Co. LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Arbiter Partners 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/156290" }, { "q": "What changed in Arbiter Partners' recent Form ADV filings?", "a": "In the March 2026 filing data: Regulatory assets under management went from $778,600,000 to $1,250,700,000 (+61%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 971200000.0, "total_employees": 12, "filing_date": "2021-05-05" }, { "period": "2022-10-01", "regulatory_assets_under_management": 958400000.0, "total_employees": 12, "filing_date": "2022-05-24" }, { "period": "2023-10-01", "regulatory_assets_under_management": 734200000.0, "total_employees": 12, "filing_date": "2023-05-12" }, { "period": "2024-10-01", "regulatory_assets_under_management": 691900000.0, "total_employees": 12, "filing_date": "2024-05-08" }, { "period": "2025-10-01", "regulatory_assets_under_management": 778600000.0, "total_employees": 12, "filing_date": "2025-04-24" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1250700000.0, "total_employees": 12, "filing_date": "2026-04-28" } ], "recent_changes": [ { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Regulatory assets under management went from $778,600,000 to $1,250,700,000 (+61%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Deutsche Bank Trust Company Americas", "name_as_filed": "DEUTSCHE BANK TRUST COMPANY AMERICAS", "affiliated": false }, { "name": "Global Fund Custody", "name_as_filed": "GLOBAL FUND CUSTODY", "affiliated": false }, { "name": "Goldman Sachs & Co. LLC", "name_as_filed": "GOLDMAN SACHS & CO. LLC", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/arbiter-partners-new-york-ny-156290.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 11, "fewer_than_5": false, "raum": 423700000.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 6, "fewer_than_5": false, "raum": 575700000.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 2, "fewer_than_5": true, "raum": 151300000.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 1, "fewer_than_5": true, "raum": 100000000.0 } ], "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/156290", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }