# Avory & Co.

> Avory & Co. is an SEC-registered investment advisory firm in Miami, FL, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 16, 2026.

- CRD: 284812
- Filed as: AVORY & CO.
- Legal name: Avory & Company, LLC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: April 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284812
- AdvisorCensus page: https://advisorcensus.com/firm/avory-and-co-miami-fl-284812

## Quick answers

**How is Avory & Co. compensated?**
On its Form ADV (Item 5.E, October 2026), Avory & Co. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Avory & Co. located?**
Avory & Co.'s principal office is in Miami, FL, according to its Form ADV.

**Is Avory & Co. registered with the SEC or a state?**
Avory & Co. is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 284812.

**How much does Avory & Co. manage?**
Avory & Co. reports $353,171,275 in regulatory assets under management in its Form ADV filing dated April 16, 2026 (40% discretionary).

**How have Avory & Co.'s assets and staff changed since 2021?**
In the Form ADV data for Avory & Co.: Regulatory assets under management: $337,791,981 in the October 2021 data and $353,171,275 in the October 2026 data, up 5%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Avory & Co. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (56); high net worth individuals (41); corporations or other businesses not listed above (28).

**Which custodians does Avory & Co. use?**
Avory & Co.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Avory & Co. 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/284812

**Does Avory & Co. state an account minimum?**
Its Form ADV Part 2A brochure dated April 16, 2026 says: "Avory & Co. has a stated $5,000,000 minimum, but exceptions may be made."

**What changed in Avory & Co.'s recent Form ADV filings?**
In the April 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 16, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Avory & Co. has a stated $5,000,000 minimum, but exceptions may be made.

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

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers 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: $353,171,275
- Discretionary: $142,550,028
- Non-discretionary: $210,621,247

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 56 | $33,808,629 |
| High net worth individuals | 41 | $92,407,730 |
| 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) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 28 | $226,954,916 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters
- Market timing services

### Firm details
- Registered since: 2019 (7 years)
- Employees: 3 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, FL, NH, PR, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- avory.xyz
- Facebook @AvoryCo
- Instagram @avoryco
- LinkedIn @avory-&-co.
- LinkedIn @houston-hess-81465697
- LinkedIn @luis-alvarez-vila-5b6512123
- LinkedIn @seanemoryavory
- X @AvoryCo
- X @_SeanDavid
- X @houstonavory
- YouTube @avoryco

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $337,791,981 | 4 | July 1, 2021 |
| October 2022 | $330,428,865 | 3 | July 7, 2022 |
| October 2023 | $270,592,682 | 3 | March 24, 2023 |
| October 2024 | $332,982,213 | 3 | April 24, 2024 |
| October 2025 | $376,826,611 | 3 | March 24, 2025 |
| October 2026 | $353,171,275 | 3 | April 16, 2026 |

Regulatory assets under management: $337,791,981 in the October 2021 data and $353,171,275 in the October 2026 data, up 5%.
Total employees: 4 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Avory & Co. (CRD 284812): Form ADV filing data as of October 2026.