# Avenir Corporation

> Avenir Corporation is an SEC-registered investment advisory firm in Alexandria, VA, registered since 1988, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 110545
- Filed as: AVENIR CORPORATION
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Alexandria, VA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110545
- AdvisorCensus page: https://advisorcensus.com/firm/avenir-corporation-alexandria-va-110545

## Quick answers

**How is Avenir Corporation compensated?**
On its Form ADV (Item 5.E, October 2026), Avenir Corporation reports these compensation arrangements: a percentage of assets under its management.

**Where is Avenir Corporation located?**
Avenir Corporation's principal office is in Alexandria, VA, according to its Form ADV.

**Is Avenir Corporation registered with the SEC or a state?**
Avenir Corporation is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 110545.

**How much does Avenir Corporation manage?**
Avenir Corporation reports $849,280,840 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Avenir Corporation's assets and staff changed since 2021?**
In the Form ADV data for Avenir Corporation: Regulatory assets under management: $1,229,734,650 in the October 2021 data and $849,280,840 in the October 2026 data, down 31%. Total employees: 7 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Avenir Corporation serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (91); individuals (other than high net worth individuals) (49); charitable organizations (6).

**Which custodians does Avenir Corporation use?**
Avenir Corporation's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Avenir Corporation 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/110545

**Does Avenir Corporation state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Avenir requires that a client invest a minimum of $1 million to open an account. The minimum investment requirement may be waived at the discretion of Avenir’s management."

**What changed in Avenir Corporation's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,003,294,487 to $849,280,840 (-15%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Avenir requires that a client invest a minimum of $1 million to open an account. The minimum investment requirement may be waived at the discretion of Avenir’s management.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage 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: $849,280,840
- Discretionary: $849,280,840
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 49 | $43,885,354 |
| High net worth individuals | 91 | $725,505,523 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $42,817,949 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $5,778,277 |
| Charitable organizations | 6 | $10,082,296 |
| 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 | 5 | $21,211,441 |

### 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

### Firm details
- Registered since: 1988 (38 years)
- Employees: 6 total, 3 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, DC, FL, LA, MA, MD, MO, NC, NH, NJ, NY, OK, PA, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,229,734,650 | 7 | March 31, 2021 |
| October 2022 | $1,332,795,929 | 7 | March 31, 2022 |
| October 2023 | $1,098,908,006 | 7 | March 30, 2023 |
| October 2024 | $1,267,094,450 | 6 | May 14, 2024 |
| October 2025 | $1,003,294,487 | 6 | May 14, 2025 |
| October 2026 | $849,280,840 | 6 | March 31, 2026 |

Regulatory assets under management: $1,229,734,650 in the October 2021 data and $849,280,840 in the October 2026 data, down 31%.
Total employees: 7 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,003,294,487 to $849,280,840 (-15%).

### January 2026
- No longer registered or notice-filed in GA, TN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Avenir Corporation (CRD 110545): Form ADV filing data as of October 2026.