{ "crd_number": 156771, "slug": "avendus-wealth-management-private-limited-mumbai-156771", "primary_business_name": "AVENDUS WEALTH MANAGEMENT PRIVATE LIMITED", "legal_name": "AVENDUS WEALTH MANAGEMENT PRIVATE LIMITED", "dbas": [], "city": "Mumbai", "state": null, "country": "India", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2011-04-13", "years_registered": 15, "period": "2026-10-01", "filing_date": "2026-07-01", "carried_forward": false, "raum_total": 1995407313.0, "raum_discretionary": 0.0, "raum_non_discretionary": 1995407313.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 248, "advisory_employees": 6, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 277394637.0, "count": 366 }, "high_net_worth_individuals": { "raum": 488658415.0, "count": 31 }, "corporations_other_businesses": { "raum": 1229354261.0, "count": 149 } }, "compensation_types": [ "fixed", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "NJ", "NY", "TX" ], "websites": [ "https://avendus.com", "https://instagram.com/avendusgroup", "https://linkedin.com/company/avendus", "https://x.com/avendus", "https://youtube.com/@AvendusGroup" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156771", "city_as_filed": "MUMBAI", "url": "https://advisorcensus.com/firm/avendus-wealth-management-private-limited-mumbai-156771", "display_name": "Avendus Wealth Management Private Limited", "summary": "Avendus Wealth Management Private Limited is an SEC-registered investment advisory firm in Mumbai, India, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 1, 2026.", "citation": "AdvisorCensus. Avendus Wealth Management Private Limited (CRD 156771): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "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", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Avendus Wealth Management Private Limited compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Avendus Wealth Management Private Limited reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Avendus Wealth Management Private Limited located?", "a": "Avendus Wealth Management Private Limited's principal office is in Mumbai, India, according to its Form ADV; the August 2026 filing also lists 9 other offices (Schedule D, Section 1.F)." }, { "q": "Is Avendus Wealth Management Private Limited registered with the SEC or a state?", "a": "Avendus Wealth Management Private Limited is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 156771." }, { "q": "How much does Avendus Wealth Management Private Limited manage?", "a": "Avendus Wealth Management Private Limited reports $1,995,407,313 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (0% discretionary)." }, { "q": "How have Avendus Wealth Management Private Limited's assets and staff changed since 2021?", "a": "In the Form ADV data for Avendus Wealth Management Private Limited: Regulatory assets under management: $853,381,989 in the October 2021 data and $1,995,407,313 in the October 2026 data, up 134%. Total employees: 105 in October 2021 and 248 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Avendus Wealth Management Private Limited serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (366); corporations or other businesses not listed above (149); high net worth individuals (31)." }, { "q": "Which custodians does Avendus Wealth Management Private Limited use?", "a": "Avendus Wealth Management Private Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axis Bank Limited, HDFC Bank Ltd and Icici Bank Ltd. as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Avendus Wealth Management Private Limited 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/156771" }, { "q": "What changed in Avendus Wealth Management Private Limited's recent Form ADV filings?", "a": "In the August 2026 filing data: Employees performing advisory functions went from 3 to 6. Changed its office addresses in New Delhi. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 853381989.0, "total_employees": 105, "filing_date": "2021-06-28" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2431560902.0, "total_employees": 134, "filing_date": "2022-09-15" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1673667926.0, "total_employees": 155, "filing_date": "2023-06-28" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1671890504.0, "total_employees": 148, "filing_date": "2024-08-14" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2005861520.0, "total_employees": 174, "filing_date": "2025-06-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1995407313.0, "total_employees": 248, "filing_date": "2026-07-01" } ], "recent_changes": [ { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Employees performing advisory functions went from 3 to 6.", "Changed its office addresses in New Delhi.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-03-01", "period_label": "March 2026", "notes": [ "Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(2))." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Axis Bank Limited", "name_as_filed": "AXIS BANK LIMITED", "affiliated": false }, { "name": "HDFC Bank Ltd", "name_as_filed": "HDFC BANK LTD", "affiliated": false }, { "name": "Icici Bank Ltd.", "name_as_filed": "ICICI BANK LTD.", "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/avendus-wealth-management-private-limited-mumbai-156771.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 366, "fewer_than_5": false, "raum": 277394637.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 31, "fewer_than_5": false, "raum": 488658415.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 149, "fewer_than_5": false, "raum": 1229354261.0 } ], "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/156771", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }